Bearish Bat
Trade Ideas Position: USDJPY Bear Butterfly over Bear Bat H1Shorted this trade, using SL base on Butterfly as the stop is still above the X leg of Bear Bat.
Taking conventional target based on Butterfly but Target2 I'm watching closely for the completion of Bull Shark.
This is what I call Pattern over Pattern
EUR/AUD Technical analysisThe EUR/AUD pair witnessed a steep bullish price action from the lows.
The RSI indicator is currently in an overbought zone.
The MACD histogram is also over-stretched.
Adding to that, the pair has bearish bat formation.
Hence we assume that the pair has made an over run and there is a good chance of throwback upto the support levels of 1.57270.
(Episode #168) EURJPY - Trade Ideas Educator (22AUG2018)Bear Bat setup and Pt D completes at previous support, turns resistance. I would need to see additional supporting reason like double top or falling wedge or at lease a pin bar at Pt D completion.
Reason being Pt C completion is a double top completion.
USDJPY SHORT - SYMMETRICAL TRIANGLE AND BEARISH BAT PATTERNHello guys,
As you see in my chart above there is a symmetrical triangle and bearish bat pattern on USD/JPY. I'm not used to harmonic patterns and not so sure about the bearish bat; but, its obivious that there is a symmetrical triangle happening. I would like to hear your opinions.
SL - is at breakout on top of the pattern
TP - 102
Dollar Index - Bearish Bat at weekly resistanceBearish bat has formed and has quickly rejected the PRZ which is a good sign the pattern is valid.
MACD histogram divergence and huge weekly resistance is still in play. It could possibly be broken given its been tested so much
This is the first time using harmonics on the dollar index so I am not taking a large position. Most likely this is a necessary retracement of the dollar before we can make one final leg to finish 2018 as we begin to see signs we are at the end of the current business cycle