GBPUSD has its first significant retracement, and because of this, we have an opportunity to engage in a buying trade within the buy zone, also known as the demand zone. I'm waiting for a check back(retest) at 1.3900 for a buying opportunity on this trend trading setup.
Congratulation to those who have shorted EURUSD on the Bearish Butterfly Pattern, if you have not engaged or looking for adding on to a shorting position, you can wait for a retest on the red trendline for a shorting opportunity. Wait for the candle close to ensure it doesn't break and close above would be wise.
A Bearish Shark & Crab pattern setup and completes at the same point. You can wait for a retest back to the previous high for a Type2 shorting opportunity for the Harmonic Patterns. This might look like a countertrend trade for most, but it is a potential trend reversal setup for me.
A potential Head & Shoulders setup with RSI Divergence gave an opportunity for the aggressive trader to engage their trade. The 1st target goes for 105.77 and target 2 will be shared with our inner circle.
A V bottom on the bullish deep crab pattern is nice, but with the bearish engulfing candle, the movement towards profits isn't certain. A break and close below 1.2593 would create challenges for the short term appreciation.
A Bullish Bat Pattern may emerge from this market movement. If the market retraces and hits the trendline without breaking it could give us a great opportunity to short it. Aggressive traders may also consider stretching the target towards the bat pattern completion.
As mentioned last week, as long as USDJPY didn't break and close above 106.01, we are looking for that shorting opportunity. Traders who caught that and developed their trading opportunity would have gained 75pips(750USD/lot) or at least 62pips(620USD/lot) of running profit at this moment. If you had not engaged in the trade, a retracement back to 105.62 would...
GBPUSD has shown a continuous uptrend movement and the only rationale mid-term trading decision is to look for a buying opportunity within the buy zone. The movement looks almost like bitcoin appreciation. Don't you agree?
EURUSD is not showing the clearest sign of the market movement, it can swing either direction, if to choose a direction to go, I will choose to short it, the reasons as follows 1) The candlestick forms within the sell zone 2) The daily chart close with a long wick above the candle 3) it is a weak bearish candle close on the 4-hourly chart, but it is still a...
As mentioned a few months back that USDJPY will hit a few bumpers along the way and 1 of it is at 106.01(chart at bottom) I've engaged in an aggressive short and that is an attribute to candlestick formation, a doji on the resistance level way before the actual movement. Once the price come in contact with the trendline, I will shift stops to entry and the...
A Bullish Bat Pattern setup with a warning sign, despite such, I'm going to place a pending buy limit at 1.2631(-41) for the immediate buying opportunity. Stop-Loss will place at 1.2590 and Target1 at 1.2706(+116), Target2 will be kept a secret. This is our Chinese Lunar Near Year give away. Wishing all having a Huat Huat Year! *Please do your own analysis and...
Ethereum is showing a potential Bullish Gartley Pattern(with a warning sign that it may fail), still, it is a good price to consider for a buying opportunity. Let's see how it unfolds. If you are thinking of shorting it, that's not what it should be. But check out my previous post.
Ethereum is at the key level of resistance, would you like to engage in a shorting opportunity? RSI is at Overbought position which gives a good consideration, the conservative trader can wait for a candle confirmation before engaging the trade.
On the 15-minutes chart, there is a Bearish Shark Pattern that has formed up and it's valid for a shorting opportunity. There are 2 concern about the setup, 1. 1 rule has been violated while the Shark Pattern forms up. 2. A long shadow candle form could be a warning sign. I will be waiting for the retest of the pattern at 0.7225-0.7229 for a shorting opportunity...
At this moment the market is showing a Type2 Bearish Bat Pattern, Aggressive Trader can consider a shorting opportunity for the setup. The 1 thing you need to take note of is the trendline, once it reaches the trendline level, you have to shift stop to entry, that will prevent you from making unnecessary losses. Conservative trader can wait out for confirmation,...
If you are in our community you would have engaged the Bullish Crab Pattern on the USDJPY trade you would have gained 37pips and have your stop-loss shifted to entry without working the market might go against you. If you have not, that's not the end of the world, since the trendline(blue line) is not broken, that could be an opportunity for you to long. However,...
GBPUSD on all 3-timeframe shows a retest of the previous high and market is unable to break and close above it. On the 1-hourly chart, I'm waiting for a retest of the previous high for me to short the market base on a double-top setup with RSI Divergence.
I'm waiting for a shorting opportunity withing the red box which is the immediate sell zone. Do note that all 3 timeframes namely the Daily, 4-Hourly and 1-Hourly are showing a different setup, trade this pair with caution.