EURUSD is having a sideway bounce across all 3 timeframes. I"m waiting for a buying opportunity on EURUSD Bullish Bat retest within the blue box which is also known as the PRZ(Potential Reversal Zone).
A Bearish Shark Pattern as a countertrend trade form up on both GBPJPY and EURJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon...
A Bearish Shark Pattern as a countertrend trade form up on both EURJPY and GBPJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon...
A Bullish Deep Gartley Pattern complete at X might be a Harmonic Pattern that traders may forego. Well, for me this is 1 of the best setup as I got the lowest risk possible and highest return. And to make things even better, I've engaged a single target short with 2unit when the candle break and close outside of my channel as a potential bearish flag...
A potential Head and Shoulders formation on the EURJPY, I will be waiting for a candlestick confirmation at 129.00 on the daily chart for a buying opportunity. If the market further extends, it may stretch to the Bearish Shark Pattern.
Last week, I've shared with you a Bearish Shark and Bearish Crab Pattern. If you have engaged the trade, that would give you 83pips of profit, which is 830USD/lot traded and you have not reached the first target yet. If the market retest 1.1800, that is an opportunity for you to engage for a shorting opportunity. I will be waiting for a double top when the...
The Bearish Crab pattern meets the X point of the Bearish Bat pattern. By 1000(UTC +3) or 1500(GMT +8) could be the decision point for those who are seeking to short this pair.
A Bearish Bat Pattern pose as a counter-trend trade on the 1-hourly chart gives trader to short against the weak Ascending Triangle on the 4-hourly timeframe. Depending on how fast the retracement move is going to happen, the Target2 maybe just seated on the retest of the trendline of the Ascending Triangle on the higher timeframe.
A Bearish Gartley Pattern that can only form up on 1230(UTC+3) or 1730(GMT+8) for a sideway consolidation shorting opportunity. The thing about harmonic patterns, it has specific rules.
Well, the market might bounce off from the sideway Increase Volatility and the 1st level it stretches to might be the Bearish Bat setup which is a more stable trading setup compared to the 1 I'm in(sideways increase volatility trendline within the buy zone{blue box}).
If the 2 bearish candles didn't appear before the market close, the Head and Shoulders formation is an almost perfect setup. Now we need to have the awareness that the Bullish Shark Pattern may form and that will weaken the Shark Pattern. At this moment it is still too early to make any decision, it will be critical when the candle break and close below Point...
Do you remember the Bearish Shark setup that I've shared on 15 March 2021? Well, I don't remember the exact date, but tradingview does. That's 1 thing I love about tradingview. It helps traders to differentiate the real trader apart from those who just do screenshots that are favourable to their desired outcome. For those who have engaged on the Shark Pattern...
Last week, I've shared with you that USDJPY is going to have a Bullish Shark Pattern set up within the 5-0 Pattern and the price to engage on the countertrend setup is 109.73(you can check the link within the TradingView chart and you can find the chart link at the bottom). The final target for the Shark Pattern brings 53pips of profit which is approximately...
Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1. Counter-Trend...
Two Harmonic Patterns Converge at 1.1892. I'm waiting for a retest at that level for a shorting opportunity on the Bearish Shark and Bearish Crab Pattern. Both Shark Pattern and Crab Pattern is a counter-trend setup and it is more likely for this pattern to consolidate, retest and retest before the actual move. Once the market retest the Bearish Channel, it will...
A confirmed Head and Shoulders formation on the 4-hourly chart with an RSI Divergence gives an opportunity for trend reversal traders to engage in a counter-trend trade. The 1-hourly chart trendline has greatly improved our entry price by 63pips and I've engaged the trade at 87.13 when the candle touches the trendline and has a 3-bar reversal with a bullish...
Hi Traders! The market is in an Uptrend. This statement is supported by the fact, that the SMA 50+200 are crossing bullish right know, which is also called a "Golden Cross". So now, as the market is going up, we have to see when it's going to be over. So we here have some indications why the market is goint to end soon: Price moved really far until now ...
A Harmonic Pattern that is fit the criteria of a counter-trend trading setup on the CADJPY has been established. This is not your usual Bat Pattern but a Fib3 Bat or some called it the Alt Bat which works fine with me. I'm waiting for the candlestick confirmation to decide should I be shorting the Bearish Bat Pattern on every hour candlestick close.