USDJPY-Weekly Market Analysis-Nov22,Wk3This is what trading can be, I am waiting for a buying opportunity within the buy zone. For that to happen, a double-bottom setup is a minimum setup that is required before I consider a buying opportunity.
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GBPUSD-Weekly Market Analysis-Nov22,Wk3GBPUSD is approaching the Weekly Chart's Key Resistance Level that completes at 1.1872. What's nice about this setup is that a potential ABCD Pattern completes at that level, and that, gives a combo trading opportunity.
EURUSD-Weekly Market Analysis-Nov22,Wk3EURUSD is currently retesting the Weekly Key Resistance Level, 1.0352. I will wait for a Double Top set at that level before engaging in the trade.
That means Tuesday would be the earliest time to be involved in this trade.
CADJPY - Sideway BounceA potential sideway bounce setup on CADJPY can be seen at 109.24 for a shorting opportunity. For this to be a valid sideway bounce trading setup, I've to see a 3-bar reversal at 109.24 and naturally, one of the levels for trading consideration will be at 107.46.
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.
GBPUSD - Bullish GartleyA Bullish Gartley Pattern has standout. Usually setup like this will have a V-Bottom than a retest. I still prefer a retest before engaging on the trade.
You make your own call, don't follow blindly.
AUDCAD - Bullish BatThis Bat Pattern looks ideal but not ideal for me, but I've bigger plans for this trading setup. A candlestick confirmation on the pattern retest is required before any trade is possible.
AUDCAD - 5-0PatternThis trading setup is what matters. The 5-0Pattern setup that gives traders who are looking for a buying opportunity to engage the trade.
AUDCAD - Bearish SharkThis kind of trading setup often worries me. Consolidation before completion, could the shark pattern have missed it by a bit?
Let's see!
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.
AUDCAD - Buy ZoneA retest on 0.8709 could allow me to engage this trade that has already show a RSI Divergence on the setup. Patience is the key for setup like this.
AUDUSD - Head and ShouldersA Potential Head and Shoulders pattern could reverse and turn at 0.6364. I will be waiting for the confirmation signal before engaging in this trade.
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)
NZDUSD - Sideway BounceA sideway bounce setup is on the 1-hourly chart. This is one of the best setup for counter-trend traders, for them can wait for shorting opportunity on the red zone and buying opportunity on the blue zone.
With that said, trading confirmation is necessary.
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)
USDJPY is still a strong Bull!With all the BOJ intervention, USDJPY still stands strong; by the end of this week, at max next week, it will be back at the previous level.
So, counter-trend traders, if you are looking for an aggressive kind of trend reversal trade; think twice before you act.
GBPUSD-Weekly Market Analysis-Nov22,Wk1A Bearish Shark Pattern completes at 1.1650 which coincide with my 4-hourly chart, sideway bounce setup, a classic trading setup that I've been trading on most of my trading life.
With that said, a candlestick pattern confirmation is still required.
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.
