A confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
Bearish Gartley (red pattern) was completed and price moved lower like expected. Now Bullish Bat (green pattern) has been completed and it´s time to look opportunity to go long. Risk/reward is OK and there´s a chance that price will move upside and complete bigger bearish Cypher pattern (blue pattern) @1.5370. If price moves to Target 1 the stops should be moved...
We are in consolidation, if market will stay in zone we might see potential Bullish BAT, Entry can be moved above 1.5 to ~1.5010 because we might see bounce from that level.
Simple advanced pattern trade with bullish Bat pattern and ascending trendline.
USDCAD has been a pair that I've had my sights on for a while now. After clearing our previous level of resistance I see nothing in the way of $1.40. My optimal reversal zone starts a little bit lower around the 1.3420 level but any chance I have to get long, i'm going to take and will be certainly keeping a portion of my position on for the bigger potential move...
Bull Bat coming into Structure ! If you trade the bat with the "at least" 38.2 ret (a-b) than this might be a pattern for you :) Learn how to trade these patterns : www.youtube.com
lots of potential harmoinc patterns evolving
Bullish Bat about to reach D-leg completion - LONG opportunity. Limit order is set at "Entry". Stop loss below previous structure and support looking left.
We have a bullish bat completing its D-leg at 184.650. Well-defined levels of support within a good risk-reward profile for stop loss. This bat is also a part of a bigger bullish Cypher which completed yesterday and is still valid. Marked entry, targets and stops!
There is potentially Bullish Bat -pattern forming in EURJPY with fairly good Risk / Reward-profile. Potential Entry Zone is also on a bullish trend line that has been tested few times. If the price won´t fall and close under the trend line, there´s a good chance that the price will bounce higher at least to Target 1. Bouth of these Target levels have been...
EUR/USD bullish bat pattern in daily chart.
EURUSD has completed a large Gartley pattern on the weekly TF at a very important area of support. The support comes from a trendline dating back to the year 2000 which has been tested three times and has yet to be broken in the past 15 years. This is the second time price has tested the Gartley PRZ, proving it to be a key area of support as well. To add to...
We're in the zone of a Bull Gartley completion which may or may not work out. Regardless, all signs point to continued shorting possibly after brief retracing! Looking for buy signals when the Bull Bat completes before going long... 250+ pips to downside...Good Luck!!! KEEP THE RADARS UP!!!
From March on the EURUSD Daily stayed in a Range after strong momentum to the downside occurred. The Bat Pattern completion gives us a high probability chance to take the trade. The Minor Resistance Level gives us further confirmation. So all in all a great opportunity! Target 1 is at the .382 Fibonacci Retracement of the A to D Point Target 2 is at the .618 of...
Entering @ D leg completion (0.65121) with two targets based of fib and resistance/support. Stop loss well below previous support. Limit order is set, lets catch this plane!
Nov 12 2015: BEARISH EURGBP 1 Hour: Bullish BAT pattern at market (Analysis Based on 1 hour chart) Observations 1 Short term down channel 2. RSI oversold at swing low 3. Price at down channel mid-line 4.BAT at pattern at market 5. RSI hidden divergence 6. RSI regular divergence NOTE: Wait for price action to confirm the importance of these levels. If you...