Also, I'm currently looking at this EURUSD move. It's forming up to be a Bat, and I'm looking at doing a possible BAMM trade on it. Given the USDSEK -88.3% correlation to the EURUSD, and it's (USDSEK) progress towards a correction zone, I'm thinking there might be a good trade setup on one of these pairs. Both seem to be favoring a completion of the patterns. Though with fiscal cliff concerns still in the air, I imagine it's probably best to sit on the sidelines. What are you guys' thinking?
I like this butterfly setup on the AUDCHF 1H quite a bit, though the AB=CD is not strong, I like the price action in the reversal zone a lot. We will see how it plays out.
Thans Kor. Yes, i agree it's not preety one bat, but i think it has a nice location on the chart. D point is placed in the strong demand zone. After that, E/U is on the side trend. Of course im greenhorn in harmonics, so i need a lot of practice to achieve high skill level.