Look for a break below that short-term trend line to form a bat pattern at the 0.886 retracement of the first leg.
Enter at 1230.78.
Stop loss is based on that piece of structure before the start of the pattern and is 1217.03.
Profit targets are 1249.61 and 1261.07 based on Fibonacci levels.
I think this will be further consolidation before a lengthy move down.
Hello!
Bat pattern is almost finished and ready to rally up. We have a very nice reversal zone with the confluence of diagonal support (red trendline) and 0.618 fibs confluence. Stops should go below the X and our targets will be 124.22 and 124.4.
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Her eon the USDJPY is a potential bullish Bat Formation completing at 112.42. i'm...
We see that out on the daily, the trend is overwhelmingly bullish. Using this higher time frame, I'm looking for a pullback into previous structure to get long and looking for a retest of the highs. I wish I could show the situation on the daily, but you get the idea.
On the hourly trading time frame, I see a bullish bat pattern nearing completion, in addition...
8th Post. FX:GBPJPY
Any comments and suggestions are welcome.
Let me know if you guys agree or disagree.
Potential Bullish Bat Pattern forming on 15m charts.
Hello Trading View,
Here on GBPUSD we see bearish momentum, which stalled and bounced off an important key level off the Monthly TF.
The rejection of the key monthly support tell me that a trend change is in order.
We have the completion of the Bullish Bat 5-Point pattern, the terminal price bar has tested the majority of the PRZ and sharply pulled away, which is...
Hello,
Errol here....
Here we have a bullish Bat pattern and in the comments below I will share with you a link of a Video that I just did showing you how to trade the Bat pattern
