Trade Ideas Position: Gold BatA golden trading opportunity for this upcoming second Brexit referendum on 12Dec19, yes you hear me right. It is no different to a second referendum when 1 party is pro-Brexit and another party is pro-Brestay.
The UK people have another chance to vote what their heart desire, to stay in the EU or to leave.
How the market will move, I've shared on my previous post on GBPUSD(link at the bottom), which every potential outcome it can happen, factor in 15Dec US Tariffs decision, it does have a strong possibility of Gold appreciation, you just have to look for a good entry.
The setup I have for a more immediate approach will be the 1-hourly chart on a trend trading setup.
This setup is not as beautiful as what I wish it could be, a strong bearish move follow by a consolidation near D pose a threat of further expansion to the downside, which may extend further and beyond point D, all is needed and prefer is X is not broken.
I will definitely need a PRZ confirmation to engage the trade.
Bullish Bat
USDJPY-Weekly Market Analysis-Dec19,Wk2A bullish bat pattern give an opportunity for traders who are into countertrend trade or trend reversal trade. On the higher timeframe, the 1st break of the high has occurred, will need another break to confirm the bullish trend.
On daily timeframe(check out video) an inverted head and shoulders gives trend reversal trader and opportunity to ride on a low risk, high returns trading opportunity.
EURUSD-Weekly Market Analysis-Dec19,Wk2The bullish bat pattern is still valid, if the market head down and retest the entry price, I will engage a long trade after candle confirmation.
If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target reach, I will shift stops to entry and keep the winner, therefore event market didn't expand, I'm ok with it too.
Because once market reaches the 1st target I will have no downside, only upside.
EURUSD-Weekly Market Analysis-Dec19,Wk1A type2 bearish bat on a countertrend setup within the buy zone. A strong bullish engulfing candle definitely looks encouraging for traders who are looking to long.
The 2 red line is the next level of resistance that traders have to take note of.
I've already engaged in this trade let's see how the last month of the year roll out.
1000$ to 20 000$, let's climb the mountainHi my friends,
We met 2 years ago, and we make long road together. Today it's time to make what we have to make.
The plan is to begin with 1000$ and achieve the goal to obtain 20 000$ (all this is a training with a demo account, the experience is the most important).
Rules:
-no timer to achieve the goal
-only 2%MM on each trade and no leverage
-no cheat
-of course you can make your own trades, it's not an obligation to follow only my trades (but I will refresh my data on each trade
Let's go!
If you decide to follow this challenge, let's put your boots and Walk!
I don't understand why you wait so long to put your boots, GTFO of here and go to work! :) (of course you can stay on the side and don't do it but it's better if you take the decisions to try on a demo account)
Netflix Long Term IdeaGood evening ladies and gents,
I have had this pattern drawn out since early-mid July and I believe I even posted it a month or two ago as well. But reposting it once again to give an update. This idea remains a very real possibility but it could take months to even a year or so before reaching the pcz of the bullish Bat. The Pc(Zone) would be between $119 and $138. It would be badass to look at this post a year and a half from now and see it hit the pcz and start playing out.
Just an idea for now.
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Seems like Tatamotors is ready to take offPrice look oversold (underevaluated)
Tatamotors is a big indian company with
nice financial data.
Price is in indian roupie so
it's approximatively 2$ and have a nice
upside potential
the technical analysis looks good.
we form a bullish bat at a very low point
(-80% since 5 years) and divergence on MACD
waiting for break of the structure and
trendline to enter long(more secured)
A new wave up for General Electrick stocks?This stocks is interesting because we can observe that we are in the end of the consolidation triangle.
Firstly we will talk about technical analysis and then we will think about the fundamental analysis.
1) There is a nice buy zone here, this strong support can be nice point entry to see more upside.
A bullish bat forms with a bullish confirmation (doble bottom on lower time frames)
The 4th waves of the consolidation triangle were forms, we are looking to see the 5th waves which is logically the break out of the triangle.
First there is an important resistance on precedent lower higher high, this can provide us a nice TP1 and a nice reentry if it breaks up.
2) In the fundamental analysis General electric got a very looooong consolidation now, we are not seeing higher high since 20 years that can be a nice opportunity to long now considering the fact that our global economy is completely based on electricity, this means surely a potential growth in this stocks.
As we can see there is a reason why price just consolidate at this point, we can think about the dividends on actionnary which are not reinvest in the stocks for long times. A change in political economy of the society can be the release of a new golden age on this stocks and other tech stocks (we will analyse them together soon)
Trade Ideas Educator: EURJPY BatLack of better term, for now, this setup will be known has harmonic range, it happens after a harmonic pattern, usually Bat Pattern or Gartley Pattern range between entry price and target2, it creates a support and resistance level and that enables me to engage the trade to long the when the candle settle at the blue line and short when the candle touches the red line.
GBPUSD-Weekly Market Analysis-Nov19,Wk5Having the downtrend channel before a bullish trend was a concern for me to short off the daily chart(posted ideas on the link to related article), at this moment I will be watching closely on how the candle react at this PRZ area as a warning sign that Point C touches A.
Although there is a warning sign of such I will still lean towards buying GBP against USD as it does give very good reward: risk on this trade setup, of course, the lining up of the candle gives the final green light to engage.
Don't go on holiday and ignore your trade just yet.
EURUSD-Weekly Market Analysis-Nov19,Wk5Over the years in committing on providing analysis for the traders, I've start to make new friends even across the platform.
A kind soul has reminded me on this bullish bat setup on the 4-hourly chart while I shared my perspective of shorting the trade based on the 1-hourly chart on the bearish crab.
Having the knowledge of harmonic patterns and my baseline on trading on structure, I see is a high tenancy the market will fall off the cliff(Resistance) and I engaged only after the retest and confirmation made by my Harmonic Pattern Assistance(HPA).
It is really a test that the market gave me where I made profits and just before hitting my 1st target it bounces off again and it did it a couple of time.
So by having this, I must say understanding of the currency pair, as well as your system you use, are just as important.
I had also further extended my target to 1.1001 for my final target but will watch closely when it hit 1.1006 to check for any potential rebound.
After which I will observe the buy zone(blue rectangle) holds on to the market and create a bullish bat type2 trading opportunity as a countertrend trade.
AUDCAD | Bullish Bat + Descending Channel patternAUDCAD | Bullish Bat + Descending Channel pattern
- Possible for Bullish bat formation - Looking for point-D
- Descending Channel pattern indicates down trend (needs upside breakout for bullish signs)
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Bat Pattern:
Point-B | 38.2% - 50% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 88.6% of XA
PRZ | 161.8% - 261.8% of BC
Btc Bullish BatGood morning ladies and gents,
-Bullish Bat-
Entry: $7,663-$7,743
Exit: $8,900, $9,930, $10,540
Stop: $7,260
Join our Free Telegram Channel: t.me
We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019.
Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel.
50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else.
Feeling generous and wanting to show us love and support? Donation addresses are listed below
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Tag: 2183371567
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Trade Ideas Position: USDSGD BatBullish Bat setup for a trading opportunity and this can attribute to the US NFP to give a final push to the entry price, the PRZ and PEZ.
I don't usually trade USDSGD, but the stats on my end shows well when it works on Bat Pattern on the daily chart.
I will be watching closely for this setup and decide if to engage the trade.
Business owners who like to pay off in USD with a weaker USD and stronger SGD, you may like to make a decision today or by Monday.
You see Forex can be used for trading, business decision and investment purposes. End of the day is still currency and it has its value.
#GVT #GVTBTC $GVT BULLISH BAT PATTERN ON GVTI see bullish Harmonic BAT PATTERN on GVT, let's follow up what is going on?