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
Have A Valid Bat Setup formed which looks like a strong play!
1. D Leg completion at a structure level
2 . RSI Overbought
3. Fb Confluence Area on a higher time-frame
1st Target is at 141.467 (just past 38.2 retrace at a support lvl
2nd target is at 140.705
Patterns have been good in the last few days on the USDJPY -0.10% and it looks like we might have another forming as we speak.
Aside from the advanced patterns, we have recently put in a double bottom with RSI divergence at this lower level, price has now broken and closed above the 'V' of the double bottom and looks to be taking some relief at the moment. This ...
Falling back through the 0.236 Fibonacci support after NFP in GBPUSD validates a bearish bat harmonic pattern at yesterdays 1.3269 high which is the 0.886 retrace from the September 2016 highs.
(Not the GBP crash low was agreed at 1.1860 so low is adjusted). A break of the red trend line from June lows would confirm.
First target is 1.2933 and if that breaks ...
Hey guys,
just wanted to let you know what i'm looking at this morning, a bat pattern completing right a daily structure zone on the hourly chart. Stops above X, targets as usual for harmonic patterns.
If you want to share your idea or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Price action has pushed up to retest structure at the 142.000 lvl. In doing so has formed a Bat Pattern D leg completing at 142.314
Taking 2 Targets
1st target 140.946
2nd target 139.979
Have a bearish bat pattern formation currently formed from this recent massive spike to the upside. this could be a good signal/indication that wee will get a pullback for the market to recover.
i have taken 2 short positions
1st Target is 0.88141
2nd Target is 0.87641
Price action has formed a Bearish Bat formation after its recent pullback into a previous support area 110.700. which also is a 0.618 fib retracement area!
Currently have taken 2 positions looking to take first targets off at
1st target : 109.932
2nd target : 109.114 (second target will be trailing my stops!)
Have a valid bat formation D Leg has already completed and have entered the trade late looking to take 2 targets as usual
TP1: 0.74762 0.382 Retracement from the A to D leg
TP2: 0.74217 0.618 Retracement from the A to D leg
