Looking for shorting opportunity within the sell zone will be preferred. Engagement of this trade is based on the long term chart analysis, the daily timeframe. Whether this trade will be an aggressive engagement depends on how this 1-hourly candle close.
Compared to his siblings, NZDJPY, NZDUSD has a better setup. Both having bearish bat pattern o the daily chart, both having bearish engulfing with a pink arrow on the 1-hourly chart but only NZDUSD has a bearish deep crab setup. Pending Order place for his trade and let's see how this trade turns out.
A counter-trend setup on the USDJPY trade, pending order, has been placed to capture the bullish bat trading opportunity.
A bearish shark trading opportunity has setup, I would need to have a bearish candle and a retracement before consider to engage this counter-trend trading opportunity.
Another trend reversal trading opportunity, waiting for a retest on the 5-0 pattern for a buying opportunity.
Waiting for an indecision candle to engage the trade for a counter-trend trade on CADJPY. At the resistance level 76.60, traders have to observe if the market can break and close above the recent high before hitting the first target.
Last week video and the week before we did mention that we expect the market to retest at 104.30, right now we are waiting for that retest to relive itself and give us a trend reversal trading opportunity to engage the trade and exit the trade at 105.26.
Overall trend on EURUSD is bullish but on the lower timeframe, the 1-hourly chart I'm waiting for a break and close below 1.1825 then a pullback to 1.1841 for a shorting opportunity towards the buy zone.
Price is coming towards a key descending trendline and Fibonacci levels. I would like to see further development going into tomorrow, a potential break and retest of the counter trendline, looking for a sell setup down to 1.7300
This week I'm looking for a trend reversal/ counter-trend trading opportunity on the EURUSD. In short, I'm looking for a selling opportunity. Even when there is a potential Bullish Gartley in play, I'm looking for the shorting opportunity after it has hit its target area(red box).
Annotations in chart. Currently starting B wave countertrend move. How high it gets depends on greed, hope and fear. This could rollover ANY DAY without completing a very high retracement; not a buy entry IMO! Not investing advice; trade at your own risk!
This trendline will be the deal-breaker if the market didn't break and close below the trendline, I will be waiting for a buying opportunity as a counter-trend or even a trend reversal trade. However, if the market break and close at 106.04 or lower, I will be waiting for a retracement back to 106.34 to look for a shorting opportunity for this trend trading opportunity.
I'm waiting for a shorting opportunity on GBPUSD, if the market didn't break and close above the red box I will be looking for a shorting opportunity.
You see there are 3 scenarios on EURUSD and all 3 I am waiting for shorting opportunity. That's because EURUSD on the daily chart there is an RSI Divergence. If the market can't break and close above the black box, I'll head in for a shorting opportunity base on the bearish flag pattern. If the market head up straight to the red box then I will be looking to sell...
To dive in straight for a shorting opportunity isn't a sane action to do. A bearish candle confirmation is required before we could head in for a shorting opportunity. There is another entry opportunity on a higher level for this Shark Pattern trading opportunity, so sit back, relax and wait for confirmation before engaging the trade.
Bullish week for ZSX 2020, the resistance level was breached and no sign of slowing down. When everyone is having bullish reading, it is a good opportunity for us to Short. I would split my call today into two sections: If you are a scalper and speculator, now or today is a good time for you to LONG ZSX 2020. Not much upside, but you can do a "quicky" as...
When I first took a look at this on Friday afternoon I mentioned that I had a sneaky suspicion that the first level of structure would not hold & I would be very hesitant about looking for trading opportunities at that area. As I come back to check the charts now I see that we actually ended up violating that level before the days end. This sets up 2 potential...