EURUSD is exhibiting a sideways movement on the weekly chart. Here are two potential trade opportunities: 1. Buying Opportunity: - Wait for a retest of support at 1.0847 for a potential buying opportunity. 2. Shorting Opportunity: - Look for a shorting opportunity on the Bearish Shark Pattern at 1.0893. What's your preferred trade plan for EURUSD?
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Let's look into what are the money making opportunities for the week
CADJPY is displaying a confluence of bearish patterns: 1. Weekly Bearish Shark Pattern: - Retest in progress. 2. Daily Type2 Bearish Gartley Pattern: - Completion aligns with the Bearish Shark on the weekly. The trader plans to wait for a confirming candle on the daily chart near the level of 110.37. Share your insights and trade plans for CADJPY!
EURJPY presents an interesting scenario with a potential combo trade, or is it? Let's break it down: 1. 4-Hourly Bearish ABCD Pattern: - Retest completion at 161.74. 2. Daily Bearish Bat Pattern: - Completion at 162.55. Two patterns, two different starting points. Is it a combo or a dual setup? Share your thoughts and let's navigate this intriguing trade...
USDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan: 1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart: - Patient approach for a comprehensive setup. 2. Early Trading Opportunities on 15-Minutes Chart: - Spotted Bearish Bat and Bearish Gartley Patterns. - Potential for quicker engagements...
GBPUSD is setting up for a potential combo trade. Keep an eye on: Bearish Shark Pattern: Timeframes: 15 mins and 1-hourly Completion: 1.2708 What makes this interesting is that both Shark Patterns have different starting points. Exercise patience and wait for candlestick confirmation. Share your insights and trade plans on GBPUSD!
If you're seeking shorting opportunities on EURUSD, I've got two potential setups for you. Remember, always wait for candlestick pattern confirmation before making your move. Bearish Shark Pattern: Look out for completion at 1.0917. Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish...
Let's look into how we identify market trends and spot the strongest currency of the week
In the world of trading, never underestimate the power of key support and resistance levels. These levels often become the battleground for market movements, forming a Sideway Bounce Trading setup. On my radar for AUDCAD: - Buying Opportunity: Watch for potential long entries at 0.8931. - Shorting Opportunity: Keep an eye on the chance to go short at...
An essential level on my radar is 0.6669 for AUDUSD. If the market presents a buying opportunity at this level, I'll be keenly interested. However, a break and close below this level would shift my focus to a shorting opportunity, waiting for a retest on the resistance level. Share your trade plans and thoughts on AUDUSD below!
Months ago, I shared insights into the impending Bearish Fib-3 Bat Pattern on the weekly chart, offering substantial profit potential (over 10,000 USD/lot). Check the detailed analysis within the TradingView post. Presently, my attention is drawn to a potential Head and Shoulders formation, indicating a shorting opportunity of more than 1,000 pips on the weekly...
Given the current consolidation phase in the market, I'm open to exploring various trading opportunities this week. For counter-trend traders eyeing a shorting opportunity, the completion of a Bearish Bat Pattern at 1.2803 is a crucial level to watch. Alternatively, for those in search of a buying opportunity, a retest on the trendline, conveniently aligned...
EURUSD maintains a Weaker Bull Trading setup on the Weekly Chart. This week, I'm flexible and ready to engage any compelling trading setup. Eyeing the 1-hourly chart, I'm particularly interested in a sideway consolidation trade, anticipating the completion of a Bullish Gartley Pattern. What's your take on EURUSD? Any specific strategies in mind? Share your thoughts!
My sights are set on a compelling setup for NZDUSD. Both the Weekly and Daily Charts align with a Bearish Shark Pattern, presenting a powerful Combo Trade opportunity. I'm waiting patiently for the Bearish Shark Pattern completion at 0.6352 on the 4-hourly chart, aiming for a High Profit Factor with reduced initial risk. What are your thoughts on NZDUSD? Any...
I'm keeping a keen eye on what I consider a golden trading opportunity - the retest of a Bearish Shark Pattern coinciding with a higher timeframe Type2 Bearish 5-0 Pattern on the Daily Chart. My plan is to wait for a retest around 184.15, aiming for a shorting opportunity. What's your take on GBPJPY? Any strategies or thoughts you'd like to share?
If you caught the short opportunity on the previous Fib3 Bat I mentioned months ago, congrats on the 836 pips (~8,360 USD/lot) gain! (Link to related analysis available in post) My overall stance on USDJPY remains bullish. For those eyeing buying opportunities, keep an eye on the daily chart for a potential market retest at 142.47 (refer to the left...
Despite GBPUSD demonstrating a Weaker Bull Trading setup, my analysis suggests a more bullish outlook compared to EURUSD. However, I'm currently eyeing a shorting opportunity on a lower timeframe. The emergence of a Bearish Gartley Pattern retesting at 1.2752 or a completion of a Bearish Bat Pattern around 1.2803 appears promising for a potential short...