The market setup for this week is interesting. We have a couple of setups that work on the lower timeframe and we have seen a couple of AB=CD pattern setups and complete. USDCAD has an AB=CD pattern setup on the 4-hourly chart that works on the 1-hourly chart as well. What I would like to see in this Bearish ABCD pattern is that it touches 1.2812 which is also...
In an unlikely scenario, I'm waiting for the USDJPY retrace back to the parallel channel touch and reverse heading towards the Bullish Shark Pattern that completes at 112.36 to provide a potential entry price for my long-term trade towards the upside.
On the Daily and 4-Hourly Chart, the EURUSD has displayed a Bearish Trend and on the 1-Hourly, an Uptrend. This is my prefered setup as I could potentially sell at the High and exit when the price went lower. I'm waiting for a retest at 1.1322 or preferably a Double Top with an RSI Divergence to engage the trade.
Bullish Bat Patten touches the D Point completion with strong Bearish Candle and a warning sign at Point C. Is this the kind of setup you will be interested in? I'll be waiting for the 5pm(GMT +8) candle close for trading confirmation.
Price action is in a downtrend on HTF. I Noticed price reject at a poi. Now expecting price to resume its decline for a grab on liquidity and the creation of a new swing low. (Brk entry)
Going through my morning charting on trading view and i remember seeing #M on unusual whales pop up frequently and i glanced at the chart almost moved on to the next play and literally did a double look, but a cup is fully formed perfect on the one year one day and one year one week chart as you see in the image. It will be interesting to see if we can put a...
USD/JPY Forms Shooting Star In Weekly Candle. Sell With 1st Target of 112.1 and 2nd Target of 111.1 SL 115
Wait for it to cross the 0.382 Fibonacci line. Wait for a confirmation candle to enter If you enter the trade, your loss limit is 1.70 and your limit is up to the middle of the channel line This is just a simple analysis, not a purchase offer at all. Our friends are just helping you find growth-prone stakes. To enter into a deal, you need to know the basics of...
It is common for an analyst who shares 2 trading strategies within a single chart to have an opposing view or strategy. Well not for NZDUSD on the 4-hourly chart. There is a Descending Triangle that offers breakout traders to look for a shorting opportunity once the market break and close below 0.6980. Conservative traders can wait for a retracement and engage...
USDJPY is one of the rare charts that has all three Major timeframes, namely the Daily, the 4-hourly and the 1-hourly chart in Bullish Trend. While the 4-hourly chart has a Bearish Head and Shoulders setup, at this moment the structure holds. Trend Traders or traders who are looking for a buying opportunity can wait for a Double Bottom with RSI Divergence forms...
If you are a Double Top trader, you would know that it is not about the strategy but where it was formed. One of the struggles that traders have is, "Where is the end of the Double Top Pattern?" There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete. Yeap, "Wait for it!!" You can then look for a...
USDCAD reached the key level of resistance in the daily chart. With a pin-bar or a long shadow, the candle do get me interested in shorting it. Wait, an RSI Divergence as well? I'M ALL IN!!! Let see how it goes. While we have this kind of feeling when we spotted a trading setup that meets the analysis we have done days and weeks ago, we have to remember those...
There are two Harmonic Patterns, namely the Gartley Pattern and the Bat Pattern on the Daily Chart, but what I want to put my focus on is the Bullish Parallel Channel. The three timeframes, the Daily, 4-Hourly and 1-Hourly chart respected the Bullish Parallel Channel which gives the counter-trend traders an opportunity for a buying opportunity. The potential...
USDJPY Flag Pattern stands, but it took a turn and change to the flag pattern with retracement and not the high and tight flag pattern. Base on the 4-hourly chart, it has broken and closed above the channel, but it does break and close below the channel too, however, there's nothing to be worried about. If you are waiting for a more conservative approach, you...
On the Daily Chart, GBPUSD has finally broken and closed below the support level and has been deemed Double Bottom, Mission Impossible. A key resistance level at 1.3428 works on all 3 major timeframes, namely the daily, the 4-hourly and the 1hourly chart. You can wait for a double top setup on the 1-hourly chart the engage for a shorting opportunity. If you are...
On the daily chart, the key resistance level 1.1684 is a level that is worth mentioning for trend traders to look for a shorting opportunity. If you are into getting into the action before the crowd does, 1.1470 could just be the shorting opportunity for you. Remember to wait for at least a candlestick pattern confirmation and not jumping the gun.
A Bullish Shark Pattern has taken place on both 1-hourly and 15minutes charts of GBPAUD. The market has reached and touched the 5-0pattern formation at 1.8358. If you like the deal to be sweetened, you can wait for the retest at 1.8366 without closing above 1.8368 for a shorting opportunity at the retest of the previous high. Some traders would read the retest...
If you have watched my video analysis you would have known that there is a Bearish Shark on the 1-hourly chart as well. I'm going to squeeze the stop-loss level as there is the tweezer top that allows me to do that.