Alert came in at around 4:35 pm (GMT +8) when I was having my tea break. The big long black bearish candle you see in the chart it's when it happens. I know that I have until 6 pm to make my trading decision. To trade or not to trade? Should I engage in both pairs or should I choose 1? That's how real trading can be. There's no need for you to guard your...
We just have to scrap the Bearish Shark Pattern as a trading idea, now we have an updated one. A bullish ABCD pattern for a counter-trend move. I will have to wait for candle confirmation before engaging in the ABCD pattern. A double bottom with RSI Divergence will be the best setup.
So making this short found a Divergent to upside have to monitor but looks like AUD going long COT people bought in heavy this week AUD so well see what happens Monday it is a counter trend trade so be cautious and wait for more confluences
Here we have a Bearish Butterfly Pattern on the 4-hourly chart. On the higher timeframe, we have a Bearish Deep Gartley Pattern at X that is just a few pips away from completion. I've shorted the USDJPY because of these two combinations. Furthermore, I have an RSI Divergence on the current timeframe. The second target has a more than 2:1 ratio. Let's see how...
A Bearish Butterfly has formed on the AUDCAD chart, if you are an aggressive trader, you may consider engaging it. Butterfly Pattern is 1 of the most misunderstood level. Many traders are confused about its completion level and have been guessing the stop-loss level. If you are one of those people, don't trade the Butterfly Pattern until you got the right mentor.
A Bearish Bat pattern forms in the GBPJPY Range Bar chart which is great news for countertrend traders. This is so because the GBPJPY it's pretty much on a sideway movement on the higher timeframe. Furthermore, it seems to respect the resistance level on the 1-hourly chart.
If you have followed me, you would have known that I've shorted CADJPY on the Range Bar Chart as a Bearish Bat Pattern path the way. What I did is to engage, took my conservative target, shift stops to entry and stretch my final target to the Bullish Deep Gartley Pattern. Before you start thinking out of the box, your fundamental has to be right.
As expected, countertrend bounce came in this afternoon. Expect it to continue into tomorrow. I have highlighted on the chart 2 levels to watch for the turnaround. Due to overall weakness, at this time, it does not look like the bottom is in.
Lots of bear momentum Lots of fear in the Market Price needs liquidity though to keep moving We'll see what happens We shall see how candles close at 1.128 Daily Zone on the 1Hr during NY and Asian Sessions Rejection or close below. IF we pullback up, im looking for 1.13
Daily Market Structure is Bullish and Weekly However Im looking for a pullback for liquidity in trend If I am Wrong I will be quick to cut losses. Looking for the price point 96.50 as a target for any shorts
Some traders may read this as a type 2 Bullish Bat Pattern but are certainly not for me. If you are having that conclusion by reading the candlestick pattern, you aren't wrong, but once again not for me. I would prefer to engage the trade based on the latest Harmonic Patterns formed in the chart, which is the Bullish Deep Gartley Pattern. The Deep Gartley Pattern...
A Type 2 Bullish Shark Pattern has formed in the USDJPY 4hourly chart. A type2 Harmonic Patterns mean that the market has fulfilled at least Target1 of the entire setup. At times we can have a weaker(slower) move towards the upside. On the 1-hourly chart, you could plot a trendline and set an alert to wait for a break and close above the trendline as an...
We are already in this trade. The 1-hourly chart Bullish Shark Pattern, check the link within the TradingView for more insights on this trade. But if I were you, I will wait for a break and close above of the blue trendline that was highlighted in the chart, that will give further assurance on the trade, but you will have to trade it off with the better entry...
A Bullish Shark counter-trend setup is great for counter-trend traders. Although this trade doesn't have great structure-based support, the Reward is to Risk Ratio is healthy. I'm in, will you?
A Bullish Bat Pattern is going to form and emerge at 76.31 as a counter-trend trade, but do you know that it is also a pull back from the daily chart after the market has double bottom? Between this and the EURJPY ABCD setup, I would prefer the NZDJPY trading setup. Which do you prefer? Comment down below.
A 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone. As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
I'm waiting for a Bullish Bat Pattern checkback at 1.8824 for a buying opportunity. Based on this timeframe it will be consider as a sideway market.
An Emerging Bearish Shark Pattern completes at 91.84 for a shorting opportunity. It seems too early for this setup but I've chosen to share this because of its potential Shark Pattern completion on the Daily Chart which comes close to the completion of the 1-hourly chart pattern.