URAUD – Bullish BAT Harmonic Pattern Formed 🟢🦇
✅ Pattern Overview:
Pattern Type: Bullish BAT Harmonic
Status: Completed or nearing completion at PRZ (Potential Reversal Zone)
Timeframe: Typically visible on 1H / 4H / Daily
Bias: Bullish Reversal Expected from PRZ
🧩 Harmonic Breakdown:
XA: Strong bullish leg
AB: Retraces 38.2–50% of XA
BC: Retraces 38.2–88.6% of AB
CD: Extends to 88.6% of XA
→ Pattern completes at D, where buyers are expected to step in
📍 Key Bullish Zone: Around D-leg @ 0.886 retracement of XA
📈 Often aligns with demand zone or structural support
📈 Trade Plan – LONG Setup
Entry:
Buy near PRZ (D-point) — ideally with confirmation candle or bullish divergence
Look for RSI bullish divergence, pin bar, engulfing, or trendline break
Stop Loss:
Just below the X-point or the low of the PRZ
Take Profit Targets:
TP1: 38.2% of AD
TP2: 61.8% of AD
TP3 (Optional): Full retrace toward point B
Risk-to-Reward Ratio: At least 1:2 recommended
⚠️ Things to Watch:
Confirmation is key — wait for signs of reversal (momentum indicators, volume, price action)
Fundamentals like EUR or AUD news/events could cause volatility
Use structure confluence for extra confidence
✅ Pattern Overview:
Pattern Type: Bullish BAT Harmonic
Status: Completed or nearing completion at PRZ (Potential Reversal Zone)
Timeframe: Typically visible on 1H / 4H / Daily
Bias: Bullish Reversal Expected from PRZ
🧩 Harmonic Breakdown:
XA: Strong bullish leg
AB: Retraces 38.2–50% of XA
BC: Retraces 38.2–88.6% of AB
CD: Extends to 88.6% of XA
→ Pattern completes at D, where buyers are expected to step in
📍 Key Bullish Zone: Around D-leg @ 0.886 retracement of XA
📈 Often aligns with demand zone or structural support
📈 Trade Plan – LONG Setup
Entry:
Buy near PRZ (D-point) — ideally with confirmation candle or bullish divergence
Look for RSI bullish divergence, pin bar, engulfing, or trendline break
Stop Loss:
Just below the X-point or the low of the PRZ
Take Profit Targets:
TP1: 38.2% of AD
TP2: 61.8% of AD
TP3 (Optional): Full retrace toward point B
Risk-to-Reward Ratio: At least 1:2 recommended
⚠️ Things to Watch:
Confirmation is key — wait for signs of reversal (momentum indicators, volume, price action)
Fundamentals like EUR or AUD news/events could cause volatility
Use structure confluence for extra confidence
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.
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.