USDJPY has been on a bearish run and if you are looking for a shorting opportunity, you might be interested to look at this trading ideas.
A Bearish Bat Pattern completing at 104.07 will be the earliest level for traders to look for a shorting opportunity.
On the Daily Chart, GBPJPY retest on its previous high, and hit a retracement on the 4-hourly chart which currently sit on the buy zone. If you are looking for a buying opportunity like myself, you can wait for the Bullish Bat Pattern setup complete at 140.57. Setting a pending order for this setup isn't wise as Point C touches A, that can often denote a warning...
Well, some asked how do I know the level of rebound even before the fall happens, well that's not the main focus here.
It is important for traders to identify real traders that share their analysis before market movement than those who flaunt their trading results & luxurious lifestyle.
The main focus is at this moment the market presents a good buying...
This Bat Pattern is quite a highlight for me. I'm waiting to engage this trade only after Monday 11Jan21 1200hr(+2GMT) which is 6pm Singapore time. The preferred entry price is at 81.94. A lot of people may know harmonic patterns but they aren't aware of the rules and filters that's why the results that they are getting are not optimal.
The best part of this...
My bias in shorting USDJPY still stands, in fact on Monday morning I may just engage a trend trading trade by shorting USDJPY on this Shark Pattern as long as the market didn't gap away from the current price. What's nice about this setup is that not only the shark pattern form within the sell zone it is on an RSI Divergence.
Well For traders who have missed this setup then you might not have joined us on our Wednesday Live session.
Well, there's another opportunity to engage the shorting opportunity as long as it has not hit the Head and Shoulders completion level. The level that you can wait for a re-engage level is at 0.7177.
GBPUSD offers 2 different approaches to traders if the candle touches the trendline without breaking and closing below the trendline I will wait for a buying opportunity.
However, if the market reverses to 1.3660, I will head for a shorting opportunity on this trading setup.
There is a couple of strategy on EURUSD, the most recent will be the AB=CD Pattern that completes at 1.2070. The aggressive trader can wait for the candle confirmation signal to engage, while conservative trader can wait for a double bottom with RSI Divergence to engage this counter-trend trade.
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...
For NZDUSD it's pretty straight forward, an emerging Bullish Bat Pattern looking to complete at 0.7165, you can wait patiently for the pattern to consolidate at the Point D completion for a buying opportunity or a shorting opportunity towards the bullish bat as 1 of your target level.
Be a thinking trader, but before you do anything adventurous, test it first and...
Retracements are shown in post Brexit for both GBPUSD and EURUSD. On the daily chart, GBPUSD has a brief break and close above the recent high before making it way to its retracement.
On the 1-hourly chart, there's an inverted descending triangle formation which could probably break and close below the bat pattern formation.
If the market retest the trendline...
A perfect scenario for this week trading setup on EURUSD will be a retracement back into the consolidation zone(grey box) and giving us a long shadow candle for us to engage for a shorting opportunity.
It will be better if the trade stretch towards the harmonic patterns, in this case the bullish crab pattern that was a perfect buy zone as it is on the support...
Well before you went all crazy about this, this AB=CD isn't your regular harmonic pattern. I have this trading strategy that I said it's an assume but not assume technique.
First, we assume the equal distance retracement happens, which lag of better word I use AB=CD. The part that we don't assume is that we can't short it from C as the formation isn't...
The bearish bat pattern has hit the target2 for the textbook case, as for us it's only our 1st target(we don't do it every time, only when it fits our criteria).
If you have missed the previous trade, at this moment within the sell zone it's the area you can consider. Pro-Traders you may like to consider a zone for your additional shorting opportunity.
Nice gap up from market open today, and right now the market hit the consolidation zone within the bat pattern. It's a great area for traders to consider for a shorting opportunity as a counter-trend trading trade.
Hey, USDSGD is a pair that I don't usually trade but observe occasionally at it is a counter that aids the decision of my withdrawals.
If you are looking to withdraw the level at 1.2997-1.3107 candle close on the monthly chart is quite important, that level needs to hold if not a potential of it to fall to 1.2762 is possible.
Traders like myself will have to...
CADJPY has this beautiful 5-0 pattern that respected the HOP(Harmonic Optimal Price) Level and hit a bullish trend within the PTL(Profit Trend Line). Late boomers that didn't get to engage the trade can consider to long once the candle touches the trendline but not breaking and closing below 80.55.
