During Wednesday Midweek Market Analysis, we did talk about this didn't we? The double top was there at 107.54, I've shared that it has to touch 107.33 and wait for a rebound before I will be interested to short at 61.8%-78.6% rebound. See what happen to the market. Isn't that beautiful? Stay close in our community for every session so you won't miss out any of...
Bullish Bat pattern setting up for a countertrend trading potential, let's see how the candle forms up on point D completion.
Well, this trade is already live and we have hit our 1st target, shifting stops to entry and attained a risk-free trade. The trade was posted and shared to my community, check the link at the bottom. Right now there are 2 things I'm waiting for, 1) Sit and wait for second target to hit 2) Retracement for either a type2 bearish bat trade or engage with new bearish setup.
A potential head and shoulders setup on the GBPJPY trade. Having the indecision candle with RSI Divergence made it more trade worthy. I'm waiting for further confirmation to engage this trade.
Bullish Bat at HOP level, yes you hear me right, a valid setup for this trend trading opportunity. A really nice checkback on the setup, trade engaged.
A bearish bat pattern sideways trading opportunity waiting for a checkback to 1.0977 for a shorting opportunity. Target1 as shown but on my second target I'm going to stretch that.
This is like a textbook case, the market pretty much moves in a very uniform manner. With this support(blue line) and resistance(red line) lines it is almost certain that when market break and close above 1, it will move to the next. Pretty much a heaven for traders, but you have to calculate and consider if the commission you need to pay, worth the effort.
Oh my if you are in this, is either thinking of exiting now or pray hard it can move to 1.04. This look like a crash waiting to happen.
For traders who are stuck in this stock, you may just want to continue to read this. Since you had been holding on to this trade, I would say hold on to a few days longer. That's what I'll do if I were you. A break and close below 0.895 might encourage me to prepare to cut loss. Another level I will be looking closely is 0.915 to spot if it breaks and closes...
Rsi Divergence on the 1-hourly timeframe where market retest the previous high. If the current candle closes the way it is at the 4pm(+8GMT) candle, I engage this on an aggressive short.
A bearish shark setup on a counter-trend trading opportunity. Trade has engaged, waiting for a shorting opportunity when the market check-back.
This is what typically happens to a shark pattern, you get bitten the previous round and you come in for more. A shark pattern can have as much as 3 entry price, if you aren't familiar with it, you can get a bitten twice in a row and you may say, no, I'm not engaging this trade. Guess what can happen on the third run? It can hit your target profit and you get...
A confirmed bearish shark pattern setup with arrow confirmation. On both the 1-hourly and 4-hourly chart it is a ranging market, but on the daily, it is a trend trading opportunity.
A bullish bat pattern spotted by the HPC, right now all I need to do is to be patient and wait for the check back on the blue arrow to engage the trade on this ranging market.
Deep Gartley Pattern that completes at X is my favourite setup, this setup has 2 other advantages 1) The PRZ converge at the same price. 2) It completes at the tip of the range.
A type2 bullish crab trading opportunity at the PRZ level, it will be nice a reversal pattern happens at the PRZ level. It the market break and close below the PRZ level, this trade will be invalid.
The bullish crab pattern has gone past the PRZ level. Right now there is an up arrow all that is needed is a bullish candle confirmation for a buying opportunity. Personally, since it has past the PRZ area, I would rather to wait for candle confirmation at the HOP level.
A bullish crab pattern that has dive past the PRZ level, at this moment I'm waiting for 2 things to happen. 1. Consolidation on the HOP level, with candle confirmation and arrow pointing towards the upside. Trading towards the target there is 2 trendlines I will take note, a break and close above the trendline is a must when market reaches that level. 2. A...