Trendlines are amazing, there are many ways you can use them, for this instance I'm waiting for a shorting opportunity when the candle touches the red line but not closing above it. When it hit the middle trendline, I'm going to shift my stop-loss to entry and once it reaches the bottom trendline, as long as it closes below the trendline, I'm going to keep the...
GBPUSD is in a sideways consolidation. This setup allows us to trade within the zone(green box). The setup is safer when we are shorting from the top of the green box, than buying from the bottom of the green box, and the reason for that is the previous bearish trend which coincides with the starting point of Point X on the Bearish Shark. However, if you are an...
IWM has clearly benefited from the “sector rotation” out of tech, but I think this run is about to fizzle out. The run up was on a dwindling volume. RSI is currently way overbought. The MACD and Stochastic combo are signaling a divergence. Couple this with a potential bumpy week ahead- FOMC, bond yield, and the spooky quadwitching- and I feel like IWM is a prime...
Well, the market has spoken, the setup is more of a bat pattern than a shark pattern. The ideal situation right now is that the market head down towards 0.7733 and rebound to 0.7785 and give us an amazing shorting opportunity. That pretty much looks like Hollywood trading, well jokes aside Type2 Bearish Bat setup waited at 0.7785 for the shorting...
Although on the 4-hourly chart there is a potential bearish shark pattern, I'm waiting for a touch on the trendline for the shorting opportunity. A setup like this is clean and can offer great Returns.(if you know how to maximise it)
A Bearish Butterfly Pattern is about to form up. Later at 9.30 pm (+8GMT){about 4hours and 45mins}, there is an ECB press conference, will your trading decision get affected by that? Well for me, it's likely that I'll hold back by the trading decision as this Press Conference is going to address a few issues. Let's see if we can use trendline to catch onto the ride.
entry 4.85--> above current price for assurance stop loss: 4.06 take profit: 6.90 and then also 10.70
Trading at X is 1 of the trading strategy I employ when it is a Deep Gartley Formation. It has proven that it does more benefit than harm to me. I've engaged the trade with a very tight stop with a 2:1 for my 1st target. Although the setup doesn't look promising but let see hot it spin out.
As mentioned a few months back that USDJPY will hit a few bumpers along the way and 1 of it is at 106.01(chart at bottom) I've engaged in an aggressive short and that is an attribute to candlestick formation, a doji on the resistance level way before the actual movement. Once the price come in contact with the trendline, I will shift stops to entry and the...
A bearish bat pattern forms up as a counter-trend trading opportunity. One thing I love about this pattern is that the completion of the pattern is at the previous structure consolidation. The concern I have on the bearish bat pattern is that Point C touches A which denote as a warning sign for the harmonic patterns traders.
Last week I have reminded you guys on a shorting opportunity on this Bat Pattern and I hope that you didn't miss the 90pips bear run which is approximately 900USD/lot traded. In my Video Analysis, I did speak about buying on the trendline as long as the candle didn't break and close below it, that gives you an 80pips of running profit at this moment that will give...
I'm waiting for Monday Market open, at around 10am(+8GMT) I will decide if it is a good setup for a shorting opportunity. A break and close above the red box(supply zone) would invalid the trade. However, if the market has a bearish engulfing candle gives a green light to short even it's before 10am.
Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade....
Rsi Divergence on the 1-hourly timeframe where market retest the previous high. If the current candle closes the way it is at the 4pm(+8GMT) candle, I engage this on an aggressive short.
Deep Gartley Pattern that completes at X is my favourite setup, this setup has 2 other advantages 1) The PRZ converge at the same price. 2) It completes at the tip of the range.
With a bearish crab form, up with such a long tail hitting 1st target for both trade(link at the bottom), both trade has to manual exit for their target 2. I will wait for the retest on this bearish crab pattern as a type to set up for a new shorting opportunity. First shorting trade GBPAUD Sideways GBPAUD H1 Sideway Bounce, RSI Divergence Short NOW:...
A long shadow touches the furthest end of the buy zone(yellow box) creating 1 of the better Reward: Risk Trade. Trade has already engaged, and I have two targets for this trade setup, check out the link(3) on my trading view account if you like to unlock the full version of this analysis.
A bearish shark pattern on a sideway trade setup on this timeframe appears once more. The bearish shark's setup completion point was at the resistance at X of its pattern, and the D point for the previous ABCD pattern may contribute to the additional downward pressure if the pattern completes.