AUDCHF M15 Bearish Bat Harmonics PatternWait for price to retrace to the sell zone marked in grey and completion of the Bearish Bat Pattern.
Selling with larger timeframe downward trend.
Entry price around 0.7168
For more conservative traders, can look out for pin-bar / doji candles for confirmation before entering the short.
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GBPNZD H1 Bearish BatH1 Bearish Bat Harmonics Pattern
The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread.
I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me added reason to short this pair at this level.
Entry: 1.8965
SL: 1.9032 (-67pips)
TP1: 1.8846 (+119pips)
TP2: 1.8780 (+185pips)
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GBPUSD H4 Bullish Bat H4 Bullish Bat completes at 1.2874, looking to place buy limit at this level and "Set and Forget".
Strong previous support and resistance confluences at this price level and trading with higher time frame uptrend.
Entry: 1.2874
ISL: 1.2786 (-88pips)
TP1: 1.3028 (+154pips)
TP2: 1.3137 (+263)
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To all traders, may all your trades be green.
Have a prosperous Chinese New Year 2019!
AUDUSD H1 Bullish Bat Harmonics Pattern Completion Wishing all a Prosperous Chinese New Year! May all your trades be green and a year blessed with great Health and Wealth! :)
Miss the initial entry due to a busy Chinese New Year Eve celebration. Bullish Bat completion this morning and turned exactly where I wanted to buy. But fret not, there are always opportunities presented to use daily if you know where to look :p
This pair just broke the previous high on the higher time frame, I'm looking for a re-entry on the trendline if there is good confluence with RSI and candle formation - trend trading if some of you like to call it.
Entry price: In the zone and on the uptrend line
Initial Stop: 0.7174
TP1: 0.7252
TP2: 0.7277
**Watch out that price may fall further down as I see another Bullish Bat on below the trend line.
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GOLD Daily Bearish BatHappy New Year 2019 Trading View Community! My first post for this year and like to share this great setup I found on Gold.
Gold had a good bull run since Nov 2018 and finally reached an area where I am interested to look for selling opportunity.
On the Weekly time frame, we can see price action doing a consolidation between about 1050-1400 which tells me that price is near the top of the consolidation range and may have reached an exhaustion point and ready to turn.
Lower to Daily time frame where i execute my trade plan, I found more supporting reasons to sell:
1) a clean Harmonics Bearish Bat setup that completes at about 1307
2) price is within my sell area marked by the grey area
3) at resistance level
4) strong confluences with previous highs and lows price points
5) RSI at or near oversold levels
Here is my trade plan:
Entry: 1307
Stop Loss: 1343.40 (-36.60)
TP1: 1254 (+47) (to bounce off previous Bat Pattern)
Extended TP: 1219.50, 1186.80
Once price exits and close below my sell area, I will shift stop loss to entry to reduce my exposure.
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To all traders, may all your trades be green :)
GBPAUD H4 Bearish BatFound this short opportunity in the middle of the Daily Trend Channel, not looking to set target all the way to the trend lines.
Healthy Risk-Reward of about 2.5x for target level, going for a single target trade.
For Set & Forget traders,
Entry: 1.8243
SL: 1.8336 (-93pips)
TP: 1.8013 (+230pips)
For conservative traders, look for confirmation candles before engaging the trade.
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USDCAD H1 Bear ButterflyBig time frame downtrend, for those who missed the weekly Bear Bat on my previous post, this is a potential retry point.
Entry: 1.3370
SL: 1.3407 (-37pips)
TP1: 1.3301 (+69pips)
TP2: 1.3254 (+116pips)
To consider extended target based on my analysis on the weekly chart:
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EURGBP H4 Bullish Deep CrabNice Bullish Deep Crab completing nicely at the last price pivot point. Good Risk-Reward Ratio.
For conservative traders, you can consider waiting for more confirmation such as Double Bottom or reversal candles before entering the trade.
Entry: 0.8822
Stop Loss: 0.8775 (-47pips)
TP1: 0.8922 (+100pips)
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To all traders, may all your trades be green :)
GBPUSD H4 Bearish GartleyWaiting for price to reach Point D to complete the Gartley Pattern for a shorting opportunity.
Gartley completes at price level 1.2740 .
Higher timeframe trend is down, hence this trade setup will be with selling with the trend.
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USDCAD Weekly Bearish BatLarge timeframe traders dont miss this! Clean Bearish Bat Harmonics Pattern with good Risk-Reward Ratio (RRR).
Saw how the completion area of the Bat Pattern coincide with previous price points (circled in red) which gives this trade setup added probability boost. These are some of the things that I look out for when looking for trade.
Patience is the key for trading, especially when trading on the Daily and Weekly charts, be ready to hold on to the trades for weeks and months!
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We are a community committed to empower individuals to trade profitably and independently in the Forex Market. This is our latest Trade Ideas results for October. Subscribe to us and receive updates on more upcoming trades.
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EURUSD H4: Bullish ButterflyOne of my favourite Harmonics Pattern other then the Bat Pattern. I actually took the Bat short last month at completion zone (about 1.1467) for this pair and now Butterfly is presenting another trading opportunity. That is why Harmonics Pattern is so powerful and easy to identify, perfect more traders who are newer to the scene.
Look out for price if it goes lower to the 1.1219 - 1.1239 area where it is supported by the previous low and buyers' area.
I am looking to place a pending order due to my trading style (I love to Set & Forget ^^). For more conservative and active traders, you might want to look out for reversal candles once price reaches the buy area and a confirmation signal/candle before making a move.
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CHFJPY H1 Bullish BatBullish Bat on this pair.
Allow price to drop into the buy area and to proceed with caution! I will wait for more confirmation signals before I take this trade. I see healthy Risk-Reward Ratio (RRR) on this one even at first level of take profit (1 : 1.7). Only look at trade setups with good RRR to ensure long term profitability.
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We are a community committed to empower individuals to trade profitably and independently in the Forex Market. This is our latest Trade Ideas results for October. Subscribe to us and receive updates on more upcoming trades.
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USDJPY H1 LongWait for price to decline into the buy zone, I am looking to buy around the 78.6-88.6 Fibo retracement.
Long term trend upwards, trading with the trend.
Entry: 111.218 (est)
Stop Loss: 110.573 (-65pips)
TP1: 111.939 (+72pips)
TP2: 112.633 (+142pips)
Risk to Reward: 1:11 (TP1), 1:2 (TP2)
May all of your trades be green and achieve all your financial goals!