morshedul.sazid
Long

EURGBP BULLISH BAT ( structure + Ema)

FX:EURGBP   Euro Fx/British Pound
If price action drops to 0.76013 we will have this bullish bat pattern completed. So putting my buy limit orders now. Hopefully it will be finned by today. I am expecting a reversal to 0.76606 and 0.76966 next.
Trade active
Comment:
snapshot

Will also Take the Revenge Cypher.
Trade closed: stop reached: Part of the game.
Trade active: Cypher Pattern
Comment:
snapshot

So Cypher has been activated after the Bat loss, we have lost 42 pips in that trade, if we have 42 pips in the Cypher then exit the trade. 0.7613 is the TP level.
What stop limit would you recommend for a small account on this graph?
+1 Reply
morshedul.sazid BogdanBratu
Hey! The stop loss is always 1.13 of XA, I have already showed it in the chart :). Its 0.75591 )
+2 Reply
BogdanBratu morshedul.sazid
Thank you! I have just started trading, so still getting used with the mechanics.
+1 Reply
morshedul.sazid BogdanBratu
Always do analysis on your own! :) practice in demo account then please do hit the live :). Good luck!
+2 Reply
Thank you very much sir, really good one!!
+1 Reply
Trade with care mate! Welcome
+3 Reply
Really goob job!! Thank you for the information !!
+1 Reply
morshedul.sazid JorgeCodinha
You are most welcome :)
+2 Reply
Very nice looking bat pattern
+2 Reply
morshedul.sazid Akil_Stokes
Thank you very much Akil! :)
+2 Reply
Akil_Stokes PRO morshedul.sazid
No problem, do you combine your ema's at all with your patterns or are they more for overall analysis purposes?
+1 Reply
morshedul.sazid Akil_Stokes
Suppose I have a bullish Bat pattern, I try to take it if the X to A leg is above the Ema and vice versa for bearish Pattern and try to see whether there is any structure around the completion area. :).
+2 Reply
Akil_Stokes PRO morshedul.sazid
Gotcha, thanks for the answer!
+2 Reply
morshedul.sazid Akil_Stokes
You are most welcome Akil! :))
Thanks for viewing :)
+1 Reply
HP Akil_Stokes
Morshedul - appreciate if you think this pattern is valid on H4 - thank you
+1 Reply
Well, All my patterns are from hourly chart. I do not look at 240 mins often. But yes it is valid.
Reply
HP morshedul.sazid
Thanks - appreciate it
+1 Reply
HP HP
EURGBP
+1 Reply
Fair enough!
+1 Reply
Trade active! Good luck all ! Sir you still think the reversal will appeal?
+1 Reply
Lets see what happens :)
Reply
Very nice looking bat pattern
+1 Reply
morshedul.sazid rajenderam40
Hopefully it will be a good one! Fingers crossed!
+2 Reply
Thanks

I have this as a crab with the D leg 1.618 extension @ .74823, also the level of the lower trend line.



snapshot
+1 Reply
Thanks for sharing )
+1 Reply
It reached the SL line and should i keep going on?
Reply
The stop loss is 1.13 Fibb of X to A leg. It has shown on the chart marked in Red fibb level.0.75591 so it has still got some breathing room.
+1 Reply
Friday's are a real ball breaker. I also got stopped
+1 Reply
Probably Will Shoot down more!
+1 Reply
what should we do now ?? buy ? to what ? man
+1 Reply
morshedul.sazid Robenbianof
snapshot

You can take it if you want :) Or leave it and wait for the next trade :)
+2 Reply
Robenbianof morshedul.sazid
okay i leave it . i don't want to risk
+1 Reply
morshedul.sazid ViorelSmintanca-Strugariu
snapshot

You can take it if you want :) Or leave it and wait for the next trade :)
+1 Reply
Thanks, i'm on long now
+1 Reply
morshedul.sazid ms1234863333
lets see what happens!
+2 Reply
ms1234863333 morshedul.sazid
any tp changes?
Reply
morshedul.sazid ms1234863333
0.76419 38.2
0.76842 61.8
+2 Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out