Awaiting to short at these 3 levels. Many of times traders are thinking how would I know which level to short? Well this is some tips of how you can decide. 1. It depends on your Risk and Reward Ratio, if that's important to you. That is for me, if you ask.a 2. The qualifier or also known as the filters. What is required for you to qualify at those level, is it a...
GBPCAD seems to be warming up into bearish BAT. Note that this is on the weekly, and we're still looking out for the D formation on the BAT rules - see This means we're waiting to see if price goes up and form point D, then head back down for out pips. So will the blue BAT happen? The yellow fib shows what's formed now but to be a BAT it needs to be...
On the 4hr chart of the EurCad abearish bat has formed. We are expecting price to fall to the levels of 1.5544 (weak support). Look for bearish evidence and trade carefully. Use proper money management. Cheers
On the 4hour chart on GBPAUD a bearish bat has formed. D leg has completed forming and any extension further might invalidate this pattern. Look for bearish evidence and use proper money management as you take this trade. Cheers
I woke up this morning and saw red for the 1st time in a loooooong time... I have been taking some profits over the last few days as I really dont like it when price misses central pivots. Added to the mix in the Litecoin analysis is that price has formed up a really nice looking BAT pattern. In this case price has made a D very close to 88.6% fib level (price...
Hey guys, hereI'm looking at a potential bearish position on EUR/AUD. Price has entered into a zone of monthly support/resistance. Price may become volatile as we look towards the ECB and RBA both releasing their interest rates within the next 2 weeks. The Euro and Aud will both be currencies to watch- it'll be good to see how these to battle it out! I'll be...
We just got a nice Little bearish bat pattern, and hit both targets. Now we will get a 5-0 pattern. We will wait for a conform. Target will be 1: 83.149 2:83.834 Stop loss. Under D. Remember to get a candle stick, or another ression to go long.
Harmonic Bat Pattern found on FX:EURGBP 4H chart. Take a careful move when price approaches the PRZ. Best of luck.
I will update CADJPY and put them in numerical order until the weekly target achieved. Its a weekly plan. So again, a little goes a long way. Manage your risk properly. Good luck.
Follow me and check the related ideas below to learn more details on EURJPY.
Macro Bearish Bat with a recent Micro Bearish Bat. should correct... not too much though.
Happy Wednesday Traders - In today's video i wanted to share with you a potential pattern trade on the EURUSD as well as talk about the importance of using multi-timeframe analysis in your trading routine.
SO the BAT from previous video (see below) seems to be working which is nice to see. In the video I also mention a smaller Bearish Bat that looks to be setting up and how that might impact price this week. I also mention that if price does turn at 78.6 that could be the B point of a Butterfly before price moves down to C which I will then look to trade up to...
Short-term trade, a bearish bat pattern has completed. Traders may choose to short at the next 4-hour candle or wait for the price to retest PRZ then short. R:R at 1 (TP1) and 1/9 (TP2). Good luck.