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11021992
Feb 18, 2017 3:20 PM

GBPUSD: Daily bullish bat pattern 做多

British Pound/U.S. DollarFXCM

描述

Hi traders,

On the GBPUSD daily timeframe we have a potential bullish bat pattern taking shape.
Entry: 1.20041
Stop: 1.18419
Target: 1.27717 = R:RR 4.73

Good luck traders!
评论
siawash
hello
first thank you very much
a question?
for bullish bat pattern draw fibo from x to a must be 88% to point d but you have 0.977
11021992
@siawash, Hey there. You are right, according to the rules it is the 88.6% Fibonacci retracement of the XA move. In this case I used the 200% Fibonacci extension of the ABA move, which is the basis of all harmonic patterns (Not 200% in particular, but the Fibonacci extensions in general)
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