EURCHF Bearish Bat Pattern And Short Opportunity
Description: We have closed one short position and keeping our main midterm long position. Chartreaderpro finds a Bearish Bat pattern on the H4 Chart timeframe. We look for a bearish correction opportunity between Fibonacci 78.6 and Fibonacci 88.6 of the XA leg.
Pair / Instrument: EURCHF
Time Frame: H4
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Neutral
Trade Based On: Bearish Bat Harmonic Pattern
Recommended Lot Size: 0.07 @ 10 K Account with 1:100 Leverage
The Area Of The Entry: 1.14850 – 1.15000
Stop Loss: Above X 1.15600
Target 1: 1.14500
Target 2: 1.14170
Target 3: 1.34900
What to Pay Attention:
You can follow the idea: EURCHF Bearish Bat
Update: TP2 Reached 70 Pips. We close 50% of our positions and move Sl to entry.
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
EURCHF Bearish Bat Pattern : 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.