USDJPY-Weekly Market Analysis-Oct21,Wk1A Bearish Deep Crab Pattern is an extended setup and sometimes it doesn't give confidence for traders to look for a shorting opportunity.
However, if you look left, the completion of the Point D of the Deep Crab Pattern comes in line with the precious resistance left. May gain some confidence for the Harmonic Patterns Trader and it may encourage the structure-base traders to look to join in for a shorting opportunity.
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GBPUSD-Weekly Market Analysis-Oct21,Wk1On a bigger picture, GBPUSD is also on a sideway bounce setup but what it is very different from EURUSD is that GBPUSD respected the structure better than EURUSD and GBPUSD is at its Weekly Support Level.
Traders who are looking to short GBPUSD can wait for a Bearish Shark Pattern complete at 1.3790 for a shorting opportunity as a trend trading trade.
GBPJPY - Bearish SharkA Bearish Shark Pattern as a countertrend trade form up on both GBPJPY and EURJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups.
Comparing the 2, EURJPY would be a much-preferred pair as it forms upon structure. We have also learned that cherry-picking don't do us much good. I'll engage both trading setups.
I'll include the link to the EURJPY for your reference.
EURJPY - Bearish SharkA Bearish Shark Pattern as a countertrend trade form up on both EURJPY and GBPJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups.
Comparing the 2, EURJPY would be a much-preferred pair as it forms upon structure. We have also learned that cherry-picking don't do us much good. I'll engage both trading setups.
I'll include the link to the GBPJPY for your reference.
CADJPY - Bearish BatIt is not something new that you have a bullish setup on the USDCAD chart and a bearish setup on the CADJPY chart. This meant 1 thing, the Canadian Dollar, CAD, is on the move.
If both setups is valid, I will engage both and not cherry picking.
Any idea why I'll do that?
Comment down below
If you like to check the USDCAD chart, the link is at the bottom.
AUDCAD - Bullish Deep Gartley @ XA Bullish Deep Gartley Pattern complete at X might be a Harmonic Pattern that traders may forego. Well, for me this is 1 of the best setup as I got the lowest risk possible and highest return.
And to make things even better, I've engaged a single target short with 2unit when the candle break and close outside of my channel as a potential bearish flag formation.
In a way, this trade is risk-free for me. If you decide to engage the trade, you have to observe how the candle react when it approach this region.
USDJPY - Bearish BatA Bearish Bat setup for a Harmonic Patterns as a trend trading trade. I didn't shoot this to my trade ideas community because there is some form of risk on this setup.
The long shadow candle or a pin-bar that was highlighted with the yellow eclipse is the reason that probably you shouldn't engage in this trade.
But I'm getting adventurous today, because base on structure, it is telling me that the buyers can't keep it at the level and close low, which in turn show a pretty strong bearish candle.
AUDUSD - Bullish Crab checkedbackSome of our traders have tasted the profit from our 1st trade(check out the link at the bottom), well, it's not unique for a crab pattern to retest and offer us a second chance entry, let's see how's 1000(UTC +3)/1500(GMT+8) candle close for me to decide if this is a valid trade.
GBPJPY - Bullish BatA Bullish Bat Pattern may complete at 151.78 for a buying opportunity within the buy zone. The earliest time it can be tradable will be at 11 am (+8GMT).
Yes, there are lots of filters that most traders aren't aware of, and it's not a comparison on its execution of Harmonic Patterns reaction in the Forex Market VS other markets.
GBPUSD-Weekly Market Analysis-Sep21,Wk3There are a couple of trading opportunities in the GBPUSD even only in the 1-hourly chart, I'll give you a few possibilities. A retest on the resistance line(red line) and if the candle didn't break and close above the red line, you can wait for a shorting opportunity.
If the market retest at 1.3769, we have a Bullish Shark buying opportunity within the buy zone.
EURUSD-Weekly Market Analysis-Sep21,Wk3Last week, I've shared with you a Bearish Shark and Bearish Crab Pattern. If you have engaged the trade, that would give you 83pips of profit, which is 830USD/lot traded and you have not reached the first target yet.
If the market retest 1.1800, that is an opportunity for you to engage for a shorting opportunity.
I will be waiting for a double top when the market retest at 1.1776-1.1750 for a buying opportunity.
AUDUSD - Bullish CrabA Bullish Crab Pattern completes and forms at 0.7353 for traders who are looking for a buying opportunity as a trend trader. Crab Pattern usually consolidates and retest a couple of time before it took off, but after the 1000(UTC+3) candle close, I believe it will just take off.
For conservative traders could be waiting for a double top retracement to the 61.8% zone, represented by the red box for shorting opportunity. The Conservative target for target 1 will be 0.7353 for them to shift stops to entry.