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.
Bullish Shark Appear, trade has already engaged as this is a counter-trend trade though with relative great reward:risk, I will be taking conventional targets. Trade Engaged
USDJPY Bearish Bat forming up on USDJPY H1 chart, this will be a counter-trend trade, hence, I would be looking for confirmation before engaging this trade. I will not be taking traditional targets for this and will be sharing those with my inner-circle.
Currently, on the H4 chart and RSI is showing a possible change in price action however based on my fundamental analysis on the current situation in Turkey and Argentina, trade war etc..... I am still bearish on EURUSD. On the H1 chart itself, there is currently no distinct indication of trend change ( Bearish to Bullish) although it did signal an indication of...
Bearish Bat on a Bearish Trend landed on a Sell Zone. Trend Trading that is. The engaged timeframe was M15 profession trader may look for extended targets. Targets and Stop will be shared with inner-circle group. A clue, even on Target1 poses a great Reward:Risk
It's a counter-trend trade, waiting for re-test for me to engage for a long opportunity. Exact Entry, stops and targets will be shared with my inner-circle group.
A Fib3 Bat form up, on a downtrend channel(D1), candle in the resistance zone and if the candle spike up touches D without close above the resistance(red line), the trade setup will be perfect. Waiting for the signal candle to short NZDJPY
Higher TimeFrame displays a bearish trend and instead of engaging the trade on Double Top, I've spotted a Bearish Shark Formation. Stops and Targets will be shared within my inner-circle
Bull Shark Formation forms within the buy zone I was looking at. Typically a shark pattern has 2-3 different entry point, do take note of that and do not trade off blindly. Course Director of Harmonic Pattern will be having a 3-hours sharing session on 1 of his favorite pattern - Bull Bat Formation. PM me if you are interested to attend, that will be on 11 Sep...
An Inverse Head & Shoulder Bottom forms up for a long opportunity. If the market didn't gap, I will long once it open and place stops below the tail of the shoulder. Trend Trading Trade for me though is not the most perfect setup.
It has reached the short zone area but I'm waiting for the market to hit the Major Resistance(red line) as it produces a better Reward:Risk and of course its the major resistance we are talking about.
Already shorted the market as Trend Trading Trade so is obvious that I'm bearish on this pair. On the actual trade, I've already shifted Stop Loss to Entry #SLE and attained a Risk-Free Trade #RFT. I'm still looking for more shorting opportunity to short the market. Traders, please don't chase, follow your trading rules, and for those who like to receive the...
I see a Bearish Bat pattern completing around the 1.6250/6300 levels. This recent move up is mainly due to the the movement of the AUD rather than the EUR. President Trump pushing for a tax on the US$200B China imports towards the end of last week was the probably the root cause of the AUD weakening significantly. AUD is the closest proxy of all the G10...
Gartley Pattern for EURUSD I am still on a short bias for EURUSD, Harmonics Traders long with caution and follow your rules strictly. All the best !!
Ranging Trade on the CADJPY Trading at support and resistance. If I were to look at Double Top formation trading, the price must not close above 86.28 and I must see an RSI divergence with my confirmation candle. For Double Top I will be looking at extended target of 82.52. Swing Trading
Shorting of GBPAUD upon double top formation Trade your own filters
A Rising Wedge Formation with candle shows below its resistance, in addition to RSI Divergence builds a good case for me to short the trade. Should the H1 candle close below the resistance, it build a stronger case. Targets, Stop and Trigger Decision will be shared with my inner-circle