USDCHF 4hr Chart formed a bearish bat pattern Short selling Intraday ( #1tg ) All details on the chart Good Luck!!
its a good setup for bearish bat pattern and overbought stochastic in 1h chart. also in 4H chart 200 SMA is down trend. all things are good for a short position. but be careful about today USD news. ( ISM Manufacturing PMI )
Daily Chart(Right) having a bearish bat as a trend trading setup and counter-trend bullish bat setup. On the 4-hourly chart(left) a bearish shark setup zone within the double sell zone.
The AUD/JPY pair has formed a bearish bat formation. It is currently facing resistance at 75.500. Hence we expect the pair to move towards the support level of 74.779.
Bearish Bat setup on a counter-trend situation, I will be taking the counter-trend trading approach. Have you spotted this and if this is something for you?
There is a bearish bat pattern on the TRX/BTC when looking at the 4h TF. However looking at the RSI and MACD which look bullish, the long term trend could switch to an uptrend thus only a minor retrace could be expected. Looking at the PRZ and the resistance, a buy-in around the 480 resistance looks good for a TP1 at 450 and a TP2 at 415.
Finally a trend continuation setup for this pair. I'm looking for a continuous shorting opportunity for this, let's see how this trade works out. I have already engaged the Trade. What's your thoughts on this trade setup? Plan your trade and trade your plan. Follow your trading rules.
We are currently trading the 4th leg of possible bat that is forming on the 1 hr chart for GOLD. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to break below the yellow trend line confirming the prediction. OANDA:XAUUSD
On the daily chart, GBPJPY is on a bearish trend, a better entry opportunity as a trend trader lies on the 4-hourly chart(right) waiting for the bearish-bat to form up for a shorting opportunity. For the counter-trend trader, the 1-hourly chart presents a long opportunity. Best of both world.
Bearish Bear setup for a trend trading, do note on head and shoulders possibility show up within a day. This bearish bear setup shows that having to know all condition for a valid pattern, is important.
In the begin of this week, the consensus of technical analyst was clearly the following one : Bitcoin is going to sink again ! Not considering if Bitcoin is a good asset to invest in the long term or not, the doji formed on a weekly chart by end of May was a clear bearish sign and many analysts were surprised when the falling wedge has been broken on June, 10th...
What will you do when you spotted a retracement before your Harmonic Pattern trigger? Wait for the trade to form up or disregard the trade?
Waiting for a shorting opportunity on this emerging bearish bat pattern. I'm also looking for a potential buying opportunity when the market hit the ideal setup for the trade. What're your thoughts on this? Comment down below. Do also share do you trade a single strategy and screen it through all the setup or you have a fixed set of currency pairs.
Waited for the bullish shark to hit the entry for trade entry opportunity as I've missed 3 opportunities to engage the deep crab pattern. This Shark Pattern gives another opportunity to engage the trade. This trade might not be happening but look what we got here a bearish bat pattern. Can't wait to see how this trade rolls out
Have you seen how the bearish bat has formed up? Target1 with +25pips profit and Target2 exiting with +160pips profit in just 2 Trading Days. Target2 is an extension of targets, all if not most Harmonic Pattern Traders would have already existed long before it hit even 100pips for this trade. After an extended short trade I took, I'm waiting for a buying...
Bearish Bat Pattern setup as another trend trading opportunity, I've missed it so I will be waiting for a retest of D to engage this trade setup.
Saw the spikes, on the lower timeframe, 15-mins chart there was a bearish bat who spike upwards, notice how the RSI divergence shows a possibility of a bearish move. Well RSI is not everything nor the holy-grail. The spike had hit the 1st target if it was engaged. For those who had not engage, don't worry and don't chase, I will wait for confirmation on this bat...
So before I enter a trade I like to have multiple indicators pointing to the same thing which is why you see a butterfly in dark blue and a Bat in light blue both with converging PRZ's. I usually only trade 2 targets on daily Harmonic Patterns with a very common result of only T1 being hit. I prefer to keep my stops short since I can always reenter the trade when...