Advancedpatterns
Crypto Bear Gartley OPPCrypto bubble: Consolidation. That is what it means. During these consolidating(bubble) times, advanced patterns form; increasing the chance of a successful trade set up. RSI shows that there may be some more bullish momentum and retracements before this Bear Gartley is completely filled. I take profit at structural support levels.
Bat Pattern on EURGBPHi guys,
this is a simple harmonic pattern that's unfolding on the 4hr chart on EURGBP. It's going to complete right at a daily structure. I'm going to sell the market at the D point, in expectation of a reversal down to 0.8820 level. Stops above X, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Bat Pattern on EURGBPHi guys,
this is a simple harmonic pattern that's unfolding on the 4hr chart on EURGBP. It's going to complete right at a daily structure. I'm going to sell the market at the D point, in expectation of a reversal down to 0.8820 level. Stops above X, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Potential Bullish Bat on EUR/USD Hi Everyone, hope you all had a lovely weekend. Thought I will quickly shoot this on Tradingview, If you look at the 4 hr some will notice that we had a breakout of a bullish flag pattern. Now personally I don't trade this pattern but I can use it as a confluence. For breakout traders they will be waiting for a retracement to go long, me, on the other hand, is looking to get involved in the 60 min timeframe. If price retraces back to previous resistants now support, we have a potential bullish Bat completing at 1.2260. Conventional targets at 38.2 & 61.8 retracement.
I can also get involved using the FSCT1 at that level if price action presents itself with bullish evidence.
Monolithic Bull Bat OppAs I have mentioned before, most of the time, patterns within larger patterns fail if traded in the same direction. This smaller Bull Bat failed by a few pips, stopping out. I will be switching to Average True Range(ATR) for my stop loss placement from now on. In the meanwhile, This larger Monolithic Bull Bat has a good opportunity for you traders out there.
Massive Potential Bat Pattern on USDJPYWith all of the US Dollar weakness in the markets, we are seeing a ton of massive moves across all of the USD pairs. And here on USDJPY we have a massive Bat pattern that is currently setting up.
Now the really nice thing about this setup is the R/R and the fact that it completes at a major structure level. This pattern will complete at 108.177 and minimum stops must be below X at 107.320. Now make sure that this meets your risk profile, because it is a lot of risk since we are on the Daily time frame. But if it does meet your risk rules, you will have a very nice setup with excellent risk/reward with target 1 at a 38.2 retracement and target 2 at a 61.8 retracement.
Now if the risk is to much for you entering on a limit order, you can look to drop down to the 4hr timeframe and look for an alternate entry ie. double bottom, engulfing candle etc. What ever you do, make sure to follow your plan.
Good luck and good trading.
Possible Buying OpportunityHi Traders,
here my big picture analysis of the USD-CHF.
In the chart you find trend analysis of the different timeframes and important support and resistance levels.
I also spotted a high probabilty trading chance with the completion of a bullish Bat Pattern.
Good Trades!
P.S.: Only trade your plan!
Potential Bearish & Bullish opportunities EUR/NZDIf price retraces, we have a potential bearish Bat completing at 1.6912, profit taking at 38.2 & 61.8 retracements and stops above X. If price fails to retrace then a potential bullish Bat completes at 1.6570.
Price action on the Daily timeframe indicates a bullish trend in this market, however, there is a head & shoulders at play currently and we have a break below close below. We might have a potential bearish rotation if we violate and close below 1.6718.