In the daily chart, the market is retesting support area (~1.61350) now. In four hour chart, there are two bat pattern in the chart. The red bearish bat pattern provides a potential reversal zone (PRZ) from 1.62740 to 1.62610. The purple bullish bat pattern provides a PRZ near 1.60850. I assume the market is in a sideways trend which is between those PRZ. Because...
A bearish bat pattern is completed in Daily chart. It provides a potential reversal zone (PRZ) from 72.465 to 71.860. In the longer time frame charts, the market shows us it is in a downtrend, so this selling opportunity is a follow trend trade. I am waiting for more candlesticks show up, then I can confirm the PRZ is a valid resistance level or not. I will short...
A bearish bat pattern was completed on 10 Dec 2019 in one hour chart, it provides potential reversal zone(PRZ) 1.6990. And now, market re-test this PRZ again. I would like to short this market because RSI divergence happened which is near the PRZ. Please follow me to know my trade ideas everyday!
A bearish bat pattern completed in four hour chart. Market shows us a double top pattern, it is near the potential reversal level (109.574) which is provided by the bat pattern. The main reason of why I enter this trade because the high point in the daily chart, which was created on 29 Nov 2019, cannot close the candle higher than the past high point, which was...
In daily chart, market shows us a bearish trend line clearly. At the same time, there are two bearish bat patterns in one hour chart. The first one is the green one, it provides potential reversal level (PRZ) from 1481 to 1480, another one is the yellow one, it provides PRZ is 1484. I will use 1484 as my sell order entry price because I want the best risk reward...
A bullish bat pattern retests the potential reversal zone (PRZ)(1.35618) in daily chart. In the longer time frame charts, the market shows us it is in a uptrend, so this buying opportunity is a follow trend trade. As long as market doesn't break the X point of the bat pattern, I will define this buying opportunity as still vaild. I will wait for double bottom as a...
A bullish bat pattern is waiting to complete in daily chat, it provides potential reversal level (PRZ) from 15.55 to 15.20. At the same time, there is an AB=CD pattern in the same chart, it provides a PRZ (around 15.55), which is similar to the bat pattern's PRZ. With UK General elections is coming on 12 Dec 2019, the markets may become choppy in pound market that...
Four hours chart shows us the market is in sideways trend. There are two bullish bat patterns in four hour chart, the first one is the yellow one, it provides potential reversal level (PRZ) from 0.89840 to 0.89800, another one is the blue one, it provides PRZ from 0.89920 to 0.90000. The market is in up trend because we can see that market is creating a few higher...
A bullish bat pattern almost completed in one hour chart. This market is in down-trend in daily chart , so this buying opportunity is a counter trend trade. The main point in this trade is whether the support level(~1455) will be valid again or not, then the price goes up. Because there are two long bearish candles in the chart, so I need clearer confirmation...
A bullish bat pattern within buy zone in four hour chart. I will use potential reversal zone bottom 1.44820 as my buy orders entry price. This market is in up-trend in daily chart , so this buying opportunity is a follow trend trade. I will back to this chart after the release of unemployment rate from the Canadian government tomorrow (6 Dec). Please follow me if...
Market retests the bearish bat pattern in four hour chart, the potential reversal zone (PRZ) is between 58.47 and 58.05. There is also a bearish bat pattern, which completed in one hour chart which has a similar PRZ ( 57.98-57.77). One of the topics discussed in the meeting that OPEC holds this week is whether delaying cut extensions or not, therefore, the market...
A bearish bat pattern within sell zone (red box) in four hour chart. I will set 75.400 as my sell order entry price. But unfortunately, if I consider the high point (~75.980) in daily chart, my stop loss level will be far away from the entry level. For me, I don't like this situation because I don't have an ideal risk reward ratio in it. However, traders can...
A bullish bat pattern within buy zone (grey box) in 15 mins chart. It is a follow trend trade because you can see a up trend in Daily and 4 hour chart. Please note that an ideal stop loss should be lower than the bottom of buy zone. Please follow me if you want to know my daily trade ideas!
A bullish bat pattern completed in daily chart. It provides a tight potential reversal area(1.70890-1.70800) for me to long this market. Market tested this area as support resistance level in End of December 2018 and May 2019. I need clearer confirmation signal to decide whether i would enter the buy orders because the market did not test this area...
A bullish bat pattern within buy zone in one hour chart. I would like to use potential reversal zone bottom 1.0992 as my buy order entry price, because I will have a better risk reward ratio. This set-up is based on if the market would test the support area (~1.0994) successfully and price would go up. If it happens, I will define EURUSD is in sideway trend. My...
A bullish bat pattern within a buy zone(red) in 15 mins chart. There is also a bullish shark pattern in one hour chart, which show me a similar potential reversal zone. If I can get confirmation and open sell orders successfully, I will extend my TPs.
A bearish bat pattern completed in H4 chart. I opened sell order in last week, now the market back to potential reversal zone (1.33120-1.33020) again. Traders can consider this setup after doing risk management. In this setup, traders can mark a beautiful stop loss by using three high points (~1.3338) in daily chart and get a nice risk-reward ratio. Please follow...
A bullish bat pattern is almost complete in H1 chart. Notice the market tested potential reversal zone (PRZ)(0.67770-0.67740) as support and resistance level in late September to early October, but recently PRZ is a new lower low point in this market. Although traders can mark a tight and beautiful stop loss for this setup, please remember it is a counter trend trade.