The bullish bat pattern is still valid, if the market head down and retest the entry price, I will engage a long trade after candle confirmation.
If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target...
Apologise to the English Viewers for missing out the bearish shark pattern for a better chance entry.
As mentioned on the video, this week GBPUSD on 12Dec19 there is a General Election, to me, this is as good as the 2nd referendum for Brexit.
I'm not so much looking at if Brexit party win UK Pound will fall or Brestay party win UK Pound will rise, is more of the...
A bullish bat pattern give an opportunity for traders who are into countertrend trade or trend reversal trade. On the higher timeframe, the 1st break of the high has occurred, will need another break to confirm the bullish trend.
On daily timeframe(check out video) an inverted head and shoulders gives trend reversal trader and opportunity to ride on a low risk,...
A bullish flag pattern has form up, I prefer to engage this trade when a retest of the base flag happens with candle confirmation.
If this is a failure pattern, there is a bullish shark at a much lower price(check out related ideas below).
A bullish bat pattern within buy zone in four hour chart. I will use potential reversal zone bottom 1.44820 as my buy orders entry price. This market is in up-trend in daily chart , so this buying opportunity is a follow trend trade. I will back to this chart after the release of unemployment rate from the Canadian government tomorrow (6 Dec).
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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...
The red lines that cut across the chart is the 4-hourly chart inverted descending triangle, not a typical setup I will trade for a breakout but surely a great reward: risk trading opportunity.
So, if you going to sell, where will be an even better price to engage the trade?
I head into 1 timeframe lower, the 1-hourly chart and spotted a potential bearish shark...
A bearish crab trading opportunity presents itself for a countertrend setup. A candle confirmation is required to engage this trade as that's how crab pattern are traded and this setup is above the supply zone.
A final break and close above the high on the daily chart shows the 1st sign of a potential bullish run.
A retracement and additional break and close above recent high will further confirm it. At this moment I will be waiting for this bullish shark to set up and head in for a trend reversal trade.
A deep Gartley or I will say trading at X, having the best Reward: Risk for this setup and the beauty of it, an arrow from my Harmonic Pattern Assistance (HPA) software has the shorting arrow showed up.
What's more important are the RSI Divergence as well as a great reward:risk for this trade setup.
A pretty bold move to engage for a short trade since the GBP...
A bullish bat pattern within buy zone (grey box) in 15 mins chart. It is a follow trend trade because you can see a up trend in Daily and 4 hour chart. Please note that an ideal stop loss should be lower than the bottom of buy zone.
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A roomful of bats. that's what I love to call it, but do note that if the bearish bat is activated the bullish bat will be invalid.
This also means that the market may move into a sideways consolidation.
Within the supply and demand zone prices are expected to have rebound.
A type2 bearish bat on a countertrend setup within the buy zone. A strong bullish engulfing candle definitely looks encouraging for traders who are looking to long.
The 2 red line is the next level of resistance that traders have to take note of.
I've already engaged in this trade let's see how the last month of the year roll out.
A bearish Bat setup on the 1-hourly chart and it is also the 4-hourly bullish bat final target, which I called it the harmonic range. As planned I have already shorted the market especially at this moment there is additional support on this.
Target2 is an extended target in this trend trading(daily timeframe) setup and a sideway market for the current setup.
A bearish Gartley set up just a bit shy of being triggered, let's just hope that this trade has not left without me.
I will need confirmation before engaging in this trade as Point C touches A, but when I do, I will stretch the target a bit because over trend of USDJPY is still bearish.