USDJPY Trading Plan: Fib-3 Bat Pattern Retest and Bullish ButterIn our current analysis of USDJPY, two distinct trading opportunities emerge:
1. Fib-3 Bat Pattern Retest:
- Timeframe: Weekly Chart
- Setup: The Fib-3 Bat Pattern type2 on the weekly chart has already provided a profitable opportunity, and a retest is anticipated.
This pattern has previously yielded a substantial 903 pips in 13 weeks.
2. Bullish Butterfly Pattern:
- Timeframe: 1-Hourly Chart
- Setup: A Bullish Butterfly Pattern on the 1-hourly chart, with an entry point identified at 148.78.
These setups reflect a mix of longer-term and shorter-term trading strategies. Share your thoughts and engage in discussions to enhance our collective understanding.
Bat
Bullish ContinuationYesterdays prediction is playing out nicely. We have rolled over into the predicted killzone right around the zone of a 382 fib retracement, and AB=CD move and the 188.00 psychological number with the RSI pushing down into the extreme oversold zone. We have also put in a bullish bat pattern which is nearing completion, giving an extra layer of confluence for a long entry.
Potential bearish reversalPrice has reacted off key Daily support and pushed up into key inside structure and held. If price holds this level then it could be a good opportunity to look for a short opportunity back down the recent outside structure with a potential to continue lower to complete a bullish bat pattern
AUDNZDIs AUDNZD getting bid after massive sell rally?
As the price is been on strong bearish trend but now it seems like price is getting some bullish momentum after reaching at support level and simultaneously has completed bullish harmonic pattern.
If the bulls took control , the 1st target could be 1.07500 followed by 1.0800.
What you guys think of it?
Combo Trade OpportunityAn amazing Bearish Fib-3 Bat with RSI Divergence has surfaced on the CADJPY 1-hourly chart.
While some may see this as a great counter-trend trading opportunity, others might interpret it as a warning sign and choose not to engage.
But here's the twist - it's a Combo Trade.
On the Weekly Chart, there's a Bearish Shark Pattern Retest, accompanied by a Type2 Bearish Gartley Pattern.
What's your take on CADJPY?
Share your trade plan for CADJPY in the comments below!
Clover Finance (CLV) completed a setup for upto 10% pumpHi dear friends, hope you are well and welcome to the new trade setup of Clover Finance (CLV) with BTC pair.
Recently we caught almost 62% pump of CLV as below:
On a 4-hr time frame, SUN completed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Natural Gas Futures Bullishly Diverging at a Bullish Bat PCZNatural Gas Futures aggressively gapped down into support during the first hour of this week's trading and looks to be ready to form some MACD Bullish Divergence leading into the rest of the week. I think there is a good chance that Natural Gas at least undoes this decline and rises back up to $2.5 this week, but overall if this ends up being a major bottom I'd expect it to pump well into the mid to upper 3 dollar range.
The Duality of PatternsEURJPY presents an interesting scenario with a potential combo trade, or is it? Let's break it down:
1. 4-Hourly Bearish ABCD Pattern:
- Retest completion at 161.74.
2. Daily Bearish Bat Pattern:
- Completion at 162.55.
Two patterns, two different starting points. Is it a combo or a dual setup?
Share your thoughts and let's navigate this intriguing trade opportunity together!
Potential Head and Shoulders & Early Trading OpportunitiesUSDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan:
1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart:
- Patient approach for a comprehensive setup.
2. Early Trading Opportunities on 15-Minutes Chart:
- Spotted Bearish Bat and Bearish Gartley Patterns.
- Potential for quicker engagements on shorter timeframes.
Stay vigilant and let's discuss your insights on this evolving USDJPY scenario!
Waiting for ConfirmationIf you're seeking shorting opportunities on EURUSD, I've got two potential setups for you.
Remember, always wait for candlestick pattern confirmation before making your move.
Bearish Shark Pattern: Look out for completion at 1.0917.
Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish trendline.
Be patient and let the market confirm the patterns. Share your thoughts and trade plans on EURUSD below!
Potential Long Opportunity GJ BAT Think I spotted a bat on Daily time frame also see higher highs and lows being printed. Still growing my craft so critique is welcome.
Here is my bat:
X @ 180.742
A & C @ 188.261 ( c leg retraced to 100%)
D @ 181.611 ( I shorted from C to D leg)
TP's are based on Fib then adjusted to the quarter points:
-184.000
-185.750
-186.750
-188.000
Let me know what you think. Thanks, Happy Trading!!