15 Nov 10 - Bullish Bat Pattern on EUR/USD - H1 Chart

A bullish Bat pattern was seen completing on this pair and the following validated the signal to go long:

1. A psychological support at 1.36000.
2. A confluence of 3 harmonic ratios - 0.886 XA @ 1.35962, 1.618 BC @ 1.36028 and 1.27 AB=CD @ 1.36017.
3. Setup to go long was the formation of a piercing pattern.

Trade Details

• Date: 15 Nov 10
• Time: GMT 17:00
• Entry Price: 1.36165
• S/L: 1.35650 (51.5 pips)
• T/P: 1.37014 (84.9 pips)

Trade Progress


The stop loss was triggered on 15 Nov 10, GMT 20:58 at 1.35650, resulting in a loss 51.5 pips for 2 batches.