Both charts are on a trend trading setup in their own rights. Bearish Bat Pattern still stands within the sell zone. Bullish Shark Pattern on a bullish shark on the final entry opportunity shall see how the setup unfold.
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.
Bearish Bat setup for a trend trading opportunity. Selling opportunity within the sell zone.
||EUR/GBP SELL h2 H&S||---Bat in Daily tf + 61.8% fibo + key level at 0.90000 + RSI divergence.
A buy zone form within a bullish trend trading opportunity. On a higher timeframe, daily chart(right) it does show a bearish bat setup as a counter-trend trade and also a buy zone as a perfect setup. What's your trade plan on this?
Bearish Bat setup qualified as a counter-trend setup. The reward:risk isn't the best for this setup, will this be the trade you will still be taking? Comment down below how you are going to engage this trade?
Potentialy Bearish Bat Harminics Pattern. I will wait to Short D. Better Risk Reward Ratio.
A sideways consolidation gave an aggressive trading opportunity, as the trendline sits firmly I will wait for a buying opportunity to engage the trade and I'll decide at 1700hr(+8GMT)
A sideways consolidation slowly creeps in into this chart. Just as you are going to say that Both support and resistance of the leg that broken it is well supported or we resisted.
A sideways consolidation slowly creeps in into this chart. Just as you are going to say that Both support and resistance of the leg that broken it is well supported or well resisted, it does pose a potential aggressive long opportunity. Should the market break upwards a bearish bat setup and should the market break downwards a bullish butterfly awaits.
You can see how nicely the 4-hourly chart(right) close within the sell zone although the 1-hourly chart(left) said otherwise. On the 1-hourly chart, the bat pattern forms at 0.9192 for a shorting opportunity should the market extend further.
Given a choice, I will not gunner for a head and shoulders bottom, a bearish bat with a bullish shark at the same time. It is what it is as all these 3 opportunities are valid. Let just look at the head and shoulders bottom setup, a great retracement that gives me the opportunity to engage the trade as a counter-trend setup. Whether to stretch the target to the...
Shorted this trade as a counter-trend trade but did an extension on the second target.
Bearish Bat Pattern Rules: AB can retrace between 38.2 – 50% of XA CD can retrace up to 88.6% of XA CD can retrace up to 1.618 – 2.618% extension of AB
Potential bearish bat forming. Extension levels are converging nicely for a tight range at 88.6 of XA. Price action observation at this level for a potential short.
Well, this is 1 of the most interesting setup having the 4-hourly trend setup entirely different from the daily chart and 1-hourly chart. So what is this about? Well, based on my experience, is more likely for the Top Chart(4-hourly chart) to trigger than the other. Hence, I'm waiting for a buying opportunity as a counter-trend trading move at 70.75 However, if...
Bottom Left shows that on the weekly chart, NZDUSD is having an emerging bearish bat pattern that I'm waiting for a shorting opportunity but of course that won't be ahead on the daily chart on the bottom left that too have a bearish bat setup. On the 4-hourly chart will be the most immediate opportunity, however, the market has to retrace by Tuesday, 9 July 2019...