There is a bullish bat pattern forming on EURJPY, H4 timeframe. Entry Point: 130.010 Stop Loss: 129.250 1st Target: 131.650 2nd Target: 132.700 I close half the position when and if, after entry, price moves up to the 1st target. At this time I also move the stop loss just above the entry point to ensure some profit. Good trading, Luke
Greetings fellow traders, today we are analyzing the CAD/JPY 4hr chart, looking at a potential Bullish Bat Pattern. The pattern is in the process of completing the C to D leg. There is a possible 1:2.5 risk to reward, with a max of 1:5. Since August, this pair has had a bullish trend, this would help support our position. The measurements for a bat pattern are...
Idea for tomorrow, a bullish bat pattern is about to complete, RSI reaching oversold level. R:R at 1.3 (TP1) and 2.2 (TP2). Overall trend for EURCHF is bullish, gonna go with the flow. Good luck.
With NFP giving the Euro a little more life against the dollar We can see a retracement to 1.1845 - 1.187 Previous Post is still valid Additionally we got a completion of a Bullish Bat Pattern If one does decided to take a Long Position based on this pattern I advise to take to 38.2 TP1 only Will be monitoring PA at 1.1845 - 1.187 for signs of a bearish...
Interesting opportunity on FX:EURUSD This pair has been so profitable for me so far BUT !TRADE WITH CAUTION! GAME PLAN #1: If the bull BAT pattern works out as per theory and price fails to break and close below 1.16650, we can start to consider going long with targets at 1.18587 and 1.2000. And of course if the Rocket-man saga worsens, then we simply trail...
Not a whopping trade but the pattern coincides beautifully with the downtrend and the D leg and take profit are within the support and resistance. Again not a huge trade but likely a trade I will take with 1% risk. Hope you guys like this pattern. If you are interested in learning how to trade effectively message me asap at mortonmarket@yahoo.com
A bullish bat pattern is about to complete. R:R at 1.3 (TP1) and 2.1 (TP2).
Short term trade, bat pattern completed with price closing in PRZ, RSI oversold and showing reversal. R:R at 1.3 (TP1) and 2.2 (TP2). Good luck.
Nothing to get excited about here. This is just a pattern I did earlier during my practice for smaller trades. I just want to prove the value of harmonic patterns in several scenarios. I am not taking this trade.
Potential Bullish Bat Pattern Forming Entry at D-Completion Target 1 at .382 Target 2 at .618 Stop Loss at 1.13
Already to D but on a 1 day chart this is a big trade. Details in the picture
UKOIL complete harmonic bat pattern @55.48 it's an opportunity to be long and get some money $$ The first target is the past high @56.13 the second target @56.61 it's meet 0.618 Fibonacci. We are in safe as long we above the trendline We don't expect to see extreme and fast move - Bollinger band said- but it will move
Looks like its gonna hit the "D" soon. Long Opportunity.
I've tried to keep this as clean as possible but, there's so much going on in this chart so please bear with me. Price action on EURUSD has come into a previously identified support level anticipated to be a rally point following the break down below the neckline of an H&S identified on the Daily Charts (not shown/addressed here). This support level was...
I have a bullish bat and butterfly pattern completed over here. I'm going with the bat pattern's TP and SL, SL is bigger, more buffer for my trade. R:R at 1.1 (TP1) and 2 (TP2). It's fine if you wish to go with the butterfly setup, but SL is much tighter (I did not plot TP and SL for the butterfly pattern). Notice RSI for H1 and H4 are oversold, using H1 chart to...