TomHall

EUR/USD - Bullish Bat Pattern

FX:EURUSD   Euro Fx/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 .

Website.
http://www.UKForexSignals.com

Learn To Trade The Bat Pattern .
How 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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EU UP OR DOWN PLS RESPOND I AM FOREX TRADER HOPING
+2 Reply
TomHall TOP Gekko.uk
This pattern along with other confluence would indicate a bullish move, however stick to your strategy and trading plan.
+2 Reply
UP
+1 Reply
Gekko.uk morshedul.sazid
DOWN
+2 Reply
Fieldgate Gekko.uk
EUR is potentially setting up long on a whole host of pairs currently.
watchin and a waitin....
+1 Reply
TomHall TOP Fieldgate
Keep up the good work
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jarads Gekko.uk
If the nature of your comments are similar to this, please stop trading immediately...Please LEARN first! Do you really expect to make money without doing the hard yards? Back test, forward test, trade small lots, get a plan and stick to it. Damn son, this is worrisome ha ha
+1 Reply
Berny jarads
Please go to trading school again before you insult people which knwo what they are doing. Good luck to your losses
Reply
MaxTesla Gekko.uk
Hope is not a strategy
+1 Reply
up
Reply
snapshot
there is a break out ..so this down movement looks like it confirmation
+1 Reply
We also have bullish RSI divergence on all higher time frames.
+1 Reply
stream TomHall
there are breaks up so that s normal ...
Reply
plus there's wedge so D seems being confirmed.
+2 Reply
I think there are times where we should put more atention to fundamentals rather than technicals, being right now one of those times. Take care if you plan to go long on this pair.
+1 Reply
TomHall TOP yofxtrader
The D leg completion is only a potential reversal zone not an exact entry point. certainly price could make a move lower in the near future
+2 Reply
going down more
+1 Reply
its good to watch consolidation of euro in eurogbp as well... eurogbp made almost 4 bottoms downside.. and holding 0.70 nicely... and euro/usd also made double bottom on 1hr chart... so near term we will see more consolidation... i am expecting more consolidation till Draghi...
+1 Reply
Draghi will shake price action up abit :-)
Reply
snapshot

- Also a cypher.
- 1 H chart there seems to be a double bottom.
- News on monday


Nice chart Tom.
Best of luck.
+2 Reply
TomHall TOP Tijmen_K
You too mate :-)
+1 Reply
Nice setup, thanks!
+1 Reply
TomHall TOP lukeboland
Thank you Luke
Reply
reversal on AB-CD too.
thanks Tom
+2 Reply
TomHall TOP Kadhijah
The best of luck.
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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!)

Bat
XA
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)
+1 Reply
Hi,
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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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
Hi,
As long as you stick to your plan that's all that matters
Reply
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
+1 Reply
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