Alternate Bat
EURJPY: potential bullish alt batHere we see a potential emerging alt bat pattern, the completion point should be near 113% XA around 115.8.
If this is the case, a buying opportunity will be present at these prices. Stops with a 40 pip risk should keep our position safe.
Total risk should be no more then 3% of your capital on any particular trade.
Good luck to all trading EUR/JPY
Trade Ideas Position: NZDJPY BatAfter a massive drop of NZDJPY, a bullish bat pattern is a form as a counter-trend trade. On the little blue box is the area that I see as a demand zone. I'm waiting for the retest of the low before considering engaging the trade. A trade from the daily chart may take up to 2weeks to hit the final target profit area.
If the market travel to the HOP(Harmonic Optimal Price) level, the setup will still be valid.
XAGUSD ALT Bat Is Ready for Deep sleep TechnicallyThe Alternate Bat Pattern is a precise harmonic pattern discovered by Scott Carney in 2003.
The pattern incorporates the 1.13XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be a 0.382 retracement or less of the XA leg. The Alternate Bat pattern™ utilizes a minimum 2.0BC projection. In addition, the AB=CD pattern within the Alternate Bat is always extended and usually requires a 1.618 AB=CD calculation.
EURUSD Another Opportunity To Add To Long PositionsEURUSD Another Opportunity To Add To Long Positions:
If Price reaches this confluence zone, we have good opportunity to go long.
However it must first invalidate ALT Bat pattern 38.2 Fib level @ 1.11190
Confluence of:
1. ALT Bat Pattern 61.8 retrecament target @1.10643
2. 4h Cypher Pattern 78.6/127.2 @ 1.10740
As the EURUSD is shifting its trend, we are looking for full targets and roll up.
GBPUSD Long and Short PositionsAs expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe.
However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position.
Our original analysis to short at the completion of ALT Bat Pattern is still intact.
GBPUSD Turning Bullish, Bat Pattern Fails, Alt Bat FormsGBPUSD Turning Bullish, Bat Pattern Fails, Alt Bat Forms
1. GBPUSD is turning bullish on monthly time frame which can lead to 2 possibilities:
Bat pattern that has been formed but not completed yet (0.886 XA not touched yet) gets completed and then we get a bearish move
OR as 200SMA is just above, we get a bullish move in coming 2 weeks to complete ALT bat pattern at 2.618 Fib extension of AB which coincides with 200SMA nicely. Then it starts to retrace a bit to form a bearish candle.
2. I am expecting option 2 as 0.886XA has not been touched yet and the price has been forming a flag pattern too. That can give us a Long position on short time frame if this breaks 1.30115 level.
GBPCHF Bearish Alt Bat UK CPI AheadOur latest long setup has achieved the target zone.
Brexit optimism, relatively hawkish announcements from BoE and promising macroeconomic data from the U.K remain to be supportive for Sterling.
The U.K. CPI is scheduled to release 08:30 GMT.
A worse than expected CPI could trigger the Bearish Alt Bat Pattern.
HT Bullish Alternative BAT PatternWho likes to trade on Huobi Exchange should watch this Bullish Alternative BAT Pattern ! HT Already hit first target, but this coin is having high buy volume. Don´t worry jump into this trade and try to get some %%%. Reaction in PRZ was great. Targets, Stop Loss in chart :)