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Bearish Bat

Trade Ideas Educator - AUDCAD SharkA bearish shark forms on the 1-hourly chart(left) with parallel uptrend channel indeed is not the happiest market movement when you are in the trade. What's great about this is it accompany with RSI Divergence which says otherwise on the market movement. Right now, if you have not engaged the trade you can wait for the retracement back into the sell zone on the 1-hourly chart to find your 2nd entry opportunity, that being said you have to be in before 5-0 pattern is formed. Most importantly, you should have followed my post closely so you won't miss this fantastic trading opportunity ever again. On the 4-hourly chart(right) a further uptrend extension the market may meet the bearish bat setup, another trend trading opportunity.
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by RaynLim
GBPUSD-Weekly Market Analysis-Aug19,Wk4On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity. On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea. I've already engaged this trade as the bearish bat form and triggered the opportunity to trade. No double when the prices went higher after the trade was triggered definitely not my liking, but if you have spotted the RSI Divergence or you know the profitability rate of the bat pattern, it will be a peace of mind.
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by RaynLim
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. 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.
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by TradeWithWayneYia
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.
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by RaynLim