Fxprotrader
Short

EURUSD Pending Bearish Bat Pattern At Key Level

FX:EURUSD   Euro / 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
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?
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out