Nico.Muselle

EURUSD - another 2618 leading into bat pattern completion ?

FX:EURUSD   Euro/U.S. Dollar
2564 45 33
Continuing on my previous post on this pair, (which is still valid and can be found here :
EURUSD - classic 2618 trade
, we saw a retracement of price action to the upside, a double top , and a smaller 2618 setup. This pair seems to like the 2618 setups doesn't it ?

Anyway, this means I am short again on this pair and now looking for the potential bullish bat pattern to complete.

PS: The chart is just zoomed in from the previous post so apologies for the clutter.
Check out our Trading Wisdom T-shirt collection on http://unicornllama.com
Whether you are a day trader, swing trader or position trader. If you trade stocks, options, forex or crypto, every trader should be able to identify with our exclusive designs.
This Is another 2618 Trade? but EUR Going to space
Reply
HiTech PRO ersoytoptas
looks like it was a stop loss hunting
EURUSD -  THE START OF DECLINE
Reply
Ive had a bad run of cyphers this week and a few other pattern failing to complete, one pattern by one pip. Gotta stick to the rules though right.
Reply
The cypher did not complete and I also had a not so good week till now ... we completed a gartley now (see above) and I'm trading that down ... let's see where it will take us :)
Indeed, we have to stick to the plan that has proven to be working ... If you don't feel comfortable with it, the thing you can do is temporarily trade smaller position sizes until you regain confidence that the plan is working.
+2 Reply
I am in this trade with stops above 1.085. I guess this is also where your stops are, considering that is a proven resistance zone?
Cheers!
Reply
Well the Cypher did not complete but we had a Gartley instead completing around 1.085, now retracing. If you are still in the trade you can hold on to it ...
snapshot
Reply
hodoman Nico.Muselle
Yea, I'm still holding it. I also see a potential PRZ a little above 1.09. If that also doesn't hold, I will probably close it.
snapshot
Reply
Another view of this pair... Will focus on 78.6%-88.6% (either Bat or Cypher) of XA...
snapshot
+1 Reply
This one looks yummy as well, good catch, I will definitely keep an eye on it !
Reply
@Nico_Muselle , Does this mean the pair won't break 1.0523 and go to target 2 @ 1.03779 ? Will it finish at 1.05566 and retrace back to 1.0837 ?
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out