USDJPY Bullish Bat 4hr Chart and 50% fib retracement on Daily Possible long on USDJPY good risk reward ratio 2.69. I am looking to go long if price breaks the 112.000 level and put my stop loss below previous swing low.
Price is also at a support on the Daily time frame and and a 50% fib retracement.
Lbrincat
Bullish Bat GBPUSD 4 Hour ChartWe have a possible Bullish bat pattern forming on the 4 hr chart for the GBPUSD.
Price closed on Friday in an area of support where a lot of buyers are pushing the pair upwards
Looking at the Daily chart for this pair one can see 2 indecision candles formed in the last 2 trading days.
I will look at it in the morning to decide whether to go long at a breakout of the current support level and place my stops below it or to wait for the Bat Harmonic pattern to complete and enter a trade at the PRZ if there are signs of a reversal at that point.
AUDUSD Bearish Shark Daily ChartsSell @ PRZ 0.77550
Stop Loss at 0.78578
Target 1 Fib (0.382%) 0.75246
Target 2 Fib (0.618%) 0.73842
Trade management move stop loss to break even when target 1 is hit or split your trade into 2 lots and take out 1 lot at target 1 and let the other one role.
The pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on the chart.
Do not use pending orders.
Bearish Bat 60min Chart EURUSDSell PRZ @ 1.06557
Stop Loss at 1.07011
Target 1 Fib (0.382%) 1.05932
Target 2 Fib (0.618%) 1.05543
Risk Reward Ratio 2.16
Trade management move stop loss to break even when target 1 is hit or split your trade into 2 lots and take out 1 lot at target 1 and let the other one role.
The pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on the chart.
Do not use pending orders.
EURUSD Bullish BAT 30min chartPRZ at 1.06088
Stop Loss at 1.05889
Target 1 Fib (0.382%) 1.06333
Target 2 Fib (0.618%) 1.06512
Trade management move stop loss to break even when target 1 is hit or split your trade into 2 lots and take out 1 lot at target 1 and let the other one role.
The pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on the chart.
Do not use pending orders.
USDJPY LONG Bullish Alternate Bet + RSI BAMM 2Hr ChartWait for price to hit Point D of the Bullish Alternate Bat and For RSI BAMM to be Confirmed with divergence and go long on this.
RSI have to go lower than the 30 level marked with a green line but not lower than the previous low marked with a red circle on the chart.
GBPCAD Buy Bullish BatBuy at 1.60810
Stop Loss at 1.57638
Target 1 Fib (0.382%) 1.6468
Target 2 Fib (0.618%) 1.67160
Trade management move stop loss to break even when target 1 is hit or split your trade in 2 lots and take out 1 lot at target 1 and let the other one role.
Do not use pending orders.
Note also that there is a Bullish Bat Pattern on the 4hr chart Completed at the same area.