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An aggressive shorting opportunity for Butterfly Pattern traders. The candle wick just touches the HOP level and seems like it's going to reverse.
8minutes to go for the confirmation. I've engage an aggressive trade on this and I'll leave that to your call.
Trend Traders might want to take note of this bearish bat shorting opportunity that completes at 0.7068 for a trend-trading opportunity.
The bearish bat pattern is formed within the sell zone of the current timeframe and within the bearish channel of the bat pattern.
A Bearish Deep Crab pattern has touched the D-Point completion at 132.45. Counter Trend traders can consider engaging in the trade.
Conservative traders can wait for
1) Further consolidation and make sure it didn't break and close above 132.77 for a shorting opportunity.
2) Wait for consolidation to happen at 133.60 for a shorting opportunity as a second chance...
USDJPY had a bullish run for a while. If you are looking to hop into the bullish trend, a retest of trendline without breaking and closing below gives an opportunity for trend trading/ trend following traders to hop on to the trade.
Conservative traders can wait for the 2nd buy zone at 112.08-110.77 for a buying opportunity.
If you see GBPUSD is on a bullish run, then you have to look at its daily chart. From what it shows it is full of shorting opportunities up till this point.
The red box denotes a sell zone and the bearish trendline still hold(the red line).
EURUSD present a structure trade more than others. A daily chart sell zone of 1.1641-1.1522 provide a great shorting opportunity for trend trading traders.
Even a break and close below, the key resistance level is held at 1.1686 for a final shorting opportunity as a trend trading opportunity.
If you are looking to change AUD to EUR or you prefer a lower EUR against Australia, today is a better day to do it.
My friend's client was looking to do this exchange. At this moment the exchange rate of EURAUD is at 1.5731. This means you only need 1.5731AUD to exchange for 1 EUR rather than 1.6376AUD to exchange for 1 AUD.
It is a saving of 3.93%. This may...
However, this is my prefered bullish shark to engage and there are 2 reasons for that.
1. At this moment, the bearish movement is still strong, it seems like it can go a bit lower before any reversal happens
2. The Shark Pattern that forms at this level coincide with the completion of the Bullish Bat, or better known as Fib3 Bat or Alt Bat Pattern at the...
A Bullish Shark Pattern consolidate at Point D, providing a perfect buying opportunity for counter-trend traders.
Take note that tonight at 8.30pm(GMT +8), there is a US NFP, 1 of the most volatile event for this month. Hence, if you are in this trade, check at 7.30pm to see if it reaches the 1st target.
AUDCAD having a Bearish Butterfly setup that violates the bearish trendline. The close of the candle at point D of the Butterfly Pattern is pretty important for me to decide if I will engage the trade.
Bearish Bat Pattern on AUDUSD will set this pair into a counter-trend trade.
Having the candle bash through and close above point D, I will need to see a pin-bar or known as a long shadow before engaging the trade.
A Bearish Deep Gartley forms within the consolidation just before the bullish bat.
However, there is a bullish bat pattern has completed on the 1-hourly chart that allows me to apply my stretch trading management.
Let's see how this trade rolls out.
A bullish bat pattern for the NZDUSD, not the best setup as X(the starting point) didn't start from the lowest point. I will be waiting for the 15mins candle close to determine if it has a 3-bar reversal for me to engage the trade on this bat pattern.
I've engaged the AUDCAD trade on the M15 chart 0.9157 on a Bullish Gartley or a Bullish Deep Gartley Pattern to some who differentiate the two setups.
The Gartley Pattern gives me a second entry opportunity of the 4-hourly chart's Bat Pattern for a buying opportunity on the Bullish Bat.
That's why is ok to miss the trade and just be patient and wait for a second...
A bearish crab pattern may emerge and complete at 0.9240 for a shorting opportunity.
On the other hand, traders who are looking at the 4-hourly chart might have a different view. A bullish bat pattern.
This is why it is very important to follow your trade plan and stay out of the trade if you aren't certain.
I'll be checking the candle formation on Monday...
EURJPY has a Bearish Flag setup, even if this play out, this could be a weak setup as it doesn't land on the previous support level.
Nevertheless, it is a great shorting opportunity for trend traders and if you remember that's partly because of the Bearish Shark Pattern setup that I had shared on 15 March 2021 based on the Weekly chart.
If you are still in this...
USDJPY is on a rather weak bullish trend, that enables trend traders to wait for a retracement to 110.65 for a Bullish Shark Trend Trading Opportunity within the Buy Zone 110.80-110.53.
There are other more aggressive trading opportunities that present on the 4-hourly chart as simple as a 3-bar reversal.
Having the Weekly Support level 1.3606 turns into the Key Resistance Level, GBPUSD is set for a ride down for the foreseeable future.
I'm waiting for a shorting opportunity when the market retest 1.3606. Another shorting opportunity could be the bearish trendline that went across Point A to Point C on the Emerging Bullish Deep Crab Pattern.