We have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open...
If you missed the trade ideas of EURUSD on Friday, this might give you a 2nd chance to engage in the trade. With that said, do your market analysis and not follow blindly. What's nice about this trading setup, the three primary timeframes I'm looking at has all the bearish trading setup I need. Daily Chart - Bearish Crab setup 4-hourly Chart- Ascending Channel...
Hi traders, GOLD i am waiting for price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity GOOD LUCK.
EURUSD sits within the resistance zone of the weekly chart, the long week had created an additional resistance level on the daily chart; even a break and close above 1.0485 happens, we have the Bearish Crab Pattern where we can catch the bearish move at 1.0597.
Sinking below the triangle we're now in the sideways pattern that is quite frankly getting on my nerves. But this present a potential opportunity assuming the orange line remains as a strong resistance, this could go back down to the lows when it breached, or even lower. Keep an eye on overall markets these things tie in together in more ways than one. Good luck and dyor.
Finally, patience might just pay off. If the current candle closes as it is, there's a high chance for me to look for a shorting opportunity, once market open. What makes is better is a Bearish Crab Pattern materialised on the 1-hourly chart. Guess we can just wait and see.
Long waited Crab Pattern has finally been completed. I'm waiting for the retest of the Bearish Crab Pattern to decide if I'm going to head in for the shorting opportnity.
A great shorting opportunity for me. I love to engage the crab pattern although to most traders they shy away from it. There's a retest on this and is great to see a RSI Divergence on this bearish crab. One of the combo I love to see is a completion of harmonic patterns within supply zone or demand zone or simply a consolidation zone. Candlestick pattern...
My analysis of this Bearish Crab Pattern still stands, but generally, I'm not optimistic when I see a series of consolidations happen before the completion of the Crab Pattern. Patience is Virtue. Let's see how this trading idea pans out.
Monetising on the idea that USDJPY has a completed Bearish Crab Pattern on the Daily Chart, I'm waiting for this odd-looking Bearish Shark Pattern to complete at 145.27. Normally, I wouldn't have factored in the fact of BOJ intervention that makes the chart an odd-looking one, but because the level of the PRZ within the shark pattern converges, I'm going to...
A Bearish Crab Pattern has been completed. I'm waiting for the USDJPY to checkback at 144.56 and wait for a shorting opportunity. This could give counter-trend traders and opportunity to jump onto the trade.
USDCAD has a very interesting setup. The completion of the Bearish Crab Pattern happens to be the Bearish Shark Pattern's HOP level. At this moment, it seems that the USDCAD is the better trading setup to short based off the counter-trend trading setup.
With no mistake, USDJPY is on a Bullish Trend, but that doesn't mean we can't look for a counter-trend trading opportunity. We have a Bearish Crab Pattern completing at 135.58 on the 1hourly chart. On the 4-hourly chart, there is a potential Bearish Bat Pattern that has the potential of completing at 136.59. Knowing that this is a counter-trend setup, a...
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.
If you have been following my analysis, you would have known that it is unusual for me to share a Weekly Market Analysis on a 15minutes chart. A Bearish Butterfly Pattern complete at 1.0788 for a shorting opportunity. If this became a valid setup, I could upsize my trading profit to the 4-hourly chart level. Link at the bottom. That's how Winner trade ;P
On 20 Apr 2022, SGDMYR shot up to 3.1466. To most Singaporeans who have commitments in Malaysia or Malaysian who are earning SGD, is a no brainer to change their SGD to MYR. But that night at 10.25pm, right after my Live Session, I've told a group of entrepreneurs NOT to change their SGD to MYR just yet. If you could wait for a few days. On Fri, 22Apr2022 market...
Its all in the wave structures! The Bullish Shark Harmonic (green) turns into the Bearish Crab (pink) with a PCZ at the 1.618 (0.78850 AUD/USD) This is all within the larger structure Bearish Bat harmonic (blue) completing at the 886 (0.78850AUD/USD) which is in confluent with the PCZ of the Bearish Crab (pink) Love the confluence
Pretty much as the title says, the red TL held via the candle closing below. Took the TL on the 4H TF but it's holding on 1h & daily. As the USD is rising and looking like going for $100+ this should help gold to dump. I'm in again at 1948 with SL on entry.