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
Comments
ChartArt
⋅
If everybody thinks it is a bearish bat pattern, then it won't play out as a bearish bat pattern ... :)
greenplay
⋅
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.
Alt bat?
Wave e going that far might make momentum look off.
But it's still possible.
FullTimeTrader
⋅
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
IvanLabrie
⋅
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.
IvanLabrie
⋅
What's the target for the alt bat?
If it aligns with a low above the trendlines we might have our answer there.
FullTimeTrader
⋅
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.
IvanLabrie
⋅
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