We have a very nice potential bat pattern on FX:USDJPY with perfect targets.
Both of our targets are perfectly located at structure levels. (look left for more confluence and check the levels).
According to the structure we have very nice risk.
Avto_T
Green Luck
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ATTENTION: Very soon, the...
$SPX managed to close the trading week above the 1950 support zone, having its best week since July.
I get a lot of questions asking whether the latest S&P bullish move is a correction wave (to its August declines) or whether August's bearish move was the correction that the market was waiting for and we are heading to another bullish wave that will conquer a...
I wake up, did some analyses and found out this perfect opportunity on FX_IDC:USDJMD
Completed Bat pattern at the PRZ zone with the confluence of:
1. Fibs 61.8
2. Structure resist
3. Daily R1
We have very nice R/R targets: Target 1 with 1/1.95 RR and Target 2 with 1/3.4 RR.
I want to mention that X leg is located in very strong resist zone, which gives us more...
Looking for potential Cypher Pattern completion at 1.13387. Putting stops 20 pips above X at 1.13827. Target 1 & 2 at .382 & .618 Fibonachi retracement. 2.59 risk/reward at T2. Rolling stops to break even if we hit T1. Don’t forget to add a little cushion for the spread. Plan your trade and trade your plan.
Not too much on my radar today, which is perfect since I prefer not to be actively trading on Monday’s. With that being said, something that I have my orders locked and loaded on for later on is this potential bearish bat pattern on the USDJPY completing at 125.09 right around a 4hr supply zone. This one may also be worth watching as it approached 125 even as we...
The Euro is still consolidating inside of the big triangle pattern on the daily.
Price is now forming a potential bearish Bat pattern D-leg at 1.1358.
That also lines up with the trendline starting on May 15th and the 200MA
My stop on this will be above the upper trendline (grey)
HEY ALL,
We are very close to seeing a Bullish Cypher pattern completion.
Looks like we just missed the Bat pattern in Yellow, or it might still be setting up, we never know ;)
Stops below the X leg of the Cypher pattern.
TGT1 0382%
TGT2 0.618%
Good Luck!!
HI ALL,
Here we have a nice bearish bat pattern completion at a very strong resistance level.
we even have Triple tops here and another Top might be setting up.
RSI very close to Being Extremely overbought.
Stops above X
TGT1 0.382%
TGT2 0.618%
If you're new to following me, yesterday I decided to dedicate an entire week to keeping you guys updated on a single pair. Below is a link to the Day 1 chart if you missed it or just need a recap on what I was looking at.
The cable was very bullish yesterday an nearly pushed up to our projected bat pattern completion. Since then we've retraced and are setting up...
Taking inspiration from one of my followers who messaged me this weekend, I wanted to try something different here on Tradingview and concentrate on a single pair this week instead of randomly posting charts when I have the time. (Let me know what you think of this idea by the way).
This week I wanted focus on the GBPUSD as there are a few potential trading...
It's not often that we end up seeing more than one harmonic become prevalent on our charts, but when they do, the amount of opportunities you have are absolutely amazing.
If these patterns confirm, we have the possibility to capitalize on roughly 837 pips over the next week or so. Definitely something you may want to add to your portfolio. So, what makes me think...
Here we are looking at 4 different type of patterns of which we have a Bearish Bat and Cypher pattern that completed and then we have 2 Bullish patterns Gartley and a Cypher pattern setting up.
I could not draw in all the Fib. Retracements and Extensions due to it cluttering up my chart.
Hope there is something on here that you guys did not see.
Happy trading people ;)
Bat patterns need:
.382 or .500 XB leg (we have a .382)
.382 or .886 AC leg (we're just shy of .886)
1.618 or 2.618 BD leg (we're just shy of 2.618)
.886 XD leg
This looks like a bat pattern to me. Since XA is a .382 retracement and we have a strong bearish trend, I think the .618 is a good TP1 and the 1.272 is a good TP2. Stops above X.
Looks like a bearish bat pattern is nearing completion on the 60 for EURAUD (though point C is neither a .382 or a .886...) This is nice because it's going with the bearish trend and although we're seeing some bearish movement, I'm hoping that's just so it can get enough steam to make it to the .886.
RSI(14, close) shows we're almost overbought using 80 as...
GBPAUD is in a bullish trend in an ascending channel and it looks like we have the potential for 2 different bat patterns or a butterfly.
If the bullish bat (in black behind the blue butterfly) completes, we're looking at entry around the 1.8930s. The next level of support below the impulse leg (XA) is right around 1.8700 so we might see the market test that...
With a bearish engulfing confirming reversal on the daily and a pull back to theT.L confirming a lower low and a possible shooting star formation the 4hr is looking promising for a drop down to 88.327 in between the 38% and 50% retracment and above a previous demand zone for a safer exit.
After a shooting star on the 4hr and forming lower highs and lower lows ...
