Bearish Bearish Bearish Bat Pattern !!!!As CAD is stronger and CHF is weaker due to Trade War Optimistic
This pattern might complete. Wait and see!
Bearish Bat
Trade Ideas Educator: GBPAUD BatA bearish Bat pattern forming up on the daily chart may hit sooner than expected due to the optimism of recent development of brexit deal.
Next week pose treat to this currency as both GBP and AUD will be of a highlight.
GBP due to Brexit talks and potential of dissolving the parliament and Queen's speech.
AUD is affected due to the development of China-USA trade war, though it's better now but any changes or development will affect AUD.
AUDUSD - Bearish Bat CompletedAUDUSD finally completed the Bearish Bat pattern.
H1 showing a double top reversal.
Trade Ideas Position: NZDJPY BatA bearish bat pattern come in line with the bearish crab pattern my favourite pattern over pattern setup which simply means that 2 patterns converge and fulfil at point D at the same price or close enough(within the PRZ of 1 pattern).
Trade has already engaged as it fulfils the requirement for this trend continuation trade.
Trade Ideas Position: GBPUSD BatBearish Bat setup trade has already engaged as it is a valid trend trading setup with a reasonably good reward: risk ratio.
AUD/USD short posiotionHere is a nice bat pattern that formed on the Aussie dollar pair. this is one opportunity not to be missed.
there are three reasons that could lead to this beint a winning trade and only one reason it could be a loser.
WINNERS
1. the obvious reason that a bearish pattern has formed
2. if you look at the long term trend of the market you will see that the market has been in downtrend for a while now and as a trader you must have heard that never trade against a trend.
3. the rsi on a few time frames also suggest a consequent downward move (weak reason to initiate trade)
LOSER
1. after the market hit its lowest point which has been on one or two times, it printed a one two three move and we know what those mean = impulse.
this is only my idea of the pair, please feel free to leave a comment and let me know what is your point of view.
happy trading
SPX500 formed 2 big bearish harmonic patternsSPX500 formed 2 big bearish harmonic patterns
On the left is bearish gartley pattern, and on the right is bearish bat pattern
Bearish bat pattern completed on 22/10, and right after it appeared a bearish engulfing candle
Currently the price has pull back to the neckline area, therefore we can short now
SL : 3030
TP : Follow arrow
Trade Ideas Position: AUDUSD BatA bearish bat setup for a shorting opportunity. I'm waiting for a restest for a type2 bat pattern. Based on the overall picture, this trade is still a trend trading opportunity.
Trade Ideas Position: AUDUSD BatA bearish bat setup for a trend trading traders. As there is such a strong bullish run, I will be waiting for market confirmation before engage for a short, but it surely seems good to short it.
Have to take caution when market retest the broken trendlines.
BTC - Bearish BatThis looks like it could be a possible Bearish Bat Pattern.
Just a possibility, BTC does like to play out Bat and Gartley patterns quite often.
- If it drops below the 7900 low clearly, then it will be invalid.
The three profit points are based off Fibonacci retracements.
Lemme know what your thoughts are below.
Litecoin Long Term Potential Bearish BatJust an idea for now ;) Showing Hidden Bullish Divergence on the MacD as well as Bullish Convergence on the RSI. I think their is a lot of confluence with critical fib nodes here!
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Trade Ideas Educator: NZDJPY CrabA bullish deep crab setup on the 1-hourly chart on NZDJPY has a deeper entry of the 4-hourly 5-0pattern.
I will be observing how the market react at 5-0 pattern completion to decide if to engage the deep crab pattern and may even extend the target deeper.
GBPUSD-Weekly Market Analysis-Nov19,Wk1A buying opportunity for the bullish bat will definitely need confirmation before engaging this trade, may extend target the daily chart bearish bat pattern.
GOLD Bearish Harmonic Bat completed with an Ascending TriangleThe Harmonic Bat Pattern which was developing (look at the related post) completed at: 1517.82
Trendlines reveal an Ascending Triangle.
Prior to the pattern we see a significant uptrend, in that case the Ascending Triangle indicates that the uptrend trend is more likely to continue.
Profit target for this pattern is 1568.18
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GOLD: BEAUTIFUL BEARISH BAT PATTERN IS COMPLETING on 4h, 1h, 15m
Sell at D point (1514,6)
Targets and Stops on the snapshot.
LINKBTC Short BearishLINK is forming Alternative bearish BAT Pattern, which is comming right into PRZ (Potential Reversal Zone). If there will be bearish reaction, sell LINK and we will buy it on lower price ! :) Targets, PRZ, Bat pattern in chart :)
GOLD - BEARISH HARMONIC BAT COMPLETITION ON 15min chart
Completed Bearish Bat Pattern on Gold at 15 min chart at market.
Sell at D point. Looking for Tp1 and Tp2.
H4 AUDUSD Short Term Shorting OpportunityLong term analysis for AUDUSD is Uptrend in general.
However there are always opportunities to go LONG and SHORT based on different time frame considerations.
Found a nice Bearish Bat on H4 on this pair and it is completing soon at Point D (0.68690). Different approach to this trade (Stop loss as required):
1) Short at Point D but note that there are basing action prior to D completion. Aim for TP1 full exit or partial exit and set SL to breakeven to protect the position. Full exit at TP2.
2) Let the pattern complete at D, look for bearish candle and sell the pull back.
3) Do nothing and let the price play out since this Bat formation may fail which create a buy opportunity (a strategy that I had personally tested out numerous times)
Ultimately I am looking to buy at the area if Price gets there... so shorting it down is just an alternative for traders who are looking for more trade opportunities.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
SPX Bearish BAT near 0.786 Fib Retrace: Rollover Imminent?Pretty compelling graphic; the 1.621 BD resonance strongly suggests imminent rollover. This pattern has been long in developing and bulls are reluctant to give up gains.
I expected retest of TL at 3010; got to 3003 on Tuesday and fell back to the 0.786 Fib line. Still can have a washout top to test that TL, might get bullish Friday.
This feels like an extended, exaggerated B wave in an ABC, although it has dragged on for so long it seemed as if it would just keep grinding along in a flat.
See my related post on DJIA. That one already overshot the 1.618 harmonic, relatively greater strength in Dow Index carried it above the resonance projection.
Sudden enthusiasm over ERs or global good news could easily break this pattern and send prices to test the ATH. This harmonic pattern does favor R/R for shorting.
I've been fooled twice by this whipsaw and stoplossed both last week and again yesterday but pattern does appear to be nearing completion.
This is not investment advice; just another crackpot idea; trade at your own risk; GLTA!
