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Harmonicbat

Gold developing harmonic bearish batHarmonic bearish bat currently forming on 4h timeframe. I published this last night: It shows how we started to reverse after hitting the minimum profit target of the deep crab harmonic pattern that formed on the daily timeframe. Once we see the break of the channel I was expecting price to move further to the upside. Now I went down to the 4 hour charts to come up with a decent entry point for this trade, only to spot the potential bat... The momentum is very strong, and im expecting this pattern to complete just below 1508$ I want to thank you all for the support and especially those of you who has been following me since the beginning and those of you who keep supporting my charts. Thank you so much Please give the chart a like as a sign of your support and leave a comment in the section below. God bless and happy trading
FX:XAUUSDLong
by MikulovicFOREX
2
It's a bird, it's a plane...nope, it's a BULLISH HARMONIC - BTC!Hello friends! A quick update to put to rest this nonsense about a head and shoulders! Personally, I don't believe in chart patterns UNLESS THEY ARE BASED IN FIB I noticed this pattern beginning to build on Bitcoin a few days ago, and sure enough, it does indeed meet the requirements for a Bullish Harmonic Bat, THIS, is a pattern that successfully predicted the EXACT bottom on Bitcoin back in November, however this time it is reversed. You may view that analysis HERE: I don't have too much to say. I am still long from my entry at $7444 as outlined in our previous Bitcoin analysis here: Good luck Traders!
BITSTAMP:BTCUSDLong
by vox-populi
1
Trade Ideas Position: AUDUSD BatA type 2 Bat has formed up, so what is a type 2 bat, it simply means a retest of the entry level of the bat pattern. Although if the Bat has hit the 1st target during the setup and it is also a counter-trend move, it is not my favourite bat setup for a retest as some traders might have already exited this trade (losing the force to push it up) . In this particular scenario, there is a RSI Divergence and I do see a good potential setup and further extend upwards for a shorting opportunity. That gives fantastic Reward:Risk(RRR), hence, I'm in.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-May19,Wk3GBPUSD is showing a downtrend movement on the daily chart. On the 4-hourly chart, the market does show a possible potential head and shoulders. I will definitely need to wait for the candle to touch the read shoulder before I can engage. On the smaller timeframe, you can see the blue bullish bat pattern. I have already engaged this, thought market move back to my entry price but I'm going to follow my rules and wait for the 1st target being hit, then I will shift stops to entry. Love this analysis? Like it and Share it with your friends.
Short
by RaynLim