TomHall
Long

EUR/USD - Daily Bat Pattern

FX:EURUSD   Euro Fx/U.S. Dollar
2206 10 41
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 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.
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Learn To Trade The Bat Pattern .
How To Trade The Bat Pattern.
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MaxLeverage
a year ago
very nice, i have 1.063 as a major support level as well. Goodluck.
+1 Reply
TomHall TOP MaxLeverage
a year ago
Thanks mate, you too.
+1 Reply
Neill
a year ago
Hi Tom,

Thank you for your insights.

About a month ago you posted some explanations of how to trade the Bat, Gartley and Cypher patterns (these were some of the simplist and therefore BEST explanations I have seen).

These drawings inspired me to learn these patterns, it is my intention to start with the Cypher pattern on a 4 hour chart of the GBPUSD, next week and to start back testing the last 5 years, then trading this pair whilst moving onto the EURUSD etc. (any advise you can give as to this process, would be greatly appreciated)

I am having a small problem though, and I hope you are able to assist me - I cannot find a source for the following information :

How do I identify the impulse leg i.e. the XA leg?

What constitutes a perfect impulse leg?

What is critical in an impulse leg?

Is there any other information I need, but am either, too ignorant or naive to ask?

Your assistance will be greatly appreciated.

Kind Regards

Neill
neill@finichicoffee.com
(South Africa)

Reply
TomHall TOP Neill
a year ago
Hi Neill,

Thank you for the positive feedback.
I will be putting out a video on impulse legs and other components to trade the Gartley, Bat and Cypher patterns, once complete I will send it across to you.
Reply
Neill TomHall
a year ago
Hi Tom, thank you, I am really looking forward to your video
Reply
georgianp
a year ago
Hi Tom,nice my point D is in 1,06000,what you think?
+1 Reply
TomHall TOP georgianp
a year ago
It is certainly possible.
The price reversal zone can be anywhere from 1.0622 to 1.0466, which is a large PRZ zone but it must be taken into account the Daily time frame.
Reply
pyramids_Forex
a year ago
D leg completion of a Butterfly also (:
snapshot
+1 Reply
TomHall TOP pyramids_Forex
a year ago
I don't trade Butterfly patterns, but it is always nice to see extra confluence :-)
Reply
pyramids_Forex TomHall
a year ago
Like you I don't trade any patterns that leg D longer than leg XA so I can put my SL 10 pips under or above X point
Reply
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