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FX_Twist
Aug 2, 2016 10:42 AM

[D] Bat into gartley harmonics. Back to back patterns! 

Euro Fx/U.S. DollarFXCM

Description

This is a longer term trade!
Bat pattern will complete at 1.1367 (88.60% XA retracement, near AB 161.80% extension), but it can can't exceed past X point (1.1423). If we see comfirmation for sell (rsi divergence/overbought), then it might be a good selling place. I didn't draw support/resistance in this picture, but there are also major resistance.
Gartley pattern's C point could be located near Bat completion point, around 61.80% retracement (1.1343). Gartley pattern will still be valid even if it extends past 1.1343, but it can't exceed past A point(1.1618).

Comment

Soon we will see.
Comments
KhunHunSein
nice chart
good mate
FX_Twist
Thank's mate =]
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