It has been 4 trading days that the market has consolidated and respected 109.31. It can be a good opportunity to short at that level.
Well, I've seen a growing interest in this coin and you might be interested in what is a good price to buy? With limited data on this feed, the price that's good to consider to buy is within the blue box. You have to ask yourself if you are trading and earning the difference or buying the coin and keep(no fluctuation risk) Make your own decision, you may use...
Well, the bearish shark pattern has not even touched its Target1, most of the time when this happens the shark pattern is not going to payout. If you look closely there's a bullish flag pattern and there are multiple tests on the base flag and coincidently I have a bullish Gartley pattern form and completes at the base flag, the only thing about this Gartley...
The bearish shark pattern on the weekly chart has finally formed up(check out the link at the bottom), it took me months waiting for the formation and trading is all about patience. Right now I'm waiting for the double top pattern to form on the 4hourly chart for an aggressive trade. Could this be the trade of the year, I certainly hope so.
I'm waiting for a double-top to form at 109.47 for a shorting opportunity. It is considered a trend-trading trade based on the 4-hourly chart.
GBPUSD is still on the bullish trend, trend traders can wait for a candle confirmation at 1.3777 for a buying opportunity on the Bullish Gartley Pattern. Gartley Pattern as a Harmonic Pattern usually forms a V-Bottom and it leaves the conservative traders out of action for most of the time.
On the 4-hourly and 1-hourly chart, EURUSD is still on its bullish trend, ticky part of this harmonic patterns is that it forms outside on the buy zone but yet even if it closes outside of the buy zone it is still a bullish trend. This is because, for this Shark Pattern, Point X happens to have a long shadow to invalid the buy zone, the candle has to break and...
On the 1hourly chart, NZDJPY shows an AB=CD Pattern, this is not the usual harmonic pattern I will be trading, but why now? Well, on the 4-hourly chart there is a head and shoulders formation, having the long shadow candle close or some may know as pin-bar isn't enough for me to engage the trade. I'm using this as a trend following technique and I'll wait to...
If you have watched the video analysis you would have seen that there's a potential head and shoulders formation on the daily chart; a confirmed bearish shark pattern on the 4-hourly chart and the emerging bearish shark pattern on the 1-hourly chart. I will wait either a bearish shark pattern on the 1-hourly chart to engage the trade or on the daily chart candle...
USDJPY has a confirmed descending triangle setup, I will be waiting for a retest on the trendline for a trend trading and trend following trading opportunity. A break and close above the trendline will invalid the trade.
Although a lot of traders are looking to short GBPUSD, the technical setup doesn't show any signs of weaknesses on this pair. The market has hit Target1 2times on the Bullish Gartley Pattern(yellow) setup. Will there be a Type3 Gartley Pattern? Well, I doubt so, it is more likely to have a Bullish Butterfly Pattern(blue) than a Type3 Garley. I'm waiting for a...
On the 4-hourly and 1-hourly Chart, EURUSD is on a bullish trend. The earliest price for trend traders who prefer a retracement(pull-back) to engage the bullish flag pattern is 1.2071, personally, I will be waiting for 1.2055 to engage the flag pattern.
Let's see if we have any earning opportunity before market close, if not let's start planning for next week trading setup
A bearish butterfly has just setup on the 1-hourly chart. This Harmonic Pattern usually will create a V-Top and hardly retest. However, I'm not staying up till 0200(+8GMT) or 21:00(UTC+3), the call is yours, I'll access this tomorrow.
A bullish shark checkback is what I'm waiting for. This Harmonic Pattern matches a retracement on a 61.8% pullback after the daily chart has a double bottom setup. 1.7767 is the level that I will be watching closely for the trading opportunity.
There's an emerging Bearish Bat Pattern for a Shorting Opportunity, but before I engage on the Harmonic Pattern there's an opportunity to long USDCAD before the setup. And this is possible because of a the break and close above the bearish trendline and a trending that provide a buying opportunity.
USDJPY is on a bullish trend and it has the most interesting setup. If the market didn't break and close below 108.70, I will be looking for a buying opportunity. Once the market extended to 109.62, I will be waiting for a bearish engulfing candle for a shorting opportunity on the bearish shark pattern setup.
An Emerging Bearish Bat Pattern gives the counter-trend trader an opportunity to engage the trade. Trend Traders can wait for the market to retrace to 1.3793 for a buying opportunity.