EURUSD - Why I will not buy this Bat pattern!
Hey traders, just sharing some experience I have trading harmonic patterns for 6 years now.
This is a example of a trade setup that I will not take.
We see a nice bat pattern completing around 1.10.
1. Nice round number
2. Great pattern
But no thanks!
I have learnt that taking trades only at the extremes of a H4 parallel channel increases my winning % dramatically.
For this setup, the channel is sloping down, it has not hit the extreme.
Even if this is gonna turn up, it is likely gonna be just a small reaction instead of a big reversal.
Be selective, trade well and I wish those who took this trade good luck!
This is a example of a trade setup that I will not take.
We see a nice bat pattern completing around 1.10.
1. Nice round number
2. Great pattern
But no thanks!
I have learnt that taking trades only at the extremes of a H4 parallel channel increases my winning % dramatically.
For this setup, the channel is sloping down, it has not hit the extreme.
Even if this is gonna turn up, it is likely gonna be just a small reaction instead of a big reversal.
Be selective, trade well and I wish those who took this trade good luck!
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.