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EURCHF Bearish Bat Pattern And Short Opportunity

Update: TP2 Reached 70 Pips. We close 50% of our positions and move Sl to entry.

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

Accuracy: %82

Recommended Lot Size: 0.07 @ 10 K Account with 1:100 Leverage

Trade: Short

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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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

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.

 

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