CADJPY broke and closed above a big Resistance Level on Friday. It's also forming a Bearish Bat Pattern on the 4hr chart which completes @ 86.00 Level I'm looking for it to come back down to "old resistance" now Support and looking for a buying opportunity off that Level. Stops - 1 ATR below last swing low (Yellow Box) Target #1 - Previous Highs Target #2 -...
Entry 1 H1 supply zone offering almost a 1 to 4 risk to reward. Entry 2 Bearish Bat completion at the 88.6% retracement with a harmonic AB=CD move into the PRZ. TP1 offers 1 to 1.3 risk to reward TP2 1 to 2.16 risk to reward We may see price test the top of the channel, and considering we missed the bottom of the channel on the way down, we could see an...
To all harmonics lovers ,here we have a nice probability succesful trade .This Bearish Bat Pattern have a divergence in rsi (14 ) period daily a double top in 4h timeframe and its inside a strong resistance .All this things together makes fell comfortable to enter to this trade ,take a look and think about it .
Hello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said...
Hello Trading View, Here on the EuroYen, we are seeing a reversal of a bearish trend . Price has made higher highs, and higher lows, confirming my directional bias. Topside projection of the ABCD pattern is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg. Typically you are supposed to trade this from the topside...
There is a potential Bat forming on USDJPY right up into a strong structure level. I've also measured out a potential reversal zone at the same area, and the bat is in the direction of the general trend. Just waiting to see if price reaches my D-completion. Always conduct your own analysis before placing a trade.
On the GBP.JPY 15min chart we have a potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 162.114 & 162.283 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. 161.80% & 88.60% Fibonacci confluence at the D leg completion. Potential targets...
Well, even though the recent earnings report blew speculation I'm noticing that this stock is moving rhythmically. These are weird Q4 earnings (2.2 mil - which is about what it costs for parking, admission, and food for a day at one of their parks with your family ohhhhh SNAP hahahha!) , because you would think an amusement park would post better in say, Q2 or...
As the USDJPY finally shows some relief from it's tirade last week, we have a potential bearish bat pattern forming at a previous level of consolidation. The HTF structure lies a little higher at the red dotted line, but it would not surprise me at all if we saw a reaction between 114.50's and 116.00's Other pairs that are on my radar today $GBPUSD, $AUDUSD,...
Completed 2 bearish bats, could not close above median of monthly ascending channel and formed a double top. Could be a nice ride short till the trendline. RBA this week so caution advised.
About a week ago I posted a chart looking at a potential bearish bat pattern on the EURUSD & told you that I'd be looking for reasons in my Live Trading Room to get involved in the move up to that level. Well this week I was able to take advantage of that opportunity & wanted to share with you the video demonstrating how exactly I did so. www.youtube.com I'm...
Ending diagonal reversal pattern forming D Leg completion zone (PRZ) with divergence!!! All signs point to selling in the near future... 300+ pips to the downside...GOOD LUCK!!! KEEP THE RADARS UP!!!
On W1 chart, bearish Bat pattern (yellow) looks complete and bearish divergence is present. (Price still on PRZ box, and no reversal bar pattern yet). On D1 chart, bear divergence is present too and a bullish ABCD pattern emerges. Price is pressuring channel resistance, so a downtrend may be ahead. (Waiting for reversal bar pattern, below 0.7900)
Potential Bearish Bat, however different PRZ depending on where formation begins ("X"). Blue bat is straight forward. The issue is "B" closes above 50% which makes the bat invalid by my guidelines. Purple bat meets all requirements. PRZ is around 200 pips higher. Both PRZs correspond to resistance zones. Which would you trade?
EURUSD is about to form bearish bat pattern on Daily timeframe and if the bat pattern gets complete as we have predicted it will be right place to go short. We can also note that RSI condition being oversold, so it adds up to our confidence that bearish bat works in our favour. Being on daily timeframe this trade may take time for completion, so traders who can...
IN THE COMMENTS BELOW I SHARED A LINK WHERE I DISCUSS THIS PATTERN
Bearish bat harmonic pattern Short EURUSD 1.1380-90 SL 1.1500 TP 1.1000 ===== www.ForexPositive.com Twitter @ForexPositive =====
I will likely post a precise LONG entry to the D completion if a good entry presents itself based on my rules! Same goes for the short entry. 300+ pips to the upside D completion 300+ pips to the downside if this pattern works out...GOOD LUCK!!! KEEP THE RADARS UP!!!