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Ratiotrading

GBPJPY 15 Bearish BAT PATTERN @ 157.18Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 157.18 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 40 pips x 2 = 80 pips Reward #1: 58 pips. R:R = 1:1.4 Reward #2: 94 pips. R:R = 1:2.3 Plan your trade... Trade your plan.
Short
by Krunal.Patel
Bull Cypher On Gbp/UsdThere is a potential bullish cypher pattern that will complete at 1.43979 level. Now I will be looking to enter just above the 1.44000 even handle. This pattern presents a few different opportunities. For those that are strictly pattern traders, you can take your targets at the "T1 and T2" levels which are the .382 & .618 retracement of the C-D leg. But if you are like me, you can use this as an entry reason on a trend continuation trade, and you can look for the "T3" level as a potential target. Either way, this is in my opinion a great opportunity.
Long
by tommyb35
1
Pick Ur Pattern GBPUSD(4H) : Bearish Gartley or Bat ! Today we got two potential patterns forming in GBPUSD one after the other. Bearish Bat which is about to complete soon and Bearish Gartley which is big will take some more time to complete. Its all about what are your rules about handling these situations, Whether to trade both patterns in GBPUSD as it completes or choose one. What does your trade plan say ? I will trade both tats my plan. Choose wisely... Like/Comment your views... Happy Trading !
Short
by InsiderB
3 Steps Ahead of the MarketThere is only 2 people that I follow when it comes to trading and the forex market in particular. One of the things that they preach and that I try to apply to my trading on a daily basis is, staying ahead of the market. Right now on Eur/Usd there is a great example of this. Now this could all blow up in a matter of hours, but nonetheless I am prepared if it does play out the way I expect it to. Eur/usd broke out of it range last week and Is now rallying back up to previous support which should become resistance. As you can see with the 2 blue lines it is potentially putting in an ab=cd pattern. Now if this ab=cd pattern completes, it should complete around the 1.1358 level which is a 2.00 fib inversion of the b-c leg. I have done a ton of painstaking backtesting and have discovered that after a .50 retracement of the a-b leg that there is a high probability that it will complete at the 2.00 inversion. Now if price happens to venture a little farther than the 2.00 inversion and touch the .618 retrace of the recent down move, then we will have the b-c leg of a potential bullish gartley pattern which could potentially complete at the 1.1171 level. Now like I said, this could all blow up in my face, at which point I will erase all of this analysis and start over. But, if it does play out like I have planned, then all I need to do is be patient.
by tommyb35
2
EG Bearish Bat Weekly, Great RR, wait to enter, PIPS PIPS PIPSHello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said volume. This volume spike combined with the terminal price bar that tested the PRZ is SOLID CONFLUENCE....!@!?@>!?@>!>!!! We have the necessary confluence of all 5 point harmonic patterns being an ABCD pattern. This pattern is an extended ABCD pattern. C point retracing 88.6% of AB, topside projection would normally be the 1.13%, but it has completed an extended pattern around the 1.618 expansion of BC. This is an extended 1.618 AB=CD pattern as defined in the Harmonic Trader : Volume 1 by Scott Carney. Price action has retraced and beginning of this week shown a bullish gap. Expect price to fill the gap and continue to drop to the projected IPO1 and IPO2. The pound seems weak now, so Id wait for some confirmation prior to shorting. If you're aggressive short now (treating current price action as a retracement) and ride er on down. Trade safe, trade smart. -K
Short
by KumaTF
GU Long, Monthly Resistance bounce/Bullish Butterfly, Good RRHello Trading View, Here on GBPUSD we see bearish momentum, which stalled and bounced off an important key level off the Monthly TF. The rejection of the key monthly support tell me that a trend change is in order. We have the completion of the Bullish Bat 5-Point pattern, the terminal price bar has tested the majority of the PRZ and sharply pulled away, which is one confluence factor. We also have the completion of the ABCD pattern within the C-D leg, a retracement of 50% of the impulse leg, which gives us bottomside projection of 2.0, which lands right in the middle of the PRZ. I have 2 projected I.P.O. of the 0.382 / 0.618 retracement of the CD leg. I.P.O. 2 is important because it could reach the bottom side of our overall trendline providing a possible swing trade. I.P.O. = Initial Profit Objective Trade safe, trade smart. -K
Long
by KumaTF
ABCD to Bearish Bat in progress, aggresive trade, good RRHello Trading View, Here on the EuroYen, we are seeing a reversal of a bearish trend . Price has made higher highs, and higher lows, confirming my directional bias. Topside projection of the ABCD pattern is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg. Typically you are supposed to trade this from the topside down, but if you're an aggressive trader, this might be your trade. After completion of the ABCD pattern, we have a valid short, as price has completed a Bearish Bat. Bat confluence due to price action reacting to all necessary ratios, and the completion of the ABCD pattern, which is essential to all 5 Point harmonic patterns. Before pulling the trigger in the PRZ, monitor price action for the necessary confirmation to short at pattern completion. Stop is set below the B point, as a close below would invalidate the pattern. Trade safe, trade smart. -K
Long
by KumaTF
USDJPY 60min Bear Trend Continuation (TCT) & Bear GartleyUSDJPY, like all JPY crosses have been declining in heavy trend. I'm looking to Short USDJPY on the 1hr using a variety of entry techniques that are all lining up in one area. 1. Trend Continuation Trade - I like to sell these pullbacks somewhere between the 61.8% & 78.6% Fib retracements. I like to see some sort of Reversal Pattern or Candle in that area before I pull the trigger. 2. We have a Bear Gartley Pattern that completes right in my "Sell Zone". 3. There is structure looking left. 4. Fib Inversion Trade - The 1.618% fib inversion of the pullback puts price right into my "Sell Zone" 5. ABCD Pattern - There is an ABCD Pattern that completes right in my "Sell Zone" 6. Higher Time Frame - HTF is supporting a down move to about 116.000 and is Trending down currently 7. Ratio Confluence - There is a "Fib Cluster" that all packs into my "Sell Zone" Depending on how you score it using "Combined Technical Scoring" (CTS), its' at an 8 right now. If the RSI goes overbought then we will be up to 9! - Stops need to go AT LEAST 1 ATR behind the Reversal Zone and tucked safely behind that 119.00 even level. - Targets will be what ever your Trade Plan says. My Trade Plan has me placing Target #1 at the Previous lows of the trend and Target #2 at the 1.27% Fib ext.
Short
by PateSkpate
5
EURJPY: Harmonic-Structure based setupWe have a very nice shorting opportunity on FX:EURJPY . There is a bearish bat pattern and a very nice structure resist @137.00 level. Look left for more confluence. Our targets are located on key structure levels as well and stops should go above the red zone. This is a very nice setup to sell. Avto_T Green Luck ---------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Short
by RCP
NZDUSD: Trade of the Week!This is the opportunity which I was watching the whole week. We have a very nice setup on FX:NZDUSD To start with there is a perfect ABCD pattern, completion right at the resistance level 0.6455. Besides we have a confluence of fibs 1.272, at this key level I look the price to hit the channel edge and finish the channel, as we see we have 2 touches below and 1 touch up with the potential second touch to complete the channel. R/R is also very nice. Avto_T Green Luck ---------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Short
by RCP
2