Potential Long Trade on EURGBP

FX:EURGBP   Euro Fx/British Pound
192 12 7
Actually We Have:

1- a Valid Bat Battern
2-Support Area (0.7160 : 0.7135)
3-Demand Zone

-If you Look Left ..... you will see that range Area (0.7160 : 0.7135) will resist The price to go higher (22/5 /2015) & (28/5 2015)
-Then Price Broke the whole resistance Area which is Became a good support Area that pushed The Price To go Higher (1/6/2015)
-Price now moveing low to the structure support Area
- we can Aggressively go long from The (D) Complation point of Bat Pattern .... or we can wait until price reaches to The support Area
-Our Stop Will be Below The X point of Bat Pattern and Support Area
-our target will be 0.382 of (CD) Leg .

Be sure to be Ready .....!!
Thanks ..........!!
Both are ok in my opinion :-
- Actually i saw many many pro Trades using harmonics in their Trading style , To me if the (C) leg of any pattern came and did not close above (or below ) the A leg , it is still ( For me Ofcourse ) a Valid pattern , If the C leg Close above (or Below) the A leg .... it for me an invalid Pattern .

I know that Price maybe want to re-test the A Leg (which is Resistance Or Support) Before Reverse , So I preferd higher high higher close ... lower low lower close , It is Just my Opinion .... maybe true maybe not ... We all learned from our Mistakes

Iam Really Enjoing with this Conversation with you ..... thanks a lot
All good, I don't trade breaks of the A point but if they work for you then great.. it's rare to find harmonic trader that use S/D level as well I now know of only 3... you, me and another guy I follow from the UK look forward to seeing more of your setups
FX-Error dionvuletich
You Know Why iam using S/D Zones Dude....!?
Because Iam fed up with watching the price action go higher or lower to the D point of a harmonic pattern ... and then

............. surprise ..............
the Price Reversed Before reached The Reversal D point about 5 pips or 10 pips whatever
I waste 2 months lookeing for anything help me ....
S/D zone are completly Perfect with Harmonics Because D piont 70% of time is in it .. some time above it
you can Go long or Short using These Zones Without waiting price to touch the complation point .because maybe it won't
Stop will be Much higher few pips .... But ....you will catch the reversal rather that waiting for a piont that it won't come
Iam Tried this Thing about 3 months .... And It really Works
Please Watch The Patterns And Wathce some Pattern that Price did't come to the Complation point and began to reverse ..
and you just missed he trade .... then You will use it .... and show the Results
Try to use the S/D Level With Harmonics.... it will be helpful
Thanks man ... and keep it going ....!
In fact .....I drew this Bat Pattern on 4Hour Chart .. there is no close above the high of XA Leg ...
But Because iam Trading in Hourly Chart ... i preferd to publish it on hourly ...
in Hourly Chart ...The (C) leg Closed Above the (A) Leg Almost 1 Pip Higher ....
Then .... Lets watch and see......!!
Thanks Again .....!!
Its nice.. exactly my style of trading might even take it - probably a 4hr setup though the 1hour only highlights the SD level better - nice spotting FX-Error - thank you!
+1 Reply
FX-Error dionvuletich
Thanks a lot Dinov .....
My Trading style Is almost your Trading Style .... Classical With harmonics is very Effective
I Saw Your ideas .... you See the Charts and read it like me ..
Finally ... We are Learning From Each other ......
Let's Keep going ... !!
posted audcad trade just now 4hr setup
dionvuletich dionvuletich
which is the timeframe I trade - works for me because I I don't spend much time in front of platform
FX-Error dionvuletich
4Hr is the Best for Trading signals
In This Bat ... The (C) Point Did not close Above the A Point ... which is make our battern a valid pattern .... that's my view ....!!
Thanks For your comment ......!!
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