This is just a outlook for the EURJPY over the next couple of months. I'm more of a swing/day trader and focus mainly on the 5/15/60min charts. However, I do zoom out to the Daily everyday & the Weekly & Monthly once a week. It's good to see where the underlying trend is so you know which side you want to be more aggressive on at KEY levels. Right now, BIGGER...
Potential Bearish Bat for short @ 161.14
We got this Bearish Bat Pattern in the close of NY but the pattern ,the divergence in the rsi , the bearish spikes candles and the open of TOKIO ,makes me convinced to enter in this trade in my real acc.Enjoy and have a nice week.
Very obvious bracket setup, break either way should lead to short towards 1.8620 respectively long towards 1.90315
The completion of bearish bat at 17490 provides a short term support for now but is a valid short setup. Can not rule out the attack on 18000 but it is not likely. However, load small and add on the way :)
I do not expect a straight down drop, but more like step wise fall with pullbacks which will provide opportunity to load more shorts and compound position.
Potential bearish bat forming on GBPJPY 4H. Always conduct your own analysis before placing a trade.
PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570. Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!
Here we have another harmonic pattern shaping up, this time we are looking at EUR/CAD on a 1h chart with a potential bearish bat, this is looking very promising. 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 I'll be expecting a reversal between 1.48400 & 1.48700 which would...
On the EUR.CAD 1h chart we have a potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 1.4845 & 1.14873 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence: 88.60% - 1.414% and 1.618% Potential targets for the Bat Pattern...
I'm loving all of the Australian Dollar pairs at the moment, here we have AUD/NZD on a 1h chart with a completed bat pattern. 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 This links up perfectly with my long term prediction on the pair, this can be viewed below.
Missed a nice trade this morning in AUDCAD. missed my entry by 1 pip.
Retested the breakout, next lvl to watch is the double top @1.91, bearish bat completion @1.9180 and IHS target 1.9337
On the EUR.USD Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 1.13849 & 1.14746 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence: 88.60% - 1.414% including an AB=CD that completes at...
We've bought Swiss franc, Bearish bat - see the chart I posted last week below.
My pending orders are in place for this Bat. Waiting to see if price reaches D-completion. Always conduct your own analysis before placing a trade.
BEARISH BAT on the 4HR chart (pink) BEARISH BAT on the Dailychart (blue) if the bat on the 4hr chart doesn't workout and keeps climbing I will be looking for a reversal at the 91.57 mark for the daily chart.