Bearish Bat
H1 GBPAUD Bearish Bat Higher Time Frame - Downtrend.
Daily Uptrend Channel broken.
Bearish Bat Setup and trading with the overall trend, good risk to reward ratio.
Entry: 1.7942
SL: 1.8019
TP1: 1.7792
Extended TP to 1.7691 if TP1 cleared.
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Trade Ideas Educator: NZDUSD SharkBearish Bat setup still valid for this as long as the market didn't break and close below C, which was covered by X of the bullish shark pattern.
In this chart, it does also show a Bullish Shark, so what will you do?
Trade what you see is what I love to say, further confirmation is required, but never forget the basic of support & resistance so everything is possible, remember always plan your trade and trade your plan.
Trade Ideas Educator: GBPAUD ConflictsSo how do you handle the market that gives you conflict signals, 1 on buying opportunity another on selling?
Comment down below.
Well as for me, I'll trade as it is as it's on a different timeframe and within an upward market movement, there will be a retracement(bearish), nothing is cast in stone, especially in trading.
On the daily chart(right), the market has already present a double bottom with an RSI Divergence, great buying opportunity, traders who have missed it can wait for a retracement after the double bottom movement as long as it didn't reach the final arrow that acts as a projected price for exiting the trade.
On the 1-hourly chart(left), I'm waiting for a selling opportunity as the market shows a bearish bat setup, what's even better in this, it is a trend trading setup.
EURUSD-Weekly Market Analysis-Aug19,Wk2EURUSD has once again had a multiple timeframes confirmation on the bearish trend. What I love about this setup is that
1) the bearish bat pattern formed up within the sell zone
2) market is bearish, hence I'm in a trend trading opportunity
3) ABCD pattern confirmation near the completion of the Bearish Bat PRZ, if it is within the zone it will be even better.
USD/CHF Ways Downward!FX:USDCHF
USD/CHF is on it's maneuver .
Bearish Bat formed in past days , the price retest it Two times by retracing from it.
Now we are waiting for it to break the level then we will go for short.
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Trade Ideas Educator: NZDUSD BatWithin the bearish bat pattern on the daily chart(right), it falls into the double buy zone for trend trader to plan their trade. On the 4-hourly chart(left), it doesn't have a very clear signal for entry to the upside yet but it is surely a waiting game for this and in most cases, we will know the outcome by this Wednesday.
Trade Ideas Educator: EURJPY ConsolidationA sideways consolidation slowly creeps in into this chart. Just as you are going to say that Both support and resistance of the leg that broken it is well supported or well resisted, it does pose a potential aggressive long opportunity.
Should the market break upwards a bearish bat setup and should the market break downwards a bullish butterfly awaits.