If you have followed me, you would have known that I've shorted CADJPY on the Range Bar Chart as a Bearish Bat Pattern path the way.
What I did is to engage, took my conservative target, shift stops to entry and stretch my final target to the Bullish Deep Gartley Pattern.
Before you start thinking out of the box, your fundamental has to be right.
Last years NASDAQ:AAPL analysis on my Tradingview was perfected to the T in detail. I'm glad to know that a lot of my followers took profit following my entries & exits.:) Go check it out on my page if you still haven't!
After hundreds of request since last year. I have decided to go ahead and make another breakdown for 2022.
Before entering a...
It depends on the way that you read the candlestick chart, the Bullish Shark Pattern may have formed. If so, if you have plans of trend trading, you can wait for the market to retrace back to 0.7109 and engage the shorting opportunity through 5-0 Pattern.
USDJPY is at its consolidation phase. The overall setup tends to have a Bullish setup. On the 4-hourly chart, you can wait for a Bullish Gartley complete at 114.00.
If you are an intra-day trader, you can consider engaging the Bullish Flag trading opportunity within the 8 Range Bar chart.
Price is currently in a downtrend on multiple timeframes and has started retracing from the last low it made. It has left a big imbalance in price and this could be a decent area to look for an entry. Ideally an entry slightly above the imbalance from the 4h OB. The entry area also aligns almost perfectly with the 0.88 fib level, which is an additional confluence....
If support holds it's position here, I will be looking at confirmation from candle play for a long setup to resistance. Price retested support & this made be the 3rd rejection so lets see how this will play out.
Bearish Gartley forms in the 1hourly chart which give trend traders a shorting opportunity. However, ff you are bullish on Canada movement from tonight rate hike decision at 11 pm (GMT +8), it is probably not a good idea to leave the trade open past it.
Some traders may read this as a type 2 Bullish Bat Pattern but are certainly not for me. If you are having that conclusion by reading the candlestick pattern, you aren't wrong, but once again not for me.
I would prefer to engage the trade based on the latest Harmonic Patterns formed in the chart, which is the Bullish Deep Gartley Pattern. The Deep Gartley Pattern...
A Type 2 Bullish Shark Pattern has formed in the USDJPY 4hourly chart. A type2 Harmonic Patterns mean that the market has fulfilled at least Target1 of the entire setup. At times we can have a weaker(slower) move towards the upside.
On the 1-hourly chart, you could plot a trendline and set an alert to wait for a break and close above the trendline as an...
We are already in this trade. The 1-hourly chart Bullish Shark Pattern, check the link within the TradingView for more insights on this trade. But if I were you, I will wait for a break and close above of the blue trendline that was highlighted in the chart, that will give further assurance on the trade, but you will have to trade it off with the better entry...
If you remember what we spoke about last week you would have seen how the market fell and was held by the trendline which is part of the Ascending Triangle.
You would also notice how the candle respects the trendline, bounce off of it and refused to break and close below the trendline.
If you had shorted when the market break and close below the support you...
Volatility reared its head across all markets this week, and the oil markets were no exception.
A combination of geopolitical tensions, general inflationary pressures, and a lingering supply/demand imbalance pushed the price of West Texas Intermediate (WTI) crude oil to its highest level since 2014 early in the week.
However, sentiment turned on a dime in the...
A Bullish Bat Pattern is going to form and emerge at 76.31 as a counter-trend trade, but do you know that it is also a pull back from the daily chart after the market has double bottom?
Between this and the EURJPY ABCD setup, I would prefer the NZDJPY trading setup.
Which do you prefer?
Comment down below.