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).
Will I engage in this Bearish Shark check back on the AUDCAD, time will time. Really. I'm waiting for the 11am(GMT+8) candle open to decide.
We have a double bottom pullback trade on the GBPAUD. What's so special about this trading setup? Well, on the higher timeframe, the Daily Chart, there is a Bullish Crab Pattern check back. Although the formation is complete beyond the PRZ, it sits nicely at the level and acts as a new support level. If you are familiar of the Crab Pattern, you should know that...
This is one of the trading setups that could give us an entry opportunity once the market opens on Monday(GMT +8). A 3-bar reversal will be a safer bet to engaged the trade. However, if you are comfortable taking some risks, the reward is much better now. Stop goes below X of the Bat Pattern by using my secret formula of the buffer.
Trading can be simple. A simple trade plan could bring in great profit. A break and close below the trendline of the USDJPY 4-hourly chart would make the trade possible.
Don't feel bad if you have missed the Bearish Shark Pattern movement, especially if you have deliberately avoided it. I believe you would have regretted if you had long instead of shorting the Shark Pattern because you saw the news that the Bank of England had planned to increase the bank interest rate. It is important that you know to stay out of news trading,...
EURUSD is on a Bearish Trend, and if you are on plan to long EURUSD like I did, you are in a counter-trend trade. If you have a long EURUSD base on the Bullish Shark setup(link at the bottom), the target2 based on the textbook case has fulfilled its final target level, not for me. I'm waiting for one of the two different trading opportunities to have an...
Bullish Deep Gartley Pattern for traders to hop in for a buying opportunity. I love the Traditional Gartley Pattern, but I love Deep Gartley Pattern better. Deep Gartley Pattern give a better returns.
I had profited 212pips on the AUDUSD Bullish Deep Gartley Pattern(check out the link at the bottom). It's only 212pips because I got in late. Now I had shorted the Bearish Crab Pattern at HOP level. One of the perks of this is the Reward:Risk Ratio. What I didn't like the candlestick consolidation looking left.
It is important to wait for Candle Confirmation even on the most familiar currency pair and most familiar setup. The close of the current candle will determine if the Shark Pattern is valid. The Bearish Shark Pattern formed at 1.3177 and was confirmed once the candle closed at 1.3173. As this is a 1-hourly chart setup at 1700(GMT +8) or latest by 1900, it will...
This is the trade I'm talking about, check the link at the bottom if you have no idea what I'm talking about. The Shark Pattern at the Weekly Chart Resistance. It is a trade that I'm going to follow closely.
This is a very bold trade; chances of it hitting stop are high. That's why I'm not putting it out as an Official Trade-Ideas. On the Range Bar chart, the Bearish Shark Pattern has confirmed and I'm in the trade. Once the market has reached its target 1, I will be shifting my stop to my entry price and pertain to a Risk-Free Trade. This is when I will be using my...