After a considerable wait, the bullish bat pattern has finally been completed, indicating a potential buying opportunity for traders. However, conservative traders may want to wait for the candlestick to close at 1.2463 before entering the trade. On the other hand, I took a more aggressive approach and entered the trade today, given the presence of two...
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,...
On closer analysis of the GBPUSD on a higher timeframe, it is evident that the candlestick has closed above the previous high, thereby confirming the bullish trend of the currency. However, one must exercise caution before diving in, as the current market price is currently situated on the weekly chart supply zone, which traditionally indicates a sell zone....
As an experienced trader, I've identified a significant trading opportunity that I'm eager to execute. My strategy involves a buy and hold approach, with a focus on minimizing risk and maximizing rewards. Rather than setting multiple targets, I prefer to extend my targets and remain flexible based on the market conditions and candlestick patterns that...
Are you on the hunt for a buying opportunity on the GBPUSD pair? Well, look no further! The bullish shark pattern may just be the key to unlock your trading success. At the potential buying opportunity completion level of 1.2338, all that's needed is a 3-bar reversal for the final confirmation, making it a prime time to take advantage of this bullish market...
Counter-trend trading can be a lucrative strategy if executed correctly, making it a favorite amongst traders. When done right, it can provide the best profit factor, making it a viable option for those seeking to maximize returns. As for the EURUSD, the weekly chart displays a retest on resistance with an RSI Divergence, signalling a potential shorting...
A Bearish Fib-3 Bat is here giving us a ticket to get involved with the big boys. With a stop loss of only 25pips for this bad boy, it allows me to stretch the target towards the hourly and the daily chart target is just amazing.
Probably a trade that has a 20:1 Reward: Risk trading setup. On the 1-hourly chart, we have a Bullish Gartley Pattern that comes inline with our 4-hourly chart, the Bullish Shark Pattern retest and on the Weekly Chart, the Bullish 5-0 Patterns. If I stretch the final target to the Weekly Chart completion, the returns would be stunning, but this trade could take...
The Bullish Shark Pattern(right) has not reached its final target level. Trend Traders could wait for a buying opportunity off the 4-hourly chart(left), support level at 1.0748. Should the Candlestick Pattern break and close below it, I'll be waiting for Bullish Bat Patterns that completes at 1.0562. And because the Point C of the Bullish Bat Pattern touches...
The Bearish Shark Pattern has been completed on the Daily Chart (right), but it will be crazy to trade off the Shark Pattern on the Daily Chart. A better way is to engage it off the 1-hourly chart(left) using the Bearish Crab Pattern at HOP at retest with an RSI Divergence. Hooooooo! It's a mouthful, but that's what I need to engage the trade. Even if it sounds...
To be successful in trading, you can be a Casanova. This means you need not be loyal to your trade. You can buy GBPUSD during breakfast and sell it by lunch. That will be my trade plan for this week. GBPUSD on the 1-hourly chart(left). I'm waiting to buy on the blue line(1.2202) and short on the right line(1.2277). On the blue line, I'm waiting for the retest...
On the Daily Chart(right), the Bullish Shark Pattern has not completed its final target. The 4-hourly chart(left) allowed us to get involved with the trade at the Key Support Level. A double bottom with an RSI Divergence would be my cue to engage the trade.
A combo trade, a buying opportunity on USDCAD should Point C reaches the highest retracement point on the 1-hourly chart(left). This is a great trading setup because the entry price coincides with the 1-hourly chart(right) Type2 Bullish Bat Pattern at 1.3678.
Bullish Gartley Pattern at X is a trading setup that most Harmonic Patterns Traders won't be taking. I'm waiting for a retest at 0.9050 in waiting for a buying opportunity. The retest will have the Bullish Shark Pattern form up on the first time on the 1-hourly chart. A perfect setup for a Combo Trade Trading Management.
The Bullish Wedge pattern has shown a retest and respected the previous trendline. It is a good sign for traders who are looking for a buying opportunity. Traders who are looking for buying opportunity might need additional confirmation, well, if you look right, the Type2 Bullish Bat Pattern provides you with the information that you need.
A Support and Resistance Trading opportunity presents itself on both 4-hourly and 1-hourly chart. 1.2100 will attract the price action trader to hop in to trade. I will be waiting for a retest at 1.2098(left) on the 1hourly chart for a shorting opportunity.
On the right, the Bullish Shark Pattern has been completed. A retest at 1.0530 would give an opportunity for trend traders to engage in the trade. On the left, the sideway bounce trading setup on the 1-hourly chart gives traders like me to trade it both ways, shorting and buying opportunities. However, my focus will be put on the buying opportunity at 1.0537 to...
This candle closing price would determine whether I will aggressively engage in this trade. I need to see a long shadow candlestick pattern formation by our school definition. Do not that if I decided to engage the trade in the next 3minutes, it means that this trade would be an overnight risk trade.