EUR/USD - Bullish Bat Pattern

FX:EURUSD   Euro / U.S. Dollar
On the EUR/USD             Daily chart we have a potential long opportunity at the D leg completion of a Bat Pattern .

The price reversal zone is between 1.0566 & 1.0470 which is large on this pair as we are trading the daily time frame.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support .


Learn To Trade The Bat Pattern .
Comment: Another Daily position posted 1 year ago that would of considerably increased your account.
Long entry at 1.0566 current price at 1.1310
I am now expecting a break below the 1.1200 handle
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Thank you very much for your analysis it did really well for me today. Please go on like that!!! Thank you
+1 Reply
Great work, I'm glad it went well
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Hi Tom, although not fond of harmonics, your view on eurusd corresponds to what I've been expecting. I think we'll see a correction back into 1.10 before bear market reasserts itself
+1 Reply
TomHall TOP ForexTimes
As long as you stick to your plan that's all that matters
Hey TomHall,

Thanks for the pattern. I've been doing a lot of research regarding the harmonic patterns, and I am yet to find a consistant method for spotting them. Can you link a source or resource for your fib retracements and extensions?

I was under the understanding that the Bat Pattern would need the following criteria (but I am more than happy to be shown otherwise!)

AB 0.382 or 0.5 retracement of XA
BC 0.382 or 0.886 retracement of AB
CD 1.618 (if 0.382) or 2.618 (if 0.886)
(Note: D point confluence with 0.886 of XA)
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If you scroll above it will say in the description "Learn To Trade The Bat Pattern" If you click on the photo below it will give you all the information you need.
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reversal on AB-CD too.
thanks Tom
+2 Reply
TomHall TOP Kadhijah
The best of luck.
Nice setup, thanks!
+1 Reply
TomHall TOP lukeboland
Thank you Luke
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