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Bat

EURUSD ADVANCE HARMONICS PATTERN BAT BULLISHHello Traders, and welcome to another Technical Analysis with TCPLTP! Today, we'll be exploring the EURUSD pair, which has formed an advanced harmonic pattern called the Bat pattern on its hourly chart. Before we dive into the setup, let me guide you through the key aspects of Bat patterns: The Bat pattern is a popular harmonic pattern that helps identify potential reversals in the market. It consists of five points: X, A, B, C, and D. The pattern is characterized by specific Fibonacci ratios between these points. Once the Bat pattern is identified, we look for potential entry points and targets. The entry is usually at the completion of the CD leg, while the targets are set at Fibonacci extension levels of the AD leg. Now, let's get back to the EURUSD Bat pattern setup. With the necessary knowledge of Bat patterns, we can better assess the trading opportunity presented by this formation. Let's take a closer look at the trade opportunity: Long Entry Level (EL): 1.09437 The long entry level is strategically set using Fibonacci thresholds from different swings in price. This level marks the potential entry point for a long position. Stop Loss (SL): Below 'D' The stop-loss order is placed below point 'D', which is a common practice in trading harmonic patterns. This placement ensures that the trade is protected in case the pattern fails to play out as expected. Target 1: 38% AD: 1.10515 50% AD: 1.10940 Target 1 represents potential exit points for the trade. These levels are based on Fibonacci extension ratios of the AD leg. Traders often take partial profits or adjust their positions at these levels. Target 2: 62% AD: 1.11364 79% AD: 1.11982 Target 2 provides additional exit points for the trade. These levels are also based on Fibonacci extension ratios of the AD leg and may be used for more significant profit-taking. It's important to emphasize that further confirmation is necessary before executing the trade. While the price remains above the long entry level (EL) at 1.09437, the pattern is considered valid. Traders should exercise caution and wait for additional confirmation signals before entering the trade. One common approach is to wait for the price to close above the long entry level or look for other technical indicators that support the bullish bias of the Bat pattern. Trading with confirmation helps reduce the risk of false signals and increases the probability of a successful trade. Patience and discipline are crucial in waiting for the right conditions to align before executing a trade. Remember to always use proper risk management techniques and set appropriate stop-loss levels to protect your capital in case the trade doesn't go as expected. Happy trading and may your trades be profitable!
Long
by TradeChartPatternsLikeThePros
5
WTICOUSD: Triple Bullish Divergence at Bullish Bat PCZWe have a Triple MACD Bullish Divergence at the PCZ of a Bullish Bat that happens to align with the 200-Week SMA and the 800-Week EMA. I have generally been bearish on this chart since the highs back in 2022: but the persistence it's shown at this Harmonic and Technical level of confluence makes it hard to ignore the potential for at least a 50% move up back to the level of $100. The 1.618 is at the level of $96.13 but usually if price gets that close to $100, the asset ends up hitting $100, so my target will be $100. I do think that after it hits the level of $100, it will likely come back down and continue the bearish trend all the way down to even $10, but in the meantime, it looks like there is a decent chance of a short-term rally, which in this case happens to be about a 50% move up from the current level.
OANDA:WTICOUSDLong
by RizeSenpai
Bullish Bat H1Open - 1936.04 TP1 - 1951.25 TP2 - 1982.18 TP3 - 1988.01 SL - 1921.59 Always target the 1st take profit once the setup has been validated as it is always reached. This assertion is based on previous setups. Take note that this is a bearish down trend as confirmed by the SMA 200 and Money Flow Index. A buy signal has been confirmed by the Money Flow Index as the RSI is in an oversold position. An engulfing candle will confirm a buy but will hit resistance at 1939.19 and possibly reverse and continue the downtrend. If resistance is broken at this level, continuation is expected to hit the 1st take profit at 1951.25 Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors. Happy trading!!!
FXOPEN:XAUUSDLong
by Khoza
$LINK; LONG SETUP- PENDINGHello friends, This is a free of charge BIST:LINK setup for everyone to share and enjoy. However, this is PENDING and AWAITING for more confirmation. I will update all when the trade is a go and or no go. Arguments- A beautiful bullish pat pattern has flew from the caves and printed a local double bottom right around the .786 fib which is the GOLD standard when looking for areas of potential reversal. Now, we are above a infliction point, HOWEVER it is still awaiting that confirmation hence why the trade is still PENDING, as of now. We see on the oscillator's that regular class a bullish divergence has also developed and is in the process of follow through i.e price action. My stop loss shouldn't be your standard, as everyone has different strategies, however this is something that I would do. This is not trading advise and this trade is not active. This is me sizing up an asset and waiting for the alert to hit send ;) GLHF
BITFINEX:LINKUSDLong
by BShellhammer
NZDJPY VS NZDUSD📈💹 Expert Level Trade Ideas: New Zealand Yen and New Zealand Dollar! 🇳🇿🇯🇵 On New Zealand Yen, we have an overall uptrend movement. Daily chart shows a bit of pullback. Four-hour chart indicates increased volatility with new lows and highs. One-hour chart has a retest of previous support level with a bit of RSI divergence. 🔍 Trading Strategy: Hidden trading opportunities within this chart can be spotted if you know the trading rules. Scan the QR code to learn more and share your findings in our traders cafe. 📈 Weekly Chart: Bearish shark pattern already in play, running at 188 pips. Buying opportunity at 5-0 pattern, 84.36 level. 📊 Daily Chart: Bullish bat pattern presents a buying opportunity at 84.25 completion zone. 📉 Four-Hour Chart: Use the staircase trading strategy. Wait for a pullback at 86.91 for a short or a breakout trade below 86.38 to chase the bearish movement. First target at 85.36. ⏰ One-Hour Chart: Similar situation, no need to repeat. 💼 Love Planning Your Trades? Set rules, look for conditions, and spend 15 minutes a day on your market analysis. Drop me a DM if you want to trade smart and efficiently. #ExpertTradeIdeas #NewZealandYen #NewZealandDollar #Uptrend #BullishOpportunity #BearishSharkPattern #StaircaseTrading #BuyingOpportunity #SetRules #TradeSmart #DMForDetails
Short
by RaynLim
AMZN: Bearish Bat: Anticpating Potential PPO ConfirmationAmazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go lower if it ends up being a continuation of a much more bearish ABCD Pattern from years ago. I think this rally was stirred on by the positive earnings release, but failed to realize how unprepared the guidance was during the actual call, as they hardly provided any guidance for Q3 all they could provide was their hopes but not much beyond that.
NASDAQ:AMZNShort
by RizeSenpai
EURUSD - Breaking Down Buying Opportunities for the Week AheadHere's a look at the FX:EURUSD & the potential buying opportunities that I have on my radar for the week ahead. More specifically what I'm looking at is a potential Bat Pattern with multiple points of confluence that can be used as a strictly in & out type of countertrend trade or an entry into a longer-term continuation setup depending on your big picture view. As always if you have any questions, comments or just want to share you views on the EURUSD please leave them below & please remember to hit that ROCKET SHIP button before you leave to show me some love. Akil
Long
by Akil_Stokes
51
Time to Plan Your Currency Exchange!If you're planning a trip to Australia in the next few months, consider changing some Aussie dollars now. For counter-trend traders, it's a great opportunity to look for a buying opportunity in the AUD. Let's analyze the charts! 📊 The market hit resistance and is now in consolidation, making it a concern for buyers. The daily chart shows an M Formation, with the 0.6600 level as a critical watch. It's likely to be violated before any potential reversal. On the four-hour chart, wait for a buying opportunity with magic candle confirmation. ⏰ On the four-hour chart, a bullish bat pattern has already completed, signaling a potential shorting opportunity. Set alerts and observe the Monday market opening for further confirmation. 📈 The setup is clear and objective, leaving no room for subjectivity. Engage your trade with defined stops and targets in mind. 💡 Trade smarter and save time! Spend just 15 mins a day on market analysis, setting alerts, and enjoying life. DM me to learn how. 💹 Follow my only account @raynlim for insightful analysis and updates. Let's trade with confidence! 📈🇦🇺
Long
by RaynLim
Dollar Yen: Riding the Bullish Wave!📊 On the weekly chart, a strong W formation with a long tail signals potential upward movement. Daily chart shows another bullish W formation, indicating a powerful uptrend. Four-hour chart proves the market's strength after breaking support. Trend traders wait for confirmation above 141.96. 🎯 Weekly Bearish Bat Pattern at 149.45 presents a trading opportunity. Daily Gartley Pattern at X 133.60 offers buying potential for trend traders. Counter-trend traders eye a shorting opportunity at 149.18 on the rise. Four-hour Bearish Gartley Pattern at 143.06 sets the stage for another trade. ⏱️ Spend just 15 mins a day to spot money-making trades! Join our community to master trend identification. 💪💰 📉 Consider the resistance level at 141.25 or wait for a pullback to 139.91 for a buying opportunity on the one-hour chart. 💡 Follow my only account @raynlim for more insightful trade ideas and updates. 📈💡
Long
by RaynLim