USDCAD - Bullish BatThe Bullish Bat pattern form within the Daily Chart of the Bullish Flag setup. This is a Trend Trading setup, advance traders could look for a Trend Continuation setup within the same chart by using the Combo Trade Manage System.
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USDJPY-Weekly Market Analysis-Mar22,Wk1Congratulation if you have caught the Bearish Deep Gartley Pattern that completed at X, that would have brought you 175pips of profit .
If you have missed that, the USDJPY has a Bearish Shark Pattern completed at 115.75 on the 4hourly chart. It seems that you have just missed the trade, but don't fluster. In most cases, you can expect a retest on the Shark Pattern before it reach its countertrend trading setup, the infamous 5-0pattern.
GBPUSD-Weekly Market Analysis-Mar22,Wk1A Bearish Bat emerges on the 1hourly chart and it is seen to complete at 1.3530. This may seem like a simple trading pattern, but if you are aware of our trade management system, this is a Great Trading setup.
This Bat Pattern fulfil the upsize trade management system that can easily have a Reward is to Risk that is more than 4:1.
EURUSD-Weekly Market Analysis-Mar22,Wk1If you have engaged the EURUSD trading ideas on Friday, you would have earned 106pips(1,060USD/lot) from Bullish Bat, and have your stop-loss at entry and attained a risk-free trade .
Trend Traders can wait for a shorting at 1.1307. You may wonder, hey, you were long on the 4-hourly chart, why look at short on that 1hourly chart.
If you have checked and compared the trade you would know that by the time the Bearish Butterfly Pattern form on the current timeframe, it would have passed the Target 1 of the 4hourly chart Bat Pattern.
The 1hourly Butterfly Pattern could be a retracement on the 4hourly chart. Besides, a lot of Harmonic Pattern Traders took off major position on the first target, when that happens, a retracement is expected.
However, if this is too confusing for you, stick with a single timeframe trading, and if you are looking to excel, look for a trading coach.
EURUSD - Bullish Bat PatternA Bullish Bat Pattern is spotted on the EURUSD, this is a sideway market movement. At this moment, I'm waiting for a retest at 1.1164 for a buying opportunity.
If you are interested in this trade, you have to be aware that this trade could take from 3days to 2weeks to complete, there is a weekend risk influenced by the War between Russia and Ukraine(although it still has not shown up in the FX Market)
To avoid weekend risk, you can decide to engage the trade after Market Open on Monday(GMT+8)
GBPAUD - Head & ShouldersA Head & Shoulders formation on the 8 range bar of GBPAUD. We do see the RSI Divergence from this setup which is Great for traders that decide to take on this counter-trend trading opportunity.
GBPAUD - Bullish ButterflyGBPAUD has a Bullish Flag Pattern on the Daily Chart, if you have missed the entry, there is a second chance entry for you. A Bullish Butterfly Pattern completes at 1.8813 for your buying opportunity.
CADJPY - Bullish ButterflyWOW! CADJPY is our trade of the month. First, we engaged the trade on a Bullish Crab Pattern and before the Crab Pattern has even moved towards the direction that I was trading. I'd also spotted the Head and Shoulder opportunity to buy.
With Trade management, that trade easily brought us 280pips(approx. 2,800USD/lot traded) of pure profit
If you trade Type2 Pattern, on the 4hourly chart, we have a Bat Pattern to complete at 90.12.
Well, if you are like me, when there's an immediate pattern and you prefer Type1 Pattern over Type2 Pattern, the Bullish Butterfly Pattern completed at 89.63 on the 1hourly Pattern.
USDJPY-Weekly Market Analysis-Feb22,Wk4If you have read the previous post(the article is within the link to the related idea within TradingView), the Bearish Butterfly has already brought you 167pips(approx. 1,670USD/lot traded) of profit.
Should the market continue to fall and reach 114.58, it will be a Bullish Gartley Pattern for trend traders to hop on the trade for a buying opportunity.
However, if the market reverses from this point, you should be able to catch the Bearish Bat Pattern on the 1hourly chart.
GBPUSD-Weekly Market Analysis-Feb22,Wk4A Bullish Shark Pattern trading opportunity present itself at 1.3567 for a trend trading opportunity within the Bullish Flag consolidation zone within the 4-hourly chart.
If you have saw last week video, you would have spotted the trading setup and capture the 116pips(1,160USD) move.
If you missed it, no worries, wait for a 3bar reversal on the 1hourly chart after the Shark Pattern has formed.
Do note that the Shark Pattern can have up to 3 entry zone and a True Shark Pattern trader should have all 3 tries.
EURUSD-Weekly Market Analysis-Feb22,Wk4If you had caught the Bullish Shark Pattern and Bearish 5-0Pattern congratulation to you. That's 100pips on each movement, which totals to 200pips(2,000USD/lot traded) if you traded both of them.
Some traders do trade Type2 Pattern, if that's you there will be 1 that is showing up, the Shark Pattern on the 4-hourly chart soon.
However, if that's not for you, there is a Bullish Gartley Pattern that is complete on the 1-hourly chart in the same region.
AUDCAD - Key ResistanceKey Resistance level, if the candle closes the way we are seeing now. I may head in for an aggressive shorting opportunity as I love to give a "short"(pun intended) especially when there is a RSI Divergence with Long Shadow candle within the Key Resistance Zone.
Going aggressive on this...
We shall see...
4hour candle closing in 19minutes time.
EURUSD - 5-0 PatternA Bearish 5-0 Pattern if you are waiting for a shorting opportunity like I do.
In this trading setup, I will not be taking further targets. What I love about this setup is that the 5-0 Pattern has an exact price, rather than a zone.
CADJPY - Head and ShouldersDo you remember we spoke about this trade how the Area of Concern(AOC) is important and how we could expect a Head and Shoulders trade setup?
(refer to the link, under the TradingView and study how I got the analysis)
Here we go, guys. What is your trade plan from here?
This could be a Combo trade, a term I've come up with to share the possibility of stacking trading ideas on 1 another.
CADJPY - Bullish CrabAlert came in at around 4:35 pm (GMT +8) when I was having my tea break. The big long black bearish candle you see in the chart it's when it happens.
I know that I have until 6 pm to make my trading decision.
To trade or not to trade?
Should I engage in both pairs or should I choose 1?
That's how real trading can be. There's no need for you to guard your computer and wait for action on every tick.
Sadly for USDCAD, the Bearish Shark got activated, and not the Bullish Gartley(check the link within TradingView)
I have made my move on CADJPY. Why this pair and not another or both? Well, It might be too long of a post for that explanation. Allow me to keep it short by sharing only CADJPY.
It has an RSI Divergence, which has been marked by a black arrow within this chart. No doubt a long shadow candle happen that is not showing immediate strength in the bullish setup.
I see that the volume indicator on the side that gave me a 20pips leeway to place in my stop at entry when it happen.
Once I did that, there will be no downside for this trade, and that's great!
Judging the movement of the candle, I could expect a potential Head and Shoulder Bottom that can give me another buying opportunity at around 90.44.
When that happens, it could form above the "area of concern" , what I need to see is the market break and close above the "area of concern" .
It might be a clearer picture for you to decide to engage this trade when I share it(due to the formation of the candle)
Could you imagine that I engaged the trade at 90.13 and not 90.22 at the price you have seen!
It takes experience to read the chart and make the trade. Learn, Practice and get a Coach!
EURUSD - ABCD PatternWe just have to scrap the Bearish Shark Pattern as a trading idea, now we have an updated one.
A bullish ABCD pattern for a counter-trend move. I will have to wait for candle confirmation before engaging in the ABCD pattern. A double bottom with RSI Divergence will be the best setup.
USDCAD - Bullish GartleyAs you can see there are 2 Harmonic Patterns that have the same potential of forming up. Although the Bearish Shark Pattern is about to complete, however, my trading bias is on the Bullish Gartley Pattern.
You may wonder, "Why the Gartley Pattern rather than the Shark Pattern that's going to complete?"
Well, the reason is simple, having the Bullish Gartley formed, it can create a trading combo on the 4-hourly Bullish Flag Pattern. Is that simple.
That gives me the lowest risk and highest return possible.
AUDUSD - Bearish BatAUDUSD has a potential Bearish Bat Pattern forming up at 0.7233 for a shorting opportunity. This trading idea is special because if all goes well I could stretch the target to the Bullish Shark Pattern completion on the 4-hourly chart.
This kind of trading idea requires me to stretch my target which I'm going to name Upsize, and that is so because the target profit just got upsized.
Trade Management is just as important as Risk Management. If you want to be exceptional in trading, you need to have this.
USDJPY-Weekly Market Analysis-Feb22,Wk3If you had not read my post at the bottom, most likely you had missed the Bearish Butterfly Pattern that already gave 69pips of profit on the first target and just visually a bit shy away from its second target that has the potential to bring another 114pips of profit.
It is important that in trading, we never, ever, ever chase the trade. However, we could wait for the market to retest back to the consolidation zone in hope of forming a Bearish Bat Pattern or a Bearish Gartley Pattern for us to hop right into the trade or to have an add on of our trade.
There are three things that a trader needs to have. First He or She has to be able to read the trend, secondly, the ability to plan the trade execution and lastly to have the patience to wait for the setup to complete.
GBPUSD-Weekly Market Analysis-Feb22,Wk3Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run.
If you had missed those waves, don't miss them again! You might have a chance to engage the trade on the Bearish Gartley Pattern, if you manage to trade the Deep Gartley Pattern, it happens to be at the Entry Zone, better known as Type3 Shark Pattern. Trade like these I call these trade the Combo. You have the option to engage in trade with minimum loss and maximum profit potential.
The key to this is the knowledge to identify if the Combo Trade is possible.
You have to know that a potential bull flag is going against you on the 4-hourly chart after these runs.
Get a coach, learn the right stuff, and you can identify these trends by yourself. Having the choice to work anywhere in the world is pretty cool, especially during times like this.
EURUSD-Weekly Market Analysis-Feb22,Wk3The higher timeframe of EURUSD on the Daily Chart is on a Bearish Trend. If you are a trend trader, you can wait for the Bearish Shark Pattern to complete on the 1-hourly chart at 1.1476 for a shorting opportunity.
What's nice about this setup is that the completion of the Shark Pattern is within the Supply Zone on the 4-hourly chart.
USDJPY - Bearish ButterflyHere we have a Bearish Butterfly Pattern on the 4-hourly chart. On the higher timeframe, we have a Bearish Deep Gartley Pattern at X that is just a few pips away from completion.
I've shorted the USDJPY because of these two combinations. Furthermore, I have an RSI Divergence on the current timeframe.
The second target has a more than 2:1 ratio.
Let's see how this trade roll out.
GBPAUD - Bullish GartleyA Bullish Gartley Pattern that I'm personally waiting for a retest at 1.8845 for a buying opportunity. Well, I could say a placing of Buy Limit Level is possible as the market has already confirmed this Gartley Pattern.
