GBPAUD - ADVANCED PATTERNS - 60M - BATS AND GARTLEY
Hi All, I wanted to share this potential opportunity here on GBPAUD - I am currently long on my second position on the orange Bullish Bat Pattern. Target one was hit pretty fast, Last night when I checked I only had a short time to enter the trade and not enough time to publish it because we were already near the D entry. Sorry for the clutter I hate too much clutter on screen but I didnt want to publish 4 different charts
As we can see here we have 2 larger patterns formed - Bearish Bat which has been on the radar for a few days, and now we see the Bearish Gartley,
there is also a smaller Bearish Bat Pattern in White. I wont publish the entry stops and targets, but it is simple if you follow the BAT Rules, 88.6% entry from the X leg to the A leg fib retrace.
I will also enter the smaller white Bearish BAT - see how we go as always price can only do 3 things - go up down or sideways
On screen color coded
Bear Bat Pink
Gartley Blue
Good luck and happy trading
As we can see here we have 2 larger patterns formed - Bearish Bat which has been on the radar for a few days, and now we see the Bearish Gartley,
there is also a smaller Bearish Bat Pattern in White. I wont publish the entry stops and targets, but it is simple if you follow the BAT Rules, 88.6% entry from the X leg to the A leg fib retrace.
I will also enter the smaller white Bearish BAT - see how we go as always price can only do 3 things - go up down or sideways
On screen color coded
Bear Bat Pink
- Entry 88.6%
- Minimum Stops above X Leg @ 1.113% Fib Ext
- Initial Targets to be adjusted on D completion - TP1 38.2% From A to D Leg - Fib Retrace - TP1 61.8% From A to D Leg - Fib Retrace
Gartley Blue
- Entry Between 78.6% Retrace from X to A and Fib Extension from 1.272% to B leg - I have made entry at the 1.272% being so close to 88.6% giving us a better reversal signal area.
- Min Stops above X @ 1.113% Fib Extension
- Targets Same as BAT Pattern
Good luck and happy trading