I'm waiting for a retest on the USDCAD for buying opportunity on the bullish bat pattern checkback as a countertrend trade. What's nice about this setup is that the recent candle has a break and close above the previous structure high, with that, there's also a chance that the market may not retest on its previous low. Let's see how it goes when the market opens...
Well, I've told you there's no need to panic for crab pattern, it usually has a retest of previous low before it took off. The structure of this trading setup is also known as a sideway consolidation, although the highs(resistance) and lows(support) are not too far apart(which will affect our income potential), it is still good for meal money. Well, in the short...
On a mid-long term, GBPUSD looks pretty bullish on the daily and 4-hourly chart. For counter-trend traders who are looking for a shorting opportunity, you can wait for a shorting opportunity within the grey box, the candle should not break and close above the grey box for a valid countertrend trade or for harmonic patterns traders, the AB=CD pattern check back.
On 16Dec, we have identified the ABCD pattern during our live session and right now, we have a Bearish Deep Gartley pattern that forms up within the consolidation zone of the ABCD pattern. No doubt, this is a counter-trend setup, it is a stronger setup then the week before as there is more indicator line up to support the pullback trade. The aggressive trader can...
Bullish Bat check-back that gives the first target as a major resistance level on the trend trading setup. Bat Pattern is one of my favourite harmonic patterns and having a check-back it does give the opportunity to engage the trade.
USDCAD presents a third shorting opportunity, Head and shoulder retest and on the M15 chart a doji form on the 200 moving average. Trade has engaged as I plan to have a tight stop on this setup.
A 5-0 pattern check back on CADJPY provided a trading opportunity for trend traders. Although it is not a rosy situation especially when the candle touches the HOP level, it certainly gives great returns.
Well, having the trade stop-out for some it can be a challenge for those to even think of another trading opportunity on this, let alone a shorting opportunity. While that is how a new trader and experience trader will react differently. As long as the market didn't break and close above the HOP level, it is still a valid bearish shark setup for a perfect...
A bearish shark check back on GBPJPY gives a counter-trend shorting opportunity on this pair. I will wait for the candle close on this pair which will be 10 pm (+8GMT) to decide my trading decision.
A bearish shark checkback setup on GBPUSD presents a shorting opportunity for traders. Not only it gives a fantastic shorting opportunity with its amazing Reward: Risk. When news is very bullish on UK Pound and it doesn't move that much, it leaves a clue of shorting. Trade has engaged.
Bearish Bat Pattern check-back on the resistance level. I will observe closely how the market reacts to the resistance level.
A confirmed harmonic pattern - bearish butterfly pattern setup and touches the HOP level. I'd placed a pending sell limit order on for a counter-trend trade in view of RSI Divergence and a great reward:risk.
A bullish bat check back trade has already setup. It's your call to engaged now or to set a buy limit at the level that gives you a better return. Conservative targets are set for this trade setup.
On the daily chart, AUDUSD is on the major support level, it does show signs of weakening of the bullish movement as the market display a series of lower-high. However, a bullish shark has completed and waiting for a retest for a buying opportunity gives a great Reward is to Risk ratio.
As EURUSD had a checkback on the bearish shark pattern, there are 2 major prices that I am waiting for the shorting opportunity. The first level I'm waiting to short is the previous high at 1.1873, traders might see it as a retest of resistance and head in for the shorting opportunity. Another level that I'm waiting for the shorting opportunity is at 1.1893, which...
A bullish shark pattern check-back for a buying opportunity. I will leave target 2 open and observe its movement.
A bearish Shark Pattern check back for a shorting opportunity, I've placed the pending order to short the market and will have extended target sent to my community. Check out the link in my bio or at my signature, and join our vibrant community chat.
I'm waiting for a check back of this bullish shark pattern setup and looking to long at 125.43. If the market can't break and close above 125.97 then I might intervene in the trade and exit the trade before it hits the 1st target.