Get started

Askforex100

CADJPY - Bearish SharkThis is a very bold trade; chances of it hitting stop are high. That's why I'm not putting it out as an Official Trade-Ideas. On the Range Bar chart, the Bearish Shark Pattern has confirmed and I'm in the trade. Once the market has reached its target 1, I will be shifting my stop to my entry price and pertain to a Risk-Free Trade. This is when I will be using my trade management - Upsize and stretch both target based on Daily Chart Shark Pattern, link of the analysis could be checked at the bottom. The Big Question will be, what if I got stop out, then I will wait for the next trading ideas to engage the trade again.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Mar22,Wk3Traders need to plan their trade; even there wasn't any trading setup, this happened to us last week(check last week's related ideas within TradingView). This week, we have upgraded from a Zero trading setup to a VIP trading setup. We have a Bullish Shark Pattern complete within the Buy Zone on the 1hourly chart. What makes this trade special is that we could use the Trade Management system to stretch our final target to the Bearish Deep Gartley Pattern on the 4-hourly chart.
Long
by RaynLim
CADJPY - Bearish SharkCADJPY has been giving us an amazing trading experience. Once again, another Bearish Shark Pattern has formed up. What's different from this setup is that the 4-hourly candle has broken and closed above X. This is something that you shouldn't treat lightly. You can head to the lower timeframe and wait for a Double Top setup with RSI Divergence on the 1hourly chart. That should significantly reduce your initial stop-loss providing and reward of up to 5x.
Short
by RaynLim
EURJPY - Bullish FlagLast week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit. If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity. Well, there is a Potential Bullish Flag setup complete at 127.46, that's the price you can wait for a retest combined with a 3-bar reversal to head in the trade. If the market break and close below that level, you can wait for the Bullish Shark Pattern setup on both 1hourly and 4hourly chart setup.
Long
by RaynLim
CADJPY - Bullish SharkBefore I talk about the Bullish Shark, I like to talk about the Bearish Shark Pattern(check out the related ideas posted within TradingView). That trade's target one has been attained{90.44} a total of 192pips captured, and its first target provides a 2.74 reward: risk ratio. The market has to break and close below 89.81 will significantly increase the odds of the 2nd target being hit. I will be shifting target2 further to 88.80, giving a 4:1 ratio to its risk profit. If you have not engaged in the trade, do not chase the market. I will then reverse the trade by counter-trend trading it as I engage the Bullish Shark setup.
Long
by RaynLim
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas. But if you did short this, you would have gained a total of 848pips. 5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level. I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
Long
by RaynLim
USDJPY-Weekly Market Analysis-Mar22,Wk2On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the TradingView post) There is a possibility to earn the 103pips movement by reversing the trade. I will wait for a double bottom with RSI Divergence on the 1-hourly chart before engaging the trade. Any idea why that is important? Comment down below.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Mar22,Wk2We have a Bullish Deep Gartley on the Daily Chart. There are 3 things that I'm not comfortable with this Deep Gartley Pattern are: 1) A retest at Point C 2) Consolidation right before the Gartley Pattern completion. 3) Strong Bearish Candle as the Terminal Bar of the Harmonic Pattern. However, what's comforting to see is that the Weekly Support Zone(1.3220~1.31402) coincide with the Deep Gartley Pattern completion. What you can look out for is a Double Bottom with RSI Divergence that can strengthen the bullish movement of this trading setup.
Long
by RaynLim
EURUSD-Weekly Market Analysis-Mar22,Wk2EURUSD is on its bearish run, the minor support level on the Weekly chart is seated at 1.0885. I won't just rush to engaged the trade as its major support is only 185pips away. If you are looking for a counter-trend approach, you can wait for a retracement after a double bottom is formed. If you are looking for shorting opportunity, you can either wait for the market to retest 1.1012 follow a 3-bar reversal before I wait for a shorting opportunity. Breakout traders can wait for the market to break and close below 1.0885 followed by a retest at 1.0885 and short the market after a 3-bar reversal pattern is formed.
Short
by RaynLim
1