Although I am not as much a fan of harmonic patterns as when I first began trading this pattern appears to meet the criteria perfectly. Through back testing I have found the Bat pattern to have a success rate of 62%, I would consider this a medium to high probability trade and as such will be committing a maximum of 5% capital to this trade. Entry: 1.18847 Stop:...
Using the analysis from the 50% retracement strategy on the 1H time frame I have entered on the 1m TF using the same retracement strategy. This allows me to enter with a significantly smaller stop loss and in turn the ability to become risk free in a far shorter space of time
Due to the Monthly TF Line in the Sand analysis I will be looking for Bearish entries above the line and Bullish entries below. The 50% retracement strategy that I use is a very simple construct that can be applied on any time frame. It is in fact the reason for the line in sand based on the Monthly time frames most recent swing high/low. This 15m example...
PRICE HAS REACHED A CRITICAL LEVEL! The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008. The Bulls require an injection of new longs to counter the renewed bearish sentiment. Moving to lower time frames, Price Action begins to show the significance of this level.
PRICE HAS REACHED A CRITICAL LEVEL! The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008. The Bulls require an injection of new longs to counter the renewed bearish sentiment. Moving to lower time frames, Price Action begins to show the significance of this level.
PRICE HAS REACHED A CRITICAL LEVEL! The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008. The Bulls require an injection of new longs to counter the renewed bearish sentiment. Moving to lower time frames, Price Action begins to show the significance of this level.
PRICE HAS REACHED A CRITICAL LEVEL! The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008. The Bulls require an injection of new longs to counter the renewed bearish sentiment.
PRICE HAS REACHED A CRITICAL LEVEL! The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008. The Bulls require an injection of new longs to counter the renewed bearish sentiment.
PRICE HAS REACHED A CRITICAL LEVEL! The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008. The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Although the pattern structure is not as clean as other published patterns, the percentage change (fib) tool levels give confluence to this pattern. See the comments below for TP2 and further details on the confluence of PCT levels.
The 1-2FIVEOH pattern is a discovery I made from experience and endless back testing using bespoke Percentage change (fib) tool levels.
Gartley pattern heading towards TP1, see the comments below for TP2.
Crab pattern on its way to TP1, see the comments for further targets.
Review of the movement of EUR/USD from the previous week, based on Bearish Technical data.
Review of the movement of EUR/USD from the previous week, based on Bullish Technical data.