Another potential bat pattern currently in formation here on the XAUUSD hourly chart. If we see price action coming back down into the low 1270s area, then I'll be waiting to buy it up! :) Could see some choppy movement though over the next days/weeks as news on Trump & NK & the Fed etc.. evolves. Lets see where it takes us!
Following the break below 1.25100 and the invalidation of the Cypher pattern we had lined up, we now have a bullish Bat pattern completing down at 1.24600 on USDCAD. As this is technically a counter-trend trade we will be looking to take conventional targets at the 38.2 and 61.8 Fib levels should an opportunity to go long present itself. All the best, Mase.
A bat pattern might be completing soon. PRZ area : 0.98876 to 0.98933 R:R at 1.3 (TP1) and 2.2 (TP2). I will update if pattern completes.
After my previous bearish bat pattern idea hit TP2, a bullish bat pattern seems to be emerging. I will update when pattern completes.
We are potentially tracing out a bullish bat formation here on the NZDUSD hourly chart. There is a veeery deep C leg though so make sure you check your data on your specific trading platform . For me, this pattern is still valid but could be a different story entirely on other brokers/platforms.
Bat pattern has just completed with RSI at oversold level. Do not buy now, wait for current hour candle to complete and see if RSI shows any sign of reversal back to 30. Alternatively, use 30 minute chart for good entry. R:R at 1.1 (TP1) and 1.8 (TP2).
A bat pattern seems to be completing soon, RSI is about to reach oversold level as well. R:R at 1.3 (TP1) and 2.3 (TP2). Patterns spotted on daily charts have much wider TPs and SL, do adjust lot size according to your risk appetite. I will update if pattern completes.
I´ve spotted an potential BAT on the 4H TF. USDJPY Plan your trade and trade your Plan.
A possible bat pattern seems to be forming with RSI declining as well. R:R at 1.08 (TP1) and 1.8 (TP2). I will update if pattern completes.
Hey guys, here you can see the hourly chart on USDJPY. I'm here because the yellox box represents a structure level on the daily, and i know it could be a place of rebounce. Therefore i'm allowed to seek for trading opportunities on lower timeframes such ad 4h and 1h: on the hourly i then found a bat pattern near to completion. Nice structure trading opportunity....
Potential bullish Bat formation here on XAUUSD - H1 chart. We'd need to move quite some way (about $30) in order to hit the D completion so not something I'm expecting to trigger anytime this week if we make it down there at all, but in case we do, I'll be waiting! :)
Buy on completion of bat pattern D leg at 140.76. First target 0.618 AD retracement at 145.08. A break of A (or D of the triangle), would give a target further target from the triangle pattern of 157.62.
Looking at Illinois Tool Works which has come under some selling pressure as of late. I actually went long at 141.50 thinking i had seen a bottom formed. Started charting the recent fall and noticed this pattern. If one was to trade this pattern the entry would be at point D. The first target would be at point B and second target at C. R/R has been calculated and...
after a long trade on bearish bat, now awaiting completion of Bullish bat, trade with care
Hi, We have nice long setup on hourly chart of EURJPY. Trade levels highlighted on chart. Trade with care Gulz
Buy on completion of bat pattern D leg at 87.66.
Well, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network. Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish 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...
Today we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish 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 I understand the BAMM theory will be relatively new to most traders, I've posted a few charts...