Bullish Bat
USDJPY-Weekly Market Analysis-Aug19,Wk3A bullish bat setup with AB=CD pattern and on top of that an RSI Divergence on the smaller timeframe, 4-hourly chart(left) gave strong setup for a counter-trend buying opportunity.
I've already engaged the trade, it's your analysis to decide if you should engage in this counter-trend setup.
Trade Ideas Educator: EURJPY BatA Bullish Bat opportunity has formed on the daily chart(right) as a counter-trend trading opportunity. Is better for the candle to close above to PRZ before engaging this trade but it does affect the profit ratio.
On the left, we can see a beautiful RSI Divergence, it does comfort some of us who might have already in this trade.
Whichever it is, let's see how the trade roll out.
USDJPY-Weekly Market Analysis-Aug19,Wk1A bullish bat pattern setting on a counter-trend trading, however on an ABCD pattern, it has a deeper completion.
Having a deeper entry means a lesser stop and in turn, it shows a better reward: risk, but on the flip side, you may miss the trade, your trading plan, your call.
Trade Ideas Position: USDSGD BatI'm waiting for strong SGD and weaker USD to be in my favour for some exchange rate decision and such analysis are also extended to you. If you are waiting for a stronger SGD, wait for it to hit 1.3502 before you exchange it to USD.
Such movement if it is going to happen, it is best to happen within 6weeks.
Make the analysis all by yourself and do not overtrade. Risk no more than 0.50% per trade is considered low risk.
BCD/BTC READY FOR BIG BREAK OUT BULLISH LONGso u can see rsi bullish early signal
bcd/btc ready for hard breakout
when whales r coming it ll pumping hardly
Trade Ideas Educator: Gold BatA bullish bat has already formed up, I do need to wait for a retest to engage the trade, but having the market to gap up and hit the 1st target, I will be much resistance to engage the trade.
A bearish shark on the 4-hourly chart(right) as a counter-trend setup.
What's your trade plan?
Comment Down Below.
Trade Ideas Educator: NZDJPYWell, this is 1 of the most interesting setup having the 4-hourly trend setup entirely different from the daily chart and 1-hourly chart.
So what is this about? Well, based on my experience, is more likely for the Top Chart(4-hourly chart) to trigger than the other. Hence, I'm waiting for a buying opportunity as a counter-trend trading move at 70.75
However, if the market did rise to 72.83 after the market gave the signal to engage a short, I will not hesitate to engage it.
USDCAD LONG, 4H.Buy USDCAD @1.3079
TP 1 @1.3099
TP 2 @1.3129
TP 3 @1.3179
SL @1.3029
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GBPUSD: Bottomed with Completion of Bullish BatThe price has bottomed within a 1-year range with multiple signs of reversal.
A bullish bat pattern was formed while the price has broken above an immediate falling trendline.
Besides, the current price could also be the beginning of the 2nd shoulder of an inverse head and shoulder.
Aside from the technical aspect, the pound is simply undervalued for a long time and BOE hasn't shown any signs to consider cutting rate.
The pound will always stand a chance to rally as long as 1.25 doesn't break.
GBP/USD - Bullish BatGBP/USD is currently forming a bullish bat pattern on the 4h chart, providing a trading opportunity with a 1:2.24 risk to reward.
The measurements for a valid bat pattern are detailed below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
All 3 measurements form within a close proximity in the potential reversal zone, as you can see the last number in the zone being a 1.618 alternate AB=CD.
Once price pushes lower and confirms the 0.886 measurement we can begin looking at the 1h for an entry.
Have a good week everyone!