$EURGBP Good Odds for a possible Bearish Bat..

FX:EURGBP   歐元 / 英鎊
58 3
Might be looking at a Bearish Bat forming at this stage.. Just speculation..
評論: The scenario is playing out..
評論: Approaching Channel's upper Trendline..
I opened short from 0.84765 with SL 0.85128 (above the resistance on previous high).
If you don't mind me asking, where did you place your stop and what is your target TP?
@AEFX786, this formation if correct will be targeting the 0.87’s with invalidation below 0.8420 or 0.8380’s, point C.. At this stage just pointing out the possibility of the formation, nothing suggesting will develop.. If $EURUSD extends back or above the 1.10’s highs and $GBPUSD remains under pressure below 1.29’s then odds will start to grow in favor.. Keep an eye at that descending trendline from the point B peak around 0.8490’s, if it breaks let the stop get triggered cause a bullish Gartley will be getting validated from the A point..
AEFX786 Dalietos
@Dalietos, Thank you for the information :)
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