GBPJPY - Bullish BatFor those who had missed the Bullish Bat setup on the 4-hourly chart(link under the tradingview post), you can wait for the Bat Pattern setup on the 1hourly chart, which is often referred to as the intra-day chart that completes at 160.77.
Students will be able to observe how I manage this trade and how I would make a trading combo out of this 2 chart with low-risk and high-returns.
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EURJPY - Bearish FlagCounter-trend traders can wait for a shorting opportunity at 138.81 to fulfil a potential Bearish Flag Pattern. This could be the most volatile trade compared to the Shark Pattern.
Although the Bearish Shark Pattern is a more conservative setup, that doesn't mean it won't be profitable. Should the candle break and close beyond the first red box, traders can wait for a candlestick confirmation at 141.81 to engage this harmonic patterns.
USDJPY-Weekly Market Analysis-Jul22,Wk3A Bearish Gartley Pattern has completed at 136.54; counter-trend traders could wait for a retest to engage the trade.
Trend traders can wait for a Bullish Bat Pattern that is completed on the 1hour chart; that is possible because the USDJPY is in a consolidation phase.
Unlike most pairs, the USDJPY consolidation doesn't necessary means that the market is going to reverse.
GBPUSD-Weekly Market Analysis-Jul22,Wk3A bearish shark pattern completing at 1.2097 will allow trend traders to head in for a trend trading setup.
Compared to its siblings, the Shark Pattern is always the most tricky harmonic pattern, and that is because it can have as many as three entry zones, on top of that, there is another Bearish Shark lurking on the daily chart.
EURUSD-Weekly Market Analysis-Jul22,Wk1Trend traders could wait for the market to retest on the upper trendline of the bearish channel for a shorting opportunity.
Counter-trend traders could wait for candlestick pattern confirmation to long EURUSD based on the Bullish Deep Crab Pattern that completes at 0.9928. However, long at 0.9928 means that Euro went off parity with the Dollar and that might invalid the Deep Crab Pattern should the market break and close below 0.9928.
NZDJPY - Bullish SharkA Bullish Shark setup on the 1hourly chart coincides with a Type2 Bullish Bat Pattern on the 4-hourly chart. This is the kind of trading setup that I like to engage in or plan to engage in. I'm waiting for a retest to get in the move since I've just benefitted from shorting the same pair on a Bearish Shark setup.
Could you spot the Bearish Shark Pattern hidden within the chart?
USDJPY-Weekly Market Analysis-Jul22,Wk1There is a Bearish Gartley Pattern setup on the 1hourly chart that completing at 135.71. This Gartley Pattern setup is a trend trading setup. Even that said a Gartley Pattern setup like all other Harmonic Patterns setup is only valid when the movement reached Point D with candlestick confirmation.
USDJPY - Sell Zone for aggressive traderIf you are looking for a shorting opportunity in USDJPY, you may be in luck. You can wait for the market to head into the consolidation zone to short which could be as early as the red dotted line. I would wait for a candlestick confirmation before engaging the trade.
AUDUSD - Bullish Butterfly Pattern A potential Bullish Butterfly Pattern might just catch the falling knife. I'll be waiting for the candlestick touch the furthest line of the rectangle at Point D and show me a confirmation sign to engage the trade.
Retest on Point D will not be the requirement for this trade.
AUDUSD - Bullish SharkWhile EURJPY has a great setup for the coming week, AUDUSD might give us a surprise too, a Bullish Shark Pattern is looking to complete at 0.6865, which enables counter-trend traders for another great trading opportunity.
But as mentioned, the Shark Pattern can have as many as three entry zones. Traders need to wait for confirmation signal before engaging the trade.
EURJPY - Bearish SharkIt seems like EURJPY is 1 of the pair that has a higher chance of trading opportunity as the market move closer to 144.16 which happens to complete the Bearish Shark Pattern.
While this is an exciting news, the Shark Pattern can has as much as three entry zone, that is why it is extremely important to wait for a candlestick pattern confirmation before engaging the trade.