Don't mind the bat patterns too much, they are far from complete and could be drawn in a dozen other ways I'm sure... They are just there to help me find a possible entry level to get short on this pair! It could very well be that we will go all the way down from here-on but I'm betting on a retracement and possible test or re-test of yesterday's high and/or the...
This one's on my radar for some time now. Now this bat will not be filled any time soon but I was actually waiting for the 61.8% retracement of XA to be reached to enter short for a possible retracement but it seems I missed the actual touch of that level yesterday..., have to keep in mind to always have alerts set up, so much to look at... I will be looking to...
Looking for longs here. We could have a possible chance to enter long on a breakout of the triangle quite soon now. If we bounce off the upper triangle line we could be on our way to complete a bullish bat pattern (the smaller red one) which be be a good entry level to get long also. I have not included trades since the entry and SL levels will have to be...
Patterns and path to consider to get to completion of the large (green) Gartley as posted in my previous idea's. Very hypothetical but still a good way to try and identify possible entry levels for the "short triangle breakout scenario". The blue Gartley could have already completed C and thus the red arrow might point to the correct path as drawn here in this...
Still very premature but I want to look at possible options for when the triangle breaks! This is a less likely scenario imo but if we break up and get above the B point of the possible butterflies this would give us an excellent opportunity to short this pair. Possible targets could be taken quite optimistically since we could be on our way to the lower channel...
We should be seeing a breakout out of the symmetrical triangle soon! If we break up then we could be on our way to completion of a possible bearish butterfly pattern . If we break down then we could be on our way to completion of a possible bullish Gartley pattern . Don't forget that we are in an "up" channel on a higher timeframe with a last reference...
REPOST OF PREVIOUS PRIVATE POST (forgot to click the lock icon...) This is based on the larger bat drawn in orange here. I have also posted an idea on a smaller bat within this bat. 2 trades in the chart, I will probably take at least 60-70% at TP1 and the remaining part at TP2 since my long-term view is still bullish! SL is safely above X and above a...
In case we don't get above the resistance zone (see previous idea) we could have confluence of 2 possible bullish butterflies completing in the PRZ of the possible larger bullish bat and at the support zone! This is an update of a previous idea identifying the larger bat patterns and thus entry, SL and targets are the same. A 40-30-30% distribution over the TP's...
The bat completes around a possible S/R zone so my entry is a bit lower (right at that zone) then where the bat would ideally end. The "up" channel was breached briefly, we are now back inside, we could therefor still be on our way up to breach the possible ascending triangle to the upside... However: If this bat completes then the 'up' channel will definately be...
See the chart, if this pair continues down then we could be close to completion of a possible bat pattern. Reversal at that point could form the start of a CD leg of a possible gartley pattern (allthough still very premature!). Some "magnetism" could also come from 1 of the 2 "down" trendlines. 4 possible long trades are on the chart, I am considering taking...
This is an update of my previous idea. I am still short with a small position from a smaller shark and am now looking to short again based on this 1.13 shark. This shark completes around the 61.8% retracement of the last move down (see daily chart) and around a possible "down" trendline. I will open a sell limit order to enter on completion of the shark with SL...
Alternative to the previous idea: Via the shark (possible completion around the monthly "up" trendline) towards completion of the possible bat... >>> WISHFUL THINKING WARNING!! ;-) This alternative has much better R/R than the previous one. This is an alternative scenario in case the "up" channel (blue) gets broken... R/R on the first 3 targets can be quite...
In case we go further up along the up channel this chart identifies some possible long targets: Primary targets: 1. Confluence of a possible harmonic move and bearish 3 drives pattern at the 1.2000 psych level. 2. Possible completion of a bearish bat around 1.2300. Possible additional targets: 3. Confluence of the 61.8% retracement of the large move down and a...
Longterm short trade setup: The Daily chart on the left gives us a possible short setup based on a possible double top which could complete at a possible downsloping trendline and possible dynamic resistance (confluence). Bare in mind that the momentum oscillators are bullish and we could see some further upside! I do think however that this is a good...
I had to be quick so the charts might look a bit messy but you'll get the picture I hope. I entered at market at 1.0944 and 1.0954 and might add to my positions later on depending on PA. On the daily we might be have completed a C of a possible Gartley pattern, but we could also just be on our way to a C higher up, we can't now this but it's good to keep options...
Possible bat or alt bat patterns to enter short from. The alt bat has my preference since it completes close to the 61.8% fib level and to possible resistance from a downsloping trendline. The bat(s) are very premature since PA has not completed C yet but I'm counting on further movements between the lower support and higher resistance zones @ the 38.2 and 61.8...
I'm already long from 1.1120 but am looking to see if I can still add to that position. The long is based on a possible shark pattern which has completed earlier today and bullish divergence on the MACD histogram. The smaller timeframe patterns are drawn to see where I should put my buy order to add to my longs. Based on that I've defined my entry zone around...
It seems that most people trading bats take the conventional 50% @ the 38.2% retracement of CD and 50% @ the 61.8% retracement of CD. Because it's what we are taught in books, what we copy from other traders, because it makes sense...?! But is that really the case? I THINK NOT! SEE THE CHART! Some people will be very aware of this I'm sure, but I'm also quite...