GBPUSD is expected to break through 1.2550On the 4-hour chart, GBPUSD stabilized and moved upward after falling back to the previous demand area, and short-term bulls have the upper hand. At present, the upper resistance is around 1.2550. If it breaks through, it will continue to rise. The upward target is the previous supply area of 1.2717-1.2811. When the price reaches around 1.2730, pay attention to the potential bearish bat pattern.
Bat
EUR/USD Bullish Outlook Following Bat Pattern CompletionThe EUR/USD 1-hour chart displays a completed Bat harmonic pattern, with price reversing near the 0.886 Fibonacci retracement level, suggesting a potential bullish move. Key trade levels include a support zone at 1.02911 and targets at 1.03394 (T1) and 1.03784 (T2).
Current consolidation above the pattern's completion point indicates potential continuation to the upside, with confirmation needed via a breakout above the highlighted zone. A stop-loss below 1.02911 is advised to manage risk. A break below this level would invalidate the bullish setup.
EURUSD Bullish Bat PatternOn the 4-hour chart, EURUSD is in a short-term shock and decline, with bears taking advantage. Currently, attention can be paid to the support near 1.0236 below, which is a potential buying position for a bullish bat pattern, and this position is in the previous demand area.
Reversal on Mondelez Looking Favorable. MDLZA clear Elliott 5 wave impulse down is complete, along with classical divergences on the momentum indicator. Willing to bet that this is a reversal with MIDAS line cross and US/vWAP acting as resistance in synchronicity. Interestingly, there's a double harmonic that formed in the more long term aspect - a deep Bat and a butterfly within deep bat. VZO and Ehlers Stoch/RSI are divergent, so disregarding the readings in this instance.
GBPUSD eyes bearish bat patternOn the daily chart, GBPUSD stabilized and moved upward, and the short-term bullish pattern was dominant. At present, the upper resistance can be focused on around 1.2730, which is a potential short position for the bearish bat pattern. At the same time, this position is in the previous supply area.
Market Analysis: Bullish Harmonic Bat Pattern on GBP/USDOverview of the Setup :
This chart highlights a **Bullish Harmonic Bat Pattern** on the GBP/USD pair, with the potential for a reversal to the upside after completing the pattern near the critical support zone.
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** Key Observations:
1. Harmonic Pattern :
- The **Bullish Bat Pattern** completes at point X (around 1.22628), which aligns with the 0.886 Fibonacci retracement level of the XA leg. This level represents a strong confluence of support and potential reversal.
- The reaction at this zone suggests that buyers may be stepping in.
2. Price Action :
- The recent downtrend has reached exhaustion at point X, with the price consolidating and showing signs of a potential reversal.
- The price has formed a **lower wick**, indicating rejection of lower levels and possible bullish momentum building.
3. Fibonacci and Take-Profit Targets :
- **Take-Profit Levels (TP):**
- **T1:** 1.23541 (50% retracement of the XA leg).
- **T2:** 1.24187 (0.618 retracement of the XA leg).
- The harmonic structure suggests these levels as the most probable targets for a bullish reversal.
4. Indicators :
- **Stochastic Oscillator:** In the oversold territory, signaling the likelihood of upward price movement as selling pressure weakens.
- **RSI:** Approaching oversold levels, further supporting the bullish reversal hypothesis.
5. Key Levels :
- **Support Zone:** Point X near 1.2260 is the critical level for the pattern’s validity.
- **Resistance Zones:** MHQP at 1.2500 is a longer-term resistance, while intermediate resistance levels are 1.2350 and 1.2418.
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Outlook and Strategy :
- **Bullish Bias:** The completion of the Bullish Bat Pattern and confluence of support suggest an opportunity for long positions targeting the Fibonacci take-profit levels (T1 and T2).
- **Entry Zone:** Enter long positions near 1.2260 if price action shows sustained bullish rejection.
- **Stop-Loss:** Place stops below 1.2220 to account for false breakouts.
- **Targets:**
- **T1:** 1.2350
- **T2:** 1.2418
Risk Factors :
- A sustained break below 1.2260 would invalidate the pattern and could lead to continued bearish momentum toward 1.2200.
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This analysis highlights a bullish opportunity driven by the completion of the harmonic pattern, with clearly defined entry, exit, and risk parameters.
NZDJPY BULLISH POTENTIAL Harmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
BTCUSD focuses on the demand zone below + potential bullish bat On the 4-hour chart, BTCUSD fell back quickly in the short term, and the bearish pattern was dominant, with the downward target looking at the 89,000-93,000 area. When the market reaches around 91,500, pay attention to the potential bullish bat pattern.
Last chance for DNORD at this lvl - 4hI have nothing below, so if this doesn't hold I'd suggest it'll continue to at least 175 DKK. I don't trade harmonic patterns any more and haven't got a clue on their win rate these days, but it is a nice bat pattern too ;)
Haven't got too much trust in this lvl, but I thought I'd share it since there's a decent drop to the next area of interest.
GBPUSD Potential Bearish Bat PatternOn the 4-hour chart, GBPUSD stabilized and rebounded, with short-term bulls in the ascending position. The current upward target can be seen around 1.252, and after reaching it, pay attention to the potential bearish bat pattern. In addition, 1.2522-1.2575 is the previous supply area, and the probability of a rebound at this position is relatively high.
Energy Fuels Stock: Potential Reversal Ahead?AMEX:UUUU
After reaching a low of $0.78 in March 2020, AMEX:UUUU has been on a recovery path. Currently, it's forming an inverted head and shoulders pattern, with the key neckline at $7.47. A breakout above this level could signal a move towards $9.73.
However, watch out for the bearish alt-bat pattern near $9.73, which could lead to a pullback. Stay alert for key price action and adjust your risk accordingly.
⚠️ Note: Any violation of the $4.19 support would invalidate the projected patterns in this idea.
FBU Fletcher Building NZLooking at Macro timeframe and there are some interesting levels coming up
Large scale harmonic bat pattern and demand level,
Coupled with lower timeframe fibonacci cluster levels just above and around the higher timeframe demand level
Fundamentally this stock is ~50% undervalued, losing money but has forward dividend of >11% as @$2.59 and it looks like it wants to drop further which will increase this again...
Might watch this around $2.35 - $2.08, for signs of life and hold this as a long term position
Buy low + sell high and hopefully get good dividends while doing it, theres likely 200-400% upside if you're willing to hold for years, or if not then if it gets to double, sell half and reinvest in something else and forget about them until they hit $8-$10
Know the company well, as used their building products... so have confidence they will turn around if they divest their residential builds funded with debt and lighten the balance sheet converting these builds into cash
This large scale pattern looks like a complex correction so the chances of staying in the $1.50 to $9-$11 range for a while is pretty high
AUDCAD BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
USDCHF focuses on buying opportunities at 0.9030On the 4-hour chart, USDCHF is currently fluctuating at a high level. Currently, we can pay attention to the support near 0.9080. If it breaks, it will test the support of 0.902-0.906 area below. When the market reaches around 0.903, we can pay attention to the potential bullish bat pattern.
#CCAP Egyptian stock#CCAP time frame 1 DAY
Created a bearish Gartley pattern
Sell point at 2.57
Stop loss / reentry 2.63 ( estimated loss -2.15% )
First target at 2.44 ( estimated profit 5% )
Second target 2.32 up to 2.24 ( estimated profit up to 13% )
and may prices still going down to around 2.00 .
the profit in this case is saving your invest from losses up to 13% .
in case the prices still rises then re entry for targets 2.75 , 2.83 , 2.93 up to 3.11.
NOTE : this data according to time frame 1 DAY
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
USDCAD BEARISH BATHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
GBPNZD BULLISH BATHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
EURNZD BEARISH BATHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.