Price reached a 4 Hours Order Block and it has completed a GARTLEY Harmonic Pattern that shows potential reversal.
BAT PATTERN - USING THE XABCD TOOL:
X - The highest point
A - the lowest point
XB - 0.382 - 0.618 Fib ratio
AC - 0.382 - 0.886 Fib ratio
XD - 0.886 Fib ratio
BD - 1.618 - 2.618
Once D is completed , we look for a potential trend reversal.
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% FIB LEVELS
STOP LOSS
above the X point (add the spread) or above the 4H Order Block
TARGETS
TP1 - 61.8 level of Fib extension
TP2 - 32.8 level of Fib extension
Both TP align with order blocks
#SMARTMONEY
#EURCHF
#INSTITUTIONALLEVELS
#GARTLEY PATTERN
#HARMONIC PATTERNS
BAT PATTERN - USING THE XABCD TOOL:
X - The highest point
A - the lowest point
XB - 0.382 - 0.618 Fib ratio
AC - 0.382 - 0.886 Fib ratio
XD - 0.886 Fib ratio
BD - 1.618 - 2.618
Once D is completed , we look for a potential trend reversal.
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% FIB LEVELS
STOP LOSS
above the X point (add the spread) or above the 4H Order Block
TARGETS
TP1 - 61.8 level of Fib extension
TP2 - 32.8 level of Fib extension
Both TP align with order blocks
#SMARTMONEY
#EURCHF
#INSTITUTIONALLEVELS
#GARTLEY PATTERN
#HARMONIC PATTERNS