Phenlx
Long

Kind of a bullish BAT on H4

FX:GBPAUD   British Pound/Australian Dollar
43 6 2
although having an extended B leg I will try to ride this BAT.

make your own analysis before trading
MarcinAKD
2 years ago
why BAT? when B is far beyond 0.500 FR? Look left, 1.929 on H4 is standing out top, which is in the zone of 1.272 XA extended retracement. This could suggest Butterfly if the price drops. As for the Bat pattern possibility, I am curious if this will get to 0.886 and revert from that area. B point is too suspicious for me to take it as a Bat. But 0.886 area could be AB=CD reversal area.
Good luck :)
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Phenlx MarcinAKD
2 years ago
I am calling it a BAT with a extended B leg because of the reason that I did not find any other description.
You are right from your point of view it also could be a Butterfly. Let´s see.
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MarcinAKD Phenlx
2 years ago
Or AB=CD
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Phenlx MarcinAKD
2 years ago
AB=CD is always being a part of a Butterlfy, Bat or a Garley.... the only difference is if its a equal or an alternating AB=CD
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MarcinAKD Phenlx
2 years ago
I ment equal
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it is defenitely a Gartley
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