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Roker1
Jun 27, 2017 1:51 PM

Bat Pattern near D point! Short

British Pound/U.S. DollarFXCM

Description

Hey guys,
here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and then wait for an additional confirmation to sell.
I'm taking the Bat, with stops above X, and targets as usual.

If you have questions or ideas, feel free to write below.
Otherwise, see you in the next chart!

Trade active

Comments
bluem00n
Fingers crossed for this. I've been waiting for this reversal.
Roker1
@BlueMoon77, hope so!
ScottCripps
Is the dark green the second TP? if so, which is more likely and the one I should choose? thanks in advance, good spot! :)
Roker1
@ScottCripps, i trade advanced patterns with two positions, from my backtesting results this way is the best
Vijithan_W
Thanks Roker1 , on my list . You analyse made me more confident Please keep update your ASAP .Thanks
Roker1
@jayaruba3010, thanks! Just entered!
Pokemon_King
@Roker1, it seems this Bat hasn't got enough downside energy lol
Roker1
@Pokemon_King, it doesn't need to happen in 1 hour, keep calm!
FIBSII
Great find Rocker1, I'll be keeping an eye on it myself too!
Roker1
@FIBSII, great!
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