Bullish Bat
Trade Ideas Educator: EURJPY BatA bullish bat pattern has completed, waiting for a checkback to engage as a countertrend trading opportunity for a bigger setup on the daily timeframe on a bearish bat. Let's see how the trade roll out.
GBPUSD-Weekly Market Analysis-Jan20,Wk1A bullish flag pattern might be over, but my trade plan isn't. If market cross point B, I know I will be waiting for a bullish bat setup for another buying opportunity.
Yes, plan your trade and trade your plan.
BTC 4H with bullish BAT (harmonics)- Occurs when a trend temporarily reverses and then continue it's original course.
- In a bullish version XA leg is formed by a sharp price rise.
This is indeed a perfect BAT so far and the pattern states that CD (last leg) is about 88.6% fibo plus "ideally D should be 161.8% to 261.8% from BC, this give us a point of reversal (88.6% fibo) and a range (161.8% to 261.8%) but also states that D can't be lower than X or will invalidate the pattern.
So our range gets tighter, between 88.6% and 100% fibo, respectively 6690$ and 6560$ range. At this point we should look for reversal signals.
This is harmonics and they differ from classic TA, I don't like to mix them.
Classically analyzing BTC, we achieved 61.8% fibo and it's a healthy / bullish retrace, if holds we will go up, otherwise it's probable that we'll follow harmonics.
Historically BTC has been going down for 5 years in January, I'd expect an exception this year, but only development of PA (Price Action) can tell.
I drew a pink box on confluence / support zone that BTC might hold and bounce from - it has nothing to do with harmonics but classic TA.
Trade Ideas Position: EURJPY BatA bullish bat within the buy zone and there is a bullish bat setup. It should hit 1st target by today market close, finger cross.
If TP2 hit a long term trade may re-engage.
LONG #Bitcoin #Long to #Short, #Bearish #BAT & #DoublebottomIf you have been following me for a while then you know I am a huge fan of Double bottom & double Top, they are one of the simplest patterns that you can find on the chart, I have been trying to learn BAT/Cypher patterns & the only way to do it is practice
So here's another one why I feel this is the double bottom is the cause of we have been seeing some consolidation around the support,
Also there is a triangle forming
I mentioned yesterday that I am interested in longing if the daily candle is able to close above 7181 & I feel there is one final push left in the tank on the upside before we head down to lower levels of the wedge -
So risk-takers can enter a long trade based on the chart, Manage your position size accordingly & Never trade more than you can afford
I will also enter short as per my previous analysis - It is still valid only delayed,
You can track that idea here
make sure to leave a comment & if you agree then hit that thumbs up
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
Trade Ideas Position: GBPJPY BatA bullish bat setup within the buy zone for a countertrend trading setup. I will be waiting for confirmation to engage the trade.
USDCHF Testing a trend line, forming a bat pattern, bullish?Traders, please at first, support this idea with your Like and any Comment, thanks.
Analysis:
USDCHF has been falling hard and is still downtrending. However a long term weekly trend line had just been crossed. Last week the market closed below it and it is possible that it may try to rest it.
However we also a bat pattern completing in the blue zone.
So possibility is:
1. Another bearish day on Monday to go to that blue zone
2. Come back up to restest the trend line and get Bat Pattern target at 38.2 Fib Retracement.
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Where to #Short #Bitcoin?I am currently on a holiday & hence less active, this is what I am seeing right now on charts a possible Bullish Bat forming,
7525$ - we need to have good rejection on 4hr as well as daily time frames for this to work out.
I am looking at possible inverse head & shoulder on daily & I am currently long from 7191, I am looking to close 50% around 749x rest if we see a good breakout from 7525 I will let it ride for higher targets mentioned on charts
another pattern I am looking at is a possible double top on the daily time frame, As you can see on the chart volume has been going down significantly, it was expected with this holiday season, So we can expect that a BIG Volume candle will come soon enough
as you can see 752x is an important level on the charts I will advise you to be patient & wait for some candle closes around those level before entering in any new trade, if you look at history January & February are the months where bitcoin has been setting it's YEARLY LOW so it is fairly possible that we will see a new Low in coming months before seeing good rally upwards, I am bullish on bitcoin for the year of 2020, we are slowly falling into accumulation phase, if you have been following me long enough you might remember this charts
as always #DYOR
remember I am not a financial advisor & this are all just my thoughts :)
ARDR reversalARDR has consolidated with higher lows since August and after bearish divergence at top of the channel the price has broken down to a new higher low with a bullish divergence at the end of a bullish bat pattern ( point A is slightly higher than point C on many exchanges, where the bearish divergence confirmed a fake breakout of the channel on December 1st.)
USDCHF This Zone Can Give Us 100 PIPs Soon - Weekly AnalysisHello Traders, Here is my weekly analysis for the pair. Let me know in the comment section below what you think about the analysis or if you have any questions. Hit the like button if you find it interesting or valuable.
Trade Ideas Educator: EURJPY BatWaiting for a double top to engage the trade on the daily chart as a bearish bat pattern. A double bottom is required at the current Point C as a trend trading trade.
Once market touches Point D completion, I will observe of there is a 3-bar reversal for a counter-trend trading opportunity, however that will not affect my existing short trade, if it was triggered.
USDJPY-Weekly Market Analysis-Dec19,Wk5A bullish bat setup without breaking the uptrend consolidation on 4-hourly chart(bullish flag) and opportunity to engage in a better price for a trend following trade or a trend reversal trade on the daily timeframe as a head and shoulders bottom setup.
Trade Ideas Educator: NZDUSD TrendlineA bullish trendline on the 1-hourly chart, on this intraday timeframe there is a potential bullish bat setup and we will know if it's a valid trade on Monday market open. What? Yeah, Monday. It's just 10pips away.
This trade setup is mainly because of the bullish trendline rather than just the bat pattern.
Trade Ideas Educator: EURJPY BatA bullish bat setup as a countertrend trading opportunity both on the Daily timeframe and the 4-hour trading timeframe.
Trade Engage in the demand zone with a candle confirmation offers a higher profitability rate which also mean a deeper entry without violating the demand zone is required.
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Trade Ideas Analysis: USDJPY Ascending TriangleAn interesting development of this trade, yes indeed is quite troubling when you have 100pips of running profit and the market just stall and fail to break new high, nothing is more painful when you see magic candles form after a bullish candle.
My immediate thought is to close and take the profit, spend it on Xmas and call it a year, but wait up...
It does look familiar, yes, ascending triangle, another breakout(towards the upside) setup.
Always sit back relax and use APE. Analyse the market, Plan your trade and Execute your order.
Trade Ideas Postion: GBPAUD BatA bullish bat setup that forms near the demand zone is ready to trade, but not for me.
I'm waiting for further confirmation as the Point C touches Point A which set up as a warning sign for traders.
At 8pm(+8GMT) there is an interest rate decision, it should move the market. I will at least need a candle confirmation to engage this trade.
Trade Ideas Position: GBPJPY BatPending order set for a check back of this bullish bat pattern, it does have a bigger bearish trade setup in the marking and this is a countertrend trading opportunity.
Trade Ideas Position: GBPUSD BatA bullish bat pattern setup, waiting for a retest of the entry price to engage the trade for this trend trading setup.
Pending order set.
Trade Ideas Educator: GBPAUD BatA trend trading opportunity rested on GBPAUD for a buying opportunity near the demand zone. Is early to tell but buying focus is what I'm looking for, for UK Pound related pairs at this moment unless there is a change in the development of Brexit.
Trade Ideas Educator: CADJPY BatA bullish bat pattern setup for a buying opportunity within the 4-hourly uptrend trendline, It does provide as a trend trading opportunity based on the 4-hourly timeframe.
USDJPY-Weekly Market Analysis-Dec19,Wk3USDJPY has performed well in an extension move off the bullish bat pattern, target1 has achieved and the crucial push depends on this week the US tariffs that are due tomorrow.
The candle that touches the previous high and fails to close above the previous high is a concern to me.
Monday market movement will determine if I'm going to keep the trade or an immediate exit of it.
