GBPJPY - Bullish Bat

192
152.65 is the complete price of the Bullish Bat Pattern, so why didn't I engage in the trade?

Because it forms up too early. Yes! You hear me right. There are many rules to validate a Harmonic Pattern. And it's impossible for you to figure them out.

I'm waiting for the retest at 152.65 for a counter-trend trading opportunity on the Bat Pattern and that will still consider as a Type1 trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.