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US Dollar Still Bullish📊 Weekly Chart: Bearish bat pattern suggests shorting at 149.33. 📈 Daily Chart: Bullish movement, no shorting opportunity. 📉 Four Hour Chart: ABCD pattern at 147.76, potential shorting level. 🕐 One Hour Chart: Bullish bat pattern with running profits. 🌟 Weekly Chart Insight: - Bearish bat pattern for potential shorting. - Waiting for confirmation at higher levels. 📊 Daily Chart: - Bearish crab pattern at 150.41. - Focus on 144.79 for buying opportunity. 💡 Trading Opportunities: - Potential short at 149.33. - Buy on retest of 144.79. 📉 Four Hour Chart: - Shorting opportunity at 147.76. - Consider retest at 144.62 for shorting. 🦇 One Hour Chart: - Running profits from bullish bat pattern. - Wait for the violation of 146.29 for resistance confirmation.
Long
by RaynLim
Market Stands Firm on Support!📊 Weekly Chart: Long shadow at support, prior resistance. 📈 Daily Chart: ABCD pattern, respecting support. 🕓 Four Hour Chart: Counter-trend trade possibility. ⏳ One Hour Chart: Bullish bat pattern, wait for confirmation. 🌟 Weekly Chart Insight: - Market stands still in buy zone. - Different from Eurodollar. 📊 Daily Chart: - ABCD pattern, support respected. - Previous trade resulted in 219 pips gain. 💡 Trading Opportunities: - Confirmation of support for a buy. - Counter-trend trade in the sell zone. 🦇 One Hour Chart: - Bullish bat pattern. - Wait for consolidation or double bottom. - Use RSI Divergence for confirmation.
Long
by RaynLim
Bearish Signs Emerging!📊 Weekly Chart: Overall bullish, but watch current candle. 📈 Daily Chart: Bearish movement, key level 1.0766. 🕓 Four Hour Chart: Sensitive period, focus on 1.0766. ⏳ One Hour Chart: Multi-timeframe analysis. 🔍 Higher Timeframes: Confirm breaks below key levels. 🚀 Aggressive Short Opportunity: Wait for trend line retest. Look for break below 1.0705 or 1.0651. 📉 Weekly Chart Analysis: Trend line broken. Set alerts for retest. Consider aggressive shorting. 📊 Daily Chart: Wait for retest for aggressive short. Potential 130 pips opportunity. 🦈 Four Hour Chart: Shark pattern may be invalid. Customize chart for accuracy. 📈 One Hour Chart: AB=CD movement. Wait for 3-bar reversal for buying. Double bottom with RSI divergence.
by RaynLim
Long-Haul Profits vs In-and-Out Action!Are you the kind of trader who savors holding on for massive profits or one who dives into every market movement? 🚀 Let's explore this week's expert-level market analysis, where we have both these trading setups on display. Today, let's delve into the low-risk, high-return approach. Turning our focus to the Australia-Canada pair, the weekly chart presents a compelling opportunity. Market proximity to the prior support zone ignites the interest of counter-trend traders like me, on the hunt for a buying chance. On the daily chart, the bearish trend nudges us toward a low-risk, high-potential return strategy. Zooming in to the four-hour chart, the bearish trend remains. However, the one-hour chart buckles the trend with a bullish flair. Remember, higher timeframes may suggest bearishness, but it's crucial for the one-hour chart to echo this sentiment for a more accurate read. 🔍📊 Returning to the weekly chart, let's uncover the trade opportunity I'm eyeing. Behold the bullish shark pattern in the midst of consolidation – a tempting mid to long-term prospect. This trade usually lingers for a minimum of two months, so if you're not up for the long-haul, perhaps it's not your match. Options to engage abound. On the daily chart, a beckoning ABCD pattern, ripe for the picking with a retest at 86.60. Shifting to the four-hour chart, a straightforward support at 87.07 shines. Meanwhile, the one-hour chart offers up a bullish shark at 86.34 or an immediate support at 86.95 for consideration. Yet my focus remains on the 15-minute chart, where a bullish shark nears completion at 87.01. What makes this the "only shark pattern" for this setup? Understanding your tools is crucial. Embracing the 15-minute chart strategy minimizes risk while amplifying the potential for this entire setup. Next week is critical – especially on Monday. And if you've heard the advice to "skip Monday trading," consider this your golden exception! Seize the moment! 💰💡
Long
by RaynLim
Trading Opp. Amid Sideways WavesTrading can be exhilarating when setups let you seize chances without wrestling with the broader trend. 🚀 Let's talk New Zealand Yen – a treasure trove of potential this week, regardless of the overarching movement. Gaze upon the weekly chart, and you'll spot the bearish shark pattern, already in motion since 88.24. Kudos if you've joined the ride! I'd ride it to the first target at 84.36, where the 5-0 pattern gifts a buying prospect. Our watchword: Will the market cradle within the blue box? Turning to the daily chart, a bullish bat pattern wraps up at 84.25. And if you had the insight to short on the bearish crab pattern, cheers! Your pockets are now heavier by 212 pips, a cool 2,120 USD. Strolling through the four-hour chart, a gartley pattern is ripe for the picking at 85.56 – a splendid buying occasion. If your sights are set on shorting, that 86.73 resistance line beckons. Zoom into the one-hour chart, and another gartley at 85.92 awaits, accompanied by a bearish shark at 86.82. 🦈📊 But wait, there's more – the 15-minute chart boasts a deep gartley at 86.20. So many opportunities, all within a single currency! A sign that sideways markets birth harmonic patterns, right? But remember, clarity in strategy is key. Decide if you're hitting that first target and running, or holding on for the second despite opposing patterns. And here's the golden rule: either chart your trade in advance or find a mentor deeply immersed in the trading fray.
Long
by RaynLim
Unraveling Dollar Yen's Trading MazeHey there, traders! 🌟 Let's delve into the tricky landscape of dollar yen – a setup that demands our attention. The overarching trend suggests a bullish journey, but buckle up, because there are twists ahead. 📈 News flashes about the potential Bank of Japan (BOJ) intervention and the recent wastewater stir have stirred the pot. 🌊⚖️ For the conservative trader, a week of observation might be prudent. But for those risk-savvy, why not seize the day? When big news lurks, colossal movement follows, and with the right risk management, why not chase those opportunities? 💼💰 Gazing at the weekly chart, we spot a retest at the previous high – a pivotal zone for the week. The tantalizing prospect of a break and close above this high tantalizes for a continued rally. But guess what? Immediate resistance lurks nearby. 🛑📊 In the grand scheme, to sustain a bullish trajectory, the magic number is 152.02 on the weekly chart. 🚀 Shifting to daily charts, the high gets retested with a sly RSI divergence – a whisper of counter trend play, perhaps? Now, for the four-hour setup, a familiar pattern – retest, RSI divergence – all hinting at an intriguing possibility. And guess what? The one-hour chart mirrors this with its own RSI divergence dance. 🎭📉 For the curious minds eager to learn trading nuances. Now, let's revisit our trusty weekly chart and unfurl our analysis on Dollar Yen. A bearish bat pattern beckons a shorting venture at 149.40. Daily chart enthusiasts, the confirmation for crab pattern enthusiasts swings by at 150.45. Are you eyeing a buy? Retest the immediate support at 144.65 for a potential entrance. Zooming into the four-hour chart, ABCD pattern aficionados can keep an eye on 147.79 for counter trading maneuvers. Buying prospects? 144.62 or 144.02 could be your calling. Remember, when the market respects these levels and avoids sinking further, it signals the support's sturdy stance. 🏗️ And oh, the sweet RSI divergence on the one-hour chart – a touch of icing on our trading cake. Once 146.55 gets a respectful tap, I'll be diving into an aggressive counter trade. 🚀
Short
by RaynLim
6
Pound-Dollar: Bearish SentimentsHey traders! 🌟 Despite the ongoing bullish trend in the pound-dollar realm, I'm sensing a change in the wind, and here's why I'm turning my attention towards a bearish shorting opportunity. Let's break it down. On the weekly chart, the bullish vibes are strong within our buy zone. But wait, when we shift to the daily chart, we spot a sneaky closing below that initial support at 1.2592. 📉 While it's not a full-on bearish alarm, it's giving us room to explore an aggressive short approach. Zooming into the four-hour and one-hour charts, it's clear that a bearish trend is asserting itself. 🐻 Now, back to our trusty weekly chart analysis. As I mentioned, we're still in that buy zone, but I've got my eye on that slight break and close below the support. The trend line isn't looking too happy. 😟 For a potential shorting play, I'm keeping an eagle eye on a pullback to that level. Speaking of daily charts, a bearish shark pattern might just become my ally for a shorting endeavor. 🦈 And for those of you eyeing buying opportunities, 1.2407 could be your spotlight, where the market's response could tell us tales. Hopping over to the four-hour chart, an immediate resistance level at 1.2656 might just be our cue for an aggressive shorting move. And in the land of the one-hour chart, if buying's your jam, there are two paths – the retest of support at 1.2553 or a dance with the ABCD pattern at 1.2542. Isn't it fascinating how one market can offer different opportunities, based on your angle of approach? Whether you're up for trend trading or counter-trend adventures, the choice is yours.
Long
by RaynLim
Bulls and Bears in the SpotEver wondered about the intricate tango between bulls and bears in the trading world? 🕺💃 Let's take a peek at the Euro-dollar's current moves on the weekly chart. While the bullish trend has held its ground, recent weeks have seen the bears making their mark. But, there's a key level – 1.0637 – that holds the secret to shifting the scene. A break below this level could paint a different picture, turning a stronger bull into a weaker one. Zooming into the daily chart, it's clear that the market is in a delicate balance. A breach below 1.0637 could mark the transition from bullish to bearish. But it's not just black and white – both the four-hour and one-hour charts show their own stories of bearish movement. 📉📊 In this thrilling scenario, we have two trader groups with differing opinions. This is where the magic happens. Both buyers and sellers can potentially rake in profits, timing their entries and exits just right. Aggressive traders might pounce on a shorting opportunity with higher timeframe confirmation, while the conservative ones seek more clues before engaging. Ready to dive into this intriguing trading universe? Now, let's return to our weekly chart adventure. The trend line might have been crossed, but the true test lies in 1.0637. For those braving the bearish waters, a retest at the trend line could be your golden ticket. 🎫🐻 But hey, you can always set your trend line alerts, adapting to your strategy. If buying is your game, keep an eye on 1.0737 for a possible retest opportunity. On the four-hour chart, our aggressive traders spot a chance in the retest of the trend line. Stay within those lines, and the shorting opportunity might be just around the corner. And for the one-hour chart enthusiasts, the red and blue lines reveal a potential 40 pips journey. Got more to discuss? Want to crack the code of profitable trading in just 15 minutes a day? 🕰️
by RaynLim
The Rollercoaster Ride of Pound AustraliaAs we approach the final week of August, brace yourself for potentially one of the most volatile periods this month. The market is signaling its intentions as I navigate my way through twelve pairs, making the selection process a challenge. Nonetheless, let's dive into the Pound Australia, and I'll even introduce two additional currency pairs for your benefit. 📊💹 Pound Australia reveals an intriguing story on the weekly chart. With new highs being set, the prospect of Pound Australia hitting 2.0000 as a significant milestone isn't far-fetched. The candle's accelerating gradient signifies a robust market movement. 🚀 The daily, four-hour, and one-hour charts echo this bullish trend with broken resistances and new highs. Despite this, you might wonder about the trading opportunity. In fact, immense profit potential lies in the development of these trades. For those acquainted with trading, conduct your own analysis on Pound Australia using UTC+3 as your timeframe to align with my insights. And if you seek clarification or wish to share your analysis, the QR code will connect you to our community of like-minded traders. 💬🌐 Returning to the weekly chart, let's unveil why Pound Australia holds importance this week. For those eyeing a shorting opportunity, the completion of the bearish crab pattern at 2.1276 is on the horizon. Although reaching this level, let alone 2.0997, may take some time, the potential is undeniable. Stretching my trade upward could yield significant rewards, with a projected 1,419 pips. However, it's not just about the pips – there's a compelling rationale behind this trade. 📊📉 On the daily chart, buying opportunities beckon when a market retracement occurs and retraces back to 1.9330. Patience is key in engaging these trades. The four-hour chart presents less at the moment unless a trendline retest triggers a definitive level, possibly in the weeks to come rather than the immediate future. 📈📉 Now, onto the exciting prospect – the one-hour chart. This week, a bullish flag pattern will unfold, offering immediate trading opportunities. Engaging this pattern involves meticulous strategy, be it through an aggressive setup with stops below 1.9808 (utilizing my secret formula), waiting for a breakout and subsequent retest, or a blend of both. While seemingly simple, the bullish flag pattern demands a well-thought-out approach to ensure your trade's success. 📊📈 In the realm of the 15-minute chart, where volatility rules, the Pound Australia might be considered insane to some. However, driven by the substantial potential rewards, I'm willing to navigate this territory. A red eclipse serves as a warning signal for the setup, but immediate buying opportunities at 1.9841 might emerge, especially on a Monday. Keep your eyes peeled for a magic candle confirmation at this level to secure a promising trade. This could be an incredible setup before wrapping up the year. 📈💰
Long
by RaynLim
A Dive into the Australian DollarTrading strategies offer a captivating avenue, providing opportunities to engage trades with less overthinking. In the case of the Australian dollar, however, it has displayed weakness, manifesting a bearish trajectory. Let's explore this together. On the weekly chart, an important point arises – the violation of the previous low. While not a critical support level, it warrants attention. Shifting to the daily chart, a significant support breach is evident, potentially inviting bearish traders seeking shorting prospects in the upcoming week. 📊📉 Zooming into the four-hour chart, the market witnesses a robust bearish movement that transitions into consolidation. This consolidation beckons Counter-Trend Traders to consider buying within this region, while Trend Traders eye selling opportunities around 0.6441. The one-hour chart unveils a similar consolidation, often breeding patterns that attract a flurry of traders. This is a pair that should not be underestimated or overlooked. 📈🔄 Revisiting the weekly chart, trading strategies come into play. The bullish gartley pattern at "X" carries a warning – its slight dip below the pattern merits careful interpretation, contingent on your candle reading skills and trading rules. This approach has worked seamlessly within my trading setup, tailored to specific currency pairs and timeframes. Shifting to the daily chart, sideway movement and increased volatility have persisted for months, casting caution for those seeking buying opportunities on previous support levels. The awareness to discern this pattern could have spared traders potential losses. 📉📈 An intriguing setup emerges – a crab pattern at 0.6193. A counter-trend buying opportunity beckons, although emphasis on magic candle confirmation at the PRZ remains paramount. Progressing to the four-hour chart, my focus is elsewhere. While trendlines and resistance at 0.6439 suggest shorting prospects, they do not capture my attention. 📈📉 The one-hour chart, however, holds promise. A deep gartley pattern setup at 0.6470 signals a shorting opportunity. Upon achieving and surpassing my first target, I may choose to maintain the trade, securing profits. If you're drawn to the allure of dedicating just 15 minutes a day for enhanced income, even to potentially replace your current job, don't hesitate to drop me a message. Let's explore this avenue together. 📈💰
Short
by RaynLim
A Twist in the Bullish Trend?Despite the prevailing bullish movement on Dollar Yen, a shift in strategy beckons this week. Embark on this journey with me. On the weekly chart, a slight break and closure above the prior high is evident. The magnitude of this "bit" rests upon your filters – will the subtle breach be overlooked? An RSI divergence, however, raises concern. This divergence surfaces as the market forms a matching or higher high, prompting my consideration for a shorting prospect. ⚖️📊 Transitioning to the daily chart, the market once again surges beyond the previous high. While it fails to breach the previous RSI level, the prolonged nature of this movement merits contemplation. Could these statistics indicate a formidable resistance? Food for thought. 🗞️🤔 The four-hour chart illustrates the market's ascent, setting the stage for a potential shorting opportunity upon a retest at 146.40. Zooming in further to the one-hour chart, a structural standpoint reveals potential trading setups. Amidst this, the buzz about the Bank of Japan's potential market intervention simmers. As a prudent trader, I advise cautiousness, keenly observing the hard facts and policy shifts that could impact the Japanese Yen's trajectory and consequently, Dollar Yen. 🏦🌐 For enthusiasts interested in mastering the art of news-driven trading, scan the QR code to enter our community chat. Verification unlocks access to our filtered news, arming you with valuable insights. 💼🌍 Returning to the weekly chart, trading strategies come into play. A bearish bat pattern at 149.29 piques my interest, a setup I've been highlighting for weeks. The daily chart offers parallel setups, including the aforementioned bearish bat pattern and a bearish crab pattern that could emerge around 150.44. The latter's fate rests upon the strength of the Bank of Japan's intervention and policies. 🦀📈 Within the four-hour chart lies a counter-trend opportunity at 147.76, rooted in the ABCD pattern setup. For trend-oriented traders, a potential buying entry hovers at 144.02 upon retest, drawing support from established levels. However, my focal point remains the one-hour chart, spotlighting a potential shorting opportunity through the shark pattern. Should the market reach 146.30, I envision an enticing entry. As the specter of Bank of Japan intervention looms, my exit strategy might involve one week post-intervention for potential profits, grounded in years of market observation and trading experience. ⏰📈
Short
by RaynLim
Strong Bullish WaveEyes on the pound dollar chart reveal a resolute bullish trend. If contemplating a shorting opportunity, meticulous strategy testing and conservative stop-loss management are paramount. 🛑💼 Turning to the weekly chart, a pullback effortlessly rests on prior resistance, indicating the enduring strength of the overarching bullish trend. Daily chart support stands steadfast, with potential traders wary of a head and shoulder formation at 1.2831. However, personal experience dismisses this due to the prevailing robust momentum and familiarity with the pattern after 18 years of trading. 📊 Glancing at the four-hour chart, a consolidative phase presents several trading prospects, soon to be unveiled. On the hourly chart, further confirmation emerges within the consolidation phase, unveiling ample trading opportunities. 🕒 Returning to the weekly chart, analysis and strategies take center stage. Within the buy zone, prospects for buying opportunities flourish. Daily chart showcases a bullish gartley pattern on retest, inviting trading action. The four-hour chart displays a gartley pattern with a retest setup, accompanied by a prolonged consolidation period spanning 68 bars. This scenario prompts a choice between swift engagement or risk-reward patience. ⏳💰 For those aiming for counter-trend maneuvers, a shorting chance beckons at 1.2955 via a bearish shark pattern. Alternatively, a bullish bat pattern on the hourly chart, yet to solidify, offers a preferable entry at 1.2636. Trading transcends mere trend analysis, requiring timeframes, filters, and entry conditions for success. The ultimate goal is profit without undue trade extension.
Long
by RaynLim
Riding the Bullish WaveAmidst the whirlwind of events, the Euro-Dollar chart stands strong with a bullish trajectory. 📈 The weekly chart showcases a series of resolute highs, fortified by untested supports, painting an appealing canvas for potential buying opportunities. 🎨 Zooming into the daily chart, a pivotal support at 1.0834 shelters the bullish sentiment. A breach here could cast shadows on the prevailing optimism. However, the four-hour and one-hour charts echo a touch of bearish undertones, contrasting with the larger bullish narrative. 📉🕒 Within this landscape, the spotlight is on a possible buying chance, defying the bearish signals of the lower timeframes. Back on the weekly chart, attention focuses on 1.1232 as a battlefield for counter-trend short positions. Conversely, trend traders set their sights on 1.0698, a fortress for ultimate pullback aspirations. On the daily chart, anchored on support, a magic candle confirmation beckons before diving into trades. 🛡️🕯️ Shifting gears to the four-hour chart, a bullish bat pattern is poised, brimming with confirmation yet diving deeper. Patient traders await a trend line breach and RSI divergence as signs for opportune action. 🦇📊 The one-hour chart reveals a potential shorting scenario through a bearish shark pattern. The saga unfolds from point C, advocating patience for the sell zone breach, a signal for bearish entry. 🦈
Long
by RaynLim
A Ticket to Ride: A Pathway to ProfitEmbarking on this trade has the potential to unlock substantial gains. The allure of this trading setup lies in its composition: a Bullish Gartley Pattern harmonizing with RSI Divergence. This synergy is reinforced by the prevailing weakness of the JPY. This confluence presents a promising opening, notably amplified by the market's respect for the support level. Concerns about the Potential Reversal Zone (PRZ) being breached can be allayed. The candle that appeared to challenge it, in fact, constructs a Pattern Excursion Zone (PEZ). In simpler terms, think of it as a "Covered Support." As the name implies, this indicates that support remains intact – in this case, the PRZ remains unviolated. In this endeavor, strategic planning is paramount: Plan Your Trade & Trade Your Plan. 📈📊 #TradingOpportunity 📉 #ProfitPotential 📈 #StrategicPlanning 📋 #MarketInsights 🌐
Long
by RaynLim
1
Immediate Trading Opportunities AwaitDon't let Monday's reputation of slower market movement deceive you! This week, four immediate trading ideas present themselves right at the market's open. Many traders might overlook these due to the common notion that Monday trading is sluggish. Avoid this pitfall by conducting your analysis over the weekend. Stay ahead of the game and seize these trading prospects. Canadian Dollar vs. Japanese Yen Turning to the Canada Yen pair, the weekly chart shows a retest of the previous high, indicating a predominantly bullish movement. The daily chart solidifies this bullish trend. Counter-trend traders can explore pullback opportunities to secure good earnings. The four-hour and one-hour charts mirror this setup, offering counter-trend traders a chance to benefit. 🔍 Weekly Chart Insights 🔍 For the Canada Yen pair, a bearish Shark pattern retest presents an opportunity. Counter-trend traders can consider shorting at 108.75, potentially accompanied by RSI divergence. On the daily chart, a shorting opportunity is plausible with a retest at 109.12. 📊 Immediate Focus: Four-Hour Chart 📊 A bearish Bat pattern, already completed, captures my attention on the four-hour chart. This can potentially be shorted right at the market's open, or a bit of patience can be exercised to await an ideal confirmation. An entry point of 107.87 seems fitting if the trade conditions align. Conversely, a buying opportunity might arise with a bullish Bat pattern at 104.67. 🕒 Action-Oriented Monday 🕒 On Monday, my attention will primarily be on the four-hour chart for this trade setup.
Short
by RaynLim
Immediate Trading OpportunitiesAustralian Dollar Starting with the weekly chart, consolidation is evident. On the daily chart, a retest of the previous support within the consolidation. A four-hour chart shows an RSI divergence—a gem for counter-trend traders. The one-hour chart mirrors this setup. Reading trend movements with precise filters is pivotal to distinguishing buying from selling opportunities. 🔍 Weekly Chart Insights 🔍 A Gartley pattern is brewing at 61.67 on the weekly chart—a potential buying level. Transitioning to the daily chart, a retest of the Gartley pattern hints at earning extra income. The RSI divergence adds confidence. Conservative traders should wait for candlestick confirmation before proceeding. 📊 Four Hour Chart Dynamics 📊 An ABCD pattern on the four-hour chart presents a trading opportunity. Prudence calls for awaiting additional confirmation. 🕒 Timing the Trades 🕒 My focus leans towards the four-hour chart. I aim to engage around 9:00 AM Singapore time when candlestick formations provide supplementary confirmation.
Long
by RaynLim
4
Chart vs. HeadlinesLet's debunk some headlines like "The Dollar is Bearish!" and dig into the real chart dynamics. On the weekly chart, a bullish trend is evident, despite a retracement that might seem bearish. Always consider the bigger picture. The recent retracement is a mere blip compared to the overall uptrend. 🔍 Key Levels to Watch 🔍 Zoom out and observe the retest happening on the previous high. Keep a close eye on whether the market breaches 145.24. The next crucial level to watch is 152.02. Chart analysis trumps online articles. Don't just read, define your levels strategically. 💡 Daily Chart Insights 💡 Approaching the previous high on the daily chart, counter-trend traders might eye shorting opportunities. However, wait for candlestick confirmation before executing. Personally, I see a breakout trading opportunity, not an aggressive short. 📊 Four Hour Chart Dynamics 📊 New highs surpassing previous structures on the four-hour chart indicate the bullish trend persists. This trend isn't over. One hour chart mirrors this pattern—a break of prior resistance. 📚 Mastering Market Analysis 📚 If you're passionate about analyzing markets like I am, employing clear rules for buying and selling levels is vital. No guessing games. Scan the QR code for our community channel. Engage with like-minded individuals and refine your skills. 💼 Crafting Trading Strategies 💼 Returning to the weekly chart, counter-traders might spot a shorting setup at 149.28 for a Fib-3 Bat setup. On the daily chart, a crab pattern at 150.39 forms, with a Bat pattern completion at 149.16. ⚙️ Shorting Opportunities ⚙️ For those inclined towards shorting, the ABCD pattern on the four-hour chart sets a stage at 147.80. My focus? Buying opportunities. A pullback to 144.02 holds potential for a buying window. 🔎 Immediate Insights 🔎 On the one-hour chart, a closer level of interest stands at 144.46—a promising buying opportunity within the buy zone.
Long
by RaynLim
Riding the Bullish Tide on Pound-Dollar Hello traders! Let's delve into the Pound-Dollar landscape and identify potential buying opportunities. 🇬🇧💱 📊 Weekly Chart Insights 📊 The bullish trend on Pound-Dollar persists, presenting a potential buying chance this week. On the weekly chart, the market retraced to the previous support level, respecting it at 1.2632. This could be a zone to watch for potential buying. 💡 Daily Chart Observations 💡 While the daily chart may seem like a potential head and shoulders setup, I personally refrain from this trade as it doesn't align with my filters and rules. Nonetheless, consider a buying option around 1.2608 if you're inclined. 🔄 Navigating Consolidation 🔄 A closer look at the four-hour chart reveals consolidation. This scenario can be advantageous for traders on lower timeframes like 1-hour and 15-minute, who can seek counter-trend opportunities or harmonic patterns within this zone. 📊 Charting Strategies 📊 Returning to the weekly chart, remember the key buying zone lies between 1.2595 and 1.2632. Respect for the 1.2595 level is pivotal. On the daily chart, a Gartley pattern surfaces, but I lean cautious due to an elongated shadow. ⚙️ Refining Entries ⚙️ For those seeking confirmation, explore the four-hour chart's retest for an improved entry and tighter stop loss. Conversely, a bearish Gartley pattern at 1.2838 could entice shorters. 🔍 The One-Hour Chart 🔍 Keep an eye on 1.2735 on the one-hour chart—a countertrend opportunity in line with higher timeframe trends. Approaching the sell zone, an opportunity might emerge.
Long
by RaynLim
📈 Navigating Euro-Dollar Trends: Trading Insights 📉Greetings, fellow traders! Let's delve into the Euro-Dollar trends and identify some potential trading opportunities. 🌍💱 📊 Weekly Chart Insights 📊 The bullish trend continues with a notable pullback, keeping our attention on the upswing. The market's pullback has tactfully avoided breaking crucial support at 1.0637. Transitioning to the daily chart, we find ourselves back in the buy zone. 🔍 Spotting Entry Points 🔍 For those eyeing a buying opportunity, a bit of patience might be wise as we await further confirmation before engaging the trade. The four-hour chart showcases an enticing support level at 1.0921, primed for a potential buying entry. Similarly, the one-hour chart hints at a possible pullback setup. 🔎 Charting Trading Prospects 🔎 Weekly Chart: Trend traders might consider a shorting possibility on a retest at 1.1232. Daily Chart: Watch for confirmation at 1.0913 for a buying opportunity. Four-Hour Chart: A bearish bat pattern completion at 1.1134 could intrigue shorting enthusiasts. For buyers, a bullish bat setup may require a magic candle confirmation at 1.0883. One-Hour Chart: An AB=CD movement completion at 1.0914 offers a potential entry point. 📅 Seizing Opportunities 📅 This week presents an array of trading prospects. The key is clarity in your trading intentions. Are you pursuing a trend trade, a counter-trend pullback, or simply capitalizing on setups as they arise? Planning using the A.P.E framework—Analyze, Plan, Execute—can be your compass to success. 🚀 Ready for Trading Success? 🚀 For those keen on utilizing the 15-minute-a-day A.P.E technique to enhance your trading prowess and boost income, don't hesitate to reach out. Elevate your trading game with strategic precision!
Long
by RaynLim
NZDJPY VS NZDUSD📈💹 Expert Level Trade Ideas: New Zealand Yen and New Zealand Dollar! 🇳🇿🇯🇵 On New Zealand Yen, we have an overall uptrend movement. Daily chart shows a bit of pullback. Four-hour chart indicates increased volatility with new lows and highs. One-hour chart has a retest of previous support level with a bit of RSI divergence. 🔍 Trading Strategy: Hidden trading opportunities within this chart can be spotted if you know the trading rules. Scan the QR code to learn more and share your findings in our traders cafe. 📈 Weekly Chart: Bearish shark pattern already in play, running at 188 pips. Buying opportunity at 5-0 pattern, 84.36 level. 📊 Daily Chart: Bullish bat pattern presents a buying opportunity at 84.25 completion zone. 📉 Four-Hour Chart: Use the staircase trading strategy. Wait for a pullback at 86.91 for a short or a breakout trade below 86.38 to chase the bearish movement. First target at 85.36. ⏰ One-Hour Chart: Similar situation, no need to repeat. 💼 Love Planning Your Trades? Set rules, look for conditions, and spend 15 minutes a day on your market analysis. Drop me a DM if you want to trade smart and efficiently. #ExpertTradeIdeas #NewZealandYen #NewZealandDollar #Uptrend #BullishOpportunity #BearishSharkPattern #StaircaseTrading #BuyingOpportunity #SetRules #TradeSmart #DMForDetails
Short
by RaynLim
Euro-Dollar vs Pound-Dollar: Why Choose🌐 If I had to choose between Euro-Dollar and Pound-Dollar, I'd trade both! However, let's focus on Pound-Dollar for now. On the weekly chart, it's still on a bullish continuation that started earlier than Euro-Dollar. 💹 Lower Timeframes: On lower timeframes, we have a buy zone and a counter-trend trading opportunity. This gives us various entry points for trading. 📊 Weekly Chart: The buy zone ranges from 1.2593 upwards. Daily Chart: A bullish gartley pattern has already formed, offering an immediate buying opportunity for aggressive traders once the market opens. Remember to set stop-loss, targets, and be aware of warning signs. 📈 Four Hour Chart: Another Gartley pattern suggests waiting for a retest at 1.2669 for a second chance entry opportunity. One Hour Chart: A head and shoulder formation indicates a possible pullback before engaging in a bullish shark pattern at 1.2697. 🎯 When trading, keep an eye on the 1.2700 level. A strong bullish run might occur, or if it breaks below 1.2700, a bearish movement could ensue due to stops placed beneath the buy zone. 💼 If you're intrigued by this type of analysis, have fixed rules, and know which direction to focus on...
Long
by RaynLim
Bearish Shark Pattern with RSI Divergence🦈📉 Bearish Shark Pattern with RSI Divergence 📉🦈 Finally, the trade I've been patiently waiting for on EURJPY is here! 🚀 This one calls for a shorting opportunity, treating it as a pullback trade, a retracement trade. Now, it's time to keep a close eye on how the market reacts when it reaches our first target at 154.25. 🎯 If the market respects this level and chooses to rebound upwards, we have our answer. But if it bashes through the blue box, then we know there's a higher chance of hitting our second target. Make sure to follow my only account @raynlim for more updates and insights on the financial markets. Let's trade smart and seize the profit opportunity together! 💪💰
Short
by RaynLim
Nasdaq on the Verge of Retracement 📉🚀 Nasdaq on the Verge of Retracement - Bearish Shark Pattern & RSI Divergence Pointing Downward! 📉🚀 I've spotted a Bearish Shark Pattern with RSI Divergence on the Nasdaq, signaling a potential retracement ahead. I've entered the trade with precise stops and targets in place. Let's keep a close eye on how it unfolds. 📊 If this trade turns out profitable, brace yourself, US stocks might be heading for a bearish ride that could last for weeks to months. ⚠️ US Stocks Traders, get ready for possible impact! 📈 Follow my only account @raynlim for timely updates and trading insights. Let's navigate the markets with confidence! 📈🚀
UShort
by RaynLim