A bullish bat pattern give an opportunity for traders who are into countertrend trade or trend reversal trade. On the higher timeframe, the 1st break of the high has occurred, will need another break to confirm the bullish trend. On daily timeframe(check out video) an inverted head and shoulders gives trend reversal trader and opportunity to ride on a low risk,...
A long waited bullish shark pattern setup is finally here. Trade has engaged as a countertrend trade for most but its a trend reversal trade for myself.
A bearish Bat setup on the 1-hourly chart and it is also the 4-hourly bullish bat final target, which I called it the harmonic range. As planned I have already shorted the market especially at this moment there is additional support on this. Target2 is an extended target in this trend trading(daily timeframe) setup and a sideway market for the current setup.
A final break and close above the high on the daily chart shows the 1st sign of a potential bullish run. A retracement and additional break and close above recent high will further confirm it. At this moment I will be waiting for this bullish shark to set up and head in for a trend reversal trade.
The red lines that cut across the chart is the 4-hourly chart inverted descending triangle, not a typical setup I will trade for a breakout but surely a great reward: risk trading opportunity. So, if you going to sell, where will be an even better price to engage the trade? I head into 1 timeframe lower, the 1-hourly chart and spotted a potential bearish shark...
A bearish Gartley set up just a bit shy of being triggered, let's just hope that this trade has not left without me. I will need confirmation before engaging in this trade as Point C touches A, but when I do, I will stretch the target a bit because over trend of USDJPY is still bearish.
There is a setup on the bullish shark pattern(grey) as well as a bearish bat(light red) on this 4-hourly timeframe. Is a high likelihood on the completion of bullish shark for a countertrend trading opportunity than the bearish bat pattern, however if the bearish bat pattern forms up before completing the shark pattern, it will generate an even better trading...
A deep gartley setup within the buy zone. Waiting for a type2 setup for a buying opportunity. I may extend the target when that happens.
A bearish shark formation forms inline within the minimum requirement. I will wait for a close of the 1-hourly candle and plan in for this countertrend trade within the sideways bounce setup, did I not mention it is also a bearish bat type2 setup. It will be a stack trade.
A type2 5-0 pattern setup as a countertrend trade. What's nice about this setup is that the bearish bat on the M15 happens within the zone which gives me a great opportunity for a second chance entry.
A bearish bat setup within the sideway bounce and within the type2 bearish shark setup on the 4-hourly timeframe is like the most amazing setup that enables me to stack trade. Yeap, that's the new term I'm calling it, low-risk, high-return. Having any consolidation before the near completion of the pattern worries me and got me really uncomfortable. I will need...
A shark pattern within another shark pattern setup on this trade. I was waiting for a retest but vola, I've spotted another bullish shark that provides a deeper entry for me to engage the trade. If point C for the baby shark is not broken then I will have a deeper entry opportunity.
This is an interesting setup and trade plan for me. Right now on the 1-hourly chart, it presents a bearish bat setup. I will have to wait for market confirmation to engage this trade as there is a couple of level of resistance above the sell zone and when this combo with the market consolidation, there is a possibility that the market may break and close above the...
A bullish shark pattern for a buying opportunity within the buy zone. This may be an opportunity to engage the trade and extend target higher up to the head and shoulders setup on the daily chart.
An uptrend trendline appears before the completion of the bullish shark. Yes it can be a potential trade for your to long CADJPY and the bullish shark pattern may not even form, but personally, in this setup, I still preferred the shark pattern and the reason is that we have 2 very strong bearish candles when the market approach towards the trendline. I have...
An emerging bullish butterfly pattern just has shown up within the sideway bounce and counter-trend trade on a higher timeframe perspective. I'm very much to wait for a confirmation to engage the trade and I might just extend the trade beyond the sideway bounce.
Bullish Shark Pattern setup as a countertrend trade looking for a buying opportunity to engage the trade and potentially a trend extension or Trend Reversal Trade.
Waiting for the bullish bat to form up within the buy zone and head in for aggressive buy(which means I may not be waiting for PRZ and it all depends on how the candle close at Point D) I may be planning for a stack trade for this setup. Let's see how this goes.