USDJPY-Weekly Market Analysis-Jun19,Wk3Waited for the bullish shark to hit the entry for trade entry opportunity as I've missed 3 opportunities to engage the deep crab pattern.
This Shark Pattern gives another opportunity to engage the trade. This trade might not be happening but look what we got here a bearish bat pattern.
Can't wait to see how this trade rolls out
Bearish Bat
GBPUSD-Weekly Market Analysis-Jun19,Wk3Have you seen how the bearish bat has formed up? Target1 with +25pips profit and Target2 exiting with +160pips profit in just 2 Trading Days. Target2 is an extension of targets, all if not most Harmonic Pattern Traders would have already existed long before it hit even 100pips for this trade.
After an extended short trade I took, I'm waiting for a buying opportunity by observing how the market opens on Monday.
Trade Ideas Position: GBPJPY BatSaw the spikes, on the lower timeframe, 15-mins chart there was a bearish bat who spike upwards, notice how the RSI divergence shows a possibility of a bearish move. Well RSI is not everything nor the holy-grail. The spike had hit the 1st target if it was engaged.
For those who had not engage, don't worry and don't chase, I will wait for confirmation on this bat pattern instead.
EURJPY Daily Butterfly and Bat.So before I enter a trade I like to have multiple indicators pointing to the same thing which is why you see a butterfly in dark blue and a Bat in light blue both with converging PRZ's. I usually only trade 2 targets on daily Harmonic Patterns with a very common result of only T1 being hit. I prefer to keep my stops short since I can always reenter the trade when conditions return to favorable instead of eating further and further loss, the way I see it is if it goes 50 pips below my SL then I can always reenter 50 pips away but if I have a huge SL to cover that then I'm missing out on the extra 50 pips profit.
Trade Ideas Educator: Bat DivergenceThis 2 trade got caught by the market. AUDUSD got back to the entry price, but still within the sell zone and with RSI Div. I will still hold onto this trade till it either hit targets or my stop.
NZDUSD, on the other hand is much more tricky. No doubt that is an RSI Divergence as well but the candle break and close above the sell zone forming new high. I will also stick to my plans but what're your thoughts.
Love to hear from you what will you do if you had already engaged a short trade on Point D completion.
Trade Ideas Educator: GBPJPY BatBearish Bat VS Bullish Shark with such setup 1 cannot live in the presence of another as the other pattern will be invalid once 1 has formed up.
A likelihood and more comfortable setup will hence be the bearish bat setup as it is within the sell zone.
What is your trade plan?
Trade Ideas Position: EURJPY BatTypically not the best setup, conservative traders may want to wait for candle confirmation before engaging the trade.
However, this trade is set up at the tip of the sell zone and event the 1st target produced a 2:1 Reward: Risk.
The choice is in your hand, your plan, you decide.
Is RVN forming a Bat Pattern?Hi,
In the next days I am expecting RVNBTC to continue its move towards the final wing of its wonderful Bat formation.
If that is the case there will be a half-way target which is at around 810ish, the high of the last wave to the upside.
It is worth to mention that the final target of the Bat at 161% of the first wave up, is at the same time the Dynamic Meridian line of the Instrument.
Option: Sell at Target I and II. Optional: take profit at the middle line which is also a major resistance zone.
Trust yourself and be happy
Heish
bat pattern has been completedinh4 nzdusd has completed a bat and now we are in prz, in h1 chart we also see a double top with a stop hunt (so price had pushed a bit higher on second high and it is a market manipualation because "strong hands" had began to short...in h1 we see also a momentum divergence a clear bear signal....price need to test the support at 0.6560 and the 100 sma as you can see in the chart, so my advice:
sell with tp at 0.6560
and then at 0.6560 open a buy for long term because nzd will appreciate against other currencies in next 3/6 months.
send me a message if you want trade with me and fund a n hedge funds
bye bye
Trade Ideas Position: USDSGD BatRemember this? We have shared this last Friday. After much consideration, I do see this is tradable setup, not the usual pair I will trade but with information gather, I have already placed the pending order.
The only thing is to wait for the market to retest the suppose entry price.
USDCHF Daily Harmonic But Analysis and StrategyWe are predicting the bearish Bat Pattern to complete as shown on the daily chart. Price action is showing a downward trend giving the pattern confirmation. We still have an open short position which we will close at the completion of the predicted pattern. FX:USDCHF