potential bat pattern with entry @ .9546 tp1 @ .9452 tp2 @ .9394 minimum stops need to be above your X leg (.9578 if you use a 10 pip stop) follow your own rules for taking the trade Good Luck!!! any comments, likes etc. are greatly appreciated
I'm long this pair and wanted to share the potential for shorting in the near future! I originally posted an idea for a bear Gartley but am updating to suggest a Bat pattern is more likely! Look for bearish price action in the red zone...Good Luck!! 400+ pips to the downside target 1
Potential Bearish bat Pattern on the GBPJPY. It's a bigger trade so make sure that it meets you risk profile before firing off your orders. For those of you who have been with me for the past few months this will be a great example of what we've been talking about moving entries to match the risk. I had a great time in the Live Room yesterday. Thanks to everyone...
AUDUSD has entered the PRZ of 3 bearish harmonic patterns. The zone falls in the sell area of a bearish Wolfe Wave and is backed by strong resistance. SL is placed above bat completion. Targets are set at .382 and .618 retracements of CD. Confluence in the PRZ: Bearish bat pattern completion (2X) Bearish crab pattern completion Bearish Wolfe wave ...
On the GBP/JPY 1h chart we have a potential short opportunity at the D leg completion of a Bat Pattern. The price reversal zone is between 185.770 & 186.000 which is a strong psychological whole number. The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Pattern placed at the...
GBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X. KILL ZONE CONFLUENCE: Bearish cypher pattern completion 2.24AB=CD (cypher) ...
On the GBP/USD 4h chart we have a potential short opportunity at the D leg completion of a large Bat Pattern. The price reversal zone between 1.5596 & 1.5658 is quite large on this setup, this is due to a small B leg retracement. The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the...
EURJPY is showing bearish price action in the PRZ of multiple confluent harmonic patterns. After completing a bearish bat, price was rejected at the PRZ and is retesting the reversal area. In this area we have two bearish butterflies that have completed at trendline resistance and a bearish Wolfe wave setup as well. To add to the bearish bias, two unhit weekly...
$EURUSD continues to show strength today and the price is testing the X zone of the bearish Bat pattern I mentioned in my previous analysis (see linked idea). The fact that the price bounced from 1.14, which was structure resistance, and right now it is above two rising Triangles patterns suggests that $EURUSD intends to continue higher towards the next...
Good morning traders. Today on FX:AUDJPY we have a potential bearish bat pattern on daily chart, which should complete @91.32 level. Stops should go above the red zone and our targets will be fibs 38.2 and 61.8. Watch the structure level 89.4, it is really nice resistance which could be hold. Avto_T Green...
Earnings are high risk binary events. Many traders try to time major directional earnings moves by using technical analysis (me included). Although it often works, it sometime can end up with an unpleasant loss. Before $YUM's earnings, I sent to the Elite Zone members a setup suggesting that $YUM could reach 92$ and complete a bearish Bat pattern (potential...
We might have a bearish bat pattern on the Daily KO chart. - AB is just over a .5 retracement of XA - BC is just short of the .382 retracement of AB - Looking left we do have structure at point D. Stops go above X, TP 1 @ the .382 retracement of AD.
FX:USDJPY is in a harmonic move these days. There was a bat pattern and now we are in the next bat pattern. And this is a great opportunity to go short. As we see price has not hit the D leg yet. We have an additional confluence bearish divergence. The R/R is very good, stops go above 120.26 and our targets will be 119.21 and 119.79. Look for structure...
EURAUD has completed a bearish bat pattern in a PRZ that aligns with resistance provided by 2 significant trendlines. Missed pivots sit below price to add to the bearish bias. SL is placed above trendlines with target at .618CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Significant trendline resistance 3. 2BC projection 4. 2.618AB=CD 5....
Hey traders, there are more than a few opportunities setting up on the EURUSD, this one is still a ways away from me taking it serious, but believe it or not, it's the smallest of the potential opportunities. (The bigger potential patterns are on the 4 hour and Daily charts) What we have here is a potential bearish pat pattern which would complete at 1.1418. Now...
After a strong rally today, EURGBP looks as though it is ready for a pullback. A bearish bat is complete at the same level of the completion of a bearish crab. Stops are placed above strong S/R with targets at the .382 and .618 retracement of CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Bearish crab pattern completion 3. 2.618BA...
EURAUD showed great strength today after hawkish comments from ECB president Mario Draghi sent it rallying through my previous PRZ. I am again bearish on this pair as there are two bat setups completing near an optimal Wolfe Wave sell zone. A new daily pivot sits below price to add to the bearish bias. Targets are placed at the new pivot and near the 1-4 WW...
GBPAUD is forming a potential confluence of 3 pattern completions in a tight PRZ. In addition to a precise alignment between the completion of a bearish bat and a bearish butterfly, an ideal alternate AB=CD reciprocal ratio completes in the area as well (.707/1.41). Targets placed at the .382 and .618 retracement of CD. Confluence in the PRZ: 1. Bearish bat...