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Type2

Trade Ideas Educator : AUDCAD SharkA bearish shark setup that I deliberately didn't take the trade because on last Wednesday 4Sep19 there is a Canada Rate decision marked by the red eclipse. Such an event can swing the trade both way and I'm not going to gamble again. Heard of that phrase, there's always another chance, so here it goes, 2nd chance entry I didn't take again as its Friday and market are about to close. Will wait for either market open, observe the movement before engaging the trade or to wait for the retracement to happen.
Short
by RaynLim
Trade Ideas Educator : GBPAUD BatA bearish bat pattern traded on the type2 setup within the profit trend line. The 1st extended target of the bearish bat has already hit the target with 80pips of profit. When to extend and when not you may think? I could help, all you need is to ask and I'll head you to the direction you are looking for. Profit of course. With the final profit hit for the bearish bat, it will bring forward the opportunity of the bullish bat setup for a trend trading opportunity. Refer to my previous post to see how the trade had formed.
Short
by RaynLim
Trade Ideas Position: GBPAUD BatBearish Bat trading opportunity on this setup. To many harmonic patterns traders, this bearish bat might already be invalid but not for me. The red line act as a Profit Trend Line, if you don't know what is Profit Trend Line then you might have learned this from the wrong source. It is still valid for a short because it does show a series of lower-high and RSI Divergence in the earlier part. It is still a countertrend trade, if this doesn't feels right to you, don't enter.
Short
by RaynLim
2
Weekly Market Analysis : USDJPY BatType2 Bullish Bat setup along with AB=CD pattern with RSI Divergence and not just that a buy zone reversal and the candle 'check-back' isn't this fantastic. Well, the only thing that wasn't that great is having such a high volatile black candle and head in for a countertrend trade doesn't look like the smartest move right? Perhaps is what we say about the high-risk high return in this case. Well, a conservative trader can wait for 2-days confirmation candle for a bullish engulfing to engage.
Long
by RaynLim
1
NZD/USD - Bullish Bat Type-II RetestTraders I hope you're having a good week so far, today I'm bringing you a trading opportunity on the daily timeframe for NZD/USD. We're looking at a bullish bat type-II retest as the initial reversal in the PRZ was short lived. I believe once we can confirm this reversal it'll go the full way. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 We're looking at a 2.0 AB=CD, 2.24 BC and 0.886 XA in the PRZ for this particular setup, all ratios have been confirmed and awaiting the "Terminal Price Bar" to close. This setup is extremely similar to my previous post covering NZD/CHF which is shown below. Thank you for your support!
Long
by LewisGlasgow
11