Analysis of USDCAD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bullish trend
2. Bearish Divergence
3. No continuation pattern
4. Double Top reversal pattern formed
5. Bearish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making LHs & LLs
7. Initiated two trades on...
Like I mentioned in our weekend live session, I don't see any BOJ intervention happening soon.
The earliest I’m looking is when the market reaches 158.73, with the next level at 159.66.
Around 157.74 is the level I'll be looking for a buying opportunity using the existing strategy that I've used for many years.
Key Levels:
Potential Intervention Levels :
-...
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...
NVDA has risen above the trading range but has started to print weaker Bearish candlestick patterns on the Daily as it approached the PCZ of a potential Bearish ABCD pattern. At this point in time it seems like NVDA will fall short of $600 then come back down to its last official support level which was at $272.42, if 272.42 doesn't hold then it could go into the...
GBPUSD is on a Weaker Bull Trading setup, if you are looking for buying opportunity there are 2 trading opportunities for you.
The Bullish Shark Pattern may form on the daily chart at 1.2343, alternative you could wait for a retest of support at 1.2559 on the 1-hourly chart.
If you are looking for counter-trend trading opportunity, the 1-hourly chart do have a...
It appears EURUSD is currently within a Weaker Bull Trading setup.
For trend traders, waiting for a counter-trend opportunity might be a potential strategy.
Counter-Trend Traders, here are two considerations for your approach:
As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer...
Stellantis: The Nvidia of Autos has formed a Bearish ABCD that is visible on the Monthly Timeframe with MACD Bearish Divergence and Bearish PPO Confirmation. If this plays out, we could see this go towards the C level, which aligns with the 0.786 retrace at €4.48
Last month I posted a setup that made the argument that NVDA was trading within the Pattern Completion Zone of a Bearish ABCD visible on the Monthly Timeframe and that all I was looking for was a Monthly PPO Confirmation Signal which would likely be triggered by a Bearish Negative Monthly Candle within the Zone; this situation remains the same we are still trading...
💹 GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone.
⛔️ However, as a Counter-Trend Trader, I'm eyeing a potential shorting opportunity on GBPUSD based on the setup on the daily chart.
🔍 My trading approach will shift to bullish once it hits the key support level or...
Recently, BTC has been showing promise to begin a macro breakout and run up to over $100,000, but even more recently on the lower timeframes, it's been giving off some bearish signs at a Bearish ABCD PCZ that we could actually go back down to around $16.75k from here before actually beginning the true run up towards the 6 digits.
We have made three Consecutive...
This could be for you if you are waiting for a counter-trend move. A Bearish Gartley Pattern is expected to complete at 1.2605, but the earliest for that is on 12 Jun 23, 1200(utc+3); any earlier than that, the trade would be invalid.
If a break and close above 1.2605 occur, I will wait for an M.C confirmation at 1.2659 on the ABCD pattern.
Both of these...
ABC currently is Bearishly Diverging on the MACD and RSI around the 2.414-2.618 PCZ of a Bearish AB=CD where it has also developed a Bearish 3 Drives Pattern and a Bearish Shark. If we get the action I'm expecting to see from here, it will come down and break through the trend line and then continue down to the 0.886 retrace at $77 in a dramatic way.
USDT Dominance is trading within a Rising Wedge pattern and within said Wedge it has formed a Perfect Bearish ABCD leading to the Top of the Rising Wedge and the 78.6% Fibonacci Retrace of the Range.
In time we could see the falling wedge breakdown from here and continue the macro downtrend below 6%
Looking ahead, the EURJPY is poised to be the most trending pair in the coming week, with a bullish Euro and bearish Yen driving the market. This presents a great opportunity for trend traders, as the pair is expected to rise steadily.
Personally, I will be watching for a retest of 149.53 on the 1-hourly chart as an entry point for a trend-continuation trade....
Harmonics Bearish AB=CD Pattern
Set Sell Stop At Point D
D Point is Likely Reversal Zone
Wait for the Divergence
Then Trade Further Accoridng TO Plan For Reversal Divergence
An Upsize Trade is the name of 1 of my trade management.
On the 4-hourly chart(left) is a complete ABCD pattern. I'm waiting for a retest at 158.98 for a buying opportunity.
When the retest happens, I'll be stretching my final target to the Bearish Bat and Bearish ABCD Pattern which completes at 168.11.
This is a high-risk approach and it could harm your...
If you have missed the Bearish ABCD Pattern, you would have missed 258pips of profits. One of two ways you can do this is to wait for the market retest at 1.7979 and ensure an RSI Divergence with a 3-bar reversal before engaging the trade.
This is just An IDEA .
In EURJPY DAILY Timeframe have ABCD BEARISH Pattern GREEN LINES are Targets for TP.
WAIT until close RED candle.
HAVE GREAT DAY .
