Just as I've shared yesterday on a sideway bounce setup that I'm waiting for a shorting opportunity. The triggered candle(circled in yellow) will be the level I'm looking at to engage the trade.
During Wednesday Midweek Market Analysis, we did talk about this didn't we? The double top was there at 107.54, I've shared that it has to touch 107.33 and wait for a rebound before I will be interested to short at 61.8%-78.6% rebound. See what happen to the market. Isn't that beautiful? Stay close in our community for every session so you won't miss out any of...
Bullish Bat pattern setting up for a countertrend trading potential, let's see how the candle forms up on point D completion.
Well, this trade is already live and we have hit our 1st target, shifting stops to entry and attained a risk-free trade. The trade was posted and shared to my community, check the link at the bottom. Right now there are 2 things I'm waiting for, 1) Sit and wait for second target to hit 2) Retracement for either a type2 bearish bat trade or engage with new bearish setup.
A potential head and shoulders setup on the GBPJPY trade. Having the indecision candle with RSI Divergence made it more trade worthy. I'm waiting for further confirmation to engage this trade.
This is like a textbook case, the market pretty much moves in a very uniform manner. With this support(blue line) and resistance(red line) lines it is almost certain that when market break and close above 1, it will move to the next. Pretty much a heaven for traders, but you have to calculate and consider if the commission you need to pay, worth the effort.
For traders who are stuck in this stock, you may just want to continue to read this. Since you had been holding on to this trade, I would say hold on to a few days longer. That's what I'll do if I were you. A break and close below 0.895 might encourage me to prepare to cut loss. Another level I will be looking closely is 0.915 to spot if it breaks and closes...
Rsi Divergence on the 1-hourly timeframe where market retest the previous high. If the current candle closes the way it is at the 4pm(+8GMT) candle, I engage this on an aggressive short.
Ok, so something weird happened today here! Some bears came out of nowhere and they left this massive candle. They managed to hit our black line, proving again that this is a strong support, but the price bounced back . It seems it doesn’t matter the bear’s power here, the bulls managed to retaliated back! So, BTC did a false breakout from this red line, and the...
Following USDCAD, we can see this major consolidation zone which has been around since Covid-19's Lock-down began. So, lets break this down further, this pair is in a range between my descending Trendline and this major support at 1.38701. As price rallied downwards last week, we came to our support zone and we did not break this support zone. Therefore, we...
This is what typically happens to a shark pattern, you get bitten the previous round and you come in for more. A shark pattern can have as much as 3 entry price, if you aren't familiar with it, you can get a bitten twice in a row and you may say, no, I'm not engaging this trade. Guess what can happen on the third run? It can hit your target profit and you get...
Hello guys! As you know we are long here since this Bullish Engulf, and our trade is still active ! But first, if you are new here, I invite you to follow me, so you’ll keep up with our trades and analyses. Our three last trades are on the chart, evidenced by the black arrows, and the links to these calls are below, so if you want more details, you are free to...
I think EURUSD will climbing upward to the nearest Rasistance. Setup will fail if price break the box.
Deep Gartley Pattern that completes at X is my favourite setup, this setup has 2 other advantages 1) The PRZ converge at the same price. 2) It completes at the tip of the range.