A bearish bat pattern is almost complete in one hour chart, it provides a potential reversal level from 1.18430 to 1.18180. Because we can see the market is in a downtrend in the larger timeframes, so this selling signal is a follow trend trade. I will wait for the market to give me confirmational signals which are near the potential reversal level, then I will decide should I short the market. Notice if the market gives me any signals about the bullish trendline that has been broken, it will be a good confirmational signal for me to make the decision.
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