Bearishbatformation
USD/SGD bearish bat on daily timeframeWe have a bearish bat pattern on the daily time frame and a nice double top, better visible on the H4 chart to add some more confluence to the trade. We also have nice rejections from the S/R area @ 1.37453.The two targets are represented by the green lines and the SL is shown as the red line.
Trade safe :)
US Dollar Currency Index Possible Bearish Bat FormationIt seems there may be a Harmonic Bearish Bat forming on the DXY (TVC) with the 4Hourly and Daily Charts
Currently the DXY is in bearish trend however TDI has completed a very small Sharkfin out of the water but no blood in the water as yet and TDI shows close proximity to oversold position, therefore we 'could' see a confirmation of this Harmonic Pattern/Bat, if price action reaches the confirmation area. Support and Resistance areas have been marked, therefore the SL would be positioned above resistance should a SHORT be taken for the 2x Harmonic Targets.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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EURUSD: Formed Bearish Bat Pattern on H4In my previous EURUSD analysis, i mentioned about morning star from support level. This pair followed this nicely and moved 250+ pips. Now this pair has formed bearish bat pattern.
On the chart, we can see D point which is the sell point for this bearish pattern. Price has been rejected from that level and fall more than 100 pips.
Expecting more down on this pair towards new support level 1.0477