A classic sideways bounce trade has engaged, great Reward:Risk, let see how this trade roll-up. When the market hit 1st target I will shift stops to entry because a bigger trade plan for EURJPY is to long the market.
Already engaged for a trade to long GBPAUD on a type2 trade with profit trendline(blue) and hitting 4-hourly chart trendline(black). As market touches, the trendline is kinda a great reward:risk for trading but it also means it may hit stop if market break and close below the trendline. Great Reward:Risk is what I'm looking for, so yeap.
Type2 Bullish Shark setup as a sideway countertrend trade. Trade has already engaged but do note that the 1st take profit has happened that decrease the uptrend impulse move, I see it as a good support even on the 4-hourly chart, hence the engagement.
A double top set up for a trend trading opportunity for a bigger timeframe within a consolidation zone(red). It's a band trading technique and structure trading for this trade plan.
Another stack trade in the cooking. A bullish shark pattern on the 1-hourly chart(left) for a buying opportunity as a type2-shark. On the 4-hourly chart(right) the bullish trendline, I'm waiting for a buying opportunity if only the candle sits well above the trendline. If candle break and close below it, I have another bullish bat pattern in the waiting.
Hoarding for buying opportunity on NZDJPY. Already engaged on this bullish bat pattern on the 4-hourly chart(right) and already shifted stops to entry, let say the bullish 5-0 pattern form up on the 1-hourly chart(left) I will engage for another long trade.
A bearish bat setup that requires further confirmation, ie a break of support retraces to form a lower-high to engage the trade for a shorting opportunity. Target may extend further as I believe AUDUSD may have a depreciation that will catch many traders unexpected.
A bullish 5-0 Pattern setup, will need more confirmation to engage this trade may be a break and close above the high and wait for the retracement to engage for a longer-term buying opportunity. Extended target may take 4-5months to hit final target.
Last recent buy zone for this pair at this very moment sits within this buy zone having both bullish bat and bullish shark formation setup for the countertrend trade on a higher timeframe and a trend trading setup for both 4-hourly and 1-hourly chart.
Waiting for a buying opportunity on the GBPUSD 5-0 pattern setup, the reward:risk looks fine but is needed is a retest of the market and an initial market trend confirmation to engage the trade.
Looking to short as a trend trader on this emerging bearish shark pattern at 1.1007. At the 5-0pattern completion, I will observe if the bearish trend presumes, if it didn't I will be looking for a buying opportunity as a countertrend and trend reversal trade.
If I'm waiting for a much lower price to buy bitcoin, where will it be? Well, you might just be in luck. A bullish bat pattern might just form up. Tonights NFP might be helping you to achieve that or against it. 1 of my friend has bought 20% of his intended purchase of bitcoin last night and maybe 30% to 50% more when it reaches 7900USD. I must say I'm no...
A Bullish 5-0 pattern staging for a bigger trade setup. An opportunity for me to engage on a longer-term trade, however, I do need a bullish engulfing candle to close to engage. Do note tomorrow is a non-farm payroll data release. Traders who aren't comfortable should wait out for the news and usually, I will engaged 15-45mins after the release of non-farm payroll.
Bullish Bat finally completed, expected slower movement on this but still a great Rewards:Risk for 2nd target at the market is at its recent lowest price. Trade has engaged, let see how this countertrend trade forms up.
A bearish shark set up for a trend trading trade. I will not extend the target for this, the reason being the recent low wasn't too far from here.
Sideways Bounce setup already shorted the market, a good 1:1 Reward: Risk. Consider as sideways trading or a trend trading off the higher timeframe 4-hourly and daily.
A countertrend setup for this crab pattern has taken off. I will be waiting for a second chance entry to engage the trade.
Waiting for the completion of a bullish shark setup for a buying opportunity as a countertrend trade. Is this trading setup for you? If it is, is great for you.