Bull Bat Harmonic AUDUSD Long (late to the game)

19 Şub 2020

I have had my eye on this forming bullish Bat Harmonic for the past couple of days, but have probably missed the optimal entry.

I shall continue to work my bid at the text book Bat entry level (as if they actually ever get filled on a successful Bat trade), but am keeping my eye on the forming diamond price structure, for further signals that might warrant taking a long trade.

The higher time frame signals suggesting a reversal aren't complete or top grade, but are still suggestive of a bit of a retracement.

19 Şub 2020

Not

Given the train wreck bear trend, I am not hitting this Harmonic Bat idea blind.

Now looking at 5 min chart for bullish reversal signal

20 Şub 2020

Not

Entered Trade on Ping candle down to 76.4% level on Aussie open. The trade quickly netted a 2:1 rr, and then worked it's way back down to my entry level where I left the trade at exact scratch.



For the 2nd time today, taking risky counter trend reversal trades, I have passed up 2:1 profits, and have been left with nothing (or very little).

Must make a note (for the umpteenth time) to try to avoid Counter Trend ideas and/or keep profit objectives tight.

20 Şub 2020

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