USDJPY has caught my attention with the potential for a shorting opportunity. Here's the breakdown:
1. Previous Bearish Run:
- A notable 850 pips (~8,500 USD/lot) on a previous USDJPY Fib3 Bat Pattern run.
2. Current Outlook:
- Considering a bearish stance on USDJPY.
- Awaiting a market retest on the 1-hourly chart at 147.74.
Share your thoughts and...
In our current analysis of USDJPY, two distinct trading opportunities emerge:
1. Fib-3 Bat Pattern Retest:
- Timeframe: Weekly Chart
- Setup: The Fib-3 Bat Pattern type2 on the weekly chart has already provided a profitable opportunity, and a retest is anticipated.
This pattern has previously yielded a substantial 903 pips in 13 weeks.
2. Bullish Butterfly...
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...
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 prevalent negative sentiments surrounding the Dollar's bearish outlook, I maintain a bullish bias on USDJPY. I perceive the recent bearish move as a retracement within a longer-term bullish trajectory.
For those inclined towards catching the retracement, the Bearish Fib-3 Bat Pattern on the 1-hourly chart might provide an entry opportunity for shorting at...
It seems that the USDJPY is presenting challenges in trading decisions.
Despite the presence of a valid bearish fib-3 bat pattern, your interest lies in seeking a buying opportunity, expected to materialize potentially by Tuesday based on further market development.
You've also noted the invalidation of a Bullish Gartley Pattern on the 1-hourly chart,...
Last week, I issued a warning: "it's not a good idea to short the USDJPY!" Despite months of anticipation, the bull run on USD is not yet complete. If you're still waiting for a shorting opportunity, keep an eye on the 4-hourly chart for the development of the bearish shark pattern—a potential entry point for this counter-trend trade.
Now, let's discuss trade...
I've identified a Bat Pattern retest on the NZDJPY, representing a counter-trend trading setup. This trade is categorized as a combo trade due to the presence of a bearish shark pattern retest on the weekly chart.
In this instance, I've opted for an aggressive approach , meaning I'm engaging in the trade before waiting for candlestick confirmation.
The...
The Bearish Fib-3 Bat formation on the Weekly chart certainly catches the eye, particularly with the presence of a long-shadow candle.
However, it's important to acknowledge that the trading setup remains unconfirmed. Waiting for confirmation may entail missing out on potential profits, to the tune of 200 pips.
Here are some strategic considerations:
Option...
The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend.
Counter-Trend Strategy:
As a counter-trend trader by nature, I'm on the lookout for shorting opportunities.
Trade Possibilities:
Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback...
We've identified a potential opportunity for counter-trend traders in the form of a Bearish Fib-3 Bat Pattern completion on the Weekly Chart. This could be a great chance for traders to engage in the trade and make a profit.
However, we understand that the initial stop may be too large for some traders to handle. That's why we suggest waiting for the setup to...
