Technical analysis:
. Basic Attention Token/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested ...
This is a rather slow moving currency pair.
Even during FOMC, it did not move much.
Looking at the 4 hour trend, the bullish move since May 2018 looks intact, trend is still bullish until the key support at 0.97 is broken.
Based on the rules of the bat pattern, this is how I will trade this setup.
EP 0.9730 - 0.9740
SL 0.9685
TP1 0.9813
TP2 0.9857
The key is ...
I've been stationed in Shanghai since last month and will be more active posting in the China version of TV.
EURUSD has been on my radar for the past few weeks.
It finally fully tested the PRZ and we are ready to trade this.
Over the weekend, there was news that Trump and Kim will finally meet in June.
This led to speculations of their improving relationship, ...
What's up everyone, today we have a shorting opportunity on NZD/USD with a bearish bat pattern on the 1h chart.
Excellent opportunity with over 1:2 risk to reward.
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
Final X to D: 0.886
The ratio alignment for this setup is spot on, almost ...
Spotted this patter in the morning, the pair has completed a bullish Bat pattern on the hourly chart.
Price seems supported at the PRZ and held through out the night.
Looking to go long on this pair
US30 has just landed a AB=CD pattern and is atm testing previous structure. We might se a brief reaction from the structure (double bottom) confluencing with
the AB=CD pattern. I´m waiting for a bit more extended move down to a complete Bat pattern and probably a test of daily structure just below.
The price action at these levels will be my descission point for ...
FRIENDS
BAT
is doing a figure chartist that must comply with all of the manual toeria
I hope it is completed
wait for a break in the triangle and make a pullback to enter
ALWAYS DEPENDING ON THE BTC MOVEMENTS
REGARDS
GBPJPY has just landed both a near to perfect Bat pattern as well as a Deep Crab pattern - both completing at the same levels.
Right now we are watching at a first reaction from the PRZ, that I´m personally not involved with, but will probably see a retest of the complete zone
before we hopefully get another (Type 2) reaction.
We have no clear trend so standard ...
There is a possible bearish bat for EURAUD. Upon D completion at 1.58186 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:
Trade Setup: Possible Bearish Bat
Price Entry ...
