Advanced
AUDJPY BEARISH BAT and BEARISH ABCDAUDJPY on a DOWNTREND here, identified 3 possible SHORT ENTRIES
Advanced Pattern
A possible BEARISH BAT PATTERN. ENTRY @89.26 (Purple line)
ABCD Pattern
Using XA as the impulse leg, i identified ENTRY ZONE 1, between the 71.8 and 61.8 RETRACEMENT OF XA. However, i do not feel that this entry zone will be hit, given that it has already been tested 4 times. But hey who knows?
ABCD Pattern
This entry is the one i have most confidence about. i have identified ENTRY ZONE 2, between the 71.8 and 61.8 RETRACMENT OF BC. While there is a lack of structure for confluence at this level, if price does manage to retrace to this zone, it will be a ideal point to SHORT, with STOPS above B
EURJPY / 15M / BAT PATTERNLATEST VIDEO: www.youtube.com
PAIR: EUR/JPY
TIME-FRAME: 15M
TRADE: BAT PATTERN
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
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YOUTUBE: www.youtube.com
Potential Long Opportunity USDJPY Bat PatternHello Traders,
This market has been forming a series of lower lows and lower highs.
We have broken these highs to form an area of consolidation.
We have a potential Bat pattern completing at 106.39.
In this area we have some support and Fibonacci confluence. This is where i expect price to react.
Target 1: 106.71
Target 2: 106.92
Feel free to comment, like, share and follow
Instagram @KashMarkets
EURGBP SHORT BASIC STRUCTURE + 1234Looking at EURGBP, price has been a down trend since April this year. Price has retraced to touch the 0.618 RETRACEMENT OF XA. The 0.618 - 0.718 RETRACEMENT ZONE also confluences with a major structure level, the previous high!
Looking deeper, we see that the retracement is also a 1234 SETUP, confluence with RSI DIVERGENCE and a DOJI, whose upper wick extends into the 0.618-0.718 RETRACEMENT ZONE.
Would be a fantastic setup to short. However, bearing in mind the EU Referendum happening on 23/06/16 which will decide if the UK will stay in the EU, i will probably sit this pair out, at least until the storm passes!
GBPJPY 4hr 618 retracementLooking at a bullish view and seeing how we may see a rise.
We have had an impulse leg and 618 retracement, looking at the RSI possible harmonic move could happen taking us up to wards previous structure resistance. This would also be relevant to a B to C leg of a possible Gartley / Cypher
Bullish Bat Pattern @ Market on GBPUSDJust a quick Bat pattern setup on GBPUSD.
Came right back into previous structure with RSI oversold. Now seeing nice divergence and a triple bottom.
Shooting for conventional targets at 38,2 and 61,8 retracement of C-D.
Stops have to go below X.
As always, follow your plan!
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BEARISH GARTLEY PATTERN WITHIN TREND FOR TCT: HIGH RRAUDUSD is still in a downtrend. Therefore we're looking to take shorting opportunities to hop on the trend.
This gartley pattern gives us pattern traders a valid short.
Depending on your personal rules you can either trade this pattern with conventional targets (38,2 & 61,8% from A-D) or as a TCT as shown on the chart.
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CADJPY unified Gartley to sellHey, traders. Here's an example of the trades I have on my radar today. Stop is X, entry is 78.6. Targets are 38.2 and 61.8. You can see these line on the chart.
By the way, I have started a new service. It is called Trading Group Programme. I send the screenshots of my every trade setups and video explanations to the members to Tradingview inbox messages. Nice chance to testdrive my approach.
Feel free to leave me a note if you'd like to participate)
AUDUSD SHORT @ MARKET: BEARISH BAT WITHIN TREND!Nice pattern with fib confluence on this pair. Retracing into previous support now should becoming resistance.
This Pattern could be the reason to enter a valid trend continuation short. FOLLOW YOUR PLAN!
Best luck in the markets, Felix.
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NZD.USD - Bearish Cypher & Bat Setup On the NZD.USD 1 Hour chart we have 2 potential trade opportunity's at the D leg completion of a bearish Bat & Cypher
Bearish Bat Setup ( Light Grey ) - D leg completion 0.6791
Bearish Cypher Setup ( Dark Grey ) - D leg completion 0.6814
Bat Fibonacci Confluence - 161.80% - 88.60%
Cypher Fibonacci Confluence - 127.20% - 78.60%
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