City Union Bank weekly chart, price has made a lower low, RSI has made a higher low. Bullish Divergence, could lead to consolidation or reversal. The down trend could end now. Keep watch. Boost & follow for more.
On the 1 hour timeframe USDJPY has shifted from making higher highs and higher lows to barely making any higher highs and now broke the recent swing high.It also found resistance at an important level and made fake higher highs which immediately reversed.The uptrend has ran out of steam and a new downtrend has started.I believe it now a good time to take a short...
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.
Earning money can be as simple as waiting for the market to pull back to 0.6631 and waiting for a shorting opportunity. Trading could be easy; what's not easy for most people is having the patience to wait for the trading opportunity. They like to get involved in all moves. Mature traders will only wait for the best trading strategy and not get involve in every...
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...
If you are looking for the next shorting opportunity on EURUSD, you can engage the trade as early as 1.0761-1.0801 on the 4-hourly chart.
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...
The Intriguing Factors That Have Sustained My Interest in This Promising Buying Opportunity When it comes to GBPUSD, my sights are set firmly on one direction: buying opportunities. The stage is set for a potentially lucrative trade, and I'm eagerly awaiting the perfect entry point. On the 4-hourly chart, a retest of the trendline (right) holds the key to...
Simple idea here, A) Touched the downward trendline, even if this turns out to be a downward channel this is the bottom of the range. B) Deeply oversold on RSI ( <20 on both 1H and 2H ), C) RSI divergence on the 1H Just targetting a short term pullback here, short term Target 1.083 but potential for a runner up to the 1.09s.
If you have been following, you should know I've been getting into the long position on the AUDCAD to take a ride on the Weekly Chart's 5-0 Pattern. If you aren't familiar with harmonic patterns,it means I'm looking to have a ride on the bullish trade from a mid to long-term perspective. (approx 2mths) There are a couple of attempts, and not all went to loss, it...
USDJPY is a currency pair that indicates the exchange rate between the US dollar and the Japanese yen. When market analysts mention that USDJPY is in an uptrend, it means that the value of the US dollar is rising against the Japanese yen over time. However, the analysts also note that there is a formation of hidden bearish divergence on the Relative Strength Index...
Last Week, I mentioned my plan to await a suitable shorting opportunity on the EURUSD, owing to the retest of resistance with RSI divergence. As anticipated, this move resulted in a total profit of 205 pips (equivalent to 2,050 USD/lot) based on the difference between the opening and closing prices. My strategy for this week remains unchanged, and I am still on...
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
Based on H4 timeframe, AUDCHF showing RSI divergence. first its showing bullish divergence & if on monday again H4 candle close in RED than we confirm on bearish diverdence.
Within the consolidation zone, a bearish shark pattern has emerged, and with the presence of a magic candle, it presents an opportunity for an aggressive trade entry. The consolidation phase offers a prime opportunity to identify harmonic patterns.
This particular trading structure may be viewed as an aggressive approach, but it presents a compelling setup for counter-trend traders. The first target is in close proximity, affording the opportunity to adjust our stop-loss to entry once the market reaches that level. This grants us a Risk-Free Trade, providing a favorable risk-to-reward ratio for traders who...
Counter-trend trading can be a lucrative strategy if executed correctly, making it a favorite amongst traders. When done right, it can provide the best profit factor, making it a viable option for those seeking to maximize returns. As for the EURUSD, the weekly chart displays a retest on resistance with an RSI Divergence, signalling a potential shorting...