EUR/GBP - Bullish Bat

OANDA:EURGBP   Euro / British Pound
Hello traders, here we have EUR/GBP with a bearish bat pattern on the 4h chart.

Excellent opportunity with almost 1:3 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

As you can see from the chart below price is trading within a horizontal channel.

I'm expecting a reversal just above the main support level .

Don't forget to add me on social media for more trading inspiration!
Comment: We're now approaching the potential reversal zone and this is what I see happening.

📈 Master the Art and Science of Trading: https://www.sixfigurecapital.com

📘 Download the Harmonic Mastery Ebook (Free): https://www.sixfigurecapital.com/harmonic-trading-ebook


Is the BAMM trigger active and tradable for this one? What do you think mate ^
+1 Reply
LewisGlasgow amilajayawi
@amilajayawi, it was valid but I missed the trigger on this one, going to wait for the full pattern to develop before entering.
amilajayawi LewisGlasgow
@LewisGlasgow, Entering mid stream would be a bad idea.. :D I thought so too. Thanks mate
LewisGlasgow amilajayawi
@amilajayawi, end up getting caught in a trap ;) speak to you soon mate.
amilajayawi LewisGlasgow
@LewisGlasgow, see ya ! ^
take profit?
@aaqei, the big green box on the chart, 0.86550.
@aaqei, think to loss mate.... this in not good strategy
hey man do u have interest to discuss the position management on pyramid strategy? i just found the traditional pyramid strat will get knocked out most of time due to unexpected pull back and safety management of positions. im not sure if my strat is new .
@Calamity, the pyramid strategy only works in certain types of markets, getting in and out of a trade sounds a lot easier than it actually is.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out