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 .

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Learn To Trade The Bat Pattern .
How To Trade The Bat Pattern.
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Gekko.uk
a year ago
EU UP OR DOWN PLS RESPOND I AM FOREX TRADER HOPING
+2 Reply
TomHall TOP Gekko.uk
a year ago
This pattern along with other confluence would indicate a bullish move, however stick to your strategy and trading plan.
+2 Reply
morshedul.sazid Gekko.uk
a year ago
UP
+1 Reply
Gekko.uk morshedul.sazid
a year ago
DOWN
+2 Reply
Fieldgate Gekko.uk
a year ago
EUR is potentially setting up long on a whole host of pairs currently.
watchin and a waitin....
+1 Reply
TomHall TOP Fieldgate
a year ago
Keep up the good work
Reply
jarads Gekko.uk
a year ago
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
a year ago
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
a year ago
Hope is not a strategy
+1 Reply
stream
a year ago
up
Reply
stream
a year ago
snapshot
there is a break out ..so this down movement looks like it confirmation
+1 Reply
TomHall TOP stream
a year ago
We also have bullish RSI divergence on all higher time frames.
+1 Reply
stream TomHall
a year ago
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
a year ago
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
Jahid
a year ago
going down more
+1 Reply
jhakas
a year ago
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
TomHall TOP jhakas
a year ago
Draghi will shake price action up abit :-)
Reply
Tijmen_K
a year ago
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
a year ago
You too mate :-)
+1 Reply
Nice setup, thanks!
+1 Reply
TomHall TOP lukeboland
a year ago
Thank you Luke
Reply
Kadhijah
a year ago
reversal on AB-CD too.
thanks Tom
+2 Reply
TomHall TOP Kadhijah
a year ago
The best of luck.
Reply
jarads
a year ago
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
TomHall TOP jarads
a year ago
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.
+1 Reply
ForexTimes
a year ago
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
a year ago
Hi,
As long as you stick to your plan that's all that matters
Reply
Berny
a year ago
Thank you very much for your analysis it did really well for me today. Please go on like that!!! Thank you
+1 Reply
TomHall TOP Berny
a year ago
Great work, I'm glad it went well
+1 Reply
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