GBPUSD-Weekly Market Analysis-Jul20,Wk1A bullish bat pattern came closer than last week, I will be waiting for candlestick pattern confirmation before engage the trade as a counter-trend trading setup. Take note that there is 2 support level that is close and lower than X, being aggressive on this trade is not advisable.
Countertrend
EURUSD-Weekly Market Analysis-Jun20,Wk4A bearish channel a level that trend traders can look for a shorting opportunity at the tip of it and counter-trend traders can look for a buying opportunity at the bottom of it.
Candle confirmation on this trade is important, and this will be an add on to the existing trade I had on the Head and Shoulders(link at the bottom) which I've shorted it based on the Type2 Bearish Gartley that I had add-on to the existing position.
GBPUSD [Pending Short]Short Setup - Swing trade
- Sell Stop (Pending oder)
- Looks like another lower high
- Previous candle show market confusion
- I see a much longer low right shoulder
Setup:
- Entry: 1.26324
- Stop: 1.26668
- TP1: 1.25050
- TP2: 1.23730
I think I can do swing trade while I am busy, but will have much lesser trades. Which maybe even a good thing....
SHORT EUR/AUD.SHORT EUR/AUD, IF*** there is a clear rejection around the 61,80% and 71,60% level of the fibonacci. The market reached the top of a downtrend channel, it also reached a counter trendline, the market seems to be rejecting the 200MA on the daily timeframe and seems to be rejecting a weekly key level above (purple zone). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
NZDJPY - Bearish SharkAfter the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade.
Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
NZDJPY - Bearish SharkAfter the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade.
Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
Trade Ideas Position: EURUSD SharkA bearish shark pattern has formed on the 1-hourly chart, it is not convincing for me to engage the trade reason being of the consolidation area and both oscillators are not congruent, however, the 4-hourly chart looks good as a double-top, I'll need a confirmation candle to engage it.
Now, why is that so?
The overall bias I have on this trade is bullish on both the 1-hourly and 4-hourly chart, other than the chart patterns and filters there is no other clue suggesting a shorting opportunity, however, it is true that all trending movement, there is a retracement and the earnings for the retracement can be good.