EURUSD 4 hr inside bar with harmonic patterns trading

Friday the latest 4 hour inside bar for EURUSD gives us both long and short opportunity. There are two possible harmonic patterns might be formed for the break out of this inside bar. You can trade with the inside bar action and set the target with D point of the pattern maybe formed.

If breaks up, it would form a butterfly pattern. The D point is around 1.1977.

If breaks down, it might be a bat pattern. The D point is about 1.1743.

You can also trade the reversal from either one of these D points.

Commentaire:

Due to the tax cut bill, euro broke down. You can hold your short until 1.1743 and watch the price action to decide.

Commentaire:

BAT pattern has been finished. However, be careful to long now. Wait for bullish signal. Or EURO may drop more.

Commentaire:

Successfully finished the BAT pattern and long position started with profit if anyone trade it.