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Bearish Shark

Weekly Market Analysis: EURUSDA full streak of a bearish trend on the daily chart, 4-hourly chart, and 1-hourly chart on EURUSD. A likelihood of a bearish run after a potential retracement from the current price or a wait of double bottom when the market retest on the purple line would be joyous to countertrend trader. Most likely I'll be waiting for a double bottom to head in the trade by my countertrend trading nature than to shift stops to entry when market approach the next resistance level and prepare for a longer-term shorting opportunity.
Short
by RaynLim
Trade Ideas Educator: GBPJPY PennantAt this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup. If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price. What's your trade plan on this? Comment down below. Personally, I'm going to wait for a retracement on the 1-hourly chart(left) back into the buy zone and with for RSI Divergence for a long opportunity.
Long
by RaynLim
Trade Ideas Educator - AUDCAD SharkA bearish shark forms on the 1-hourly chart(left) with parallel uptrend channel indeed is not the happiest market movement when you are in the trade. What's great about this is it accompany with RSI Divergence which says otherwise on the market movement. Right now, if you have not engaged the trade you can wait for the retracement back into the sell zone on the 1-hourly chart to find your 2nd entry opportunity, that being said you have to be in before 5-0 pattern is formed. Most importantly, you should have followed my post closely so you won't miss this fantastic trading opportunity ever again. On the 4-hourly chart(right) a further uptrend extension the market may meet the bearish bat setup, another trend trading opportunity.
Short
by RaynLim
Trade Ideas Educator: NZDJPYWell, this is 1 of the most interesting setup having the 4-hourly trend setup entirely different from the daily chart and 1-hourly chart. So what is this about? Well, based on my experience, is more likely for the Top Chart(4-hourly chart) to trigger than the other. Hence, I'm waiting for a buying opportunity as a counter-trend trading move at 70.75 However, if the market did rise to 72.83 after the market gave the signal to engage a short, I will not hesitate to engage it.
Long
by RaynLim
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