GBPJPY potential Bat - BAAM theory
Updated
It's an harmonic pattern advanced strategy.
On Bat during the CD completion, if a candle close below the B point there is a highly probable chance that the price will complete the pattern.
I put the target at 2.242 AB projection, but the completion zone must be define better when C will appear, if it will.
We firstly must a candle close between 0.382 / 0.886 to complete the C point.
The SL will be the current ATR.
On Bat during the CD completion, if a candle close below the B point there is a highly probable chance that the price will complete the pattern.
I put the target at 2.242 AB projection, but the completion zone must be define better when C will appear, if it will.
We firstly must a candle close between 0.382 / 0.886 to complete the C point.
The SL will be the current ATR.
Note
Finally the Bat has a 50% B retracement, we have to wait a H1 candle to close below the B point to take position. I don't know how to update the chart with a pic sorry.
Order cancelled
the price broke the X level.
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