A bullish Gartley setup, in fact, it is a bullish deep Gartley setup. Trade at X is my favorite setup as it provides the best Reward: Risk.
In trading, every decision is a trade-off, in this case, yes it does give a great Reward:Risk but is at the brink of breaking the Gartley.
What's your trade plan on this? Comment down below.
3 counter-trend trading opportunity on USDJPY but let's look at the more recent 2, 1 on the 4-hourly chart, a bullish shark at 106.69 and a bullish butterfly at 107.11.
At this moment the candle shows a very nice setup for trend traders, a long shadow within the sell zone.
What will be your trade plan?
A bullish shark pattern that needed more confirmation and thing through that should it be engaged?
Sell Zone is near, if the candlewick touches the tip of the sell zone, I will be more reluctant to engage in this bullish shark setup.
Have you spotted that? If you don't perhaps more practice on charting is good then to jump right in.
For those who are looking for trend trading opportunity, then this bearish bat is a good fit for the setup.
Counter-Trend Traders, fret not, a deep bullish Gartley setup fits in perfectly to your daily chart double bottom with RSI Divergence?
What's your trade plan for this baby? Comment down below.
A bullish bat setup with AB=CD pattern and on top of that an RSI Divergence on the smaller timeframe, 4-hourly chart(left) gave strong setup for a counter-trend buying opportunity.
I've already engaged the trade, it's your analysis to decide if you should engage in this counter-trend setup.
On the daily chart(right), the market has retraced to the sell zone for a trend trading opportunity, it's a great opportunity for trend traders to engage for a shorting opportunity.
On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.
However, for both setup, the RSI was not...
A bullish bat pattern setting on a counter-trend trading, however on an ABCD pattern, it has a deeper completion.
Having a deeper entry means a lesser stop and in turn, it shows a better reward: risk, but on the flip side, you may miss the trade, your trading plan, your call.
A Bullish Shark setup as a countertrend trade meets a descending triangle, a breakout to the upside or downside is required to have a clearer picture of where the market will move and that is because of the RSI is neither in the overbought nor oversold area.
At this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup.
If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price.
What's your trade...
An inverted Ascending Triangle setup for a buying opportunity. A break and close above show a high tenancy of the market heading higher. So if the market head higher where would it most likely goes to? The previous high of the bearish bat entry point?
Long from the current price is both a breakout and counter trend trading setup.
Traders who are looking at a...
Classic support and resistance trade with RSI Divergence, great consideration for buying opportunity. A bullish crab setup if the market broke the support line, both setup acts as a counter-trend trading opportunity.
What're your thoughts on this?
On the 4-hourly timeframe(right), have you spotted the RSI Divergence that gave a great counter-trend trading opportunity if you have missed that then is back to the support and resistance trading setup on the 1-hourly chart(left).
Classic setup but it is still the most effection setup. For trend traders who are looking for shorting opportunity, do note the big...
On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity.
On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea.
Daily candle rejected as shooting star candle at lower high. Expecting one more push down, 1st target is 1.6050 then 1.6000 possibly a bit lower, after a pull back...
This is a weekly demand zone so after one more push down we could see a bounce from the low...
Setting up buy stop order just few pips above this week's high near 0.68 (would prefer buy limit near 0.67 instead, but since AU's seasonality for this month is generally bearish, I don't wanna risk a huge drawdown up to 0.60).
Confidence: C (this idea is against this month's seasonality bias and DXY going up to...
Setting up buy limit near 126 (2016 low) and buy stop order few pips above 130 to capture possible short-term correction and bounce between now and mid-August especially with GBP pairs currently moving close to interesting support levels and initial bearish bias in GBPJPY for Aug (already discounted) and bullish bias on Sep 10-year seasonality (despite being...
welcome to another free signal!
Important: This is a risky trade! Not more than 1% risk here! :-)
Sell-Limit after break below: 14,83400
Target 1: 14,53143
Target 2: 14,39368
Target 3: 14,25285
LEAVE A LIKE AND A COMMENT - I appreciate...
Bearish Bat setup still valid for this as long as the market didn't break and close below C, which was covered by X of the bullish shark pattern.
In this chart, it does also show a Bullish Shark, so what will you do?
Trade what you see is what I love to say, further confirmation is required, but never forget the basic of support & resistance so everything is...