- Trade Strategy: Bullish Shark Pattern - Key Level: 0.6454 (Retest Level) - Challenge: Strong Bearish Movement Analysis: - Importance: Highlights the difficulty of trading a Bullish Shark Pattern amid strong bearish pressure - Technical Analysis: Identifies a Bullish Shark Pattern on the AUDUSD chart - Challenge: Requires a 3-bar reversal and candlestick...
Overview: Bitcoin (BTC/USD) is approaching a key resistance level at $72,295, which could impact its near-term price action. Here's a breakdown of the current analysis and potential trading opportunities. Technical Analysis: - Resistance Level: Bitcoin is approaching a significant resistance level at $72,295. - 4-Hourly Chart: A close above this level could...
FSR has been mentioned as a bankruptcy candidate. It has been on a super trend down on reports that it does not have enough cash reserves to meet operating expenses and production quotas. However, any review of the chart in the past quarter shows that it is capable of counter trends where it suddenly gains 10 to 20% in market cap in a short period only to...
This week, I'm looking at NZDJPY with a bearish perspective, and here's my trade plan: 1. Bearish Shark Pattern Confirmation at 91.74: I'll be patiently waiting for the Bearish Shark Pattern to confirm at the level of 91.74. This level coincides with the formation of a Head & Shoulders pattern, adding confluence to the bearish setup. 2. Extended Trading...
This week, I'm leaning towards a shorting opportunity on EURUSD for a couple of reasons: 1. **Bearish Shark Pattern on Daily Timeframe:** The presence of a Bearish Shark Pattern on the daily timeframe suggests a potential downward movement in the price. 2. **Breakthrough of Bullish Gartley Pattern:** The Bullish Gartley Pattern on the 4-hourly chart breaking...
For those looking for a trading opportunity on GBPUSD, here's a potential setup: - Setup: Bearish Deep Gartley Pattern - Completion Level: 1.2726 The GBPUSD weekly chart has shown a bearish trend. The Bearish Deep Gartley Pattern completion at 1.2726 presents an opportunity for traders interested in shorting GBPUSD. Please share your thoughts on whether you are...
This week's bias for EU resembles GU's, but I wouldn't be surprised if EU rises slightly to clear the 2-hour refined supply before dropping to remove the trendline liquidity below. Nevertheless, I anticipate price to eliminate the trendline liquidity and fill the small imbalance just above the demand zone. During this process, I expect price action to slow down...
This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn. I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys...
In our NZDJPY analysis, we are observing a potential shorting opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Level: - Entry Point: Bearish Shark Pattern Retest at 92.07 The Daily Chart reveals a Bearish Gartley Pattern at X with RSI Divergence, suggesting a potential bearish...
Those who went long on the NZDJPY Bullish Butterfly Pattern might have profited more than 100 pips (~1,000 USD/lot). The trader suggests waiting for a Type 2 Butterfly Pattern at 89.35 or a retest of support at 89.73 for a counter-trend buying opportunity. What's your trade plan for NZDJPY?
In comparison with EURUSD, GBPUSD appears more attractive for a counter-trend trade, featuring a Sideway Bounce trading setup. The plan is to wait for a market retest at 1.2608 before entering a buying opportunity. What are your thoughts on this potential trade?
In the prevailing bearish trend on EURUSD, if you're on the lookout for a buying opportunity, consider a counter-trend trade to go long at 1.0779. Of course, patience is key, and waiting for additional trading setups might be necessary. Share your thoughts on this potential trade!
An amazing Bearish Fib-3 Bat with RSI Divergence has surfaced on the CADJPY 1-hourly chart. While some may see this as a great counter-trend trading opportunity, others might interpret it as a warning sign and choose not to engage. But here's the twist - it's a Combo Trade. On the Weekly Chart, there's a Bearish Shark Pattern Retest, accompanied by a Type2...
Check out these advanced trendline trading techniques for NZDJPY. If you're seeking a counter-trend trading opportunity, watch out for a Magic Candle Confirmation (MCC) on the Bearish Trendline. This will signal an entry point for a short trade. Once the pair touches the next trendline, consider shifting your stop to entry and decide whether it's a...
The USDJPY's Weekly chart is showing signs of a potential Head and Shoulders formation. While engaging directly on the weekly chart might be considered risky, what if we use a Combo Trade Management strategy? There's a Bearish Shark Pattern on the Daily chart, and we might witness a formation of a Bearish Deep Gartley Pattern on the 1-hourly chart, providing...
Risk aversion reigns supreme, casting a dark cloud over AUD/USD just before today’s employment report drops. A stellar jobs report is unlikely to spark calls for an imminent RBA hike, but it might prompt some short covering on the Aussie. Besides, there are early signs of stability above the 65c zone with Wednesday’s lower wick, which saw a false break of the...
CADJPY is displaying a confluence of bearish patterns: 1. Weekly Bearish Shark Pattern: - Retest in progress. 2. Daily Type2 Bearish Gartley Pattern: - Completion aligns with the Bearish Shark on the weekly. The trader plans to wait for a confirming candle on the daily chart near the level of 110.37. Share your insights and trade plans for CADJPY!
EURJPY presents an interesting scenario with a potential combo trade, or is it? Let's break it down: 1. 4-Hourly Bearish ABCD Pattern: - Retest completion at 161.74. 2. Daily Bearish Bat Pattern: - Completion at 162.55. Two patterns, two different starting points. Is it a combo or a dual setup? Share your thoughts and let's navigate this intriguing trade...