3 Harmonic Pattern on same area and we can also filter them with support and trend line.
If price pass the C legs then do not take this trade, if not then wait for .886 I'll wait for Bat Pattern for more RR.
RSI might be over-sold when price comes the D legs.
So as you see there is a Triangle, what we gonna do with that Triangle?
1) If price breaks the Triangles top and pass to D leg then Patterns invalid do not enter the trade.
2) If price breaks the Triangles bottom then price will reach to Patterns D leg. Then go long.
Last words: Bat pattern has perfect AB=CD Pattern too, support line.
This is a high risky trade but it has 2gud RR. I am trying to develop a strategy. I will take this trade you can take this too if you wish. Remember its risky trade and I'm just starting to test this strategy.
I think it needs to reach at least 0.93800-0.93940.
Price is testing a good support right now, if its breaks that its possible to price fly to the...
So we see Triangle, this triangle is must important thing on this chart. I pinned with arrows where could price go.
1) First target is as you can see green one which is support.
2) If support holds the price that will rise to Triangle top side. If price breaks the Triangle with GOOD volume then go long to the Trend line, when price reachs the Gartleys...
There is also Triangle but I dont think that is gonna work.
Butterfly also has AB=CD. Some people say Gartleys C leg needs to reach atleast .618 some people say it is okay to reach .382, so if you listen .382 supporters there is also Gartley Pattern where we pinned Butterflys D leg. Last words the say RSI is probably going to Over-Sold when price reachs the D...
So let's get started.
We see 2 Gartley Pattern and both Gartley has AB=CD, ALSO blue Gartleys D leg has Crab Pattern D leg too.
And on 1hr chart we see Flags and Triangle broke, but don't mind them because they had go where they needs to go.
I dont see any risk except Support break on Gartley 2. I think Gartley 2 has %70 chance to win.
Let's see what she will do huh?!
Long BAT with good support. It might be anti-trend, 15,240,daily charts has good support but if we look at 1 hour chart there are also good support under our stop-loss. So be carefull when you take this trade, maybe price and banks wants to try these levels.