bmck1
Long

Potential Bullish Bat on the EURUSD (H1)

FX:EURUSD   Euro / U.S. Dollar
156 views
0
156 3
With the way the market is currently moving on this pair, it looks like we have the potential for a bullish Bat pattern to form with a D completion/entry point right down close to the 1.1600 even level. This market has been in consolidation for a little while and we know that consolidation is great for these type of Fib ratio patterns.

Should we push down to re-test that 1.1600 flat level, I will be looking to get involved if we hit the D completion point aiming for the standard traditional targets for this pattern. For now there is nothing to do but wait and see if the market moves closer to the levels needed for this pattern entry.
Bat Pattern now invalid, but if we continue lower from here we could be looking at a deeper Gartley. Will update if/when we get closer.
Reply
if you look at ichimoku cloud you will prefer a entry above 1.167 levels
Reply
bmck1 Btcshiksha
@Btcshiksha, not too familiar with ichimoku but interesting to have another side of the coin :) thanks!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out