This week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD pattern - have emerged, signalling a potential bullish trend. While I hold a bullish bias due to a previous break and close above resistance on the weekly chart, I exercise caution and wait for...
Upon analysis, there are multiple factors that indicate a potential buying opportunity for AUDCAD. Firstly, the bullish 5-0 pattern on the Weekly chart was identified and discussed in my previous report. Secondly, various trading strategies have also pointed towards a buying opportunity. For example, the 4-hourly chart shows a tested support level at 0.8954,...
Looking ahead, the EURJPY is poised to be the most trending pair in the coming week, with a bullish Euro and bearish Yen driving the market. This presents a great opportunity for trend traders, as the pair is expected to rise steadily. Personally, I will be watching for a retest of 149.53 on the 1-hourly chart as an entry point for a trend-continuation trade....
I haven't learned Elliot Wave Counting, but I think Bitcoin's movements are in the third wave. The recent down move is definitely a correction and it will be at least 50% Fibo bearish until the price of 24755 as it should reach the trend line. Even if you check the Ichimoku on a daily basis, you can see that the price has to reach the first Tenkensen, but if 24755...
An Upsize Trade is the name of 1 of my trade management. On the 4-hourly chart(left) is a complete ABCD pattern. I'm waiting for a retest at 158.98 for a buying opportunity. When the retest happens, I'll be stretching my final target to the Bearish Bat and Bearish ABCD Pattern which completes at 168.11. This is a high-risk approach and it could harm your...
If you have missed the Bearish ABCD Pattern, you would have missed 258pips of profits. One of two ways you can do this is to wait for the market retest at 1.7979 and ensure an RSI Divergence with a 3-bar reversal before engaging the trade.
This is just An IDEA . In GBPJPY DAILY Timeframe have ABCD BEARISH Pattern GREEN LINES are Targets for TP. WAIT until close RED candle. HAVE GREAT DAY .
FX:USDCAD Bearish Divergence on FX:USDCAD is observed on 1H timeframe.
EURUSD is on a Bullish Trend in the higher timeframe, so this week, I'm waiting for a Buying Opportunity within the pair. The AB=CD harmonic patterns also align with the 4-hourly chart's support level. With that confidence in place, trading confirmation like the 3-bar reversal is necessary.