This is what typically happens to a shark pattern, you get bitten the previous round and you come in for more. A shark pattern can have as much as 3 entry price, if you aren't familiar with it, you can get a bitten twice in a row and you may say, no, I'm not engaging this trade. Guess what can happen on the third run? It can hit your target profit and you get...
This pair is currently in a downtrend, but like GBPCAD, it is now pushing down towards a level of structure that is a major level. This is a level that could provide a nice counter-trend bullish bounce out of the NZDJPY. For this reason, I will be looking in this grey area this week for possible long trades. Weekly Support Zone (Grey)= (61.180-63.00)
A type2 bullish crab trading opportunity at the PRZ level, it will be nice a reversal pattern happens at the PRZ level. It the market break and close below the PRZ level, this trade will be invalid.
The bullish crab pattern has gone past the PRZ level. Right now there is an up arrow all that is needed is a bullish candle confirmation for a buying opportunity. Personally, since it has past the PRZ area, I would rather to wait for candle confirmation at the HOP level.
In this sharp drop in UK Pound, you can either wait for a retest back into the red box to short or consolidation at the HOP level for a buying opportunity on this deep crab setup. I will need the pink arrow pointing up to appear in order to do that, in addition, a bullish reversal at the HOP level.
A bullish bat pattern for a counter-trend trade, at this moment I'm waiting for confirmation before engaging this trade.
A bullish crab pattern waiting for a trading opportunity. A pink arrow confirmation is required to engage this trade setup.
Here on the NZDUSD, we have a market that has just come into a level of resistance that I will be paying attention to for short trades. This is an area that has been tested multiple times as support and could possibly be a level that this market pushes down from. This would qualify as a valid Optimal Trading Zone where I'll be lookng to short. Weekly Resistance...
This pair is currently pushing down very strongly on the daily chart. But, price is operating around the Daily Support Zone area. This is an area that the EUR/CAD 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 looking in this area for...
Hey Traders! Happy Sunday, Firstly, we have the CADCHF. This pair is approaching a nice Daily Resistance Zone. This is a level that this market has used multiple times as resistance in the past. Because of that, I believe that we could see counter-trend opportunities from this area. That is why I will be looking in this area for possible short trades this week...
A bullish Shark pattern forms up on usdcad 1-hourly chart as a counter-trend trade. Observe how the pattern form up at the PRZ area(blue box) it's important. Let's see how this trade idea rolls out.
A bearish Bat pattern has form on AUDUSD 1-hourly chart. Check your data, my Live account shows that Point C touches the candle body of A, that's a warning sign for me.
A bullish butterfly setup for a counter-trend trade on the 1-hour timeframe. Waiting for my filter to confirm the setup and buying opportunity.
NYSE:KO Coca-Cola has been on a bearish trend since March April, though has had some short term bullish runs of a few dollars during that stretch. We are going to attempt to pick up some returns with a short term trade that will ride this cycle of ups and downs during a bearish trend. Before getting into the trade setup, let's look at what the chart tells us...
A bullish butterfly check-back spotted on EURJPY Daily chart. A special trade plan has developed for this setup and pending order are in place, for a lower stop and higher returns. Let's see how this trade work out.
A bullish bat setup and completes as X surely pose a warning sign, if you head up to the 4-hourly and daily chart, at this moment the level is not within any support level. Advantage of this trade is that it yields a very good RRR and an RSI Divergence. What's your take on this?
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. a potential counter-trend opportunity 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...
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...