Bearish Bat
CADCHF Harmonic Bat Pattern Analysis and StrategyWe are predicting the Bat Pattern to complete as long as the red resistance zone is not broken. Our strategy is to trade the 4th leg of the pattern, but a break of the red zone will make the pattern invalid, therefore we will close our position. OANDA:CADCHF
GBPNZD H1 Bearish BatH1 Bearish Bat Harmonics Pattern
The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread.
I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me added reason to short this pair at this level.
Entry: 1.8965
SL: 1.9032 (-67pips)
TP1: 1.8846 (+119pips)
TP2: 1.8780 (+185pips)
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Trade Ideas Position: NZDUSD BatBearish Bat formation forming up. One nice thing on this formation is the Pt D completion is not just near X but is near a consolidation area.
But what I don't quite like is the recent bullish candle is stronger than the bearish candle.
Exact Entry, Stops and Targets sent to my subscribers.
NZD/USD 4H Bear Bat @ 0.69150I will be using this Bat pattern as short entry on this pair. If price pushes up to this level then i will be looking for a sell signal on lower time frame . RSI must be overbought and diverging to confirm sell signal. ATR based stops above the pattern starting point X. Minimum Risk/Reward Ratio for this trade is 1.45(TP1).
Trade your plan and good luck in the markets this week.
NZD/USD 4H Bear Bat @ 0.69150I will be using this Bat pattern as short entry on this pair. If price pushes up to this level then i will be looking for a sell signal on lower time frame . RSI must be overbought and diverging to confirm sell signal. ATR based stops above the pattern starting point X. Minimum Risk/Reward Ratio for this trade is 1.45(TP1).
Trade your plan and good luck in the markets this week.
Trade Ideas Positions: CADJPY BatBearish Bat Pattern spotted during our student gathering last night and levels has been shared with my subscribers while I'm on the GO.
Trade already engage and if you don't wish to miss such great trading opportunity, just join our trade ideas community, PM me if you are interested.
USD/CHF 1H Bear Bat @ 0.99845Following breakout of bear channel, bulls has pushed price higher towards major structure level and consolidated right below it. Currently pair is potentially forming a Bearish Bat pattern completing right at the major structure resistance. If price continues higher towards Bat completion point at 0.99845, then I will be looking for sell signal around this level, RSI should be overbought and diverging as price gets to these levels in order to confirm sell signal. ATR Based stops above the Bats starting point (X).
NZD/USD 15min Bear Bat @ 0.69000Following long bearish three point correction, pair has put in double top ,and broke below the support of double top and is now potentially reversing. After breaking below the support pair is currently forming a potential bullish bat on 15 min TF, completing at the previous structure support (now resistance).