EUR/AUD - H4 - 2618 & Bat Pattern
We are looking for a D leg completion of this Bat Pattern for our buy orders to be triggered.
The C leg of this bat pattern didn't exceed A, so in my rules this is still a valid Bat Pattern.
Having now retraced back into the 61.8% Fib level, we can also trade this as a 2618.
Rules Of Engagement 2618
- Double Top
- Break below Neckline / Support
- 61.8% Fibonacci retracement
- Stop loss above double top
- Target 1 at 38.2% Fibonacci
- Target 2 at 61.8% Fibonacci
Good luck.
We are looking for a D leg completion of this Bat Pattern for our buy orders to be triggered.
The C leg of this bat pattern didn't exceed A, so in my rules this is still a valid Bat Pattern.
Having now retraced back into the 61.8% Fib level, we can also trade this as a 2618.
Rules Of Engagement 2618
- Double Top
- Break below Neckline / Support
- 61.8% Fibonacci retracement
- Stop loss above double top
- Target 1 at 38.2% Fibonacci
- Target 2 at 61.8% Fibonacci
Good luck.