USDJPY-Weekly Market Analysis-Mar22,Wk4Trading can be simple. A simple trade plan could bring in great profit. A break and close below the trendline of the USDJPY 4-hourly chart would make the trade possible.
Countertrend
AUDUSD - Bearish CrabI had profited 212pips on the AUDUSD Bullish Deep Gartley Pattern(check out the link at the bottom). It's only 212pips because I got in late.
Now I had shorted the Bearish Crab Pattern at HOP level. One of the perks of this is the Reward:Risk Ratio.
What I didn't like the candlestick consolidation looking left.
GBPUSD - Bearish SharkIt is important to wait for Candle Confirmation even on the most familiar currency pair and most familiar setup.
The close of the current candle will determine if the Shark Pattern is valid. The Bearish Shark Pattern formed at 1.3177 and was confirmed once the candle closed at 1.3173.
As this is a 1-hourly chart setup at 1700(GMT +8) or latest by 1900, it will give us a clear picture if the trade is valid.
CADJPY - Bearish SharkThis is the trade I'm talking about, check the link at the bottom if you have no idea what I'm talking about.
The Shark Pattern at the Weekly Chart Resistance. It is a trade that I'm going to follow closely.
CADJPY - Bearish SharkCADJPY has been giving us an amazing trading experience. Once again, another Bearish Shark Pattern has formed up. What's different from this setup is that the 4-hourly candle has broken and closed above X. This is something that you shouldn't treat lightly.
You can head to the lower timeframe and wait for a Double Top setup with RSI Divergence on the 1hourly chart. That should significantly reduce your initial stop-loss providing and reward of up to 5x.
Long Idea : DOT/USD Long Idea : DOT/USD
If the research holds true we are anticipating the market to turn bullish once the market breaks into the buy zone and Long term we anticipating the market to push to our target 62.64038683 .
Take Profit (TP)1 : 53.98448969
Take Profit (TP) : 62.64038683 Long term
Stop Loss (SL) : 6.80493256
CADJPY - Bullish SharkBefore I talk about the Bullish Shark, I like to talk about the Bearish Shark Pattern(check out the related ideas posted within TradingView). That trade's target one has been attained{90.44} a total of 192pips captured, and its first target provides a 2.74 reward: risk ratio.
The market has to break and close below 89.81 will significantly increase the odds of the 2nd target being hit.
I will be shifting target2 further to 88.80, giving a 4:1 ratio to its risk profit.
If you have not engaged in the trade, do not chase the market.
I will then reverse the trade by counter-trend trading it as I engage the Bullish Shark setup.
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level.
Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas.
But if you did short this, you would have gained a total of 848pips.
5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level.
I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
GBPUSD-Weekly Market Analysis-Mar22,Wk2We have a Bullish Deep Gartley on the Daily Chart. There are 3 things that I'm not comfortable with this Deep Gartley Pattern are:
1) A retest at Point C
2) Consolidation right before the Gartley Pattern completion.
3) Strong Bearish Candle as the Terminal Bar of the Harmonic Pattern.
However, what's comforting to see is that the Weekly Support Zone(1.3220~1.31402) coincide with the Deep Gartley Pattern completion.
What you can look out for is a Double Bottom with RSI Divergence that can strengthen the bullish movement of this trading setup.
CADJPY - Bearish SharkA Bearish Shark Pattern acts as a counter-trend trading opportunity. As we know that Shark Pattern has up to 3 entry price opportunities, however, this is the only opportunity for you to engage in the trading setup.
A tough pattern to master, but the reward is great.
EurGbp Buy. Strong buy on ARC SUPPORT Hello traders
welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago.
Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel , and expanding channel and a resistance Arc. Now price is approaching the ARC's strong support where it has been a bullish counter trend. I expect strong bullish reactions on at exactly around 0.8267 price mark, And a tight stoploss on this trade @ 0.82330. This is a counter trend trade so I expect price will be aggressive to the up side if it goes as planned. Price is still a few pips away but trade can be placed right about now.
There is also an incomplete big bearish wave which is forming hence why the pair has been very bearish for the last couple of months(as you can see price retested the channel to push downwards in this case) and this pair making lower highs regardless. And that's why TP(0.864) has been set moderate, ofcourse you can hold long if you wish!
This is just my opinion hope it helps. I have been following most of these pairs for over a year so i've not just come up with this analysis!
Use reasonable risk. But this is also a good swing trade as i expect price to be bullish for the next 2/3 days!!
Good luck. Entry 0.8267
Stop Loss. 0.82330
TP: 0.8678
BUY SIGNAL
EurGbp debunked. Strong Buy signal hello traders
welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago. Congrats if you took that trade!
Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel, and expanding channel and a resistance Arc. Now price is approaching the ARC's strong support where it has been a bullish counter trend. I expect strong bullish reactions on around 0.8267 price mark, And a tight stoploss on this trade @ 0.82330. This is a counter trend trade so I expect price will be aggressive to the up side if it goes as planned. Price is still a few moves away from the buy entry(0.8678) but thought i'd share ahead of this move.
There is also an incomplete big bearish wave which is forming hence why the pair has been very bearish for the last couple of months(as you can see price retested the chanel to push downwards in this case) and this pair making lower highs regardless. And that's why TP(0.854) has been set moderate, ofcourse you can hold long if you wish!
This is just my opinion hope it helps. I have been following most of these pairs for over a year so i've not just come up with this analysis.
Goodluck!!
EURUSD - Bearish SharkQuiet Mondy huh... Well, it depends on the kind of trade you are looking at and the kind of timeframe you are trading.
Moments ago, I've engaged probably the last trade for this month. EURUSD, the Bearish Shark Pattern complete at 1.1224 on the Range Bar Chart.
EURUSD - Bullish Bat PatternA Bullish Bat Pattern is spotted on the EURUSD, this is a sideway market movement. At this moment, I'm waiting for a retest at 1.1164 for a buying opportunity.
If you are interested in this trade, you have to be aware that this trade could take from 3days to 2weeks to complete, there is a weekend risk influenced by the War between Russia and Ukraine(although it still has not shown up in the FX Market)
To avoid weekend risk, you can decide to engage the trade after Market Open on Monday(GMT+8)
USDCAD SELL 15sSorry for the late publish. I was busy watching other pairs and it happened rather fast, being on the 15 second chart where I entered off confirmation. But I have reason to believe price is reversing towards the upside. So, this is more of a countertrend trade for a small 1:5 RR. Also, what held me up, was the acknowledgement of the countertrend. So, I waited for price to break below previous LL to take 30% partials and moved my stop to break even... Just incase.
GBPAUD - Head & ShouldersA Head & Shoulders formation on the 8 range bar of GBPAUD. We do see the RSI Divergence from this setup which is Great for traders that decide to take on this counter-trend trading opportunity.
CADJPY - Bullish CrabAlert came in at around 4:35 pm (GMT +8) when I was having my tea break. The big long black bearish candle you see in the chart it's when it happens.
I know that I have until 6 pm to make my trading decision.
To trade or not to trade?
Should I engage in both pairs or should I choose 1?
That's how real trading can be. There's no need for you to guard your computer and wait for action on every tick.
Sadly for USDCAD, the Bearish Shark got activated, and not the Bullish Gartley(check the link within TradingView)
I have made my move on CADJPY. Why this pair and not another or both? Well, It might be too long of a post for that explanation. Allow me to keep it short by sharing only CADJPY.
It has an RSI Divergence, which has been marked by a black arrow within this chart. No doubt a long shadow candle happen that is not showing immediate strength in the bullish setup.
I see that the volume indicator on the side that gave me a 20pips leeway to place in my stop at entry when it happen.
Once I did that, there will be no downside for this trade, and that's great!
Judging the movement of the candle, I could expect a potential Head and Shoulder Bottom that can give me another buying opportunity at around 90.44.
When that happens, it could form above the "area of concern" , what I need to see is the market break and close above the "area of concern" .
It might be a clearer picture for you to decide to engage this trade when I share it(due to the formation of the candle)
Could you imagine that I engaged the trade at 90.13 and not 90.22 at the price you have seen!
It takes experience to read the chart and make the trade. Learn, Practice and get a Coach!
EURUSD - ABCD PatternWe just have to scrap the Bearish Shark Pattern as a trading idea, now we have an updated one.
A bullish ABCD pattern for a counter-trend move. I will have to wait for candle confirmation before engaging in the ABCD pattern. A double bottom with RSI Divergence will be the best setup.
Divergent to Upside So making this short found a Divergent to upside have to monitor but looks like AUD going long COT people bought in heavy this week AUD so well see what happens Monday it is a counter trend trade so be cautious and wait for more confluences
USDJPY - Bearish ButterflyHere we have a Bearish Butterfly Pattern on the 4-hourly chart. On the higher timeframe, we have a Bearish Deep Gartley Pattern at X that is just a few pips away from completion.
I've shorted the USDJPY because of these two combinations. Furthermore, I have an RSI Divergence on the current timeframe.
The second target has a more than 2:1 ratio.
Let's see how this trade roll out.
AUDCAD - Bearish ButterflyA Bearish Butterfly has formed on the AUDCAD chart, if you are an aggressive trader, you may consider engaging it.
Butterfly Pattern is 1 of the most misunderstood level. Many traders are confused about its completion level and have been guessing the stop-loss level.
If you are one of those people, don't trade the Butterfly Pattern until you got the right mentor.
GBPJPY - Bearish BatA Bearish Bat pattern forms in the GBPJPY Range Bar chart which is great news for countertrend traders.
This is so because the GBPJPY it's pretty much on a sideway movement on the higher timeframe. Furthermore, it seems to respect the resistance level on the 1-hourly chart.
CADJPY - Bullish Deep GartleyIf you have followed me, you would have known that I've shorted CADJPY on the Range Bar Chart as a Bearish Bat Pattern path the way.
What I did is to engage, took my conservative target, shift stops to entry and stretch my final target to the Bullish Deep Gartley Pattern.
Before you start thinking out of the box, your fundamental has to be right.
