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lukeboland lukeboland PRO USDJPY, 60, Short ,
USDJPY: USDJPY: Bearish Bat
37 0 4
USDJPY, 60 Short
USDJPY: Bearish Bat

Hi Traders, Hope you have had a good week of trading so far. Here is a bearish bat pattern setup on USDJPY, H1 timeframe. Entry: 100.800 Stop loss: 101.050 1st Target: 100.500 2nd Target: 100.300 Remember to leave a like if you found this idea useful. It's always appreciated. Luke

HamzaLeith HamzaLeith AUDNZD, W,
AUDNZD: AUDNZD is in correction mode bearish forecast for the long term
157 0 5
AUDNZD, W
AUDNZD is in correction mode bearish forecast for the long term

Idea is based on Elliott wave theory. According to my count, corrective wave nr 4 is on-going. Expect price to retrace into the 0.382 before wave nr 5 can initiate. Ratio confluence of waves nr 1 and 3 is used for the selection of the target. Good luck

WallStScalper WallStScalper PRO SPX500, 60, Long ,
SPX500: "No doubt" A Harmonic Pattern.... but...?
445 2 12
SPX500, 60 Long
"No doubt" A Harmonic Pattern.... but...?

No doubt The harmonic "force" is strong with this pattern having many confluence fib lines almost in a cluster around 2132 - 2139. It fits well with my more overall target for the SP making a top at 2138.04...so I'm of cause biased here..... no doubt. That said... I do not recognize this pattern from the rulebook of harmonics and I have not backtested it so it can ...

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