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Askforex100

GBPUSD-Weekly Market Analysis-Aug21,Wk1An emerging bullish bat is about to form within the buy zone(blue box) is usually a great setup for a buying opportunity I will engage. However, this setup wasn't the Grade A setup and that is because Point C is a double-top, for such a setup it poses a threat of a break and closes beyond Point D completion. As a thinking trader, I will be waiting for a candle confirmation at Point D, before engaging the buy trade, and even better, if the market retraces back to 1.3950 before the Bat Pattern completion, I will head for the shorting opportunity.
Long
by RaynLim
1
USDJPY-Weekly Market Analysis-Aug21,Wk1A Bullish Deep Gartley Pattern is about to emerge on the USDJPY 1-hourly chart. If you are a support and resistance trader, you might be looking for a buying opportunity at 109.41. What's more important is to wait for the candlestick confirmation before engaging on that trade. There is at least 1 harmonic pattern on each timeframe I'm trading at, the 1-hourly chart, 4-hourly chart and the daily chart. Are you able to spot all of them? Share your analysis on the comment box.
Long
by RaynLim
EURUSD-Weekly Market Analysis-Aug21,Wk1If you have missed the buying opportunity that I spoke about last week, you missed 127pips of potential profits, which is 1,270USD/lot traded. It is better to get a Coach, especially for this kind of thing in life. If you are looking for a buying opportunity, you can look at 1.1838 for a buying opportunity on an Emerging Harmonic Pattern, a Bullish Shark Pattern. If you are looking to short towards the shark pattern, make sure you know what you are doing and the area that makes that possible is between 1.1877-1.1894. Which side of the trade will you be taking?
Long
by RaynLim
1
USDJPY-Weekly Market Analysis-Jul21,Wk4While there are a lot of trading opportunities using the Harmonic Patterns on USDJPY, but what actually standout will be the trendline buying opportunity. As long as the market didn't break and close below the 4-hourly chart's trendline(to be more precise, not to close below 109.53), I will be looking for a buying opportunity on this pair and my 1st target will be at 110.63. That is also the level that I'll be shifting my stop-loss to entry{SLE}.
Long
by RaynLim