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Bat

A mistake that most traders might makeOn the right is the daily chart, and on the left is the 4-hourly chart. It is a common mistake for traders that have been trading for 3-5 years and believe that the higher timeframe always supersedes the lower timeframe. Similar to corporate hierarchy, our superior is not always correct. There are a couple of factors that determine that. One of it depends on the overall market bias on the currency. My Bias on the US Dollar pairs remains bullish; hence, I'm not motivated to short USDJPY aggressively when the market has a Bearish Bat Pattern formation. I would require to see a further market confirmation, like a Double Top form at completion, giving me an RSI Divergence before shorting the trade. On the other hand, I'm waiting to long the USDJPY at 135.00 on the 4-hourly chart, which happens to be the Key Support Level.
Long
by RaynLim
2
I told you so...This is 1 crazy trade that we did on 22 Feb 23 (links within the TradingView Post). If you have been following us for years, you would agree that my interest in sharing LIVE analysis than to show how much I had earned in a trade. That is because I do not find how that could benefit you. With that said, the purpose of my sharing my analysis as it is; is to show you the thought process of how traders react at every turn. Currently, we are 40pips away from our target of 0.6688(+219pips), which gives us a profit factor of 8.11. That means for every $1 we risk, my potential profit is $8.11. That means even with a 20% accuracy rate by setting every loss at -50pips, my net profits in pips is 411pips. This significantly reduces the level of stress when we trade and give us more time to do the things we love to do. In an unlikely scenario that the market retests back to 0.6786 would allow traders to consider if they would hop on the latest trade with their first target points to the recent low on the 1-hourly chart. In this example, that would be 0.6721, giving the First Target a 65pips profit potential. I would recommend having good risk management and planning your own trade, and not following the trade blindly.
Short
by RaynLim
Cocos-BCX formed bullish BAT for upto 23.50% pumpHi dear friends, hope you are well and welcome to the new update on the Cocos-BCX with US Dollar pair. Recently we caught more than 31.50% pump of COCOS as below: Cocos-BCX forming a bullish Gartley for upto 31% pump Now on a daily time frame, COCOS has formed a bullish BAT pattern for another price reversal move. 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
CLong
by moon333
1
Harmonic Bat Pattern for traders can apply on any time frameThe Bat is defined by the .886 retracement of move XA as Potential Reversal Zone. The Bat pattern has the following qualities: Move AB should be the .382 or .500 retracement of move XA. Move BC can be either .382 or .886 retracement of move AB. If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consequently, if move BC is .886 of move AB, then CD should be 2.618 extension of move BC. CD should be .886 retracement of move XA.
Education
by BasharatAliMaher
4
Request (REQ) formed bullish Gartley for upto 18% pumpHi dear friends , hope you are well and welcome to the new update on Request (REQ) with US Dollar pair. Recently we caught more nice pump of REQ as below: Now on a 4-hr time frame, REQ has formed a bullish Gartley pattern for another price reversal move. (infact with US Dollar pair is forming bullish BAT , but with BTC pair REQ has completed a bullish Gartley , therefore, for easy understanding of targets I am sharing this bullish Gartley move with US Dollar pair) 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
Long
by moon333
2