Bearish Bat
Trade Ideas Educator: USDCAD BatInterestingly not sure how I had missed this setup, it was drawn before the weekend falls. Well, it looks pretty fine and I will observe at the 10am(+8GMT) candle close to deciding if the trade should be engaged.
A sell limit will also be placed for the retest of the high to engage the trade as a trend trading setup for this bearish bat type2 entry opportunity.
Trade Ideas Educator: AUDUSD SharkThere is a setup on the bullish shark pattern(grey) as well as a bearish bat(light red) on this 4-hourly timeframe.
Is a high likelihood on the completion of bullish shark for a countertrend trading opportunity than the bearish bat pattern, however if the bearish bat pattern forms up before completing the shark pattern, it will generate an even better trading opportunity for the setup.
EURGBP | Bearish Bat + Bearish flag patternEURGBP | Bearish Bat + Bearish flag pattern
- Bearish Bat point-D validated?
- Bearish flag pattern indicates down trend
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Bat Pattern:
Point-B | 38.2% - 50% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 88.6% of XA
PRZ | 161.8% - 261.8% of BC
Trade Ideas Position: NZDJPYA bearish shark formation forms inline within the minimum requirement.
I will wait for a close of the 1-hourly candle and plan in for this countertrend trade within the sideways bounce setup, did I not mention it is also a bearish bat type2 setup. It will be a stack trade.
Trade Ideas Position: GBPUSD BatA bearish bat pattern has shown up in the same region of as the type2 bearish butterfly within sell zone and it is a trend trading setup. Sounds good?
In most cases it is, but for this, there is a warning sign of a bullish flag pattern. Because of this, I do need further confirmation before engaging in this trade.
Trade Ideas Educator: NZDJPY BatA bearish bat setup within the sideway bounce and within the type2 bearish shark setup on the 4-hourly timeframe is like the most amazing setup that enables me to stack trade.
Yeap, that's the new term I'm calling it, low-risk, high-return. Having any consolidation before the near completion of the pattern worries me and got me really uncomfortable. I will need confirmation to engage this trade.
Protraders Stack Trade: AUDUSD BatThis is an interesting setup and trade plan for me. Right now on the 1-hourly chart, it presents a bearish bat setup. I will have to wait for market confirmation to engage this trade as there is a couple of level of resistance above the sell zone and when this combo with the market consolidation, there is a possibility that the market may break and close above the bat pattern.
I'm heading for a short and extend to a lower level for a shark pattern setup on the 4-hourly chart.
From the shark pattern, I'm waiting to buy up to the previous structure high on the daily chart a retest of resistance of existing double bottom.
Confused? Just stick with your trade plan, a bearish bat setup is good enough