60 Min $DXY Bearish BAT Harmonic ST Top? $USDOLLAR short trade

60 Min $DXY Bearish BAT Harmonic ST Top? 60 Min $DXY Bearish BAT Harmonic ST Top?
A short position would then be executed with stops near the high of X. The first target 1 comes in at 61.8% of CD, followed by target 2 at 1.272% of CD and finally target 3, which is the projected XA distance from the PRZ level at D.

How to trade Bearish Bat Pattern
s20.postimg.cc/vzp29...x/screenshot_466.png

The chart above illustrates an example of a bearish harmonic bat pattern which was executed perfectly.

After identifying the XA leg, we notice AB retracing 48.8% of XA, well within the 38.2% – 50% retracement level
BC leg then declines to retrace 52.2% of AB (within the limits of 88.6% of AB leg)
CD then rallies to retrace 89.5%, which overshot the ideal reversal level of 88.6%, while staying within the range of 2.618% extension of AB leg.
After price rallied to point D, it promptly reversed. A short position would then be executed with stops near the high of X. The first target 1 comes in at 61.8% of CD, followed by target 2 at 1.272% of CD and finally target 3, which is the projected XA distance from the PRZ level at D.

Komentarz:

12:24 PM EST Dollar beginning to rollover - looks like a good pattern for US Liquidity into OPEX a week from Friday---
ECO Lunch
Jul 12, 12:15
FOMC Member Harker Speech
Jul 12, 13:00
30-Year Bond Auction

Zlecenie aktywne:

1240 -1280 WE CALL THE BOX - Break me you Farkers