Bearish Bat
ET#008: CADJPY — Bearish BatMarket Trend: Day. Up Trend.
Strategy: Bearish Bat
Trade Action: Short. Counter Trend.
RSI: No Oversold w Divergence
Entry Trigger: Bearish Engulfing
GBPCHF Shorting Bat PatternIndicators look. Momentum breaking down and coming out of over sold area on RSI. Should be an easy trade. TP1 38% of AD leg. TP2 61.8% of AD
GBPAUD BAT HARMONIC GBPAUD has met my requirements for a BAT Harmonic Pattern .
-There is a chance of 100-300 PIPS that can be made with a 40 PIP Stop Loss.
-There is also divergence lining up on RSI.
-Target 3 is also lining up with the completion of another Harmonic Pattern so I am expecting this swing to turn out nice
As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the GBPAUD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
Potential Bearish Bat EUR/JPYHey Traders,
As price is pushing up, we have a potential advanced pattern presenting itself at 122.239 in the form of a bearish Bat. As usual, I will be setting my targets at the 38.2 & 61.8. Stops will be below X, you might be wondering why I don't exactly mention where my stop placements are set. I strongly advise people to only trade strategies that you have back-tested and collected proven data, by doing so you should trade in correlation to your back-testing.
Please check your data on this trade and ensure your C leg is not lower than A leg as that will invalidate this pattern.
Well, let me wish you a lovely weekend. Unfortunately, I have dislocated my shoulder and typing this with only one hand. Plan to rest this weekend and avoid straining the muscle and nerves already damaged.
Have a good one traders.
Sell ShortsThis chart that I created 5 days ago that I was using to trade with was very accurate. It bounced off the 6 month resistance line at 179. We will not see any higher highs than 179. Going to retrace back down to 156 area. Major support leads there. The Chinese New Year is coming up in a week. Crypto has never been up in the Chinese new year before. Listen to the charts. Unless it breaks the 179 resistance line I am extremely bearish until February 4th.
Trade Ideas Position: NZDJPY BatA bearish bat setup on this timeframe does not necessary got me interested to engage this trade.
However, look how nicely the candle close as a long shadow and below the previous candle high. I already have the intention to short at the market based on the daily chart.
This provides a better price entry then to engage it directly on the daily chart.
Just take note is not my usual trade style off 4timeframes away but this is a 1 off thing.
Trade Ideas Position: NZDJPY BatA bearish bat setup that is still valid with the arrow indicator as a selling opportunity. The market has already checked back to the recent arrow and pose a potential trading opportunity.
What is your trade plan? I have mine prepared. Comment down below.
ET#006: NZDUSD — Bearish BatMarket Structure: D, Downtrend
Strategy: Bearish Bat
Trade Action: Sell, Trend Trading
RSI: Oversold, Divergence
Entry Trigger: Doji + Confirmation
Trade Ideas Educator: EURJPY GartleyUsually, this is a setup I won't be interested, but this round, I had even placed a pending order for this trade. So let's start with why not.
1) Point C touches A, not a good sign and very much look like a retest of support and it does have repetition.
2) It is a counter-trend setup based on this timeframe.
3) Do not provide a healthy reward:risk base on this timeframe
Now, the reasons for me to engage this trade and the trade, and already placed my pending order.
1) EURJPY daily chart is on a bearish trend and it's merely a retest or the high, target1 has not officially reached yet.
2) There is an obvious break and close below the support based on the daily chart, after the Point D completion.
3) Is trend trading based on the daily timeframe
4) Trade based on special strategy, it provides a fantastic Reward:Risk.
For more information, check the link on my signature at point (3)
Trade Ideas Educator: AUDCAD BatThis bearish bat setup is 1 of my favourite for this week and that's because on the daily chart Point X to Point A is the move that breaks a few small support level. Although if the market break lower and close lower it will be even better, this is something I can't complain about.
This trade may enable me to have a trade extension on a trend following setup. A break and close below point A will ensure that to happen. Let's see how this trade goes.
Well if you are searching for help and a community, have a look at the links on my signature, hope to see you soon in our TIP community.
Dollar near resistance ahead of NFPThe Dollar Index is near a target zone of the bullish Gartley pattern and near a very interesting resistance zone that includes:
2 daily MA lines
The bottom of a broken channel
Harmonic pattern - Bat
Structure
Interesting bearish setup towards NFP today
Bearish Bat PatternI created this indicator that shows these harmonic patterns.
I thought i would share one of the patterns here. Currently running this pair
Very nice entry and exit
ARPABTC 2HARPA about to do Breakout, there is H&S and probable of the Bat Pattern and CUP. Bullish is soon, Good luck!
ETH bearish batBITMEX:ETHUSD $ETH is in bearish posture. Key level to watch is 103-106$ level. Momentum on weekly is gaining traction. But it needs to break above 150-160 to be confident of bullish momentum. For now this is a trade of what i'm looking.
Trade Ideas Educator: GBPJPY BatA bearish bat that may turn into a bearish shark or invalid pattern as Point C touches Point A. This could give a second chance entry for traders who might just have missed the shorting opportunity on the daily timeframe.
#Litecoin 690% profit in next #Bullrun, #BearishBAT in process?#Crypto #Bullrun2020
#Litecoin is Back in #Accumulation Zone, I have been charting Major crypto for accumulation & I believe 2020 will be the year we will see some good action from #Crypto.
as you can see on the chart there are 2 possibilities, we are in process of building a Bearish BAT that should pump the price from the support level of 36-25$ all the way to 300$ along with it we might be building a Double bottom pattern as well that should get us to at least 138$
Another one for accumulation is #ETH -
make sure to leave a comment & if you agree then hit that thumbs up
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
LONG #Bitcoin #Long to #Short, #Bearish #BAT & #DoublebottomIf you have been following me for a while then you know I am a huge fan of Double bottom & double Top, they are one of the simplest patterns that you can find on the chart, I have been trying to learn BAT/Cypher patterns & the only way to do it is practice
So here's another one why I feel this is the double bottom is the cause of we have been seeing some consolidation around the support,
Also there is a triangle forming
I mentioned yesterday that I am interested in longing if the daily candle is able to close above 7181 & I feel there is one final push left in the tank on the upside before we head down to lower levels of the wedge -
So risk-takers can enter a long trade based on the chart, Manage your position size accordingly & Never trade more than you can afford
I will also enter short as per my previous analysis - It is still valid only delayed,
You can track that idea here
make sure to leave a comment & if you agree then hit that thumbs up
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
Bittorrent / BTTUSDT 4HBTT coin trying to the breakout, there is triple bottom. The potential of the Bearish Bat Pattern attract attention possible on the uptrend and I think it seems possible.. Good luck!
Trade Ideas Position: AUDUSD BatA bearish bat setup before the eve of Xmas, looks like there is still trade setup for this. On the 4-hourly chart there is a type2 bearish shark setup, what's your trade plan?
