Although I am not as much a fan of harmonic patterns as when I first began trading this pattern again appears to meet the criteria perfectly.
Through back testing I have found the Bat pattern to have a success rate of 62%, I would consider this a medium to high probability trade and as such will be committing a maximum of 5% capital to this trade.
Entry:...
possible ascending triangle in the making with Bullish Cypher, gonna risk a short IF WE REJECT FROM RESISTANCE
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#DoYourOwnResearch
#notfinancialadvisor
#DoYourOwnResearch
A bearish bat pattern is completed in the four hours chart, it provides a potential reversal level from 139.050 to 138.840. Although the market is close above the potential reversal level, the market is still under the bat pattern X point, so I still think this signal is valid. If the market gives me any confirmation signals, I will try to short the...
A bullish bat pattern is completed in the four hours chart, it provides a potential reversal level from 24.8300 to 24.400. Now the market is testing the support area which is around 23.9500. If the market give me any confirmation signals, I will try to long the market.
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I do consider this pattern as a correction of the trend and that same pattern it gives us a clear view about a possible impulsive downtrend coming soon with the Bat pattern, I believe after the price test the entire PRZ the price it's going to lose is strength and start a rally to the downside because we also have a resistance level which is in the same area of a...
Hi Traders,
Cable is putting in two potential advanced patterns. One long and one short. There is a Bat on the short side and a Cypher on the long side. I have no bias and will execute a trade based on whichever pattern completes.
Thanks,
P.S.
Analysis of #GBPUSD
Here we have a potential advanced bat pattern could complete at the structure for quick trade if it comes
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Check today analysis below⠀
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-DISCLAIMER: This Information Is Not a...
Hi Traders,
Been a while...
Gold has printed a bullish bat in confluence with the underlying trend. Initial targets and my personal entry is on the chart. Around 230 PIP risk for me, but a great R/R ratio overall, especially if TP2 is achieved.
P.S.
Hello, folks I just notice this opportunity right and it seems to be a good edge to think about getting long in it, but remember always trade with rules and you will be safe at any behaviour of the market.
1. Harmonic Pattern Completion - Done;
2. PRZ Hit - Done;
3. Terminal Bar - Done;
4. PRZ Test - In the process;
5. RSI Reversal Sign - Waiting;
6....
