Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out.
For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on...
Heres another Bat pattern formation on NZDUSD 1H chart. Actually still valid to enter if you missed this, as we haven't broken below the X point yet, so better Risk Reward if you enter now.
Hoping for 2 targets on this bat pattern and in line with underlying market trend.
On a side note, Happy New Year everyone!
Technicals ( Bearish ) - Price has just tested resistance zone and showing signs of bearish momentum , the divergence provides confluence. Market is a strong down trend aswell, expecting a breakout of the 8660 area
Fundamentals ( Bearish ) - European Central Bank (ECB) signal more quantitative easing, however it is unsure whether this will be effective reducing...
Technicals (Bearish) - Price has just tested resistance zone and showing signs of bearish momentum, the divergence provides confluence.
Fundamentals (Bearish) - Increasing speculation around USD rate hike provides more bearish momentum for the pair.