A bearish bat with my favorite ascending triangle can be a bit tricky for the decision making for this setup.
I will wait and see how the market react at the blue trendline, a break and close below the blue trendline will make the ascending triangle invalid, however, if the market didn't break and close below the bullish trendline(blue) I will unlikely let place...
A bearish bat as a countertrend trade within the double sell zone with an RSI Divergence made it even better.
This reminds me of the good old day where both my AUDUSD and NZDUSD have RSI Divergence, AUDUSD within the sell zone but NZDUSD broke the sell zone.
At that moment I have gotten myself mentally prepared that 1 will hit profit and another most likely a...
A bearish bat pattern shows up in GBPAUD 4-hourly chart. It is a type 2 retest of the bat pattern with RSI Divergence, not to mention it trial near to the previous sell zone.
Great consideration for countertrend trade especially for traders who had missed the previous entry opportunity.
An inverted Ascending Triangle setup for a buying opportunity. A break and close above show a high tenancy of the market heading higher. So if the market head higher where would it most likely goes to? The previous high of the bearish bat entry point?
Long from the current price is both a breakout and counter trend trading setup.
Traders who are looking at a...
A bearish shark forms on the 1-hourly chart(left) with parallel uptrend channel indeed is not the happiest market movement when you are in the trade. What's great about this is it accompany with RSI Divergence which says otherwise on the market movement.
Right now, if you have not engaged the trade you can wait for the retracement back into the sell zone on the...
I´m looking for this bearish BAT pattern on BTC. PRZ is in zone 11 100$ - 11 300. Target Fib. retracement 382 and 618.
What do you think about this set up? Let me know in comments bellow.
So how do you handle the market that gives you conflict signals, 1 on buying opportunity another on selling?
Comment down below.
Well as for me, I'll trade as it is as it's on a different timeframe and within an upward market movement, there will be a retracement(bearish), nothing is cast in stone, especially in trading.
On the daily chart(right), the market...
Higher Time Frame - Downtrend.
Daily Uptrend Channel broken.
Bearish Bat Setup and trading with the overall trend, good risk to reward ratio.
Entry: 1.7942
SL: 1.8019
TP1: 1.7792
Extended TP to 1.7691 if TP1 cleared.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame...
On the daily chart(right) it has a AB=CD movement, then market retrace to the sell zone.
On the left, within the sell zone, forms the bearish bat patter(4-hourly) for a trend trading opportunity.
Having the current candle movement, the market does suggest a potential breakout and close above the resistance.
My EA pattern recognition software I've been testing for 1-year plus picked this up as you can see it spotted a bigger picture that can't even fit the entire bat in the chart.
Definitely a countertrend setup on this.
If you had read the previous...
On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity.
On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea.
I've...
A bearish bat setup as a trend trading opportunity on EURUSD. What interest me is the consolidation occurs after pt B and pt C are formed.
This gives a potential bullish flag formation hitting an AB=CD setup.
Sadly the RSI is not on the oversold area, so I have to watch this closely. It will have a great reward:risk, however, I do believe is a torturous wait for...
Looks like the pair is within the formation of Bearish BAT on 4 Hourly Charts. Little early to say as B Point yet to be broken. But now the levels are marked and we may expect price to react in the marked PRZ.
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