EURUSD 1 HOUR - POTENTIAL BEARISH BAT PATTERN

Here on the $EURUSD we have a potential bearish Bat Pattern setting up. What I love about the bat pattern in comparison to others is that the completion point is closer to the "X" leg which consistently produces a quality risk/reward ratio.

However, in this particular situation, I would advise expanding the stop loss above the sneaky level of previous structure resistance lurking left.

For more discussion on creating rules for flexible stops check out the video I just uploaded walking through this particular setup "Smart Stops for the Bat Pattern"

As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below.

Also feel free to share your opinion on this setup, or other setups that you have on your radar for the EURUSD. The more ideas we can generate the more informative these ideas become for newer traders.

- Akil