Trend Traders, there are many opportunities for you to hop into the trade. I will be sharing 2 of the most obvious setup, the Bearish Bat Pattern that completes at 1.0155 and the Channel within the potential Bearish Flag formation. It is important to wait for candlestick confirmation before engaging in the trade.
A trend trading opportunity for trend traders, a Bearish Bat Pattern present itself. When we see V-bottom setup, it is important to wait for candlestick pattern confirmation. A conservative setup like 3-bar reversal will be good for most traders.
CADJPY is on a Bullish Trend on all 3 major timeframes. A Bearish Deep Gartley Pattern may allow counter-trend traders to short the pair at 106.27. Before engaging in the trade, it is important to wait for the 3-bar pattern confirmation.
EURJPY has the most interesting trading combo. Traders can check out its chart, from the 1hourly chart to the Weekly Chart. It shouldn't be too hard for you if you are a trained Harmonic Patterns trader. The Bearish Butterfly Pattern completes at 141.88, be patient and wait for the 3-bar reversal pattern.
It is a joke to read that; "The US Dollar dipped on CPI data"; or "The US Dollar dipped on inflation". If you have been following us, you should know that the Buy Zone(Blue Box) has been there for a long time. Yes, the dollar is still bullish; some may argue that it is due to Yen's weakness, but you can check other Dollar pairs and compare on its daily...
The Daily Chart's Bullish Bat Pattern coincide with the 4-hourly chart AB=CD pattern that completes at the HOP level at 1.1824. This is a counter-trend trading setup; a minimum of 3-bar reversal is required, especially in times like this.
EURUSD is on its bearish run on all 3 major timeframes, the daily, 4-hourly and 1-hourly timeframe. Check out the bearish channel drawn on 10Jul, link at the bottom of the TradingView post; you can observe that when you drew the channel correctly, you can see the market respect the channel by stopping and reversing at the end of the channel. That is when you know...
Well, I hope the Bullish Deep Gartley will not be a valid pattern because I'm pretty involved in the Potential Head and Shoulders Pattern setup. The candlestick movement never fails to amaze me. Look at the related ideas in TradingView, and see how the candlestick pattern stops, pauses, and reverses on the dotted line that I had drawn in advance. As a mature...
EURJPY has a potential Bullish Shark Pattern that is completing at 136.48. This may allow traders that have missed the Bullish Bat that coincide with the AB=CD Pattern that complete on the daily chart and has its first target of 441pips attained.
USDJPY is far from dipping or crashing, at least not now. However, counter-trend traders can wait for a shorting opportunity at 134.89 on a Bearish Shark Pattern setup. Traders need to wait for further confirmation before jumping into the trade.
Structure Trader, you might have an opportunity to engage the GBPUSD on a structure based trade and to engage your counter-trend trade on the Key Resistance Level at 1.2179.
When it comes to the Daily Chart, EURUSD is still on a Bearish Trend, however, on both the 4-hourly and 1hourly chart, EURUSD is on a Bullish trend. A Bullish Bat Pattern is completing at 1.0221, which is great for intra-day trader. That said, I will still wait for candlestick pattern confirmation as Point C touches Point A.
Are you amazed how the market paused and reversed at the dotted line I've drawn? Trading isn't hard, you just have to find the right mentor to guide you and achieve the common goal, to profit from the market. Check out the link at the bottom and witness how the market pause and reverses at the dotted line.
A potential head and shoulders setup that could provide more than just the regular target taking. I'm waiting patiently for the market to dive another 20pips more, and I will observe how the market interacts on the dotted line.
Finally, the EURUSD retest its entry area before hitting its projected target. This Bearish Bat Pattern setup give trend traders an opportunity to engage the trade. What I love about this setup is that it has an RSI Divergence within the setup.
A Bearish Deep Gartley Pattern is completing at 165.74. It is a level that will attract lots of counter-trend traders to look at.
Being conservative in approach means there is a chance for you to miss your trade. The Bullish Bat and AB=CD Pattern retest price could go as early as 135.02 a much more conservative trader might wait as far as 134.06 before engaging the trade. This is a perfect example for you to decide on your trade plan. Engaging early could be that you have a higher chance of...
With no mistake, USDJPY is on a Bullish Trend, but that doesn't mean we can't look for a counter-trend trading opportunity. We have a Bearish Crab Pattern completing at 135.58 on the 1hourly chart. On the 4-hourly chart, there is a potential Bearish Bat Pattern that has the potential of completing at 136.59. Knowing that this is a counter-trend setup, a...