If you have been following me, you would know this is not the kind of Trade I'll be sharing. But there you go. Shorting on the Red Line and Turning your shorts to long once it has a pattern confirmation on the blue like is where you get to long the same pair. It's kind like free money, until it doesn't work. If I have to pick a side, I will focus in looking for...
The Type2 Bearish Bat Pattern has formed a Sideway Bounce in the process. It produced a potential 55pips of profits potential, which is a pretty good deal for a 1hour chart trading opportunity.
This is the kind of trading setup that I used to shout! FREE MONEY!! It's a sideways bounce formation; as the name implies, I expect the market to bounce between the two zones, the red and blue zones. The profits are pretty good, given that it is a 15mins chart, it produces a potential of 56pips(approx 560usd/lot). With that, risk management is essential. Don't...
A potential sideway bounce setup on CADJPY can be seen at 109.24 for a shorting opportunity. For this to be a valid sideway bounce trading setup, I've to see a 3-bar reversal at 109.24 and naturally, one of the levels for trading consideration will be at 107.46.
Regarding the overall trading setup, I'm waiting for a Buying opportunity on the EURUSD. EURUSD is on a sideway bounce setup, so I can wait for a buying at the blue solid line(0.9739) and shorting at the red solid line at(1.0082) for a trading opportunity. Aggressive traders can wait for buying opportunities within the Demand Zone /Blue Box at 0.9843.
A sideway bounce setup is on the 1-hourly chart. This is one of the best setup for counter-trend traders, for them can wait for shorting opportunity on the red zone and buying opportunity on the blue zone. With that said, trading confirmation is necessary.
A Bearish Shark Pattern completes at 1.1650 which coincide with my 4-hourly chart, sideway bounce setup, a classic trading setup that I've been trading on most of my trading life. With that said, a candlestick pattern confirmation is still required.
The Bullish Bat setup could allow counter-trend traders to engage in the trade. Before you get all excited on the Bat Pattern on the 1-hourly timeframe and potential sideway bounce setup on the 4-hourly timeframe(related ideas within tradingview post). The Bearish Crab Pattern that was completed at the HOP level is a valid setup and it had hit its first target...
Although this is not my usual Sideway Bounce setup, I do recognise that the market has created an important support level for trend traders who are looking for buying opportunities to jump right into it. Since the setup is on the 1hourly chart, 8 am (GMT+8) is a good time to look at this setup for further confirmation.
USDJPY has lots of interesting trading opportunity. Start off with the 1st zone of the staircase formation. The Green Zone(1st Zone) you can wait for shorting opportunity at the top of the box and buying opportunity at the bottom of the box. The second chance to engage the trade is when the market retest the trendline but fail to break and close below it. The...
On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the...
I'm waiting for a double bottom to complete at 1.3446 for a buying opportunity, as long as it never breaks and closes below 1.3419, it will be alright for me to head in for a buying opportunity. I'm into this double bottom trading opportunity, partly is because on the daily chart the market is showing a sideway bounce setup, and this is 1 of my favourite trading setup.
On the daily chart, GBPUSD has a Bearish Channel, that's great news for trend traders and trend following traders. For Counter-Trend traders, the 1-hourly chart has a pretty good setup for a buying opportunity. If you have seen my video analysis, you would have known that I prefer to apply my sideway bounce trading strategy on GBPUSD over EURUSD and 1 of the...
On the daily chart, EURUSD has broken and closed below the support. However, the 1-hourly chart, it presents a different view. There are 2 potential development over here 1) A sideway bounce setup that gives selling opportunity on the red line and buying opportunity on the blue line 43pips opportunity on the 1-hourly chart is not too bad. 2) If the candle breaks...
On a bigger picture, GBPUSD is also on a sideway bounce setup but what it is very different from EURUSD is that GBPUSD respected the structure better than EURUSD and GBPUSD is at its Weekly Support Level. Traders who are looking to short GBPUSD can wait for a Bearish Shark Pattern complete at 1.3790 for a shorting opportunity as a trend trading trade.
EURUSD is having a sideway bounce across all 3 timeframes. I"m waiting for a buying opportunity on EURUSD Bullish Bat retest within the blue box which is also known as the PRZ(Potential Reversal Zone).
There is a sideway bounce trading opportunity that offers 73pips of potential profits. There is a potential that a new Bearish Bat pattern forms up at the same price of what you see on the 4-hourly chart.
It's interesting how AUDUSD transform to a sideway bounce setup that offers a buying and selling opportunity on both extreme end of the Green Rectangle. Waiting for the 1hour candle close to decide on the trading engagement.