On the Daily and 4-Hourly Chart, the EURUSD has displayed a Bearish Trend and on the 1-Hourly, an Uptrend. This is my prefered setup as I could potentially sell at the High and exit when the price went lower. I'm waiting for a retest at 1.1322 or preferably a Double Top with an RSI Divergence to engage the trade.
Bullish Bat Patten touches the D Point completion with strong Bearish Candle and a warning sign at Point C. Is this the kind of setup you will be interested in? I'll be waiting for the 5pm(GMT +8) candle close for trading confirmation.
Wait for the counter-trendline to break before entering with volume confirmation. Kindly note that this is not a recommendation and consult your financial advisor before investing.
152.65 is the complete price of the Bullish Bat Pattern, so why didn't I engage in the trade? Because it forms up too early. Yes! You hear me right. There are many rules to validate a Harmonic Pattern. And it's impossible for you to figure them out. I'm waiting for the retest at 152.65 for a counter-trend trading opportunity on the Bat Pattern and that will...
Before we go into the Shark Pattern, the EURUSD has a Bullish AB=CD Pattern on the daily chart and it's making a check back. This could just be 1 of the better setup that counter-trend traders can wait for a buying opportunity. Trend Traders have to be slightly patient as 1 opportunity you can hop on is the Bearish Shark Pattern that completes at 1.1451 within...
A Bearish Gartley Pattern forms within the double top retracement within the longer-term Bearish Trendline. To sweeten the deal, the confirmation ends with a long shadow candle/pin-bar completing the Gartley Pattern. The downside of this is that the RSI has not reach the overbought zone and the closing price of the long shadow candle can throw traders off the...
If you had joined us last night, you would have seen how we use the Double Top Retracement zone and project a Bullish Butterfly completion that hit our final target level. The market sort of did a rebound after it "woke up" from the ungodly hour. Check out the live stream and you can see how the analysis was done at , you could watch from the start and learn...
On the Daily Chart, GBPUSD has finally broken and closed below the support level and has been deemed Double Bottom, Mission Impossible. A key resistance level at 1.3428 works on all 3 major timeframes, namely the daily, the 4-hourly and the 1hourly chart. You can wait for a double top setup on the 1-hourly chart the engage for a shorting opportunity. If you are...
Do you dare to short Gold? If you do, $1866.73 is a good price you can consider engaging the trade on a Bearish Gartley Pattern formation. However, a 3-bar reversal pattern is required on the daily chart as a minimum requirement for me to engage the trade base on the Daily Chart and with an RSI overbought or RSI Divergence.
There is a bullish flag pattern on the USDJPY daily chart, however, I'm looking to buy lower the the flag pattern and engage the buying opportunity on the Deep Bullish Crab Pattern's HOP level that completes at 112.65.
I'm waiting for a double bottom to complete at 1.3446 for a buying opportunity, as long as it never breaks and closes below 1.3419, it will be alright for me to head in for a buying opportunity. I'm into this double bottom trading opportunity, partly is because on the daily chart the market is showing a sideway bounce setup, and this is 1 of my favourite trading setup.
In the wake of a stronger than expected US labour market report for October 2021, the Euro appear to be taking a bounce from fresh annual lows under $1.1520. Despite citing a Double Top pattern with a successful Breakdown of Neckline confirming a reversal pattern, I am looking forward to taking a "quick" countertrend in the coming week with my eyes still on the...
GBPCAD - Nice shark pattern forming that I'm looking to trade (Countertrend) to fill the previous imbalances before a possible continuation. We currently have multiple BOS and bullish momentum. Let me know your thoughts!
If you are waiting for a ranging trading opportunity or a sideway movement, a Bearish Gartley pattern should be what you are looking for. The Gartley Pattern is not the best setup we have identify and that is because Point C has touched Point A and that is a huge red flag for harmonic pattern traders.
The blue line that you have seen on the daily chart within this chart has turned to a red line that you can see on the current 1-hourly chart. Counter-Trend Traders can wait for a shorting opportunity at 114.25 on a Bearish Shark Pattern as a counter-trend setup. I will be waiting for the market to consolidate at 114.25 before I engage the market.
On the daily chart(related ideas at the bottom), the market is showing a Bearish Channel. Shorting became great idea for traders who are looking for trend trading opportunities. On the 1hourly chart, traders can wait for shorting opportunity once the market has retraced back to 1.3741. Counter-Trend traders can wait for a double bottom trading opportunity when...
I'm waiting for a shorting opportunity at 1.1587 as a trend trading opportunity. Counter-Trend traders can wait for a double bottom opportunity at 1.1538 for a counter-trend trading opporutnity.
A bullish butterfly pattern checks back and it retests the previous candle wick that complete the butterfly pattern with RSI Divergence. If this is for you. a Deep Gartley Pattern and Shark Pattern formed on the daily chart for a buying opportunity. Based on the daily chart it is a trend trading(buying) opportunity for trader.