This is my adaptation on a Bat harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern,currently there is an inverted hammer but to ensure it is a positive reversal i will wait till the close of next candle then i will enter the trade. The current Risk:Reward is acceptable as i believe that it should hit the Take Profit target one at least thus i will be aiming for target one as it is the safer option. I have set the TP below the expected level to ensure it does not fall short by a few pips. The Stop loss is slightly below the D point if/when it is completed.
Comment:
D point is still bearish, i need it to push bearish a little more otherwise a trade cannot take place if the reversal happens at the current level
Comment:
It has reached another level so looking for a reversal
Trade active:
Candles moved very close to a reversal level, a reversal candle was present (Large Bullish). Trade entered at 0.68936 looking to TP at 0.69409