EURJPY - 8Range Bar Key SupportKey support level on the 8-range bar, I'm waiting for the bar to close and respect 142.56level for an aggressive buying opportunity.
Askforex100
NZDJPY - After bearish run, yet..After a bearish run, the market does respect the support level but fails to push RSI to the oversold region, which became a concern for me to engage in my initial trading ideas.
I will wait for further confirmation before engaging on the trade.
GBPJPY - StructureGBPJPY on the 1hourly chart at structure; any plans you have, traders?
Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
NZDJPY - Bullish SharkHave a closer look at NZDJPY, a 4hourly chart. My setting to the chart is (UTC +3), which means the candle close will happen at 1 pm (GMT +8).
For this setup, I will not wait for confirmation on the 1hourly chart. You will understand why if you have a strong trading foundation.
GBPJPY - Potential Bull Flag Bull Flag, is definitely 1 of my favourite. I'm excited in seeing this Flag Pattern 🚩 formation of the 1st pair I trader 17years ago.
God! I feel old.
Will things aside, I will wait for candlestick pattern confirmation before engaging this beauty.
AUDCAD - Bearish Shark 🦈 The Bearish Shark Pattern has went to the 2nd entry level, as a Shark Pattern Trader, you have to be aware that this harmonic patterns can have as much as 3 different entry zone.
Conservative Trader can consider to wait for retest of 0.8947 to engage the trade.
GBPAUD - Bullish BatThe overall trend of GBPAUD is a Bearish Trend. You must know that the bearish trend is pretty strong with the current market condition.
However, there is a counter-trend trading opportunity; a bullish bat pattern has been completed, and at this moment, it is having its retest. You can wait for a 3-bar reversal pattern before engaging the trade.
USDCAD - Bearish Bat comboThe Potential Bearish Bat setup on the 1hourly allows the "latecomer" to engage the trade and die-hard traders who got involved on the Bearish Deep Gartley Pattern a chance to increase their position without increasing their risk.
That said, candlestick pattern confirmation is essential before entering the trade, even though the Bat Pattern is formed within the sell zone.
USDJPY-Weekly Market Analysis-Sep22,Wk3USDJPY's daily chart has a potential bearish crab setup and the 1hourly chart has a potential bullish crab setup.
On the current timeframe, USDJPY has respected the HOP level and reversed, what interest me more is the buying opportunity it presented.
When market opens on Monday, I will wait for a retest of support for a buying opportunity.
GBPUSD-Weekly Market Analysis-Sep22,Wk3GBPUSD's key resistance on the daily chart is at 1.1759, which coincides with the 4-hourly chart bearish shark trend trading setup.
This give me opportunity to expand my profit taking level. Something for you to consider.
EURUSD-Weekly Market Analysis-Sep22,Wk3Before we start, you have to be aware that both the Daily and 4-hourly chart is in the Bearish Trend but the 1hourly chart is in a Bullish Trend. On a mid-long term perspective, I'm waiting for a shorting opportunity, however, on the 1hourly chart you can wait for a buying opportunity.
So how does this work?
If a Bullish Trading Opportuntiy presents itself on the 1hourly chart, I'll take it. I can even stretch my 2nd target if the setup shows such opportunity.
USDJPY - Bullish BatTo all the crazy supporters of USDJPY, your chance to long this pair has come in an aggressive setup.
So why is this an aggressive setup?
The market has not reversed back to 143.09 to give further confirmation of the market movement. If you are a Bat Pattern Trader, you should know that.
I'd take this on an aggressive approach; remember to place stop-loss below X, which happens to be at the tip of the buy zone.
USDCAD - Bearish Deep GartleyA Bearish Deep Gartley Pattern check back. What!?! It's rare, but it does happen.
I"m waiting for the candlestick to close and confirm a long shadow for my aggressive trade. This trade could potentially give me a lower risk and higher returns, if you know what you are looking for.
USDCAD - Bearish SharkA Bearish Shark setup has its retest. But is this it, or not? Shark Pattern can have up to 3 entry zone, test 3! So it's best to wait for candlestick confirmation to engage the trade and ever over trade.
NZDUSD - Bullish SharkThat is why the Shark Pattern and the Crab Pattern is the toughest harmonic pattern to trade. And that is also why we must ensure that our students are well-versed with Harmonic Patterns and have profited from other Harmonic Patterns before we teach these bad boys.
We are back into the waiting phase; I'm waiting for a 3-bar reversal pattern to engage the trade.
CADJPY - Bearish BatCounter-trend traders, this is another trading opportunity, a Bearish Bat Pattern completes on the daily chart.
It will be a busy Monday for traders. Share this with your friends, so they won't sleep through Monday and missing lots of trading opportunity.
What I love about this setup, there are RSI Divergence on the lower timeframe.
NZDUSD - 5-0 PatternCounter-trend traders, this is my favourite setup for the week, a 5-0 Pattern on the 1hourly chart. I will be waiting for the 3-bar reversal to engage the trade and as an experience trader, this trade will give me an opportunity to have lower risk with higher returns.
USDJPY-Weekly Market Analysis-Sep22,Wk2If you remember the analysis that I made, you would remember that I said that the Bearish Bat on the Daily Chart won't be fulfiled. Real trading means, sometimes after weeks of waiting, there is no trading opportunity, and that is ok. I always said, it is better not to engaged a trade that doesn't seems to work out rather than regrets after engaging those trade that you know you shouldn't have.
Trend traders can wait for the retest within the buy zone(blue box) and wait for a 3-bar reversal before engaging on the trend trading setup.
GBPUSD-Weekly Market Analysis-Sep22,Wk2Aggressive Counter-Trend Traders, you might have an opportunity to engage GBPUSD on a buying opportunity.
Why is that an aggressive move?
That's because there is no structure or support looking left.
At the minimum, wait for a 3-bar reversal before engaging in the trade. Your first potential profit taking level will be at 1.1576.
EURUSD-Weekly Market Analysis-Sep22,Wk2EURUSD is on a Bearish Trend, should the market reverse and touches the focused trendline, it will be a perfect opportunity to engage the trade.
The grey box that the market is in right now gives counter-trend traders an opportunity to engage in the trade.
I'm focusing on shorting opportunities on the EURUSD.
I'm looking to short EURUSDFinally, with days of waiting, I'm waiting for the opportunity to short the EURUSD!
I'm waiting for the shorting opportunity when the candlestick close, trading base on resistance level.
GBPJPY - Bullish BatWell, I'm not that confident about this Bullish Bat Pattern. I must say I do not like to see consolidation near the completion of the Bat Pattern. It is a warning sign to me.
I will be waiting for candlestick pattern confirmation before engaging the trade.
Bearish Crab meets Bearish SharkUSDCAD has a very interesting setup. The completion of the Bearish Crab Pattern happens to be the Bearish Shark Pattern's HOP level.
At this moment, it seems that the USDCAD is the better trading setup to short based off the counter-trend trading setup.
