Euro / U.S. DollarShort
2018Mar27 EURUSD H4 Bearish Bat
There is a bearish bat seen for EURUSD H4. Price entry is based on a bearish engulfing candlestick (close of 1.24262) which completely consumed the previous 3 candlesticks. The stop loss is placed just above the D point while profit taking is targeted at the 38.2 and 61.8 Fibonacci retracement levels of the AD leg and A point, respectively.
Trade setup: Bearish Bat
Price Entry 1.24262
SL 1.24813 | SL pips 55.1
TP1 1.23536 | TP1 pips 72.6
TP2 1.22779 | TP2 pips 148.3
TP3 1.21552 | TP3 pips 271.0
RRR1 1.32 | RRR2 2.69 | RRR3 4.92
Status/Remarks: TP1, TP2, & TP3 hit! :)
Trade setup: Bearish Bat
Price Entry 1.24262
SL 1.24813 | SL pips 55.1
TP1 1.23536 | TP1 pips 72.6
TP2 1.22779 | TP2 pips 148.3
TP3 1.21552 | TP3 pips 271.0
RRR1 1.32 | RRR2 2.69 | RRR3 4.92
Status/Remarks: TP1, TP2, & TP3 hit! :)
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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.