A 4-hourly chart shows a potential bear bat setup, at 12.30pm(+8GMT) there will be an Australia Bank Interest and I do see a potential of rates cut. Coincidence? I, already have my trade plan, have you?
Go short, place stoploss above point D and target zones are in the chart.
Bearish Bat within sell zone, for this trade I'm going to just place my pending order in to engage the trade. It is considered as a trend trading opportunity.
price complete Bearish Bat pattern for sell setup. targeting 38.2 and 61.8 level.
This bullish candle might have spoil it all, having the market approach point D with such bullish candle, I'm not comfortable to set sell limit on this trade, a futher confirmation is required.
Bearish Bat setup within sell zone. It's a trend trading opportunity for this setup and RSI has hit overbought. Quite a lot of my portfolio has triggered or potential setup, does such bothers you and affect your trade plan? Not for me. Your Game, Your Rules
Too many reasons to sell NZDCAD. Break retest strategy and all other reasons can be seen on the chart. There is also a negative divergence on 1d RSI. Good luck all.
This 2 trade got caught by the market. AUDUSD got back to the entry price, but still within the sell zone and with RSI Div. I will still hold onto this trade till it either hit targets or my stop. NZDUSD, on the other hand is much more tricky. No doubt that is an RSI Divergence as well but the candle break and close above the sell zone forming new high. I will...
Bearish Bat VS Bullish Shark with such setup 1 cannot live in the presence of another as the other pattern will be invalid once 1 has formed up. A likelihood and more comfortable setup will hence be the bearish bat setup as it is within the sell zone. What is your trade plan?
Typically not the best setup, conservative traders may want to wait for candle confirmation before engaging the trade. However, this trade is set up at the tip of the sell zone and event the 1st target produced a 2:1 Reward: Risk. The choice is in your hand, your plan, you decide.
Bearish Bat setup within the sell zone, however RSI not overbought. You may want to wait for further confirmation.
Hi, In the next days I am expecting RVNBTC to continue its move towards the final wing of its wonderful Bat formation. If that is the case there will be a half-way target which is at around 810ish, the high of the last wave to the upside. It is worth to mention that the final target of the Bat at 161% of the first wave up, is at the same time the Dynamic...
EURUSD Bearish gartley 4h pattern spotted on weekly downtrend confluence and multiple key levels
inh4 nzdusd has completed a bat and now we are in prz, in h1 chart we also see a double top with a stop hunt (so price had pushed a bit higher on second high and it is a market manipualation because "strong hands" had began to short...in h1 we see also a momentum divergence a clear bear signal....price need to test the support at 0.6560 and the 100 sma as you can...
A bearish bat emerges out of this bull run, will you set a pending order or wait for further confirmation?
Shorting opportunity on Gold, at this moment the bullish candle is strong, I will watch closely on the development of this trade and will look for short.
Remember this? We have shared this last Friday. After much consideration, I do see this is tradable setup, not the usual pair I will trade but with information gather, I have already placed the pending order. The only thing is to wait for the market to retest the suppose entry price.
We are predicting the bearish Bat Pattern to complete as shown on the daily chart. Price action is showing a downward trend giving the pattern confirmation. We still have an open short position which we will close at the completion of the predicted pattern. FX:USDCHF