A Bearish Fib-3 Bat is here giving us a ticket to get involved with the big boys. With a stop loss of only 25pips for this bad boy, it allows me to stretch the target towards the hourly and the daily chart target is just amazing.
BTC next potential buying price is seeing at $24,825 on the Key support level. If you are into BTC and have plans buying it, why not consider to buy at a better price?
If you are still in the thoughts of correlation currency, you can see that the NZDUSD and NZDJPY are moving in the exact opposite direction. Trendline Traders(right), you can see that the candlestick stood still and fail to break and close out of the structure. You might not be comfortable engaging directly on the 4-hourly chart(right) setup and this is when you...
The Bearish 5-0Pattern has been confirmed at 82.91; traders who want to jump in for a shorting opportunity could wait for a retest at that level. Alternatively, you could wait for a Triple Top Retest at 83.22 on the 1-hourly chart(left).
If you are on the Media, you would have heard that the DOLLAR is CRASHING, countries are ANTI-US DOLLAR, etc, etc... I don't see any crashes happening on the chart. It is important for independent traders like ourselves, not to get swayed by the news headline; see it for yourself. What I'm seeing right now, saddens me more than the crashes; the market is going...
If you belong to the traders that believe in currency correlations, look at the related ideas below on EURUSD and think twice!! Correlations between currency pairs is dead for more than 10 years ago. It's unwise for you to rely on such a technique to make a trading decision. I'm looking for a buying opportunity on GBPUSD, it can happen on a retest of support at...
EURO-DOLLAR has a Counter-Trend Trading Opportunity(left). Traders looking for a counter-trend trading opportunity could wait for the market to retest to 1.0975 for a shorting opportunity. This is possible not because of the Bearish Shark Pattern Trading Opportunity, but a retest of resistance on the Weekly Chart. If this is not for you, then perhaps the Bullish...
As those who are well-versed in trading already know, the US unemployment rate released with the US Non-Farm Payroll data is referred to as the U3 unemployment rate. Let's discuss more about this tonight.
Probably a trade that has a 20:1 Reward: Risk trading setup. On the 1-hourly chart, we have a Bullish Gartley Pattern that comes inline with our 4-hourly chart, the Bullish Shark Pattern retest and on the Weekly Chart, the Bullish 5-0 Patterns. If I stretch the final target to the Weekly Chart completion, the returns would be stunning, but this trade could take...
It's NOT Perfect, but would you say NO to 309pips of Profit Potential? The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be. Alternative ways to engage the trade, is to wait...
It depends if you are looking for a buying or selling opportunity on the EURJPY. Traders who are looking for shorting opportunities could wait for a Bearish Shark Pattern retest at 145.31. If you are looking for a buying opportunity, the Bullish Gartley Pattern on the Trendline that completes at around 141.63for a buying. If you have no issues trading both...
If you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. And this is 1 of the reason why I've been waiting for a buying opportunity and finally the long waiting setup is here. A Bullish Shark Pattern completion at 132.12, I'll be waiting for a Candlestick Pattern confirmation before engaging the trade.
If you have to choose only one trading setup, it is understable you would be choose the 459pips setup. But as a thinking trader, we have to be aware of what kind of trading setup provides such trading opportunity. The 459pips is from a counter-trend trading opportunity on the daily chart(right). I'm looking to short at 1.2395 and exit at 1.1937, for that to happen...
The Bullish Shark Pattern(right) has not reached its final target level. Trend Traders could wait for a buying opportunity off the 4-hourly chart(left), support level at 1.0748. Should the Candlestick Pattern break and close below it, I'll be waiting for Bullish Bat Patterns that completes at 1.0562. And because the Point C of the Bullish Bat Pattern touches...
CADJPY has a Bearish Butterfly shorting opportunity. I'm going to wait for a retest on the previous high to engage the trade.
The Bearish Shark Pattern has been completed on the Daily Chart (right), but it will be crazy to trade off the Shark Pattern on the Daily Chart. A better way is to engage it off the 1-hourly chart(left) using the Bearish Crab Pattern at HOP at retest with an RSI Divergence. Hooooooo! It's a mouthful, but that's what I need to engage the trade. Even if it sounds...
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...
If you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. I'm waiting for the market to retest at 130.05 for the RSI Divergence on this counter-trend trading setup. Many traders would see the USDJPY as going on a Bearish movement, but it is merely a retracement. Furthermore, the Bull run on the USDJPY has not ended,...