EURGBP Bearish Bat and White Swan Formation

in harmonicpatterns •  6 years ago 

Description: We have two bearish harmonic patterns on H4 chart timeframe sending bearish retracement signals. The Bearish White Swan would be completed at 0.89200 and The Bearish Bat has almost been completed at 0.88900. If the patterns work as anticipated, the first target will be 0.88550. The ascending trendline must be broken in order to see the bearish continuation.

Trade Period: Midterm Trading

Pair / Instrument: EURGBP

Time Frame: H4

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bullish

Trade Based On: Bearish Bat and Bearish White Swan Harmonic Patterns

Accuracy: %91 ( Bearish Bat ) 88% Bearish Swan

Recommended Lot Size: 0.05@ 10 K Account with 1:100 Leverage

Trade: Short

The Area Of The Entry: 0.88900 Bearish Bat – 0.89180 Bearish Swan

Stop Loss: Above 0.89500

Continue Reading: http://chartreaderpro.com/eurgbp-bearish-bat-white-swan-formation/

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