ForexForensic
Short

Potential Bearish Bat Set-Up

FX:EURUSD   Euro / U.S. Dollar
139 2 7
Wait for the price to complete the D leg of the formation. Then short and take profit at your Fib line of choice.
Price action in the opposite direction of or beyond point D will invalidate the idea.
Good luck!
Comment:
don't rely on bats... you're just forcing a bat every time it goes out of it.
Reply
ForexForensic failchicken
@failchicken, Thanks for the reaction.
Note that this bat has just formed, this is just an observation, no trading signal whatsoever!
Reply
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