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.
Bat
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!!!
$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
GOLD XAU/USD IS GOING TO START A BULLISH CYCLEHi traders!
We have a bullish bat pattern in XAU/USD.
To take this position consider the following:
1) First, the price has to breakout the dynamic channel specified at the graph
2) Second, the structural resistance level has to be broken.
When the two levels (bearish resistance channel and resistence level) have been broken, you could enter the position.
Good trades :)
Merit Circle (MC) formed a bullish BAT for upto 35% pumpHi dear friends, hope you are well and welcome to the new update on Metal (MTL) token with US Dollar pair.
Recently we caught almost 57% pump of MC as below
On a 4-hr time frame, MC has formed 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.
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.
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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.
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
STP (STPT) formed bullish BAT move for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of STP (STPT) with US Dollar pair
Previously we caught almost 29% pump of STPT as below:
Now on 2-hr frame, STPT has formed 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.
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.
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💹 Follow my only account @raynlim for insightful analysis and updates. Let's trade with confidence! 📈🇦🇺
Bounce Token (AUCTION) formed bullish BAT for upto 27.50% pumpHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with US Dollar pair.
Recently we caught almost 300% pump of AUCTION as below:
Now on 2-hr frame, AUCTION has formed 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.
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.
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📉 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. 📈💡
📈 Master the Bullish Trend: Earn Income with Effective Trading 📈 The Euro dollar has shifted from a bearish to a bullish trend. On the weekly chart, we can see a violation of the previous resistance, indicating the overall trend is now bullish. However, this doesn't mean you can't consider shorting opportunities, just be more conservative with your targets.
🔍 Moving to the daily chart, the bullish trend is evident, and the RSI near the bottom signals a potential buying opportunity soon as the market is oversold. On the 4-hour chart, those trained in reading patterns might spot some opportunities right away.
💡 Pause the recording and share your findings, entry price, and trading strategy in the comments to learn and grow together. If you're not confident in spotting trends, join our community through the QR code to interact with like-minded individuals and learn how to trade.
💼 My analysis: On the weekly chart, while we're in a bullish trend, the resistance level at 1.1232 suggests both buying and selling opportunities. For a shorting opportunity, I'll wait for a counter trend or confirmation pattern at that level.
📅 On the daily chart, you can look for simple candlestick confirmation to buy at the current level (1.0974). On the 4-hour chart, a secure buying opportunity awaits with candlestick confirmation on the D price completion of the bullish bat pattern. The first target will be conservative, and I'll shift my stops to entry for a risk-free trade.
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Follow me on my only account @raynlim for more trading insights and updates! 📊📈
Bullish Bat Pattern within Buy Zone📈 CADJPY Bullish Bat Pattern 📈
Exciting opportunity on CADJPY! 🦅 A Bullish Bat Pattern is forming within the buy zone. 📊 Conservative traders target 106.79, while adventurous traders set their own targets. Remember to manage risk and stay informed. Follow @raynlim for more trading insights. Happy trading! 🚀
🐻📉 AUDUSD Alert! Bearish Bat Pattern Signals Sharp Correction 🚨 Attention traders! We have an exciting bearish setup on AUDUSD that you don't want to miss. Our previous bullish setup on AUDUSD was a resounding success, allowing us to secure profitable gains. Now, it's time to switch gears and capitalize on a new opportunity as the tide turns bearish. 📉🦅 The formation of a bearish bat pattern, coupled with two strong confirmations, suggests a sharp correction is on the horizon.
The bearish bat pattern has emerged, indicating a trend reversal. This harmonic pattern is known for its high success rate and presents an excellent opportunity to capitalize on the downward movement.
confirmation n°1 : Adding to the bearish thesis, the last candlestick has formed a rejection pattern precisely at the resistance level, highlighting significant selling pressure in this area. This optimal entry point allows us to ride the anticipated sharp correction.
confirmation n°2 : Furthermore, the RSI indicator is currently in the overbought zone, signaling a potential shift in momentum. This further supports the bearish setup and increases the probability of a downward move.
To take advantage of this setup, I recommend entering a short position around 0.68775. Our first take profit level is set at 0.67900, which coincides with a liquidity pool where potential support could be found. Our target stands at 0.67000, representing a significant downside potential.
Keep in mind the importance of proper money management. It is essential to respect your risk tolerance and avoid risking more than 2% of your account on any given trade. Stay disciplined and protect your capital. 💰💪
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🚀