PriceActionTrading
Long

EURUSD LONG @ PATTERN COMPLETION

FX:EURUSD   Euro Fx/U.S. Dollar
227 3 5
H1 PATTERN SPOTTED.
GOOD OPPORTUNITY TO GO LONG AT SUPPORT LEVEL .

PRICE IN A DESCENDING TRIANGLE PATTERN H4.
DESCENDING PATTERN INDICATES PRICE TENSION BEFORE BREAKOUT, ALTHOUGH MANY WOULD DEBATE DESCENDING = BREAK DOWNWARDS.

BUT I SAY CONVENTIONAL THINKING WILL MAKE YOU LOSE MONEY.

D1 FAILED TO CLOSE BELOW 1.1000 ROUND NUMBER ALTHOUGH IT GAPPED BELOW IT TWICE.
SHOWS DEMAND AROUND THIS AREA.

STOPS AND TARGETS AS FOLLOWS.
FOLLOW THE STOP STRICTLY.

H4
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Just a friendly note and not criticizing your efforts but just to let you know that isn't a bat. Bat B points are between .382-50%. That B point you chosen closes even beyond the 0.618. I also wish it were because I'm looking for a market reversal sometime soon....just trying to be helpful.......

Also, if you want to know more about Bat patterns, one of the members here, Alexander_Nikitin, is a master at bat patterns. He published a series of posts here detailing everything you might want to know about bats and more. Akil Stokes, aka "Bat-man" is also very knowledgeable about bats. Look them up if you need to....
Illustration to "Thoughts... Part III" and "Thoughts... Part IV"
+1 Reply
PriceActionTrading EverythingForex
2 years ago
Yes i would understand. No problems. well its falling like a knife now.
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PERFECT AGGRESSIVE LONG OPPORTUNITY PRESENT NOW, FOR THOSE WHO HAVE FOLLOWED ME AND PROFITED ALONG THE WAY.
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