Chart explains the short reason.
Hello traders, today I am anticipating a potential rejection from the yellow rectangle on a 4hr perspective. TP1:78.522 TP2:78.306 SL: The highest price of rejection. If you like my analysis, please support it with your comments and likes. Thank you and have a good day. Disclaimer: This analysis is not investment advice. There is a high risk in trading foreign...
Hey Traders! NEW week, NEW opportunities! This setup is one of my favourite for this week. We can see the Daily Trendline has just been broken and a descending trendline has just begun to form. I am looking for the following confluences before I will enter: 1) a touch on the previous level of structure highlighted in pink, 2) a retest off of both trendlines, 3) a...
USDJPY is a quiet pair, the red box indicate the level of the selling opportunity I am waiting for. Remember, when market consolidate it has potential on a harmonic patterns setup. You just need to be patient and wait for the trading opportunity.
Waiting for a counter-trend trading opportunity on this bullish bat set-up. A candle confirmation is required before I will head in for trade. The strong bearish movement shouldn't be treated lightly. There is a lot of trading development opportunity on this pair.
A bearish channel a level that trend traders can look for a shorting opportunity at the tip of it and counter-trend traders can look for a buying opportunity at the bottom of it. Candle confirmation on this trade is important, and this will be an add on to the existing trade I had on the Head and Shoulders(link at the bottom) which I've shorted it based on the...
A Bearish Bat Pattern that has an ABCD Pattern converge at the same level, it will be a level that I expect a high volatility movement, it will be a good level to consider for a shorting opportunity.
1. Descending channel pushed to 9170 support 2. VPVR indicator (volume that shows S/R) identifies 9170 as liquidity 3. On 1H, 4H, & 12H time frames wicks and candles have test 9170 as support 4. MAIN POINT: Bullish Harami candlestick pattern. Large bearish candle to support, followed by a smaller bullish candle. Long Position: ENTRY --> 9310 TARGET 1 -->...
You see what my bias is from the 15M for Bitcoin. Let's see how this plays out..
Triangle formation at 1D time frame. It is resisted three times to the long side along the trendline. It also supported two times the second time with a hammer at the bottom. I could possibly continue up to the bull side if we get one or preferably two more confirmations to enter. It could also retest and continue down to the main upward trendline, but again we...
A Type2 Bearish Gartley Pattern, any takers? If the next candle is a bearish engulfing I'll engage on a retest.
Likes and comments if you want more trading setup. Thank you! Visit our channel! The price tested resistance, and it responded positively.
This is not the typical head and shoulders trade I'll engage but the filter it's pretty good, Will observe how this candle close and will decide this trade in a moments time.
A bearish shark pattern consolidate on the 4-hourly chart resistance, a pending order has been set in anticipation of a check back to capture this trade.
A bearish Gartley setup within the consolidation zone, now the pattern has completed, I'm waiting for a retest to engage the trade. Target2 will be an extended target.
A friend asked me for my view on this on last FridayI will never look into airlines and related stocks, with covid19 going and most borders, without intervention I don't see how this can be a bullish stock for the year. Well, but you are already in it, congratulation. If you are conservative I will wait at 238.12-261.42 and wait for a reversal signal to exit the...
Bought in AAP here. 1st target price is $146+ based on my proprietary signals I coded into pine editor. Candlestick patterns are indicating a run up. Typically the patterns can take up to 45 days, but usually a lot sooner. I don't mind tho. Gives me opportunity to accumulate. Keep an eye on this one. Second target is $148 I have my call options and I'm ready to...
This is 1 of the most important trade for the week, at least for me it is. We had bearish Deep Crab pattern that we short at the HOP level and had gained 316pips on the 1st target. Well, we are still in this trade and I'm watching closely on this pair if the market retest the bearish Deep Gartley pattern, after the candle confirmation I will engage a new trade to...