Last week midterm election got us to exit this trade before hitting the final target. This week, I will be looking for a shorting opportunity.
Overall movement is still bullish for this trend, not saying short is impossible, but just take extra caution for such trade.
Short to the blue box and look for buying opportunity, that's the plan. So sorry that is so straight and without much explanation, due to the latest update of trading view, certain keywork I can't use. Check out the tags and make guess to it, the exact entry, stops and targets are posted to my inner circle.
This is a counter-trend trade setup. However, the risk to reward ratio isn't the best, at the 2nd target it does not produce 2 times of the reward to the initial risk. Something for you to consider. If you love to receive this kind of trade-ideas on a more regular basis, just join our inner-circle group. If you love this analysis, share this with your friends...
As this is not the only entry price for this formation, I will need for a confirmation to engage this counter trend trade. Shark has a great profit is to risk ratio, however, engage on shark trade is like swimming in the sea. Exact Entry, Stops and Targets will be shared to my inner-circle.
Bearish Bat formation give us an opportunity to engage as a trend trading opportunity. I will be engaging this trade base on extended targets. Exact levels shared with my inner-circle.
In reference to the Daily chart, GBPUSD it is still on its bearish trend. Thus, this trade is a counter trend trade. If you aren't in yet, DON'T CHASE the market as the 1st target has been achieved, we have already shifted our stops to entry. If you like to get in touch of the trade ideas and not missing out any more trade, just get into our inner-circle.
This trade is still live just note that the overall trend is still bearish. Great profit and risk ratio, do note that Tuesday there is a MidTerm Election going on and that may cause huge and uncertain market movement.
USDJPY on the daily chart shows a bullish trend. Do note that on 6 Nov 18 there is a US Mid-Term Election, the market can have extreme volatility. Traders who are not prepared for this, should consider to net off all existing position and stay out the trade. The box area marks up as the Buy Zone that I am looking at. At H1 Chart shows a possible counter trend...
Trend Trading Opportunity will be taking extended targets. Exact Stops and Targets will be shared with my inner-circle
To some, this may not be valid formation but to me it is. The new update of trading view causes some words can't be used so I apologise for that. 1 important note is that point C might have a deeper retracement and that will cause point D to be lower, there will be a post update if such happen. I'm using this to engage the trade but not taking the convention...
Will this be a head and shoulders or another pattern setup. Either way, I'm waiting for it to form up. Engaged based on CT trade. Exact engagement will be shared with my inner-circle.
With the latest update on trading view, it poses a challenge for what I love to express in the analysis. Actual stop and targets will be shared with my inner-circle.
1 of my favourite sideways formation but it comes with a complication with this setup up, as it prone to upside movement. However, the overall trend based on H4 chart it is still a Downtrend movement. Exact Stops and Targets shared to my inner-circle
Bearish setup, ready to short once candle close as you see it was posted. Targets and stops will be shared with my inner-circle
Waiting for the restest to form up at this level to continue the trend trading setup. Will be taking 2 targets, exact entry, stops and targets will be shared to my inner circle.
When Bat overlay on Shark how will you trade? As for me, since Shark is the first pattern that forms up, I will trade based on that, however, Bat target level is earlier than Shark, once that happens, I may shift stops to entry. Exact Stops and Targets will be shared with my inner-circle
I will be waiting for the market to retrace back to the sell zone and look for shorting opportunity as a counter-trend trade. Exact Entry, Stops and Targets will be shared to my inner-circle