I'm not saying that trend isn't important, but on this particular trade, it is NOT. And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign. My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the...
I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the trade. If you are waiting for a counter-trend trade, the Bearish Bat Pattern on the daily chart(right) 149.12 seems like a better trading setup...
This is how I've identified the GBPUSD is going higher than most traders. If you look at the weekly chart, you would have spotted that the candle broke and close above the previous high; that gives me a sign even before it broke the current structure, and I've been saying that for over a month now. I'm focused on getting the buying on the buying...
Look at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the bigger picture, EURUSD is on a Bearish Move. I'm not saying you can't make money if you have bought EURUSD, but you shouldn't stretch your target when you...
This is not a lot, but it is something, at least the second target has a good Profit Factor. I'd engaged the Bullish Shark Pattern and if you have noticed, the market is on a sideway movement, which is great for counter-trend traders.
As the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on...
If you had read last week's analysis, you would know I've been waiting for a buying opportunity on Major Support. Now that the Support has broken, I'll be waiting for a shorting opportunity, and what is needed is a retest of previous support(1.3305), which turns resistant. A better way for me to engage the shorting opportunity is to wait for the Bearish Shark...
My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level. If you are looking for a counter-trend move, I've something for you....
Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease. I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity. If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have...
I'm waiting for a shorting opportunity on the EURUSD, and the best trading setup I could be waiting for is the retest of the previous resistance at 1.0960 on the 1-hourly chart. If you are waiting for a buying opportunity, the support level on the 4-hourly chart, 1.0863, could interest you. What is your trade plan? Comment down below.
This trading setup provides 1 of the Best Profit Factor. But because of how the candlesticks interact on the PRZ(rectangle box) it is also the most dangerous trading setup. On the 8-range bar chart, there's a Deep Gartley Pattern setup, and on the 4-hourly chart, a Bat Pattern setup. Both setups is now resting at X. If you are new to trading, avoid this trade....
The USDCAD is on the Key Support Level on the Weekly Chart, Daily Chart, 4hourly chart and 1-hourly chart. This is unique because if you had used our definition of breaking of structure, you would have realised that the support wasn't broken even when the market had come down for 92pips on the previous low but failed to close below it. The support level that I'm...
AUDCAD has a unique setup that I'd not seen before. We have shark patterns from the Weekly chart to the 1-hourly chart. This is a clear sign of sideway increase volatility, a situation I DID NOT trade when I started trading 18years ago, not until I found the Shark Pattern trading strategy 12years ago. I'm more comfortable waiting for the Shark Pattern form up...
My long-term bias on Dollar Appreciation had not ended, however, that doesn't mean I can't short the Bearish Crab Pattern that was completed at 140.42. If you had traded this, it would have given you 106pips(approx. 1,060usd/lot) of running profits. If you are like me, having the bias to long the USDJPY, the Bullish Gartley Pattern that completes at 137.84 could...
This could be for you if you are waiting for a counter-trend move. A Bearish Gartley Pattern is expected to complete at 1.2605, but the earliest for that is on 12 Jun 23, 1200(utc+3); any earlier than that, the trade would be invalid. If a break and close above 1.2605 occur, I will wait for an M.C confirmation at 1.2659 on the ABCD pattern. Both of these...
Overall Analysis on EURUSD is still on a Bearish Move; however, this week, I expect a substantial pullback(bullish movement on the EURUSD off the lower timeframe. If you are looking for a buying opportunity, wait for the Bullish 5-0 Pattern to be completed as early as 1.0723.
Low Risk, Good Return Trade A Bearish Shark Pattern has shown up on the AUDUSD 4-hourly chart. As it is not the best trading setup but the second target produces a healthy Profit Factor of 2. I've shorted the Shark Pattern as it coincides with the 1-hourly chart 3 drive formula. This is possible because we use our in-house A.P.E framework and this is known as...
A combo trade, this is what I call it. A Bearish Shark Pattern appears on the M15 chart coinciding with the 1-hourly chart Wedge Pattern with a retest of resistance, allowing me to engage the trade base on the M15 chart but allow an extended target on the 1-hourly chart. As good as it sounds, I'll be placing my stop loss as per usual and will not overtrade this.