We tracked BAT for a long time and the current moment seems to be the best to enter this position. Hidden bullish divergence is revealed due to higher lows at oscillator chart and lower lows at the price chart.
Indicators are bullish: Stoch RSI is in the oversold state, DMI shows possibility of sharp rise. Fundamentals are also great. The price is going to enter ...
It is noticeable on the 3-day time frame that the 50EMA and 225EMA are getting heavily compressed ~ so what does this mean?
Obviously as the price moves further towards the Apex then it will break one way or other, which maybe the reason for complete stalemate in the market until an event or the structure(Descending Triangle) breaks down due to time!
Not quite ...
We have a few confluences on the AUDSGD pair at the moment -
RSI is showing a divergence;
Price is losing momentum to the downside;
We have a completed Bat pattern; and
Price has completed a ABC structure.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important ...
I see a Bearish Bat pattern completing around the 1.6250/6300 levels. This recent move up is mainly due to the the movement of the AUD rather than the EUR.
President Trump pushing for a tax on the US$200B China imports towards the end of last week was the probably the root cause of the AUD weakening significantly. AUD is the closest proxy of all the G10 ...
Traders, today we have AUD/NZD on the 15m chart with a valid bullish bat pattern.
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
Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio.
Once the final 0.886 ...
https://www.tradingview.com/x/ARYUVAcU/
hey traders,
on euro dollar we have a completed bearish bat pattern.
As the market already exceeded 886 (considered as the entry for bats), those who still are not involved
in this trade, can benefit from a more decent risk to reward.
Also, take a look at RSI - it is strongly overbought.
I anticipate seeing a ...
