Sideway bounce is 1 of my favourite setup, 4-touches, 2 on each side is great it seems idiot-proof setup. In order to have a positive outcome on this trade setup, the Stop, Entry, Targets(Sets) is important. Pending order is in, let's see how this trade goes.
Another sideways bounce setup on this trade, on a 15-mins chart providing an intra-day trading opportunity. Have you spotted it?
The 3 level that I was waiting for buying opportunities still stands and it's on my last week analysis, you may check the link below to refer on it. Right now, let's look at the #1 buying opportunity, the red and blue line will act as support and resistance for now and I will be using my filters to wait for entry confirmation to engage the trade, which comes to...
A bearish crab formed within the sideways bounce(red rectangle), if a break and close below the box could have an indication of a potential bearish flag pattern. Trade has already engaged and shared with my community on Friday, let's see how this trade turns out.
The USDJPY has a bearish move on the 1-hourly and 4-hourly chart. Between the sell zone(4-hourly) and buy zone(weekly) area is a good 255pips range, if there's a range-bound trading opportunity within the area, it could give an excellent trading opportunity.
A support level on the daily chart happens to be the Harmonic Optimal Price(HOP) of the bullish butterfly pattern on the 1-hourly chart, and it is set up for a countertrend trade. It does provide a great reward: risk the only thing is that on the daily chart, it is also the consolidation of a bearish bat after Point D completion. Just remember not to overtrade...
EURUSD is entering a sideway bounce or to some, it is a rectangle formation. Either way, the market will get out form the consolidation in either way. Breaking and close above the resistance or below the support. It does provide the countertrend trader with a great Reward: Risk if trader considers to Long the market. Do your own analysis on this and to receive...
A 5-0pattern has completed, congrats to all traders who had long it. I'm looking for a type2 bearish shark setup. On the 1-hourly chart, I can wait for a double top to engage the trade within the new supply zone as a sideways trading opportunity.
Look at how the market respected the supply zone and slide down. The trade wasn't entered due to the UK General Election, I will be waiting for a retracement or retest of the high to engage the market.
A bearish bat setup within the sideway bounce and within the type2 bearish shark setup on the 4-hourly timeframe is like the most amazing setup that enables me to stack trade. Yeap, that's the new term I'm calling it, low-risk, high-return. Having any consolidation before the near completion of the pattern worries me and got me really uncomfortable. I will need...
Sideways Bounce setup already shorted the market, a good 1:1 Reward: Risk. Consider as sideways trading or a trend trading off the higher timeframe 4-hourly and daily.
Bearish Bat setup on the tip of a higher timeframe sideway bounce. Looking for shorting opportunity at Point D completion. Exact Stops and Targets will be share with my subscribers. In just the month of Oct, we shared a total of 2,333pips of net profit. In order not to miss another great trading ideas again, just subscribe to us at the link below: forex100academy.com
GBPUSD shows a persistent downtrend, however, it is well supported at the Blue Line, breaking below and closing below the blue line may hint a further downward movement. Within the Red Box is the sell zone and within the Green Box shows a sideway bounce movement. It will be a good consideration for counter-trend trader to see if their trade plan fits into the...
Bullish Bat Pattern on this H4 Chart pose a counter-trend trading opportunity within the sideway bounce zone. The market has gone beyond point D but is still within X. This is definitely not the best Bullish Bat Pattern setup but traders can look to engage once the H4 candle close at or above 143.68. Do manage your risk well, the exact stops and targets will be...
Bullish bat formation on a sideway bounce setup. Great to look for long opportunity as it produce great reward is to risk ratio. However, do take note that the initial risk will be higher than usual. Exact Stops, Entry and Targets send to my inner-circle.
This setup may give a shorting opportunity. However, do note that Tuesday will be the US mid-term election and then candle movement before this shows a strong bullish movement. I've found an conservative way to engage such trade and the entry, stops and targets will be shared to my inner circle.
The sun indicates the level I am waiting within the green box to look for a buying opportunity. I will need confirmation for entry and most likely 2 entry for this trade.