TomHall

EUR/USD - Bat & Gartley Pattern Setup

FX:EURUSD   Euro Fx/U.S. Dollar
2219 26 50
EUR/USD             - 4h Chart - Gartley & Bat Pattern

Light Grey - Gartley Pattern - D leg completion at 1.0818

Dark Grey - Bat Pattern - D leg completion at 1.1366

Price has now broke and closed below the the B leg support level of the Gartley Pattern , this should now act as resistance before a move lower.

Taking a Fibonacci of the C to D leg of both the Gartley and Bat Pattern gives us a .382% Target 1 at structure resistance / support, which is a perfect area to take of half of our position and move stops to break even.

- Stop Loss below / above X
- Target 1 at . 382 Retracement ( Once Target 1 is achieved, half of position taken off and SL moved to break even )
- Target 2 at . 618 Retracement
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MaxLeverage
2 years ago
very nice work
+1 Reply
TomHall TOP MaxLeverage
2 years ago
Thanks very much.
+1 Reply
RCP
2 years ago
Nice setup Tom. Thx for sharing
+1 Reply
TomHall TOP RCP
2 years ago
No problem at all.
Reply
Aha you are the man Tom :)
+1 Reply
TomHall TOP XavierAlexander
2 years ago
Cheers buddie
Reply
fxrandal
2 years ago
I am trying to learn, and am not understanding how price has broken the B leg support level of the Gartley, but is above it at 1.0909 currently?
Reply
TomHall TOP fxrandal
2 years ago
This couldn't be explained fully in just a couple of sentences if you are new to trading advanced patterns.
However below i have outlined some basics.

- Advanced patterns usually form when a correction of the overall trend is taking place and will look like the letter ‘M’ or ‘W' depending on a bullish or bearish pattern.
- Each price correction is broken into 5 letters X,A,B,C,D which must complete for any advanced pattern to be valid.
- Once the C leg has hit we then look for a D leg completion at which point we will look to buy or sell depending if it is a bullish or bearish pattern. Once price has broken the B leg (1.0890) it indicates price is strong, this could signal we will get a D leg completion.

I hope the very basic information above is a little more helpful.
Reply
good work tom
+1 Reply
TomHall TOP RhysWilliamson
2 years ago
Thanks Rhys
Reply
FullTimeTrader
2 years ago
Same view and clean chart. Among many possible harmonic patterns on lower TF this ones are my prefered, especially the bearish bat pattern, i price gets there i will enter short for sure. Regards.
+1 Reply
TomHall TOP FullTimeTrader
2 years ago
Although advanced patterns can be implemented on any time frame, i prefer to monitor only 1h / 4h and Daily charts.
Hopefully we can get long at the Gartley Pattern and ride the gravy train to the D leg Bat Pattern
Reply
Kenyanpiper
2 years ago
to be honest I do not know how these patterns work out. i just like to think prices swing from support to resistance and i try to catch these moves.
+1 Reply
TomHall TOP Kenyanpiper
2 years ago
Advanced patterns have a high probability of success when one uses the correct Fibonacci ratio's.
If a pattern has a deep Fibonacci completion, the D leg can and will on many occasions complete at eather resistance or support.
D leg completion at S or R would add more confluence and give a better risk reward.
Reply
Gambler
2 years ago
Hi Tom! Yesterday, i proposed such a model. Timing I 17.09. for the meeting FED ) Good luck!
Long EURUSD
+1 Reply
TomHall TOP Gambler
2 years ago
Are you long at the C leg or awaiting a D leg completion before getting short?
Reply
Gambler TomHall
2 years ago
I expect D in mid September
Reply
TomHall TOP Gambler
2 years ago
It could certainly be a long wait on the Bat Pattern but better be one step ahead of the market.
+1 Reply
Gambler TomHall
2 years ago
Thanks for the advice, i will take into consideration.
+1 Reply
moneymaking
2 years ago
Hey Tom, I really like your harmonic pattern ideas. Very interesting. Finally found someone who loves trading harmonic patterns. Keep it up mate :)
+1 Reply
TomHall TOP moneymaking
2 years ago
Thanks very much,
I see you also like to trade patterns, The best of luck :-)
Reply
moneymaking TomHall
2 years ago
Hehe, Yes I am true fan of harmonic patterns. Love them :)
+1 Reply
TomHall TOP moneymaking
2 years ago
Keep up the good work!
+1 Reply
moneymaking TomHall
2 years ago
Thank You mate :)
Reply
amyazad
2 years ago
Very Nice tomu .
+1 Reply
TomHall TOP amyazad
2 years ago
Thank you!
Reply
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