On the EUR.AUD 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4787 & 1.4880 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move. There is also an opportunity to look for extended targets at around 1.4192 Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4512 Target 2 - 1.4346
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EUR.AUD bat setup still valid for a potential short opportunity.
Here I am 20 years old grinding day and night to try to build my knowledge of trading. Took my dad 1 year to figure out Gartley pattern. It took me 30 min to learn Gartley, Cypher, and Bat pattern because of how well you explained it. Now it's my favorite! Thank you Tom!
UnknownUnicorn180388
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@blissfleming, That's great to hear and I'm glad it has been beneficial :-)
Hope you have a great 2017 with your new knowledge.