Bearish Bat Pattern

2020년 8월 5일

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.

2020년 8월 5일

노트

Using bespoke fib levels I have increased my long position to hedge against the potential failure of the bat pattern short.

2020년 8월 5일

노트

2020년 8월 5일

노트

The first position is risk free after closing 50% at TP, the second entry will be risk free if price hits 1.18798.

2020년 8월 6일

노트

The second position is now also risk free.

2020년 8월 6일

거래청산: 스탑 닿음