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Bat

SELL BEARISH CRAB ON NZDUSD 15MinNZD/USD has formed a bearish crab pattern on the 1h chart, providing a trading opportunity with a 1:4 risk to reward. The measurements for a valid crab pattern are detailed below. XA Retracement: 0.382 - 0.618 AB Retracement: 0.382 - 0.886 BC Projection of D leg: 2.618 - 3.618 XA Retracement of D: 1.618 Confluence: We can see an Elliot wave completion on H1, ABC reversal is anticipated on the 5th impulse wave. All 3 measurements form within close proximity in the potential reversal zone. as you can see, the shooting star reversal candle formed on 15Min TF confirmed the PRZ. The price has already been pushed lower to confirm the 3.14 measurement, and as such entry is feasible. Have a good week everyone!
Short
by TheGreatCapital
Taking an Aggressive Approach for Extended TargetsAfter a considerable wait, the bullish bat pattern has finally been completed, indicating a potential buying opportunity for traders. However, conservative traders may want to wait for the candlestick to close at 1.2463 before entering the trade. On the other hand, I took a more aggressive approach and entered the trade today, given the presence of two extended targets on the GBPUSD trade. It will be interesting to see how this trade progresses, and I have placed a safe house at the traditional first target of the Bat Pattern to manage my risk effectively.
Long
by RaynLim
GBPUSD - 1 HOUR - POTENTIAL BULLISH BAT PATTERNLots of movement on a Monday & the results are a few retracements that have led to a couple advanced pattern formations. Here on the FX:GBPUSD we have a potential bullish bat pattern that also can be looked at as an entry into a higher timeframe bullish continuation trade as well. If you have any questions about anything discussed in the video please let me know in the comments section below or shoot me a private message. Your Trading Coach - Akil
Long
by Akil_Stokes
2
This could be a Big OneAs an experienced trader, I've identified a significant trading opportunity that I'm eager to execute. My strategy involves a buy and hold approach, with a focus on minimizing risk and maximizing rewards. Rather than setting multiple targets, I prefer to extend my targets and remain flexible based on the market conditions and candlestick patterns that emerge. This comprehensive trading plan enables me to minimize the time I spend monitoring the markets, allowing me to focus on other important aspects of my work. With a keen eye for detail and a commitment to achieving my goals, I'm excited to see what the future holds for this trade.
Long
by RaynLim