Advance trader who can plot a similar bullish trendline and have your alert setting as once per bar close and wait for buying opportunity once the market touches it.
If you face challenge doing that, keep refreshing this analysis until you can see a link under related ideas.
Still not in a short position but was expecting to see this push down. Just thought id break it down and show the next couple areas I'm interested in, long term I see the trend continuing but ill be looking for longs on the retracement just in case.. always remember to trade with a plan and stick to it!
As always make sure stops are at break even if you took buy trades, price is in an area of 2 key levels as highlighted and can do anything from here... (create a right shoulder for a short) or ( continue long term continuation to the upside). I believe price will be slow and will be waiting for a reaction to the fundamentals before giving a clear direction!
Probably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen.
What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that...
Counter-trend traders do take note, if you are looking for a trend-reversal trade, it might not be the time yet.
What I've spotted is a potential Bearish Flag Pattern, the Flag Pattern confirmation will happen when the candlestick break and close below 0.5560, so I say, "Hold your horses!" Let's see what pans out.
Check out the related ideas at the bottom to...
For me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down...
GBPUSD is on a bearish trend; you may wonder if GBPUSD will hit parity with the dollar. The next level of support is at 1.0554, the market has to break and close beyond the level before we talk about Pound Parity with the US. The immediate resistance level that I'm waiting for a shorting opportunity is at 1.1212.
EURUSD is on a Bearish Trend, trend traders and trend continuation traders can wait at 0.9813 when the market retest the Key Resistance level for a trading opportunity.
Trend:
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and...
Hey Trading family! In this education post I'd like to share with you my observation of the 3 cycles that create the uptrend and downtrend.
First, trend refers to the natural movement of price action. You may know this has highs and lows. I say we dig deeper.
Highs and lows are referred to as the highest price a buyer could buy a currency while a low is the...
Bull Flag, is definitely 1 of my favourite. I'm excited in seeing this Flag Pattern 🚩 formation of the 1st pair I trader 17years ago.
God! I feel old.
Will things aside, I will wait for candlestick pattern confirmation before engaging this beauty.
EURJPY long has alerted.
Trend trade identified and entered.
Working 2H timeframe on this strategy.
Trade details can be found on the chart in printed label.
Working to TP targets on the printed label.
Trade box is tracking the trade.
No let up in the Yen weakness.
Looking to bank 58 pips on this trend continuation.
Want to know how I identified this...
Last Friday NFP's positive report appears to have interrupted the downside turn. Despite the strong bearish expectations from the majority; the bulls could be about to make their move as multiple rejections of the $1,700 area from the buyers occurred for the second time in the last two weeks. In this video, I detailed my expectations based on the current structure...
To all the crazy supporters of USDJPY, your chance to long this pair has come in an aggressive setup.
So why is this an aggressive setup?
The market has not reversed back to 143.09 to give further confirmation of the market movement. If you are a Bat Pattern Trader, you should know that.
I'd take this on an aggressive approach; remember to place stop-loss below...
In Today's trading session we will be monitoring AUDUSD for a Selling opportunity in and around 0.68 area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading...
Welcome back! Let me know your thoughts in the comments!
**EURAUD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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