Currently long with a bullish bat setup after a failed cypher trade. Is price going to 138.60 and complete a Shark pattern?
Identified that price is still channeling. The completion of point D is at the bottom of the channel
The 5-0 pattern is completed. Will the bears now take over the market? IF price bounce again off 1.43702 zone again AND IF price breaks/closes above 1.44660, THEN i will shorting the market @ 1.45589 with a BAT pattern I haven't tested/traded any 5-0 patterns. Also, for now there are too many IF clausules for me, so I'm sitting on my hands.
First target will be at the 0.382 retracement of move A-D. I will be trailing my second position (for a potential bigger bearish bat on the 4H chart). Stoploss should be set beneath the 0.9264
A bullish bat after a bearish shark? I'm watching price action between 94.58 and 94.42. The lower the better for a better risk/reward ratio setting my stops at or less than 94.17. I'm waiting for a entry setup on the lower timeframe: -breakout/retest of 1h down channel, -double bottom/2681 -advanced pattern on the 1h.
I missed the big momentum downwards to counter it. Now I'm waiting for a retest of the PRZ to get a better price
I've never traded a shark pattern before, so i also don't know where to place stops with this one. (I would say a 1ATR stoploss). But I did spotted a bearish shark pattern once on the 4H chart of AUDJPY. What I found interesting was that after the completion of the shark pattern, a bullish bat pattern was forming. Anyway, would you dare to countertrend trade this...
Potential bullish bat pattern with the trend. Stoploss is 1.113% of A to X Targets are the 0.382 and the 0.618 retracements of A to D. * IF price closes above the 0.236 retracement, THEN I will reduce my risk and set the stoploss to breakeven.
Stops above 1.8100. Target 1: 0.382 retracement Target 2: 0.618 retracement
Building a case... - A press back into previous support/resistance, - Previous support/resistance zone lines up with a 61.8% retracement at 0.9337 - A potential bearish bat (with X from the intermediate move) with a completion at 0.9317 - An ABCD pattern with a completion zone between 0.9317 and a 0.93079 - RSI is oversold Combining this information gives me an...
RSI showing divergence after a strong recoupe this morning
Using the bearish cypher pattern as entry technique. Lots of room to the downside, lots of room for extended targets
Bearish gartley already completed, but I'm wating for a last push into PRZ (possible hit of the trendline)
In the first place I'm already short on the bigger bearish butterfly. (Last week downward move made me happy until today) Now from what i see there 3 patterns taking shape: - A head and shoulder pattern - A bearish 2618 - A bearish Gartley The 2618 is already in play. But if price makes a valid C point of a potential bearish gartley, then the right shoulder...
Waiting for one last push into the PRZ PRZ is based on: 1.272 extension of A to X 1.618 extension of A to B 88.6% retracement of previous structure low RSI 4H showing divergence RSI on the daily is oversold
I'm looking for an entry at the completion of a potential bearish butterfly. My stoploss would be just a few ticks above the 1.618 extension. And I'm aiming for B as my first target (38.2% retracement) and a retest of the broken downward channel (61.8% retracement)