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Bearish Bat

AUDUSD - Noisy Little CrabFX:AUDUSD Monthly Analysis - Daily Time frame Potential Bearish BAT Advanced Pattern 0.886 Potential Bearish Deep Crab Pattern 1.618 Potential EW Impulse Wave (12345) Potential little Bearish Deep Crab Pattern AC 0.533 Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an update from previous weekly chart analysis, which is almost the same as Ethereum - Head in the Clouds Pattern So Bulish Continuation is 99% for sure. and now for this week's case, the pair is still trying to give a little drama whether there will be a correction or continue the uptrend, if the candle is closed below the magenta SR level. it will potentially form a bearish Deep Crab Pattern. and this is where the hedging strategy is needed to protect the value of the investment. The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
Long
by EchoLAB
USDJPY Sell - Bat Pattern CompletionThis is a continuation of my previous forecast on Monday where a bat pattern was forming. As of now, the bat pattern is fully completed, only waiting for reversal signal to sell. The dollar, which has met with strong resistance above 97, is showing strong selling strength. With that in mind, there's a high possibility that buyers of USDJPY will release their orders and sellers will be attracted to sell while the price is still relatively high.
Short
by AlgoVenture
USDJPY Short - Bearish Bat Pattern, Dollar OverboughtAs the dollar reaches beyond 97, it is technically entering an overbought zone and may be vulnerable to selling pressure. So the USDJPY has climbed pretty much through the Asia session and stands above 111. A bat pattern is on its way to completion where the final point is expected to end in the supply zone around 111.50. Therefore, if the dollar continues to climb further into the overbought zone while the USDJPY climbs too to complete the bat pattern, we are expecting there's going to be some strong selling pressure.
Short
by AlgoVenture
USDJPY H4 Bearish Bat Completion at Sell ZoneFound this Bat completing at my Sell Zone and also previous Resistance Line. Usually I am the "Set & Forget" type of trader, however for this trade I am taking a more conservative approach due: 1) I am looking to short, which is against the uptrend it is having now after the flash crash. 2) Many traders will be looking to sell here since it is a resistance level. I am cautious of a Bull Trap. 3) I am not convince if RSI cant show me Overbought. To look out for the standard reversal candle formations and possibly a deep entry into the zone, lets see how this plays out, I have set an alert to notify me when price is near my zones. I highly recommend traders to make use of this function to reduce your screen time and engage in more meaningful activities in your lives. End of the day we trade to free up time for our other priorities in life isn't it? Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Short
by TradeWithWayneYia
Litecoin - Bearish BatLitecoin has now confirmed the potential reversal zone for the bearish bat on the daily timeframe, I've been monitoring the progress of this setup for several weeks and watched the C to D leg materialise. This opportunity is purely based on technical measurements and the reasoning for a market correction is perfectly logical. Let's quickly review the previous price legs which lead us to the current price. The price leg from A to B measured an overall increase of 87.99% over 32 days. This was soon corrected by an exact 30% decrease in the B to C movement lasting only 14 days. Our focus is primarily on the C to D leg which seen a 116.82% increase "ending" at the confirmation of the 0.886 XA measurement, this move lasted a total of 55 days. My expectation is that we will see a near term correction to the 0.382 retracement resulting in a 24.82% correction. Ultimately based on whether the reversal takes place the optimal target is the 0.618 retracement with a 40.16% decline. Pay attention to the structure shown below on the daily chart, this provides a basic indication of how price is currently moving. Once the reversal takes place I would monitor the support trendline in order to confirm a continuation to the 0.618 retracement. That's it from me! Enjoy your weekend when it comes :)
BITFINEX:LTCUSDShort
by LewisGlasgow
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