Today, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern: 1. Weekly Chart RSI Divergence: - Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend. - This divergence might serve as a precursor to a reversal or retracement. 2. 1-hourly...
If you're navigating conflicting biases, here are two potential setups: 1. Bullish 5-0 Pattern at 149.96: Long Opportunity - Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96. - This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move. 2. Type2 Bearish Shark Pattern at 150.67:...
Today, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy: 1. 1-Hourly Chart: Shark Patterns at 1.2676 - Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart. - Look for a trading combo within the chart when the market retests the Trendline Break (red line). -...
I'm pleased to share an update on the EURUSD Type2 Bullish Shark Pattern trade. If you've been following my TradingView post, you might have already profited from the first target, and now we're looking at a potential second target. Here's the current strategy: - First Target : Already Profited - Second Target: Awaiting Fulfillment In the event of a...
I'm excited to share a trading setup on GBPAUD utilising the Sideway Bounce strategy. Here are the details: - Setup: Sideway Bounce Trading - Short Entry: 1.9324 - Long Entry: 1.9230 The Sideway Bounce strategy is a technique I've tested and traded since 2005, and I find it a comfortable and reliable approach. In this scenario, I'm considering a short position...
I'm closely monitoring GBPJPY for a potential buying opportunity based on the Bullish Shark Pattern. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 189.06 Given the recent decline in the JPY and the resulting upward movement in JPY pairs, I'm anticipating a bullish scenario on GBPJPY. The completion of the Bullish Shark Pattern at...
I'm maintaining my bullish outlook on USDJPY and currently eyeing a potential buying opportunity. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 150.09 It's crucial to note the presence of the Type2 Bearish Fib-3 Bat on USDJPY's Weekly Chart. While it signals caution, my focus is on the bullish scenario with the completion of the...
For those looking for a trading opportunity on GBPUSD, here's a potential setup: - Setup: Bearish Deep Gartley Pattern - Completion Level: 1.2726 The GBPUSD weekly chart has shown a bearish trend. The Bearish Deep Gartley Pattern completion at 1.2726 presents an opportunity for traders interested in shorting GBPUSD. Please share your thoughts on whether you are...
In our EURUSD analysis, we are identifying a potential shorting opportunity for counter-trend traders. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Retest Level 1: 1.0852 - Retest Level 2: 1.0874 The Weekly Chart suggests a weaker bull trading setup, and on the 4-hourly chart, a bearish trend is...
In our NZDJPY analysis, we are observing a potential shorting opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Level: - Entry Point: Bearish Shark Pattern Retest at 92.07 The Daily Chart reveals a Bearish Gartley Pattern at X with RSI Divergence, suggesting a potential bearish...
In our GBPJPY analysis, we are observing a potential short-term buying opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bullish Inverse Head and Shoulders Pattern 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Entry Point: Trendline retest (Blue) - Caution: A close below the right shoulder would invalidate the setup. This setup presents a...
In our current analysis of USDJPY, two distinct trading opportunities emerge: 1. Fib-3 Bat Pattern Retest: - Timeframe: Weekly Chart - Setup: The Fib-3 Bat Pattern type2 on the weekly chart has already provided a profitable opportunity, and a retest is anticipated. This pattern has previously yielded a substantial 903 pips in 13 weeks. 2. Bullish Butterfly...
Let's discuss the trading plan for GBPUSD, and it revolves around the recognition of a Bearish Deep Gartley Pattern. This pattern, once confirmed, provides an optimal setup for a shorting opportunity. Here's the breakdown: 1. Trading Setup: Bearish Deep Gartley Pattern. 2. Price Reversal Zone (PRZ): Awaiting confirmation at 1.2725. Once the PRZ is...
Let's delve into the EURUSD trading plan for the upcoming period. The weekly chart suggests a weaker bull trading setup, signalling a bullish trend with some weakening. However, the four-hour chart paints a different picture, displaying a bearish trend. Here's the comprehensive trading plan: 1. Weekly Chart: Indicates a weaker bull trend. 2. 4-Hour Chart: A...
An intriguing trade opportunity has been identified on the 15-minute chart involving a type2 Bearish Gartley Pattern. While it may not appear significant on the shorter timeframe, looking at the Daily Chart provides a different perspective. Utilizing the Combo Trade Management System and targeting the first level of support can yield attractive returns. What are...
For those who are bullish on GBP and bearish on AUD, the suggested pair for trading and going long is GBPAUD. The trader is looking to long GBPAUD on a Bullish Gartley Pattern that is expected to complete at 1.9261. Emphasizing the importance of having a personal trade plan and trading accordingly. What's your trade plan for GBPAUD?
Those who went long on the NZDJPY Bullish Butterfly Pattern might have profited more than 100 pips (~1,000 USD/lot). The trader suggests waiting for a Type 2 Butterfly Pattern at 89.35 or a retest of support at 89.73 for a counter-trend buying opportunity. What's your trade plan for NZDJPY?
Despite a strong bullish candle, the presence of a Bearish Shark Pattern retest on USDJPY is intriguing. However, the trader advocates waiting for further confirmation to engage in a shorting opportunity on USDJPY, treating it as a retracement trade. What's your take on the potential trade for USDJPY?