Although I am not as much a fan of harmonic patterns as when I first began trading this pattern appears to meet the criteria perfectly.
Through back testing I have found the Bat pattern to have a success rate of 62%, I would consider this a medium to high probability trade and as such will be committing a maximum of 5% capital to this trade.
Entry: 1.18847
Stop: 1.19090
TP1: 1.18361
Should the pattern reach TP1 I will close 50% of my position, the remaining 50% will then be risk free. I will post TP2 in the comments should the pattern be successful.
Through back testing I have found the Bat pattern to have a success rate of 62%, I would consider this a medium to high probability trade and as such will be committing a maximum of 5% capital to this trade.
Entry: 1.18847
Stop: 1.19090
TP1: 1.18361
Should the pattern reach TP1 I will close 50% of my position, the remaining 50% will then be risk free. I will post TP2 in the comments should the pattern be successful.
Nota
Using bespoke fib levels I have increased my long position to hedge against the potential failure of the bat pattern short. Nota
Nota
The first position is risk free after closing 50% at TP, the second entry will be risk free if price hits 1.18798.Nota
The second position is now also risk free.Trade chiuso: stop raggiunto
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.