AUDUSD is nearing the PRZ of a cluster of bullish patterns. A large bullish bat contains a bullish butterfly in its D leg. In the PRZ of these two patterns, a bullish Wolfe wave setup has been completed. A D1 trendline sits at the base of the PRZ and may act as support when price reaches this area. To add to the bullish bias, two unhit pivots sit above price....
Nov 5 2015: Bullish BAT pattern at market (Analysis Based on 1 hour chart) Observations 1. Price in short term up channel; Now broken 2. Price has been consolidating for the past few hours 3. Bullish BAT pattern at market NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Hey traders we just had the inflation & interest rate news come out for the GBP pairs and the reaction is sending price action down to a potential advanced pattern completing at 1.5269's. i like to give 15 minutes for news to play itself out and afterwards I'm allowed to continue my trading Also as a reminder tomorrow is also a big news day as we have the month...
EURUSD has completed a bullish bat pattern inside of the PRZ of a larger TF bullish Garltey. Moving into the bat PRZ, RSI and MACD have printed bullish divergence. To add to the bullish bias, an unhit pivot cluster sits above price and coincides with .382 retracement of the Gartley CD leg. Targets are placed at .382 and .618 retracements of CD. SL is placed...
Possible bullish bat harmonic pattern on AUDUSD. If AUDUSD also touches the rising channel to form the third point, that would be an added confirmation to the technical setup. Long AUDUSD 0.6980-90 SL 0.6900 TP 0.7300 ===== www.ForexPositive.com Twitter @ForexPositive ====
Happy Friday traders! Just wanted to share a few potential advanced patterns to keep an eye on heading into next trading week. I no longer have this pair in my portfolio, so I won't be able to participate but it's still one of my favorite pairs to do analysis on since it's been offering a massive amount of opportunities this trading year. Akil Stokes Chief...
One if not both of these patterns should play out! 200+ pips combined...good luck!!! KEEP THE RADARS UP!!!
EURJPY has entered the PRZ of a bullish bat that is confluent with various other S/R elements. On the D1 time frame, a pitchfork aligns with with the .50 retracement of a larger XA leg. This area is confluent with the 1.786 projection of BC and and the completion of an alternate AB=CD pattern. There's a secondary structure low below this level to add support. ...
CADJPY has completed several patterns in an area confluent with a bullish Wolfe Wave buy zone. There's also a strong trendline to support price in alternate bat PRZ. Confluence in the PRZ: 1. 3 Bullish Crab Patterns 2. Alternate Bullish Bat Pattern 3. Long Wolfe Wave Buy Entry 4. Strong Trendline Support Thanks for viewing and don't forget to hit the...
we have a very nice Bat pattern on FX:GBPJPY which is almost completed. Stops must go below the structure level 184.22, look left and check it. And our targets are 38.2 and 61.8 fib levels with the confluences of very nice key levels. Be aware that price has a high momentum, let it calm down and then go long. Besides we have a very nice confluence of weekly S1...
OPK has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in biopharmaceutical innovation as its backbone. PRZ Confluence:...
Since its peak in 2011, $XAGUSD (Silver) is on a clear downtrend that only accelerated since the second half of 2012 (only minor pullbacks as sellers became more aggressive). On November 2014, just as QE ended, Silver touched the PRZ of a weekly bullish Bat pattern (notice that B point didn't reach 61.8 to make it a Gartley). Despite the light pullback that...
Following up on yesterday’s EURUSD analysis, the market reached my killzone and we saw a slight bullish bounce as previous resistance turned into support. We have now made our way back down into that zone, but this time the ebbs and flows of price action have set up a potential advanced pattern in the form of a bullish bat. If you’re a Syndicate member, check...
Looking for bat pattern to complete at 1.0986 Has deep D leg for nice risk reward.
A potential long opportunity has presented itself in EURGBP after a Bullish Bat pattern has been completed. Bullish Knoxville divergence has also been printed at the completion point, providing another indication of a potential move upward. Targets and details on chart. Knoxville Divergence: The presence of significant Momentum (20) divergence while RSI (21)...
HELLO, IF WE SEE A D LEG COMPLETION OF AT A 0.88% THEN THE BAT PATTERN WILL BE COMPLETED STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618%
Hi All, Here we have a bullish Bat pattern that has been completed. RSI at extreme oversold conditions and we have bullish Divergence Stops below X leg TGT1 0.382% TGT2 0.618%
If the 88.6% fib level holds, the bullish bat pattern will remain valid and I will target the 61.8% retracement of CD leg. If the stop loss is hit, the next level I will be looking for is 113% for an alternate bat formation.