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Bearish Bat

GBPNZD > Bearish Bat Might Come Soon!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #GBPNZD Hello friends. This is another harmonic bearish bat pattern similar to my analysis on GBPAUD that might complete soon to provide a reason for a sell trade, notice how the market slides from this zone almost 420 pips I would like to see a reversal pattern on the lower time fame as I don't want to sell in the face of this strong move-up. Safe trading everyone Check today analysis below⠀ >> "The goal of a successful trader is to make the best trades. Money is secondary" _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
6
GBPAUD > Bearish Bat Pattern for A Sell!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #GBPAUD Hello friends. This is a harmonic bearish bat pattern that might complete soon to provide a reason for a sell trade. I would like to see a reversal pattern on the lower time fame as I don't want to sell in face of this strong move up. Safe trading everyone Check today analysis below⠀ >> "The goal of a successful trader is to make the best trades. Money is secondary" _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
5
BAT Fighting for turning the tablesWe see here BAT in a bearish momentum since weeks, but here it broke the Divergence line from previous ATH and rocketed with good volume, this maybe be the change of a trend. 3 possible views: PATH 1: The more optimisstic one. We got good volume and the price is holding well. It touched the 1st fibonnaci level but for now, if keeps this way, will face the strong resistance level above in short time. Hard to break it, but if does, will skyrocket. My chances are 20% PATH 2: The bullish trend. The chart will bounce to 2nd resistance level and maybe we see the break of the trendline, but I think will hold it and will keep rising price as the days pass. But the resistance zone is hard, but if mantains will hold the price with the upper trendline or will create another, but close to the resistance zone . Chances 35%. PATH 3: The bearish trend. This is the logical one. Yes, the divergence broke but the below trendline (resistance below) and the upper channel stays in a downline trend. It will touch the resistance above, but will fall to atleast 3rd zone of fibonnaci. Chances of 55% Im not optimistic with BAT, but we need to be realistics. Comes from a long bearish momentum that it doesnt seem to stop, we maybe see some light if PATH 1 appear but the general market is going downwards. Thank you.
by caramelitoCT
1
AUDUSD - Bearish SharkHave you shorted this wonderful setup? The beauty and challenge of this trade is that it has a Bat Pattern within the Shark Pattern. The good thing is that it completes at the same point and the bad thing is that by the rule of it, the bearish bat pattern has a stronger influence over the bearish shark pattern. Either way, I'd shifted stops to entry and observe closely how the market react at the 1st target. And also, on the daily chart, it has a head and shoulders formation, although it didn't fit our criteria to short it does give additional points to the entire setup.
Short
by RaynLim
Bearish BatBearish bat formed after hitting the daily R1 pivot resistance point. I would expect a drop down to the daily S1 pivot support point (also the new weekly pivot point - convergence of these points offers strong support here) or even farther to the back to the new weekly S1 or monthly pivot. Support can be found at the daily S2 and S3. Let's see how London and New York feel on this new Monday, cause Asia has already had lunch and is on coffee number 3. Looking for a 3-4 hour close below the daily pivot point to trigger the short. I am always bullish long term on BTC, but it is nice to make some quick daily/swing profits to add to the bag.
Short
by TJ3x3x3