Harmonic patterns are a very precise way to trade the forex market, if executed correctly. Here is one of my more recent trades USD/CAD on the 4h chart which was sent out to all of my students at Six Figure Capital! To start off the measurements for a valid bat pattern are detailed below:
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The outcome was absolutely perfect, we almost matched up to the pip on this trade and price took a sharp turn into profit. To all of you who do not trade harmonic patterns it is simply a combination of patterns and maths :)
Do you want more trading inspiration? Grab your free copy of '7 Proven Steps to Becoming a Successful Forex Trader' here: sixfigurecapital.com
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The outcome was absolutely perfect, we almost matched up to the pip on this trade and price took a sharp turn into profit. To all of you who do not trade harmonic patterns it is simply a combination of patterns and maths :)
Do you want more trading inspiration? Grab your free copy of '7 Proven Steps to Becoming a Successful Forex Trader' here: sixfigurecapital.com
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.