EURUSD-Weekly Market Analysis-Jun22,Wk3After the Bearish run from the Bearish Crab Pattern, the market may consolidate at 1.0500 before the next move. At that level, there is a Bullish Bat Pattern that traders can wait for a counter-trend trading opportunity.
Conservative trader could wait for a retest before engage the trade.
Bullish Bat
Gold BatThose who are in the Gold trade like I do will see that the market retest the previous resistance. What is important for us is to observe a break and close above $1869.66 on the daily chart and today the market once again comes close to this level.
At night(depends on where you are), there is a US NFP happening at 8.30pm(GMT+8) which could affect our trade. Place stop at entry at the very least.
BAT PATTERNThe Bat pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses its direction but then continues on its original course.it gives you the opportunity to enter the market at a good price, just as the pattern ends and the trend resumes, and has a bullish and bearish version. we can enter short C to D, and Long from the D leg.
US10 YR Treasury ETF: Bullish Divergence at PCZ of Bullish BatThere is RSI Bullish Divergence at the PCZ of a Bullish Bat that's Visible on the Weekly Timeframe. This may also signal the beginning of a moderate pullback within the DXY as initially, I expect the DXY to show a Negative Correlation with Rising US BOND prices.
Bullish Gartley and Bat on LUNABTCThe LUNA/BTC pair is showing a potential for a Bullish Gartley and Bat on the 2 hour and Below while the RSI sits at literally 0 this could be a sign of Bullish things to come.
GBPAUD - Bearish GartleyGBPAUD is in an interesting position, it is almost at its midway of a Bearish Gartley Pattern on the daily chart that completes at 1.7974 and a Bullish Bat Pattern on the 4-hourly chart.
Either pattern complete shouldn't invalidate the pattern in this trading setup. It is important if you have the experience and know what you are doing before you plan to extend your target taking by using our upsize trade management.
If you aren't familiar with that, taking the conservative target is fine.
Gold - Bullish BatA Bullish Bat Pattern on Gold gives a great opportunity for trend traders to take action. Due to volatility, I trade 10x lesser in terms of trading exposure on Gold compared to my usual Forex exposure.
How about you?
Will you engage in the Gold Trade NOW? or would you wait for next week market confirmation?
Bullish Bat Pattern BTC 15minWith the recent rise, a bat pattern in bitcoin on the 15min has been forming. If it gets backs to the 30k level it looks to be a great pattern to look to trade. According to Scott Carney, harmonic trader, from harmonictrader.com, states the Bullish Bat pattern completes at the .886 XA retracement with in this case a complementary a 1.618ABCD extension in the PRZ.
Stops below X but usually at the .886 completion it should show signs of reversal. First profit target for Fibonacci harmonic patterns is usually the 38.2% retracement of the full pattern measurements, followed by second target at the 61.8% and third at top of pattern, and fourth would be a breakout above the pattern. You can bet usually the first two targets will get hit at the very least the 38.2% if the pattern shows it is following the pattern correctly. You can set and forget these patterns but it's best to wait and be an active trader to utilize full potential of these harmonic patterns. Especially once price shows signs of going against you and your in profit. Next to remember is this will be considered a Type 1 harmonic pattern if it does complete. Type 2 means the pattern hit the targets already and will give you a second chance retest to trade the same pattern or give you a second opportunity to jump in.
LUNA movement this weekA bullish bat pattern is forming for LUNA. Moreover, a double-top pattern can also be seen.
In the next hours, LUNA will recover a little bit then go down when hitting $92 (my Trend-based Fib extension 0.5 level).
Once the neckline is broken (again), LUNA will fall to the lower Fib level ($84.5). Here in this level, we may see a 4H candle with a wick of $78.5
Verizon is at the Bottom of Channel and the PCZ of a Bullish BatVerizon is certainly one to keep an eye on as it is at the Demand Zone of an Equidistant Channel that happens to be Confluent with a PCZ of a Bullish Bat Harmonic; I'v been watching and waiting a long time for it it for this Confluence Zone to be hit and now that it has i'v just bought 500 shares and am ready to take my chances here.
Potential Long Bullish Bat APF H1 TFPotential Long Bullish Bat APF H1 TF
HTF D1 showing us temporary retracement,lets see if the trend continue
Forming Bat pattern in LTF H1 is good entry but we must wait for confirmation
reminders:Trade @ your own risk
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to loss..
Price prediction for APEAPE has had quite high volatility these recent days.
On 4H Timeframe, it seems to form a bullish bat pattern. I anticipate an early leg down here before a possible reversal at point D ($11.6). But the first stop for good profit should be $13.8 (quite good support at this level).
One reason for this early reversal prediction is that there is a Bearish spinning top candle formed.
EUR USD reversal off strong support + bullish BAT patternEUR USD at strong weekly, daily support level, a bounce back up is very probable
This support level correlates with BTC/USD support too.
Dollar DXY >100, USD overvalued, so correction may be due, although no signs of it in DXY technical analysis
EUR central bank interest rates over 3.5% compared to US 0.5%, so holding EUR as cash generates more yield.
A harmonic bull BAT pattern is printed on weekly TF, suggesting reversal