RaynLim

RaynLim

USDJPY has a break and close above the consolidation zone, showing a potential bullish flag pattern to be in play, a retracement back to 109.25 would be the perfect price for the buying opportunity and of course showing a strong bullish continuity movement, however if the market retraces deep into 109.25-108.49 it is still a valid buying opportunity.

RaynLim

On the daily chart, GBPUSD has retraced back into the buy zone and reverse, this shows that GBPUSD still has the bull within it. Therefore, on the 1-hourly chart, I'm waiting for a buying opportunity from 1.3723 to 1.3700. On the next webinar, I'll be teaching this, stay-tuned.

RaynLim

EURUSD is on a bearish run. The sell zone with the darker red will be the area for traders who are looking for shorting opportunity. This is the level that is most likely to be broken, but if this level stays, it shows that we can expect the stronger bearish move is still in play. Overbought with RSI Divergence will be the signal for us to look for the trend...

RaynLim

A bullish shark pattern is closing in and I'm waiting for a candle confirmation at Point D for a buying opportunity.

RaynLim

AUDCAD is special, on the 1-hourly chart I'm waiting for a retest on the trendline to long and the final target will stretch to Bearish Shark Pattern completion which coincides with the trendline that can be used for a shorting opportunity. A break and close beyond the trendline will put the trade invalid.

RaynLim

Before the Bullish Shark forms up there is a Demand Zone which falls into the Key Support Level for EURJPY on the 4-hourly chart. If the market fall and close below the blue box, then we are waiting to buy on the Bullish Shark Pattern that forms on the Bullish Trendline.

RaynLim

Trendlines are amazing, there are many ways you can use them, for this instance I'm waiting for a shorting opportunity when the candle touches the red line but not closing above it. When it hit the middle trendline, I'm going to shift my stop-loss to entry and once it reaches the bottom trendline, as long as it closes below the trendline, I'm going to keep the...

RaynLim

GBPUSD is in a sideways consolidation. This setup allows us to trade within the zone(green box). The setup is safer when we are shorting from the top of the green box, than buying from the bottom of the green box, and the reason for that is the previous bearish trend which coincides with the starting point of Point X on the Bearish Shark. However, if you are an...

RaynLim

After a week, EURUSD didn't create a new low on the daily chart. I'm waiting for a counter-trend opportunity. On the 1-hourly chart within the 4-hourly buy zone, there is an opportunity that awaits, at 1.1881 I'm waiting for a buying opportunity. Candle confirmation at that level became important to the trading setup.

RaynLim

A Head and Shoulders retest is not exactly common. Since the market has stabilised from the fall, it is a good opportunity to reengage the trade. The previous high would be the area I'm looking to shift my stop to entry and I'll observe closely at that level. Break and close above the high at 0.7850 would be preferred.

RaynLim

Well, the market has spoken, the setup is more of a bat pattern than a shark pattern. The ideal situation right now is that the market head down towards 0.7733 and rebound to 0.7785 and give us an amazing shorting opportunity. That pretty much looks like Hollywood trading, well jokes aside Type2 Bearish Bat setup waited at 0.7785 for the shorting...

RaynLim

A bearish shark setup looms on the weekly chart. While waiting for the pattern to touch 131.58 and confirmed its setup, I'm waiting for the opportunity in the lower timeframe for a buying opportunity.

RaynLim

If the market retraces back to the yellow zone, the action on USDJPY will be on this timeframe, the 4-hourly chart. If the market shows a buying signal without breaking and closing below the low price within the yellow zone, I will be looking for a buy, however, if the market break and close below the yellow zone, I will wait for a retracement back to 108.70 for...

RaynLim

Although on the 4-hourly chart there is a potential bearish shark pattern, I'm waiting for a touch on the trendline for the shorting opportunity. A setup like this is clean and can offer great Returns.(if you know how to maximise it)

RaynLim

This is a valid Butterfly Pattern setup. You might ask why is that so? It's because the Stop-Loss wasn't triggered. It has also reached the 1st target. At this moment I'm waiting for the market to retrace back to the black box for a type 2 bearish butterfly shorting opportunity, breaking and closing above 1.1989 will invalid the pattern.

RaynLim

Have you shorted this wonderful setup? The beauty and challenge of this trade is that it has a Bat Pattern within the Shark Pattern. The good thing is that it completes at the same point and the bad thing is that by the rule of it, the bearish bat pattern has a stronger influence over the bearish shark pattern. Either way, I'd shifted stops to entry and observe...

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RaynLim

I'm going through the routine of my analysis and was thinking, why not we just go live.

RaynLim

A Bearish Butterfly Pattern is about to form up. Later at 9.30 pm (+8GMT){about 4hours and 45mins}, there is an ECB press conference, will your trading decision get affected by that? Well for me, it's likely that I'll hold back by the trading decision as this Press Conference is going to address a few issues. Let's see if we can use trendline to catch onto the ride.