Hey traders,
Today we have a cool opportunity, we have a BAT harmonic pattern lining up with some minor support. What's key to look at is how price is making lower lows with lower closes giving a higher indication of a bearish trend. Price has continued to follow trend behavior by breaking new structure lows, coming back up to re-test and then continuation to the downside.
We can put this together along with our Bat pattern completing in this kill zone, We have a great trading opportunity to short the market when IF it comes back up to that level. Stops Above X and targets down at the 38.2/61.8
Like always if you have any questions, comment below, follow us on social media !
Daniel Garnier - Founder of The Alcove Fx
www.thealcovefx.com
Follow us on Instagram: @thealcovefx
Follow us on Periscope: @thealcovefx
Follow us on Youtube: www.youtube.com/chan...UTRjA4YqOQdu_MAY1afg
Today we have a cool opportunity, we have a BAT harmonic pattern lining up with some minor support. What's key to look at is how price is making lower lows with lower closes giving a higher indication of a bearish trend. Price has continued to follow trend behavior by breaking new structure lows, coming back up to re-test and then continuation to the downside.
We can put this together along with our Bat pattern completing in this kill zone, We have a great trading opportunity to short the market when IF it comes back up to that level. Stops Above X and targets down at the 38.2/61.8
Like always if you have any questions, comment below, follow us on social media !
Daniel Garnier - Founder of The Alcove Fx
www.thealcovefx.com
Follow us on Instagram: @thealcovefx
Follow us on Periscope: @thealcovefx
Follow us on Youtube: www.youtube.com/chan...UTRjA4YqOQdu_MAY1afg