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Bearish Bat

USDJPY: Bearish Continuation TradeUSDJPY Reversed on the MACRO from a Bearish Butterfly PCZ on the Monthly and has since gone down about 15% as seen here: But recently it's had a bit of a rally as the DXY showed a bullish pattern that it indeed bounced from here: However it would seem that the USDJPY is showing quite a bit of weakness with the MACD confirming Hidden Bearish Divergence and Crossing Bearishly after price was rejected from the 200 Day SMA and the PCZ of a more Local Bearish Bat and could be a sign that the rally in the DXY will be coming to an early close; but more specifically it could be showing that the JPY will start to show Dominance in the FX Markets again and that this Local Bearish Bat could be what sets off the Bullish Continuation of the JPY Dominance.
Short
by RizeSenpai
2
A mistake that most traders might makeOn the right is the daily chart, and on the left is the 4-hourly chart. It is a common mistake for traders that have been trading for 3-5 years and believe that the higher timeframe always supersedes the lower timeframe. Similar to corporate hierarchy, our superior is not always correct. There are a couple of factors that determine that. One of it depends on the overall market bias on the currency. My Bias on the US Dollar pairs remains bullish; hence, I'm not motivated to short USDJPY aggressively when the market has a Bearish Bat Pattern formation. I would require to see a further market confirmation, like a Double Top form at completion, giving me an RSI Divergence before shorting the trade. On the other hand, I'm waiting to long the USDJPY at 135.00 on the 4-hourly chart, which happens to be the Key Support Level.
Long
by RaynLim
2
Harmonic Bat Pattern for traders can apply on any time frameThe Bat is defined by the .886 retracement of move XA as Potential Reversal Zone. The Bat pattern has the following qualities: Move AB should be the .382 or .500 retracement of move XA. Move BC can be either .382 or .886 retracement of move AB. If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consequently, if move BC is .886 of move AB, then CD should be 2.618 extension of move BC. CD should be .886 retracement of move XA.
Education
by BasharatAliMaher
4
WEEKLY MAPFRE: -36.1% YoY 2022Q4 profits and #batpatternFUNDAMENTAL AND TECHNICAL ANALYSIS FUNDAMENTAL 2022 EPS Q4 better than expected: 0.0503 (exp. 0.0388). Issued premiums revenue 5.895B (exp. 5.83B). Nevertheless, -36.1% YoY Q4 profits. Final dividend of 14.5 cents, payout 69.5%. Conclusion: weak 2022 results overall give the share price a PER of 8.83 at price 1.842. P of PER increases, an overvaluation could be happening at the moment. TECHNICAL Aside from the weak results, there might be a formation of a bearish bat pattern underway whose prophecy is not as good for investors as the previous inverse head and shoulders that appeared post-pandemic.
BME:MAPShort
by alexinve
BTCUSD: Bearish Bat Looking to retrace back to $18448.51Bitcoin looks ready to begin creating the Potential Right Shoulder of this Potential Inverse Head and Shoulders as it is at the level of what would have to be the neckline while overbought and within the 0.886-1.13 PCZ of this Bearish Alternate Bat it's traded within. If this Inverted Head and Shoulders plays out, the Alternate Bat will underperform and not give us the full 100% Retrace backdown to 15.3k; but if not the price will go much lower and perhaps even lower than 15k so i will be managing risks from here. For the time being i will be taking a third of my profits off and buying a monthly strangle along with a seperate weekly slightly OTM put as a way to secure my position on price action at a lower risk.
COINBASE:BTCUSD
by RizeSenpai
3
AUDUSD - The Devil's TouchSince the analysis is unchanged, I won't be posting on the daily chart; check the link below and see how nicely the candlestick "respected" The Devil's Finger as it reversed on the trendline once touching it. That is the primary engagement method I will execute in my trade plan. On the lower timeframe trading setup, you can wait for a break and close below 0.6673 for a breakout trading setup; you have to be aware there are a few road bumps along the road(bearish move) 0.6637, 0.6583. etc. If you shift stops to entry too early, your trade will close out without profits.
Short
by RaynLim
1