EURUSD (Bat Pattern) -1h Chart
Bat Pattern confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be long term back to where it all started
Ending Diagonal confirmations:
- 5 clear points
- 2 clear consolidations
Good Trading. -1h Chart
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be long term back to where it all started
Ending Diagonal confirmations:
- 5 clear points
- 2 clear consolidations
Good Trading. -1h Chart
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