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.

Harmonic Patterns

• Gartley
• Bat
• Butterfly
• Crab
• Cypher

Gartley and Bat Patterns are Considered Internal Patterns

Gartley Image

GARTLEY

• The AB Leg is the most important in recognizing a valid Gartley and should be 61.8% of the XA move.

Bat Image

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 Patterns

Butterfly Image

Butterfly

• The AB Leg is the most important in recognizing a valid Butterfly pattern and should be 78% of the XA move.

Crab IMage

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 Image

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.

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