Short setup - As planned - Sell Stop Setup: - Entry: 0.70074 - Stop: 0.70210 - TP1: 0.69603 - TP2: 0.68829 - TP1 Reward: 3.47 - TP2 Reward: 9.15
After the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade. Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
After the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade. Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
A bearish shark pattern has formed on the 1-hourly chart, it is not convincing for me to engage the trade reason being of the consolidation area and both oscillators are not congruent, however, the 4-hourly chart looks good as a double-top, I'll need a confirmation candle to engage it. Now, why is that so? The overall bias I have on this trade is bullish on both...
Long Fishing Setup - Buy Stop at current H1 candle break about its current high Setup Entry - Entry: 0.95437 - SL: 0.95356 - TP1: 0.95754 - TP2: 0.96121 - TP1 Reward: 3.91 - TP2 Reward: 8.44
This pair is currently pushing down very strongly on the daily chart. But, it is coming into an area that I consider to be the Weekly Support Zone. This is an area that the USDCAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be waiting...
The selloff appeared to have reached a recent low defined by liquidation, high anxiety, hitting potential short to medium term lows by 2:30 PM on March 23, 2020. For the longer term position trader who would be no different than a long term investor in large cap companies, The prices for the week ended March 25, 2020, may have been an opportune window of entry...
It's a great bullish run on the previous Gartley pattern where my final target profit level was set at 108.40(+129), unfortunately the trade was taken out by our protective stop at 107.40(+29), and it just never presents an opportunity of my preference to engage the trade. You have to know that in trading all decision has its pros and cons, if the stop-loss is...
An ABCD Pattern that has touched the HOP level which coincides with the support and resistance level. It is an area of great consideration for a countertrend trade.
A bearish crab setup as a counter-trend trading setup. This trading setup can be tricky, the PRZ form out of the downtrend trendline, the market also has a break and close above of the PRZ. It is still a trade I would engage after the confirmation. The 1st target I'm going to exit is within the buy zone, that would enough for me to place my stops to entry for my...
POSSIBLE OPPORTUNITY FOR SHORT TRADE
A type2 bearish shark pattern is in the zone. It's known as the type2 pattern because it has reached the first target. Sell limit has been placed.
Hello Traders!, What Is The Market Telling Us? Strong bullish momentum in the market after reaching 2-year low Price is over-extended as it is far away from 50EMA (Price always returns to MA) EUR strength could be at a hold after reaching supply zone made form early April When Should We Enter? Best time to enter would be once a clear bearish...
Coming into this week we have an upside risk to the GBP, over the last 2 weeks we have seen a run down in price and have Hit a volatility zone at 2.00. Volatility box: A zone on +/- 50 pips where price can move freely outside the zone until conformation higher or lower At this time we are looking to see do we get a conformation of 2.00 out of the volatility box...
During Wednesday Midweek Market Analysis, we did talk about this didn't we? The double top was there at 107.54, I've shared that it has to touch 107.33 and wait for a rebound before I will be interested to short at 61.8%-78.6% rebound. See what happen to the market. Isn't that beautiful? Stay close in our community for every session so you won't miss out any of...
Bullish Bat pattern setting up for a countertrend trading potential, let's see how the candle forms up on point D completion.
A potential head and shoulders setup on the GBPJPY trade. Having the indecision candle with RSI Divergence made it more trade worthy. I'm waiting for further confirmation to engage this trade.
A bearish shark setup on a counter-trend trading opportunity. Trade has engaged, waiting for a shorting opportunity when the market check-back.