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

Diupdate
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
Catatan
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:
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Trade aktif
Trade Active: Short EURUSD at 1.09665
Trading ditutup secara manual
Trade closed manually due to Bullish close above PRZ/EMA. Will look for possible re-entry later.
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Trading ditutup secara manual
Wrong chart:
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Trade aktif
Active again manually, entry at 1.09675. Same SL and TP.
Catatan
Beautiful drop! Half profit taken, +90 pips! SL moved to B/E for second half.
Catatan
EURUSD Short: 3 Bats Align in Tight PRZ at TL Resistance

Trade is still active, 2 more bearish bats have completed on shorter TF's.
Trading ditutup: target tercapai
Traders who held - T2 Achieved: +174 Pips
BatBearish BatconfluenceeuroEURUSDMoving Average Convergence / Divergence (MACD)macdivergencemissedpivotmissedpivotspivotPivot PointsPRZrsi_overboughtrsioverboughtWeekly PivotsZ_R

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