At this time the overall probability from higher time frames is for DJI to move south (6H to 1D). However, there is a trend move probably on a 3 min to 5 min coming up. This could move DJI up from 20800 to possibly as an estimate 21600. This is not a prediction. Have a look. Also see my other video that tracked a trend change on the DAX (link is below). Note:...
A bullish deep Gartley form on the 15-minutes timeframe. Have to wait for the candle close and confirmation before engaging in this trade. Patience is required. If a break and close below D then I will be waiting for the previous low at 116.39 to engage the trade as a bullish crab.
A bullish ABCD setup near the important immediate support, if a break and close below the support traders can wait for the major support level before having your trade planned. One of the two to happen for me to engage the trade. 1. touch the blue line but not closing below it; 2. touch the tip of the blue box also known as the PRZ(Potential Reversal Zone) and...
A bullish bat setup on the 1-hourly timeframe provides a great trading opportunity on the EURJPY, not just it holds a great support level if gives the opportunity to engage trade with much lower risk and higher returns. It is a rare opportunity and should be missed. It could be the one trade you need this year. Trade plan ready for our community, check out the...
A bearish bat may just be a better opportunity in engaging the trade. I chose to temporarily ignore the spike(black eclipse) as the market just spike down in seconds on a 396pips of market movement. It did give me my profits on that but also understanding the candlestick chart, I've chosen to intervene and exit trades for my second target that has already been...
With a bearish crab form, up with such a long tail hitting 1st target for both trade(link at the bottom), both trade has to manual exit for their target 2. I will wait for the retest on this bearish crab pattern as a type to set up for a new shorting opportunity. First shorting trade GBPAUD Sideways GBPAUD H1 Sideway Bounce, RSI Divergence Short NOW:...
A bearish ABCD pattern setup for a shorting opportunity, on top of the sideways bounce setup that I've mentioned yesterday(linked at the bottom).
Sideways bounce detected with a checkback on the arrow. This setup is considered as a counter-trend.
Head up to the daily chart, and you will see that the market has just retested the previous high. There are two disturbing trendlines which act as strong support on this pair, especially if you are looking for a shorting opportunity. A break and close below the trendline and engage after the retracement would be a help.
The bearish butterfly pattern setup signals a potential retracement on EURUSD. The candle did go past the HOP level, but right now the Arrow indicator has shown up with an RSI Divergence(red line). Traders can wait for a break and close below the HOP level(without touching target 1) and retrace back to 1.1132 for a potential shorting opportunity.
An AB=CD Pattern has presented itself, it is a potential level of a possible reversal, with such setup without any strong resistance doesn't attract me to engage the trade. But this setup does help to extend targets of some of my existing trades. The trade link at the bottom. I'm grateful for this setup. Check out link(3) so you won't miss another trade ideas again.
GBPAUD has a complete bearish bat setup, and it is a counter-trend trade. This setup has a great Reward: Risk and market are near point X, the only concern is that GBPAUD is usually volatile and having it exceed point X before heading towards profit direction is a common scene.
A check-back(retest) on Weekly chart Bullish Bat, 4-hourly chart Bullish Shark and 1-hourly chart Type2 Bullish Crab all three as a counter-trend trade setup. Do not overlook the strong bearish candle, a confirmation is required before the trade engagement.
With coronavirus pandemic, it has caused great damage to Europe, thus causing one of the greatest depreciation that we have lived to witness. Right now, the market double bottomed with RSI Divergence on EURUSD at the HOP level. It might be a great opportunity for bold countertrend trade to head in for a shot.
A complete bullish crab pattern has emerged out of GBPUSD. Some see this as an opportunity for a bullish run for this pair. In comparison to the Euro, I'm certainly more optimistic on the UK Pound than Euro. Euro is too big of a continent in times like the virus. I will be waiting for an excellent buying opportunity for this pair.
Current in a GBPUSD trade after seeing DB and an engulfing candle form on the Daily Chart. Will be moving my Stop Loss when we hit our first target or 10Pips away from first targets. I have This trade Ratio @ 2:1R/R because I didn't want to open mutiple positions and monitor this trade going up! Until Next Time, Happy Trading
A bullish shark may set up for a second chance entry for traders who might just have missed the trade—a 556pips run(link at the bottom). Let us all not overlooked the bullish trendline, if the candle settled, consolidate and reverse at that point is our decision if to engage the trade at that point.
An ABCD pattern retest with HSI Arrow. Trade has engaged and let see how this trade rolls out.