EURUSD 4 Hour: Bearish Bat Pattern Completion

Finally filled short on the bearish bat pattern that we’ve been waiting for on the EURUSD. We’ve got a small rising wedge with bearish divergence on the RSI heading into that level which is a plus, but at the end of the day the pattern is the pattern is the pattern.

We’ve been on a heater as of late, hopefully we can keep things rolling with the Euro.

Akil Stokes
Chief Currency Analyst at Trade Empowered
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Comment:

With the pattern being technically invalid, now is the perfect time to use the "graceful exit" strategy that we talked about it last nights evening video. If you're allowed to ofcourse

Comment:

We came 10 pips away from hitting our initial target stops are now rolled to breakeven to eliminate all risk. Also here's a video talking about the "Graceful Exit" strategy that i talked about earlier

www.youtube.com/watch?v=3S1wenEN...

Trade closed: target reached:

CHA-CHING!!!! Very good discipline on this one traders. To come that close to getting stopped out, followed by coming that close to targets before bouncing up again. Way to wait it through. Truly a GOOD trade.

Trade closed: target reached:

TGT 2's hit