Here we see a potential emerging alt bat pattern, the completion point should be near 113% XA around 115.8. If this is the case, a buying opportunity will be present at these prices. Stops with a 40 pip risk should keep our position safe. Total risk should be no more then 3% of your capital on any particular trade. Good luck to all trading EUR/JPY
Here we see a bull alt bat followed by a classic bear bat. This could lead to a selling opportunity on USD/CHF. A 30 pip risk with entries around 0.939 should keep our position safe. Total risk should be no more then 3% on any particular trade.
After a massive drop of NZDJPY, a bullish bat pattern is a form as a counter-trend trade. On the little blue box is the area that I see as a demand zone. I'm waiting for the retest of the low before considering engaging the trade. A trade from the daily chart may take up to 2weeks to hit the final target profit area. If the market travel to the HOP(Harmonic...
The Alternate Bat Pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 1.13XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 0.382 retracement or less of the XA leg. The Alternate Bat pattern™ utilizes a minimum 2.0BC projection. In addition, the AB=CD...
if you are ready then like and leave a comment and follows me and then watching guide line by ALT Bat Harmonic Pattern
RBA monetary policy statement is released. Bullish Alt Bat as described in the chart
AUDUSD A Breakout Expected With 250 PIPS Potential If 0.6930 Level Is Broken and confirmed by a close above, we can expect a rally to Target 1 and If that is also broken then it can rally to Target 2 where ALT Bat pattern completes.
Hello Traders, Here is my weekly analysis for the pair. Let me know in the comment section below what you think about the analysis or if you have any questions. Hit the like button if you find it interesting or valuable.
EURUSD Another Opportunity To Add To Long Positions: If Price reaches this confluence zone, we have good opportunity to go long. However it must first invalidate ALT Bat pattern 38.2 Fib level @ 1.11190 Confluence of: 1. ALT Bat Pattern 61.8 retrecament target @1.10643 2. 4h Cypher Pattern 78.6/127.2 @ 1.10740 As the EURUSD is shifting its trend, we are...
Watch for entry on break-out of the falling wedge. This pattern looks pretty good and there is big propability for trend reversal. Possible positions are on the chart. Good luck
As expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe. However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position. Our original analysis to short at the completion of ALT Bat Pattern is still intact.
DXY: Alt Bat Pattern If 97.678 Is Broken DXY's fall has pushed GBPUSD, EURUSD and AUDUSD higher this week.
EURUSD Important 50% Retracements Leaving Clues For Huge Rally
Holiday Mood Thin Liquidity The patterns can be the subject of the next week's trades. Have a nice weekend
EURGBP 1H Possible Push Ahead Towards 200SMA and ALT Bat Pattern
GBPUSD Turning Bullish, Bat Pattern Fails, Alt Bat Forms 1. GBPUSD is turning bullish on monthly time frame which can lead to 2 possibilities: Bat pattern that has been formed but not completed yet (0.886 XA not touched yet) gets completed and then we get a bearish move OR as 200SMA is just above, we get a bullish move in coming 2 weeks to complete ALT bat...