Bullish bat pattern seems to be forming on H1 chart
PRZ at good support level
Awaiting RSI to hit oversold level
R:R at 1.1 (TP1) and 2.3 (TP2)
I will update when pattern completes.
Completed shark pattern on H1 chart
Price had dropped but gone back into PRZ, giving the pattern another opportunity
RSI seem to be showing a bullish divergence
Good R:R is 1.8 (TP1) and 3.4 (TP2)
Traders may choose to enter a long position now using market execution.
The USDJPY completed a Bat earlier this week. Now it has come back to the PRZ for a type 2 trade
Trade execution
Looking to go long depending on the reaction to the Bat PRZ
We are now at the zone
Stops should go below the 110 levels.
Note : when the type 2 trade works out, the move can easily be further than the Type 1 trades
At this point of writing, GBPCAD seems to be at a support turned resistance level at around 1.6785. There could be an opportunity to short now, but the stops will have to be above PtX
Pattern Identification
Based on Harmonic pattern trading, the PRZ shows a higher level at 1.6540/55 levels.
This could be another test higher as the RSI is not at the ideal...
Awaiting bat pattern completion for GBPAUD
RSI is about to reach overbought level
R:R at 2.3 (TP1) and 3.8 (TP2)
Might find entry point based on H1 chart and candle type
I will update when pattern completes.
Hi guys,
today i want to share with you a simple harmonic pattern that's about to complete on GBPNZD. I'm really interested in this formation for it's completing right at a structure level that i've drawn on the daily chart and so we have an additional confirmation.
Stops above X, targets as usual for harmonic patterns.
If you want to share your thoughts or...
Hi guys,
today i want to share with you a simple harmonic pattern that's about to complete on GBPNZD. I'm really interested in this formation for it's completing right at a structure level that i've drawn on the daily chart and so we have an additional confirmation.
Stops above X, targets as usual for harmonic patterns.
If you want to share your thoughts or...
The gartley pattern (in grey) has completed.
However, I do not like the R:R for this pattern.
Instead, I am going to wait for the bat pattern (in blue) to complete.
R:R for bat pattern are 1.3 (TP1) and 2.2 (TP2).
I will update when pattern completes.
Spotted a potential bat pattern for XAUSUD
RSI is about to reach overbought level
R:R at 1.2 (TP1) and 2 (TP2)
Will find entry base on H1 chart and candles
I will update when pattern completes.
Risk to Reward
1 to 2.67
*Each D Point has three options: React, Reverse or hit the Stop Loss. 80% of the time we have either a reaction or a reversal. These are quick trades that need to be entered in and out of in a timely manner.*
Risk to Reward
1 to 2.8
*Each D Point has three options: React, Reverse or hit the Stop Loss. 80% of the time we have either a reaction or a reversal. These are quick trades that need to be entered in and out of in a timely manner.*
Bat pattern has completed with price closing inside PRZ, also known as the terminal bar.
RSI very close to oversold level.
Good R:R at 2.4 (TP1) and 3.9 (TP2).
Price alerts on PRZ again to keep myself notified.
When market opens on Monday, I will be monitoring the next few candles before I enter.
A potential crab pattern is completing with PRZ at a good resistance level on H4 chart
RSI is about to reach overbought level
R:R at 1.4 (TP1) and 2.3 (TP2)
I will update if pattern completes.
A bat pattern might be forming.
RSI is halfway to oversold level.
Good R:R at 2.4 (TP1) and 4 (TP2).
This is a daily chart, pattern might take days to complete.
Price alerts can be set at PRZ to avoid constant monitoring.
I will update if pattern completes.
