The BAT pattern is one of my favorite harmonic trading patterns as its deep D-point completion often creates exceptional risk-to-reward opportunities for traders willing to fade the prevailing trend.

What's even better about this setup it that this developing BAT pattern aligns with a major structure zone, adding another layer of technical confluence to the idea.

2 QUICK REMINDERS

1) Please remember that harmonic patterns are counter-trend by nature so the expectation isn't to try and ride this for a large trending move, rather be in and out with precision.

2) With this being the first week of the new month, we have the U.S. Non-Farm Payrolls (NFP) report could impact the trade before or after it's completes.

Be sure to leave a comment with your thoughts on the setup, and don't forget to like the post if you found it helpful!

Plan Your Trade, Trade Your Plan - Akil