EURUSD: Perfect bearish bat pattern Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Mar 15, 2017 8:41 PM

Hi traders,

On the EURUSD 4H timeframe we have a potential bearish bat pattern taking shape. Entry and completion will be at point D. Looks like a high probability setup with the Fibonacci confluence.
Entry: 1.08138
Stop: 1.08483
Target: 1.06931 = R:RR 3.50

Good luck traders!

Trade active

⋅ Mar 22, 2017 8:18 PM

Comments

Ahmed_bunah2

⋅ Mar 17, 2017 12:20 PM

It looks like EURUSD missed my entry...

11021992

⋅ Mar 18, 2017 7:28 PM

@bunah2, Yeah same, but we will have to wait and see what price does when the market opens on Monday. Wouldn't be surprised if we went up some more.

johanchong

⋅ Mar 16, 2017 10:57 PM

same, 1.078~1.80 short

MMooijekind

⋅ Mar 17, 2017 10:36 AM

@johanchong, yeah I will keep an eye on that, h&s was complete perfectly, lets see wahts next!

johanchong

⋅ Mar 17, 2017 6:59 PM

@MMooijekind, i agree with your pattern, but it will fall to 1.07 then rise

MMooijekind

⋅ Mar 16, 2017 5:07 PM

that green box will be critical.. maybe the uptrend will continue?

MMooijekind

⋅ Mar 16, 2017 5:06 PM

11021992

⋅ Mar 16, 2017 6:54 PM

@MMooijekind, Looks a lot like what I have in mind :)

johanchong

⋅ Mar 16, 2017 10:58 PM

@MMooijekind, wow got a h&s here!

Monis

⋅ Mar 16, 2017 8:04 AM

there is a cypher ahead of it