The Devil's Touch, YES, I called it! I'm waiting for a shorting opportunity the moment the market retest the red trendline but not closing above it or when the market break and close below the red trendline, although a retest of the Bearish Bat Pattern would do just fine. What is nice about this setup, is that, there is a RSI Divergence within the setup.
Trendline Break could be a trading opportunity for traders looking to short the USDCAD. Friends that had shorted the USDCAD on the 4-hourly chart before might have a second chance trading opportunity.(check link within tradingview)
On the bigger timeframe, shorting AUDUSD is considered a trend-trading setup. Hence, 0.6829 will be the level I'm waiting for a shorting opportunity by waiting for the Bearish Shark Pattern confirmation. A 3-bar reversal is essential in the setup.
I remain bullish bias on the USDJPY, but I can still look for a counter-trend move for the time being. At 136.67, it gives me a shorting opportunity potential, so long the market doesn't break and close above 136.88, I will be looking for a shorting opportunity when the market opens.
I'm waiting for a Bearish Butterfly Pattern check back at 1.2308 for a shorting opportunity. This is a counter-trend trading setup and if this suits you, it is something you want to look out for.
The Overall Trend of EURUSD is a Bullish Trend. There are a couple of ways you can engage in this trade. Wait for market retest at 5-0Pattern at 1.0515 for a buying opportunity or a shorting opportunity at 1.0581 by using the Type2 Bearish Shark Pattern as a counter-trend trade that could form a combo trade with EURUSD Bearish Crab Pattern on the Daily Chart.
Last night during our live session in trading view(www.tradingview.com). I've mentioned that there's no need to chase after the USDCAD trade as there's a rate hike decision happening in less than an hour. If it's your trade to take, you will have another opportunity. Missing a trade is better than getting into a trade you aren't supposed to take. I'm waiting...
A double-headed head and shoulders were spotted on the AUDUSD H1 chart. While this is rare, it does move the way head and shoulders move and is often overlooked because of its weird-looking candlestick pattern formation. Perhaps we should call this the Two-Headed Orc's Head and Shoulders. Well, joke aside, I'm waiting for pattern confirmation before engaging in...
A Bearish Shark Pattern setup coincides with the Daily Chart Bearish Bat Pattern. Both setups are on a retest of the level, and shorting it would consider a trend trading setup.
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.
Two things can happen, we can engage that trade at the market(now) or wait for the Bearish Deep Gartley Pattern to complete. Why Wait? I'm not comfortable seeing RSI going higher while the chart wasn't; I take that as a warning sign(check out the yellow eclipse at the bottom of the chart). I trade with 1 of the mindset. I would rather miss a trade than engage...
On the daily chart, there is a kiss-of-death setup. What's kiss-of-death, well a term that was given to describe a retest of double top setup, came so close to violating it. And this is what makes this Bearish Shark pattern special. I'm waiting for the market open and wait for a shorting opportunity. Let us know if you prefer the current Shark Pattern setup or...
I like to make it clear over here. EURJPY on the Weekly Chart, Daily Chart and 4-hourly Chart shows a bullish trend setup. However, I'm waiting for a shorting opportunity at the retest of the key resistance level at 141.91. This analysis will stand for me if the market doesn't break and close above 142.18.
My analysis still stands; I'm waiting for a buying opportunity within the USDJPY trading setup. An AB=CD pattern setup would be completing at 133.43. I need a reversal confirmation for this short to mid-term buying opportunity.
The simplest-looking analysis often is the toughest to plot. I'm waiting for shorting opportunity as early as the market open. One thing to take note, make sure the market didn't gap up and close higher than 1.2311 for this to be a valid trading idea. An RSI Divergence did help to give me the push to look for a shorting opportunity on the 1-hourly chart that...
If you missed the trade ideas of EURUSD on Friday, this might give you a 2nd chance to engage in the trade. With that said, do your market analysis and not follow blindly. What's nice about this trading setup, the three primary timeframes I'm looking at has all the bearish trading setup I need. Daily Chart - Bearish Crab setup 4-hourly Chart- Ascending Channel...
Finally, a bearish shark pattern qualifies as a shorting opportunity. It has been a long waiting opportunity for this shark pattern trading setup. As you know or may not know that Shark Pattern can have as many as three different trading zones. What is needed is patience; failure to do that results in the loss of profits from trying to capture it and losing...
A bearish Bat trading setup for advanced and experienced traders to engage. The downside to this, is you have to watch this closely, at least till target1 was hit.