Countertrend
USDJPY - Support and ResistanceAs mentioned a few months back that USDJPY will hit a few bumpers along the way and 1 of it is at 106.01(chart at bottom)
I've engaged in an aggressive short and that is an attribute to candlestick formation, a doji on the resistance level way before the actual movement.
Once the price come in contact with the trendline, I will shift stops to entry and the candlestick close will be my main deciding point if I will intervene and exit the trade.
USDCAD - Bullish BatA Bullish Bat Pattern setup with a warning sign, despite such, I'm going to place a pending buy limit at 1.2631(-41) for the immediate buying opportunity. Stop-Loss will place at 1.2590 and Target1 at 1.2706(+116), Target2 will be kept a secret.
This is our Chinese Lunar Near Year give away. Wishing all having a Huat Huat Year!
*Please do your own analysis and do not follow blindly.
NZDUSD - Bearish BatA bearish bat pattern forms up as a counter-trend trading opportunity. One thing I love about this pattern is that the completion of the pattern is at the previous structure consolidation. The concern I have on the bearish bat pattern is that Point C touches A which denote as a warning sign for the harmonic patterns traders.
EURJPY - Bearish BatLast week I have reminded you guys on a shorting opportunity on this Bat Pattern and I hope that you didn't miss the 90pips bear run which is approximately 900USD/lot traded.
In my Video Analysis, I did speak about buying on the trendline as long as the candle didn't break and close below it, that gives you an 80pips of running profit at this moment that will give you an approximate 800USD/lot traded.
At this moment, I'm watching closely on the red line, as long as it didn't break and close above the red line, I'll head in as a type2 bearish bat setup, I will also watch closely on how the candle react on the trendline.
NZDJPY - Bearish CrabAn RSI Divergence is born after the retest of the previous high give an opportunity for the risk-takers to engage the trade, there are 2 levels that traders need to observe, a break and close below of the red box and a break and close below of the black line for the safe passage towards the promised land(profit level).