As of the moment, I had this structure giving me a potential setup for a trade opportunity. Giving me a potential bullish BAT APF unless rules (structures, behaviors, and Fibonacci % levels) are broken. Currently, we have a short CRT short trade opportunity (but won't take it) as the price could break previous high hence invalidating this potential bullish BAT APF setup. Trade with care.
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
Note
Could this be the completion of our Potential Bat Pattern's B point? If yes then we want to have a 38.2% retracement of AB and not exceeding 99% of retracement. Coz' if it does then it would invalidate my Bat setup. Price breaking and closing below 1.21198 will also invalidate the setup, A potential Gartley APF could be formed. Watch out.Note
My Bat setup is already invalid. We could have a potential Gartley now as long the price doesn't break our previous high.Note
On the h4, I still got a valid Bullish Bat setup.
Success, nothing less!
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.
Success, nothing less!
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.