USDCAD - Bearish BatUSDCAD is in a sideway movement. Harmonic Pattern traders could wait for a trading opportunity at 1.2818 on the emerging Bearish Bat Pattern.
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USDJPY-Weekly Market Analysis-Apr22,Wk4Last week's market analysis still stands, click the link within tradingview to view last week's analysis if you have not done so.
If you are an intra-day trader, you can wait for a 3-bar reversal at the Bullish Gartley Completion Point, 127.07 for a buying opportunity.
GBPUSD-Weekly Market Analysis-Apr22,Wk4GBPUSD has broken and closed below the channel, trend traders can wait for a retest of the channel for a shorting opportunity.
Counter-Trend Traders can wait for the market to consolidate at 1.2796 and wait for a 3-bar reversal to long based on the Bullish Crab Pattern.
EURUSD-Weekly Market Analysis-Apr22,Wk4EURUSD is at an interesting setup that can get both Trend Traders and Counter-Trend Traders involved.
If you are a trend trader, waiting for Point 1 for a 3-bar reversal(a break and close below) the current candle low would signal a shorting opportunity. Target1 would be a recent market close, which is at Point 2.
Where else Counter-Trend Traders could wait for Point 2 for a 3-bar reversal and long it to Point 1 as the first target.
GBPJPY - Uptrend ChannelWithin this bullish run, I'm waiting for the market to retest 166.87 for a buying opportunity.
It is hard warming to see GBPJPY climb back to this price. It feels like it has return to the price range that I was trading more than 10years ago.
NZDUSD - Bearish SharkAs mentioned before, Shark Pattern can have as many as 3 different entry prices. Lucky for us, this is the only opportunity left for this setup.
There's no need to rush into the trading setup, we could wait for market confirmed by seeing the candlestick break and close below the PRZ zone(rectangle at Point D) and retest back to the entry price.
NZDUSD - Bearish SharkThe descending triangle has evolved into a Bearish Shark pattern, which is even better. It gives us a more defined stop loss level and target taking level.
I might stretch the Final Target Level.
Check out my previous analysis at the link below to see how the market evolved but not exactly invalid the trend. And how patience pays off.
ETH - ABCD PatternABCD Pattern is the fundamental/building block of the Harmonic Pattern. Like its counterpart, the pattern is designed on a counter-trend trading opportunity.
What I like about this setup is that it came into the previous consolidation zone.
I'm not a big fan of trading crypto but is no harm to consider buying at this range.
Conservative traders can wait for consolidation and 3bar reversal before considering engaging in the buy trade.
AUDUSD - 5-0 PatternIf you have followed last week's analysis(link at the bottom), you could have caught some profit from the Bearish Shark Pattern setup.
It's a bad idea to jump in the trade and take the short trade now because you won't have an edge over the market.
Instead, you could wait for the 5-0 Pattern completion for a counter-trend move. The formation can complete as early as 0.7263. It is a 316pips profit potential trading setup. All the best to you.
#iToldYouSo
NZDUSD - Descending TriangleAlthough I'm waiting for my Bearish Shark Pattern on both 4-hourly and Daily Chart. I am more interested to wait for a shorting opportunity in this descending triangle setup.
Either a retest of the descending trendline or a break and close below the support line could be a sign for me to get involved in this shorting opportunity.
With that said, rules of filter and candle formation is just as important.
USDJPY-Weekly Market Analysis-Apr22,Wk3A simple analysis doesn't mean that the profit potential isn't great.
If you remembered what I said last year Oct2021 to buy USD, you would be laughing throughout the months.
Just from 4 March onwards, you would have earned more than 1200pips of pure profit at this time of the post.
Buying opportunity when the market hit the 1st trendline(with 2 arrows) will have an opportunity to be involved in the bull run aggressively.
If the market hit the 2nd trendline, movement will be slower, profit factor might be higher.
In trading, as the name suggests, there is always a trade-off, and so does in life.
GBPUSD-Weekly Market Analysis-Apr22,Wk3GBPUSD has a bearish trend on its higher timeframe. On the 1hourly chart, I'm waiting for the market to touch the bottom of the rectangle and bounce back to the top.
At that price, I will wait for a shorting opportunity for a Bearish Flag Pattern trading opportunity. This formation will be stronger than the market breakdown of this sell zone.
EURUSD-Weekly Market Analysis-Apr22,Wk3On the higher timeframe, EURUSD is on a Bearish Trend but fails to break the recent support level.
On the 1hourly chart, I'm waiting for candlestick confirmation for a shorting opportunity.
To Target 1 there is a potential 40pips of profit, give and take.
EURUSD - Bullish Shark checkbackIf you are looking for a reliable setup for a countertrend move, we have spotted a Bullish Shark Pattern that has checked back.
If you are looking to stretch the target to the daily chart, Bearish Bat Pattern, I find that could be far-fetched for the time being, but I leave that decision to you.
NZDJPY - Bearish BatIntra-day trade seems to be the norm recently for me. A Bearish Bat Pattern complete on the range bar chart in NZDJPY.
USDJPY - Bearish Gartley Type2A Type2 Bearish Gartley Pattern setup could be the answer for a counter-trend trade. I'm waiting for a retest at 125.68 for a shorting opportunity.
AUDUSD - Bearish SharkTraders are obsessed with corelation in trading, and for many years that relationship has been weaken to a state of pointlessness.
As you can see the the NZDUSD has not completed the Bearish Shark Pattern setup, but the AUDUSD has a completed Bearish Shark, traders can now wait for a checkback at 0.7556.
If you head to the 4-hourly chart, the candle is seated within the buy zone, 0.7459.
NZDUSD - Bearish SharkCounter-trend traders could wait for a Bearish Shark shorting opportunity at 0.7138. Trading from Point C to Point D of the Shark Pattern is a dream of many newbie Harmonic Pattern traders.
Well, you might just have an opportunity as the candle respect the trendline. You could wait for a 3-bar reversal on the 4hourly chart for a buying opportunity.
In this case, the 1st target will be at 0.6973, that would give you an opportunity to shift stops to entry.
USDJPY-Weekly Market Analysis-Apr22,Wk2All Yen Pairs that's under my radar are having a Potential Double Top with RSI Divergence. That's something worth looking at.
If you are a trend traders, you could be waiting for a buying opportunity at around 123.71 on the 1hourly chart. If you are proficient in Harmonic Pattern Trading, you could have spot the Bullish Bat Pattern emerge in the 15-minutes chart.
GBPUSD-Weekly Market Analysis-Apr22,Wk2GBPUSD is on a Bearish Trend, however, counter-trend traders could wait for a retest at 1.2983 for a buying opportunity based on the ABCD Pattern checkback.
Trend traders on the other hand could wait for a shorting opportunity at 1.3053 for a trend trading opportunity.
EURUSD-Weekly Market Analysis-Apr22,Wk2EURUSD is on a Bearish Trend. Trend traders could wait for a Bearish Bat shorting opportunity that completes at 1.1417. Agressive traders could wait for a retest within the sell zone in the 1-hourly chart.
AUDCAD - Bearish GartleyA Bearish Gartley Pattern set up on the range bar chart could be a great trading idea when the market is chopping on the 1-hourly chart.
With that said, you need to know at which point is safer to engage, because you don't want to get whipsaw and got stop out.
USDCAD - Demand ZoneBesides waiting for the Bullish Deep Gartley setup, there's another way to engage the USDCAD chart. If you are into this consolidation or sideways movement, you could wait for a trading setup on the lower timeframe, preferably the 1-hourly chart for this setup.
You can wait for a minimum setup of Double Top setup with RSI Divergence, in that case, you can have a tight stop, even if it fails you won't be losing a lot.
Always remember, there isn't any hurry in hopping into a trade.
It's always better to miss a trade than to jump in to one you regret.
