#BAT
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 0.1550
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports...
Like I mentioned in our weekend live session, I don't see any BOJ intervention happening soon.
The earliest I’m looking is when the market reaches 158.73, with the next level at 159.66.
Around 157.74 is the level I'll be looking for a buying opportunity using the existing strategy that I've used for many years.
Key Levels:
Potential Intervention Levels :
-...
EURUSD Bearish Trend and Bearish Bat Pattern Completion
Instrument: EUR/USD
Timeframe: 1-Hourly Chart
Current Direction: Bearish
Analysis:
EUR/USD is currently exhibiting a bearish trend. While the impulse to short immediately is strong, my preferred entry level is at 169.54. This price point aligns with the completion of a bearish bat pattern on the...
EURUSD is currently showing a sideway consolidation on the weekly chart, but the daily chart is painting a different picture:
- Bearish Fib-3 Bat pattern with RSI Divergence
I'm eyeing two potential entry points on the 1-hourly chart:
1. Resistance retest at 1.0852
2. Type 2 retest of the Bearish Bat Pattern at 1.0879
What's your take on this setup? Share...
Hello, traders!
I’m on standby to short the USDJPY, and here's why this setup is compelling. This analysis covers two crucial parts, providing context and strategic entry points.
Part One: Macro Fundamentals
1. China’s Treasury Offload :
- China sold $53.3 billion of Treasuries and agency bonds in Q1 2024. This reduction in US dollar assets can impact...
The RSI on the daily has begun to rollover as the SPX appears to have rejected off of the Bearish Alternate Bat HOP level. There does not appear to be much nearby support within the range the SPX is currently trading in so if it gets back below the previous All-Time High I could see it coming back down to around $5100 maybe even $5000 - $4800. This all seems to be...
#BAT
The price is moving in a triangle on a 12-hour frame, which it adheres to perfectly.
We have a major support area at the 0.2500 level.
We have stability above moving average 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 0.300
The first target is 0.3200
The second target is 0.3500
The third...
Overview:
Bitcoin (BTC/USD) is approaching a key resistance level at $72,295, which could impact its near-term price action. Here's a breakdown of the current analysis and potential trading opportunities.
Technical Analysis:
- Resistance Level: Bitcoin is approaching a significant resistance level at $72,295.
- 4-Hourly Chart: A close above this level could...
#BAT
The price is moving in a bearish flag on the 12-hour frame
We also have a good penetration and therefore we seek stability
above moving average 100
We have a major support area at the 0.2100 level
We have a positive divergence on RSI
Entry area 0.2330
The first target is 0.2356
The second target is 0.2547
The fourth target is 0.2704
There is a Bearish Harami at the HOP level of a Bearish Bat with Impulsive RSI BAMM Confirmation. Alongside that, we also have 2 Major Squareups significantly below the current level and also an unfilled gap. If these Bearish Signals at the highs are to play along, this should be the start of an even greater retrace to fill the downside gap and to complete the...
EURJPY presents an interesting scenario with a potential combo trade, or is it? Let's break it down:
1. 4-Hourly Bearish ABCD Pattern:
- Retest completion at 161.74.
2. Daily Bearish Bat Pattern:
- Completion at 162.55.
Two patterns, two different starting points. Is it a combo or a dual setup?
Share your thoughts and let's navigate this intriguing trade...
USDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan:
1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart:
- Patient approach for a comprehensive setup.
2. Early Trading Opportunities on 15-Minutes Chart:
- Spotted Bearish Bat and Bearish Gartley Patterns.
- Potential for quicker engagements...
If you're seeking shorting opportunities on EURUSD, I've got two potential setups for you.
Remember, always wait for candlestick pattern confirmation before making your move.
Bearish Shark Pattern: Look out for completion at 1.0917.
Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish...
Given the current consolidation phase in the market, I'm open to exploring various trading opportunities this week.
For counter-trend traders eyeing a shorting opportunity, the completion of a Bearish Bat Pattern at 1.2803 is a crucial level to watch.
Alternatively, for those in search of a buying opportunity, a retest on the trendline, conveniently aligned...
Despite GBPUSD demonstrating a Weaker Bull Trading setup, my analysis suggests a more bullish outlook compared to EURUSD.
However, I'm currently eyeing a shorting opportunity on a lower timeframe. The emergence of a Bearish Gartley Pattern retesting at 1.2752 or a completion of a Bearish Bat Pattern around 1.2803 appears promising for a potential short...
GBPUSD showcases a Bearish Bat pattern on the daily chart, signaling a potential shorting opportunity with a likely retest around 1.2691.
Another approach would be to watch for resistance retesting, aiming for a double top with RSI divergence at 1.2606 on the 1-hourly chart.
However, if you're leaning towards a buying opportunity, considering the Weaker Bull...
NZDUSD could be setting up a completed bearish bat, 4 hr chart. That level retests previous structure, and with possible RSI divergence on the daily chart, a possible double top for a longer term short
