A Bearish Shark Pattern has shown up and is complete at 1.3952 which is nicely seated within the consolidation zone between 1.3947-1.3957. However, that Harmonic Pattern will not be the immediate trading opportunity. What you can expect on Monday market open will be the sideway bounce setup between 1.3878-1.3799. A double top with RSI Divergence and a 3 point...
Don't underestimate the earning potential when the market is moving sideways, always assess the market before giving up on the trading setup. What if I tell you that this bounce has a 60pips range? Now, will you be interested? I'm waiting for a retest at 1.1759 for a buying opportunity.
Well, if you have read this week analysis on GBPUSD, EURJPY offers a better sideway bounce setup. Comment down below if you know the reason behind it. I'm waiting for a buying opportunity at 129.67, alert has been set for a buying opportunity.
GBPUSD has a sideway bounce formation on the 1-hourly chart but I would say the EURJPY sideway bounce setup is a better setup, check out my trade-ideas profile for the setup. On GBPUSD a minimum setup will be a Double Bottom with RSI Divergence for me to engage a buying opportunity. Conservative traders will place stop-loss below the low of the circled shadow.
Double Bottom on Demand Zone is a great opportunity to long. This trade has been discovered from my 5Range Bar setup and I post it on M15 chart because TradingView can't share the market movement on 5Range bar and for me M15 is the 1timeframe higher setup than 5Range.
I hope you didn't miss the trade that I've shared last week on the Double Bottom retracement trade, it bring in a good 80pips run which is 800USD/lot traded(link at the bottom). Well, this week trading idea is simple, wait for buying opportunity on the blue line and shorting opportunity on the red line. You can check out my student's view on the link...
A bearish Bat Pattern appears on the 4-hourly sideway bounce formation. I've almost missed this trade as there's a gap down with a different candle on Point C that's painted on my Live Trading Account on my MT4. It is a good practice to cross-check your charts on Monday especially when there is a gap, these are good practices of a trader. I've engaged the trade...
A buying opportunity on USDCAD presents itself as a sideway bounce setup. Trade has engaged.
Having a sideway bounce setup before market close for Xmas, pose 2 possibilities, a break and close above or a reversal trade. The opportunist can look for a shorting opportunity as it gives great Rewards and the conservatives traders can wait for a bearish engulfing as a further confirmation to engage the trade. Which is your profile?
While USDJPY has a bearish overcast, it does give counter-trend traders a buying opportunity once the market has extended towards the support level of the sideway bounce formation. I'll be waiting for a double bottom with RSI Divergence to engage the trade at 103.72. If the trade was engaged, 103.94 will be the level that I will watch closely if a break and close...
USDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major restrain comes in at 104.20 which happen to be the midpoint of the 2 levels. The RSI overbought(shorting opportunity)...
Bearish Bat Pattern check-back on the resistance level. I will observe closely how the market reacts to the resistance level.
Waiting for a retest of the trendline to look for buying opportunity.
Spotted a trade that gives great Reward is to Risk Ratio. A classic example of no risk no gain. What's your take on this?
A bearish bat pattern sideways trading opportunity waiting for a checkback to 1.0977 for a shorting opportunity. Target1 as shown but on my second target I'm going to stretch that.
A sideways consolidation on the daily timeframe which indicates by the big green box, there is a bullish bat has triggered on the 1-hourly chart. Traders who are looking for a buying opportunity can wait for a retest at the entry price which the chart indicates (Terminal) for a type2 trading opportunity.
A TypeII Bullish Butterfly Pattern setup for a buying opportunity and if the market head up we have a bearish crab setup waiting for us, it will be an interesting week ahead.
The big green box is the sideway bounce on the daily timeframe. A bullish shark check-back set for a buying opportunity. If the market head up to the 5-0 pattern then a shorting opportunity may present itself.