Askforex100
AUDUSD - Bullish SharkOn the higher timeframe analysis, my analysis on the Head and Shoulders trading setup still stands, despite the setup going off a bit.
My plan to engage in the trade depends on this Bullish Shark Pattern setup. A candlestick pattern confirmation at 0.6357 is vital for that trading decision.
USDJPY-Weekly Market Analysis-Nov22,Wk2My analysis still stands, a bullish trend on USDJPY. My preferred trading opportunity lies in the Bullish Butterfly Pattern setup that is looking to complete at 143.96.
A candlestick pattern confirmation is required before heading in for a mid to long-term buying opportunity.
GBPUSD-Weekly Market Analysis-Nov22,Wk2Let me know if this analysis confused you. Comment at the bottom; I like to know.
The entire structure is on a bearish trend; there is an ascending channel that is shaded red, from that you know that my bias is looking for a shorting opportunity. As long as the market movement is kept within 1.1736, the bearish trend is considered very strong.
Failure to do so, I will patiently wait for the market retest 1.2572 for a shorting opportunity on the Bearish Butterfly Pattern setup.
EURUSD-Weekly Market Analysis-Nov22,Wk2Regarding the overall trading setup, I'm waiting for a Buying opportunity on the EURUSD. EURUSD is on a sideway bounce setup, so I can wait for a buying at the blue solid line(0.9739) and shorting at the red solid line at(1.0082) for a trading opportunity.
Aggressive traders can wait for buying opportunities within the Demand Zone /Blue Box at 0.9843.
AUDUSD - Bearish SharkWe have a potential Bearish Shark Pattern that is complete at 0.6466; for all trading patterns, a final chart confirmation is required.
What matters more to me in this setup is the 5-0Pattern completion. One of the side reasons is that the completion of the Bullish 5-0 Pattern happens within the Buy Zone.
CADJPY - Bearish BatA Bearish Bat Pattern setup could be an opportunity for counter-trend traders to latch on to the trade. The earliest I would consider engaging in this trade is 10 am (GMT +8) as I must wait for the candlestick pattern to close.
For this setup, I wouldn't mind if i touches the arrow and reverse because that could bring in the AB=CD traders to join in the fun. Furthermore, it won't invalid the Bat Pattern.
NZDUSD - Bearish BatA Bearish Bat Pattern gives the counter-trend traders a shorting opportunity at 0.5860. Not only is this a Bat Pattern, but the completion of the Harmonic Patterns lands within the resistance level on the 1-hourly chart.(you can check the link under "related-ideas" of the trading view)
USDJPY-Weekly Market Analysis-Nov22,Wk1A Potential Bearish Butterfly Pattern is looking to complete at 147.95. A candlestick pattern confirmation is still as important as looking for a trading opportunity.
Do note that on the higher timeframe, I'm still looking for a buying opportunity.(check out the related article at the bottom of the tradingview post)
EURUSD-Weekly Market Analysis-Nov22,Wk1A Bearish Deep Gartley is a great setup for trend traders to hop in on a shorting opportunity at 1.01285. What is important is waiting for the right pattern and candlestick confirmation before engaging in the trade.
There's a resistance level on the 4-hourly chart that provides a potential shorting opportunity and a Potential Deep Crab Pattern on the 1hourly chart. That's how committed I'm to waiting for a shorting opportunity.