Bearish bat I've had my eye on is near completion on FX:GBPJPY . ENTRY: 162.902 TARGET: 159.792 STOPS: 164.836
Its Time to Go For Some Good Pips ,this trade have an excellent risk reward ratio,the trend in w chart is bearish ,now in Daily its look like a symetrical triangle .
Copper on H4 is in process of completing Bearish Bat Pattern. Please refer Chart for the Entry/TP/SL I have included only 1 Target. However if you are interested for 2nd target then draw Fib retracement for AD Leg and take 61.8% as 2nd Target.
Hello my Friends! Errol here..... We have a very nice Bat pattern setting up here and in the comments below I will share a LInk for you of a Youtube video that I did regarding this pattern and some other things. Best Regards, Errol Muller
Here's the potential Bear Bat..... not sure why the other one was drawn out wrong..... entry @ 127.47
Bearish Bat Pattern with entry @ 127.47 Good Luck
Reasons to go short - Longer term trend is bearish Returning to a strong SR Level (blue lines) The last time is was at this level there was strong sell off and this is the first time returning to it (yellow boxes) Completion of bearish bat pattern Good risk to reward
Lovely fresh Supply Zone up at the 88.6% retracement / Bat completion zone.
Potential bearish bat pattern is forming, sell only when price reaches D and RSI indicates overbought (65-70). Good luck! note: pattern invalidates when price break below 0.9075
Bearish Bat on 1HR EURCAD . I believe we are about to break structure to the left and continue up for D leg completion and then return to the downtrend to perhaps retest structure for the beginning on a move upwards.
On daily charts, we see an overwhelmingly bearish trend. This lends oneself to seek ways to get involved in the down move. A short sell is possible at market right now come Monday morning. A bearish bat pattern completed recently just below a daily structure level. Putting the pieces together, we see a minor structure level near where the X leg formed. Both that...
Confluences - ABCD D2 completion at 1.4000 area (61.8% extension of AB) - Previous structure - Key resistance - RSI soon to be overbought - RSI double top
Following on from the Daily analysis I posted, this is the Weekly outlook. We of course don't know what's going to happen, but it's always advisable to stay ahead of the market and prepare for as many eventualities as possible. Option A The red box is the PRZ on the Daily TF. This falls short of the overall down trendline, but sits nicely in a strong Supply...
Possibility of a bearish bat pattern completion on this pair. Reasons to short - Completion of bearish bat pattern Coming into an area which previously saw a big sell off, and is now returning to this area for this first time (yellow box) Pair in a longer term bearish trend Positive risk to reward