Get started

Askforex100

GBPJPY Trading Plan: Bullish Inverse Head and Shoulders PatternIn our GBPJPY analysis, we are observing a potential short-term buying opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bullish Inverse Head and Shoulders Pattern 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Entry Point: Trendline retest (Blue) - Caution: A close below the right shoulder would invalidate the setup. This setup presents a unique aspect with its slanted neckline. While the longer-term bias may be towards shorting GBPJPY, the short-term focus is on a potential buying opportunity. Feel free to share your insights, and let's navigate this market together.
Long
by RaynLim
USDJPY Trading Plan: Fib-3 Bat Pattern Retest and Bullish ButterIn our current analysis of USDJPY, two distinct trading opportunities emerge: 1. Fib-3 Bat Pattern Retest: - Timeframe: Weekly Chart - Setup: The Fib-3 Bat Pattern type2 on the weekly chart has already provided a profitable opportunity, and a retest is anticipated. This pattern has previously yielded a substantial 903 pips in 13 weeks. 2. Bullish Butterfly Pattern: - Timeframe: 1-Hourly Chart - Setup: A Bullish Butterfly Pattern on the 1-hourly chart, with an entry point identified at 148.78. These setups reflect a mix of longer-term and shorter-term trading strategies. Share your thoughts and engage in discussions to enhance our collective understanding.
Short
by RaynLim
GBPUSD Trading Plan: Bearish Deep Gartley PatternLet's discuss the trading plan for GBPUSD, and it revolves around the recognition of a Bearish Deep Gartley Pattern. This pattern, once confirmed, provides an optimal setup for a shorting opportunity. Here's the breakdown: 1. Trading Setup: Bearish Deep Gartley Pattern. 2. Price Reversal Zone (PRZ): Awaiting confirmation at 1.2725. Once the PRZ is confirmed, signaling the completion of the Bearish Deep Gartley Pattern, it opens up a potential shorting opportunity. Feel free to share your thoughts and engage in a discussion on this trade plan.
Short
by RaynLim
EURUSD Trading Plan: Bearish Shark Pattern on 4-Hourly ChartLet's delve into the EURUSD trading plan for the upcoming period. The weekly chart suggests a weaker bull trading setup, signalling a bullish trend with some weakening. However, the four-hour chart paints a different picture, displaying a bearish trend. Here's the comprehensive trading plan: 1. Weekly Chart: Indicates a weaker bull trend. 2. 4-Hour Chart: A Bearish Shark Pattern is anticipated to complete within the sell zone at 1.0874, presenting a potential shorting opportunity. Given the bearish trend identified on the four-hour chart, the focus will be on the Bearish Shark Pattern for a potential short trade. Share your thoughts and insights on this trade plan!
Short
by RaynLim
Combo Trade OpportunityAn amazing Bearish Fib-3 Bat with RSI Divergence has surfaced on the CADJPY 1-hourly chart. While some may see this as a great counter-trend trading opportunity, others might interpret it as a warning sign and choose not to engage. But here's the twist - it's a Combo Trade. On the Weekly Chart, there's a Bearish Shark Pattern Retest, accompanied by a Type2 Bearish Gartley Pattern. What's your take on CADJPY? Share your trade plan for CADJPY in the comments below!
Short
by RaynLim
Combo Trade Strategy for Potential Head and ShouldersThe USDJPY's Weekly chart is showing signs of a potential Head and Shoulders formation. While engaging directly on the weekly chart might be considered risky, what if we use a Combo Trade Management strategy? There's a Bearish Shark Pattern on the Daily chart, and we might witness a formation of a Bearish Deep Gartley Pattern on the 1-hourly chart, providing a counter-trend trading opportunity. Which of these trading opportunities do you prefer? Share your thoughts!
Short
by RaynLim
Potential Head and Shoulders & Early Trading OpportunitiesUSDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan: 1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart: - Patient approach for a comprehensive setup. 2. Early Trading Opportunities on 15-Minutes Chart: - Spotted Bearish Bat and Bearish Gartley Patterns. - Potential for quicker engagements on shorter timeframes. Stay vigilant and let's discuss your insights on this evolving USDJPY scenario!
Short
by RaynLim
Waiting for ConfirmationIf you're seeking shorting opportunities on EURUSD, I've got two potential setups for you. Remember, always wait for candlestick pattern confirmation before making your move. Bearish Shark Pattern: Look out for completion at 1.0917. Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish trendline. Be patient and let the market confirm the patterns. Share your thoughts and trade plans on EURUSD below!
Short
by RaynLim
Levels to WatchIn the world of trading, never underestimate the power of key support and resistance levels. These levels often become the battleground for market movements, forming a Sideway Bounce Trading setup. On my radar for AUDCAD: - Buying Opportunity: Watch for potential long entries at 0.8931. - Shorting Opportunity: Keep an eye on the chance to go short at 0.8982. This trade strategy remains active as long as the support and resistance levels hold. Share your insights and trade plans on AUDCAD below!
by RaynLim
Multi-Pattern Analysis - A Comprehensive ViewMonths ago, I shared insights into the impending Bearish Fib-3 Bat Pattern on the weekly chart, offering substantial profit potential (over 10,000 USD/lot). Check the detailed analysis within the TradingView post. Presently, my attention is drawn to a potential Head and Shoulders formation, indicating a shorting opportunity of more than 1,000 pips on the weekly chart. However, for those seeking a buying opportunity, observe the Bullish Shark Pattern completing at 143.71. My stance: Bearish in the short-term, Bullish for the long-term. Share your thoughts and trade plans below!
Short
by RaynLim