Bearish Bat
COTIUSDT is creating a bear flagthe price created a double bottom on the daily timeframe on the 0.17 as you can see on the upper chart.
on the 4 timeframe, the price is creating a bear flag after a false breakout from the flag and the rejection from 0.22 resistance.
How to approach it?
The price could have a new breakout in order to grab new liquidity from the demand zone at 0.155$ So uf the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
USDCAD ADVANCE HARMONICS PATTERN (BAT)USDCAD has formed an advance harmonics pattern bat on its hourly chart.
The price is trading the entry level EL 1.28190
Patterns are only valid when the prices closes above below the entry level with a confirmed trend
USDCAD BAT BEARISH PATTERN
💼EL 1.28190
⚠️SL 1.28712
🎯TP1 1.28190
🎯TP2 1.24938
🎯TP3 1.24045
PRZ as Bat pattern on USDCAD to sellThere's a bat pattern on USDCAD. We sell and placed it because of bearish candle confirmation. TP on the first TP of the bat pattern. There's also an alternate AB=CD in which is the 0.782 retracement with the 1.618 projection. Do you guys have other ideas or any more confirmations? Let me know on the comments.
my low risk/high reward ta on atomsaw a harmonic pattern forming. its either a gartley or bat, my confidence in this trade is quite low because the price didn't hit my orderblock but a choch already formed so I might as well take it since its only a low risk (0.28%) but with a high reward :))))
PS
not a professional student please dyor.
stay safe :)))
AUD/USDIts all in the wave structures!
The Bullish Shark Harmonic (green) turns into the Bearish Crab (pink) with a PCZ at the 1.618 (0.78850 AUD/USD)
This is all within the larger structure Bearish Bat harmonic (blue) completing at the 886 (0.78850AUD/USD) which is in confluent with the PCZ of the Bearish Crab (pink)
Love the confluence
USOIL 4hr Its all about the wave structures!
As a Technical Analyst I identify patterns and harmonics to give us a higher probability of an outcome before they happen rather than talking about it in hindsight!
Here you can see on the 4hr chart the Bullish Bat Harmonic with a type 2 return underperforming and maturing into a Bearish Bat Harmonic that has a PCZ OF $114.72
CADJPY - Bearish BatIf you are looking to jump in to short the market and you had missed it twice, here is another opportunity, a Bearish Bat complete at 90.42 on the range bar chart.
Even if you are confident and compel to short the CADJPY. It will not do you much harm to wait for a bar chart confirmation.
GBPJPY - Bearish BatPairs like GBPUSD is the only few in the list that can give you a 50pips profit potential movement. It's important for me to see some form of market slowing down before engaging the trade.
- A 3-bar reversal candle
- a long shadow candle
- a doji candle
- railway formation
If not I won't be engaging just yet. Just saying.
GBPUSD-Weekly Market Analysis-Mar22,Wk1A Bearish Bat emerges on the 1hourly chart and it is seen to complete at 1.3530. This may seem like a simple trading pattern, but if you are aware of our trade management system, this is a Great Trading setup.
This Bat Pattern fulfil the upsize trade management system that can easily have a Reward is to Risk that is more than 4:1.