Euro / British PoundShort
2018Oct29 EURGBP H4 Bearish Bat
EURGBP has been on a recent uptrend and completed a bearish bat. Price is near diagonal resistances and being rejected at the potential reversal zone. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:
Trade Setup: Bearish Bat
Price Entry 0.88961
SL 0.89228 | SL pips 26.7
TP1 0.88300 | TP1 pips 66.1
RRR1 2.48
Trade Setup: Bearish Bat
Price Entry 0.88961
SL 0.89228 | SL pips 26.7
TP1 0.88300 | TP1 pips 66.1
RRR1 2.48
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.