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EURAUD Bearish Bat Pattern Potential Short Opportunity

Update: Long Trade reached the target 80 pips

EURAUD Bearish Bat Pattern Potential Short Opportunity

Published 03-16-2018

CHART TIMEFRAME: H1

PATTERN: BEARISH BAT

PREDICTED PRICE ACTION: Resistance @ 1.57800-1.58000 is broken. Targets of the pair are  1.58500 and 1.58900. Bearish Bat  would be completed at D 1.58920. Retracement towards Fibo 38.2 and 61.80.

TRADE: SHORT

AREA OF ENTRY: 1.58900 – 1.59200

STOP LOSS: 1.59900

TAKE PROFIT 1: 1.58500

TAKE PROFIT 2: 1.58000

TAKE PROFIT 3: 1.57450

NOTE: Wait for the price meets the area of entry and makes H1 closing.

FOR THE TRADERS WHO WANT TO TAKE THE LONG TRADE BEFORE SHORT

TRADE: LONG

AREA OF ENTRY:  1.58100

STOP LOSS: 1.57600

TAKE PROFIT 1: 1.58900 UPDATE: TARGET REACHED 80 PIPS

IMPORTANT: Patience and Money Management are key to success in trading.  Your risk ( Stop Loss ) must be maximum 1%.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.

 

 

 

CHARTREADERPRO INTRADAY SIGNALS
EURAUD Bearish Bat:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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