A Bearish Shark Pattern complete at 0.9232 on the AUDCAD 1-hourly chart. If you are looking to ride on the buying trend, a buy entry when the candle touches the blue trendline as long as it never breaks and closes below the trendline or the immediate candle low price. Personally, I won't be looking at that, and that is because there is only a 30pips profit...
There are two Harmonic Patterns, namely the Gartley Pattern and the Bat Pattern on the Daily Chart, but what I want to put my focus on is the Bullish Parallel Channel. The three timeframes, the Daily, 4-Hourly and 1-Hourly chart respected the Bullish Parallel Channel which gives the counter-trend traders an opportunity for a buying opportunity. The potential...
USDJPY Flag Pattern stands, but it took a turn and change to the flag pattern with retracement and not the high and tight flag pattern. Base on the 4-hourly chart, it has broken and closed above the channel, but it does break and close below the channel too, however, there's nothing to be worried about. If you are waiting for a more conservative approach, you...
On the Daily Chart, GBPUSD has finally broken and closed below the support level and has been deemed Double Bottom, Mission Impossible. A key resistance level at 1.3428 works on all 3 major timeframes, namely the daily, the 4-hourly and the 1hourly chart. You can wait for a double top setup on the 1-hourly chart the engage for a shorting opportunity. If you are...
On the daily chart, the key resistance level 1.1684 is a level that is worth mentioning for trend traders to look for a shorting opportunity. If you are into getting into the action before the crowd does, 1.1470 could just be the shorting opportunity for you. Remember to wait for at least a candlestick pattern confirmation and not jumping the gun.
A Bullish Shark Pattern has taken place on both 1-hourly and 15minutes charts of GBPAUD. The market has reached and touched the 5-0pattern formation at 1.8358. If you like the deal to be sweetened, you can wait for the retest at 1.8366 without closing above 1.8368 for a shorting opportunity at the retest of the previous high. Some traders would read the retest...
Do you dare to short Gold? If you do, $1866.73 is a good price you can consider engaging the trade on a Bearish Gartley Pattern formation. However, a 3-bar reversal pattern is required on the daily chart as a minimum requirement for me to engage the trade base on the Daily Chart and with an RSI overbought or RSI Divergence.
If you have watched my video analysis you would have known that there is a Bearish Shark on the 1-hourly chart as well. I'm going to squeeze the stop-loss level as there is the tweezer top that allows me to do that.
A potential bullish shark pattern completes at 1.8161 for traders who are looking for a buying opportunity in GBPAUD. Structure traders can wait for the retest of the trendline for a buying opportunity. This is the wedge formation. Are you able to recognise it?
An emerging Bearish Shark Pattern completes at 0.9260. Upon completion of the pattern, the price of the candle close is important to determine if the sell zone is broken. If you are looking for a buying opportunity, a retest on the bearish trendline(blue) without closing below the trendline can give you an aggressive buying opportunity.
There is a bullish flag pattern on the USDJPY daily chart, however, I'm looking to buy lower the the flag pattern and engage the buying opportunity on the Deep Bullish Crab Pattern's HOP level that completes at 112.65.
I'm waiting for a double bottom to complete at 1.3446 for a buying opportunity, as long as it never breaks and closes below 1.3419, it will be alright for me to head in for a buying opportunity. I'm into this double bottom trading opportunity, partly is because on the daily chart the market is showing a sideway bounce setup, and this is 1 of my favourite trading setup.
On the 4-hourly chart, a Bearish Shark Pattern's completion point happens to be at the daily chart key resistance area. Great for traders who are looking for a shorting opportunity to engage the trade.
Bearish Channel on the 4-hourly channel on Gold. If you have joined our live session you would have remembered how nice the candle rebounded away from the lower channel after I've drawn it? Amazing? It's just technical analysis.
If you are earning Malaysia Ringgit(MYR) and your business requires you to use USD. It might be a good opportunity for you to change some of your MYR to USD. 4.139 is quite a good rate and I certainly won't take the risk if I have huge purchases that are due in the coming months. It is very obvious the US government has some plan in strengthening the USD. There...
If you are looking for shorting opportunity, this is 1 opportunity you have to keep a close eye on. Descending Triangle is 1 of my favourite structure trading setup. There are 2 ways to engage it. 1. A touch of the upper trendline without closing above the trendline 2. A break and close below the support line and preferably closing below the lower shadow of the...
If you are waiting for a ranging trading opportunity or a sideway movement, a Bearish Gartley pattern should be what you are looking for. The Gartley Pattern is not the best setup we have identify and that is because Point C has touched Point A and that is a huge red flag for harmonic pattern traders.
The blue line that you have seen on the daily chart within this chart has turned to a red line that you can see on the current 1-hourly chart. Counter-Trend Traders can wait for a shorting opportunity at 114.25 on a Bearish Shark Pattern as a counter-trend setup. I will be waiting for the market to consolidate at 114.25 before I engage the market.