This week I'm looking for a trend reversal/ counter-trend trading opportunity on the EURUSD. In short, I'm looking for a selling opportunity. Even when there is a potential Bullish Gartley in play, I'm looking for the shorting opportunity after it has hit its target area(red box).
GBPAUD is well supported at the minor structure. Trade has already been placed as target1 provides a 1R and target2 I've decided to keep it as an open target.
A very nice reversal completes at Point D, waiting for a check back to engage the trade. For a 15-minutes chart, it doesn't give a great Reward:Risk(RRR)
A bearish Gartley setup within the consolidation zone, now the pattern has completed, I'm waiting for a retest to engage the trade.
Target2 will be an extended target.
A bearish bat pattern sideways trading opportunity waiting for a checkback to 1.0977 for a shorting opportunity. Target1 as shown but on my second target I'm going to stretch that.
Trading made simple with just the APE framework. Analyse the market movement, listen to what the candle is trying to tell you; Plan for your trade or I like to say your attack, which trading strategy to use, trading with the market direction or against it; Execute the trade, hit the button and follow your rules, unless you have a trade management system in place,...
A bullish bat trend trading setup on USCAD 1-hourly chart, I'm waiting for a confirmation to engage this trade.
I will be looking for a target extension on this trade.
A bearish crab formed within the sideways bounce(red rectangle), if a break and close below the box could have an indication of a potential bearish flag pattern.
Trade has already engaged and shared with my community on Friday, let's see how this trade turns out.
If a break below and close below of the current candle happens, I will engage a short trade.
Trading at C is not what I advocate traders to do. The reason is that it is not a pattern until it completes and reverses at point D.
In this case, it is possible because it has a Bearish Gartley Pattern that was ahead of it and a check-back to the HSI Arrow and a...
An ascending triangle is seated nicely on the trendline, an aggressive trader will still need to wait for the close of this candle and decide should they still engage the trade.
Range Bar chart has set up for a bearish crab confirmation the trade is a complete setup and I have other plans for its target level.
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Have I not warned that Australia Dollar is going to crash? This morning there is a big move, and this is a reminder to traders who are optimistic about Australia economy. The flash crash is just the beginning, the 1st wave which I had shared months ago that the significant drop will happen around 1 June 2020 give and take. The threat is real, and the crash happens...
A bearish shark pattern that converges with the 5-0pattern for a shorting opportunity forms at the peak of the band isn't that great?
Don't underestimate the small wick over there, it is close to 50pips difference, and the tip of the 5-0 Pattern happens to be the HOP(Harmonic Optimal Price) on the bearish shark setup.
I've placed a sell limit order to engage...
A trend trading setup presents itself, and it has six signs of a potential bearish move.
1. The market is back to the sell zone.
2. Bearish Gartley setup within the sell zone(supply zone)
3. AB=CD pattern setup within the sell zone
4. Arrow showing selling opportunity and market check-back to the arrow
5. Candle consolidate on the top of the band
6. Crab Pattern...
A bearish bat set up for a trend trading trade. Trade has already engaged, a break and close below the trendline will give strength to the downwards movement. The level completes with a bearish deep crab pattern as well and having a market consolidation.
There is a wave 5 in the works. As illustrated in the graph the price failed to break the UML of a green schiff pitchfork and momentarily bounced off it. Might breach 0.036.
