I also posted the large Bat Patterns one being and one being - I posted these on Friday 9th and hopefully we can see price head towards these large patterns. I think if you move this chart around you will see the patterns I mentioned.
Anyway back to these patterns.
As always try to keep it simple with color coding.
Red for Minimum Stops - Second stop to be moved to break even when target 1 is obtained. Break Even is your initial entry level and keep in mind put it maybe 2 pips beyond the entry just so you cover any commission or spread.
Green is Entry Level - which is just below the 78.6% for and just above the 88.6% for this Bat - just so we know we get filled on our orders.
is Pink or Purple
Bat is Orange
Targets are color coded to each pattern color
Initial Targets 38.2% and 61.8% - these need to be adjusted after we have D completion.
targets are with Fibonacci Retrace from the A leg to the D Leg - 38.2% T1 and 61.8% T2
Targets are with Fibonacci Retrace from the C to D leg - 38.2% T1 and 61.8% T2
With the drop in the USD index with interest rates we should see AUDUSD and NZDUSD upwards and USD pairs down which should see this Bat more likely
Also other pairs should increase against the USD
Good luck and happy trading
If you require anything that does not make sense just reply to this thread/post