Fxprotrader
Short

EURUSD Pending Bearish Bat Pattern At Key Level

FX:EURUSD   Euro Fx/U.S. Dollar
5 months ago
Yesterday i posted a EURUSD             chart analyzing what i expect in the market in the long run (link below). But when we wait a main setup to complete, we still may have short term opportunities, like this one. I have identified a pending bearish pattern with it's D point completing at the upper parallel of a valid median line set. If it completes it will be a nice trade with great risk reward ratio.

Like and follow for updates..!
5 months ago
Trade active
5 months ago
Trade closed: target reached: First trade, a successful one. Move your stoploss to BE at second position for a risk free trade
5 months ago
Comment: Second position was stopped at BE
Shy
5 months ago
yup my order's triggered hoping fo da best now
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lkthomas
5 months ago
very accurate order trigger!
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Fxprotrader PRO lkthomas
5 months ago
Yes as soon as we got filled it bounced ;)
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lkthomas Fxprotrader
5 months ago
I know this kind of butterflies setup could be tricky, which reading material or books are you using to get this precise forecast? also, does entry point accurate everytime on your side or just hit and miss?
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Fxprotrader PRO lkthomas
5 months ago
This is not a butterfly, this is a bat.. To me is a wave pattern with a deep correction..! Sorry i don't understand your second question
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lkthomas Fxprotrader
5 months ago
I mean, which book did you read to understand how this drawing works?
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Fxprotrader PRO lkthomas
5 months ago
Books and articles will only give you an idea how a system works.. I basically spent a lot of time in the charts before realise how structure unfolds. The best thing you can do to learn is hire a mentor to teach you
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hatzitesla PRO Fxprotrader
5 months ago
best signal...worst advice :P
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Fxprotrader PRO hatzitesla
5 months ago
What do you mean?
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hatzitesla PRO Fxprotrader
5 months ago
dont get me wrong but i dont think hiring a mentor is a good idea...did you hire a mentor?
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TPparadigma
5 months ago
Hats off for this one! Very precious I should say!
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Fxprotrader PRO TPparadigma
5 months ago
Thank you ;)
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TPparadigma Fxprotrader
5 months ago
I believe Second Target will be met.
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Fxprotrader PRO TPparadigma
5 months ago
We still wait or the first one
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syedarfat
5 months ago
great idea
+2 Reply
Fxprotrader PRO syedarfat
5 months ago
Thank you :)
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guti142008 PRO
5 months ago
wonderful!!
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Fxprotrader PRO guti142008
5 months ago
Thank you :)
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xtraderfx PRO
5 months ago
Clean!
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nahidik PRO
5 months ago
You nailed another one. Great trade
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Fxprotrader PRO nahidik
5 months ago
Thanks :)
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SmartTradingFX
5 months ago
I caught this too! Nice trade
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Fxprotrader PRO SmartTradingFX
5 months ago
Thank you :)
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HungCocaFX
5 months ago
Perfect set-up. (y)
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Fxprotrader PRO HungCocaFX
5 months ago
Thank you
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FX_Twist
5 months ago
Hi FXprotrader, can you give me your pattern ratios you using? Like all ratios for every pattern, cypher,shark, butterfly,crab,bat. I have been struggling lately with doing research, and different sources use quite different ratios than others.
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Fxprotrader PRO FX_Twist
5 months ago
It's not my ratios which work.. The patterns have specific rules you should follow.. Very soon i will launch my website and there you may find the harmonics i trade.. :)
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FX_Twist Fxprotrader
5 months ago
I know that mate, but for example some sources say cypher pattern's AB leg can be from 0.382-0.618% retracement, then i see some sources which state that only 0.382-0.5% retracements are used. And these things confuse me. I have been struggling to find the exact right rules for some patterns. Can you maybe take a quick look and check how these ratios line up? Are they correct?
Harmonic Patterns Ratios  2016 // ®
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Fxprotrader PRO FX_Twist
5 months ago
I only use gartley, bat and cypher. This plan has some mistakes.. I will sent you the ratios of the pattern i use.
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FX_Twist Fxprotrader
5 months ago
thank you dude.
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Fxprotrader PRO FX_Twist
5 months ago
Gartley: B must touch 0.618 of XA and must not touch 0.786. C must touch 0.382 of AB and must not exceed A point. D completes at 0.786 of XA and must touch the 1.27 extention of BC.
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Fxprotrader PRO Fxprotrader
5 months ago
Bat: B must touch 0.50 of XA and must not touch 0.618. C must touch 0.382 of AB and must not exceed A point. D completes at 0.886 of XA and must touch the 1.618 extention of BC.
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Fxprotrader PRO Fxprotrader
5 months ago
Cypher: B must touch 0.382 of XA and must not touch 0.618. C must touch 1.27 of XA and must not touch the 1.414 extention of XA. D completes at 0.786 of XC
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Fxprotrader PRO Fxprotrader
5 months ago
Stoploss below X (i place it at 1.130 of XA) and profit targets based on structure.I hope this helps
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FX_Twist Fxprotrader
5 months ago
thanks alot buddy.
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FX_Twist Fxprotrader
5 months ago
What about cypher, bat?

I found that cpyher: B: atleast 38.20 (can't touch 61.80), C=atleast 127.2 extension of AB (cant close above/below 1.41.4), D=78.60 retracement.

Bat: B point=38.20-50% (cant touch 61.80) but some use only 50%, c point=38.20-78.60 (candle close above/below 88.60 and can't extend A, D=88.60 XA
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peterfx PRO Fxprotrader
5 months ago
Could you send to me too please, FXPro?
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