Trade Ideas Educator: EURUSD Bat Using Bear Bat Pattern on the H1(Lower Timeframe) chart to engaged my H4(Trading Timeframe) trade Analysis.
Note that trade will be invalid if the candle break below and close below A before touching Pt D
Not taking conventional target for this, will be taking target1 on trend trading and target2 on trend following.
Confused?
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Exact Entry, Stop and Targets will be sent in the group.
Bearish Bat
USDJPY - Weekly Market Analysis - September 2018, Week 2The market is still on its bearish move but for our inner-circle subscriber, they must be delight that they have engaged the short trade on USDJPY as they have received the Trade Ideas Position on a Bearish Bat formation.
2 possibilities right now to long USDJPY, one is on Bullish Shark completion, another is based off AB=CD.
Which is better?
It depends on your trading rules.
Trade Ideas Position: USDJPY Bear Butterfly over Bear Bat H1Shorted this trade, using SL base on Butterfly as the stop is still above the X leg of Bear Bat.
Taking conventional target based on Butterfly but Target2 I'm watching closely for the completion of Bull Shark.
This is what I call Pattern over Pattern
EUR/AUD Technical analysisThe EUR/AUD pair witnessed a steep bullish price action from the lows.
The RSI indicator is currently in an overbought zone.
The MACD histogram is also over-stretched.
Adding to that, the pair has bearish bat formation.
Hence we assume that the pair has made an over run and there is a good chance of throwback upto the support levels of 1.57270.
(Episode #168) EURJPY - Trade Ideas Educator (22AUG2018)Bear Bat setup and Pt D completes at previous support, turns resistance. I would need to see additional supporting reason like double top or falling wedge or at lease a pin bar at Pt D completion.
Reason being Pt C completion is a double top completion.