USDJPY - Bearish BatA Bearish Bat setup for a Harmonic Patterns as a trend trading trade. I didn't shoot this to my trade ideas community because there is some form of risk on this setup.
The long shadow candle or a pin-bar that was highlighted with the yellow eclipse is the reason that probably you shouldn't engage in this trade.
But I'm getting adventurous today, because base on structure, it is telling me that the buyers can't keep it at the level and close low, which in turn show a pretty strong bearish candle.
Bearish Bat
USDJPY - Bearish Bat PatternA Bearish Bat Pattern pose as a counter-trend trade on the 1-hourly chart gives trader to short against the weak Ascending Triangle on the 4-hourly timeframe.
Depending on how fast the retracement move is going to happen, the Target2 maybe just seated on the retest of the trendline of the Ascending Triangle on the higher timeframe.
CADJPY - Bearish BatA Harmonic Pattern that is fit the criteria of a counter-trend trading setup on the CADJPY has been established.
This is not your usual Bat Pattern but a Fib3 Bat or some called it the Alt Bat which works fine with me.
I'm waiting for the candlestick confirmation to decide should I be shorting the Bearish Bat Pattern on every hour candlestick close.
BTC Analysis Series 1 || Bat PatternI did two separate analyses in daily and 4-hour time zones. February 2021 and the current time of BTC in the 4-hour time graphic caught my attention. I put a screenshot in the left corner of the map. It's just a resemblance. I don't mean it will.
When we examine it in the one-day timeframe, we see a bat pattern in the chart it has drawn up to its current position. But I have to say , if you measure by turning the candlestick chart into a line chart, the bat pattern turns into a shark pattern.
You decide which is more reliable.
I've already analyzed this area on Shark pattern in an analysis I've done in a different language. I think only 1 of the TP. he worked as Target support.
In our analysis, the bat I will go through the pattern and leave it to time.
When I examine the bat pattern, I think TP can come to 0.382 and 0.618 fibonacci support points. I indicated these points on the map.
I intend to continue my analysis in different time periods as an analysis series. In this case, our analysis of this series 1. analysis. In our future analyses, some of them will be simulation analyses based on Indicator data.
In addition, we will also do an analysis through indicator data and add it to our series. I wish you plenty of money already.
Note: it is not investment advice. Opinions are purely personal.
USDCAD - Bearish BatA Bearish Bat Pattern has formed up on the 4-hourly chart. I'm waiting for the current candle to close and may just go aggressive when that happens.
This harmonic pattern is a counter-trend setup, hence when it reaches the blue box, you have to shift stop-loss to entry, well, at least I will.
EURJPY - Bearish BatThis emerging Bearish Bat Pattern is special, it coincides with the daily chart The Cross, for the short form to avoid confusion I'm going to call it Le Cross instead ;D.
I'm going to place a pending sell limit order in this counter-trend trading setup. If it's going to happen, it will trigger before this Friday Market close.
Bearish Bat with Bearish Divergence: 2 targetsBack with another setup with bearish potential on this one.
Short 🩸 Blood Bat Drinks Bull BloodShort 🩸 Blood Bat Drinks Bull Blood
"Did you think you've won?"
Key points:
- Left-wing of the Blood Bat functioned as a Bullish Pennant chart pattern
- Right-wing of the Blood Bat functioned as a Bearish Pennant technical analysis pattern
- The Body of the Blood Bat made people imagine Head & Shoulders
It's not Head & Shoulders, nor a bull run.
The Blood Bat drinks the blood of bulls and bears alike.
SGDMYR XEOn 29Jul21, Malaysia Ringgit has retested the previous low at 3.1348, which means 1SGD exchange for 3.1348MYR.
If you are earning SGD and spending MYR, it is a good time to consider changing most of your expenses for the next few months to MYR because it is at its recent historical low.
There is a high possibility that SGD may weaken against MYR or MYR may strengthen against SGD, in any way it is 60% unlikely that SGDMYR to go beyond(higher) than 3.1348MYR provided there isn't more shock to the market on Malaysia Political scene.
If you are looking to short SGDMYR, just check if the spread is too much, if the spread is more than 5pips, it's too much.
BAT POSSIBLE TO 1 USD - INTERESTING SIGNALS AND TRAGETS ETN TOOLHello trading friends,
Bat could enter a new breakout and new increase to 1 USD + depend on the last data.
There are some interesting targets on BAT that show a possible increase trend.
We know #BAT as one of the best coins that have whale fan data. it means whales hold it by DCA for the long term, and from this period BAT looks to have a good healthy increase trend to 1 USD + we will follow coming time this data as this coin looks interesting
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# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
Double ABCD Competition on QuaterpointThe crosover point sent the price up, there was rejection from the quaterpoint and pattern completion, now we see a bat pattern forming, i"m going to wait for this to drop to the 886 before waiting for rejection and the potentially taking long!
(I may also scalp back down to the 886)