Analysis:
- Trading Setup: Bearish Fib-3 Bat Retest
- Entry Zone: Identified at Bearish Bat Retest or Key Resistance Zone
- Signal Confirmation: Supported by RSI Divergence
- Trading Expectation: Expect potential stop-outs on lower time frames
Trade Plan:
- Short Opportunity: Aggressive traders may consider shorting USDJPY at the identified retest zone...
An amazing Bearish Fib-3 Bat with RSI Divergence has surfaced on the CADJPY 1-hourly chart.
While some may see this as a great counter-trend trading opportunity, others might interpret it as a warning sign and choose not to engage.
But here's the twist - it's a Combo Trade.
On the Weekly Chart, there's a Bearish Shark Pattern Retest, accompanied by a Type2...
Have you observed the eclipse on the weekly chart of JPY pairs? It's a prevailing theme, reflecting a retest of structural support across all Yen pairs in my list.
This setup hints at a potential buying opportunity emerging in the upcoming week.
However, for those like me, eyeing the Bearish Fib-3 Bat Pattern on the weekly chart, there are two enticing...
USDJPY's Weekly chart confirms the presence of a Bearish Fib-3 Bat Pattern, signaling a potential trading opportunity.
One approach to engage this trade involves patience, waiting for a break and close below 146.66 on the 1-hourly chart.
Upon confirmation, I plan to enter the trade, anticipating a significant pullback or a setup aligning with the bearish...
In this trade, I'm taking a counter-trend approach, spiced up with a touch of adventure on my second target.
The convergence of the Fib-3 Bat Pattern with the Deep Gartley Pattern setup is a remarkable alignment. The addition of RSI Divergence serves as the icing on the cake.
Once the market reaches my first target, I'll be making the prudent move of shifting my...
