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 have a bullish shark on the 4 hour with an oversold RSI and I'm expecting the price to fade the breakout and blast back into the descending triangle from here and take off to prices that are much higher.
A Type2 Bullish Bat might not intrigue many Harmonic Patterns Traders to engage the trade. The rationale is simple, a big percentage of the Harmonic Trader has exited the trade and not looking to enter a new trade, but you can treat it as a structure trade setup on this Bat Pattern too. Take note that Point C touches Point A.
CHART CHECK: The last few weeks of trading have been marked by a general sell-off in the small-cap sector. As a result, the stock price fell from a 2021 high to approximately CAD $ 0.150. The current base appears to be a solid support level. The stock is currently heavily oversold. MACD looks strong and healthy and should help generate buy signals and put LQID...
Most traders see this trading setup as a buy zone(blue rectangle) that has been broken. Well, you aren't wrong about it, but the trend has not turned bearish because I will need to wait for another break and close below the recent low(yellow eclipse) for that to happen. I'm waiting for a Bullish Shark pattern for a buying opportunity, as long as it didn't break...
A trend trading opportunity on the daily chart is a product of a bearish run on the daily chart(link below) that I've shared on last weekend. Congrats to those who have taken action on the trade. Stop-Loss goes below X with our designed buffer. If you have attended our webinar on 28March, you can start to apply trendline on this setup.
AUDCAD on the daily chart has shown a buying opportunity. Most shark pattern will usually consolidate at point D before the real move, I'm waiting patiently for its retracement on the lower-timeframe for a trend trading opportunity.
A bullish shark pattern is closing in and I'm waiting for a candle confirmation at Point D for a buying opportunity.
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...
After a week, EURUSD didn't create a new low on the daily chart. I'm waiting for a counter-trend opportunity. On the 1-hourly chart within the 4-hourly buy zone, there is an opportunity that awaits, at 1.1881 I'm waiting for a buying opportunity. Candle confirmation at that level became important to the trading setup.
A Head and Shoulders retest is not exactly common. Since the market has stabilised from the fall, it is a good opportunity to reengage the trade. The previous high would be the area I'm looking to shift my stop to entry and I'll observe closely at that level. Break and close above the high at 0.7850 would be preferred.
LONG AYX REVERSAL, STRONG SUPPORT, RSI OVERSOLD, SWING TRADE The fundamental's are actually at a decent spot. Main reason why it went was due to guidance forecast not being increased significantly which makes this an overreaction news. The current price is at it's STRONGEST SUPPORT level based on the last few years of formation. Combing it with the RSI being...
Chart says all. Bear Trap forming, don't get caught! Indicators are rising, probably got a retest dip to the TL and then bounce like mad. Be ready! Trade at ur own risk, not advice; GLTA!
A reasonable retrace back to the averages in a 100-200% move against $ETH Oversold on weekly RSI USD chart not convincing, but positionally a reasonable trade to double an ETH stash if you have the balls
Three weeks of bearishness might end in a big pop IMO. Watch the Wedge! Bear trap... look RSI has double bottomed, OS IMO. Not investing advice, trade at ur own risk, GLTA!
Hi Traders! The market is in a strong Downtrend. As you can see the market also reached the Support. The momentum of the price decreased too. The market is at the moment in a descending wedge. The Trading Idea is simple: Just wait for the Break of the Upper Trendline. We have these confirmations now: RSI is oversold Stochastic is oversold Market at daily...
A bullish bat pattern has completed on the 1-hourly timeframe as a trend trading setup. This is a great opportunity for a trend trading opportunity.