GBPUSD - Weekly Market Analysis - August 2018, Week 5What a great week right. Last week I've shorted the trade based on bearish crab formation, though it is a bit shy from the sell zone(pink box) I was looking at, it is good enough as the market direction was pointing at the same direction I'm looking to trade. A trade is a trade.
In this coming week, I'm still waiting to short in the pink zone, note that the bear crab still in place as market only completed target 1.
Traders who have yet engaged the trade, I'm looking at the pink zone still, well.. enough of that ;)
I have another way to engage the trade, and that remains well in kept secret for my inner-circle(subscriber).
You can be a part of it too, just PM me.
Cheers..
Weeklymarketanalysis
EURUSD - Weekly Market Analysis - August 2018, Week 5In this week, Weekly Market Analysis you can find that the closing candle fails to break above and close above the pink zone that symbolised shorting opportunity.
This week analysis I'm still looking at a shorting opportunity.
In fact, I've already engaged the trade on Bearish Shark formation that forms up on H1 perfectly.
GBPUSD - Weekly Market Analysis - August 2018, Week 3The market is still on its bearish run on the Daily Chart, but I am more inclined to look out for a counter-trend move for a buying opportunity.
The least I'm looking for is a double bottom with RSI divergence.
Like to have a more consistent update on the outlook like this, just subscribe to our trade ideas and I will see you there real soon.
EURUSD - Weekly Market Analysis - August 2018, Week 3A bearish move on the daily chart has shown that market is more likely to depreciate than to appreciate in coming weeks. I will be waiting for shorting opportunity to continue the trade and realize that it does qualify an equal distant move, heading towards the next level of major support on the weekly chart.