EURUSD-Weekly Market Analysis-Aug19,Wk4A bearish shark trading opportunity on the daily chart(right) as a trend trading setup. If you are not looking at the shark pattern, you can check on the lower timeframe, the 4-hourly chart(left).
The red box sell zone is the same sell zone you are looking at on the daily chart(right), you can definitely look for a retracement into the sell zone or wait for a harmonic patterns setup.
Sellzone
Trade Ideas Educator: NZDUSD SharkA bullish shark pattern that needed more confirmation and thing through that should it be engaged?
Sell Zone is near, if the candlewick touches the tip of the sell zone, I will be more reluctant to engage in this bullish shark setup.
Have you spotted that? If you don't perhaps more practice on charting is good then to jump right in.
GBPUSD-Weekly Market Analysis-Aug19,Wk3A long waited for counter-trend trading opportunity appears as Bullish Shark pattern. So what? I shouted on the chart. ;P Lots of warning sign shows up and halt my decision to set a pending order - Buy Limit for this trade. Now, having the candle break and close below the previous low, officially place this trade to an end.
On the 4-hourly chart(left), a trend trading opportunity setup, I will be waiting for the market to retrace back into the sell zone and most likely to spot a harmonic pattern on the smaller timeframe, 1-hourly chart.
EURUSD-Weekly Market Analysis-Aug19,Wk3On the daily chart(right), the market has retraced to the sell zone for a trend trading opportunity, it's a great opportunity for trend traders to engage for a shorting opportunity.
On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.
However, for both setup, the RSI was not overbought(right) nor oversold(left), further confirmation is required.
EURUSD-Weekly Market Analysis-Aug19,Wk2EURUSD has once again had a multiple timeframes confirmation on the bearish trend. What I love about this setup is that
1) the bearish bat pattern formed up within the sell zone
2) market is bearish, hence I'm in a trend trading opportunity
3) ABCD pattern confirmation near the completion of the Bearish Bat PRZ, if it is within the zone it will be even better.
NZDUSD 1:3 Risk Reward + Short Coming SoonLogicStrategy Fundamentals
24/05 NZD Negative LogicStrategy Flip - This is where the Logikfx scores shift from net positive to a net negative on NZD
28/06 USD Positive LogicStrategy Flip - Logikfx scores shift from net negative to net positive on USD
Insider Information
Hedge Funds Nets Long USD since 2018
24/06 NZD Negative COTA Flip - Hedge Funds positions shifted from a net long bias to a net short bias on NZD
Technical Analysis
21/07 Price Enters Long Term Sell Zone, RSI Daily Divergences.
Waiting for Retrace to Enter.
USDJPY-Weekly Market Analysis-Jul19,Wk43 counter-trend trading opportunity on USDJPY but let's look at the more recent 2, 1 on the 4-hourly chart, a bullish shark at 106.69 and a bullish butterfly at 107.11.
At this moment the candle shows a very nice setup for trend traders, a long shadow within the sell zone.
What will be your trade plan?
Trade Ideas Position: NZDUSD SharkPotential Reversal Zone (PRZ){Red Box} came in important for this trade setup, as the last candle shows a strong candle at this moment.
I will observe if the next candle creates a new high and close above the high of this current candle, if so, trade invalid.
When the next 1-2 candle breaks below and close below the PRZ(red box), I will engage for the short opportunity.
EURGBP - SELL ROAD MAP! EURGBP SELL SET UP -
EG has been on a huge bullish move since May with no sign of slow down.
Now the market is reaching a v ery strong resistance zone that has in the past held up very well and pushed the market down.
Sell zone is 20 pips , so within that zone looking for possibles wicks entering that zone.
Followed by a rejection in that zone. If the candle continues further into that zone. We will be looking for a potential slow down of the candle.
Or the next bearish candle formation to indicate for the sell to begin.
TP 1 - 110 pips
TP 2 - 230 pips
TP 3 - 330 pips
TP 4 - 450 pips.
I don't normally have a TP4 in place. But due to rejection in the past, the market has found support there. To be safe i have placed TP4.
Long term trade - 560 pips
Blue support trend line is daily.
Trade Ideas Educator: NZDUSD SharkA bearish shark setup within the double sell zone gave a great trading opportunity to short this pair. An RSI Divergence has shown, it is possible such setup either gave a great trading opportunity or a potential miss trade as the market may not touch point D.
Let's see how this setup unfold when market opens on Monday.
Trade Ideas Position: NZDUSD SharkTrend Trading Opportunity for this setup, on my live account the closing price of C leg closed below A, hence, pattern valid.
What I love about this trade is that the shorting opportunity came into the double sell zone area and RSI is moving towards overbought, not mentioning there's a strong resistance.
What're your thoughts on this? Comment down below
Trade Ideas Position: CADJPY GartleyBearish Gartley setup within sell zone as a trend trading setup. I will be waiting for a retest to engage the trade. Do note multiple JPY related pairs shows and produce a selling opportunity.
Have a look into your thought process to see if your trading rule forbid you to do so.