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Bullish Gartley

Trading Opp. Amid Sideways WavesTrading can be exhilarating when setups let you seize chances without wrestling with the broader trend. 🚀 Let's talk New Zealand Yen – a treasure trove of potential this week, regardless of the overarching movement. Gaze upon the weekly chart, and you'll spot the bearish shark pattern, already in motion since 88.24. Kudos if you've joined the ride! I'd ride it to the first target at 84.36, where the 5-0 pattern gifts a buying prospect. Our watchword: Will the market cradle within the blue box? Turning to the daily chart, a bullish bat pattern wraps up at 84.25. And if you had the insight to short on the bearish crab pattern, cheers! Your pockets are now heavier by 212 pips, a cool 2,120 USD. Strolling through the four-hour chart, a gartley pattern is ripe for the picking at 85.56 – a splendid buying occasion. If your sights are set on shorting, that 86.73 resistance line beckons. Zoom into the one-hour chart, and another gartley at 85.92 awaits, accompanied by a bearish shark at 86.82. 🦈📊 But wait, there's more – the 15-minute chart boasts a deep gartley at 86.20. So many opportunities, all within a single currency! A sign that sideways markets birth harmonic patterns, right? But remember, clarity in strategy is key. Decide if you're hitting that first target and running, or holding on for the second despite opposing patterns. And here's the golden rule: either chart your trade in advance or find a mentor deeply immersed in the trading fray.
Long
by RaynLim
The Rollercoaster Ride of Pound AustraliaAs we approach the final week of August, brace yourself for potentially one of the most volatile periods this month. The market is signaling its intentions as I navigate my way through twelve pairs, making the selection process a challenge. Nonetheless, let's dive into the Pound Australia, and I'll even introduce two additional currency pairs for your benefit. 📊💹 Pound Australia reveals an intriguing story on the weekly chart. With new highs being set, the prospect of Pound Australia hitting 2.0000 as a significant milestone isn't far-fetched. The candle's accelerating gradient signifies a robust market movement. 🚀 The daily, four-hour, and one-hour charts echo this bullish trend with broken resistances and new highs. Despite this, you might wonder about the trading opportunity. In fact, immense profit potential lies in the development of these trades. For those acquainted with trading, conduct your own analysis on Pound Australia using UTC+3 as your timeframe to align with my insights. And if you seek clarification or wish to share your analysis, the QR code will connect you to our community of like-minded traders. 💬🌐 Returning to the weekly chart, let's unveil why Pound Australia holds importance this week. For those eyeing a shorting opportunity, the completion of the bearish crab pattern at 2.1276 is on the horizon. Although reaching this level, let alone 2.0997, may take some time, the potential is undeniable. Stretching my trade upward could yield significant rewards, with a projected 1,419 pips. However, it's not just about the pips – there's a compelling rationale behind this trade. 📊📉 On the daily chart, buying opportunities beckon when a market retracement occurs and retraces back to 1.9330. Patience is key in engaging these trades. The four-hour chart presents less at the moment unless a trendline retest triggers a definitive level, possibly in the weeks to come rather than the immediate future. 📈📉 Now, onto the exciting prospect – the one-hour chart. This week, a bullish flag pattern will unfold, offering immediate trading opportunities. Engaging this pattern involves meticulous strategy, be it through an aggressive setup with stops below 1.9808 (utilizing my secret formula), waiting for a breakout and subsequent retest, or a blend of both. While seemingly simple, the bullish flag pattern demands a well-thought-out approach to ensure your trade's success. 📊📈 In the realm of the 15-minute chart, where volatility rules, the Pound Australia might be considered insane to some. However, driven by the substantial potential rewards, I'm willing to navigate this territory. A red eclipse serves as a warning signal for the setup, but immediate buying opportunities at 1.9841 might emerge, especially on a Monday. Keep your eyes peeled for a magic candle confirmation at this level to secure a promising trade. This could be an incredible setup before wrapping up the year. 📈💰
Long
by RaynLim
Strong Bullish WaveEyes on the pound dollar chart reveal a resolute bullish trend. If contemplating a shorting opportunity, meticulous strategy testing and conservative stop-loss management are paramount. 🛑💼 Turning to the weekly chart, a pullback effortlessly rests on prior resistance, indicating the enduring strength of the overarching bullish trend. Daily chart support stands steadfast, with potential traders wary of a head and shoulder formation at 1.2831. However, personal experience dismisses this due to the prevailing robust momentum and familiarity with the pattern after 18 years of trading. 📊 Glancing at the four-hour chart, a consolidative phase presents several trading prospects, soon to be unveiled. On the hourly chart, further confirmation emerges within the consolidation phase, unveiling ample trading opportunities. 🕒 Returning to the weekly chart, analysis and strategies take center stage. Within the buy zone, prospects for buying opportunities flourish. Daily chart showcases a bullish gartley pattern on retest, inviting trading action. The four-hour chart displays a gartley pattern with a retest setup, accompanied by a prolonged consolidation period spanning 68 bars. This scenario prompts a choice between swift engagement or risk-reward patience. ⏳💰 For those aiming for counter-trend maneuvers, a shorting chance beckons at 1.2955 via a bearish shark pattern. Alternatively, a bullish bat pattern on the hourly chart, yet to solidify, offers a preferable entry at 1.2636. Trading transcends mere trend analysis, requiring timeframes, filters, and entry conditions for success. The ultimate goal is profit without undue trade extension.
Long
by RaynLim
A Ticket to Ride: A Pathway to ProfitEmbarking on this trade has the potential to unlock substantial gains. The allure of this trading setup lies in its composition: a Bullish Gartley Pattern harmonizing with RSI Divergence. This synergy is reinforced by the prevailing weakness of the JPY. This confluence presents a promising opening, notably amplified by the market's respect for the support level. Concerns about the Potential Reversal Zone (PRZ) being breached can be allayed. The candle that appeared to challenge it, in fact, constructs a Pattern Excursion Zone (PEZ). In simpler terms, think of it as a "Covered Support." As the name implies, this indicates that support remains intact – in this case, the PRZ remains unviolated. In this endeavor, strategic planning is paramount: Plan Your Trade & Trade Your Plan. 📈📊 #TradingOpportunity 📉 #ProfitPotential 📈 #StrategicPlanning 📋 #MarketInsights 🌐
Long
by RaynLim
1
Immediate Trading OpportunitiesAustralian Dollar Starting with the weekly chart, consolidation is evident. On the daily chart, a retest of the previous support within the consolidation. A four-hour chart shows an RSI divergence—a gem for counter-trend traders. The one-hour chart mirrors this setup. Reading trend movements with precise filters is pivotal to distinguishing buying from selling opportunities. 🔍 Weekly Chart Insights 🔍 A Gartley pattern is brewing at 61.67 on the weekly chart—a potential buying level. Transitioning to the daily chart, a retest of the Gartley pattern hints at earning extra income. The RSI divergence adds confidence. Conservative traders should wait for candlestick confirmation before proceeding. 📊 Four Hour Chart Dynamics 📊 An ABCD pattern on the four-hour chart presents a trading opportunity. Prudence calls for awaiting additional confirmation. 🕒 Timing the Trades 🕒 My focus leans towards the four-hour chart. I aim to engage around 9:00 AM Singapore time when candlestick formations provide supplementary confirmation.
Long
by RaynLim
4
Riding the Bullish Tide on Pound-Dollar Hello traders! Let's delve into the Pound-Dollar landscape and identify potential buying opportunities. 🇬🇧💱 📊 Weekly Chart Insights 📊 The bullish trend on Pound-Dollar persists, presenting a potential buying chance this week. On the weekly chart, the market retraced to the previous support level, respecting it at 1.2632. This could be a zone to watch for potential buying. 💡 Daily Chart Observations 💡 While the daily chart may seem like a potential head and shoulders setup, I personally refrain from this trade as it doesn't align with my filters and rules. Nonetheless, consider a buying option around 1.2608 if you're inclined. 🔄 Navigating Consolidation 🔄 A closer look at the four-hour chart reveals consolidation. This scenario can be advantageous for traders on lower timeframes like 1-hour and 15-minute, who can seek counter-trend opportunities or harmonic patterns within this zone. 📊 Charting Strategies 📊 Returning to the weekly chart, remember the key buying zone lies between 1.2595 and 1.2632. Respect for the 1.2595 level is pivotal. On the daily chart, a Gartley pattern surfaces, but I lean cautious due to an elongated shadow. ⚙️ Refining Entries ⚙️ For those seeking confirmation, explore the four-hour chart's retest for an improved entry and tighter stop loss. Conversely, a bearish Gartley pattern at 1.2838 could entice shorters. 🔍 The One-Hour Chart 🔍 Keep an eye on 1.2735 on the one-hour chart—a countertrend opportunity in line with higher timeframe trends. Approaching the sell zone, an opportunity might emerge.
Long
by RaynLim
Euro-Dollar vs Pound-Dollar: Why Choose🌐 If I had to choose between Euro-Dollar and Pound-Dollar, I'd trade both! However, let's focus on Pound-Dollar for now. On the weekly chart, it's still on a bullish continuation that started earlier than Euro-Dollar. 💹 Lower Timeframes: On lower timeframes, we have a buy zone and a counter-trend trading opportunity. This gives us various entry points for trading. 📊 Weekly Chart: The buy zone ranges from 1.2593 upwards. Daily Chart: A bullish gartley pattern has already formed, offering an immediate buying opportunity for aggressive traders once the market opens. Remember to set stop-loss, targets, and be aware of warning signs. 📈 Four Hour Chart: Another Gartley pattern suggests waiting for a retest at 1.2669 for a second chance entry opportunity. One Hour Chart: A head and shoulder formation indicates a possible pullback before engaging in a bullish shark pattern at 1.2697. 🎯 When trading, keep an eye on the 1.2700 level. A strong bullish run might occur, or if it breaks below 1.2700, a bearish movement could ensue due to stops placed beneath the buy zone. 💼 If you're intrigued by this type of analysis, have fixed rules, and know which direction to focus on...
Long
by RaynLim
Unleash the Bullish Potential on GBPUSD!📍 Don't miss out on the ongoing bullish trend – a perfect opportunity for trend traders! Wait for confirmation before entering the market. 💪 ⏱️ Spend just 15 mins a day for lucrative trades! Join our community to learn effective strategies. 📚👥 📉 For counter-trend traders, keep an eye on the harmonic bat pattern at 1.2951 for a potential shorting opportunity. You need to be familiar with the rules before engaging the trade 📊 Trend Traders we have the Bullish Gartley Pattern at 1.2652 and Bullish Deep Crab Pattern at 1.2477, wait for buying opportunity only after confirmation. 🎯 Pro traders might be waiting for a buying opportunity within the buy zone between 1.2854 to 1.2593. Aim for the first target at 1.3092 for long-term gains. 🎯 💡 Master the art of reading trends and trade with confidence. Set alerts and enjoy your free time! 💰💫 👉 Follow my only account @raynlim for daily insights and trade ideas. 📈💡
Long
by RaynLim
Trend Doesn't Matter!!I'm not saying that trend isn't important, but on this particular trade, it is NOT. And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign. My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the actual move. Why this Crab Pattern? It coincides with the Bearish Shark Pattern on the Weekly Chart. If you want a buying opportunity, a magic candle confirmation 87.21 on the 1-hourly chart will allow you to engage the trade. Gartley Pattern is the first pattern that was discovered. What makes this Bullish Gartley Pattern interesting is that the completion falls on the Key Support Level on the Daily Chart, marked as the Blue Horizontal Line, indicating a Key Support Level. This is both amazing and disturbing to see for both traders. What's your take on the NZDJPY?
Short
by RaynLim
1
Identify Trend, FastThis is how I've identified the GBPUSD is going higher than most traders. If you look at the weekly chart, you would have spotted that the candle broke and close above the previous high; that gives me a sign even before it broke the current structure, and I've been saying that for over a month now. I'm focused on getting the buying on the buying opportunity. There are 2 buying opportunities I'm focusing on. A retest on the trendline on the daily chart is needed would be the magic candle confirmation. A Bullish Gartley Pattern trading setup that confirms at 1.2673. What are your thoughts on the GBPUSD?
Long
by RaynLim
Best of Both WorldsMy long-term bias on Dollar Appreciation had not ended, however, that doesn't mean I can't short the Bearish Crab Pattern that was completed at 140.42. If you had traded this, it would have given you 106pips(approx. 1,060usd/lot) of running profits. If you are like me, having the bias to long the USDJPY, the Bullish Gartley Pattern that completes at 137.84 could provide you with such a trading opportunity. Either way, the M.C confirmation has to appear in both situations.
Long
by RaynLim
Unveiling the Ultimate Trading Setup of the Week: Don't Miss OutAs some of you may recall, I've been seeking a buying opportunity on the AUDCAD for the past few weeks. My motivation for this is the Bullish 5-0 pattern setup that has formed on the Weekly Chart. I've been exploring various avenues to enter into this buying opportunity, and currently, two options are available. Firstly, we can wait for a candlestick pattern trading setup to appear on the Bullish Gartley Pattern for a buying opportunity (left). Alternatively, a Bullish Deep Gartley Pattern on the 8 range bar chart (bottom right) could provide the trading setup for us to engage the trade.
Long
by RaynLim