This week, while many counter-trend traders might be eyeing a short on NZDUSD due to a potential setup on the 4-hourly chart, I'm taking a different approach. Why I'm Bullish: 1. The market retested the previous resistance without creating an RSI Divergence, which raises concerns for a strong bearish move. 2. I'm looking for a buying opportunity at...
1. Bullish Bias: - I have a more bullish outlook on GBPJPY compared to GBPUSD. - Clear violation of the Daily Chart on both GBPUSD and GBPJPY. 2. Trading Setup: - A Type2 Bullish Gartley Pattern on GBPJPY is the key trading setup. - Aiming to go long on GBPJPY. Share your insights and trade plans for the week. What's catching your eye? Let's discuss and...
USDJPY has caught my attention with the potential for a shorting opportunity. Here's the breakdown: 1. Previous Bearish Run: - A notable 850 pips (~8,500 USD/lot) on a previous USDJPY Fib3 Bat Pattern run. 2. Current Outlook: - Considering a bearish stance on USDJPY. - Awaiting a market retest on the 1-hourly chart at 147.74. Share your thoughts and...
GBPUSD is on my radar, and here's my outlook: 1. Bullish Bias: - I have a bullish outlook on GBPUSD. - The Friday close indicates a potential bullish movement. 2. Buying Opportunity at 1.2819: - I'll be patiently waiting for the market to retest 1.2819. - Preferably, a double bottom formation with RSI Divergence would be ideal for a buying...
EURUSD is catching my attention, and here's my perspective: 1. Bearish Shark Pattern on Daily Chart: - For traders seeking shorting opportunities, there's a Bearish Shark Pattern on the Daily chart. - The completion of this pattern might indicate a potential bearish move. 2. Buying Opportunity at 1.0879: - Personally, I'm eyeing a buying opportunity on...
In this NFP Week, Let's go through some of the money making opportunities
I'm closely monitoring AUDCAD, and here's why: 1. Bullish Flag Channel Breakout on 4-hourly chart: - AUDCAD has recently broken out of a Bullish Flag Channel on the 4-hourly chart. - This breakout suggests a potential bullish move in the market. 2. 5-0 Pattern on 1-hourly chart at 0.8829: - Waiting for a retracement, I'm eyeing the completion of a 5-0 Pattern...
Today, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern: 1. Weekly Chart RSI Divergence: - Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend. - This divergence might serve as a precursor to a reversal or retracement. 2. 1-hourly...
If you're navigating conflicting biases, here are two potential setups: 1. Bullish 5-0 Pattern at 149.96: Long Opportunity - Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96. - This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move. 2. Type2 Bearish Shark Pattern at 150.67:...
Today, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy: 1. 1-Hourly Chart: Shark Patterns at 1.2676 - Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart. - Look for a trading combo within the chart when the market retests the Trendline Break (red line). -...
I'm pleased to share an update on the EURUSD Type2 Bullish Shark Pattern trade. If you've been following my TradingView post, you might have already profited from the first target, and now we're looking at a potential second target. Here's the current strategy: - First Target : Already Profited - Second Target: Awaiting Fulfillment In the event of a...
Spotted a type2 Bullish Shark Pattern. Type2 pattern ideally could reduce the Initial Stop-Loss. Which could improve the profit factor.
The global economic landscape teeters on the edge of uncertainty as the aftermath of the Covid-19 pandemic unfolds. With the printing of a staggering 13 trillion USD, concerns about hyperinflation loom large, marking a critical juncture in the world eco
I'm excited to share a trading setup on GBPAUD utilising the Sideway Bounce strategy. Here are the details: - Setup: Sideway Bounce Trading - Short Entry: 1.9324 - Long Entry: 1.9230 The Sideway Bounce strategy is a technique I've tested and traded since 2005, and I find it a comfortable and reliable approach. In this scenario, I'm considering a short position...
I'm closely monitoring GBPJPY for a potential buying opportunity based on the Bullish Shark Pattern. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 189.06 Given the recent decline in the JPY and the resulting upward movement in JPY pairs, I'm anticipating a bullish scenario on GBPJPY. The completion of the Bullish Shark Pattern at...
I'm maintaining my bullish outlook on USDJPY and currently eyeing a potential buying opportunity. Here are the details: - Setup: Bullish Shark Pattern - Completion Level: 150.09 It's crucial to note the presence of the Type2 Bearish Fib-3 Bat on USDJPY's Weekly Chart. While it signals caution, my focus is on the bullish scenario with the completion of the...
For those looking for a trading opportunity on GBPUSD, here's a potential setup: - Setup: Bearish Deep Gartley Pattern - Completion Level: 1.2726 The GBPUSD weekly chart has shown a bearish trend. The Bearish Deep Gartley Pattern completion at 1.2726 presents an opportunity for traders interested in shorting GBPUSD. Please share your thoughts on whether you are...