Fxprotrader

EURGBP: Bearish Bat Pattern Completion

Short
FX:EURGBP   Euro / Livre Sterling
Price has completed a bearish bat pattern with RSI being overbought and with a bearish divergence in present. For those who trade harmonics according to their rules, you may now enter with a sell, aiming for the 0.382 and 0.618 fib levels of AD wave. Stoploss should be placed above X point. I will personally wait for a median line setup which is close to complete. In either case this pattern has great potential to deliver good profits.
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