EURUSD Completed Bullish Bat; Next Bearish Bat or Butterfly?

Since the completion of the Bullish Bat price came within a pip of TP1 (I did not catch the formation of the Bat until about an hour too late unfortunately). However it may now be forming a bearish Bat pattern with a completion point right around TP2 of the previous Bullish Bat Pattern. This may happen overnight when I am asleep so depending on what happens before then I will decide whether to place a limit order at that price.

Depending on what happens after the first Bat, I will also look for the formation of the bearish Butterfly pattern around 1.0664 (as long as the price does not break 1.06075)

تعليق:

What do you know, another Bat!

For the record I did not take the small Bat trade because I was heading to bed and wanted to be able to see price action around the entry point. I did place an order a little above the D point of the butterfly but that didn't get picked up. Now I will be looking to enter long @ the completion of the pattern around 1.0617-1.06175

تم فتح الصفقة:

تعليق:

I've never used the Pitchfork tool before so I have no clue if I am using it correctly. but it would appear price bounced from the median line

تعليق:

I got stopped out on the previous Bat pattern. I then noticed this Bullish AB=CD so re-opened the trade. Stops and targets shown by the dashed horizontal rays.

تعليق:

Targets have been adjusted based on the current D point of AB=CD pattern -- targets 1.0654 (sell half and breakeven) and 1.0692

تم إغلاق الصفقة يدويًا:

I closed my Euro contract this morning at 1.064 (around 1.063 on here) as I am more bullish DXY and bearish Euro on the larger time frame. I will watch for next opportunity.