EUR/USD forms bearish BAT pattern, good to sell on rallies Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 29, 2015 7:10 AM

Harmonic Pattern formed: Bearish BAT Pattern

Potential reversal Zone (PRZ)- 1.12750

EUR/USD has made a high of 1.12812 today and is currently trading at 1.12680 level.

Overall trend is still weak as long as resistance 1.13300 holds. Any break above would extend gains till 1.1370/1.14365.

The intraday major resistance is around 1.12960 (24th Sep high).

On the downside major support 1.1235 any break below targets 1.11780/1.1150 levels.

The minor supports are 1.1250.

It is good to sell on rallies around 1.12850-90 with SL around 1.1340 for the Tp of 1.1205/1.1160

Comments

RealforexsignalsDworldforum

⋅ Sep 30, 2015 8:17 AM

1.10 it will come today ????

RealforexsignalsDworldforum

⋅ Sep 30, 2015 8:16 AM

pipshunters

⋅ Sep 29, 2015 3:18 PM

Thanks for sharing :)

jcurmar

⋅ Sep 29, 2015 2:29 PM

Thank you, that was great

Razvan

⋅ Sep 29, 2015 1:06 PM

great call!

candlelight

⋅ Sep 29, 2015 12:45 PM

Perfect Idea. Thanks it was a good trade ;-)

markaria

⋅ Sep 29, 2015 7:48 AM

thank you

unitra

⋅ Sep 29, 2015 7:13 AM

thank... great chart

DragosPaduraru

⋅ Sep 29, 2015 7:15 AM

i an short at 1.1290 always entering on the s min spikes, my cotation can be different i trade chicago futures 6E

DragosPaduraru

⋅ Sep 29, 2015 7:11 AM

just now we have a small double top on the 5 min chart, potential signaling a reverse