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Bearish Bat

ETHUSD Possible Short OpportunityBearish Bat Pattern on the H4 As Harmonics Pattern mostly seemed like counter-trend trading with Completion Point D (the place you enter your trade order), a price stretched from Point C, where after passing Point B some traders may have the impression that a change in trend is underway. How I like to determine trend is based on a higher time frame than the one I am trading on. In this example, I am placing my order on the H4 and this time frame gives me a nice looking Bat Pattern (visually the pattern does look skewed), therefore I consider trend using the the H12 or daily, sometimes I go even higher just to see the "Big Picture" that most people will miss because they are so fixated at the time frame they are trading at. It is important to go to various time frame so you know exactly where the trend is that will help you with managing your trade after entry. It is common to see traders getting solid entries but not sure what to do after that, not knowing how to exit the trade for profits or for loss. I also look for trade that satisfy at least 3 of my strategies/methods to enhance the odds of the trade working out. Be very picky with your trades and dont fall victim into FOMO. Remember, skills and knowledge only accounts for 40%, the other 60% depends on your psychology and emotions. Trade Setup: Entry - Within the Sell Area (at Point D if you are more conservative) SL - 206.5 TP1 - before 192 TP2 - before 184 TP3 - before 172 Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
COINBASE:ETHUSDShort
by TradeWithWayneYia
4
Trade Ideas Educator: GBPJPY BatA bearish bat setup for a trend trading trade, not quite sure at this moment if you would love to short it right away when market open or wait for further confirmation(that's more for me) as I have spotted all GBP related pair has a relatively strong bullish candle before market closes on Saturday(Singapore Time). More read up on Brexit related topic on Bloomberg and make your decision o just simply wait for further confirmation or simply stay out of the trade. Do note that pt C touches pt A too, typically not my favourite set and forget trade.
Short
by RaynLim
GBPJPY, BEARISH BAT #RRR 1:7 (Autolines Test1 Harmonic Pattern)HI BIG PLAYERS, today I am very glade to present you about my new wave indicator. Attached to the programming code of my Wolfe Waves indicator, yet I have also created harmonic patterns indicator with auto lines functions. Unfortunately I achieve the limits of TradingView's Pinescript - this is why I code for every harmonic pattern an own indicator. Here I post an example of the Bat pattern. It shows a bearish pattern and allow you to take part on a trade with two possible take profits. The take profits are aimed on the fibonacci extensions 1.382 and 1.618 Attention: I starting already my own business. Actually, I have no premium account (coming soon). For that reason TradingView don't allow to present a link out off this platform. For every interesting user, you can also write me directly. I give you my site, where I talk about me and show my indicator shop. But please be noted, that in the moment I cannot sell any indicator. For my start-up I need already some documents from the financial authority - I come from Germany... here this is normal to wait. :) All pattern indicators will coming soon in this shop. Please be patient and follow me as well you can. King regards NXT2017
Short
by NXT2017
Trade Ideas Position: USDCAD BatHaving the current candle movement, the market does suggest a potential breakout and close above the resistance. My EA pattern recognition software I've been testing for 1-year plus picked this up as you can see it spotted a bigger picture that can't even fit the entire bat in the chart. Definitely a countertrend setup on this. If you had read the previous analysis the head and shoulders formation has formed up, hits its target area and move rebound from the target.
Short
by RaynLim
1
Trade Ideas Educator : GBPAUD BatA bearish bat pattern traded on the type2 setup within the profit trend line. The 1st extended target of the bearish bat has already hit the target with 80pips of profit. When to extend and when not you may think? I could help, all you need is to ask and I'll head you to the direction you are looking for. Profit of course. With the final profit hit for the bearish bat, it will bring forward the opportunity of the bullish bat setup for a trend trading opportunity. Refer to my previous post to see how the trade had formed.
Short
by RaynLim
Trade Ideas Position: GBPAUD BatBearish Bat trading opportunity on this setup. To many harmonic patterns traders, this bearish bat might already be invalid but not for me. The red line act as a Profit Trend Line, if you don't know what is Profit Trend Line then you might have learned this from the wrong source. It is still valid for a short because it does show a series of lower-high and RSI Divergence in the earlier part. It is still a countertrend trade, if this doesn't feels right to you, don't enter.
Short
by RaynLim
2
Trade Ideas Educator: USDCAD BatA bearish bat with my favorite ascending triangle can be a bit tricky for the decision making for this setup. I will wait and see how the market react at the blue trendline, a break and close below the blue trendline will make the ascending triangle invalid, however, if the market didn't break and close below the bullish trendline(blue) I will unlikely let place a sell limit to short for the bearish bat. When 1 have multiple trading strategies is important to have an objective view in the setup.
Long
by RaynLim
Trade Ideas Educator: GBPAUD BatA bearish bat as a countertrend trade within the double sell zone with an RSI Divergence made it even better. This reminds me of the good old day where both my AUDUSD and NZDUSD have RSI Divergence, AUDUSD within the sell zone but NZDUSD broke the sell zone. At that moment I have gotten myself mentally prepared that 1 will hit profit and another most likely a losses. But guess I was wrong and I'm happy that I am both hit profits. Let's see how this baby roll out.
Short
by RaynLim