It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel. That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy. If a break...
EURUSD sits within the resistance zone of the weekly chart, the long week had created an additional resistance level on the daily chart; even a break and close above 1.0485 happens, we have the Bearish Crab Pattern where we can catch the bearish move at 1.0597.
I'm waiting patiently and hopefully that GBPAUD pushes back down to 1.7500 before waiting for buying opportunity. With a glance you might see that the price is close to one another, but its not, it was 74pips apart!!
A Bearish Shark Pattern completing at 86.76, I'm waiting for a 3-bar pattern confirmation to engage the trade within this sideway increase volatility.
GBPJPY, I'd spotted this potential trends continuation setup, a double top with RSI Divergence on the dotted line is what I'm waiting for. Aggressive trader could wait for a 3-bar reversal on the dotted line.
It is amazing that till today the market still respect the parallel channel that I've drawn eons ago. I'm waiting for candlestick pattern confirmation to engage the trade.
Im waiting for shorting opportunity at 1.0456 with the help of the potential Bearish Bat Pattern. If you are new to trading, 3-bar reversal is the formation as your candlestick pattern confirmation.
If this Deep Gartley Pattern went valid, that means our previous trade has been stopped out at entry, which is okay. Capturing such a trading setup requires patience, it is no different from baiting!
A Bearish Shark Pattern is completed within the sell zone of the NZDUSD. It is a good trend trading setup that I'm going to jump in. Granted, engaging on a daily timeframe could be intimidating for most traders, but I have an approach to engaging it. The idea is to have lower risk with higher returns on each trade.
Well, this is how 1 of the ways I've engaged the trade with lower risk and higher returns. You have to have a clear understanding of trends, structures and filters before making such a decision. If you have it all wrong, you will be burning money faster than ever.
A potential Bullish Shark Pattern is looking to complete at 1.3039, visually it is close to the Weekly's Chart Key Support Level at 1.3004. The perfect setup would be the candlestick wick touches 1.3000 but close above 1.3039. This would bring 3 groups of traders to engage in the trade. 1. The Harmonic Patterns traders 2. The Structure Traders and 3. The Price...
The Bullish Gartley Pattern completes within the Key Support Level on the daily chart. Although it is unlikely for this setup to retest 142.63, for now, I will not engage with anything lesser than that trading setup.
This is what trading can be, I am waiting for a buying opportunity within the buy zone. For that to happen, a double-bottom setup is a minimum setup that is required before I consider a buying opportunity.
GBPUSD is approaching the Weekly Chart's Key Resistance Level that completes at 1.1872. What's nice about this setup is that a potential ABCD Pattern completes at that level, and that, gives a combo trading opportunity.
EURUSD is currently retesting the Weekly Key Resistance Level, 1.0352. I will wait for a Double Top set at that level before engaging in the trade. That means Tuesday would be the earliest time to be involved in this trade.
A potential sideway bounce setup on CADJPY can be seen at 109.24 for a shorting opportunity. For this to be a valid sideway bounce trading setup, I've to see a 3-bar reversal at 109.24 and naturally, one of the levels for trading consideration will be at 107.46.
On the higher timeframe analysis, my analysis on the Head and Shoulders trading setup still stands, despite the setup going off a bit. My plan to engage in the trade depends on this Bullish Shark Pattern setup. A candlestick pattern confirmation at 0.6357 is vital for that trading decision.
My analysis still stands, a bullish trend on USDJPY. My preferred trading opportunity lies in the Bullish Butterfly Pattern setup that is looking to complete at 143.96. A candlestick pattern confirmation is required before heading in for a mid to long-term buying opportunity.