USDJPY doesn't have a distinct trend at the moment. If market consolidates within the red box I will be waiting for a shorting opportunity. A break and close above the red box then I'll wait for the market to travel to Point D for a shorting opportunity.
A bullish bat pattern came closer than last week, I will be waiting for candlestick pattern confirmation before engage the trade as a counter-trend trading setup. Take note that there is 2 support level that is close and lower than X, being aggressive on this trade is not advisable.
The Head and Shoulders formation has got us 145pips profit on the trade(link at the bottom). Right now we are waiting for a Bearish Gartley pattern for a shorting opportunity.
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USDJPY is a quiet pair, the red box indicate the level of the selling opportunity I am waiting for. Remember, when market consolidate it has potential on a harmonic patterns setup. You just need to be patient and wait for the trading opportunity.
Waiting for a counter-trend trading opportunity on this bullish bat set-up. A candle confirmation is required before I will head in for trade. The strong bearish movement shouldn't be treated lightly. There is a lot of trading development opportunity on this pair.
A bearish channel a level that trend traders can look for a shorting opportunity at the tip of it and counter-trend traders can look for a buying opportunity at the bottom of it. Candle confirmation on this trade is important, and this will be an add on to the existing trade I had on the Head and Shoulders(link at the bottom) which I've shorted it based on the...
A Bearish Bat Pattern that has an ABCD Pattern converge at the same level, it will be a level that I expect a high volatility movement, it will be a good level to consider for a shorting opportunity.
A Type2 Bearish Gartley Pattern, any takers? If the next candle is a bearish engulfing I'll engage on a retest.
This is not the typical head and shoulders trade I'll engage but the filter it's pretty good, Will observe how this candle close and will decide this trade in a moments time.
A bearish shark pattern consolidate on the 4-hourly chart resistance, a pending order has been set in anticipation of a check back to capture this trade.
A bearish Gartley setup within the consolidation zone, now the pattern has completed, I'm waiting for a retest to engage the trade. Target2 will be an extended target.
A friend asked me for my view on this on last FridayI will never look into airlines and related stocks, with covid19 going and most borders, without intervention I don't see how this can be a bullish stock for the year. Well, but you are already in it, congratulation. If you are conservative I will wait at 238.12-261.42 and wait for a reversal signal to exit the...
This is 1 of the most important trade for the week, at least for me it is. We had bearish Deep Crab pattern that we short at the HOP level and had gained 316pips on the 1st target. Well, we are still in this trade and I'm watching closely on this pair if the market retest the bearish Deep Gartley pattern, after the candle confirmation I will engage a new trade to...
If you have been following me for some time, you will know that I'm very bearish on AUDUSD on a longer-term(3-years) perspective. This Bearish Bat Pattern is at a perfect shorting opportunity on the daily chart. That being said, confirmation of the candlestick it's important.
A bearish Gartley Pattern form within the consolidation zone on the 1-hourly chart. On the daily chart, the bearish shark pattern has already formed. So, how I'm going to take this trade? Well, shorting this pair will be the main focus, I will be waiting for a candlestick confirmation on the Gartley Pattern. If the market break and close above the consolidation...
On the daily chart, there isn't a distinct trend as there was a sideway expansion that broke both support and resistance level, we need 2 breaks and close below the low or above the high to have a trend. Recently the 4-hourly chart also has a sideway expansion as well. Before we assume that this pair can't be traded, the 1-hourly chart, it is a bearish trend. On...
GBPUSD on the higher timeframe on the daily chart, it is a bearish trend, right not the setup is at its the perfect shorting opportunity. There are 3 opportunities to short this pair. 1. Within the sell zone(red box) there is a shorting opportunity 2. Personally, I preferred to short on the bearish shark setup on the 1-hourly chart 3. The head and shoulders on...