URAUD – Bullish BAT Harmonic Pattern Formed 🟢🦇
✅ Pattern Overview:
Pattern Type: Bullish BAT Harmonic
Status: Completed or nearing completion at PRZ (Potential Reversal Zone)
Timeframe: Typically visible on 1H / 4H / Daily
Bias: Bullish Reversal Expected from PRZ
🧩 Harmonic Breakdown:
XA: Strong bullish leg
AB: Retraces 38.2–50% of XA
BC: Retraces 38.2–88.6% of AB
CD: Extends to 88.6% of XA
→ Pattern completes at D, where buyers are expected to step in
📍 Key Bullish Zone: Around D-leg @ 0.886 retracement of XA
📈 Often aligns with demand zone or structural support
📈 Trade Plan – LONG Setup
Entry:
Buy near PRZ (D-point) — ideally with confirmation candle or bullish divergence
Look for RSI bullish divergence, pin bar, engulfing, or trendline break
Stop Loss:
Just below the X-point or the low of the PRZ
Take Profit Targets:
TP1: 38.2% of AD
TP2: 61.8% of AD
TP3 (Optional): Full retrace toward point B
Risk-to-Reward Ratio: At least 1:2 recommended
⚠️ Things to Watch:
Confirmation is key — wait for signs of reversal (momentum indicators, volume, price action)
Fundamentals like EUR or AUD news/events could cause volatility
Use structure confluence for extra confidence
✅ Pattern Overview:
Pattern Type: Bullish BAT Harmonic
Status: Completed or nearing completion at PRZ (Potential Reversal Zone)
Timeframe: Typically visible on 1H / 4H / Daily
Bias: Bullish Reversal Expected from PRZ
🧩 Harmonic Breakdown:
XA: Strong bullish leg
AB: Retraces 38.2–50% of XA
BC: Retraces 38.2–88.6% of AB
CD: Extends to 88.6% of XA
→ Pattern completes at D, where buyers are expected to step in
📍 Key Bullish Zone: Around D-leg @ 0.886 retracement of XA
📈 Often aligns with demand zone or structural support
📈 Trade Plan – LONG Setup
Entry:
Buy near PRZ (D-point) — ideally with confirmation candle or bullish divergence
Look for RSI bullish divergence, pin bar, engulfing, or trendline break
Stop Loss:
Just below the X-point or the low of the PRZ
Take Profit Targets:
TP1: 38.2% of AD
TP2: 61.8% of AD
TP3 (Optional): Full retrace toward point B
Risk-to-Reward Ratio: At least 1:2 recommended
⚠️ Things to Watch:
Confirmation is key — wait for signs of reversal (momentum indicators, volume, price action)
Fundamentals like EUR or AUD news/events could cause volatility
Use structure confluence for extra confidence
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.