FX:AUDUSD   Australian Dollar/U.S. Dollar
1407 21 25
AUD/USD             - 1h Chart - Bat Pattern

Bat Pattern - D leg completion at 0.7168 - Bearish Pattern

Price has broken above the B leg resistance level and is now making a strong move towards the D leg completion of the Bat Pattern .
As there is no strong resistance level approaching it is more than likely we will get a completion of this Bat Pattern in the coming hours.

Although advanced and harmonic patterns are based purely of price action, we always should be cognizant of the Aussie data which will be released at 02:30 Sep 15 GMT.

Potential targets are placed at the .382% and .618% retracement of the C to D move.
Stop loss has been placed above X leg structure resistance.

www.UKForexSignals.com
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
I'm liking the looks of our trades Tom; hope I wake up to 0.71 tomorrow.
+1 Reply
TomHall TOP asiansupermarket
a year ago
It's heading in the right direction :-)
+1 Reply
asiansupermarket TomHall
a year ago
I just put on my trail, hope it runs further but looks like we might get range bound b4 the fed meeting.
Reply
TomHall TOP asiansupermarket
a year ago
Once target 1 is hit, our stops will be moved to breakeven so we will have to wait and see.
+1 Reply
It just took my stop out on my bearish Cypher pattern, but i got pending orders on this one too, i hope it will contain price and make the reversal we need. Nice chart!
snapshot
Reply
ThomasJeff_DCM PRO ThomasJeff_DCM
a year ago
But someone could argue we already missed the move its heading south without at least me getting filled, i don´t know if you front run your orders, i have a personal rule when this happens, and we are close to target, i remove my order. My data shows again and again when when it reverses and enter our trade it onlt reverse one more time a very low % of times
+1 Reply
EverythingForex PRO ThomasJeff_DCM
a year ago
That cypher wasn't a cypher. It was a shark. If traded it as a shark, it would work out perfectly.
TRADE: AUDUSD: <span data-href="idea-custom-link" data-href-idea-custom-link="mailto:BUY@0.69170" rel="nofollow noopener noreferrer" target="_blank">BUY@0.69170</span> LONG On Shark + Cypher
+1 Reply
TomHall TOP EverythingForex
a year ago
I don't trade the shark, however I do trade the Cypher.
Looking at both the patterns I suppose it would all depend on the D leg completion.
Reply
ThomasJeff_DCM PRO EverythingForex
a year ago
Well you won´t know that yet would you... But it was a perfect Cypher! I Don´t trade sharks so i don´t know the ratios for that.

Kind Regards
Thomas Jeff
Reply
EverythingForex PRO ThomasJeff_DCM
a year ago
Not sure what ratios you are you using to measure your cypher pattern but it did not meet the criteria for the C point for the classic cypher patterns. I wanted that cypher as well and I measured it several times trying to get it myself.so I'm sure it wasn't a cypher. But if you wish to trade the cypher according your own rules, best of luck to you! I'm not arguing with you. Just trying to help those that aren't as so adept at trading harmonics who might be reading this. GL!

Reply
TomHall TOP EverythingForex
a year ago
I would have to agree.
I have just drawn out the pattern and for my rules price surpassed the C leg 1.414 so for me it was then invalid.
As for the shark I don't trade so I am unaware of any of the fib levels.
Reply
TomHall TOP ThomasJeff_DCM
a year ago
It all depends on how price action is approaching the D leg.
I'm not as overly aggressive as some which place limit order's after the B leg break.
If there are strong candles approaching the D leg I will await more confirmation.
Reply
savvyacademy
a year ago
I like your analysis!
+1 Reply
TomHall TOP savvyacademy
a year ago
Thanks very much.
Reply
tst
a year ago
nice trade.
+1 Reply
TomHall TOP tst
a year ago
Thank you :-)
+1 Reply
Trilo
a year ago
Nice ! I was in this one too!! https://www.tradingview.com/chart/AUDUSD/xfqSetxm-A-Very-NICE-setup-AUDUSD/#tc231273
+1 Reply
TomHall TOP Trilo
a year ago
Nice setup!
Reply
RCP
a year ago
Very nice Tom!
+1 Reply
TomHall TOP RCP
a year ago
Thanks very much.
+1 Reply
mkdeep04 TomHall
a year ago
nice tom..http://prntscr.com/8grtjy
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out