Roker1
Short

Bat Pattern on EURGBP

FX:EURGBP   Euro / Britisches Pfund
Hi guys,

this is a simple harmonic pattern that's unfolding on the 4hr chart on EURGBP             . It's going to complete right at a daily structure. I'm going to sell the market at the D point, in expectation of a reversal down to 0.8820 level. Stops above X, targets as shown.

If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Trade ist aktiv
Trade geschlossen: Ziel wurde erreicht: First target hit! Stops moved with Fib:
Trade geschlossen: Ziel wurde erreicht: Second target hit!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
I have a question do you enter with limit orders ? Or do you wait for price action confirm? Thanks
+1 Antworten
Roker1 mfawadjoe
@mfawadjoe, in this case i places a limit order, but it depends on the setup
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@Roker1, can these patterns be entered like a normal support and resistance trade without limit orders to get better riskreward?
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Roker1 mfawadjoe
@mfawadjoe, you should backtest that! I don't know how it will work that way
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Nice
+1 Antworten
Roker1 chrisi1995
@chrisi1995, thanks!
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I like this setup :) good luck with a trade !
+1 Antworten
Roker1 skywalkeris90
@skywalkeris90, thank you!
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