Are Bearish Bats flying into EURUSD?

25. Nov. 2016

There is a nice Bullish Bat harmonic formation forming up in EURUSD that could be supported by today´s US PMI numbers. If we hit 1.0620 I would go for small short position to 1.0560.

25. Nov. 2016

Trade ist aktiv

We had a touch on 1.0614 where I closed my small long that started on 1.05877. For more agresive entry we can enter short at 1.0614 or wait until US PMI news where price should be around 1.0620.

25. Nov. 2016

Anmerkung

After negative trade balance data we have EURUSD raising back to area of 1.06 to 1.0620 where I expect reversal on US PMI data and even though we broke out of 4h channel I expect this small reversal back to 1.0550 area.

25. Nov. 2016

Trade ist aktiv

Second trade from the end of D wave of the bat formation is active now. Awaiting US PMI data.

28. Nov. 2016

Trade geschlossen: Stop wurde erreicht

Stop was triggerred on 1.0630 level above D.