AUDUSD Bat pattern complition
After our first gartley pattern failed we anticipated that a posible bat pattern would form, now the pattern just completed.
this is also a high prob trade it goes with trend direction, the "D" leg of the pattern ends exactly at a major structure level ( resistance turning support ) and showing RSI Over sold with Divergence.
As I always say a failed pattern is NOT a bad pattern or a bad trade, it is just a trade that wasnt a winner, CONSISTANCE IS KEY if we get involved with high prob trades like this one, we will end up positive. remember this is a long term journey las month I had 8 consicutive losses but becouse of my 2 on 1 Risk Reward I was able to be positive las month. I risk 1% and shot for a 2% reward, so we don't need to be right everytrade.
this is also a high prob trade it goes with trend direction, the "D" leg of the pattern ends exactly at a major structure level ( resistance turning support ) and showing RSI Over sold with Divergence.
As I always say a failed pattern is NOT a bad pattern or a bad trade, it is just a trade that wasnt a winner, CONSISTANCE IS KEY if we get involved with high prob trades like this one, we will end up positive. remember this is a long term journey las month I had 8 consicutive losses but becouse of my 2 on 1 Risk Reward I was able to be positive las month. I risk 1% and shot for a 2% reward, so we don't need to be right everytrade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.