It is well consolidated on the marked support.
Soon we could see a well driven bullish pattern.
Keep an eye on this stock.
It can be effective in your trade.
Find a best buying position and hold.
Note: Patients is a key to success.
Follow for more alerts.
Happy trading 😊💪
Disclaimer: This is my personal analysis for educational purpose.I am not sebi...
We should be reaching the PCZ of a bullish ba pattern very soon. You could either wait for us to hit it or enter now as we are very close and don't get a big harmonic like this very often,
Stop below X and TP at the 0.618 retrace.
Daily: Three white soldiers - a sign of bullish phase coming up
Price is at HL after a HH phase, so wait for the next impulse up, price is in a bullish trend on a daily
If price breaks the trendline and the 4hr EMA with retest I will consider buying options
Divergence
A Bullish Bat usually consists of an extended ABCD Pattern.
Both 4-point & 5-point patterns provides a Potential Reversal Zone, which maybe tested completely & trend may reverse.
SL below PRZ.
USDJPY - Long
Possible bullish bat pattern forming
Completion down at the 105.000 even handle
TP1 - 38.2 Retracement
TP2 - 61.8 Retracement
TP3* - Wherever u want it to be or just let the position run as long as possible.
Any questions feel free to drop a comment or a message and il be happy to help.
Thanks
Ben
#PipGainFX
ENJIN Coin has seen 2 significant pumps, the first on 25-26 march and the second 8-10 march following news of their partnership with Samsung on their latest device.
As seen on the chart, ENJBTC has broken below the key resistance level which was 5500-5000 Satoshi to bounce right of this solid support level of approximately 4000 Satoshi.
We believe the pair will...
Pair has put in new structure highs yesterday and now potentially forming a Bullish Bat pattern providing a nice intraday buying opportunity in direction of short term trend. ATR based stops below XA leg.
Trade your plan and good luck in the markets!
Another reason why I love advanced patterns so much is that they let you identify potential trades long before the sell or buy signal occurs, all you have to do is sit back and wait for the patterns complete and even if they don't complete, no big deal, just move on to the next one they occur in all markets, no matter currencies, stocks, futures or commodities ....
This is why I fell in love with harmonic trading strategies. They work so well in consolidations like this, that sometimes you feel your self like a wizard able to predict reversal point with pip to pip precision. Although this might not be the best example as the first cypher pattern failed and my stops got taken out for that trade, however the next two cypher...
Following a recent swing down at the end of the last year, pair is now potentially forming a bullish bat pattern completing at 1.82725. If price comes down to this level then I will be looking for entry signal on lower time frame. When price is approaching this level RSI must be oversold and diverging to confirm buy signal. ATR based stops below the patterns...
After completion of Bull bat on 4h time frame,
Pair is now potentially forming a bull bat pattern on 1H time frame,providing another opportunity to get in for those who missed bigger bat completion on 4h.
ATR based stops below the bat starting point X.
Trade your plan and good luck in the markets.
We're looking for a huge push tonight when the eco data is released, if as expected JPY should weaken massively at 1:50GMT while the USD is pushing for the bullish momentum once more. This should be enough to break the 110.370 resistance area.
Bat pattern close to entering the PRZ. Wait for entry reason in green box. Profits at .382 & .618 level (which will vary with D point).
This also coincides with Daily Support level (below)
Looking at the H4 chart (just a little cleaner than the hourly but still valid on both), we could be potentially tracing out an advanced bullish bat pattern at the moment. If price action makes its way down to our entry at the 88.6% Fib on the chart then the pattern would be complete and you could enter long looking for targets 1 & 2 at the green lines on the...
