Price reached a 4 Hours Order Block and it has completed a GARTLEY Harmonic Pattern that shows potential reversal.
BAT PATTERN - USING THE XABCD TOOL: X - The highest point A - the lowest point XB - 0.382 - 0.618 Fib ratio AC - 0.382 - 0.886 Fib ratio XD - 0.886 Fib ratio BD - 1.618 - 2.618 Once D is completed , we look for a potential trend reversal.
ENTRY ZONE - is the 4H order block area. We need to wait for the following: 1- price has to go at least at 50% into the 4H order block 2 - price has to BOS- break structure downwards in 15 MIN 3 - price has to retrace to at least 38-61% FIB LEVELS
STOP LOSS above the X point (add the spread) or above the 4H Order Block
TARGETS
TP1 - 61.8 level of Fib extension TP2 - 32.8 level of Fib extension Both TP align with order blocks