Fxprotrader
Short

EURUSD Pending Bearish Bat Pattern At Key Level

FX:EURUSD   Euro Fx/U.S. Dollar
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..!
Trade active
Trade closed: target reached: First trade, a successful one. Move your stoploss to BE at second position for a risk free trade
Comment: Second position was stopped at BE
yup my order's triggered hoping fo da best now
Reply
very accurate order trigger!
Reply
Fxprotrader lkthomas
Yes as soon as we got filled it bounced ;)
Reply
lkthomas Fxprotrader
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?
Reply
Fxprotrader lkthomas
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
Reply
lkthomas Fxprotrader
I mean, which book did you read to understand how this drawing works?
Reply
Fxprotrader lkthomas
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
Reply
hatzitesla Fxprotrader
best signal...worst advice :P
Reply
Fxprotrader hatzitesla
What do you mean?
Reply
hatzitesla Fxprotrader
dont get me wrong but i dont think hiring a mentor is a good idea...did you hire a mentor?
Reply
Hats off for this one! Very precious I should say!
Reply
Fxprotrader MetalCruisers
Thank you ;)
Reply
MetalCruisers Fxprotrader
I believe Second Target will be met.
Reply
Fxprotrader MetalCruisers
We still wait or the first one
Reply
great idea
+2 Reply
Fxprotrader syedarfat
Thank you :)
Reply
wonderful!!
Reply
Fxprotrader guti142008
Thank you :)
Reply
Clean!
Reply
You nailed another one. Great trade
Reply
Thanks :)
Reply
I caught this too! Nice trade
Reply
Fxprotrader SmartTradingFX
Thank you :)
Reply
Perfect set-up. (y)
Reply
Fxprotrader HungCocaFX
Thank you
Reply
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.
Reply
Fxprotrader FX_Twist
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.. :)
Reply
FX_Twist Fxprotrader
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 // ®
Reply
Fxprotrader FX_Twist
I only use gartley, bat and cypher. This plan has some mistakes.. I will sent you the ratios of the pattern i use.
Reply
FX_Twist Fxprotrader
thank you dude.
Reply
Fxprotrader FX_Twist
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.
Reply
Fxprotrader Fxprotrader
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.
Reply
Fxprotrader Fxprotrader
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
Reply
Fxprotrader Fxprotrader
Stoploss below X (i place it at 1.130 of XA) and profit targets based on structure.I hope this helps
Reply
FX_Twist Fxprotrader
thanks alot buddy.
Reply
FX_Twist Fxprotrader
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
Reply
peterfx PRO Fxprotrader
Could you send to me too please, FXPro?
Reply
Ideas Scripts Chart
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