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 Shark counter-trend setup is great for counter-trend traders. Although this trade doesn't have great structure-based support, the Reward is to Risk Ratio is healthy. I'm in, will you?
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.
A 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone. As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
I'm waiting for a Bullish Bat Pattern checkback at 1.8824 for a buying opportunity. Based on this timeframe it will be consider as a sideway market.
If you are an aggressive trader, you might probably have shorted this pair. If you do, stops will go above the tip of the red box that is seen as the sell zone with buffer and the first target will go to the immediate structure close. A good 1:1 for target1.
Disclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions...
An Emerging Bearish Shark Pattern completes at 91.84 for a shorting opportunity. It seems too early for this setup but I've chosen to share this because of its potential Shark Pattern completion on the Daily Chart which comes close to the completion of the 1-hourly chart pattern.
USDCAD has one of the best setups for the week. Aggressive Traders can consider shorting the Bearish Bat Pattern as a Trend Trading Strategy. Conservative Traders can wait for the market to pull back to 1.2562 for a shorting opportunity on the Bat Pattern. If you are adventurous and you are familiar with the USDCAD movement, you can even stretch the final target...
USDJPY has the most complex trading strategy for the week. I'm waiting for USDJPY to complete it's Bearish Shark Pattern within the intraday chart, 15minutes timeframe and I will short the Shark Pattern and have my final target stretch towards the completion of the Bullish Bat Pattern on the 4-hourly Chart. If it is too much for you, just take the usual target.
Do you remember that last week, I've shared with you the Gartley Pattern on GBPUSD is not going to bring us profit? That's possible if you understand how to read the candle movement and be familiar with Harmonic Patterns and its hidden move. We have a potential Bullish Bat the forms within the Buy Zone of the GBPUSD. I'll be waiting for the candle confirmation...
A Bearish Bat Pattern has been completed in EURJPY. I'm waiting for a market retest at 131.26 for a shorting opportunity. What's nice about this trading setup is that the completion of the bat pattern is at the right shoulder of the previous Head and Shoulders formation. Manage to spot it?
A Happy New Year to you. Yes, we are back on our Weekly Market Analysis, how have you been? EURUSD on the 4hourly chart we have a Bearish Gartley Pattern that will be good for a shorting opportunity as the candle respected the PRZ zone of the Gartley Pattern more than the 1 that form in the GBPUSD. Check the comments at the bottom of TradingView for quick access....
here you can see a resversel sign at this round number area.. and if you look left,soo strong sellers enter the market. but this time onle few sellers entered. so buyer at this area are soo strong. and we are in a major up trend. so i think market will go more up. if you see a bullish engulf candle we can be more confident.
An ABCD Pattern has formed. If you have missed it and would like to engage the trade, you could wait for a retest at 0.9075 for a buying opportunity.
Weekly showing good buys are in, Possible break out to the upside.