EURUSD, Daily, Bearish Bat

This Bat pattern on the Daily TF I have been watching for some time now. It might push abit higher than 88,6% but with T-bar in place and indicators (Using Ninjatrader HT Pro platform with HSI, Amp RSI and RSI Bamm) up there at the extreme levels I just like to see PA to stall and turn or directly turn, wich is to expect from a type 1 reaction. From the Type 1 I have an expected target of 1,0854 where half of my position will go auto. Then it´s just a matter of tight management on the other position.


Henrik Siverhall
Harmonic Trader Europe
Twitter: @Henrik_HTEU

Comment:

A little update on this one.
The Bat pattern has triggered, but so has also a Deep Crab and a Shark at the levels just above Bat completion.

Alot of convergence at that level and with the Shark pattern we are looking for a move down to ~1,0806 (50% of Shark) where PRZ for a 5-0 pattern begins.

i.imgur.com/i5Wlb21.png

Henrik Siverhall
Harmonic Trader Europe