Short EURUSD: Bat + S/R + Divergence + Overbought + Weekly Pivot

22 дек. 2015 г.

EURUSD is nearing the PRZ of a bearish bat in a significant area of S/R. MACD is also printing divergence in addition to RSI being overbought. A missed weekly pivot sits below price and is confluent with a larger .5 retracement. Entry is placed at the bottom of the PRZ with a SL above 1.13XA and targets at .618CD and the missed weekly pivot.

Confluence in the PRZ:

• Bearish bat pattern completion
  
• 2.5AB=CD
  
• 2.618BC projection
  
• S/R Zone
  
• RSI Overbought
  
• Bearish MACD Divergence
  
• Missed weekly pivot below price
  

22 дек. 2015 г.

Заметка

Thank you to Jhakas who pointed out the 20 week EMA! It is confluent with the PRZ and may add to the resistance in this area:

22 дек. 2015 г.

Сделка активна

Trade Active: Short EURUSD at 1.09665

22 дек. 2015 г.

Сделка закрыта вручную

Trade closed manually due to Bullish close above PRZ/EMA. Will look for possible re-entry later.

22 дек. 2015 г.

Сделка закрыта вручную

Wrong chart:

22 дек. 2015 г.

Сделка активна

Active again manually, entry at 1.09675. Same SL and TP.

23 дек. 2015 г.

Заметка

Beautiful drop! Half profit taken, +90 pips! SL moved to B/E for second half.

27 дек. 2015 г.

Заметка

Trade is still active, 2 more bearish bats have completed on shorter TF's.

4 янв. 2016 г.

Сделка закрыта: достигнута тейк-профит цена

Traders who held - T2 Achieved: +174 Pips