USDJPY formed a bearish bat pattern USDJPY formed a bearish bat pattern
around 111.390 will be a good area to short
SL : 111.760
TP : Follow arrow
Bearish Bat
Sharks Attack expectedFX:GBPJPY Weekly Analysis
Potential Bearish Shark Formation 0.886
Potential Bullish Shark Formation 0.886 (unconvincing a-c?)
Potential Hiddem Bearish BAT Formation 0.886 (Weekly Timeframe)
Moving Averages
Fibonnaci Retracement Level
CADJPY Harmonic BAT Analysis and StrategyThis pair has completed a bearish bat pattern on the 4 hr chart which signaled us to sell with our take profit are set at the green zone. FX:CADJPY
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.
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.
Trade Ideas Position: AUDUSD BatA bearish Bat has confirmed and for this trade setup on a higher timeframe, 4-hourly chart is a sideways consolidation. With the reward:risk, I won't be taking this trade, but is really up to you.
The trade I'm looking at is more of a co-related pair, EURAUD.
GBPJPY - Booby trapFX:GBPJPY Weekly Analysis
Potential Bearish ABCD Formation 1.27/1.618
Potential Bearish BAT Formation 0.886
Potential Bullish Shark Formation 0.886 (unconvincing a-c?)
Potential Bullish Butterfly Advanced Formation 1.272
Potential Hiddem Bearish BAT Formation 0.886 (Weekly Timeframe)
Moving Averages
Fibonnaci Retracement Level
Gold - Raging BullWeekly Analysis
Bearish ABCD
Bearish BAT Advanced Formation
Moving Averages
Fibonnaci Retracement Level
GBP/NZD 1H Bearish Bat Pattern @ 1.94475Pair has formed bearish bat pattern completing at 1.94475. RSI above the 70 confirming sell signal. ATR stops above Bat's starting point X.
Plan your trade, Trade your plan and Good luck in the markets!!
GBP/NZD 1H Bearish Bat Pattern @ 1.94475Pair has formed bearish bat pattern completing at 1.94475. RSI above the 70 confirming sell signal. ATR stops above Bat's starting point X.
Plan your trade, Trade your plan and Good luck in the markets!!
USOIL Harmonic Bat Pattern Analysis and StrategyThe pair has completed a bearish bat pattern on the 1 hour chart which signaled us to sell with take profit set on the green zone. TVC:USOIL
Trade Ideas Position: EURJPY BatHarmonic Bat Pattern setup on a trend continuation trade. A trade extension may take place and decision will be sent to my subscribers.
GBPUSD A Different Analysis To Test My Prediction's Legitimacy
Short Term Bearish will hit my orange zone, long term after it reaches the bottom orange zone will reach the top orange zone. After the completion of the bearish bat, we will see major bearish momentum on the pound.
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.
EURCAD Harmonic Bearish Bat EURCAD reached its resistance zone and made a harmonic structure. I'm waiting for bearish movement in soon.
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 :)
NZD CAD Harmonic Bat PatternThere is a bearish harmonic bat pattern on nzdcad chart. Stop loss and target mentioned on chart.
Trade Ideas Position: AUDCAD BatA Bat Pattern forms upon a sideways market on AUDCAD, I'm looking for a selling opportunity and potentially an extended target.
Exact Entry, Stops and Targets sent to my subscribers
EUR/CAD 4H Bearish Bat Formation @ 1.52000Following the break of the descending channel (see pic. below)
Pair is now setting up for a bearish pullback trade. Bearish bat that pair is potentially forming now, is completing at even handle number 1.5200, which serves as resistance itself. Also completion of the bat would form double top and therefore if bat pattern's gonna work out then I will be looking to trail my T/P 3 targets for an opportunity to catch bigger move down below the structure lows of the bat pattern . But there is no need to get too exited yet about that bigger move down, as this bat pattern may also turn out to be start of some kind of consolidation before the price moves further to the upside, so NEVER forget about your stops. I am going to use ATR based stops above the bat pattern highs or starting point X.
RSI should be overbought and diverging at completion of the pattern to confirm sell signal.
If you have your opinion about this market, you are welcome to share it in comments! Let's discuss! Also, I will be very grateful for supporting my work by your LIKE's.
Trade Your Plan And Good Luck In The Markets This Week!!!
AUDUSD H4 Bearish Bat & Gartley OverlapSometimes, you will be able to find two or more Harmonics Patterns pointing about the same D completion point, if you know their parameters and where to look. I have specific rules to qualify these patterns.
Looking for a shorting opportunity at price level 0.7243 and place stop loss beyond point X.
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.
EUR/CAD 4H Bearish Bat Formation @ 1.52000Following the break of the descending channel(see pic. below)
Pair is now setting up for a bearish pullback trade. Bearish bat that pair is potentially forming now, is completing at even handle number 1.5200, which serves as resistance itself. Also completion of the bat would form double top and therefore if bat pattern's gonna work out then I will be looking to trail my T/P 3 targets for an opportunity to catch bigger move down below the structure lows of the bat pattern. But there is no need to get too exited yet about that bigger move down, as this bat pattern may also turn out to be start of some kind of consolidation before the price moves further to the upside, so NEVER forget about your stops. I am going to use ATR based stops above the bat pattern highs or starting point X.
RSI should be overbought and diverging at completion of the pattern to confirm sell signal.
If you have your opinion about this market, you are welcome to share it in comments! Let's discuss! Also, I will be very grateful for supporting my work by your LIKE's.
Trade Your Plan And Good Luck In The Markets This Week!!!
