AUDCAD 4HR BAT PATTERN - RADAR TIME 2 MORE UP OR DOWN
Hi Traders, just posting this Advanced Pattern forming. In the lower time frames price action is moving sideways hopefully we get some sort of movement, if we break to the downside possibilities for this advanced pattern.
We also have some previous structure just below the 88.6% level which should act as support
If we fall below X, well, we would look to be stopped out.
If price continues upwards past our A leg then this pattern becomes invalid.
Entries Stops and Targets on screen, keep in mind our targets are moved when we have a D completion. Unless you trade more targets and choose structure for targets. And stops are moved to break even if we hit entry and then retrace back to our TP1
Could be a great opportunity for a long position if price falls, on the higher time frame Daily we have formed XABC Leg for a BIG BAT - I would suggest a 3 target trade on this one and see if we actually go upwards for the BIG Bat entry.
Please also don't take my trades unless these are within your rules, portfolio, currency pair, time frame.
Enjoy and happy trading ;)
We also have some previous structure just below the 88.6% level which should act as support
If we fall below X, well, we would look to be stopped out.
If price continues upwards past our A leg then this pattern becomes invalid.
Entries Stops and Targets on screen, keep in mind our targets are moved when we have a D completion. Unless you trade more targets and choose structure for targets. And stops are moved to break even if we hit entry and then retrace back to our TP1
Could be a great opportunity for a long position if price falls, on the higher time frame Daily we have formed XABC Leg for a BIG BAT - I would suggest a 3 target trade on this one and see if we actually go upwards for the BIG Bat entry.
Please also don't take my trades unless these are within your rules, portfolio, currency pair, time frame.
Enjoy and happy trading ;)
Comment:
Just published the larger BAT and why it could be a very profitable trade opportunity.
Comment:
Pattern is now invalid. C Leg has been violated.
Comment:
A Leg - my bad