On the daily chart the market break above and close above the Resistance(Red Line) but on the 2nd candle it closed below. Hence, EURUSD on its daily chart hasn't formed a bullish bias yet. However, on the 4-hour and 1-hour chart, the bullish bias has been formed. Based on the 1-hour chart and how most trend following trader trades, the green zone will be the...
Bearish Shark form and having the reversal candle form up the candle before gave a great indication to engage the trade.
A double top formation spotted last night and the stops and targets shared with our participant who attended our 3-hours workshop. Do you like to get in touch on the latest Trade-Ideas, just PM us so, you will be in touch with the trade.
Bullish move on USDJPY. The red box on the 4-hrs box is an opportunity to go long on this timeframe.
Pt X was pretty important to hold the overall market movement, not. The last line of the bearish move is held by the red line which meets in Pt D. Will be taking Target1 on conventional target still.
EURUSD D1 rejected the resistance line, will have to see how the market reacts to it in this coming week, and as for now, the market is still considered bearish based on the daily chart. I will stand aside for a clearer market confirmation.
Bullish Bat Pattern Formation, I'm placing pending order for this and taking traditional targets. Entries, Stops and Targets send to inner-circle
Bear Bat Formation and as of this I am placing a pending order on this for a shorting opportunity. Reason being? H4 short, if you can read support & resistance, you will understand why. Posting actual level to my inner circle community.
Let's just call this Support and Resistance trade, consider as a Class C trade as it only provides 1:1 Reward is to Risk. It's consider as a counter-trend trade based of this timeframe and H4 and D1 chart.
Still a Bearish setup. It is perfect when the "Head" of the Head and Shoulder formation completes at the last holding line of the bearish move. Headed in for a short on right shoulder, what's more, is it touches the Bearish Butterfly formation. To our inner-circle community, they had a happy week, but don't overtrade this coming week and never, never give back...
Trading head and shoulders the right way or rather a better Reward:Risk method. Have you also spotted RSI losing momentum? That is an important criterion for me to engage in this trade. Look left, there is structure in both shorting area and profit taking area.
What's make a better shark then 1 completion rest on major resistance and only entry for shark?
A head and shoulders bottom formation form up, is a counter-trend trade, more importantly, the trade is still in the sell zone. The good thing about this trade is it produces a 2:1 and that's a healthy reward for me, hence, trade engaged. Look at how the RSI Divergence work in my favor and that is another add on why I still long when market is on its sell zone.