Based on the daily chart, the market has presented a counter-trend trading opportunity, however as of the 1-hourly chart is a trend trading opportunity. Having the same entry price which pattern will you take and why? Comment down below
EURUSD 4h Chart Formed a Bullish BAT pattern Pending Buy Order All details on the chart good luck
Bullish Bat forms within the preferred buy zone. Trade has engaged. As marketing is trending upwards, develop your plan in engaging it.
We have a nice bullish bat forming on the GBP/USD pair, Intermediate Timeframe is 1H, Major is 4H and Minor is 15M. I expect this pattern to complete by the end of this week (01/07/2019) The following are the things I like to see confirmed before taking a trade: XA Retracement Is: 0.886 BC Projection is: 2.618 Alternate AB=CD is: 1.618. Stop loss level is...
A Bearish Butterfly set in on the 4-hourly chart(right) but by having that it will break the prefered sell zone. For my plans for selling opportunity will be the classic reversal setup I'm waiting for MC+confirmation within the sell zone. On the 1-hourly chart seems like a bull flag is likely to form, I will wait for a retest into the buy zone for a buying...
Daily Chart(Right) having a bearish bat as a trend trading setup and counter-trend bullish bat setup. On the 4-hourly chart(left) a bearish shark setup zone within the double sell zone.
A counter-trend trading opportunity on this setup. I've already engaged the trade and took only 1 single target. Reason being it's a nice long shadow at point D completion but after adding on to the target it wasn't the best trade in terms of RRR.
Grin has just formed a bullish bat pattern (almost perfect in shape and proportions). As theory says, this is a signal of change in direction and Fib levels of CD could be used as resistance/support level. (Same grin/btc bat pattern could be seen throughout all major exchanges)
GBPUSD formed a bullish bat pattern and also a double bottom good to long now SL : 1.25550 TP : Follow arrow
Breakout \ downtrend Bullish bat Bullish libra Entry, stop and Tp can be seen at the chart. Good luck.
Hello everyone, I have considered wave count in many ways, but finally found a perfect way to analyse the wave count. There are many reasons for buy at near about 7000 (If market goes to this level)- 1. Trend line support. 2. Previous 6800 support. 3. 38.2 fib retracement level at exact near 6800. 4. Bullish Alt bat or bat pattern formation. 5. And finally and...
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NZDUSD formed a bullish bat pattern and pulled back to 618 level good to long now SL : 0.6472 TP : Follow arrow
Potential Bullish Bat / Max Gartley on the Daily Chart Area of the entry: Fib 78.6 - Fib 88.6 120.600 - 119.650 On the H4 Chart: Bullish Black Swan 120.900 - 120.600 What can be done: 1. Wait for a reversal divergence or candle pattern 2. Wait for the price reach 88.6% 3. Buy and forget with stop below X. I will update for the members.
A bat pattern has shown up but is not the setup that I will trade as Point C touches Point A. What's your view on this?
This trade is kinda unique as is a pattern over pattern. For me, I spotted the shark pattern(grey) before the bat pattern(pink) therefore I will trade as per shark pattern. It is a counter-trend setup and with such a recent strong bearish candle, engaging such trade needs to take additional precaution and additional confirmation may require.