GBPUSD is on a Bearish Trend, however, counter-trend traders could wait for a retest at 1.2983 for a buying opportunity based on the ABCD Pattern checkback.
Trend traders on the other hand could wait for a shorting opportunity at 1.3053 for a trend trading opportunity.
EURUSD is on a Bearish Trend. Trend traders could wait for a Bearish Bat shorting opportunity that completes at 1.1417. Agressive traders could wait for a retest within the sell zone in the 1-hourly chart.
A Bearish Gartley Pattern set up on the range bar chart could be a great trading idea when the market is chopping on the 1-hourly chart.
With that said, you need to know at which point is safer to engage, because you don't want to get whipsaw and got stop out.
Besides waiting for the Bullish Deep Gartley setup, there's another way to engage the USDCAD chart. If you are into this consolidation or sideways movement, you could wait for a trading setup on the lower timeframe, preferably the 1-hourly chart for this setup.
You can wait for a minimum setup of Double Top setup with RSI Divergence, in that case, you can have a...
WOW! This is a BIG one! A Shark Pattern on the Daily Chart is no joke!! Before we engage the trade, we need preferably a candle spike touching 0.7556 for the shorting opportunity.
And it will be even better if the spike did not manage to close above the structure on the 4-hourly(UTC+2) chart!!
A Bullish Bat Pattern emerge on the USDJPY 1hourly chart within the Buy Zone.
That's what I like about this setup.
What I don't like about this setup is that there's a lot of ebb and flow of the market on the USDJPY 1hour chart. It shouldn't be the case for this pair, but either way, the upward movement most likely will be a rocky path(closing in to the profit,...
Before we go into this chart, there is 2 setup in the 4-hourly chart(UTC +2). A Bearish Shark Pattern and Bearish Gartley Pattern are complete close to one another. It could be a challenge to spot that Gartley Pattern, give it a try as the chart wasn't as clean as this one.
The reason I'm sharing the 1hourly chart Gartley Pattern is that it is much cleaner and it...
We have witnessed a burst of upwards movement of EURUSD on the lower timeframe, well, we needed that. Another burst might bring the Bearish Trend to its knees.
I'm waiting for a shorting opportunity at around 1.12207 with the help of the Bearish Deep Gartley setup, however, the validity of the setup will end tomorrow(1Apr) at 9am(GMT+8).
Let's hope the Tuesday...
Bearish Gartley on range bar chart has retest. There are risks in this setup, however, rules are rules, they fulfil my criteria and I'm in.
Let's see how this goes.
Well, if you had participated in the post related to this article, congratulation, you would have earned the 1st target(32pips) and moving to our 2nd target now.
I've engaged the trade based on the AB=CD Pattern setup and the market form within the buy zone.
Would you long EURUSD? And why?
The Range Bar chart is my personal preference for intra-day trading. It provides the expected volume per bar, and you won't have surprises. The only downside is that you can't check in every 8 bars because you won't know when will the 8bars formed as it is not a timebase chart
Long shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate.
If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking.
You will be surprised, at how much more $$ it will bring you...
If you reside in Malaysia or you have commitments in Malaysia, it is a great opportunity to prepare at least 3months' worth of Malaysia Ringgit for your expenses.
3.11 is a great rate if money allows, if not, and if the spread is reasonable, you might be able to benefit it from trading.
A Bullish Bat Pattern retest on the 8Range Bar. Overall the CADJPY is in a Bullish Trend. If you have plans to hop in the trend trading setup, now is the time.
If you had read my previous analysis, this is how Shark Pattern works, when the Shark Pattern hit its stop loss, it may present you another trading opportunity of a further entry price.
The problem with most trader is the hesitance to engage the trade, and I can understand that, you just got stop out. You aren't certain if this should be the trade to take.
The...
A Bearish Shark retest on the AUDCAD gave me an opportunity to reverse my trade. You see, I was in a Bullish Trade(you can check out the related ideas titled AUDCAD - Bullish Bat at the bottom of the @TradingView post)
The market seems not able to close beyond Point D of the Bearish Shark Pattern on the 1hourly- chart for an extended period of time.
I've been...
Trend Traders, you are in luck. There is a Bullish Bat Pattern setup within the buy zone on the AUDCAD 4hourly chart.
Bat Pattern will naturally provide a healthy reward is to risk if you do it right. Definitely, 1 of my favourite trading setup.
How about waiting for the Bearish Shark Pattern to complete and using the Combo Trade Management to engage the Shark Pattern on the 1hourly chart(check related link).
