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Stretch

CADJPY - Bearish BatThis Bat Pattern is quite a highlight for me. I'm waiting to engage this trade only after Monday 11Jan21 1200hr(+2GMT) which is 6pm Singapore time. The preferred entry price is at 81.94. A lot of people may know harmonic patterns but they aren't aware of the rules and filters that's why the results that they are getting are not optimal. The best part of this Bearish Bat Pattern is that if it works, I may have a target stretch out to the Bullish Gartley Pattern formation on the daily chart. Look at Point C, I'm highlighting it not because of the Bat Pattern completion on the 4-hourly chart, it is more of it violating 1 of the rules of the Gartley Pattern, with that the market may fall through the Gartley Pattern and may even form a Crab Pattern, that would give me a potential target of 533pips that is looking to fulfilled as early as 26Feb2021.
Short
by RaynLim
CADJPY - The Trading Thought ProcessTrading made simple with just the APE framework. Analyse the market movement, listen to what the candle is trying to tell you; Plan for your trade or I like to say your attack, which trading strategy to use, trading with the market direction or against it; Execute the trade, hit the button and follow your rules, unless you have a trade management system in place, leave the trade alone. On the 1-hourly chart, it's like the Hollywood movie, I'm waiting for a retracement near the bottom of the buy zone(blue box), then once the candle pattern has confirmed, I will engage for a buying opportunity. Target1 to the most recent high before the retracement and Target2 I am just going to stretch a bit towards the bearish shark entry on the 4-hourly chart. Check out my video to see that.
Long
by RaynLim