Following long bearish three point correction, pair has put in double top ,and broke below the support of double top and is now potentially reversing. After breaking below the support pair is currently forming a potential bullish bat on 15 min TF, completing at the previous structure support (now resistance).
Potential bat pattern forming on NZD/CHF 4 hour time frame!??
TP @ 61.8 Fib retracement of C/D
If price action confirms further bearish movement @ 61.8 fib then TP2 will be towards 127% extension of C/D
A bearish Bat completed but price spiked a bit above the reversal zone. I have a pending sell order at 1.7425 with stop loss at 1.7455 (30 Pips) and targeting 1.7335 (60 Pips). I will delete this order if price rallies above 1.7465 before the short trigger.
not so much on my charts these days (at least for my eyes), but i've been able to find this nice setup on the hourly chart. It's a bearish bat formation that's going to complete in a strong structure level (both daily and 4H) and i'm going to get in as soon as the price will touch the D completion point because of the higher trend and because it's a nice...
This one does not require much explanation. I'm looking a Bearish Bat Pattern on the 4H (240 M) chart of AUDNZD completing at a previous level of structure.
I've started placing dashed lines at the highs (or lows depending on the pattern bias) of the B point as an indication of resistance (or support). A break and close above (or below) the dashed line provides me...
After the market moved to the upside, hitting the 2nd target for the previous Bullish Bat, the market now offering (according to the data provided by Tradingview) yet ANOTHER Bat pattern opportunity however to the downside! Please note!: check the data on your trading platform as though on here the requirements necessary to fulfill a Bat pattern have been met, on...
Looking at the completion of a bearish bat pattern on the 4 hr chart. Completion point at 144.333 (which is a nice resistance level) with 2 targets set. Target one completes at a re-test of a trend line which could be interesting.
Good luck traders.
Price action on the 15min char has put in a bearish Bat formation.
this is a risky one because price action could just continue to the upside and hit second targets of the previous cypher
Going by my rules i'm taking the trade
Target 1 1.31080
Target 2 1.30903
Potential Bearish Bat Pattern Forming
Entry @ D-Completion (149.566)
Target 1 @ .382 (148.564)
Target 2 @ .618 (147.945)
Stop Loss @ 1.13 (150.289)
Please make sure the rules for entry match your trade plan