USDCAD - Bullish BatA Bullish Bat Trading opportunity present itself on USDCAD, as this is a 4-hourly chart, the earliest I would decide would be 5pm(GMT+8) but I believe most likely it will be 9pm.
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CADJPY - Bearish BatA Bearish Bat Pattern is completing at 110.00, a perfect shorting opportunity at the price action level. With that said, a candlestick pattern confirmation is still required.
NZDJPY - Bearish BatI'm waiting for the Bearish Bat setup within the NZDJPY that enable me to engage a shorting opportunity at 86.25; however, if the market slide towards 84.30, it does offer a buying opportunity after the completion of the Bullish Gartley Pattern.
Both Bat Pattern and Gartley Pattern are the usual Harmonic Patterns that I am comfortable engaging.
USDJPY-Weekly Market Analysis-Oct22,Wk4If you are in my community, you would know that I am still bullish on the US Dollar. However, I did say that I expected a sharp retracement in USD, and it seems like it has happened.
However, I know some of you might be waiting for a Shorting opportunity well, a Bearish Bat Pattern that completes at 151.22 might allow you to go on a short-term shorting opportunity.
GBPUSD-Weekly Market Analysis-Oct22,Wk4GBPUSD has a completed Bearish Shark Pattern, which does not necessarily mean you have missed the trade. You could wait for a retest of the Shark Pattern at 1.1388
EURUSD-Weekly Market Analysis-Oct22,Wk4I am still bearish on EURUSD, I'm waiting for a Bearish Deep Gartley Pattern completion at 0.9958. I'm aware that a lot traders are waiting for bullish opportunity on both EURUSD and GBPUSD but I don't see any recovery soon.
EURUSD - 5-0 PatternAs you know, the Shark Pattern can move. That makes it the most dangerous harmonic patterns of all, but also the most rewarding ones.
EURUSD - 5-0PatternWell, if you guys are aware, I do not usually post an analysis based on M15 timeframe, but this setup is worth watching. The distance between the red and blue line is 43pips, substantial profit between the 2 levels.
On the red dotted line, come the completion of the Bearish Shark Pattern and the blue dotted line, Bullish 5-0 Pattern.
Candlestick Pattern confirmation is required before one consider it as an trading ideas.
p/s do your own analysis and never follow blindly
AUDCAD - 5-0PatternA Bearish 5-0 Pattern give traders who want to look for a shorting opportunity, an opportunity to engage the trade. It is important to wait for 3bar reversal and not seeing candle break above and close above the red dotted line for the minimum confirmation.
EURJPY - Bearish Crab retestLong waited Crab Pattern has finally been completed. I'm waiting for the retest of the Bearish Crab Pattern to decide if I'm going to head in for the shorting opportnity.
GBPAUD - Bearish Shark RetestOn the 4-hourly chart, we have a retest at the resistance level with an RSI Divergence.
The strategy that I plan to involve myself with in the trade is through the Bearish Shark Pattern setup that completes at 1.8065.
I've taken this trade with an aggressive approach. Trade engaged at 1.8040.
AUDCAD - Demand ZoneAUDCAD has reach the other end of the Bearish Parallel Channel, it gives counter-trend traders an opportunity to engage the trade.
On a more conservative approach, counter-trend traders could wait for a double bottom with RSI Divergence on the 1hourly chart.
What is crucial in the setup is that the candlestick shouldn't break and close beyond the blue dotted line.
NZDJPY - Bearish Bat RetestLast week's video analysis I did talk about this Bearish Bat Pattern. If you have engage this trade, congratulation, you have gain close to 100pips of profits.
Don't worry if you have not engage on this Bat Pattern, you can wait for a retest at 83.50. A retest Bat Pattern is also known as Type2 Pattern. Usually, the movement of such setup is more gentle than the type1 setup. Patience is required.
What I like about this setup, it gives me an opportunity to hop on the Daily Chart's potential bearish flag pattern.
USDJPY-Weekly Market Analysis-Oct22,Wk3Trend Traders you can wait for a buying opportunity when the candlestick pattern touches 147.66 but not close beyond the blue box.
I'm bullish on USDJPY and will be waiting patiently to hop on to the ride.
USDJPY - Bullish TrendlineAdvance trader who can plot a similar bullish trendline and have your alert setting as once per bar close and wait for buying opportunity once the market touches it.
If you face challenge doing that, keep refreshing this analysis until you can see a link under related ideas.
GBPUSD-Weekly Market Analysis-Oct22,Wk3A Potential Bearish Shark Pattern may complete at 1.1436 and a Potential Bullish Bat Pattern may complete at 1.0634. Although I am not optimistic of the completion of the shark pattern but it is important for you to know there is such possibility.
I would like to congratulate you if you manage the engage the Bearish Crab Pattern, make sure you have shift your stop-loss to entry.
EURUSD-Weekly Market Analysis-Oct22,Wk3Do you agree that the simplest analysis is often the toughest to spot?
I'm looking for shorting opportunity on the red dotted line and buying opportunity on the blue dotted line.
This is 1 of the classic chart pattern and 1 of my favourite that I've been trading for the past 17years.
EURUSD - Bearish Deep CrabA Bearish Deep Gartley trading opportunity may present itself at 1.01285, a completion of this Deep Gartley Pattern is going to invalid the Bearish Channel and that's fine.
This is 1 of the possibility we should look out for.
GBPUSD - Bearish Crab retestA great shorting opportunity for me. I love to engage the crab pattern although to most traders they shy away from it.
There's a retest on this and is great to see a RSI Divergence on this bearish crab.
One of the combo I love to see is a completion of harmonic patterns within supply zone or demand zone or simply a consolidation zone.
Candlestick pattern confirmation is just as important.
p/s pls do not follow blindly
USDCAD - Waiting for bearish breakIf you are waiting for the more conservative approach to short the USDCAD, you might have to wait for a break and close below the rising trendline(red).
Aggressive traders observe how the candles react at the trendline. A break and close below is what you need
USDCAD - Structure BasedA structure-based trade could create an opening for Bat Patterns' die-hard fans. I will watch closely on the candlestick pattern formation to engage on this trade.
p/s: never follow blindly, always do your own analysis
NZDJPY - Bullish SharkA bullish shark setup on the 1hourly chart gives me an opportunity to head on this counter-trend move. Being a season counter-trend trader I know the next level of resistance is as equally important.
I will pause and see how the candlestick pattern reacts at 81.26. What I wish to see is a break and close beyond(above) 81.26.
Let's roll
p/s: do your own analysis and never fly blind!
AUDCAD - Bullish ButterflyAUDCAD also has a Bullish Butterfly. Some traders may choose 1 trading setup over the other, especially they they see some similarity among their portfolio.
Trading for 17years, I do not do that. I've witness that 1 trading setup might profit while the other might fail; or 1 ran into profit so much in advance of another.
You can check out AUDUSD under the related ideas within the link.
