The long bull run has rested and does this mean its willing to correct in bears? this week could be potential slide for the jpy so we can expect pull back to a zone to completely take out the lows as exit liquidity
entry(when there is valid momentun) at 134.466 possible sell down to 133.526 with sl above at 13.652
The downtrend after ECB continues
We also have FED's Interest Rate decision coming out this week as well.
Quite often before such an even, we don't see any significant move but price is mainly trading around the same levels.
That's what we're probably going to see now. A possible retracement before the next drop.
SPX500 made a higher high 3W chart (As of 6/12/22 10:50pm EST)
SPX500 is at a higher low (Last months low: 3810)
Also at ~3810:
SPX 2yr fib (0.618)= 3814
SPX500 2yr fib (0.618)= 3812
Price action is consistent with a bullish reversal. (TF:3W)
Sentiment is record breaking bearish. Most money is short or on the sidelines. A reversal would be high volume...
Head and Shoulders, is my favourite classic trading setup that I never treat lightly. This setup has an RSI Divergence which is a setup that I fancy, what's left will be a candlestick pattern confirmation before engaging in this trade and I could even ride my profit to the Bearish Shark Pattern completion using my upsize trade management.
This ABCD Pattern is special, the completion of this Bullish ABCD Pattern coincides with the 1 on the 4hourly chart and the amazing part is that the starting point is different and the retracement point, Point C is of a different Fibonacci retracement level. That's the part that made it special.
I will watch closely on the NZDUSD because when this trade gets...
I've mentioned for the longest time that the USD will keep appreciating, just look at USDJPY. There might be a chance of a retracement happening this Thursday, 2am(GMT+8) when the US bank interest rate is released, and if the movement break and close below the blue box(buy zone), we might have to reanalyse the market movement. For now, I'm waiting for a buying...
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...
When you know what you are looking at, when you use the right analysis skills, you can forecast the market movement even when every trader is looking it as a bearish market.
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...
