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Alexander_Nikitin
Feb 20, 2017 4:38 AM

EURAUD bat advanced pattern Short

Euro Fx/Australian DollarFXCM

Description

Hey, mates we have a bat advanced pattern here. Note the previous market behavior - we had a series of higher highs and higher lows. Now the XA leg drops below the previous lower low thus giving us a bearish rotation. This is the exact situation described by Harold M. Gartley on the page 222 of his book "Profit in the stock markets". He describes the probabiltiy of the setup as "worth trying" because 70% accuracy. I attach the screenshot of this trade with entries, stops and targets in comments. Feel free to check it. Have a good day.
Comments
ernstschwarz


you like this?
mosafer
Really Cool
Alexander_Nikitin
Hey, mates. Here's the screenshot I was talking about Pattern Search Software drew the pattern this way: prntscr.com/eay8e9
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