POTENTIAL BULLISH BAT - EURJYP H1Here is a PROJECTION of a Bullish Bat Pattern that I think is forming. All trade info on chart and also below.
* Please Note: I am new to sharing these ideas and charts, so if this is helpful, please Like & Comment and I'll continue to share the ones I find.
Trade Entry, Targets, & Stop:
Entry: 129.864 (88.6% Retracement of "XA" Leg)
Stop Loss = 129.511 (113% Extension of "AX" Leg)
Target 1 = 130.353 (38.2% Retracement of "AD" Leg)
Target 2 = 130.656 (61.8% Retracement of "AD" Leg)
Manage Trade = Take out half of position when Target 1 is achieved, move Stop Loss to Break Even, and let remainder run to next target.
Bullish Bat
AUD/NZD - Bullish BatTraders, today we have AUD/NZD on the 15m chart with a valid bullish bat pattern.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
XA Retracement: 0.886
Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio.
Once the final 0.886 measurement has been confirmed we need to analyse price action in this zone to determine the extent of the reversal.
Have a good week everyone!
BNBSo... BTC now goes to 5k USD... and BNB will be the king for a while, again.
MACD & SRSI on the floor.
Bat is almost completed.. so reversal is about to happend... best targets are in green
Anyway you should consider Fib projections because most common levels for target after Harmonics are 0.382, 0.618, 0.786 and 1.
I put the 2 scenarios, that is XA and BC height projected from D point
Educational Only
If you like my ideas, please hit Like, leave a comment, share them and follow me for more!
-CJ-
GoodTrade
Has GOLD Bottomed, Enough for Rebound?The bigger picture, I doubt gold has bottomed and that's still a long way.
But a rebound and with further significant appreciation from the current bottom?
Continuing from my last post on bat formation and double bottom,
the price did gain further, but a pity just a small wave of up to 70 pips, then it slid.
However, the price rebounded off strongly after failure to break below a rising trendline based on the week chart.
To put it simply, rebound was strong, a new formation (inverse H&S) is in progress on top of a valid bat formation - Looking to long near 1253.
AA Stepping stone after lengthy accumulationNYSE:AA currently in buy zone testing the bottom of new trading range (stepping stone) and demand trend line. Left the previous 9-year accumulation range on light volume, which provides confidence in underlying trend. The only concern is that materials sector and aluminium industry do not show any signs of market leadership. Good for range-bound trade or long-term investment.
9) EURUSD bullish cypher/bat on 1hr chartFollow me and check the related ideas below to learn more EURUSD ideas in a larger time frame. I will keep updating within the daily bullish bat.
If you dont like my ideas you know what to do. And if you like them please hit the button and let me know. Thank you.
Good luck...
GBP/USD - Bullish BatHello traders, here we have GBP/USD on the 15m chart with a valid bullish bat pattern.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
XA Retracement: 0.886
Price has confirmed the PRZ which consisted of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio.
I'm paying attention to this small structure in the PRZ on the 1m chart, awaiting a break to the upside.
Due to the nature of this setup, I'm waiting for further confirmation of the reversal.
If you found this helpful leave a like! Thanks for your support.