Just on a pattern hype today!
This bad boy is bouncing off a daily trend line and has very good ratios.
I'm a bit dubious about it because I'm very bearish on this pair at the minute and that is a very strong leg down but it is perfectly placed.
Was just drawing some trend lines when this bad boy popped up!
Lots of confluence.
Going to wait for the 1H candle close and if it remains bearish I'll ride the leg down to the completion of the pattern
I'm short now but long if it completes.
A quick trade to start the week.
Took it because price is making lower highs and following the 4H trend nice little ABCD and then spotted the BAT for added confirmation.
Risky trade as price is struggling at the 1.1155 point
If pattern completes I'll be going long depend on price action at the PRZ
We have divergence confirming the retrace.
ABCD under way and the 38.2 Fib and support have confluence which matches up with the momentum of the leg and heading towards a bearish BAT completion.
I'll be going LONG at B and then looking to sell and D completion of the BAT
I'm clearly very new to this so please do ...