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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
EURUSD Trading Plan: Bearish Shark Pattern RetestIn our EURUSD analysis, we are identifying a potential shorting opportunity for counter-trend traders. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Retest Level 1: 1.0852 - Retest Level 2: 1.0874 The Weekly Chart suggests a weaker bull trading setup, and on the 4-hourly chart, a bearish trend is noticeable. The Bearish Shark Pattern on the 1-hourly chart provides a counter-trend trading opportunity. Feel free to share your thoughts on which retest level you find more suitable for a shorting opportunity.
Short
by RaynLim
Navigating Contrasting Trends for Optimal Trading StrategiesThe 4-hourly chart showcases a compelling Bullish 5-0 Pattern retest accompanied by an RSI Divergence. While direct engagement in the trade is an option, I'm personally inclined towards waiting for a Bullish Gartley Pattern retest around 186.39. This approach significantly mitigates risk while still allowing for favorable profit potential—a strategy centered on lower risk for higher returns. What are your thoughts or trade plans on this opportunity? Feel free to share below!
Long
by RaynLim
Potential Bearish Moves Amidst Bullish SignalsNZDJPY presents an intriguing trading setup despite being a counter-trend trade. The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity. I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending to initiate a short position at 91.99 on the Daily Chart. Trade plans can vary among traders based on their analysis and risk management approach. What's your trade plan or strategy for NZDJPY? Feel free to share your insights or plans below!
Short
by RaynLim
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
Navigating Bullish Momentum Amidst Potential Caution SignsIf you caught my last week's analysis, along with the accompanying article on Trading View, you can dive deeper into the details by clicking the link. In my previous analysis, I emphasized the significance of waiting for the Bearish Crab Pattern confirmation on the Daily Chart before considering a shorting opportunity. Now, let's delve into why this is crucial: It enables you to distinguish between astute analysis and a sales-driven approach often seen in the financial world. If you happened to miss the initial shorting opportunity, there are three viable options to consider: Option 1 : A retest on the Bearish Crab Pattern on the daily chart at 150.43, presenting another potential shorting opportunity. Option 2 : A retest on the Bearish Shark Pattern on the 4-hourly chart at 150.45. These levels may appear close, but they entail different timeframes for trading confirmation. Option 3 : You might opt to await a retest of the trendline on the 4-hourly chart before engaging in this counter-trend trade. The critical question now arises: Which of these three options aligns best with your trading strategy, and why? I'm eager to hear your thoughts. Share your insights below!
Short
by RaynLim
Bullish Outlook, Counter-Trend Opp.The overall outlook for USDJPY leans towards a bullish trajectory. However, this week's strategies are tailored for counter-trend traders. For position traders, keep an eye out for a potential Bearish Bat Pattern forming at 149.28. Exercise patience and await confirmation before making a move. Zooming into the 4-hour chart, an ABCD Pattern coupled with an RSI Divergence at 147.77 provides an intriguing setup. If the market doesn't exhibit a significant gap upon opening, this could shape up to be a promising strategy. 🤔 What's your play in this scenario? Share your trade plan in the comments! 🗨️💡
Short
by RaynLim
Bearish Shark Pattern with RSI Divergence🦈📉 Bearish Shark Pattern with RSI Divergence 📉🦈 Finally, the trade I've been patiently waiting for on EURJPY is here! 🚀 This one calls for a shorting opportunity, treating it as a pullback trade, a retracement trade. Now, it's time to keep a close eye on how the market reacts when it reaches our first target at 154.25. 🎯 If the market respects this level and chooses to rebound upwards, we have our answer. But if it bashes through the blue box, then we know there's a higher chance of hitting our second target. Make sure to follow my only account @raynlim for more updates and insights on the financial markets. Let's trade smart and seize the profit opportunity together! 💪💰
Short
by RaynLim
Time to Plan Your Currency Exchange!If you're planning a trip to Australia in the next few months, consider changing some Aussie dollars now. For counter-trend traders, it's a great opportunity to look for a buying opportunity in the AUD. Let's analyze the charts! 📊 The market hit resistance and is now in consolidation, making it a concern for buyers. The daily chart shows an M Formation, with the 0.6600 level as a critical watch. It's likely to be violated before any potential reversal. On the four-hour chart, wait for a buying opportunity with magic candle confirmation. ⏰ On the four-hour chart, a bullish bat pattern has already completed, signaling a potential shorting opportunity. Set alerts and observe the Monday market opening for further confirmation. 📈 The setup is clear and objective, leaving no room for subjectivity. Engage your trade with defined stops and targets in mind. 💡 Trade smarter and save time! Spend just 15 mins a day on market analysis, setting alerts, and enjoying life. DM me to learn how. 💹 Follow my only account @raynlim for insightful analysis and updates. Let's trade with confidence! 📈🇦🇺
Long
by RaynLim
WTI H4, Bullish Shart RetestThe Bullish Shark Pattern has formed on the 4-hourly chart. It is a retest of entry; the setup looks legit, its potential returns tempt me If you are interested in getting involved, the entry price is at EP: $67.67(buffer $2.50) ISL: $66.55($-1.12) TP1: $70.31($2.64)2.35 TP2: $72.15($4.48)4 Do your own analysis, and do not follow blindly. At 9.30pm(SGT), approx 6hours from posting, there's a lot 4 major Central Bank Gov. speaking. BOJ, BOE, ECB President,Fed Chair If the situation permits, that's the time I would like to shift my stops to entry.
TVC:USOILLong
by RaynLim
4
One last SHOT!!If you have been following, you should know I've been getting into the long position on the AUDCAD to take a ride on the Weekly Chart's 5-0 Pattern. If you aren't familiar with harmonic patterns,it means I'm looking to have a ride on the bullish trade from a mid to long-term perspective. (approx 2mths) There are a couple of attempts, and not all went to loss, it fact I'm pretty profitable with these trading ideas when I didn't get what I want. This is probably the last or the last is near for these trading ideas to work. I'd engaged the bullish bat pattern on the 4-hourly chart and see if it able to take me to my final target for the 5-0 patterns and beyond.
Long
by RaynLim