Low Risk, Good Return Trade A Bearish Shark Pattern has shown up on the AUDUSD 4-hourly chart. As it is not the best trading setup but the second target produces a healthy Profit Factor of 2. I've shorted the Shark Pattern as it coincides with the 1-hourly chart 3 drive formula. This is possible because we use our in-house A.P.E framework and this is known as...
A combo trade, this is what I call it. A Bearish Shark Pattern appears on the M15 chart coinciding with the 1-hourly chart Wedge Pattern with a retest of resistance, allowing me to engage the trade base on the M15 chart but allow an extended target on the 1-hourly chart. As good as it sounds, I'll be placing my stop loss as per usual and will not overtrade this.
If you have been following me for sometime, you would know that I've my bias in looking to long the US Dollar. At this moment, there isn't such opportunity, but multiple shorting opportunity presents itself, in this moment, the bearish crab pattern, retest on the 4-hourly chart. I will take the trade once the market has show the confirmation and will treat it as...
After the daily made a bearish push to the downside I wanted to see how price reacted to the 38.2 prz level. on the 4H, a hammer on top of the 38.2 fib as well as support. Breaking things down to a lower timeframe I had a correction trendline drawn from the latest swing highs. Price had broken the correction trendline and began up trending on the 15min and 30min...
Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Gold is coming off of lower low after lower low on all major timeframes so its not surprise that my first bias is bearish. However, when it comes to intraday trading, momentum is important for swings in the market and the difference between volatility or consolidation while profits float. I'm going to take this opportunity to buy gold if a structural higher high...
AUDUSD is currently at its lowest point since breaking out of consolidation on last week. This week it may look to re-test the bottom of the range or the neckline of a confirmed double top bearish reversal pattern. However, the case, this pair is overall bearish. The big move will come from a short. I've noticed that its currently trading around the weekly support...
I decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward...
I believe that now is the best time to get inside for a countertrend bullish move. Gold is in a downtrend since reaching its all time high. Intraday I will spot higher highs with strength and momentum. The prior higher high was fairly strong. Price retraced to the 38.2 then began giving bullish reversal signals. My target is the major 38% retracement of a daily...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Sideway patterns, often labeled as losers or deemed non-tradable periods by some, invite differing opinions and perceptions. It ultimately rests upon the individual trader to discern their potential. As for me, I perceive them as a treasure trove of trading opportunities waiting to be explored. Why, you may ask? It's quite simple - all I need to do is sell at the...
Do you still remember those unforgettable moments when I first embarked on my trading journey with GBPJPY? It holds a special place in my heart as the very first pair I traded, and I stuck with it through the ups and downs until the spread for GBPJPY skyrocketed to 14 pips for an extended period. Oh, the memories! Presently, GBPJPY finds itself in a captivating...
It's no secret that I've been looking to short Adidas for weeks before the Bearish Bat Pattern show up. As a trader, I love to wait for the precise price with candlesticks confirmation before engaging my trade; hence I miss the first opportunity. And that's ok! In trading, I have this philosophy that is better to miss a trade than to engage in a trade at a...
Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.
NOT FINANCIAL ADVICE Structure is forming a very nice counter trending zigzag (5-3-5) formation; wave (4) aka waves ABC. Currently wave C underway, and we're expecting further impulsive waves to the downside, coupled with some strong divergence signal. If signal is found AND price touches the region between $25.8k to $26.2k, then we can safely say waves ABC,...
A Bullish Butterfly Pattern retest give traders who were looking for buying opportunity to engage the trade. What I like about this setup is that a clear RSI Divergence is within the butterfly pattern
US Dollar has been in focus recently due to several factors such as debt limit concerns and bank failures. However, my analysis indicates that the Dollar is still bullish and I'm looking for a buying opportunity at 133.75, provided that the support level holds. For those who are seeking shorting opportunities, the red trendline could be a potential entry point....
Patiently waiting for a prime shorting opportunity on EURUSD as the market struggles to breach the crucial level of 1.1093 on the weekly chart. My strategy involves utilizing the Bearish Shark Pattern setup, which shows completion at 1.1097 on the 1-hourly chart. With a calculated approach and keen attention to market behaviour, I am poised to execute a...