Short EURGBP: Crab + Bat + Strong S/R
After a strong rally today, 
EURGBP looks as though it is ready for a pullback. A bearish bat is complete at the same level of the completion of a bearish crab. Stops are placed above strong S/R with targets at the .382 and .618 retracement of CD.
Confluence in the PRZ:
1. Bearish bat pattern completion
2. Bearish crab pattern completion
3. 2.618BA projection
4. 4.618BC projection
5. Strong resistance area
Thanks for viewing and please take a second to click the thumbs up and follow for future updates and more trade ideas!
EURGBP looks as though it is ready for a pullback. A bearish bat is complete at the same level of the completion of a bearish crab. Stops are placed above strong S/R with targets at the .382 and .618 retracement of CD.Confluence in the PRZ:
1. Bearish bat pattern completion
2. Bearish crab pattern completion
3. 2.618BA projection
4. 4.618BC projection
5. Strong resistance area
Thanks for viewing and please take a second to click the thumbs up and follow for future updates and more trade ideas!
Related publications
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.