Alexander_Nikitin

EURAUD bat advanced pattern

Kort
FX:EURAUD   Euro / Australiensisk dollar
Hey, mates we have a bat advanced pattern here. Note the previous market behavior - we had a series of higher highs and higher lows. Now the XA leg drops below the previous lower low thus giving us a bearish rotation. This is the exact situation described by Harold M. Gartley on the page 222 of his book "Profit in the stock markets". He describes the probabiltiy of the setup as "worth trying" because 70% accuracy. I attach the screenshot of this trade with entries, stops and targets in comments. Feel free to check it. Have a good day.

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