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Bearishfib3

EURUSD Analysis: Multi-Timeframe Shorting OpportunityHere’s a detailed look at the EURUSD across multiple timeframes: Weekly Chart: - The market is in a sideways consolidation phase. - The upper trendline has been respected, indicating a potential downside movement. Daily Chart: - Watch for a retest of the Fib-3 Bat Pattern, which could offer a prime shorting opportunity. 1-Hourly Chart: - I’m eyeing a retest of the resistance at 1.0863 for a shorting opportunity. What’s your trade plan for EURUSD? Comment down below and share your insights! Happy trading!
Short
by RaynLim
USDJPY Trading Plan: Fib-3 Bat Pattern Retest and Bullish ButterIn our current analysis of USDJPY, two distinct trading opportunities emerge: 1. Fib-3 Bat Pattern Retest: - Timeframe: Weekly Chart - Setup: The Fib-3 Bat Pattern type2 on the weekly chart has already provided a profitable opportunity, and a retest is anticipated. This pattern has previously yielded a substantial 903 pips in 13 weeks. 2. Bullish Butterfly Pattern: - Timeframe: 1-Hourly Chart - Setup: A Bullish Butterfly Pattern on the 1-hourly chart, with an entry point identified at 148.78. These setups reflect a mix of longer-term and shorter-term trading strategies. Share your thoughts and engage in discussions to enhance our collective understanding.
Short
by RaynLim
Multi-Pattern Analysis - A Comprehensive ViewMonths ago, I shared insights into the impending Bearish Fib-3 Bat Pattern on the weekly chart, offering substantial profit potential (over 10,000 USD/lot). Check the detailed analysis within the TradingView post. Presently, my attention is drawn to a potential Head and Shoulders formation, indicating a shorting opportunity of more than 1,000 pips on the weekly chart. However, for those seeking a buying opportunity, observe the Bullish Shark Pattern completing at 143.71. My stance: Bearish in the short-term, Bullish for the long-term. Share your thoughts and trade plans below!
Short
by RaynLim
Long-Term Bullish Bias Amid Short-Term Retracement Signals!Despite prevalent negative sentiments surrounding the Dollar's bearish outlook, I maintain a bullish bias on USDJPY. I perceive the recent bearish move as a retracement within a longer-term bullish trajectory. For those inclined towards catching the retracement, the Bearish Fib-3 Bat Pattern on the 1-hourly chart might provide an entry opportunity for shorting at 143.28. What's your stance or strategy regarding USDJPY? Share your thoughts below!
Short
by RaynLim
Contradictory Patterns & Potential Buy SetupIt seems that the USDJPY is presenting challenges in trading decisions. Despite the presence of a valid bearish fib-3 bat pattern, your interest lies in seeking a buying opportunity, expected to materialize potentially by Tuesday based on further market development. You've also noted the invalidation of a Bullish Gartley Pattern on the 1-hourly chart, cautioning against trading this setup without proper understanding, suggesting seeking guidance if unclear. What trade plan or strategy are you considering for USDJPY? Feel free to share your insights or plans below!
Long
by RaynLim
Exclusive Insights Inside!Last week, I issued a warning: "it's not a good idea to short the USDJPY!" Despite months of anticipation, the bull run on USD is not yet complete. If you're still waiting for a shorting opportunity, keep an eye on the 4-hourly chart for the development of the bearish shark pattern—a potential entry point for this counter-trend trade. Now, let's discuss trade plans and your thoughts on the USD trend. What's your approach to USDJPY, and where do you see the US Dollar heading? Share your insights below!
Short
by RaynLim
2
Aggressive Counter-Trend PlayI've identified a Bat Pattern retest on the NZDJPY, representing a counter-trend trading setup. This trade is categorized as a combo trade due to the presence of a bearish shark pattern retest on the weekly chart. In this instance, I've opted for an aggressive approach , meaning I'm engaging in the trade before waiting for candlestick confirmation. The profit potential for my final target is quite remarkable. A gentle reminder: Never follow any trade blindly and refrain from overtrading, regardless of your confidence in this trade or in me. Wishing you successful trading!
Short
by RaynLim
Potential Bearish Setup on Weekly ChartThe Bearish Fib-3 Bat formation on the Weekly chart certainly catches the eye, particularly with the presence of a long-shadow candle. However, it's important to acknowledge that the trading setup remains unconfirmed. Waiting for confirmation may entail missing out on potential profits, to the tune of 200 pips. Here are some strategic considerations: Option 1: Shorting Opportunity from Lower Timeframes One approach is to anticipate a shorting opportunity on lower timeframes, thus potentially capitalizing on a downside move without waiting for full confirmation. Option 2: Trading Within the Range (1-hourly Chart) Both sellers and buyers find opportunities within the 2 zone. This entails engaging with the Resistance at 150.49 and the Support level at 149.00. The pivotal question arises: What's your trade plan? Your insights matter. Please share your perspective below!
Short
by RaynLim
Cashing in on Potential USDJPY Pullback Profits! The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend. Counter-Trend Strategy: As a counter-trend trader by nature, I'm on the lookout for shorting opportunities. Trade Possibilities: Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback trade. However, I'm mindful of not waiting for excessive confirmation and potentially missing out on a 300-pip profit potential. Daily Chart: Keeping an eye on a potential Bearish Crab Pattern confirmation at 150.43. Intra-Day Traders: Consider waiting for the completion of a Bearish Shark Pattern at 149.96. I'm curious about your trade plan. What are your thoughts? Feel free to comment below.
Short
by RaynLim
Retesting Previous High, Potential Shorting OpportunityWe've identified a potential opportunity for counter-trend traders in the form of a Bearish Fib-3 Bat Pattern completion on the Weekly Chart. This could be a great chance for traders to engage in the trade and make a profit. However, we understand that the initial stop may be too large for some traders to handle. That's why we suggest waiting for the setup to form on the lower time-frame, such as the 1-hourly chart, for a shorting opportunity. You could wait for a retest at 149.44 for a shorting opportunity. The initial Stop-Loss at 149.74 (-30pips) or approx. -300usd/lot. Target1 could be at 148.76 (+68pips) or approx. +680usd/lot. But keep in mind that it's always important to plan your trade and not follow any trader blindly. We encourage you to have a solid plan in place before making any trades.
Short
by RaynLim