BAT PATTERN opportunity to sell

OANDA:AUDJPY   Australian Dollar / Japanese Yen
BAT PATTERN (DICRETIONARY)-allows a little more leeniance with the shape of the pattern

XA D point retracement must have 0.886 in the potential reversal zone
B point retracement can be either 0.382 or 0.50
C point retracement 0.382 to 0.886
B to C projection minimum 1.618 ideally 1.618 or 2.0 but can be 2.24 or 2.618
AB=CD ideally 1.27(most common) but can be 1.00 or 1.618 (drawn using fib extention tool from A to B to C)

number should converge close togeather to create a potential reversal zone area

TARGET not drawn on

Fib retracement from extreme points of the pattern and the first target can be either 0.382 or 0.50 or any other fib retracement ideally you want a shorter one to catch a quick profict out the market like 0.382

then set the second take profit at either 0.618 or 0.786 or another thats at your discretion

Comment: ''look to sell even''
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out