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

2015年12月22日

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
  

2015年12月22日

注释

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:

2015年12月22日

交易开始

Trade Active: Short EURUSD at 1.09665

2015年12月22日

交易手动结束

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

2015年12月22日

交易手动结束

Wrong chart:

2015年12月22日

交易开始

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

2015年12月23日

注释

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

2015年12月27日

注释

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

2016年1月4日

交易结束：到达目标

Traders who held - T2 Achieved: +174 Pips