PAIR: EUR/USD TRADE: COUNTER TREND TRADE POSITION: BUY TIME-FRAME: 1HR -------------------- Looking at a lovely Counter Trend opportunity here on the EUR/USD. We're at major structure support on the daily and this is a wonderful level, to look for a long opportunity. We had an equal level move, with fibonacci extension 127% and 1414% with a double...
Intra-day trade seems to be the norm recently for me. A Bearish Bat Pattern complete on the range bar chart in NZDJPY.
A Type2 Bearish Gartley Pattern setup could be the answer for a counter-trend trade. I'm waiting for a retest at 125.68 for a shorting opportunity.
GBPUSD is on a Bearish Trend, however, counter-trend traders could wait for a retest at 1.2983 for a buying opportunity based on the ABCD Pattern checkback. Trend traders on the other hand could wait for a shorting opportunity at 1.3053 for a trend trading opportunity.
MATIC/USDT - LONG IDEA The Market has moved into the Buy Zone off the Daily Timeframe and forming a nice up channel which acts as Support and Resistance moving towards our Target of 1.822. A Gartley has just been fulfilled off the 4 hour timeframe which normally could signify the new low price for us buy the market on our way up to our daily target 1.822. We...
DOT/USD LONG IDEA DOT/USD has broken into our Buy Zone Area we now looking for low prices to Buy up towards our Daily Target of 27.87917600 A nice up channel has formed and we going to use it as Support Resistance Levels to guide us to put Take profit levels identified . TP1 : 27.87917600 TP 2 : 25.32764000 SL : 13.79581645
TEZOS (XTZUSD)- LONG IDEA Tezos has broke into our Buy Zone Area off the Daily Timeframe we are now looking for low prices to Buy up towards our Daily Target of 4.3566. We have established an up trend/channel and looking to buy the counter trend break towards our Target 4.3566. Path 1 : If the channel holds then we could see the Market reversing off that...
GBP/USD broke lower from its consolidation towards the 1.3040 key support. If price stays above 1.3040 and bounces towards the upside, the GBP/USD is likely to stay within the range of 1.3040 and 1.3220 (180 pip range). However, depending on recent DXY strenght, look for short term selling opportunities of GBP/USD if it breaks below 1.3040.
Overall, NZD/USD have been trending upwards. With recent upside move capped at the 0.7000 resistance zone . As the NZD/USD retraced from the key level of 0.7000 currently slightly below 0.6950. Look for short-term selling opportunities of NZD/USD if price remains below 0.6950. Its next support zone is at 0.68400.
Following the RBA rate decision and statement, the AUD/USD rose significantly towards 0.7650 This move was driven by the Reserve Bank of Australia's rate statement indicating possibility of earlier rate increases possibly in May (previously expected towards the end of the year) Overnight FOMC members commented - balance sheet reduction soon and 'at a rapid pace'...
LONG IDEA - EURJPY Based off the Monthly Timeframe we have moved into the Buy Zone and now looking to Buy the market . If the Analysis holds true we anticipate the market push Bullish towards our daily Target of 145.733. The previous resistance could potentially become the new support round about 133.138 area . We as see a strong support level between...
Long Idea GBP/JPY: Based on our Analysis we see a Strong Up Channel based off the Daily time frame Making HH and HL we anticipate a pull back and then a further push to the upside to our 3 Take Profit Areas highlighted . TP1 : 169.067 TP 2 : 170.467 (Monthly Take Profit) TP 3 : 174.707 SL : 147.034 If the market does a Deeper retrenchment to our...
A Bearish Gartley Pattern set up on the range bar chart could be a great trading idea when the market is chopping on the 1-hourly chart. With that said, you need to know at which point is safer to engage, because you don't want to get whipsaw and got stop out.
Well, if you had participated in the post related to this article, congratulation, you would have earned the 1st target(32pips) and moving to our 2nd target now. I've engaged the trade based on the AB=CD Pattern setup and the market form within the buy zone.
If you had read my previous analysis, this is how Shark Pattern works, when the Shark Pattern hit its stop loss, it may present you another trading opportunity of a further entry price. The problem with most trader is the hesitance to engage the trade, and I can understand that, you just got stop out. You aren't certain if this should be the trade to take. The...
This is one of the trading setups that could give us an entry opportunity once the market opens on Monday(GMT +8). A 3-bar reversal will be a safer bet to engaged the trade. However, if you are comfortable taking some risks, the reward is much better now. Stop goes below X of the Bat Pattern by using my secret formula of the buffer.
Trading can be simple. A simple trade plan could bring in great profit. A break and close below the trendline of the USDJPY 4-hourly chart would make the trade possible.
I had profited 212pips on the AUDUSD Bullish Deep Gartley Pattern(check out the link at the bottom). It's only 212pips because I got in late. Now I had shorted the Bearish Crab Pattern at HOP level. One of the perks of this is the Reward:Risk Ratio. What I didn't like the candlestick consolidation looking left.