The weekly chart for EURUSD indicates that 1.0452 is the Last Support. Before considering a buying opportunity, I will wait for the 1-1 pattern retest at 1.0440 on the 1-hour chart.
Trading Gold and Oil. As you know, I typically trade these products on a longer-term perspective due to their volatility compared to the FX market. Recently, I have noticed a Bullish Shark Pattern confirmation on gold, which presents two potential approaches. Option 1 would be to engage the trade immediately if there is a retest at $1,819.37. This is because the...
As you may know, AUDCAD is currently on a Bearish Trend, which means that buying at this pair is a counter-trend move. However, I wanted to let you know that the Bullish Shark Pattern has been completed on the Weekly Chart with an RSI Divergence. There are two ways to engage with this pattern. The first is the Bullish Gartley Pattern, which has warning signs...
USDJPY is currently on a Bullish Trend, but I am keeping an eye out for a shorting opportunity. After analyzing the weekly chart, I have identified a bearish bat pattern that could potentially be a good opportunity to short the market. We just need to wait for a candlestick confirmation and for the market to close at 146.96 to seal the deal. Alternatively,...
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...
EURUSD has a last level of support on the Weekly Chart at 1.0544, and closing below 1.0446 would violate the Bullish Trend. If we're looking for a buying opportunity, the 1hourly chart support level at 1.0558 could be a good fit. Alternatively, we could wait for the market to sit on the Trendline before heading in for a buying opportunity. On the other hand, if...
The Bullish Shark Pattern is yet to be confirmed, but it went lower than PRZ, which is seen as a warning sign for most. However, I see it as an opportunity that I don't want to miss out on. Here are some key points that I wanted to highlight: - The Terminal Bar produced a long shadow that provided Cover Support, which means that the level is not broken. - On...
The star trade of the week. I'm currently waiting for a shorting opportunity on the bearish shark pattern off the weekly chart. Trading off the weekly chart directly would send my initial risk through the roof. While we could always reduce our trading size when trading off the higher timeframe, it doesn't make sense to me. I'll be waiting for a bearish 5-0...
As we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts. On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete...
We've identified a potential opportunity for counter-trend traders in the form of a Bearish Fib-3 Bat Pattern completion on the Weekly Chart. This could be a great chance for traders to engage in the trade and make a profit. However, we understand that the initial stop may be too large for some traders to handle. That's why we suggest waiting for the setup to...
This week, I have been closely monitoring the movement on GBPUSD. While there are similarities to EURUSD, I am still waiting for an aggressive shorting opportunity. As of now, there is no iconic trading setup available, so I am patiently waiting for a retest at the key resistance level of 1.2368 before making any moves. For more conservative traders, it may be...
As we analyze the charts, we can see that the highest timeframe is affecting our overall analysis. If we look at the weekly chart, we can see that there is a bullish run. This means that we should look for a buying opportunity on the 1-hourly chart. Our preferred entry price is at 1.0550, with an initial stop-loss at 1.0521 (-29pips) or -290usd/lot. Our target 1...
I wanted to share my thoughts on the latest shorting opportunity I've spotted on Nasdaq. It appears to be a Bearish Shark Pattern, with some unique differences from the previous ones we've seen. Firstly, there is an additional entry price for the very same Bearish Shark Pattern. This makes it even more appealing to consider shorting. Secondly, the completion of...
Have you ever wondered why most people fail to achieve their dreams? One of the main factors is a lack of holding power. I'm not referring to those who don't have enough capital to hold on to their running investment, but those who lack commitment & ...
As per my analysis, a Fib-3 Bat Pattern is about to complete at 1.8979 on the Daily Chart. To minimize the initial risk, I will wait for a buying opportunity on the H4 or H1 chart. This will significantly reduce the stop-loss to 1.8733 (-246pips) or close to -2,460usd/lot, while the first target will be at 1.9363 (+384pips) or close to 3,840usd/lot. I believe...
Our analysis suggests that there is a sideway bounce trading opportunity, with resistance at 158.49 and support at 156.79. With a difference of 170pips, this provides an incredible profit potential that can lead to close to 1,790usd/lot. We have two sideway bounce trading strategies that we could utilize to maximize our profits. I would love to hear your thoughts...
I wanted to share with you one of my favourite trading strategy, the Sideway bounce. Not only is it easy to execute, but it also delivers some of the most relaxing results. In this particular case, the resistance is at 148.40, and the support is at 147.51, which means they're 89 pips apart. This translates to an approximate profit potential of $890 per lot, both...
I am looking at a shorting opportunity on the GBPUSD. Based on the 4-hourly chart, I am waiting for a magic candle to form up at 1.2368 for a shorting opportunity. My initial stop-loss is at 1.2454 (-86pips) or 860usd. At this moment, my projected target is at 1.2234 (+134pips) or 1,340usd/lot. Alternatively, you can wait for candlestick confirmation at 1.2405....