What we witness is the move that we had engaged and shared before the actual move was made in this Bearish Shark Pattern setup. It took 2 weeks after completion for it to went past our target1, but the movement is worth it, a 348pips move and what the trader is required to do is to engage the trade, place the stop-loss and target profit level and wait for the...
After the Bearish run from the Bearish Crab Pattern, the market may consolidate at 1.0500 before the next move. At that level, there is a Bullish Bat Pattern that traders can wait for a counter-trend trading opportunity. Conservative trader could wait for a retest before engage the trade.
We saw big moves on EURUSD yesterday. The good thing about it, is that at least now we know what direction to look for. Today, we should expect a continuation down. This should be the beginning of a new downtrend on H1 and we're going to look for selling opportunities. This won't be valid if we see a breakout of 1,0773. We could trade this without a fixed TP...
The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend. It consists of two candlesticks, the first one being bullish and the second one being bearish candlestick. Both the tweezer candlestick make almost or the same high. Example on this chart APE/USDT
Yesterday we talked about possible buys on EURUSD. Right now, it looks like this move doesn't have enough strength. That's why, we should probably close the long positions and wait for a clear price action with a better setup. The main idea now is to watch out for reversal signals, therefore looking to sell. The correct and confirmed entries will be only...
On Friday, we saw $AAPL, $AMD, among other tickers like $MSFT, $NVDA, and $TSLA weigh down on the S&P 500. All of these tickers currently weigh on the bearish side and have affected the S&P 500 and NASDAQ. $AAPL has been retesting the blue S/R level at ~$150 and failing to move above it. Definitely a VERY bearish setup, however, anything can happen and there is...
This week, we're expecting a rise on EURUSD towards 1,0900. In order for this to happen we should not see price below 1,0625. That's where all the stops should be. We're actually in a downtrend as seen on the higher timeframes and we should look out for exhaustion of the H1 upside move. Entries at current price levels after a candlestick signal are also ok!
Although this is not my usual Sideway Bounce setup, I do recognise that the market has created an important support level for trend traders who are looking for buying opportunities to jump right into it. Since the setup is on the 1hourly chart, 8 am (GMT+8) is a good time to look at this setup for further confirmation.
This is a very different Weekly Market Analysis, seldom do I share a Weekly chart setup but this is special and close to my heart, a Shark Pattern on GBPAUD Weekly Chart. The Bullish Shark Pattern is valid, if you have deep pockets, you can consider this trade, you are looking at more than 1,000pips of potential profit to only Target1. Yes! You read it right,...
There is 2 trading opportunity, it depends on which camp you belong to. Counter-Trend Trader or Trend trader. The Counter-Trend Trader could wait for a Double-Top setup within the Supply Zone(red box) with the RSI Divergence setup. Trend Traders can wait for a Buying Opportunity at the Demand Zone(blue box). There is still some time before the US Interest...
If you are looking to ride on the wave on the daily chart, either the late entry of the ABCD Pattern or engage the trade based on Potential Head and Shoulders setup, your chance is here. When the market opens wait for candlestick confirmation at 1.2369, the Bullish Deep Gartley Pattern. This is a counter-trend trade move and might inverse the Bearish Shark Pattern...
If you had followed my Weekly Market Analysis closely, you would be aware that last week I've said that the market is going to retrace from the high to 1.2475 and for those who had entered the counter-trend trade of the ABCD Pattern at the HOP level , 1.2186 not to panic. What you can do is shift stops to entry and observe if the level at 1.2475 holds on the...
A Potential Bearish Shark Pattern may form up at 1.0823. What I will be focusing on will be the candlestick pattern formation at PRZ. If the candle touches 1.0823 but didn't break and closes above 1.0805, I will expect a stronger bearish move, and that is because it completes at the Bearish Crab Pattern HOP level.
Trade Proposal: There is a probability of first tp to the proposed ( 1.340 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: EURCAD is in Downtrend and It is Expected to Continue Downtrend.
This week EURUSD tricks us into switching directions a few times already. Today, we actually think it's clear were price wants to go next and that's 1,0900 It's the first Friday of the month which means we have NFP. We could expect some movements in the market. We're looking at possibly buying with stops below 1,0625, expecting for price to continue above...
Yesterday we looked at possible aggressive buys on EURUSD and now we have a breakout of the lows. That means we could be looking at a trend reversal on EURUSD and price potentially continuing lower. There is a higher probability for a downside continuation now but we would like to have a pullback in order to enter short. Meanwhile, we're still focusing on the...
@KioseffTrading RSI Optimizer being used & is showing a long entry signal at best performing RSI Crossover.