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Bearish Bat

EURJPY - Type2 Bearish Bat A counter-trend opportunity on EURJPY as the market presents a Type2 Bearish Bat Pattern setup. Trade has already been engaged and it takes on an aggressive approach, well, sort of. The market did have a confirmation before(circled in yellow) right now is the retest or known as double top to some. The only concern is that candle confirmation(circled in yellow) is kind of weak and the current candlewick is kind of long as it is a sign of weakness towards the downside. We will be observing closely on the market movement and will take necessary steps.
Short
by RaynLim
USDJPY-Weekly Market Analysis-Aug20,Wk4USDJPY has been very versatile there are many possibilities in this chart movement. A Bullish Shark on the 4-hourly chart, a Bearish Bat, a Bullish Deep Gartley on the 1-hourly chart. As for now, I'm waiting for the Bearish Bat Pattern for shorting opportunity. Well, why do I say this? Sometimes this is the truth about trading, many opportunities and there are various possibilities, it is important for us as traders to relinquished our ego and wait for trade confirmation before engaging the trade.
Short
by RaynLim
1
NZDUSD - 5-0 Pattern Grand PlanLast week the 5-0 Pattern was spotted and the trading opportunity was share in our group(link at the bottom). The candlestick formation and RSI Overbought was not the only reason that triggers me to short the market, but also on the higher timeframe, the daily chart(right) has a bearish bat setup. Although, the bearish bat pattern has triggered alert of this trade is a No, No, I see there isn't any harm doing that as I'm getting a healthy RRR(Reward:Risk). I had engaged the 5-0 pattern and plan for a 2 target approach, the second target that I am planning is no other than the Target1 of the bearish bat pattern. But hey Rayn, I thought you were saying there's a warning sign on the bat pattern and you circle it in yellow? Yes, having a warning sign means it's not ideal to engage the trade. However, I had an opportunity on a lower timeframe to engage it and I'm prepared to intervene in my second trade if the market shows the trend is going to reverse. Let's see how this trade pans out, I have more plans to engage this trade. Follow us in our community and don't miss out another trading opportunity ever again.
Short
by RaynLim
FKLI TRADING : 129) still in the bracket 1605 - 1512this is trade 129 frm haidojo trading... - the bearish bat pattern is somehow still valid..with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587, 2nd tp 1560 the tighter range is 1585 - 1560...and the TREND is still DOWNTREND...short on rebound is still valid... higher resistance : 1598- 1605 red box and bearish bat pattern current resistance : 1585 current support : 1547-1560 lower support : 1512-1520 green box and bullish cypher pattern WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 124) BEARISH GARTLEY PATTERNthis is trade 124 frm haidojo trading...CLOSE ATTENTION to the : - a possible bearish bat pattern formation in hourly chart...with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587, 2nd tp 1560 fkli-aug closing close to the 1585 resistance level tdy... resistance : 1585- 1605 (the red colored rectangle ) support : 1547-1560 lower support : 1512-1520 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 121) bracketing the market with advanced patternthis is trade 121 frm haidojo trading...2 messages here tdy... 1) a possible bearish bat pattern formation in hourly chart...with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587, 2nd tp 1560 2) lower level we have long-awaited bullish cypher pattern ranging frm 1512-1520...SL a few points below the 1500...1st tp 1560, 2nd tp 1587... with these 2 possible advanced patterns, we successfully bracketing the market within the range of 1605 - 1500...and make a simple call-to-action plan... resistance : 1585- 1605 (the red colored rectangle ) support : 1547-1560 lower support : 1512-1520 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW " are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!
by HAIDOJO_trading