Pair has formed bearish bat pattern completing at 1.94475. RSI above the 70 confirming sell signal. ATR stops above Bat's starting point X.
Plan your trade, Trade your plan and Good luck in the markets!!
Pair has formed bearish bat pattern completing at 1.94475. RSI above the 70 confirming sell signal. ATR stops above Bat's starting point X.
Plan your trade, Trade your plan and Good luck in the markets!!
Short Term Bearish will hit my orange zone, long term after it reaches the bottom orange zone will reach the top orange zone. After the completion of the bearish bat, we will see major bearish momentum on the pound.
Found this Bat completing at my Sell Zone and also previous Resistance Line.
Usually I am the "Set & Forget" type of trader, however for this trade I am taking a more conservative approach due:
1) I am looking to short, which is against the uptrend it is having now after the flash crash.
2) Many traders will be looking to sell here since it is a resistance...
Litecoin has now confirmed the potential reversal zone for the bearish bat on the daily timeframe, I've been monitoring the progress of this setup for several weeks and watched the C to D leg materialise. This opportunity is purely based on technical measurements and the reasoning for a market correction is perfectly logical.
Let's quickly review the previous...
A Bat Pattern forms upon a sideways market on AUDCAD, I'm looking for a selling opportunity and potentially an extended target.
Exact Entry, Stops and Targets sent to my subscribers
Following the break of the descending channel (see pic. below)
Pair is now setting up for a bearish pullback trade. Bearish bat that pair is potentially forming now, is completing at even handle number 1.5200, which serves as resistance itself. Also completion of the bat would form double top and therefore if bat pattern's gonna work out then I will be looking...
Sometimes, you will be able to find two or more Harmonics Patterns pointing about the same D completion point, if you know their parameters and where to look. I have specific rules to qualify these patterns.
Looking for a shorting opportunity at price level 0.7243 and place stop loss beyond point X.
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Following the break of the descending channel(see pic. below)
Pair is now setting up for a bearish pullback trade. Bearish bat that pair is potentially forming now, is completing at even handle number 1.5200, which serves as resistance itself. Also completion of the bat would form double top and therefore if bat pattern's gonna work out then I will be looking to...
A Bat Pattern emerge on 15mins chart as a counter-trend setup. To my surprise, this trade has a very healthy reward:risk and hopefully, the ATR won't spike to keep this trade valid.
Exact Trade Plan sent to my subscribers.
