Waiting for a double top to engage this short trade as a trend-continuation trade.
Great trading opportunity for aggressive trend traders but to note the stops might have to place above the bigger pink box in preventing stop-out.
Conservative trader can look into single target engagement.
Did I mention it is also a 5-0 pattern? :)
A Bearish Flag forms on 4-hourly chart, trade engaged as on the 1-hourly chart(right) it was a bearish gartley that has reached the 1st target level.
Compare with his counterpart, CADJPY, this is a better pair to short as there's a previous support level. on the higher timeframe
A simple sell zone and an aggressive shorting opportunity when the market opens on this long shadow candle.
Check your live data on the closing price of the bullish long shadow, mine live data, the candle just close at the previous high and did not close above.
Trading can be simple.
On the trending market, I'm waiting for a bearish gartley to setup within the sell zone and on the 1-hourly chart, a bullish shark has already formed up. Although it passes X if it meets your rule it is still a valid trade(only for shark pattern)
Shark Pattern formed now. I've engaged the trade, this trade has a great reward:risk(RRR). This is a counter-trend trade
In trading, SET is 1 of the most important criteria (Stop, Entry, Targets).
Do you get that?
A bearish deep Gartley setup within the sell zone that give traders an opportunity to engage this bearish Gartley trading opportunity.
Can't wait for this trade to set up and most likely it will happen this week or next. Watching it closely.
A bullish shark pattern has formed up as a counter-trend trading opportunity.
I have personally engaged the trade and look at the wick of the candle, almost took off my stops and right now the trade is back on my entry price.
I will be watching closely with no plans of intervein this trade as I am also a rule-based trader.
Let see how this trade roll out. Like...
GBPUSD is showing a downtrend movement on the daily chart.
On the 4-hourly chart, the market does show a possible potential head and shoulders. I will definitely need to wait for the candle to touch the read shoulder before I can engage.
On the smaller timeframe, you can see the blue bullish bat pattern. I have already engaged this, thought market move back to...
Bullish Bat setup on Point C of Shark Pattern. As this is classified under counter trend trade targets for my 2nd target can't extend to shorting price for the bearish shark.
A trade that may not have a great win rate but great Reward:Risk.
2 ways of reading this trade setup, trend traders will read it as the bearish flag and counter-trend traders as triple bottom with RSI Divergence.
As a born counter-trend trader, I'm more into with the latter. I have already engaged the trade and see how this play out.
Great Reward: Risk and not all my decision is just based on that, for this trade there is no...
In this extreme situation, I would love to see a bullish engulfing candle for trading confirmation.
Great Reward: Risk for this setup and really love to see how this opportunity develops from here.
This trade is pretty much considered as a counter-trend trade.
A trend trading opportunity is still valid for me, having this bearish Gartley formation on EURUSD, gives a fantastic opportunity to hop in for a shorting opportunity.
Why so? Point D completed within the previous consolidation which also add in a strong resistance.
Many of times traders ask if what I learn in stocks can apply in Forex, my answer to that is YES, if you understand the mechanics and you have a tested strategy.
When the same question was asked for knowledge in Fx traded in Stocks? Guess what's my answer?
Yeap its the same and you have to look in your strategy.
This trade is long on support base off support...
Looking to short GBPUSD aggressively on this. Bearish Shark complete within the sell zone and on my 2nd target I'm looking for an extended target.
Check out my profile page and click on the link to redeem the video version of the analysis