As I drew the huge daily BAT pattern last week, USDCHF gave an inside day after the D point of the BAT, and it broke to the upside as what I want to see.
This combination provided a 200 pips bounce and a potential reversal;
Most of the time, harmonic pattern trade actually fights with the current trend in the time frame given, so what we need to wait is reversal sign like inside bar breakout or double top/double bottom to confirm the trade.
This combination provided a 200 pips bounce and a potential reversal;
Most of the time, harmonic pattern trade actually fights with the current trend in the time frame given, so what we need to wait is reversal sign like inside bar breakout or double top/double bottom to confirm the trade.
Note
hammer / shooting star are also great reversal sign
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.