Bearish Bat
CAD/JPY : BEARISH BAT PATTERN - POTENTIAL R/R over 2.00% 🔔Welcome back Traders, Investors and Community!
Analysis of #CADJPY
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Strategy: Bearish BAT With potential Max over R/R 2.00%
A clear chart is Always the best business card for a trader.
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Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
EUR/CAD :UPDATE BEARISH BAT PATTERN - POTENTIAL R/R 2.04 🔔Welcome back Traders, Investors and Community!
Analysis of #EURCAD UPDATE
If you have found this useful then help us support my page by hitting the LIKE button.
If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you
It means a lot to us!
***
Strategy: Bearish BAT With potential Max R/R 2.04
A clear chart is Always the best business card for a trader.
***
Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
$XPTUSD - Bearish bat on Platinum chartHi guys! 👋🏻
🔔 Harmonic pattern to watch - Bearish Bat 🦇
🔔 Posted for educational purposes, not to be considered as an investment advice.
🔔 Trade with caution today as both EU and US CB Chairman will be speaking, expect volatility.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
(Episode #419) EURJPY - Bearish Bat (29Nov2020)EURJPY is the most interesting setup for this week analysis. It has a head and shoulders formation on the daily chart, emerging gartley pattern on the 4hourly chart and a bearish bat setup on EURJPY 1-hourly chart.
When the market open we are going to observe if the market has a confirmation signal before we engage the trade.
Bearish Bat Pattern (DAILY)The Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001
The pattern incorporates the 88.6%XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 61.8%, preferably a 50% or 38.2% of the XA leg. The Bat utilizes a minimum 161.8%BC projection.
In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 127% AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
EURUSD - Bearish Bat - Harmonic PatternsBearish (perfect) Bat on an hourly chart.
Also, Shooting Star reversal candle on the downtrend.
Enter at 1.1807
Stop at 1.1835 (above X)
Take Profit 1 at 1.1794 (38.2% AD)
Take Profit 2 at 1.1775 (61.8% AD)
Beware of possible reversal at the support line (1.17954).
Happy Trading!
4H Bat Pattern @ Support [Ranging] - Potential Bullish Bat harmonic pattern to complete at support
- Support defined by a price action range that began in early August
- Past Support established on 8/5, then held on 8/6 and 8/18.
- 4H Candles
- Long opportunity: reward to risk of roughly 1.14 to 1.0
(including spread on entry, take profit, and stop loss).
- Potential Reversal Zone (PRZ):
- PRZ < 12%*
- 1.618 AB=CD
- 1.41 BC Ext.
- 0.886 XA Ret.
- Potential for Oversold on RSI
- Potential Bearish Bat on opposite side of range:
- If Subject Bullish Bat completes and take profits are hit,I'll be
looking to enter a short pos'n at the completion of the
Bearish Bat if price can reach the top of the range.
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IF YOU TRADE HARMONICS, READ THE ORIGINAL BOOK BY CARNEY. ALMOST ALL INTERNET EXPLANATIONS ARE INCOMPLETE
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