Counter-trend traders, this is another trading opportunity, a Bearish Bat Pattern completes on the daily chart. It will be a busy Monday for traders. Share this with your friends, so they won't sleep through Monday and missing lots of trading opportunity. What I love about this setup, there are RSI Divergence on the lower timeframe.
After weeks of waiting, the Bearish Bat Pattern on the USDJPY has finally been completed. Counter-trend traders, this could be your chance to engage. However, there are 2 warning signs I must point out. The completion of Point D exceeded the little red box known as the PRZ. A more conservative way is to wait for the 3-bar reversal to happen. Lastly,...
EURJPY has a Bearish Bat setup. If you are waiting for a buying opportunity, you might just have the opportunity to long at around 136.87. This is possible because it is a legit support level. If you are waiting for a shorting opportunity, 137.56 is an excellent level to consider to engage the trade based on a Type2 Bearish Bat Pattern setup.
If you read my last week's analysis, you should know that there is a potential Bearish Bat Pattern on the daily chart(the link is within the tradingview article). If you are looking for a counter-trend trading opportunity, the Bat Pattern might not be the best setup, and that's because I don't like what I'm seeing(consolidation before the Point D...
Trend Traders, there are many opportunities for you to hop into the trade. I will be sharing 2 of the most obvious setup, the Bearish Bat Pattern that completes at 1.0155 and the Channel within the potential Bearish Flag formation. It is important to wait for candlestick confirmation before engaging in the trade.
A trend trading opportunity for trend traders, a Bearish Bat Pattern present itself. When we see V-bottom setup, it is important to wait for candlestick pattern confirmation. A conservative setup like 3-bar reversal will be good for most traders.
It is a joke to read that; "The US Dollar dipped on CPI data"; or "The US Dollar dipped on inflation". If you have been following us, you should know that the Buy Zone(Blue Box) has been there for a long time. Yes, the dollar is still bullish; some may argue that it is due to Yen's weakness, but you can check other Dollar pairs and compare on its daily...
CHAINLINK has been trading within this range for the last few months and recently has put in a Partial Decline; However it has formed a Bearish Bat on the Way up and may look to make a 50%-78.6% Retrace before continuing back up again to Bullishly Breakout. So i would say the short entry is here and the profit target is between the 50 and 61.8 Retrace. Before...
We could see ETH make it's way back down to around $1,500 from here especially depending on how the market reacts to the PPI data later this morning.
Finally, the EURUSD retest its entry area before hitting its projected target. This Bearish Bat Pattern setup give trend traders an opportunity to engage the trade. What I love about this setup is that it has an RSI Divergence within the setup.
With no mistake, USDJPY is on a Bullish Trend, but that doesn't mean we can't look for a counter-trend trading opportunity. We have a Bearish Crab Pattern completing at 135.58 on the 1hourly chart. On the 4-hourly chart, there is a potential Bearish Bat Pattern that has the potential of completing at 136.59. Knowing that this is a counter-trend setup, a...
Bearish Bat pattern is about to formed as point C didn't break last lower low and now its bullish towards the point D on currency pair EURAUD.
based on weekly bearish bat pattern , 113to 114 is max. after years the dxy will come down .then btc will explode
Nifty near to prz of bearish bat and also hitting parallel upper channel. Looks like its forming a shark on htf... Once target achieved we can expect up side rally till shark. Target on chart.
CADJPY has a potential Bearish Bat Pattern that completes at 106.77. A candlestick pattern confirmation is important, and that's because there's a Potential Bearish Butterfly Pattern on the Daily Chart. There's no need to be over concern about that; as long as you are following the trading rules, it will be fine.
GBPUSD is on a very bearish trend. Trend traders who are looking to ride on the wave can wait for a candlestick pattern confirmation at 1.1943 to head in with the Bearish Bat Pattern setup.
We have a cup and handle forming on the BTC chart. The 1.618 of the bullflag forming right now is 27350, at which point reversal will most likely happen, making 15600 the target thereafter.
Unlikely we will have any trading opportunity when market open on Monday, at least not with my tested trading opportunity. If you are patient, there is a Bearish Bat Pattern setup on the Daily Chart that is going to complete at 1.1090.