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TRXBTC H4 SELL setup on Bearish Bat + Supply & Demand AnalysisBearish Bat + Supply Zone + Opposite Bullish Bat retracement level for a potential sell. Price reacted from our Daily Bullish Bat pattern and strong Demand Zone to signal uptrend is potentially underway. For more aggressive traders, consider going down to smaller timeframe and buy on demand zone towards our sell area before reversing your trade position. Conservative traders can be patient and wait for the setup to play out. Entry: 613-627 SL: 642 TP: 577 Do like, share and follow us for more analysis like this regularly.
Short
by TradeEye
1
USDJPY H4 Bearish Bat Completion at Sell ZoneFound this Bat completing at my Sell Zone and also previous Resistance Line. Usually I am the "Set & Forget" type of trader, however for this trade I am taking a more conservative approach due: 1) I am looking to short, which is against the uptrend it is having now after the flash crash. 2) Many traders will be looking to sell here since it is a resistance level. I am cautious of a Bull Trap. 3) I am not convince if RSI cant show me Overbought. To look out for the standard reversal candle formations and possibly a deep entry into the zone, lets see how this plays out, I have set an alert to notify me when price is near my zones. I highly recommend traders to make use of this function to reduce your screen time and engage in more meaningful activities in your lives. End of the day we trade to free up time for our other priorities in life isn't it? Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Short
by TradeWithWayneYia