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Last week the 5-0 Pattern was spotted and the trading opportunity was share in our group(link at the bottom).
The candlestick formation and RSI Overbought was not the only reason that triggers me to short the market, but also on the higher timeframe, the... moreLast week the 5-0 Pattern was spotted and the trading opportunity was share in our group(link at the bottom).
The candlestick formation and RSI Overbought was not the only reason that triggers me to short the market, but also on the higher timeframe, the daily chart (right) has a bearish bat setup.
Although, the bearish bat pattern has triggered alert of this trade is a No, No, I see there isn't any harm doing that as I'm getting a healthy RRR (Reward:Risk).
I had engaged the 5-0 pattern and plan for a 2 target approach, the second target that I am planning is no other than the Target1 of the bearish bat pattern.
But hey Rayn, I thought you were saying there's a warning sign on the bat pattern and you circle it in yellow?
Yes, having a warning sign means it's not ideal to engage the trade. However, I had an opportunity on a lower timeframe to engage it and I'm prepared to intervene in my second trade if the market shows the trend is going to reverse.
Let's see how this trade pans out, I have more plans to engage this trade. Follow us in our community and don't miss out another trading opportunity ever again.
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Last week the 5-0 Pattern was spotted and the trading opportunity was share in our group(link at the bottom).
The candlestick formation and RSI Overbought was not the only reason that triggers me to short the market, but also on the higher timeframe, the d
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