We have a double bottom pullback trade on the GBPAUD. What's so special about this trading setup? Well, on the higher timeframe, the Daily Chart, there is a Bullish Crab Pattern check back.
Although the formation is complete beyond the PRZ, it sits nicely at the level and acts as a new support level.
If you are familiar of the Crab Pattern, you should know that...
Don't feel bad if you have missed the Bearish Shark Pattern movement, especially if you have deliberately avoided it.
I believe you would have regretted if you had long instead of shorting the Shark Pattern because you saw the news that the Bank of England had planned to increase the bank interest rate.
It is important that you know to stay out of news trading,...
CADJPY has been giving us an amazing trading experience. Once again, another Bearish Shark Pattern has formed up. What's different from this setup is that the 4-hourly candle has broken and closed above X. This is something that you shouldn't treat lightly.
You can head to the lower timeframe and wait for a Double Top setup with RSI Divergence on the 1hourly...
Last week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit.
If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity.
Well, there is a Potential Bullish Flag setup complete at 127.46,...
Bearish Shark Pattern has reversed on the dot of its completion. What's even better is that the completion of the pattern has respected the Supply Zone(mark as the red box).
Traders can wait for the retest of the Shark Pattern to engage on a shorting opportunity.
It never fails to amaze me when the market pause and reverse at these supply zone that traders often overlook.
I'm waiting for a shorting opportunity between 90.74~90.67. A Double Top with RSI Divergence will be the minimum requirement to engage the trade.
On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the...
The Bullish Bat pattern form within the Daily Chart of the Bullish Flag setup. This is a Trend Trading setup, advance traders could look for a Trend Continuation setup within the same chart by using the Combo Trade Manage System.
Do you remember we spoke about this trade how the Area of Concern(AOC) is important and how we could expect a Head and Shoulders trade setup?
(refer to the link, under the TradingView and study how I got the analysis)
Here we go, guys. What is your trade plan from here?
This could be a Combo trade, a term I've come up with to share the possibility of stacking...
As you can see there are 2 Harmonic Patterns that have the same potential of forming up. Although the Bearish Shark Pattern is about to complete, however, my trading bias is on the Bullish Gartley Pattern.
You may wonder, "Why the Gartley Pattern rather than the Shark Pattern that's going to complete?"
Well, the reason is simple, having the Bullish Gartley...
If you had not read my post at the bottom, most likely you had missed the Bearish Butterfly Pattern that already gave 69pips of profit on the first target and just visually a bit shy away from its second target that has the potential to bring another 114pips of profit.
It is important that in trading, we never, ever, ever chase the trade. However, we could wait...
Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run.
If you had missed those waves, don't miss them again! You might have a chance to engage the trade on the Bearish Gartley Pattern, if you manage to...
Follow up on the previous bull chart. Lower frame next. See those zones just leads into one and another making bull and bear setups in process. Practice precision entries and proper risk management. Paper trade first to make the infamous “i hesitate” fear go away. If you know by paper trading that your system works then you wouldn’t hesitate to pull the trigger....
$XAUUSD has reached a weekly local TOP here on a 9 Sell setup combined with a C21 combo countdown.
Wave 5 is also in progress but it is too early to confirm its completion.
Positive elements for a bullish continuation
- The most recent Sell SETUP 9 resets the previous countdown since its size is between 1 and 2.618 the previous TD Sell Setup.
- Still no signs of...
