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Bearish Bat

BTCUSD Long then short (maybe)Entered long at 5913 on bullish bat forming 2 days ago, now we have a kumo cross, TK cross, cloud breakout and RSI breakout all bullish. The OBV still cant get above the level that held as support since October 2017. Bearish Bat could possibly be forming as well after the next leg of this movement up. I am bullish up to 7.5k if RSI resistance can turn to support and we can break above the OBV level and see the bat fail. However volume is not exactly convincing and the precise levels on the bat harmonic means 6.7k is likely to be a very strong resistance. I am looking to add to my position at 6.3k where the cloud/daily open level can hold as support at what would be at the bottom of the flag. I would be stopped out of all long positions in profit below the weekly close level at 6.1k I want to short 6.7k or 7.5k. Nothing shows we will be breaking bearish market structure anytime soon
BITFINEX:BTCUSDLong
by actavis89
USDCAD SHORT OPPORTUNITY - BEARISH BAT HARMONIC PATTERNUSDCAD has been on a strong uptrend. The uptrend momentum is now cooling down and we expect a pullback . Previous weekly candle gives as a signal of a short term pullback. The formation of the bullish bat is also a strong indicator. entry = within the red zone stop loss = 1.3460 (just above the D - leg) target 1 = 1.2963 (38.2 % ) target 2 = 1.2689 (61.8%) For conservative traders. wait for a short signal on lower time-frames for entry.(a break of the trend-line in the hour time-frame) Goodluck
Short
by Forexmani
2
USD/CAD - Bearish BatWe've got another bat formation on the daily chart, this time we're looking at USD/CAD. Price is 300 pips away from the PRZ so this is one to keep on the watch list... It has a lot of potential. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 We're looking at a 1.618 AB=CD, 2.0 BC and 0.886 XA in the PRZ for this particular setup. Right now I'm paying close attention to NZD/USD which can be found in the related ideas. Enjoy your weekend everyone!
Short
by LewisGlasgow
4