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Bat

USDAUDThe bearish bat harmonic pattern is a technical chart pattern that can be used to identify potential selling opportunities in the USD/AUD currency pair. In this case, the pattern has formed and a short trade entry has been identified at a price of 1.4856. The stop loss has been set at 1.4929, which is above the recent high of the pattern, to limit potential losses if the trade goes against the trader. The take profit level has been set at 1.4783, which is below the recent low of the pattern, indicating a potential price target for the trade. This level represents a potential profit opportunity for the trader. However, it is important to note that there is no guarantee that the trade will be profitable, and traders should always use risk management techniques and trade with caution.
Short
by ahsankhan8012
AUD-USD: POSSIBLE REVERSAL| SHORT SETUP| HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. AUD-USD Forex pair is moving in a Bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish Bat Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bearish movement of the instrument till PRZ.
Short
by haroonsiddiki
AAVE/USDT - Bat - Bearish Reversal Pattern Formation - HarmonicsAAVE/USDT looks to be forming a bearish harmonic pattern. In this case, we're referring to the Bat pattern in the AAVE/USDT market, which is a technical analysis tool used to identify potential trend reversals. This pattern is identified by specific price levels that form a distinct shape on the chart, which can help us predict future market movements. Now, in terms of how we can take advantage of this pattern, the idea is to enter long positions until the price reaches what's called the "potential reversal zone". This zone is an area on the chart where we would expect the price to reverse and start moving downwards. Essentially, we want to capture as much of the upward momentum as possible before the market turns bearish. It's worth noting that trading is never a guaranteed win, and the Bat pattern is just one tool among many that traders use to make decisions. As with any trade, it's important to perform your own research, develop a trading strategy, and practice good risk management techniques to ensure that you're making informed and responsible trades. In summary, the trading idea for AAVE/USDT is to enter long positions based on the current Bat pattern formation, and hold them until the price reaches the potential reversal zone. By doing so, traders can potentially capture profits from the upward momentum while managing their risk.
by Tempo_Trades
459pips or 89pips of profit, which will you choose? If you have to choose only one trading setup, it is understable you would be choose the 459pips setup. But as a thinking trader, we have to be aware of what kind of trading setup provides such trading opportunity. The 459pips is from a counter-trend trading opportunity on the daily chart(right). I'm looking to short at 1.2395 and exit at 1.1937, for that to happen a restest at 1.2395 is required. On the flip side, Trend Traders could wait for a buying opportunity off the Bullish Bat Pattern on the 1-hourly chart(left), the entry price is at 1.2308, candlestick Pattern confirmation is required. Which side would you choose? The Bear 🐻 or The Bull 🐮?
Short
by RaynLim