USDJPY Bearish Bat forming up on USDJPY H1 chart, this will be a counter-trend trade, hence, I would be looking for confirmation before engaging this trade. I will not be taking traditional targets for this and will be sharing those with my inner-circle.
Bearish Bat on a Bearish Trend landed on a Sell Zone. Trend Trading that is. The engaged timeframe was M15 profession trader may look for extended targets. Targets and Stop will be shared with inner-circle group. A clue, even on Target1 poses a great Reward:Risk
A Fib3 Bat form up, on a downtrend channel(D1), candle in the resistance zone and if the candle spike up touches D without close above the resistance(red line), the trade setup will be perfect. Waiting for the signal candle to short NZDJPY
Bearish Bat Pattern formed up. If the candle close as pin-bar as shown, when market open a new candle(D1 chart), I will short the market immediately. Alternatively, traders can head to your lower timeframe and wait for trading setup.
Bat Pattern Red line STOP LOSS, Green area is TP zone
Let's see if today this pattern be completed to enter in the market !! This Bearish Bat in a Downtrend makes this trade a nice one. RSI Overbought / Downtrend/Bearish Bat
A bearish Bat completed but price spiked a bit above the reversal zone. I have a pending sell order at 1.7425 with stop loss at 1.7455 (30 Pips) and targeting 1.7335 (60 Pips). I will delete this order if price rallies above 1.7465 before the short trigger.
FX:EURAUD ~ Bearish BAT pattern
Was staring this for days, initially was waiting for double top with RSI divergence, guess I'm good even with Falling Wedge with RSI Div. You have to know your plan and of which is the mode of engagement. Follow your plan
The CHF/JPY pair has made a bearish cypher and bearish bat pattern. Both the patterns are strong reversal patterns and the pair is currently in overbought zone. Hence we expect a make a pullback from the highs.
Shorted this trade, using SL base on Butterfly as the stop is still above the X leg of Bear Bat. Taking conventional target based on Butterfly but Target2 I'm watching closely for the completion of Bull Shark. This is what I call Pattern over Pattern
The EUR/AUD pair witnessed a steep bullish price action from the lows. The RSI indicator is currently in an overbought zone. The MACD histogram is also over-stretched. Adding to that, the pair has bearish bat formation. Hence we assume that the pair has made an over run and there is a good chance of throwback upto the support levels of 1.57270.
Bear Bat setup and Pt D completes at previous support, turns resistance. I would need to see additional supporting reason like double top or falling wedge or at lease a pin bar at Pt D completion. Reason being Pt C completion is a double top completion.
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I think this zone on the chart has a potential for continue long-term downtrend. also, the zone can occur nice bearish bat pattern.
The 30-min chart of CHF/JPY has formed a bearish bat pattern. The pair is currently in a steep upwards move and is likely to face resistance at 111.67 zone. We expect the bearish momentum to return to the market at that price zone.