.PNG)
A nice Bearish Bat Pattern formed last week trading:
A nice Shorting opportunity with
TP1 at 101.883 (38.2% fib level of A-D) - nice support level from 2 weeks ago price movement)
&
TP2 101.457 (61.8% fib level of AD)
Trade with caution.
DISCLAIMER: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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