Oztrade
Short

GBPAUD - ADVANCED PATTERNS - 60M - BATS AND GARTLEY

FX:GBPAUD   British Pound/Australian Dollar
111 0 7
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
  • 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

Good luck and happy trading
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