A Guide to Harmonic Trading Patterns in the Currency Market

HARMONIC PATTERNS IN FOREX

• Harmonic trading in the currency market includes the identification and the analysis of a handful of chart figures.

• In most of the cases these patterns consist of four price moves

Harmonic patterns conform

to crucial Fibonacci levels.cc: Gianluigi Bertin - https://www.flickr.com/photos/46103188@N08

HARMONIC PATTERNS

• Gartley

• Bat

• Butterfly

• Crab

• Cypher

Gartley and Bat Patterns are

Considered Internal Patternscc: emmettanderson - https://www.flickr.com/photos/59778596@N00

GARTLEY• The AB Leg is the most

important in recognizing a

valid Gartley and should be

61.8% of the XA move.

BAT PATTERN• The AB Leg is the most

important in recognizing a

valid Bat pattern and should

be 38% or 50% of the XA

move.

Butterfly, Crab, and Cypher Patterns

are considered External Patternscc: @Doug88888 - https://www.flickr.com/photos/29468339@N02

BUTTERFLY PATTERN

• The AB Leg is the most

important in recognizing a

valid Butterfly pattern and

should be 78% of the XA

move.

CRAB PATTERN

• The AB Leg is the most

important in recognizing a

valid Crab pattern and should

be 38% 50% or 61% of the XA

move.

CYPHER PATTERN

• The AB Leg is the most

important in recognizing a valid

Cypher pattern and should be

38% 50% or 61% of the XA

move.

Get The Free Forex Training Series