GBPUSD - Bullish SharkA Bullish Shark counter-trend setup is great for counter-trend traders. Although this trade doesn't have great structure-based support, the Reward is to Risk Ratio is healthy.
I'm in, will you?
Candlestick analysis
NZDJPY - Bullish BatA Bullish Bat Pattern is going to form and emerge at 76.31 as a counter-trend trade, but do you know that it is also a pull back from the daily chart after the market has double bottom?
Between this and the EURJPY ABCD setup, I would prefer the NZDJPY trading setup.
Which do you prefer?
Comment down below.
EURJPY - 2618 PatternA 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone.
As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
GBPAUD - Bullish Bat checkedbackI'm waiting for a Bullish Bat Pattern checkback at 1.8824 for a buying opportunity.
Based on this timeframe it will be consider as a sideway market.
The Power of DojiA Doji is created when the open and close for a price are virtually the same. Doji tend to look like a cross or plus sign and have small or nonexistent bodies. From an auction theory perspective, Doji represent indecision on the side of both buyers and sellers. Everyone is equally matched, so the price goes nowhere; buyers and sellers are in a standoff.
When it comes in a downtrend it act as a reversal pattern so we know that the bears power is weak, and bulls start to take control thus the price will go up and the trend will be up , when it comes in an uptrend the bull power is weak , bears starts to take control and price will eventually go down . But in technical analysis you cant enter a trade only from one sign so you should know you Support and Resistance area, draw your trend lines, use some indicators, and when you see the Doji know you know its the perfect time to execute the trade.
NZDJPY - Structure TradeIf you are an aggressive trader, you might probably have shorted this pair. If you do, stops will go above the tip of the red box that is seen as the sell zone with buffer and the first target will go to the immediate structure close.
A good 1:1 for target1.
GBP/USD Trade Analysis, Downtrend may continueDisclaimer:
Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
Daily Analysis:
Recently you can see that price has been on a pretty steady downtrend until reaching the area of 1.32000, the price was not able to break this zone with the initial push. When the price got out of this consolidation, instead of continuing downwards, it had a very hard time breaking this zone and made a good push to the upside. At this point in time, the bulls had a lot of momentum and showed little to no weakness until they reached the 1.37500 area, you can see that the downtrend from before (Green Line) is well respected even with this much momentum. This could mean that the bulls finally reached a breaking point and are starting to show weakness, which could continue this potential downtrend in the near future. You can even see a pin bar and two bearish candles with a third one forming right now, this just confirms it even more that there are no more bulls in the game right now. We still need more confirmation from the lower time frames to get into a trade, but things are looking like the bears will be taking the spotlight this week.
Hourly Analysis:
We can see that price all throughout today kind of consolidated but is finally making a big move to the downside. This could be a potentially good trade and even a good time to get into the trade due to the upcoming volatility brought along with the EU Trading session. If this current candle can keep that momentum for the final few minutes, this could be a good confirmation candle. Even though everything is looking very good at this point I am going to risk very little on this trade until I get more information by tomorrow morning.
CADJPY - Bearish SharkAn Emerging Bearish Shark Pattern completes at 91.84 for a shorting opportunity. It seems too early for this setup but I've chosen to share this because of its potential Shark Pattern completion on the Daily Chart which comes close to the completion of the 1-hourly chart pattern.
USDCAD - Bearish Bat checkbackUSDCAD has one of the best setups for the week. Aggressive Traders can consider shorting the Bearish Bat Pattern as a Trend Trading Strategy. Conservative Traders can wait for the market to pull back to 1.2562 for a shorting opportunity on the Bat Pattern.
If you are adventurous and you are familiar with the USDCAD movement, you can even stretch the final target towards the completion of the Bullish Shark Pattern on the Daily Chart.
USDJPY-Weekly Market Analysis-Jan22,Wk3USDJPY has the most complex trading strategy for the week. I'm waiting for USDJPY to complete it's Bearish Shark Pattern within the intraday chart, 15minutes timeframe and I will short the Shark Pattern and have my final target stretch towards the completion of the Bullish Bat Pattern on the 4-hourly Chart.
If it is too much for you, just take the usual target.
GBPUSD-Weekly Market Analysis-Jan22,Wk3Do you remember that last week, I've shared with you the Gartley Pattern on GBPUSD is not going to bring us profit?
That's possible if you understand how to read the candle movement and be familiar with Harmonic Patterns and its hidden move.
We have a potential Bullish Bat the forms within the Buy Zone of the GBPUSD.
I'll be waiting for the candle confirmation to execute the trade.
Check out last week analysis within the related ideas in TradingView.
EURJPY - Bearish BatA Bearish Bat Pattern has been completed in EURJPY. I'm waiting for a market retest at 131.26 for a shorting opportunity. What's nice about this trading setup is that the completion of the bat pattern is at the right shoulder of the previous Head and Shoulders formation.
Manage to spot it?
EURUSD-Weekly Market Analysis-Jan22,Wk2A Happy New Year to you. Yes, we are back on our Weekly Market Analysis, how have you been?
EURUSD on the 4hourly chart we have a Bearish Gartley Pattern that will be good for a shorting opportunity as the candle respected the PRZ zone of the Gartley Pattern more than the 1 that form in the GBPUSD. Check the comments at the bottom of TradingView for quick access.
However, breaking and closing above the red line or X for the conservative traders, and that will change our perspective and may not trade the Harmonic Pattern as the ascending triangle got back on track.
I'm waiting for market open and will engage the trade 2hours after the market open. If the market gap up, I will forgo the trade.
good chance i think.here you can see a resversel sign at this round number area..
and if you look left,soo strong sellers enter the market.
but this time onle few sellers entered.
so buyer at this area are soo strong.
and we are in a major up trend.
so i think market will go more up.
if you see a bullish engulf candle we can be more confident.
AUDCAD - ABCD PatternAn ABCD Pattern has formed. If you have missed it and would like to engage the trade, you could wait for a retest at 0.9075 for a buying opportunity.
AUDUSD - Bearish Shark (9Jan2022)Compare to EURJPY, AUDUSD has a better Shark Pattern formation and that is because the Bearish Shark Pattern forms within the previous consolidation zone which is also known as the sell zone or the supply zone.
I'm waiting for the candle pattern confirmation at 0.7214.
You can check out the EURJPY Shark Pattern under the related ideas within the tradingview post.
EURJPY - Bearish Shark (9Jan2022)A Bearish Shark Pattern emerge on EURJPY at 131.63. Have you spotted the possibility of a Bullish Shark Pattern within the same chart? This makes EURJPY an interesting currency pair to trade.
I will wait for candlestick confirmation to engage this trade.
What's your trade plan?
USDJPY-Weekly Market Analysis-Jan22,Wk2A Bullish Gartley Pattern could be a buying opportunity for many, however, I will wait for a confirmation signal, at least a reversal candle before engaging the trade.
What concern me is the candle formation on Friday close. I may engage the trade as early as 2hours after the market open on Monday.
AUD/USD Broken Ascending ChannelAUD/USD 4hr trendline break, in this ascending channel price hit trendline 3 times before it broke. Will be looking for a full retest to last swing high or even trendline than candle play for a possible short-setup. What are your thoughts on this play?
NZDUSD - Bearish BatLet's see how this trade's going. A potential Bearish Bat Pattern on NZDUSD. Depends what time it form as tomorrow there's a NFP.
GBPJPY - Bullish SharkBullish Shark Pattern complete at 155.85 for a buying opportunity and base on structure, it is viewed as a trend trading setup.
$TSLA Bearish Spinning Top candle falling back on the 50 EMA$TSLA Bearish Spinning Top candle falling back on the 50 EMA after being rejected by resistance
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