In our GBPJPY analysis, we are observing a potential short-term buying opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bullish Inverse Head and Shoulders Pattern 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Entry Point: Trendline retest (Blue) - Caution: A close below the right shoulder would invalidate the setup. This setup presents a...
Despite GBPUSD demonstrating a Weaker Bull Trading setup, my analysis suggests a more bullish outlook compared to EURUSD. However, I'm currently eyeing a shorting opportunity on a lower timeframe. The emergence of a Bearish Gartley Pattern retesting at 1.2752 or a completion of a Bearish Bat Pattern around 1.2803 appears promising for a potential short...
The entirety of the NZDUSD landscape is signalling a potential shorting opportunity. Technical Insights: The volatility trendline, once a counter-trend reference, has been breached and closed below. Now, we await a retest of this trendline as an entry point for a shorting opportunity. Extended Target: For those inclined, extending the target...
Based on the Weekly Chart, GBPUSD is on a Bullish Trend, but that doesn't mean we can't look for a shorting opportunity. I've been eyeing the Upsize Trade, which is perfect if you love to extend targets. Recently, the Bearish Bat Pattern has been confirmed on the 1-hourly chart. I'm waiting for the market retest back to 1.2245 for a shorting opportunity. If...
📈💹 Expert Level Trade Ideas: New Zealand Yen and New Zealand Dollar! 🇳🇿🇯🇵 On New Zealand Yen, we have an overall uptrend movement. Daily chart shows a bit of pullback. Four-hour chart indicates increased volatility with new lows and highs. One-hour chart has a retest of previous support level with a bit of RSI divergence. 🔍 Trading Strategy: Hidden trading...
Get ready for some action! The USDCAD trade is heating up, and here's why you should be excited! 💪 On the Weekly Chart, a key support level has been broken, signaling a potential trend reversal. 📉🚫 This opens up an aggressive shorting opportunity for traders who thrive on bold moves! 📉💥 The Bearish Shark Pattern has formed at 1.3587, and all signs point to a...
On the right, the Bearish Crab Pattern on the daily chart is going to form at 105.29. Like you, I did have the impulse to buy it up and short it down, but that couldn't be the way. At the minimum, the strategy has to be tested. If you have that thought, you could wait for buying opportunity on the lower timeframe. I'm waiting for the retest of the trendline on...
An Upsize Trade is the name of 1 of my trade management. On the 4-hourly chart(left) is a complete ABCD pattern. I'm waiting for a retest at 158.98 for a buying opportunity. When the retest happens, I'll be stretching my final target to the Bearish Bat and Bearish ABCD Pattern which completes at 168.11. This is a high-risk approach and it could harm your...
To be successful in trading, you can be a Casanova. This means you need not be loyal to your trade. You can buy GBPUSD during breakfast and sell it by lunch. That will be my trade plan for this week. GBPUSD on the 1-hourly chart(left). I'm waiting to buy on the blue line(1.2202) and short on the right line(1.2277). On the blue line, I'm waiting for the retest...
A Bearish Bat Pattern on a counter-trend trading setup allows traders to hop in and catch some relief from the market. This could be an amazing trade for trade management matters.
This is 1 crazy trade that we did on 22 Feb 23 (links within the TradingView Post). If you have been following us for years, you would agree that my interest in sharing LIVE analysis than to show how much I had earned in a trade. That is because I do not find how that could benefit you. With that said, the purpose of my sharing my analysis as it is; is to show...
A Potential Bearish Bat Pattern is looking to complete at 0.9314. This allows me to trigger my upsize trades and gives me an opportunity to stretch my final target to the completion of the Bullish Shark Pattern on the daily chart. In order for that to happen, a series of confirmation need to be in place, 1 of which require a violation of the Buy Zone/ Demand...
Based on the Daily Chart Analysis, GBPUSD is on a Bullish Trend. On the current timeframe, I'm waiting for a Buying Opportunity of the Bullish Bat Pattern trading setup, and the potential entry price I'm looking at is 1.1988. This has great potential for me to upsize my target level if you know where to look.
This is a very unique situation, where both Weekly and Daily Chart's Point X points to the same potential Bullish Deep Gartley Pattern at X and the 4-Hourly and 1-hourly chart had the same Point X for the Bearish Shark Pattern setup. I'm waiting to engage the Shark Pattern 🦈 and the potential completion point is at 1.3447. Candlestick Pattern confirmation is...
Well, this is not your typical high risk trade, but this is the cliche setup that I'll shout, "High Risk, High Return!" Let me explain why this trading setup is High Risk. The candlestick did went beyond the PRZ, in layman term the price confirmation zone mark as red rectangle. It touches Point X but didn't violate it(close above X). The chances of this trade...
OMG! I was doing a qualifying call, and I might have missed the trade! And this is why I don't usually trade off the 15-minutes chart. From my experience, this trade is gone, but a retest on 128.98 happens; it is a great second-chance entry. 2 Economic Data to take note On 18Jan23(GMT+8) Tentative(usually before 3pm) JPY - BOJ Outlook Report JPY - Monetary...
A Potential Bullish Flag Pattern is what I'm expecting on the NZDUSD pattern setup. I'm waiting for a retest at 0.6342, which gives me a buying opportunity on the lower timeframe using a Type2 Bullish Gartley Pattern.
If you are looking for a Bearish Trading Opportunity, a Bearish 5-0 Pattern gives us a trading opportunity to do so. What's not so nice about this trading setup, is that the RSI is not at the overbought position.