EUR.USD - Bullish Bat Setup - 1.0642

6 févr. 2017

On the EUR.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between 1.0642 & 1.0619
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 A to D move.
There is also an opportunity to look for extended targets at 1.0790
Stop loss would be placed below X leg structure support.

Target 1 - 1.0713
Target 2 - 1.0756

6 févr. 2017

Note

A strong break and close below 1.0730 should indicate a push lower over the next couple of days.

6 févr. 2017

Note

How to trade the Bat setup.

6 févr. 2017

Note

EUR.USD is one of the EUR pairs on my watchlist to short on London open.

6 févr. 2017

Note

A break and retest has occurred at 1.0748 adding to the head and shoulders formation.

7 févr. 2017

Note

Buy limit orders could be set if it meets your rules to do so.

8 févr. 2017

Note

D leg complete at 1.0642

8 févr. 2017

Note

If you entered the market at 1.0642 your target 1 should now be attained.

10 févr. 2017

Note

Price has pulled back to the D leg completion, if it meets your rules to do so then there is an opportunity to look long.