An ABCD pattern setup as a countertrend trade within the buy zone on a sideway setup. Well, simply means, target extension is not highly recommended but if you like to do slight target extension on the second target, it is possible, you just have to watch closely on how it reacts on the original target. You can also simply look at my trade ideas on signature...
SPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
GBPJPY moving sideways since December last year, joining bulls from around 142.6 price level with 142.1 stop and 144.1 take-profit provides decent R:R (3:1). Keep in mind that this idea might be realized in several days and opening long position in GBPJPY results positive swap. // Feel free to share your opinion/position via comment and follow me to stay updated.
EURUSD is entering a sideway bounce or to some, it is a rectangle formation. Either way, the market will get out form the consolidation in either way. Breaking and close above the resistance or below the support. It does provide the countertrend trader with a great Reward: Risk if trader considers to Long the market. Do your own analysis on this and to receive...
RBL bank , one time hot favorite for the investors reminds me of the phrase rags to riches. I have enlisted the various years in which the trend lines have been very helpful to ensure wise money management by fulfilling one of the 2 investment rationales 1. Buy Low, sell high (knowing the various trend lines helps to know where a low could be and where a...
A bullish butterfly setup as a countertrend trade, take note of the strong bearish candle that may not come to a halt soon enough, I'll observe if the level stands before taking up this trade.
A bullish Gartley is waiting for a complete setup. The aggressive trader can wait for a double bottom on the 1-hourly chart for a buying opportunity, the conservative trader could wait for the confirmation of the Potential Reversal Zone(PRZ) for a buying opportunity. The overall trend is moving towards a sideway market.
A 5-0pattern has completed, congrats to all traders who had long it. I'm looking for a type2 bearish shark setup. On the 1-hourly chart, I can wait for a double top to engage the trade within the new supply zone as a sideways trading opportunity.
The daily chart on EURUSD is a bearish trend but on the 4-hourly it is a sideway market. A bearish shark setup has trigger driving the movement past the 5-0 pattern. At this moment, I'm waiting for a double top on the 1-hourly timeframe with an RSI Divergence to engage a 5-0 buying opportunity. Check the link on my signature to access all my trade ideas.
A bearish bat forms up within the supply zone I was waiting to engage after a retest of a double top, sweeten the deal. What's better, this setup is within the supply zone of a bigger bearish bat pattern(that displayed a warning sign) on the 4-hourly timeframe(link can be found below).
Look at how the market respected the supply zone and slide down. The trade wasn't entered due to the UK General Election, I will be waiting for a retracement or retest of the high to engage the market.
Rested on the daily chart major resistance, the bearish shark pattern has formed and shared the same level as the deep gartley setup within the same timeframe. Will be trading as a shark pattern as this is spotted before the gartley. Pending order set for this countertrend setup.
The bullish bat pattern is still valid, if the market head down and retest the entry price, I will engage a long trade after candle confirmation. If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target...
A roomful of bats. that's what I love to call it, but do note that if the bearish bat is activated the bullish bat will be invalid. This also means that the market may move into a sideways consolidation. Within the supply and demand zone prices are expected to have rebound.
A bearish bat setup that I've engaged as overall is a more bearish setting. Due to recent low volatility, this setup for 2nd target does not have 2:1 setup.
ORLY broke out of its sideways pattern with a High Frequency Trader gap up. It is now at another new all time high.
GBPCHF seems to have the necessary strength to get out of a 5-week congestion phase. that is quite unusual for such a volatile currency pair. Buyers seem to push the price higher, already attempting once to break the resistance formed by the sideways trend. Bad news is that the price is currently also forming lower highs, showing a very tight pennant on the...