I’ve got a completed Bearish BAT on EURUSD 1hr which has just tested the whole of the PRZ; which is comprised of D completion, AB=CD and a 1.618 BC projection.
It is also at a level of previous resistance so may be a good area for a short.
TP 1: 1.14122
TP 2: 1.13725
I’m not trading EURUSD at the moment as I’m currently back testing this pair, so I’ve used the same stop loss and TP’s that I’d use on the AUDJPY for a BAT pattern. Be interesting to see how this one pans out because so far in my back testing the BAT hasn’t been very profitable (with my entry rules)
A potential Bullish Gartley is forming on EURCHF 4hr.
Fibonacci confluence and previous support and resistance give a PRZ between 1.08343 & 1.08204.
I'll be looking for entry reasons below the D completion to give at least a 1:1 risk reward.
Potential Bullish butterfly completing @ 81.199.
Along with an ABCD, 2.618BC projection and previous S/R levels this gives a PRZ between 81.325 and 81.191.
S/L: 80.844 (1.13 extension of whole pattern, gives excellent risk to reward ratio)
Looking for bullish entry rules to be met in the area between 1.2861 & 1.2843 where CD leg completes, Fibonacci confluence and previous S/R level .
S/L @ 1.2810
T/P1 @ 1.2901
T/P2 @ 1.2934
Potential profit of around 85 pips
Possible short opportunity. Approaching PRZ of a bearish AB=CD pattern.
Looking for entry rules to be met between 113.32 & 113.27
S/L @ 113.45
TP @ 112.84 (Previous structure and 38.2 retracement).
Not looking for TP2