evrsf

The Perfect Bullish Bat Pattern on EURUSD...!!!

Long
FX:EURUSD   Euro / U.S. Dollar
  • The mid-point "B" has retraced 50% of leg XA.
  • Either the Alternate 2AC=CD at 1.16791, or 1.618 AB=AC
  • The 0.886 "D" point retracement of XA leg as defined at 1.17108 is the starting of the PRZ to enter a long position after the Terminal Bar is verified.


The range of the PRZ is 300 pips starting from 1.17108 to 1.16791. The TERMINAL BAR of this pattern will then be defined for the accurate reversal.
Trade closed manually: Price action following the PRZ indicated the dominant trend was in full force. You would have closed out in the 1.17500 area.

Comments

Wow it bounced , ha ha
+1 Reply
evrsf ShreeKrishna
@ShreeKrishna, Indeed it did. I hope you were watching your price action :)
Reply
perfect reversal
+1 Reply
evrsf jjthomas94
@jjthomas94, thank you :)
Reply
where I fix TP.. any suggestions..?
Reply
evrsf Aswin_Vr
@Aswin_Vr, 0.382% and or 0.618% of Fib Retracement from your terminal bar/PRZ would be your targets, were the pattern validated.
Reply
kinnari Prajapati is right ,your analysis is awesome...Thanks for her recommending u r really ...👌
Reply
evrsf gujaran
@gujaran, I'm not sure why she would recommend when i'm still learning but that's nice :)
Reply
gujaran evrsf
@evrsf, coz she herself is a good analyst so probably she can read your talent better....and probably shes right...u r real good...keep it up dear.:-)
Reply
evrsf gujaran
@gujaran, I'll keep trying, thank you for this...
Reply
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