EURUSD 4H Bat Pattern Trade


EURUSD 4H Bat Pattern Trade

Reasons For Trade:

1. Bat Pattern
2. Close Fibonacci Confluence of 0.886XA leg with 1.618 AB leg
3.  RSI has been overbought i.e. above 80

Stop Placement:

  1. 1.113 or 1 ATR (37 Pips) above Structure High i.e. Point X of Bat Pattern


  1. 38.2 Fib Retracement of AD Leg will be the first target
  2. 61.8 Fib Retracement of AD Leg will be the second target

Trade Execution:

  1. Let the price reach the PRZ and look for Double Top or Bearish Divergence or an Advanced Harmonic Pattern completion in the zone on a lower time frame i..e. 1H or 15M chart.
  2. As soon as Target 1 is hit, move the stop to break even and close half of the position.


  1. Overall trend seems to be bullish at the moment. So this will be a counter trend trade. Second Target may not be achieved.

Planned News Expected: (UK Time)


Post Execution Review:


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