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USDJPY-Weekly Market Analysis-Jun22,Wk3I've mentioned for the longest time that the USD will keep appreciating, just look at USDJPY. There might be a chance of a retracement happening this Thursday, 2am(GMT+8) when the US bank interest rate is released, and if the movement break and close below the blue box(buy zone), we might have to reanalyse the market movement. For now, I'm waiting for a buying opportunity at 133.63 to capture the trend trading move by using a bullish flag pattern.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Jun22,Wk3What we witness is the move that we had engaged and shared before the actual move was made in this Bearish Shark Pattern setup. It took 2 weeks after completion for it to went past our target1, but the movement is worth it, a 348pips move and what the trader is required to do is to engage the trade, place the stop-loss and target profit level and wait for the market to fulfil the order. This week GBPUSD will be the most volatile pair and that's because both UK and US is going to have their rate decision and both countries are likely to increase their bank interest rate. Stay away from this pair if you are not ready to manage it.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Jun22,Wk1A Bearish Shark Pattern has been completed and I'm waiting for a check back at 1.2652 for a trading opportunity that could head towards a potential Head and Shoulders setup on the daily chart and a Bullish Gartley pattern on the 1-hourly chart. The order of the move makes a great difference on the profit potentials. The best outcome would be the Gartley Pattern on the 1hourly chart, 1.2573 forms up before the check back of the Shark Pattern on the 4-hourly chart, which is the current timeframe for the maximum income potentials.
Short
by RaynLim
(Episode #556) GBPAUD - Bullish SharkThis is a very different Weekly Market Analysis, seldom do I share a Weekly chart setup but this is special and close to my heart, a Shark Pattern on GBPAUD Weekly Chart. The Bullish Shark Pattern is valid, if you have deep pockets, you can consider this trade, you are looking at more than 1,000pips of potential profit to only Target1. Yes! You read it right, more than 1000pips of profit potential. Personally, I will be watching this trade closely in the lower timeframe for a trading opportunity. This could be my trade of the year.
Long
by RaynLim
USDJPY-Weekly Market Analysis-Jun22,Wk2There is 2 trading opportunity, it depends on which camp you belong to. Counter-Trend Trader or Trend trader. The Counter-Trend Trader could wait for a Double-Top setup within the Supply Zone(red box) with the RSI Divergence setup. Trend Traders can wait for a Buying Opportunity at the Demand Zone(blue box). There is still some time before the US Interest Rate Decision, it is likely to be 1 of the most volatile event that's going to happen on 16Jun, 2 am (GMT+8)
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Jun22,Wk2If you are looking to ride on the wave on the daily chart, either the late entry of the ABCD Pattern or engage the trade based on Potential Head and Shoulders setup, your chance is here. When the market opens wait for candlestick confirmation at 1.2369, the Bullish Deep Gartley Pattern. This is a counter-trend trade move and might inverse the Bearish Shark Pattern setup that you are in. It is important for those who have engaged the shark pattern to shift stop-loss to entry. You can now see that it is important to follow a coach who shares with you analysis before it happens and it is important to like that analysis that you are learning from, and that is because when you've related ideas, you will receive the notification and learn from it.
Long
by RaynLim
GBPUSD - Head and ShouldersIf you had followed my Weekly Market Analysis closely, you would be aware that last week I've said that the market is going to retrace from the high to 1.2475 and for those who had entered the counter-trend trade of the ABCD Pattern at the HOP level , 1.2186 not to panic. What you can do is shift stops to entry and observe if the level at 1.2475 holds on the daily chart. When the market opened, you can wait for the Bullish Deep Gartley Pattern for an entry opportunity to ride on the wave. Check out the link at the bottom.
Long
by RaynLim
SOL in a Bear RunSolana also known as Sol is in a Bear Market. I know that most of you aren't very happy about it, but it is time for us to think if the cryptocurrency market is really a De-Fi. I'm not doubting the mechanism, but the design or the marketing of it is flawed. If you have not noticed, whenever the USD appreciates, the crypto market will have a nosedive. When the crypto market has such a relationship with the USD, it will never be truly defined. If you are holding them, don't panic, there's always a solution to it. We can wait for the opportunity to trade it and with that profit, it can help us recover or even earn from the market that moves against us. Most Harmonic Pattern traders will wait for the shorting opportunity of the Bearish Bat Pattern completion at 52.97. However, the Bat Pattern has been invalidated. You can still engage it, but it will not be a Bat Pattern and you are taking the trade not more than a toss of a coin. Trend Traders can wait and observe any shorting opportunity within the sell zone.
FTX:SOLUSDShort
by RaynLim