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X87
Feb 8, 2018 4:33 PM

Bat Pattern Short

U.S. Dollar Currency IndexTVC

Description

I see a Bat pattern, but first we need to break the 90.1 level. Entry after clear bear candle below that level. Follow the purple line. TP1 89.31 or 61.8 fibo retracment for Bat completion, but if following the bear channel even can go back to the 88.6 level or even lower after that double bottom we had been since last week. Be aware thart in the Daily timeframe Stoch RSI is in overbought levels, and RSI is below the 50% ready to continue the bear trend.
Comments
UnknownUnicorn371507
Thoroughly detailed analysis and the price moved along accordingly.
X87
@Solistica, Thanks.
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