There's no need for thousands of lines to make a trading work, it can just be a simple line and a small box if you know how to read the price chart, naked. Naked trading is what I've been doing for years but never really use that term. It simply means trading without indicator, just base on candlesticks. The black rectangle box is the aggressive trading zone for...
Don't underestimate this trendline, if the candle fails to break and close above this trendline, it shows that this will be an amazing shorting opportunity. Even when it breaks and closes above this trendline, I'm not looking for a buying opportunity right away and the reason is that on the 4-hourly chart there is multiple shorting opportunities.
Will be targeting bother $260 and $237 for profit taking.
NZDJPY has lots of trading opportunities hidden in this pair. If you have learned to trade, you can do your analysis and see what kind of trading setup you can spot. Well, there is one for you, a Bearish Butterfly Pattern complete at 78.78.
Well if you have missed the bearish shark shorting opportunity, you might not want to miss this Bearish Shark Pattern on the 1-hourly chart which has to form before 29Jun2021, 1am(+8GMT). If the candle fails to touch point D before the dateline, I will scrap this trading idea. Lots of traders have complained that the market volatility has dropped, but we still...
A bearish shark pattern has formed up a few days ago, and this morning I've shorted this shark pattern at 110.95 and should you decide to engage it, you have not missed much. A break and close below the imagined trendline would enhance the trade furthermore and probably I will add more position depends on the candlestick formation.
Target is the Gappfill at $586
Going to target $65 for this one so long as we can get below $100 and stay below $100 this should play out very well.
A double top pull back that potentially can be a bearish Gartley Pattern is resting on the previous structure that build a stronger case for a counter-trend trading opportunity at 0.9380.
USDJPY is moving slightly higher and higher each day, this may sound like a Dollar optimises but I can assure you the big picture is the exact opportunity. At this moment I'm just going to play along. I'll short when the market retraces back to 109.76 and turn my trade to long once it reaches the trendline and fails the close below the trendline. You can check on...
We are overbought at the top of a trading range that i have boxed in with the green lines and i think we will likely go back down to test the bottom of the range and if the range breaks down we will likely go down to the support level i have highlighted in orange.
Three weeks ago I've shared a Bearish Shark Pattern on the EURUSD Daily Chart. It will be a pity if you have missed it. At this moment, if you are still looking to engage this trade, you have to wait for the candle to touch the upper channel without closing above it. Be in our community so you won't miss such trading opportunity again.
Yes, PLTR gave us a good trade, but right now it is dropping and we have no bullish pattern around. Yes, one may say that the 23.34 is a pivot point, and that we just hit a support level at the 20ma, but look at the 4h chart: We just hit a resistance at 24, and the RSI looks overbought to me. I would buy it again if it corrects to the 22 area, but it feels it...
If you have been waiting for the Bearish Bat shorting opportunity(chart at the bottom) and you had missed it, well, it looks like a better opportunity might present itself for a trading opportunity. After the candlestick pattern has confirmed, I will short the Bearish Shark Pattern at 1.4228 regions for a counter-trend or trend reversal opportunity. Coincidently,...
TSLA is doing very well, as it did trigger the buy sign we’ve been talking about, and it is flying right now. All the points we talked about in our last analysis are working pretty well. It did a false breakout from the bearish pivot point in the 30min, and it did a hammer that closed above the 20ma, a buy sign for sure. But a correction to the 596 is expected,...
2 AB=CD was found on 5 Mar 2021 2.30 pm UTC+8. 1.618 AB=CD was found on 13 Apr 2021 9.00 am UTC+8. XIN HWA most likely drop to RM0.450 due to RSI Overbought.
A bearish butterfly has just setup on the 1-hourly chart. This Harmonic Pattern usually will create a V-Top and hardly retest. However, I'm not staying up till 0200(+8GMT) or 21:00(UTC+3), the call is yours, I'll access this tomorrow.
EURUSD is on a bearish run. The sell zone with the darker red will be the area for traders who are looking for shorting opportunity. This is the level that is most likely to be broken, but if this level stays, it shows that we can expect the stronger bearish move is still in play. Overbought with RSI Divergence will be the signal for us to look for the trend...