Missed the bullish bat and ABCD pattern on the daily chart? Then missed the base of bullish bat, a retracement of the bullish bat, deep Gartley, ABCD pattern or rather uptrend bounce(my course content) on the daily chart?
No worries, anther bullish bat setup on the 1-hourly chart for a buying opportunity and hope you won't miss it again.
An inverted head and shoulders, not your typical head and shoulders. I love to trade in advance of such setup so, in my term, I have missed the setup, so what's most likely going to happen to me is waiting for 1 if the bullish harmonic patterns set up on the 1-hourly chart for a buying opportunity.
Within the double sell zone, forms a bearish deep Gartley and its only valid if Pt C touches 1.1006. Harmonic Patterns there are minimum 8 rules to it and an extension to 15rules if you are very conservative traders that will increase your winning rate but affect your profits as some of the trades you may miss.
Or you can simply wait to engage a short within the...
On the daily chart, is a nice bearish engulfing after a magic candle(indecision candle) for a selling opportunity and it closes within the sell zone(pink box).
Although on the 4-hourly chart(left) the candle break and close below the trendline, it still rested above the sell zone box show insufficient weakness on the market.
Having this conflicting market...
A bearish shark setup for a selling opportunity in this trend trading setup. A shark pattern can have up to 3 entry price so is important that you have learned it right.
I may not engage directly and need further confirmation. Before market close GBP related pairs appreciate across the board, have to have some read up on Brexit related news to check on the...
Yes, both trendlines are pointed at different directions but you can see how similar it can be based on my analysis.
First, we have to register the fact that the trend on the 4-hourly chart is still bearish and the market is within the sell zone. I am waiting for a shorting opportunity.
So a bearish engulfing might just set up well for me to engage a short...
A bearish shark looking to complete at 1.2528 on the 4-hourly chart as a trend trading opportunity and within the sell zone, I would say is a pretty good trading idea.
Looking at the 1-hourly chart, there is a buy-zone and the width of the buy zone is a good 80pips movement(don't judge the pips potential by the chart, chart are fit to screen).
My trade plan is...
At the point B of the Bullish Gartley or Deep Gartley, it could be an ABCD Pattern, if that happens and the market had a bearish run, it will be a Gartley pattern instead of a deep Gartley pattern.
Having the Gartley pattern form it gives me a third chance entry to long, if market break and close above the resistance(red line) is likely to extend higher...
I do see a likelihood of GBPUSD head lower towards the butterfly pattern before heading up to the bat pattern. That, of course, is the best-case scenario for the trade.
Whichever form up should give a great trading opportunity. Bullish Butterfly acts as a countertrend trade and Bearish Bat as a trend trading opportunity.
You can see how the trade develop from...
A full streak of a bearish trend on the daily chart, 4-hourly chart, and 1-hourly chart on EURUSD.
A likelihood of a bearish run after a potential retracement from the current price or a wait of double bottom when the market retest on the purple line would be joyous to countertrend trader.
Most likely I'll be waiting for a double bottom to head in the trade by my...
If you happened to be in our live session you will get to see what's my trade plan for this, a great 52pips run for those who have long at the base of the flag pattern. You can still watch it tonight at 1808hr on my facebook link at the signature.
An upward breakout has been confirmed, for traders who were waiting for fibonacci retracement, here's your...
A bullish bat forms up at the buy zone as a countertrend trading opportunity.
With RSI Divergence it had just made it a great setup for the trade, however, after my buffer is added in, the Reward:Risk didn't achieve a 2:1 trade and is all due to the drop in market volatility.
Hence, another myth breaker that high volatility is bad for trading.
A bullish crab pattern setup for a countertrend trading opportunity. The retest of the support line nicely touched the previous support and rebounded.
Traders who have missed this entry can wait for a retest of support of low of the candle body to engage the trade.
On the daily chart(right), the market has retraced to the sell zone for a trend trading opportunity, it's a great opportunity for trend traders to engage for a shorting opportunity.
On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.
However, for both setup, the RSI was not...