Trade Ideas Position: EURUSD BatBearish Bat with PRZ fulfilled and market checkback. Trade engaged as a countertrend trade.
Will observe on the second target for a potential target extension.
Bearish Bat
US 30 BEARISH BAT INSIDE BULLISH BUTTERFLY!The 1.618 resonance with AB = CD is compelling. This is extremely Bearish. Expect a big selloff imminent.
Larger picture is inside a Bullish Butterfly formation; IF this completes and plays out as projected; the termination of Bat's Wing will be a terrific Buy Opp IMO.
This isn't advice; trade at your own risk! GLTA!
GBPJPY Bearish BatGBPJPY down
GBPCHF down
JPYCHF up
Selling opportunity on GBPJPY wait for completing Bearish Bat
Trade Ideas Educator: AUDUSD BatOn the daily chart, the market has my favourite setup, a descending triangle, however, the sad news is that the RSI wasn't overbought which is important to me for that strategy of mine.
Hence, I will be waiting on the 4-hourly chart for a selling opportunity on a bearish bat completion. Given that it will then have an extreme break of the trendline of the descending triangle, however, if the market touch D price tomorrow and close back down within the red trendline, base on the daily chart the descending triangle will still be valid.
Of course, such movement is unlikely but is a good observation for tomorrow's market movement.
USDJPY-Weekly Market Analysis-Oct19,Wk3A Bearish Bat setup within the supply-demand zone with a magic candle which in this case may read as tweezer tops. I will go for an aggressive short when market opens on Monday, let just hope that no major gap happens.
If a gap above and close above, I will have to scrap this trade-ideas.
If a gap below and close below, I will have to wait for a retest for a better entry opportunity.
USDJPY double bearish bat pattern USDJPY double bearish bat pattern
And touched resistance structure
Good to short now
SL : 108.510
TP : Follow arrow
Trade Ideas Position: CADJPY BatA bearish bat setup is valid for a trend trading trade on the higher timeframe, daily chart.
Trade Engaged waiting for reversal to take place.
CADJPY Bearish BatCADCHF sideway
JPYCHF up
So looking for opportunity of SELL CADJPY
Wait for completion of Bearish Bat at red zone
GBPJPY Bearish BatGBPCHF down
JPYCHF up
So looking for opportunity of SELL GBPJPY
Wait for completion of Bearish Bat at red zone
Trade Ideas Position: NZDUSD BatType 2 Bat Pattern is not the usual setup I'll trade especially the initial Bat Pattern Setup has hit Target1. In this case, there is a Consolidation pattern, a symmetrical triangle or better known as pennant having the 1st break to the downside.
That signal a higher probability of downward movement. More important it gives a great reward:risk.
Trade Ideas Educator: AUDUSD BatA bearish bat setup that requires further confirmation, ie a break of support retraces to form a lower-high to engage the trade for a shorting opportunity. Target may extend further as I believe AUDUSD may have a depreciation that will catch many traders unexpected.
BTCUSD: Further decline imminent, Accumulation phase.Please leave feedback and opinions if you disagree I'm open to criticism.
like or follow if you agree. And I'll return the favor.
The above chart is based on the line break technical analysis.
I have drawn out the forcasting Bollinger band path of movement.
1 day chart we have bounced off the 20 day moving average, we are now below both the 20 and 50 day moving average, if Bitcoin attempts a recovery we won't see $10,000 again. 10k is gone. The 20 day moving average has become strong resistance and we are heading down further for accumulation prior to halving in May.
USDJPY potential bearish bat patternUSDJPY potential bearish bat pattern
around 108.300 will be a good area to short
SL : 108.520
TP : Follow arrow
Weekly Bearish Bat to retest $300 on LitecoinSo i have already posted a chart of my Bullish outlook on the BTc pair for LTC so far so good. Now i think it's about time i do the USD comparative.
As you can see in the chart we are in a major area right now and we seem to be trying to get above and out of it and at the same time we seem to be forming a harmonic pattern.
it's a bearish one but one can go long on the swings especially considering how much of a move up this last wave potentially has for us.
The PCZ of the pattern happens to line up with the ATH So if we can break out of this critical area i see no reason why LTC wont continue it's ascent back to the 300s.
GBPCHF ShortIve already made plenty of money shorting from the D point. GBPCHF still has yet to hit my 618 take profit. This short aligns not only with my technical analysis, but is right below my 200 ema and thus is ready to head down. My analysis on bxy is bearish as well, and with this economic uncertainty in the air and pound weakness, this will be the move to take massive profits.
Trade Ideas Educator: GBPJPY BatHaving Point C touches Point A, this isn't my favourite bat pattern, hence, I didn't place a pending order nor engage the trade right after.
Having an uptrend channel with an RSI Divergence does give me some temptation in engaging the trade but not as enough as the channel was broken.
I will then wait for a retracement for a shorting opportunity.
GBPJPY - #Forex #ForexTrader #ForexTrading #ForexChartBat pattern completion
At major resistance @1.36
if you didn't take the bat pattern then look for an entry on the lower TF's
Any questions? happy to help
#PipGainFX
4 Hour Bearish BatBearish Bat formation on 4 hour Chart and very little expected news on the economic calendar next week just the (CBI) Industrial Trends. 3:1 play trading withthe current trend
ETHUSD Possible Short OpportunityBearish Bat Pattern on the H4
As Harmonics Pattern mostly seemed like counter-trend trading with Completion Point D (the place you enter your trade order), a price stretched from Point C, where after passing Point B some traders may have the impression that a change in trend is underway. How I like to determine trend is based on a higher time frame than the one I am trading on.
In this example, I am placing my order on the H4 and this time frame gives me a nice looking Bat Pattern (visually the pattern does look skewed), therefore I consider trend using the the H12 or daily, sometimes I go even higher just to see the "Big Picture" that most people will miss because they are so fixated at the time frame they are trading at. It is important to go to various time frame so you know exactly where the trend is that will help you with managing your trade after entry. It is common to see traders getting solid entries but not sure what to do after that, not knowing how to exit the trade for profits or for loss.
I also look for trade that satisfy at least 3 of my strategies/methods to enhance the odds of the trade working out. Be very picky with your trades and dont fall victim into FOMO. Remember, skills and knowledge only accounts for 40%, the other 60% depends on your psychology and emotions.
Trade Setup:
Entry - Within the Sell Area (at Point D if you are more conservative)
SL - 206.5
TP1 - before 192
TP2 - before 184
TP3 - before 172
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.
Trade Ideas Educator: GBPJPY BatA bearish bat setup for a trend trading trade, not quite sure at this moment if you would love to short it right away when market open or wait for further confirmation(that's more for me) as I have spotted all GBP related pair has a relatively strong bullish candle before market closes on Saturday(Singapore Time).
More read up on Brexit related topic on Bloomberg and make your decision o just simply wait for further confirmation or simply stay out of the trade.
Do note that pt C touches pt A too, typically not my favourite set and forget trade.
GBPJPY, BEARISH BAT #RRR 1:7 (Autolines Test1 Harmonic Pattern)HI BIG PLAYERS,
today I am very glade to present you about my new wave indicator.
Attached to the programming code of my Wolfe Waves indicator, yet I have also created harmonic patterns indicator with auto lines functions. Unfortunately I achieve the limits of TradingView's Pinescript - this is why I code for every harmonic pattern an own indicator.
Here I post an example of the Bat pattern. It shows a bearish pattern and allow you to take part on a trade with two possible take profits.
The take profits are aimed on the fibonacci extensions 1.382 and 1.618
Attention: I starting already my own business.
Actually, I have no premium account (coming soon). For that reason TradingView don't allow to present a link out off this platform. For every interesting user, you can also write me directly. I give you my site, where I talk about me and show my indicator shop. But please be noted, that in the moment I cannot sell any indicator. For my start-up I need already some documents from the financial authority - I come from Germany... here this is normal to wait. :)
All pattern indicators will coming soon in this shop. Please be patient and follow me as well you can.
King regards
NXT2017
