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Bullish Bat

ETHUSD - An Illegitimate Case for the Bullish Bat - 1 Hour TFI enjoy the Butterfly , the Bat , and the Fib. We know how well these Patterns play out in Crypto, yet, I digress, more. Let's look at some quick recent price action through the lens of a Bullish Bat . Closely monitoring a Cup and Handle on the Daily & 12 HOUR Chart ( linked below ), I am set to task at observing and validating price action to the upside. This Bullish Bat , in the short term , will be an interesting look at retracement of this Bullish Bias. Since this minor downtrend line has been breached, it does conveniently place the AB Leg (from the recent dip from $170 to $125.88) at the 23.65% Retracement level, and the first hurdle on an upward move. It should find support here now. The XA Leg is also topped at the 38.2% Retracement upward , and the BC Leg back at the $125 area. Bulls may give no pause after consolidation and continue on, but we'll observe here to see how it plays out. Additional Details on the Cup and Handle with a bit more in-depth analysis that needn't be covered here, but may be of particular interest regarding the uptrend (see below).
BITFINEX:ETHUSDLong
by MrJEB
NZD/USD 4H Two possible outcomes from harmonic perspectiveAnother reason why I love advanced patterns so much is that they let you identify potential trades long before the sell or buy signal occurs, all you have to do is sit back and wait for the patterns complete and even if they don't complete, no big deal, just move on to the next one they occur in all markets, no matter currencies, stocks, futures or commodities . Of course not all of the patterns formed in the markets turn out to be valid, they fail quite often. Nothing is perfect these days....Anyways, here are two potential patterns forming on this pair, its a bullish bat in case if bears push the market lower and another one is a bearish butterfly which is more attractive to me as it is completing at the even handle number of 0.7000 also psychological resistance. Considering that we are quite overbought in the bearish market we may see a very sharp decline if bulls push price further up towards completion of the butterfly . Of course it would be nice to see completion of bullish bat followed by completion of butterfly ... :) I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Trade your plan and good luck in the markets.
Short
by TheDailyTrader_FX
USDJPY-Weekly Market Analysis-Feb19,Wk5Based of the 4-hourly chart buy zone, is great to see an emerging bullish bat completes within the zone. Let see if it form up by 4th March 2019, if not most likely this Bullish Bat Pattern is invalid. My exact trading decision of this will be shared with my subscribers. This Wednesday, 26 Feb 2019, 8.08pm-10pm(+8GMT) I will be going through 12 currency pairs on the mid-week analysis Like our facebook page so when we went live, you will be notified. SHARE our post so more traders can benefit from the analysis and COMMENT 1 thing that you like about the analysis. Your support is greatly appreciated.
Long
by RaynLim
NZD/CAD 4H Bearish Bat formation @ 0.89265This is why I fell in love with harmonic trading strategies. They work so well in consolidations like this, that sometimes you feel your self like a wizard able to predict reversal point with pip to pip precision. Although this might not be the best example as the first cypher pattern failed and my stops got taken out for that trade, however the next two cypher patterns made it all back taking out all 3 profit targets for both trades. After one failed and 2 successful trades, this consolidation is now forming a 4th opportunity within the same consolidation and it is the Bullish Bat . I have to say that Bats are my favorite advanced patterns as they offer the best Risk/Reward Ratio and usually are very distinct on this pair, according to my test results. Now overall market condition is Bullish as we are in Bullish trend where this consolidation occurred right above the 0.8900 even handle number which also happens to be 38% fib retracement of the prior bullish swing and major structure level as well. My entry method for this trade is gonna be limit order 2 pips above the completion price with ATR based stops above the Bats XA leg. I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Trade your plan and good luck in the markets.
Long
by TheDailyTrader_FX
2
NZD/CAD 4H Bearish Bat formation @ 0.89265This is why I fell in love with harmonic trading strategies. They work so well in consolidations like this, that sometimes you feel your self like a wizard able to predict reversal point with pip to pip precision. Although this might not be the best example as the first cypher pattern failed and my stops got taken out for that trade, however the next two cypher patterns made it all back taking out all 3 profit targets for both trades. After one failed and 2 successful trades, this consolidation is now forming a 4th opportunity within the same consolidation and it is the Bullish Bat. I have to say that Bats are my favorite advanced patterns as they offer the best Risk/Reward Ratio and usually are very distinct on this pair, according to my test results. Now overall market condition is Bullish as we are in Bullish trend where this consolidation occurred right above the 0.8900 even handle number which also happens to be 38% fib retracement of the prior bullish swing and major structure level as well. My entry method for this trade is gonna be limit order 2 pips above the completion price with ATR based stops above the Bats XA leg. I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Trade your plan and good luck in the markets.
Long
by TheDailyTrader_FX
Bull BAT formation on Daily EUR/NZD @ 1.64360 Following bearish move in November pair is potentially forming a Bullish BAT pattern on 1D chart. Currently price has broke and close below the previous structure support giving us a good probability that bears will be pushing this lower down to our bat completion. This is also opening a shorting opportunity on lower time frame to those of you who trade Bat-BAAM strategy, as price has broke and close below the point B of our potential bat meeting rules of Bat-BAAM. This is something that I would not trade personally as I never tested it, but it could be good opportunity to some of you. If This Bat is gonna play out then it will create double bottom on weekly time frame for extended term targets. Follow me for more pattern trade ideas on weekly and daily basis.
Long
by TheDailyTrader_FX