Illustration to "Thoughts about bat pattern. Part X"

29 Jul 2015

Hey, traders. We have a bull bat setting up on aussie. Depending on priceaction within CD we will have either HSFSP or HSFSI type. If CD leg is broken by 0,382AB(19pips) size retracement we'll see a HSFSI bat type completion. If there are no retracemnets of 0,382AB size within CD we'll see a HSFSP bat type completion. Also note more than one retracement within XA and consolidation within BC. Also note how I use square tool to measure the range of retracemnts)
I will enter this bat only if HSFSP type completes. HSFSP has more than average success rate while HSFSI has less than average success rate.