Good call, considering the bull channel that we are in i would have stops around 1.9900 level structure highs. The AB=CD has had consecutive bull bars. But hey i like your Reward to Risk ratio on this Bear Bat. Stick to your trading plan and you will come up on top.
Goodluck! The only thing that concerns me a little is why you took that particular X leg. Also in a pattern, the AB=CD move should be measured from point A, not from point C. Hence the X.. ABCD. But the timing to go short could be right.
Thanks , i know what you mean, the only reason i took that x of bat from that resistance and the A was the last touch of lower trendline in black dashed line,
Also Miko there is a pin bar (4th from last - this was the main reason why i got into trade)