On the 1hr EURUSD the C leg of the bullish bat has formed, We expect price to drop to the 1.1628 zone where we will have our long positions set. Wait for price to get here and look for bullish evidence before buying. Cheers mates
#REQ has been consolidating nicely for quite some time and is due for a pump. Indicators are ripe: Stoch crossing over and forming a double bottom, indicating an uptrend is to come. MACD flat waiting to crossover, will happen once we attempt to break red downtrend line. RSI bottomed out close to 20. Most importantly, bullish XABCD bat pattern is confirmed. Targets...
After this Bats, could happen that price touch 0.00186 btc for then drop to 0.0017 btc.
This is just an idea...dont use it as a trading advice
GoodTrade
-CJ
Monaco has just taken out a missed weekly central pivot from a few weeks back. Its heading down to S2 weekly and there are multiple missed central pivots above (2 weekly & this months monthly). Add in a BAT pattern which looks to be setting up with an insane 13:1 R:R and Im am looking seriously at this.
To be clear I'm looking to trade the CD leg of the BAT.
What a drop guys. The drop has created a potential bullish bat pattern with RSI just touching the oversold level.
PRZ is at a good support level.
Only looking at TP1 with R:R of about 1.6, GBP news in about an hour's time.
Trade with caution and good luck.
Monero has completed a bullish BAT at 88.6 which also happens to be weekly S2. In this case I am using the smaller BAT to trade the CD leg of two Gartley patterns (one smaller one larger).
R:R on the smaller Gartley (trading the C D leg) is around 8:1 and for the bigger Gartley (trading the C D Leg) is almost 14:1
Lets see how things play out.
A nice bullish bat pattern has completed with RSI rebounding from the oversold level.
You may choose to long now or wait for some retracement and enter on lower timeframes.
R:R at about 1.1 (TP1) and 2 (TP2). Good luck.
Well what do we got here?
Our bounce strategy hit SL so...
GBPNZD Bullish BAT ?
Point B retraced XA past .5 level but not beyond 0.618 CHECK
Point C retraced AB past 0.618 but not beyond 0.886 or A CHECK
(If) price retraces XA and touches 0.886 to form Point D (also 1.618 extension of AB)
Then we're LONGing
600 SL
TP 1 ~ NZD 1.95721
TP 2 ~ NZD...
We're looking for a huge push tonight when the eco data is released, if as expected JPY should weaken massively at 1:50GMT while the USD is pushing for the bullish momentum once more. This should be enough to break the 110.370 resistance area.
