The USDJPY has a potential Bullish Gartley Pattern on the 4hourly chart that is completing at 130.76. Although it is early for us to even look at this but this is what I got on USDJPY for now.
This Bullish Bat Pattern could be a counter-trend trading opportunity for counter-trend traders. It is good to take conservative target for the 1st target.
Unlikely we will have any trading opportunity when market open on Monday, at least not with my tested trading opportunity. If you are patient, there is a Bearish Bat Pattern setup on the Daily Chart that is going to complete at 1.1090.
Head and Shoulders, is my favourite classic trading setup that I never treat lightly. This setup has an RSI Divergence which is a setup that I fancy, what's left will be a candlestick pattern confirmation before engaging in this trade and I could even ride my profit to the Bearish Shark Pattern completion using my upsize trade management.
This ABCD Pattern is special, the completion of this Bullish ABCD Pattern coincides with the 1 on the 4hourly chart and the amazing part is that the starting point is different and the retracement point, Point C is of a different Fibonacci retracement level. That's the part that made it special.
I will watch closely on the NZDUSD because when this trade gets...
I've mentioned for the longest time that the USD will keep appreciating, just look at USDJPY. There might be a chance of a retracement happening this Thursday, 2am(GMT+8) when the US bank interest rate is released, and if the movement break and close below the blue box(buy zone), we might have to reanalyse the market movement. For now, I'm waiting for a buying...
What we witness is the move that we had engaged and shared before the actual move was made in this Bearish Shark Pattern setup.
It took 2 weeks after completion for it to went past our target1, but the movement is worth it, a 348pips move and what the trader is required to do is to engage the trade, place the stop-loss and target profit level and wait for the...
After the Bearish run from the Bearish Crab Pattern, the market may consolidate at 1.0500 before the next move. At that level, there is a Bullish Bat Pattern that traders can wait for a counter-trend trading opportunity.
Conservative trader could wait for a retest before engage the trade.
When you know what you are looking at, when you use the right analysis skills, you can forecast the market movement even when every trader is looking it as a bearish market.
The Bearish Bat Pattern has been completed. If you are a season Harmonic Pattern Trader, you might be looking for the PRZ, however, in this setup, it doesn't exist as the 3line converge at the same point. What's even better is there is an RSI Divergence upon the completion. I've placed a sell limit order to engage the trade.
A Bearish Shark Pattern has been completed and I'm waiting for a check back at 1.2652 for a trading opportunity that could head towards a potential Head and Shoulders setup on the daily chart and a Bullish Gartley pattern on the 1-hourly chart. The order of the move makes a great difference on the profit potentials.
The best outcome would be the Gartley Pattern...
Although this is not my usual Sideway Bounce setup, I do recognise that the market has created an important support level for trend traders who are looking for buying opportunities to jump right into it.
Since the setup is on the 1hourly chart, 8 am (GMT+8) is a good time to look at this setup for further confirmation.
This is a very different Weekly Market Analysis, seldom do I share a Weekly chart setup but this is special and close to my heart, a Shark Pattern on GBPAUD Weekly Chart.
The Bullish Shark Pattern is valid, if you have deep pockets, you can consider this trade, you are looking at more than 1,000pips of potential profit to only Target1. Yes! You read it right,...
There is 2 trading opportunity, it depends on which camp you belong to. Counter-Trend Trader or Trend trader.
The Counter-Trend Trader could wait for a Double-Top setup within the Supply Zone(red box) with the RSI Divergence setup.
Trend Traders can wait for a Buying Opportunity at the Demand Zone(blue box).
There is still some time before the US Interest...
If you are looking to ride on the wave on the daily chart, either the late entry of the ABCD Pattern or engage the trade based on Potential Head and Shoulders setup, your chance is here. When the market opens wait for candlestick confirmation at 1.2369, the Bullish Deep Gartley Pattern. This is a counter-trend trade move and might inverse the Bearish Shark Pattern...
If you had followed my Weekly Market Analysis closely, you would be aware that last week I've said that the market is going to retrace from the high to 1.2475 and for those who had entered the counter-trend trade of the ABCD Pattern at the HOP level , 1.2186 not to panic. What you can do is shift stops to entry and observe if the level at 1.2475 holds on the...
A Potential Bearish Shark Pattern may form up at 1.0823. What I will be focusing on will be the candlestick pattern formation at PRZ. If the candle touches 1.0823 but didn't break and closes above 1.0805, I will expect a stronger bearish move, and that is because it completes at the Bearish Crab Pattern HOP level.
Those who are in the Gold trade like I do will see that the market retest the previous resistance. What is important for us is to observe a break and close above $1869.66 on the daily chart and today the market once again comes close to this level.
At night(depends on where you are), there is a US NFP happening at 8.30pm(GMT+8) which could affect our trade. Place...
