EURUSD DAILY CHART: Advanced Pattern Formations

FX:EURUSD   Euro / U.S. Dollar
Hope you guys had a great weekend! As promised in my latest video we had a SPECTACULAR Q&A session yesterday with one of the main topics being alternate entries for advanced pattern formations (something that I'm not a fan of at all)

In this particular situation we have TWO potential Advanced Pattern Formations providing you with different levels of risk so there may or may not be a reason to look for that "alternate" reason (depending on your maximum risk rules) ANYWAY, In Green a potential bullish Cypher formation & in BLUE a potential bullish Advanced             Bat Formation .

If you are going to use an alternative entry for this trade make sure you know what your trade is based off of.
Comment: We found a smaller potential bullish Gartley formation on the hourly as well
Trade active: Filled Long the Bullish Gartley at 1.1060 (See related idea link)
Trade active: Filled the Bullish Cypher Long at 1.0993
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Are u considering the A leg being from June 23. Which makes the D completion abit lower? :-)
+1 Reply
Akil_Stokes MartinKirkelundLedet
Sorry Akil, I actually meant the X leg :-)
+1 Reply
Akil_Stokes MartinKirkelundLedet
No problem
Hey Akil does it look like a good valid double bottom/retest on the Bat entry for another reason for entry?
+1 Reply
Double bottom looks okay, just be sure of why you're taking the trade double bottom vs. bat formation
+1 Reply
Kareem Akil_Stokes
Was looking to use the double bottom with divergence as kind of a confirmation to enter the bat as the stop is too big for me to place orders just on the bat itself.
+1 Reply
I got you
+1 Reply
Yea, Akil. Went with this bullish bat. Good risk reward.
+1 Reply
Nice! Best of luck with your trade
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