Harmonicbat
EURNZD Harmonic BAT Analysis and StrategyOn this pair we also see the completion of the bat pattern on the 4 hr chart which signaled us to buy the pair at the completion of the 4th leg of the pattern. Our take profits are set at the green zones. FX:EURNZD
EURNZD Harmonic Bat Analysis and StrategyWe see the completion of the bat pattern on the 1 hour chart. This completion of this harmonic pattern is a bullish signal. We currently have open long positions on this pair that are in loss, and one of these positions has a stop loss point at 1.6490. We are predicting a correction is expected from this zone and the position will not hit the stop at market opening. Although our strategy is to buy again if it does hit the stop because we predict a bullish move. OANDA:EURNZD
USDCAD H4 Bearish Bat Pattern Another clean setup on the USDCAD pair. This time we have the Bearish Bat Pattern completing at 1.3318 price level, which I am interested to add on to my existing long term position short.
Entry price: 1.3318
SL: 30pips above Point X
TP1 and TP2 as shown on chart
Extended targets at the completion of the Bullish Bat Pattern.
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EURNZD Harmonic BAT Analysis and StrategyEURNZD - On this pair we also see the completion of the bat pattern on the 1 hr chart which signaled us to sell the pair at the start of the 4th leg of the pattern. The position also moved as predicted and hit our take profit at the green zone. FX:EURJPY
EURAUD Harmonic Bat Pattern Analysis and StrategyThe pair has completed a bearish bat pattern on the 4 hour chart which signaled us to sell with take profit set on the green zones. OANDA:EURAUD
USD/CAD 4H Bullish Bat Formation @ 1.31000Here is my picture of what is happening here on this pair. We can see a massive drop in a bullish market from 1.36550 down to 1.32000, following that market has formed bearish flag pattern and broke it to the downside yielding nice profits and forming an ABCD pattern that actually yielded some nice profits as well. Now the next thing happening is market is forming a nice bullish head and shoulders pattern (dark red lines on the chart below),right above the trend line that has shown a hold in the past ,but not yet confirmed to be valid as only tested twice. All runs very nice and smooth until eventually H&S pattern has failed to reach the neckline and market rolled over immediately after that and now is potentially forming bullish bat pattern completing right at the trendline, which also happens to be a major structure level and even handle number. I wont even mention an ABCD pattern completing at the same level (not shown on the charts otherwise it would make everything too messy and I don't really like that :))
Now there is lots and lots of confluences around 1.31000 level, in my opinion this is a very very nice level to keep an eye for as market is approaching it and hopefully generate some buy signal for us so we can make some profits here as well.
I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :)
Trade your plan and good luck in the markets.
CADCHF Harmonic Bat Pattern Analysis and StrategyWe are predicting the Bat Pattern to complete as long as the red resistance zone is not broken. Our strategy is to trade the 4th leg of the pattern, but a break of the red zone will make the pattern invalid, therefore we will close our position. OANDA:CADCHF
EUR NZD Harmonic Bat PatternHarmonic pattern structure is confirmed. Long position can open from here.
CHF JPY Harmonic Bat PatternThere is possible bearish harmonic bat pattern in CHF JPY parity.
Short position will open at 110.149.
Targets are; 110.055, 109.997, 109,903.
CAD CHF Bearish Harmonic Bat PatternThere are two targets of this pattern. Stop loss can move to entry price when price reach the target 1. Important numbers mentioned in below;
Target 1: 0.75188
Target 2: 0.75013
Long Entry Price: 0.75477
Stop Loss: 0.75753
