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Bat

Potential Bearish Setup on Weekly ChartThe Bearish Fib-3 Bat formation on the Weekly chart certainly catches the eye, particularly with the presence of a long-shadow candle. However, it's important to acknowledge that the trading setup remains unconfirmed. Waiting for confirmation may entail missing out on potential profits, to the tune of 200 pips. Here are some strategic considerations: Option 1: Shorting Opportunity from Lower Timeframes One approach is to anticipate a shorting opportunity on lower timeframes, thus potentially capitalizing on a downside move without waiting for full confirmation. Option 2: Trading Within the Range (1-hourly Chart) Both sellers and buyers find opportunities within the 2 zone. This entails engaging with the Resistance at 150.49 and the Support level at 149.00. The pivotal question arises: What's your trade plan? Your insights matter. Please share your perspective below!
Short
by RaynLim
GOLD 🪙) traget ▶️✔️hello traders what do you think about this analysis gold 🪙🥇 support Levi's?? resistance Levi's?? 👇👇👇🚨 Gold price enjoyed a good two-way price movement on Wednesday, advancing toward the $2,000 mark ahead of the Fed policy announcements, as the US Dollar stalled its recovery mode amid sluggish US Treasury bond yields and a mixed market mood. However, Gold price changed course and tested the $1,970 round figure, in a knee-jerk reaction to the Fed’s policy inaction, as widely expected. The US Federal Reserve left the key policy rate unchanged in its current 5.25%-5.50% range. It was Fed Chair Jerome Powell’s press conference and his response to the questions that smashed the US Dollar alongside the US Treasury bond yields, triggering an impressive comeback in Gold price. Although Powell did not rule out another hike, markets perceived his words as not quite as hawkish as they expected. He acknowledged tighter financial conditions, a strong labor market, a resilient economy and an elevated inflation level. The sell-off in the US Treasury bond yields was also in part due to a quarterly Treasury announcement that said the government will slow increases in the size of its longer-dated auctions. The auction of 10-year Treasuries was increased by $2 billion, below the market's expectations of $3 billion. The benchmark 10-year Treasury bond yield tumbled over 20 basis points (bps) to 4.7089%, the lowest in more than two weeks. support pales my analysis 🤑 FXOPEN:XAUUSD
FXOPEN:XAUUSDLong
by SMC-Trading-Point
Technical Analysis & Trading StrategiesIn the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods. In this scenario, we marry technical analysis with the art of trading. Observations: A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84. For Fib-3 Bat enthusiasts, a buying opportunity may materialize on the 1-hourly chart. Now, the pivotal question: What would be your approach to NZDJPY? Your insights matter. Please share your perspective below!
Long
by RaynLim
Japanese Currency Index: Harmonic Bottom with RSI ConfirmationThere is a Confluence of a Bullish Butterfly and a smaller Bullish Bat visible on the 5-day and Weekly timeframes on the JXY as the RSI ticks out of the oversold zone for the 4th time at this level while making higher lows each time. It would seem as if the JXY is confirming to us that it has reached a Harmonic Bottom and is preparing to rise up to some of the longer-term moving averages, with the highest being at around $89-$95. During this time, we have seen the JXY continue to strengthen against other non-USD currencies, but now it's starting to look like not only will the JXY rise but that the Yen will gain dominance against the Yen, and when this happens, I also expect the JGB Yields to rise significantly. So beyond my forex positions, I will be adding YCS puts to my list of Bullish JPY positions. YCS is a 2x Return of USDJPY so if JPY starts to go up from here, this ETF could really crash down fast.
TVC:JXYLong
by RizeSenpai
Analyzing for Aggressive Shorting and Buying Setups! USDCAD presents multiple potential opportunities, with a current focus on a shorting prospect. Weekly Chart Influence: The weekly chart displays a Double Top Retracement, guiding the overarching trading decision. Approach Considerations: While an aggressive trade might opt for an immediate shorting entry, I'm choosing a more cautious approach. Short Trade Options: Daily Chart: Eyeing a Type2 Bearish Shark Pattern for a potential retest at 1.3744. 4-hourly Chart: Noting a Bearish Bat Pattern completion at 1.3770. 15-minute Chart: Considering a Bearish Shark Pattern projected to complete at 1.3733. I'm interested in your perspective. Which of these setups resonates with you, or do you have an alternative approach in mind? Share your insights below!
Short
by RaynLim
Capitalizing on the Bearish Trend The entirety of the NZDUSD landscape is signalling a potential shorting opportunity. Technical Insights: The volatility trendline, once a counter-trend reference, has been breached and closed below. Now, we await a retest of this trendline as an entry point for a shorting opportunity. Extended Target: For those inclined, extending the target to the completion of the Bullish Bat Pattern on the Weekly Chart at 0.5626 could be a strategic move. Always employ your own risk management strategies and validate with your analysis. What's your perspective on NZDUSD? Share your thoughts below.
Short
by RaynLim
1
Cashing in on Potential USDJPY Pullback Profits! The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend. Counter-Trend Strategy: As a counter-trend trader by nature, I'm on the lookout for shorting opportunities. Trade Possibilities: Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback trade. However, I'm mindful of not waiting for excessive confirmation and potentially missing out on a 300-pip profit potential. Daily Chart: Keeping an eye on a potential Bearish Crab Pattern confirmation at 150.43. Intra-Day Traders: Consider waiting for the completion of a Bearish Shark Pattern at 149.96. I'm curious about your trade plan. What are your thoughts? Feel free to comment below.
Short
by RaynLim
Bullish Trend Perspective Weekly analysis indicates a sustained bullish trend for EURUSD. Trading Strategy: Monitoring the 1-hourly chart for a potential Bullish Bat Pattern with an entry point at 1.0533. Cautionary Note: It's crucial to observe that point C touches point A in the formation of the Bat Pattern. This warrants caution and prevents me from placing a pending order to engage the trade. Remember to conduct your own due diligence and manage risks appropriately. Happy Trading!
Long
by RaynLim
DAX - at important support level- German economy is not in a perfect condition, but markets may neglect the fact (as usually) - Price is contracting, filling the downward wedge (gray lines). The lines cross exactly on the level of FR 0.381 (14'702) - Now, the price is completing the ABC 1:1 correction pattern (at 14975) which seems to be respected. - If ABS is broken down, the next very important support will be the earlier mentioned FR 0.382, where the BAT pattern D-Point sits as well.
PEPPERSTONE:GER40Long
by PetrBorosh
XU: “BAT” Setup on “Limit” Buy Stop Entry (36/100)System has identified a “B&R” playbook setup and “depletion” entry during the third hour of the LONDON 12-Candle Window. RISK: 1R TARGET: 4R ***DISCLAIMER*** This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using only certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
FX:XAUUSDShort
by USA_Capital_Funds