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NZDUSD H4 BAT PATTERNHi traders, NZDUSD is setting up for a downside move i am expecting from price to come around our mentioned bat pattern completion and also a third touch of trendline area, watch price action on the top and look for a short position opportunity if price drop from the current area and break 0.55126 level without hiting our mentioned entry level then this setup will be invalidate. If you are taking this trade so please i request you trade with your acourding strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
Short
by TheLoserMan
2
AUDCHF H1Hi traders, AUDCHF is setting up for a downside move watch price to complete our pattern and look price action on the top for a short position opportunity if price drop from the current area and break 0.62298 level without hiting our mentioned entry level then this setup will be invalidate. If you are taking this trade so please i request you trade with your acourding strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
Short
by TheLoserMan
Possible Short bearish Bat Pattern Hour 1 TimeframeDue to strong dollar Im still bearish to all Indices Possible short set-up *Wait to complete the pattern in PRZ *Look for increase of volume or divergence for additional confluence Reminders :Trade @ your own risk LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to loss..
CAPITALCOM:US100Short
by Blessed_Trader22
3
NZDJPY - Bearish Bat RetestLast week's video analysis I did talk about this Bearish Bat Pattern. If you have engage this trade, congratulation, you have gain close to 100pips of profits. Don't worry if you have not engage on this Bat Pattern, you can wait for a retest at 83.50. A retest Bat Pattern is also known as Type2 Pattern. Usually, the movement of such setup is more gentle than the type1 setup. Patience is required. What I like about this setup, it gives me an opportunity to hop on the Daily Chart's potential bearish flag pattern.
Short
by RaynLim
Bat Harmonic Pattern - Made Easy For Everyone !The BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs. The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci retracement of the XA leg then it is a bat, otherwise it can turn into a cypher structure. The market strategy of the pattern is suitable for all time frames and all markets types. Traders have to keep in mind that on lower time frames using the bat pattern market strategy has some challenges because the pattern tends to appear on less frequent on lower time frames. How to Draw a Bat Pattern : As mentioned earlier, the bat harmonic pattern looks very similar to the Gartley pattern . It has four different legs marked as X-A, A-B, B-C, and C-D. X-A: In its bullish version, the first leg appears when the price sharply increases from point X to point A. This is the longest leg of the pattern. A-B: The A-B leg then sees the price switching direction and retracing 38.2 to 50 percent using the Fibonacci retracement of the distance covered by the X-A leg. Have it in mind that the A-B leg can never retrace beyond point X. But if it does, the pattern is considered invalid. As you can see, if the price with a spike reaches a point under 50% but with the body above, this will be Valid. The candle Body's important. B-C: Here, the price changes direction for a second time and moves back up, retracing anything from 38.2 to 88.6 percent of the distance covered by the A-B leg. If it retraces up above the high of point A, the pattern is considered invalid.As you can see, if the price with a spike reaches a point above 88.6% but with the body is below, this will be Valid. The candle Body's important. C-D: This is the last and most significant aspect of the pattern. As with the Gartley pattern , this is where the bat harmonic pattern ends and traders place their long (buy) trade at point D. ( PRZ Potential Reversal Zone ) The 88.6% percent retracement of the X-A leg is our Entry Point. D POINT or PRZ Before trying and trading the pattern, confirm from this checklist that the pattern is real. It should include these vital elements: A-B : 38.2 to 50% max percent using the Fibonacci retracement B-C : An 38.2 to 88.6% max percent Fibonacci retracement of the X-A leg C-D : The 88.6% percent retracement of the X-A Market strategy: Step 1: Drawing the pattern Begin by clicking on the XABCD pattern indicator that is found on the right-hand side toolbar of Tradingview Identify the beginning point X, which can be any swing high or low point on the chart. You should get 4 points or 4 swings high/low points that join and form the harmonic bat pattern strategy as explained Above Step 2: Trading the pattern The 88.6 percent Fibonacci ratio provides traders a more reliable risk/reward ratio which is why the market strategy of the bat pattern is such a very popular as a market strategy. The best entry point is the 88.6 percent Fibonacci retracement which is a very accurate market turning point. It is recommended that traders should enter as soon as they touch the 88.6 percent figure. Oftentimes the harmonic bat pattern strategy doesn’t go much above this level. Step 3: Placing a stop-loss Usually, traders should place their protective stop-loss lower than the point X of a harmonic bat pattern . That is the only logical location to hide the stop-loss because any break below will automatically invalidate the pattern.We use as manual the 113% Fibo of X-A as a picture below. Step 4: Take-profits There can be several ways to manage your trades, but the best target for this pattern should be to use a multiple-take profit formula. For this pattern strategy, take the first partial profit once you hit wave-B level and the remaining half wave-C. Once the price reaches the first target you should move the Stop Loss at BE ( breakeven - entry point ) or close the position in profit. By doing this you will accomplish two things: first, you’ll ensure that you accumulate profits and secondly, if the markets reverse, you ensure you’re stopped at BE and don’t lose any money. There are many ways to calculate the Take profits Target, this is one of the most used and we suggest starting in this way. Identical rules to draw and set parameters like stop loss and take profits are for the Bearish version. Nothing changed. Please note this is an introduction to the BAT pattern , for beginners. I tried to make it more easy and simple as I can.
Education
by FOREXN1
24
EUR BUY: Bullish Harmonic Bat PatternI noticed a BULLISH Harmonic Bat Pattern panning out on the EURo. Point B of the AB=CD pattern is sitting at a nice 50-60% Fibb retracement of Move X(Starting/Bottom Point of Fibb)>A (top/End of Fibb) Point C is laid perfectly at the 35-40% retracement of Point A. and Point D is around 160-170% retracement of leg B>C. Making sure to place S/L Below the beginning Point X. My T/P1 is around even with Point C where i will remove 1/2 of my position. My T/P2 is around even with Point A, where i will close the remainder of m position. This is NOT Financial Advice and is my OWN Speculation of the Market at this given time. Hope you guys enjoy!
Long
by lodose81
BOROSIL LTD : Potential BreakoutThe idea here is about Borosil Ltd: Borosil is India's most trusted glassware brand since 1962. Synonymous with heatproof glassware, it is the market leader for consumer glassware in India, USA & Netherlands. mentioned below are the points to be considered. Points as per TA on a Hourly, Daily &Weekly Chart: 1. Trading in Ranging Market(Daily chart) since 11th July 2022 after breakout of falling wedge as per below chart: 2. Gartley Harmonic Pattern completed on weekly chart since 23rd August 2021 till 20th June 2022. B Swing completed & momentum heading towards C Swing at the time of publishing as per below chart: 3. Bearish Bat pattern completed on daily chart since 4th August 2022 till 12th September 2022, price may touch B swing on the pattern since 20 EMA is just below the B swing point as per below chart: 4. Cup formation completed on daily & hourly chart since 4th August 2022 till 12th September 2022. Handle formation under process with a downtrend channel on hourly chart. Price did break out of trend on 14th September 2022 between 12.15 PM to 1.15 PM but was rejected as per below chart : Expecting the price to break through the trend in tomorrow’s session. 5. Trading above 20 & 200 EMA on daily chart & daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is Strong buy for an upward momentum. Weekly & Monthly chart is Neutral at the moment. 7. RSI is at 63.94 on a Daily Chart & 58.68 on a weekly chart at the time of publishing. 8. MACD Way above signal line on daily & weekly chart . 9. Hull Moving & other moving average is a strong Buy on Weekly, monthly & sell on daily chart. If price sustains above 362.22 by end of the week then it is a very strong signal for upward momentum. 10. Long entry if price breaks above 379.55 & sustains, then we are in upward momentum. However, keep in watch list for the week & alert for price momentum. Projected targets provided in the chart. Stop Loss: Enter only once cup & handle & bearish Bat pattern Break out. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:BOROLTDLong
by Tron029
💵Australian Dollar/New Zealand Dollar 💵Analyze (10/05/2022)!!!Australian Dollar/New Zealand Dollar succeeded in making Bullish a 🦇Bat🦇 Harmonic Pattern near the trend line. I expect the Australian Dollar/New Zealand Dollar will go UP at least to the resistance zone. 🔅Australian Dollar/New Zealand Dollar ( AUDNZD) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2