Roker1
Short

Advanced Pattern on EURUSD

FX:EURUSD   Euro / U.S. Dollar
Hi guys,

very simple setup. On EURUSD we've recently created a double top on the daily chart and price has broken to the downside, giving us reason to believe it's headed lower ( RSI divergence is also supporting that). Although the price has increased very rapidly over the last hours, i'm still incline to sell this market and i've also found a valid entry point, that is the D point of the Bat pattern that's on the lower timeframe (4H and 1H). Sold at the D point, with stops above X and targets as shown on the chart.

If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
Comment: Targets moved with Fibonacci. New targets:
Trade closed: target reached: First target hit!
Trade closed: target reached: Second target hit!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Thank you
+1 Reply
@thasw, you're welcome!
Reply
Great analysis. Spot on.... thanks
+1 Reply
Roker1 khansalarehsan
@khansalarehsan, thanks!
Reply
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