I initially thought that Thursday & Friday would be our breakout days this week but it looks like the party has started a little early. Setting up on the EURUSD daily chart we have a potential bearish bat pattern completion up at the 1.1393-1.1500 level. I'm not a daily chart trader, but i will be looking intraday for an opportunity to hop on a retracement and...
NZDJPY is moving toward Bearish bat completion D point If you are checking RSI its oversold increasing our confidence level and when price nears D point it may be well above 70 This is just an Idea, Short only if it suits your plan Hit Like for agreeing... Comments are welcome... Happy Trading !
Hi there, As always Errol Here..... We have to Back to back bat patterns here and the first BIGGER bat is about to hit my Target 2 area!! Check in the comment below my Youtube Channel link
Waiting for the price to run into the 88.6% retracement from the X to A leg to complete this Bat pattern. After completion place stops wel above X preferably a little above the previous high. This may not be the best risk-reward but these patterns have a good succes rate.
I'm looking at a bullish trading opportunity here on NZDUSD, that can be used as an entry reason for a potential new bearish trend since, there is bearish rotation in price. Market is giving us a potential Bearish Bat on 15 M. Good luck. Alex Von Rose Professional Trader and Founder of www.beaprofitabletrader.com Twitter/Instagram - @Alex_Von_Rose
EURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus,...
Details in the chart.
Price in direction to the downtrend top channel, a bearish bat projection emerge but has still room to go higher. Invalidation of this pattern will give place for a Bearish B-Fly pattern projection. Meanwhile, looks good for long trades in lower TF’s. Keep an eye on the bearish divergence. Note: Red lines correspond to a Bearish ABCD pattern on M1 chart.
The pattern speak for itself, pressure to the top channel but no divergence or reversal bar pattern yet, so there’s still room for long trades in lower TF’s
Hey traders! We have a potential bearish Bat pattern @ 76.500. Expecting a short reversal to 38.2% atleast of CD leg. Price action trading below the EMA and RSI shown Hidden bearish divergence already. Price action also reaching the structure resistance, looking to test.
Potential trend continuation opportunity using a Bat as entry
The choice is yours to choose the best one to trade... Looks like we are going to have day full of patterns... As I always say Ratio's differ for each one of us, so trade as per your plan. Give a Thumbs Up for Idea Like... Share/Comment your views,even if it differs & Enjoy Trading ....
Good Afternoon! A Bearish Bat pattern has formed after my previous on USD_JPY 30m Wait for a completion and the rsi to get into its overbought zone! Plan accordingly, All the best in your trading! CharlieFX
USDJPY has completed wave-C-of-(iv)-of-((5)), which means the consolidation phase may be temporarily complete and further bearish price action may be forthcoming. In order to catch the fifth wave movement, it is best to enter at a point which minimizes your risk and maximizes your reward.. This setup shows one way to utilize multiple strategies to supplement...
We are nearing the completion of a bearish Bat on EURUSD near our upper support in the regression channel. As always, conduct your own analysis before placing a trade.
Bearish Bat with very good Risk:reward ratio. With RSI also being overbought, we can expect the pair EURGBP to go down to reach our targets around 0.7550 and Stops around 0.7579's Happy Trading !