Due to US Midterm election, we have premature exit this trade, guess is a great thing to do. At the point of decision, we as traders won't know the outcome if the intervention of our trade is a profitable decision.
Most important we should ask ourselves if any trade intervention is sound rather than profitable or isn't.
Process over Outcome. Do what is right.
A potential head and shoulder trade within the parallel of a rising channel.
I'm looking for my confirmation signal to engage a short trade but do note that this is a counter trend trade.
Entry, Stops and Targets will be shared to my inner circle.
This trade is still live just note that the overall trend is still bearish.
Great profit and risk ratio, do note that Tuesday there is a MidTerm Election going on and that may cause huge and uncertain market movement.
When Bat overlay on Shark how will you trade?
As for me, since Shark is the first pattern that forms up, I will trade based on that, however, Bat target level is earlier than Shark, once that happens, I may shift stops to entry.
Exact Stops and Targets will be shared with my inner-circle
A bullish Shark has formed up I will go long once market open, my Initial Stops and Target as listed.
If you like to have better reward:risk you have to wait for the price retrace back to point D to engage the trade, significant adjustment, the disadvantage is that you may miss the trade.
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Since late March 2018, USDJPY has been very bullish since then, at least based on Daily Chart it is.
On the H1 timeframe, I'm looking to get involved in this bullish move, by entering the trade on Bullish Shark.
And if the candle breaks above and close above C, this trade may just be invalid and I will be looking for the next trade plan to engage the trade.
A bullish shark forming up on Daily Chart, will observe if there is any other opportunity but do note that new highs are created.
Exact Strategies, Entry, Stops and Targets will be shared to our inner-circle
Silver has been oversold for some time now. There is a nice bullish shark setting up. Also, take note of the divergence between price and RSI. This is all dependent on the USD of course, but we could be looking at a bounce up from here.
Bullish Shark formation complete on previous low(H1), will need for confirmation to engage, counter-trading for this trade, may exit on 1st target and it solely depends on how candle for up at target 1 completion.
Targets will be shared to inner-circle
The overall market is still on its bearish run. For the counter-trend trader, you can certainly look at the Bullish Shark formation of AB=CD that completes at the blue line for a counter-trend trade.
Just note that if you are counter-trend trading, do consider a conservative target.
The market is still on its bearish move but for our inner-circle subscriber, they must be delight that they have engaged the short trade on USDJPY as they have received the Trade Ideas Position on a Bearish Bat formation.
2 possibilities right now to long USDJPY, one is on Bullish Shark completion, another is based off AB=CD.
Which is better?
It depends on your ...