I am tracking a dual-layered structure.
First, a clean AB=CD corrective wave is moving back into the Fibonacci "sweet spot." More importantly, this move seems to be the final setup for a Bat pattern completion.
The Goal: The ultimate target for this structure is the 0.93000 psychological handle. I am standing aside and waiting for price to reach this terminal point before seeking confirmation near the D zone first.
However price could trend upwards and ignore the structure since a trend reversal is close with a Lower low into Higher Low switch.
I like to stay disciplined when you have a nested harmonic structure meeting a major whole-number resistance, the potential for a high probability reversal.
This is for educational and research purposes only and does not constitute investment advice.
#EURCHF #HarmonicTrading #BatPattern #TechnicalAnalysis #PriceAction
First, a clean AB=CD corrective wave is moving back into the Fibonacci "sweet spot." More importantly, this move seems to be the final setup for a Bat pattern completion.
The Goal: The ultimate target for this structure is the 0.93000 psychological handle. I am standing aside and waiting for price to reach this terminal point before seeking confirmation near the D zone first.
However price could trend upwards and ignore the structure since a trend reversal is close with a Lower low into Higher Low switch.
I like to stay disciplined when you have a nested harmonic structure meeting a major whole-number resistance, the potential for a high probability reversal.
This is for educational and research purposes only and does not constitute investment advice.
#EURCHF #HarmonicTrading #BatPattern #TechnicalAnalysis #PriceAction
Trade active
This structure left a confrimation at 0.93000 psychological handle where the signal expected.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.