Price Resistance @ 7200$ - Breakout up to 9400$
What's up traders, hope everyone had a good week! Following my last set up on this pair (see below) I am now looking at a potential short position using the bat formation, using the resistance from the failed high of the previous shark pattern. It is not often that we take a contradicting position after a successful trade, but in this instance the structure of...
On the EUR/AUD we might see a bearish BAT pattern. The blue line is a daily support/resistance line. Risk/Reward ratio is 1.85 for T1 and 3 for T2 see chart for more detail.
The completion is for next week. BAMM theory validates if H1 candle closes above the green line. Target 0,786 XA would be safer as it's a strong structure level.
First of all i just want to say that these are just possibilities. The main support line which comes from 18xx is my hero. If the price goes down to that line and succed to bounce again with some volume and money income we may pass the neckline and double bottom would be confirmed (thats the begining of uptrend for me). If thats happen then we may see a...
Hello, here we will wait and see on the D point will reach. The D point will complete on 1328.68 Targets 1: 1322.29 Target 2: 1318.36 Stop loss: 1334.88 1:1 trade. Let' wait for the D leg, and see where we go. Market just need to get a Little more push up, and we will go Down .
What's up everyone, today we have a shorting opportunity on NZD/USD with a bearish bat pattern on the 1h chart. Excellent opportunity with over 1:2 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 The ratio alignment for this setup is spot on, almost...
A bearish bat pattern has formed and has already been completed at the D point. Looking for a retest of the area around D to go short.
On previous post that i published, price is still making pullback of X wave. Price seems to be in up channel and looks like an Ending Diagonal. (3-3-3-3-3 wave structure). Target is still 104 for another leg lower.
From the looks of it, all across Yen pairs are making pullback. Still going to see one more leg lower and here i identified one bearish bat harmonic pattern for NZD/JPY. Technical Strategy: Sell Limit : 78.90. Stop Loss: 79.35. Target: 73.750.
Short-term trade, a bearish bat pattern has completed on 30-minute timeframe. Can choose to short now or wait for price to return to PRZ before deciding. R:R at 1.2 (TP1) and 2 (TP2). Good luck.
A potential bearish bat pattern might complete after tonight's NFP results. RSI about to reach overbought level. R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.
Price reached D leg of Bearish Bat and if M30 chart current candle closes as bearish "engulfing" I will long this pair with 1:1.55 Risk/Reward ratio
Greetings friends . I'm excepting the market to reach level of 106.312 . Make sure you catch it . Hope y'll find this useful . G'day Friend
Starting off the week with some technical analysis. This time on the GBPUSD 4hr. It seems a bearish bat is forming. Definitely one I will be keeping my eye on over the coming days. The market appears to be down trending. The only fault I can see as of right now which might affect the trade is the trend line I have drew in, it has multiple points of contact and...
Hey guys, tonight is NFP. A potential bullish bat pattern is spotted, PRZ at a good support level. Good to short to PRZ if Manufacturing Production news is worse than the previous result. R:R at 1.2 (TP1) and 2.1 (TP2). Good luck.