CADJPY - Bearish SharkCADJPY has been giving us an amazing trading experience. Once again, another Bearish Shark Pattern has formed up. What's different from this setup is that the 4-hourly candle has broken and closed above X. This is something that you shouldn't treat lightly.
You can head to the lower timeframe and wait for a Double Top setup with RSI Divergence on the 1hourly chart. That should significantly reduce your initial stop-loss providing and reward of up to 5x.
Combo
EURJPY - Bullish FlagLast week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit.
If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity.
Well, there is a Potential Bullish Flag setup complete at 127.46, that's the price you can wait for a retest combined with a 3-bar reversal to head in the trade.
If the market break and close below that level, you can wait for the Bullish Shark Pattern setup on both 1hourly and 4hourly chart setup.
USDJPY-Weekly Market Analysis-Mar22,Wk2On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the TradingView post)
There is a possibility to earn the 103pips movement by reversing the trade. I will wait for a double bottom with RSI Divergence on the 1-hourly chart before engaging the trade.
Any idea why that is important?
Comment down below.
CADJPY - Head and ShouldersDo you remember we spoke about this trade how the Area of Concern(AOC) is important and how we could expect a Head and Shoulders trade setup?
(refer to the link, under the TradingView and study how I got the analysis)
Here we go, guys. What is your trade plan from here?
This could be a Combo trade, a term I've come up with to share the possibility of stacking trading ideas on 1 another.
USDCAD - Bullish GartleyAs you can see there are 2 Harmonic Patterns that have the same potential of forming up. Although the Bearish Shark Pattern is about to complete, however, my trading bias is on the Bullish Gartley Pattern.
You may wonder, "Why the Gartley Pattern rather than the Shark Pattern that's going to complete?"
Well, the reason is simple, having the Bullish Gartley formed, it can create a trading combo on the 4-hourly Bullish Flag Pattern. Is that simple.
That gives me the lowest risk and highest return possible.
USDJPY-Weekly Market Analysis-Feb22,Wk3If you had not read my post at the bottom, most likely you had missed the Bearish Butterfly Pattern that already gave 69pips of profit on the first target and just visually a bit shy away from its second target that has the potential to bring another 114pips of profit.
It is important that in trading, we never, ever, ever chase the trade. However, we could wait for the market to retest back to the consolidation zone in hope of forming a Bearish Bat Pattern or a Bearish Gartley Pattern for us to hop right into the trade or to have an add on of our trade.
There are three things that a trader needs to have. First He or She has to be able to read the trend, secondly, the ability to plan the trade execution and lastly to have the patience to wait for the setup to complete.
GBPUSD-Weekly Market Analysis-Feb22,Wk3Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run.
If you had missed those waves, don't miss them again! You might have a chance to engage the trade on the Bearish Gartley Pattern, if you manage to trade the Deep Gartley Pattern, it happens to be at the Entry Zone, better known as Type3 Shark Pattern. Trade like these I call these trade the Combo. You have the option to engage in trade with minimum loss and maximum profit potential.
The key to this is the knowledge to identify if the Combo Trade is possible.
You have to know that a potential bull flag is going against you on the 4-hourly chart after these runs.
Get a coach, learn the right stuff, and you can identify these trends by yourself. Having the choice to work anywhere in the world is pretty cool, especially during times like this.
COMBOUSDT !Everything is illustrative .
Everything is illustrative. a very specific pattern . Personal analysis is dear friend
Bear Boy BotFollow up on the previous bull chart. Lower frame next. See those zones just leads into one and another making bull and bear setups in process. Practice precision entries and proper risk management. Paper trade first to make the infamous “i hesitate” fear go away. If you know by paper trading that your system works then you wouldn’t hesitate to pull the trigger. Its all about management. Business first hand. Be aware of price action.
$XAUUSD #GOLD consolidation expected$XAUUSD has reached a weekly local TOP here on a 9 Sell setup combined with a C21 combo countdown.
Wave 5 is also in progress but it is too early to confirm its completion.
Positive elements for a bullish continuation
- The most recent Sell SETUP 9 resets the previous countdown since its size is between 1 and 2.618 the previous TD Sell Setup.
- Still no signs of weakness on the MATHR3E REI indicator (overbought territory/above 40).
- No clear divergence on the RSI indicator to anticipate the end of wave 5.
For the moment, a lateral consolidation is to be preferred over a reversal.
This could last until the end of the year.
Best!
MATHR3E
NZD/CHFThere is some NZD and AUD news drivers this week. Forgive the messy chart. But NZD/CHF measures and counts out to be doing a large 7 swing structure going down. I posted the 4 hr yesterday I believe (I will post another close up look). We got a small correction up that seemed to be correcting itself down running into my 50% weekly pitchfork line, and a w-x-y pattern (which it looks like it is making) should most likely brig it up to trend line. If this is a corrective move, then the next sell would be your swing 7 and the long one, which would finish out the overlapping combo patterns trend fib wise, giving you your 50-62% retrace of the full move up on the weekly. This would basically have Nchf correcting up to meet the 200 and 800MA on the daily, then running it back down to fork.
NZD/USD waiting for a sign Considering the way that NU went down in this pattern (corrective), I am on the lookout for a buy setup from this spot. Especially because it went down in similar fashion on the larger scale and did not break the low. If dollar retraces, NU may be a VERY nice buy. It is even possible it goes up much further, but we need a buy setup... It never truly confirmed a sell setup, just corrected. AU was different.....