FOCUS!! Let's dissect this chart 1 by 1 like how we did our oral exam when we were much younger. :P At a bigger picture, I have spotted a bearish shark pattern, noted on that as a potential reversal zone and I want to get involved with that but is too early to say. Situation Awareness: Right now the market is in the sell zone until it breaks and closes above...
Nothing much for me to look for on the smaller timeframe, for countertrend trader you may have to wait for a retracement on the smaller timeframe for a buying opportunity. On the daily chart, a bearish butterfly pattern forming up within the sell zone. I'm definitely interested to see the development of this setup and might just participate in it.
Buy zone in 2969 - 2960 for intraday oportunitys, im not here for 1 or 2 points. 8-10 points can be done in a day if you trade raw price action and good zones, i dont use indicators, they confuse me. P.A is always the answer for the market you are gonna trade. Right now im taking a funding challenge for some extra money. lets show that we can do it.
A bearish shark completes at 1.2528 and right now having an RSI Divergence on this trade within the Sell Zone. Is this the setup for you?
A trend trading opportunity setup once again on GBPAUD chart. The bearish Gartley has already in a valid state for a selling opportunity but I'm just not comfortable for such a strong bullish candle close before market close on Saturday. I would need more confirmation for this. This trade decision will definitely be an epic 1 for me as it either is a great call...
A bearish deep crab setup for a trend trading opportunity on the daily timeframe. Having this countertrend setup on the 4-hourly timeframe does stage a great trend trading opportunity for the higher timeframe.
A bearish bat setup for a trend trading trade, not quite sure at this moment if you would love to short it right away when market open or wait for further confirmation(that's more for me) as I have spotted all GBP related pair has a relatively strong bullish candle before market closes on Saturday(Singapore Time). More read up on Brexit related topic on Bloomberg...
On the daily chart, is a nice bearish engulfing after a magic candle(indecision candle) for a selling opportunity and it closes within the sell zone(pink box). Although on the 4-hourly chart(left) the candle break and close below the trendline, it still rested above the sell zone box show insufficient weakness on the market. Having this conflicting market...
Yes, both trendlines are pointed at different directions but you can see how similar it can be based on my analysis. First, we have to register the fact that the trend on the 4-hourly chart is still bearish and the market is within the sell zone. I am waiting for a shorting opportunity. So a bearish engulfing might just set up well for me to engage a short...
Within the double sell zone, forms a bearish deep Gartley and its only valid if Pt C touches 1.1006. Harmonic Patterns there are minimum 8 rules to it and an extension to 15rules if you are very conservative traders that will increase your winning rate but affect your profits as some of the trades you may miss. Or you can simply wait to engage a short within the...
A bearish shark setup as a shorting opportunity. The trade is now live with better entry price opportunity and a fantastic Reward:Risk. Trade is engaged as a countertrend trade with an RSI Divergence within the sell zone.
FX:USDCAD ~STOPLOSS 1.33369 ~TAKEPROFIT 1.32969 ~ENTER AT 1 .33169
Right now the market is on a downtrend channel as a trend trading setup, if the channel holds it produces another shorting opportunity. However, if it fails, a bearish shark appears within the sell zone for a trend trading opportunity.
A bearish shark on the 1-hourly chart will be the 1st level of resistance for a shorting opportunity. On the 4-hourly chart a bearish bat setup for another trend trading opportunity. Let's see how the market reverse and head towards the trading opportunity. If all do well, the bearish shark should hit by Wednesday this week.
A bearish shark setup as a trend trading setup. The wait for the setup could take till Wednesday in the coming week. I do see that Australia Dollar can face more challenge than it is facing now. The trade war and internal challenge within the country.