KVE
Short

AUD/USD: Short with butterfly or bat...

FX:AUDUSD   Australian Dollar / U.S. Dollar
315 7 13
Looking to short if the butterfly completes around the down trendline .
Sell order with tight SL or better yet, wait for confirmation...

If it breaks the trendline then we might be on the way to complete a bearish bat at a higher level...
Comment: Cancelling the butterfly setup, since the timeframe is off now.
Possible short opportunity at 61.8% and trendline confluence, but only after confirmation.

Bat is still valid
Comment: Updated idea on the bat (+ short at trendline still possible...):
Order cancelled: Bat fell short, reversed sharply at 0.786, which is Gartley PRZ... (0.558B was of course close to 0.6181 also), will keep this in mind for future setups.
Agree...
snapshot
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KVE PCTradeKop
Nice!
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I'm seeing the same with this pair.

Is a bat pattern a Gartley?

i know gartleys inside out
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KVE TPittard
Gartley is typically 0.618 B and 0.786 D, bat is 0.38-0.50 B and 0.886 D mainly, BC projection adds to the PRZ.
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I've only been using Gartley's and Wolf Waves, but Bat patterns seem much more common.

I've been using my patterns with an S/R confluence and have been having some fantastic results.

What are you using for your news? I'm Currently using CNBC
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KVE TPittard
Hi, I use WBP online as a news calendar, just to make sure I don't enter a short-term trade before any major news is coming out which could spike me out of a trade...

For higher TF trades (4H, daily) I don't look at news at all, I only rely on technical analysis.
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KVE TPittard
It actually reversed at Gartley PRZ (0.558B was of course close to 0.6181 also), will keep this in mind for future setups!
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