There is a BULLISH BAT on USDJPY H1 timeframe with D leg completion at 111.740.
Entry: 111.760
Stop: 111.250
Target 1: 112.880
Target 2: 113.600
This is how I trade a bat pattern.
1) Identify pattern completion point, D.
2) Place an entry order just above completion point.
3) Place stop loss around 10-15 pips below X.
4) Place profit target just below the 61.8%...
There is a Bullish Bat and a Bullish Cypher pattern with D leg completions in a very similar area on AUDUSD H1 timeframe. Both patterns will complete just below 0.74. Fibonacci levels have been left off the chart are it would be very confusing and overlapping with 2 patterns so close together.
Bullish Cypher
Entry: 0.73990
Stop: 0.73600
Target 1:...
Hi Trader,
Thanks for checking out this trade idea. Appreciate the thumbs up!
This is highly correlated with the GBPAUD trade I just posted. It is the exact inverse of that trade setup.
See chart for entry and exit levels.
If you don't have a trading plan, please get one. The biggest help to my trading was when I REMOVED ambiguity in my decision making.
Good...
Hi Trader,
Thanks for checking out this trade idea. I appreciate the thumbs up!
Here we have a valid 2618 trade setup on the Pound/Aussie. See chart for entry and exit points.
As I have noted on the chart this is a double bottom, I am therefore looking for a pullback to the 61.8% for a buying opportunity. I trade the 2618 aggressively, as such my orders are...
