Bull Bat Harmonic AUDUSD Long (late to the game)
I have had my eye on this forming bullish Bat Harmonic for the past couple of days, but have probably missed the optimal entry.
I shall continue to work my bid at the text book Bat entry level (as if they actually ever get filled on a successful Bat trade), but am keeping my eye on the forming diamond price structure, for further signals that might warrant taking a long trade.
The higher time frame signals suggesting a reversal aren't complete or top grade, but are still suggestive of a bit of a retracement.
I shall continue to work my bid at the text book Bat entry level (as if they actually ever get filled on a successful Bat trade), but am keeping my eye on the forming diamond price structure, for further signals that might warrant taking a long trade.
The higher time frame signals suggesting a reversal aren't complete or top grade, but are still suggestive of a bit of a retracement.
Comment:
Entered Trade on Ping candle down to 76.4% level on Aussie open. The trade quickly netted a 2:1 rr, and then worked it's way back down to my entry level where I left the trade at exact scratch.
For the 2nd time today, taking risky counter trend reversal trades, I have passed up 2:1 profits, and have been left with nothing (or very little).
Must make a note (for the umpteenth time) to try to avoid Counter Trend ideas and/or keep profit objectives tight.
For the 2nd time today, taking risky counter trend reversal trades, I have passed up 2:1 profits, and have been left with nothing (or very little).
Must make a note (for the umpteenth time) to try to avoid Counter Trend ideas and/or keep profit objectives tight.
Trade closed manually
Now looking at 5 min chart for bullish reversal signal