Sellzone
GBPUSD-Weekly Market Analysis-Jul19,Wk2While waiting for the Bullish Shark on the Daily Chart(kindly refer to the link on the related ideas), a bullish shark pattern has formed on the 4-hourly chart. As long as no gap occurs on Monday Market Open, I'll engage this trade but also watch closely when the market hit its 1st target.
Trade Ideas Educator: CADJPY ButterflyA Bearish Butterfly set in on the 4-hourly chart(right) but by having that it will break the prefered sell zone. For my plans for selling opportunity will be the classic reversal setup I'm waiting for MC+confirmation within the sell zone.
On the 1-hourly chart seems like a bull flag is likely to form, I will wait for a retest into the buy zone for a buying opportunity, and if you head to the M15 chart you will see a bullish bat setup.
Trade Ideas Educator: GBPJPY GartleyGBPJPY is on a bearish trend. Gartley Pattern happens on both time frame having a 4-hourly chart as a bearish Gartley setup and 1-hourly chart, a bullish Gartley pattern as a counter-trend trade.
How many trading opportunities within this trading analysis?
What's your trade plan on this?
Comment down below.
Trade Ideas Position: EURJPY BatWaiting for a shorting opportunity on this emerging bearish bat pattern. I'm also looking for a potential buying opportunity when the market hit the ideal setup for the trade.
What're your thoughts on this? Comment down below. Do also share do you trade a single strategy and screen it through all the setup or you have a fixed set of currency pairs.
Trade Ideas Position: GBPJPY BatSaw the spikes, on the lower timeframe, 15-mins chart there was a bearish bat who spike upwards, notice how the RSI divergence shows a possibility of a bearish move. Well RSI is not everything nor the holy-grail. The spike had hit the 1st target if it was engaged.
For those who had not engage, don't worry and don't chase, I will wait for confirmation on this bat pattern instead.
XRP/USD, open sell after pullbackPriority: Short
Reasons for open position:
- Sell zone is 0.453-0.461
- Locally trend has changed to short when price break down level 0.435
Stop above 0.461
Take profit 1/2 (0.4375) and higher, depends on your greed
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Trade Ideas Educator: Bat DivergenceThis 2 trade got caught by the market. AUDUSD got back to the entry price, but still within the sell zone and with RSI Div. I will still hold onto this trade till it either hit targets or my stop.
NZDUSD, on the other hand is much more tricky. No doubt that is an RSI Divergence as well but the candle break and close above the sell zone forming new high. I will also stick to my plans but what're your thoughts.
Love to hear from you what will you do if you had already engaged a short trade on Point D completion.