Description: We have two bearish harmonic patterns on H4 chart timeframe sending bearish retracement signals. The Bearish White Swan would be completed at 0.89200 and The Bearish Bat has almost been completed at 0.88900. If the patterns work as anticipated, the first target will be 0.88550. The ascending trendline must be broken in order to see the bearish continuation.
Trade Period: Midterm Trading
Pair / Instrument: EURGBP
Time Frame: H4
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bullish
Trade Based On: Bearish Bat and Bearish White Swan Harmonic Patterns
Accuracy: %91 ( Bearish Bat ) 88% Bearish Swan
Recommended Lot Size: 0.05@ 10 K Account with 1:100 Leverage
Trade: Short
The Area Of The Entry: 0.88900 Bearish Bat – 0.89180 Bearish Swan
Stop Loss: Above 0.89500
Continue Reading: http://chartreaderpro.com/eurgbp-bearish-bat-white-swan-formation/
