GBPUSD-Weekly Market Analysis-Oct22,Wk3A Potential Bearish Shark Pattern may complete at 1.1436 and a Potential Bullish Bat Pattern may complete at 1.0634. Although I am not optimistic of the completion of the shark pattern but it is important for you to know there is such possibility.
I would like to congratulate you if you manage the engage the Bearish Crab Pattern, make sure you have shift your stop-loss to entry.
Bullish Bat
Bat Harmonic Pattern - Made Easy For EveryoneThe BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs.
The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci retracement of the XA leg then it is a bat, otherwise it can turn into a cypher structure.
The market strategy of the pattern is suitable
GBPAUD - Bullish BatThe overall trend of GBPAUD is a Bearish Trend. You must know that the bearish trend is pretty strong with the current market condition.
However, there is a counter-trend trading opportunity; a bullish bat pattern has been completed, and at this moment, it is having its retest. You can wait for a 3-bar reversal pattern before engaging the trade.
USDJPY - Bullish BatTo all the crazy supporters of USDJPY, your chance to long this pair has come in an aggressive setup.
So why is this an aggressive setup?
The market has not reversed back to 143.09 to give further confirmation of the market movement. If you are a Bat Pattern Trader, you should know that.
I'd take this on an aggressive approach; remember to place stop-loss below X, which happens to be at the tip of the buy zone.
Beat the BATS - Harmonic Bat PatternsHi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, we'll look at a different way to speculate the next immediate price action of an asset : the Harmonic Bat Patterns. There is a really cool tool on the platform that you can use called the Cypher Pattern, you can find this in your d
SHORT BTC/USD!According to this analysis,
1.we can see an incomplete bullish bat harmonic pattern
2.broken long-term trendline
3.pull back to its double top (correction wave in lower time frame)
specially in lower timeframe we can recognize negative hidden divergence
Due to these reasons, I expect continuation downtrend...
So you can get a confirmation by your strategy and our tp will be 6000$ - 7000$.
Please comment and share us your ideas!
Bullish Bat On Underlooked Cannabis StockI do believ the Cannabis Sector will see a rally later on in the year and this appears to be a very nice place to take an entry on this particular stock.
ULong
EURUSD-Weekly Market Analysis-Aug22,Wk3When it comes to the Daily Chart, EURUSD is still on a Bearish Trend, however, on both the 4-hourly and 1hourly chart, EURUSD is on a Bullish trend.
A Bullish Bat Pattern is completing at 1.0221, which is great for intra-day trader. That said, I will still wait for candlestick pattern confirmation as Point C touches Point A.























