birchy1981

birchy1981

Here we have an advanced BAT pattern on the 1hr chart of GBPAUD, which nearly hit completion of friday evening. I don't trade solely off advanced patterns - i like to look for other entry reason and build up a score. So in addition, we are at a level of higher time frame previous resistance, have an equal measured move, a 1.618 fib extension, rsi over sold and...

birchy1981

I’ve got a completed Bearish BAT on EURUSD 1hr which has just tested the whole of the PRZ; which is comprised of D completion, AB=CD and a 1.618 BC projection. It is also at a level of previous resistance so may be a good area for a short. Entry: 1.14757 TP 1: 1.14122 TP 2: 1.13725 S/L: 1.15132

birchy1981

I’m not trading EURUSD at the moment as I’m currently back testing this pair, so I’ve used the same stop loss and TP’s that I’d use on the AUDJPY for a BAT pattern. Be interesting to see how this one pans out because so far in my back testing the BAT hasn’t been very profitable (with my entry rules)

birchy1981 Updated 

Potential Bullish butterfly completing @ 81.199. Along with an ABCD, 2.618BC projection and previous S/R levels this gives a PRZ between 81.325 and 81.191. S/L: 80.844 (1.13 extension of whole pattern, gives excellent risk to reward ratio) T/P1: 82.224 T/P2: 82.859

birchy1981

A potential Bullish Gartley is forming on EURCHF 4hr. Fibonacci confluence and previous support and resistance give a PRZ between 1.08343 & 1.08204. I'll be looking for entry reasons below the D completion to give at least a 1:1 risk reward. S/L: 1.07665 T/P1: 1.08930 T/P2: 1.09290

birchy1981 Updated 

Possible Bullish BAT completing @1.40185 Fibonacci confluence and previous S/R Level give a nice PRZ, where i'll be looking for entry reasons. Stop Loss: 1.02396 T/P1: 1.06374 T/P2: 1.07803

birchy1981 Updated 

Previous S/R level @ D Stops: 115.70 TP 1 @ 111.73 TP 2 @ 110.56

birchy1981 Updated 

Looking for bullish entry rules to be met in the area between 1.2861 & 1.2843 where CD leg completes, Fibonacci confluence and previous S/R level . S/L @ 1.2810 T/P1 @ 1.2901 T/P2 @ 1.2934 Potential profit of around 85 pips

birchy1981

Possible short opportunity. Approaching PRZ of a bearish AB=CD pattern. Looking for entry rules to be met between 113.32 & 113.27 S/L @ 113.45 TP @ 112.84 (Previous structure and 38.2 retracement). Not looking for TP2

birchy1981 Updated 

Looking for a small pull back before hopefully eventually rallying to complete larger 4hr Cypher. Pattern completes @ 112.840 S/L @ 113.120 T/P1 @ 112.550 T/P2 @ 112.460