Zeheart
Short

Potential Forming Bearish Harmonic Bat Pattern

FX:EURJPY   Euro Fx/Japanese Yen
316 16 4
Waiting for price to move up to complete the pattern and wait for Price action signal to short.

Point D is just an illustration, price may not fall and reverse exactly at that point. Potential PRZ is located around Yellow Box.
R6B8 PRO
2 years ago
Looking for same setup, Targeting 131
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Zeheart R6B8
2 years ago
131? expecting huge fall?? =)
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R6B8 PRO Zeheart
2 years ago
That is the pattern I work with, besides last month print a engulf candle, so this pullback is a normal bounce. Will look around 1141-142 to sell
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dojitrader
2 years ago
So, if I understand your thinking . . .
You're actually looking for a double top for your entry
and just using the bat pattern to bolster your idea
that a short is the trade to make ?
Otherwise, what is the point of the pattern if
you don't enter at point D ?
Thanks for your thoughts !!!
And, lots of pips in your pocket in 2014 ~~~
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tntsunrise TOP dojitrader
2 years ago
I will enter at D, stop above X
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Zeheart tntsunrise
2 years ago
Make sense as well.. so long u put SL above point X, that will be save..
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Zeheart dojitrader
2 years ago
Hello... basically the pattern has not completely form for the time being therefore I dare not to say that it will definetly will reverse at that point.. previously I do encounter some cases, where the Bat Pattern formed, but it doesn't really reverse at 0.886 instead it move higher and create a false break to the previous resistance level..

I wasnt really good in explanation.. hope u can get what i meant.. =)

Wish you lots of pips in 2014 as well!!!
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tntsunrise TOP Zeheart
2 years ago
I understand what you are saying. I will have multiple orders into that PRZ.
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Zeheart tntsunrise
2 years ago
Nice... lets hope for a nice profit for this one!
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tntsunrise TOP Zeheart
2 years ago
hey bro. help me look at aud nzd. i feel it will fall again
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Zeheart tntsunrise
2 years ago
sure thing.. give me a moment =)
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Zeheart tntsunrise
2 years ago
snapshot


It seems to be there is a potential to form either Crab or Bat Pattern base on 4H chart..

What you think>?
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tntsunrise TOP Zeheart
2 years ago
wat I feel is the break of the early structure that confirm the trend changed. and it will test 1.06 area
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Zeheart tntsunrise
2 years ago
we shall see.. guess its to early now... so long it doesnt close back above the previous that should be alright.. lets just wait and see =)
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tntsunrise TOP Zeheart
2 years ago
yeah! good luck! more pips!
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hakoneg
2 years ago
This was a good idea, but I feel better to take the posison when the CD leg has reached 100% of AB leg
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