How To Catch A Bullish Bat w/ Tools, Indicators and Strategy
Hello everyone! Thanks for viewing! Underneath are my Quick Notes for the Audio.
Subject: Harmonic Pattern -> Bullish Bat
Example: GBPAUD
Tools Required: Fibonacci Retracement Tool
Point B, C and D must meet specific Fibonacci Ratio levels in order to validate the pattern!
Point B: 38.2% - 61.8% Retracement of Leg XA
Point C: 38.2% - 88.6% Retracement of Leg AB
Point D: 76.8% - 88.6% Retracement of Leg XA
Trade Strategy as Follows:
Long Entry - Completion of Point D
Stop Loss - At or Below Point X ( Low of Pattern )
Take Profit - 2 Options:
Conservative = Take Profit @ 50% of Leg CD
Aggressive = Take Profit @ Point C or Point A
*Bonus Set-Up at end! Be sure to tune in, like and follow for more!
For all things Currency,
Keep It Current,
With Novi Fibonacci
Subject: Harmonic Pattern -> Bullish Bat
Example: GBPAUD
Tools Required: Fibonacci Retracement Tool
Point B, C and D must meet specific Fibonacci Ratio levels in order to validate the pattern!
Point B: 38.2% - 61.8% Retracement of Leg XA
Point C: 38.2% - 88.6% Retracement of Leg AB
Point D: 76.8% - 88.6% Retracement of Leg XA
Trade Strategy as Follows:
Long Entry - Completion of Point D
Stop Loss - At or Below Point X ( Low of Pattern )
Take Profit - 2 Options:
Conservative = Take Profit @ 50% of Leg CD
Aggressive = Take Profit @ Point C or Point A
*Bonus Set-Up at end! Be sure to tune in, like and follow for more!
For all things Currency,
Keep It Current,
With Novi Fibonacci
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.