KVE
Short

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

FX:AUDUSD   Australian Dollar/U.S. Dollar
315 7 13
7 months ago
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...
7 months ago
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
7 months ago
Comment: Updated idea on the bat (+ short at trendline still possible...):
AUD/USD: Updated idea, bearish bat...
7 months ago
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.
TPittard
7 months ago
I'm seeing the same with this pair.

Is a bat pattern a Gartley?

i know gartleys inside out
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KVE PRO TPittard
7 months ago
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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TPittard KVE
7 months ago
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 PRO TPittard
7 months ago
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 PRO TPittard
7 months ago
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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PCTradeKop
7 months ago
Agree...
snapshot
Reply
KVE PRO PCTradeKop
7 months ago
Nice!
Reply
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