FullTimeTrader
Short

EURUSD-trading the triangle-bearish bat

FX:EURUSD   Euro Fx/U.S. Dollar
1253 14 26
Hello friends, im happy because my EURUSD             trade so far is working good.
Im trading a big triangle on D1 chart. Right now im long but im expecting to take profits at this bat completion and then try to short.

The figure 1.145000 gives me more confidence placing the SL above it.

Trade carefully!!

Best regards
mkgone
a year ago
you mean 1.145 :-)
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FullTimeTrader mkgone
a year ago
Yes, sorry for the mistake, i've already corrected it
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Same view.
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IvanLabrie TOP IvanLabrie
a year ago
Alt bat?
Wave e going that far might make momentum look off.
But it's still possible.
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FullTimeTrader IvanLabrie
a year ago
Yes, if we are trading a triangle according to EW the bat is aligning perfectly with the EW rule that wave E cannot go beyond wave C. The end of wave C is the invalidation point so its allow to have a small SL if this setup fails
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IvanLabrie TOP FullTimeTrader
a year ago
Good thinking.
Have you given my alternate count some thought?
This being a B wave triangle of a larger triple three?
Would make the leg up now a D.
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IvanLabrie TOP IvanLabrie
a year ago
What's the target for the alt bat?
If it aligns with a low above the trendlines we might have our answer there.
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FullTimeTrader IvanLabrie
a year ago
I agree, we could have a larger correction, i prefer a double zigzag because the 5-3-5 waves a clearer. If the price breaks the level shown then the triangle will be invalidated and i will try to add more positions.

snapshot
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IvanLabrie TOP FullTimeTrader
a year ago
Yes, that's good too, but the momentum and not strong enough second A 5th wave rally makes me doubt it. I think this is 95% sure a triangle.
Where does it start is my only doubt.
We can go long if we gap down without breaching the lower trendline.
Pretty aggressive entry.
Do you have any other pattern that fits a wave
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FullTimeTrader IvanLabrie
a year ago
i have this alternate count that expects more consolidation, but the triangle is my prefered count and i must stick to i until the price shows the contrary
snapshot
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IvanLabrie TOP FullTimeTrader
a year ago
That's entirely possible too.
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EMIL_GES
a year ago
Don't Fight the Trend. Be a part of GES Forex!

Twitter @GES_Forex
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greenplay
a year ago
I am looking for a good broker to trade Forex who could allow hedging , a great leverage and there should not be any FIFO rule in trade execution. I found out a good broker "TradersWay" and wondering if anyone has experience with this broker. Any input would be appreciated.
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ChartArt
a year ago
If everybody thinks it is a bearish bat pattern, then it won't play out as a bearish bat pattern ... :)

EURUSD: Potential Bearish Bat Pattern


EUR/USD - BAT PATTERN
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