Short

EUR.USD - BEARISH BAT SETUP - 1.0623

Updated

On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Bat setup.

The price reversal zone on this pair is between 1.0623 & 1.0630
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.0580
Stop loss would be placed above X leg structure resistance .

Target 1 - 1.0600
Target 2 - 1.0587

Note

D leg complete at 1.0623
Potential shorting opportunity.

Note

If you entered at 1.0623 your target 1 should be attained.

Note

5 EASY STEPS TO TRADE THE BAT SETUP

Note

If you didn't hit target the first time, there is a second opportunity to do so.

Note

Target 1 once again attained if you missed out on the first opportunity.

Note

If you entered at 1.0623 your target 2 should be attained.

Note

If you entered at 1.0623 your extended target should now be attained.

Note

4hr Chart Analysis from 24th Feb

Note

Long term outlook.

Note

A minor pullback is now expected before price continuing to the upside to retest 1.0600

UnknownUnicorn180388

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.