GBPAUD has a complete bearish bat setup, and it is a counter-trend trade. This setup has a great Reward: Risk and market are near point X, the only concern is that GBPAUD is usually volatile and having it exceed point X before heading towards profit direction is a common scene.
A check-back(retest) on Weekly chart Bullish Bat, 4-hourly chart Bullish Shark and 1-hourly chart Type2 Bullish Crab all three as a counter-trend trade setup. Do not overlook the strong bearish candle, a confirmation is required before the trade engagement.
If a break below and close below of the current candle happens, I will engage a short trade. Trading at C is not what I advocate traders to do. The reason is that it is not a pattern until it completes and reverses at point D. In this case, it is possible because it has a Bearish Gartley Pattern that was ahead of it and a check-back to the HSI Arrow and a...
A 247pips profit on the Type1 Deep Gartley achieved, at this moment I'm waiting for a Type2 Deep Gartley for another shorting opportunity. If you love to know my new entry, stop and targets, check out link(3) on my trading view signature.
A bullish bat setup and confirmed, I'm waiting for a check back/ retest in engaging the trade.
A double top pattern with an RSI divergence has shown up. I'm waiting for a checkback to engage for the shorting opportunity. Some may ask, "Hey Rayn. You just got stop out on this, will you still enter?" My answer to that will be, "Hell YES! Only on the trading strategy that I've tested and currency pairs, I'm familiar with."
A bearish shark with RSI Divergence on the 1hourly chart creates a significant consideration to engage this trade. To top it up, on the 1-hourly chart(left) there is a 3-bar reversal with a bearish engulfing candle.
Range Bar chart has set up for a bearish crab confirmation the trade is a complete setup and I have other plans for its target level. If you wish to receive those, check out link(3)
A break of the trendline(daily chart) may be a sign for a potential change of trend. In this situation, an appreciation is seen as a false recovery before a significant dip in this currency. I will be watching closely to see if the check-back of this butterfly pattern provide an opportunity to engage this trade.
A trend trading setup presents itself, and it has six signs of a potential bearish move. 1. The market is back to the sell zone. 2. Bearish Gartley setup within the sell zone(supply zone) 3. AB=CD pattern setup within the sell zone 4. Arrow showing selling opportunity and market check-back to the arrow 5. Candle consolidate on the top of the band 6. Crab Pattern...
A bearish bat setup, X form at the consolidation structure before the drop of gold. This trading setup is an opportunity for both counter-trend trend-reversal trader to engage for a shorting opportunity; the only difference between the two is the target profit area. Trade has already engaged, what're your thoughts on this?
Another check-back on the bullish crab pattern, having such a long tail in a way comfort me to look for a buying opportunity. That being said, a candle confirmation is required before I engage for a buying opportunity.
A potential check-back on Bat Pattern seems to be not so far-fetched on this setup. It has been 1 of the trade highlight in 2019 and also a missed trade. Well, patience do pay off, let's wait off a couple of weeks and see if this trade still stands.
Miss the bullish run on the bullish crab setup? Well don't be, right now there is a trend trading setup on a bearish shark setup check-back. You just have to wait for confirmation to engage the trade. On the 4-hourly chart of the NZDJPY Bullish Crab also forms a sideway bounce which gives a potential for a shorting opportunity.
A bearish shark set up waiting for a retest for a counter-trend move. I will wait for a retest on the resistance as a checkback trade.
A Bearish Crab pattern forms within the range of a bearish bat pattern. Looking for a check-back on the bearish crab/bat setup and engage for a shorting opportunity. What're your thoughts on this? Comment down below.
A bullish crab pattern with arrow confirmation setup for a trading opportunity as the overall trend on the 1-hourly and 4-hourly shows a rather bearish and selling opportunity, I will be taking conservative targets for this trade setup.
A bearish bat setup on this timeframe does not necessary got me interested to engage this trade. However, look how nicely the candle close as a long shadow and below the previous candle high. I already have the intention to short at the market based on the daily chart. This provides a better price entry then to engage it directly on the daily chart. Just take...