Bullish Bat Pattern within Trend with potential double bottom For further confirmation wait for close of 4 h candle and a potential double bottom. Stops below X. Targets are 38,2 % and 61,8 % retracements as shown on the chart. TRADE YOUR PLAN! Peace. Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Just a quick Bat pattern setup on GBPUSD. Came right back into previous structure with RSI oversold. Now seeing nice divergence and a triple bottom. Shooting for conventional targets at 38,2 and 61,8 retracement of C-D. Stops have to go below X. As always, follow your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
AUDUSD is still in a downtrend. Therefore we're looking to take shorting opportunities to hop on the trend. This gartley pattern gives us pattern traders a valid short. Depending on your personal rules you can either trade this pattern with conventional targets (38,2 & 61,8% from A-D) or as a TCT as shown on the chart. Website: www.ogtpartners.com Twitter:...
Just wanted to give an idea for possible trend continuation trades, All rules are on the chart. All the best. Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
* First one is a Gartley Pattern, not a BAT* Advanced patterns work best when the market is in consolidation. A great example is the German Dax where we recently saw two advanced patterns both hitting two targets. Now there is a third possible chance to get involved in form of a bullish cypher pattern. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
A short trade idea on GBPUSD. Coming into previous resistance zone while forming a potential bearish bat pattern completing at the 0.886 retracement. This offers a nice short opportunity for those pattern traders out there. Targets at 38,2 and 61,8 % retracement. Stops above X. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl