Candlestick analysis
GBPAUD - Another Bullish SharkHowever, this is my prefered bullish shark to engage and there are 2 reasons for that.
1. At this moment, the bearish movement is still strong, it seems like it can go a bit lower before any reversal happens
2. The Shark Pattern that forms at this level coincide with the completion of the Bullish Bat, or better known as Fib3 Bat or Alt Bat Pattern at the 4-hourly chart.
3. The current Shark Pattern is the last level of possibility for a buying opportunity.
Shark Pattern can be a tricky and crafty one so if you are not familiar with it or do not have a coach who are well-versed with it, stay out of this pattern.
GBPAUD - Bullish SharkA Bullish Shark Pattern consolidate at Point D, providing a perfect buying opportunity for counter-trend traders.
Take note that tonight at 8.30pm(GMT +8), there is a US NFP, 1 of the most volatile event for this month. Hence, if you are in this trade, check at 7.30pm to see if it reaches the 1st target.
XAUUSD Short BiasThis chart is for XAUUSD 4H . The chart pattern that we have detected here shows a clear short direction ans we expect it to move downward . The test of resistance will open up the door of opportunity for a down move as we believe . After testing the defined levels ,the signal will be worth testing.
AUDCAD - Bullish Deep Gartley, StackI've engaged the AUDCAD trade on the M15 chart 0.9157 on a Bullish Gartley or a Bullish Deep Gartley Pattern to some who differentiate the two setups.
The Gartley Pattern gives me a second entry opportunity of the 4-hourly chart's Bat Pattern for a buying opportunity on the Bullish Bat.
That's why is ok to miss the trade and just be patient and wait for a second chance entry.
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$ATVI WeeklyATVI weekly presenting an idea for a swing trade. Appears to be a reversal here at good support and going into holiday bullish seasonality.
Look for at least a move up to $84 and if that line of supply and resistance breaks, volume pocket - $90 comes quick.
Stop loss $72 with a move up to $84 good R/R idea for this swing IMO
AUDCAD - Bearish CrabA bearish crab pattern may emerge and complete at 0.9240 for a shorting opportunity.
On the other hand, traders who are looking at the 4-hourly chart might have a different view. A bullish bat pattern.
This is why it is very important to follow your trade plan and stay out of the trade if you aren't certain.
I'll be checking the candle formation on Monday morning for a 3-bar reversal for a buying opportunity within the Bullish Parallel Channel and I will observe how the market will react at Point D of the Crab Pattern.
USDJPY-Weekly Market Analysis-Oct21,Wk2USDJPY is on a rather weak bullish trend, that enables trend traders to wait for a retracement to 110.65 for a Bullish Shark Trend Trading Opportunity within the Buy Zone 110.80-110.53.
There are other more aggressive trading opportunities that present on the 4-hourly chart as simple as a 3-bar reversal.
GBPUSD-Weekly Market Analysis-Oct21,Wk2Having the Weekly Support level 1.3606 turns into the Key Resistance Level, GBPUSD is set for a ride down for the foreseeable future.
I'm waiting for a shorting opportunity when the market retest 1.3606. Another shorting opportunity could be the bearish trendline that went across Point A to Point C on the Emerging Bullish Deep Crab Pattern.
EURUSD-Weekly Market Analysis-Oct21,Wk2EURUSD is on a Bearish Trend, if you are looking for an aggressive shorting opportunity, you can wait for an engagement opportunity within the sell zone within with supply level at 1.1610-1.1589.
Another shorting opportunity will be within the Bearish Channel as long as it didn't break and close above the upper channel.
USDCAD - Bullish BatA Bullish Bat Pattern has retest at X, which is effectively retesting on the support level of the buy zone. What's nice about this retest is that there is an RSI Divergence happen on the retest.
What's comforting to know is that there is an Ascending Triangle that seems to form on the daily chart.
AUDCAD - Bullish CrabA bullish crab is going to complete at 0.9171 and this gives countertrend traders an angle to look for a buying opportunity.
Should the candle break and close below 0.9171, I will be waiting at 0.9142 on the Crab Pattern HOP Level for a 2nd chance buying opportunity which comes in line with the 4-Hourly chart's Bullish Bat setup.
USDJPY-Weekly Market Analysis-Oct21,Wk1A Bearish Deep Crab Pattern is an extended setup and sometimes it doesn't give confidence for traders to look for a shorting opportunity.
However, if you look left, the completion of the Point D of the Deep Crab Pattern comes in line with the precious resistance left. May gain some confidence for the Harmonic Patterns Trader and it may encourage the structure-base traders to look to join in for a shorting opportunity.