Waiting for price to move up to complete the pattern and wait for Price action signal to short.
Point D is just an illustration, price may not fall and reverse exactly at that point. Potential PRZ is located around Yellow Box.
評論
hakoneg
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This was a good idea, but I feel better to take the posison when the CD leg has reached 100% of AB leg
dojitrader
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So, if I understand your thinking . . .
You're actually looking for a double top for your entry
and just using the bat pattern to bolster your idea
that a short is the trade to make ?
Otherwise, what is the point of the pattern if
you don't enter at point D ?
Thanks for your thoughts !!!
And, lots of pips in your pocket in 2014 ~~~
tntsunrise
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I will enter at D, stop above X
Zeheart
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Make sense as well.. so long u put SL above point X, that will be save..
Zeheart
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Hello... basically the pattern has not completely form for the time being therefore I dare not to say that it will definetly will reverse at that point.. previously I do encounter some cases, where the Bat Pattern formed, but it doesn't really reverse at 0.886 instead it move higher and create a false break to the previous resistance level..
I wasnt really good in explanation.. hope u can get what i meant.. =)
Wish you lots of pips in 2014 as well!!!
tntsunrise
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I understand what you are saying. I will have multiple orders into that PRZ.
Zeheart
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Nice... lets hope for a nice profit for this one!
tntsunrise
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hey bro. help me look at aud nzd. i feel it will fall again
Zeheart
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sure thing.. give me a moment =)
Zeheart
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It seems to be there is a potential to form either Crab or Bat Pattern base on 4H chart..