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...
If you have been following me for some time, you will know that I'm very bearish on AUDUSD on a longer-term(3-years) perspective. This Bearish Bat Pattern is at a perfect shorting opportunity on the daily chart. That being said, confirmation of the candlestick it's important.
A bearish Gartley Pattern form within the consolidation zone on the 1-hourly chart. On the daily chart, the bearish shark pattern has already formed. So, how I'm going to take this trade? Well, shorting this pair will be the main focus, I will be waiting for a candlestick confirmation on the Gartley Pattern. If the market break and close above the consolidation...
On the daily chart, there isn't a distinct trend as there was a sideway expansion that broke both support and resistance level, we need 2 breaks and close below the low or above the high to have a trend. Recently the 4-hourly chart also has a sideway expansion as well. Before we assume that this pair can't be traded, the 1-hourly chart, it is a bearish trend. On...
Island Bottom Reversal + 3 Inside Up + Dynamic Support + Trend Break + Bullish Momentum
As you guys can see very clearly, Now we are on a important weekly zone, I waited for a candlestick formation to let me understand what the market wanted to do and I saw this: A beautiful reversed head & shoulders as well as a rounded bottom. I will watch the closing of the candle on the 4h time frame: if it closes above the resistance that I draw I'm gonna...
A bullish bat trade setup at HOP level, the overall trend even on the 4-hourly chart it is a bullish trend. Daily chart there is a bearish shark pattern that acts as a counter-trend trade based on its timeframe. Buy Limit Set to engage the trade.
A bullish bat pattern forms up just above the buy zone(blue box) for a trend trading setup. The recent market has been rather bearish, a bullish engulfing candle is needed for me to engage this trade.
Downward Channel + Loss of Bearish Momentum + Bullish Divergence + Dynamic Support Level Options Trade: 7/17 BA 300c (High Risk) Multi Time Frame Analysis listed below Monthly Morning Star Pattern (Bullish) Downtrend Loss of Bearish Momentum Weekly Uptrend Rounding Bottom (Island Bottom Reversal Potential) Bullish Momentum Daily Possible Downside...
-Very good selling opportunity of the rests of the support of the channel. -There is a confluence with the support of the channel and the demand turned supply zone which shows price could potentially react from that zone. -Another confluence is that the 38.2% fib level is line with the supply zone which gives me more confidence price cill reach that level and...
A bearish shark pattern has formed on the 1-hourly chart, it is not convincing for me to engage the trade reason being of the consolidation area and both oscillators are not congruent, however, the 4-hourly chart looks good as a double-top, I'll need a confirmation candle to engage it. Now, why is that so? The overall bias I have on this trade is bullish on both...
The buyers broke through the downward trend. If they manage to break through the first resistance line, then it's safe to say that the second line will be surpassed as well and a bullish trend will take place. My assumption is that it will continue until it hits the dotted line. Let me know what you think!
Falling Wedge + Time Frame Confluence + Bullish Divergence (Wide Price Swings) Weekly Chart Morning Star Pattern Falling Wedge Daily Chart Bullish Meeting Lines Falling Wedge 4hr Chart Double Bottom Bullish Divergence Volume Spikes at Dynamic Support (Demand Zone)
V Bottom Extended Pattern + 8 New Price Lines Pattern + Bullish Momentum
Bullish Rectangle + 3 Outside Up + 3 Rising Peaks + Bullish Momentum Price Target: 1483.56, 1530.56 Options Trade: 6/12 1500c (High Risk) I've been patiently waiting for the past 2 weeks for GOOGL to break out of the bullish Rectangle (Previously Ascending Triangle) and this looks like the perfect time for entry after the close today.
Weekly/Daily/4hr/1hr/15min all reviewed below. I'm confident in a bullish reversal in this setup and will grab the options contract 33c for a short term play. Weekly Chart 3 Long Wick Rejections of Support 32.00 Simple ABC Correction Bullish Channel Daily Chart 2 Long Wick Rejections of 50EMA High Wave Candle (Twice the Average Volume) followed by a Hanging...
We have a bull run on the EURUSD, on the 1-hourly chart we are waiting for a buying opportunity between the red moving average and the support level(blue) that is within the buy zone(blue). The area of my interest to long this pair is shaded in yellow and I'm waiting for candlestick confirmation to engage the trade. Both oscillators has to show the same signal too.
Will continue to look for bullish momentum in the coming week. Caught 210 pips on this move with 2 positions. Initial position went into a tad bit of drawdown but, ultimately played out perfectly.