The Bearish Crab pattern meets the X point of the Bearish Bat pattern. By 1000(UTC +3) or 1500(GMT +8) could be the decision point for those who are seeking to short this pair.
BINANCE:BNBUSDT Pay attention to the last candles in the daily time frame You will see the shadows that appear The giver is giving power to buyers Is the return, if the last positive candle is closed and If Candle is positive, he can easily start his own progress
Well, a Potential Head and Shoulders on the USDCAD formation as a Weak Bearish Trend setup that meets my rule. In this round, the stop-loss has to be above the head with buffer. You are welcome to chime in the reason why I do that, instead of the usual right shoulder.
A Fib3 Bat Pattern show up and give a great consolidation. At this moment it might be a little bit late to enter the party but it's all good for me. Trade engaged at 1.1826.
A Bullish Crab Pattern completes and forms at 0.7353 for traders who are looking for a buying opportunity as a trend trader. Crab Pattern usually consolidates and retest a couple of time before it took off, but after the 1000(UTC+3) candle close, I believe it will just take off. For conservative traders could be waiting for a double top retracement to the 61.8%...
A Bearish Gartley Pattern that can only form up on 1230(UTC+3) or 1730(GMT+8) for a sideway consolidation shorting opportunity. The thing about harmonic patterns, it has specific rules.
Well, the market might bounce off from the sideway Increase Volatility and the 1st level it stretches to might be the Bearish Bat setup which is a more stable trading setup compared to the 1 I'm in(sideways increase volatility trendline within the buy zone{blue box}).
If the 2 bearish candles didn't appear before the market close, the Head and Shoulders formation is an almost perfect setup. Now we need to have the awareness that the Bullish Shark Pattern may form and that will weaken the Shark Pattern. At this moment it is still too early to make any decision, it will be critical when the candle break and close below Point...
Do you remember the Bearish Shark setup that I've shared on 15 March 2021? Well, I don't remember the exact date, but tradingview does. That's 1 thing I love about tradingview. It helps traders to differentiate the real trader apart from those who just do screenshots that are favourable to their desired outcome. For those who have engaged on the Shark Pattern...
Last week, I've shared with you that USDJPY is going to have a Bullish Shark Pattern set up within the 5-0 Pattern and the price to engage on the countertrend setup is 109.73(you can check the link within the TradingView chart and you can find the chart link at the bottom). The final target for the Shark Pattern brings 53pips of profit which is approximately...
Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1. Counter-Trend...
Two Harmonic Patterns Converge at 1.1892. I'm waiting for a retest at that level for a shorting opportunity on the Bearish Shark and Bearish Crab Pattern. Both Shark Pattern and Crab Pattern is a counter-trend setup and it is more likely for this pattern to consolidate, retest and retest before the actual move. Once the market retest the Bearish Channel, it will...
A confirmed Head and Shoulders formation on the 4-hourly chart with an RSI Divergence gives an opportunity for trend reversal traders to engage in a counter-trend trade. The 1-hourly chart trendline has greatly improved our entry price by 63pips and I've engaged the trade at 87.13 when the candle touches the trendline and has a 3-bar reversal with a bullish...
if you check the past you can see every time buyers come to this area big sellers enter and we are in a major down trend candle become weak, i think sellers will enter the market
I must say, I'm a forex trader, not a stocks trader so do your own research. From the technical analysis standpoint Zoom has hit $290 after the company reported more than $1 billion in quarterly revenue Monday, topping analyst expectations. But the company’s third-quarter earnings guidance failed to impress Wall Street. Shares of Zoom (ticker: ZM) were down more...
A Harmonic Pattern that is fit the criteria of a counter-trend trading setup on the CADJPY has been established. This is not your usual Bat Pattern but a Fib3 Bat or some called it the Alt Bat which works fine with me. I'm waiting for the candlestick confirmation to decide should I be shorting the Bearish Bat Pattern on every hour candlestick close.
Bullish Gartley Pattern form at X is 1 of the pattern that I will watch closely. I'm waiting for a counter-trend trade on this Gartley Pattern setup. Trade has already engaged but stops is placed below the bearish flag completion with buffer.(you can check out the link at the bottom to access the training on my secret formula in placing stop-loss)
Shark Pattern, this is what shark pattern really is. If you got stung out on the same shark pattern and once it has grown into the next entry price, the textbook case suggest that you should still engage the trade should the candlestick confirmation come by. Compare to its peers, USDJPY, this is the more well-liked set-up as it was a trend trading setup, unlike...