Friday the latest 4 hour inside bar for EURUSD gives us both long and short opportunity. There are two possible harmonic patterns might be formed for the break out of this inside bar. You can trade with the inside bar action and set the target with D point of the pattern maybe formed.
If breaks up, it would form a butterfly pattern. The D point is around 1.1977.
If breaks down, it might be a bat pattern. The D point is about 1.1743.
You can also trade the reversal from either one of these D points.
If breaks up, it would form a butterfly pattern. The D point is around 1.1977.
If breaks down, it might be a bat pattern. The D point is about 1.1743.
You can also trade the reversal from either one of these D points.
Note
Due to the tax cut bill, euro broke down. You can hold your short until 1.1743 and watch the price action to decide.Note
BAT pattern has been finished. However, be careful to long now. Wait for bullish signal. Or EURO may drop more.Note
Successfully finished the BAT pattern and long position started with profit if anyone trade it.
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.