EURAUD – Bullish BAT Harmonic Pattern

URAUD – Bullish BAT Harmonic Pattern Formed 🟢🦇
✅ Pattern Overview:
Pattern Type: Bullish BAT Harmonic

Status: Completed or nearing completion at PRZ (Potential Reversal Zone)

Timeframe: Typically visible on 1H / 4H / Daily

Bias: Bullish Reversal Expected from PRZ

🧩 Harmonic Breakdown:
XA: Strong bullish leg

AB: Retraces 38.2–50% of XA

BC: Retraces 38.2–88.6% of AB

CD: Extends to 88.6% of XA
→ Pattern completes at D, where buyers are expected to step in

📍 Key Bullish Zone: Around D-leg @ 0.886 retracement of XA
📈 Often aligns with demand zone or structural support

📈 Trade Plan – LONG Setup
Entry:

Buy near PRZ (D-point) — ideally with confirmation candle or bullish divergence

Look for RSI bullish divergence, pin bar, engulfing, or trendline break

Stop Loss:

Just below the X-point or the low of the PRZ

Take Profit Targets:

TP1: 38.2% of AD

TP2: 61.8% of AD

TP3 (Optional): Full retrace toward point B

Risk-to-Reward Ratio: At least 1:2 recommended

⚠️ Things to Watch:
Confirmation is key — wait for signs of reversal (momentum indicators, volume, price action)

Fundamentals like EUR or AUD news/events could cause volatility

Use structure confluence for extra confidence