EURJPY - Bearish Crab retestLong waited Crab Pattern has finally been completed. I'm waiting for the retest of the Bearish Crab Pattern to decide if I'm going to head in for the shorting opportnity.
Countertrend
GBPAUD - Bearish Shark RetestOn the 4-hourly chart, we have a retest at the resistance level with an RSI Divergence.
The strategy that I plan to involve myself with in the trade is through the Bearish Shark Pattern setup that completes at 1.8065.
I've taken this trade with an aggressive approach. Trade engaged at 1.8040.
AUDCAD - Demand ZoneAUDCAD has reach the other end of the Bearish Parallel Channel, it gives counter-trend traders an opportunity to engage the trade.
On a more conservative approach, counter-trend traders could wait for a double bottom with RSI Divergence on the 1hourly chart.
What is crucial in the setup is that the candlestick shouldn't break and close beyond the blue dotted line.
GBPUSD-Weekly Market Analysis-Oct22,Wk3A Potential Bearish Shark Pattern may complete at 1.1436 and a Potential Bullish Bat Pattern may complete at 1.0634. Although I am not optimistic of the completion of the shark pattern but it is important for you to know there is such possibility.
I would like to congratulate you if you manage the engage the Bearish Crab Pattern, make sure you have shift your stop-loss to entry.
CRM daily bullish hammer super tight countertrendEntry 145.8
SL 137.35
CRM daily bullish hammer super tight countertrend quick within pinnacle.
GBPUSD - Bearish Crab retestA great shorting opportunity for me. I love to engage the crab pattern although to most traders they shy away from it.
There's a retest on this and is great to see a RSI Divergence on this bearish crab.
One of the combo I love to see is a completion of harmonic patterns within supply zone or demand zone or simply a consolidation zone.
Candlestick pattern confirmation is just as important.
p/s pls do not follow blindly
USDCAD - Structure BasedA structure-based trade could create an opening for Bat Patterns' die-hard fans. I will watch closely on the candlestick pattern formation to engage on this trade.
p/s: never follow blindly, always do your own analysis
NZDJPY - Bullish SharkA bullish shark setup on the 1hourly chart gives me an opportunity to head on this counter-trend move. Being a season counter-trend trader I know the next level of resistance is as equally important.
I will pause and see how the candlestick pattern reacts at 81.26. What I wish to see is a break and close beyond(above) 81.26.
Let's roll
p/s: do your own analysis and never fly blind!
F daily bullish hammer Order BUY F NYSE Stop 12.58 LMT 12.58 will be automatically canceled at 20230401 01:00:00 EST
F daily bullish hammer into wave C of wave 4 downtrend. Countertrend quickie.
AUDCAD - Bullish ButterflyAUDCAD also has a Bullish Butterfly. Some traders may choose 1 trading setup over the other, especially they they see some similarity among their portfolio.
Trading for 17years, I do not do that. I've witness that 1 trading setup might profit while the other might fail; or 1 ran into profit so much in advance of another.
You can check out AUDUSD under the related ideas within the link.
AUDUSD - Bullish ButterflyA potential Bullish Butterfly may form up at 0.6340, NO. By looking at the current candlestick pattern formation, it is more likely for the market to react from the current price of 0.6368.
To most Harmonic Patterns traders is a big No-No for them, but sometimes we have to execute flexibility. With that said, I will look closely at the market movement from 8-10am( GMT +8).
NZDUSD - 5-0 PatternMy money is in the Bearish 5-0 Pattern within the NZDUSD chart. That's an important trend trading setup and gives me the opportunity to ride onto the wave. But in order for the 5-0 Pattern to be valid, the Bullish Shark has to happen.
Let's wait and see how the market responds from here.
Question:
Would you engage the Bullish Shark Pattern when it forms up?
Answer:
Definitely, I will need a 3-bar reversal as usual.
EURUSD-Weekly Market Analysis-Oct22,Wk2If you had read my overall analysis(check out the Related Ideas within TradingView) on EURUSD, you might get a bit confused with this analysis. How could we look for a buying opportunity where the overall trend is bearish? In fact, we can, there are ebbs and flows of the market, so within the bearish trend, there are bullish movements within; what is important is that you have to know if you are trading with or against the trend.
This Deep Bullish Gartley Pattern has been violated, there is a break and close below of X, but with NFP(Non-Farm Payroll) just happening last Friday, I like to give EURUSD some leeway(but leaning towards not engaging it.
Some of the further movement I need to see is an immediate reversal( bullish ) with a double bottom combined with RSI Divergence.
XLU daily bullish hammer Order BUY XLU ARCA Stop 68.04 LMT 68.04 will be automatically canceled at 20230401 01:00:00 EST
XLU daily bullish hammer stop loss below, take profit at 50% Fibonacci retracement ow wave 3 downtrend. Countertrend quickie.
VZ daily bullish hammer wave 4 of downtrendOrder BUY VZ NYSE Stop 39.72 LMT 39.72 will be automatically canceled at 20230401 01:00:00 EST
VZ daily bullish hammer wave 4 of downtrend closing above local trendline. Expect push into 50% Fibopnacci retracement. Countertrend and earnings are close. Super quick.
Bullish Reversal patternThe market is on a down trend because of the lower high and the lower low then price make a higher high
And a same low confirm that price want to go up. If u like this idea like and comment for more ideas like this.
KO daily bullish hammerKO daily bullish hammer wave 4 of downtrend gotta be quick
Buy Stop 57.32 LMT 57.32 GTC
Sell Limit 59.39 GTC
Sell Stop 55.70 GTC
AMZN daily bullish hammer wave 4 of downtrendOrder BUY AMZN NASDAQ.NMS Stop 116.44 LMT 116.44 will be automatically canceled at 20230101 00:00:00 EST
AMZN daily bullish hammer wave 4 of downtrend into 50% Fibonacci retracement gotta be quick countertrend.
XLF daily bullish hammerOrder BUY XLF ARCA Stop 30.88 LMT 30.88 will be automatically canceled at 20230101 00:00:00 EST
XLF daily bullish hammer wave 4 of downtrend into 50% fibonacci retracement gotta be quick countertrend.
JPM daily RSI divergence with bullish hammer wave 4 of downtrendJPM daily RSI divergence with bullish hammer wave 4 of downtrend. Gotta be quick countertrend.
NVDA daily RSI divergence at the end of wave 5 downtrendNVDA daily RSI divergence at the end of wave 5 downtrend. Expect ABC correction or change of trend )))
NZDJPY - Bullish SharkTo those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another.
On the NZDJPY, the Shark Pattern is more direct, in and out of the setup. However, on the NZDUSD setup, there is a potential trading combo setup.
Check out the related ideas at the bottom of my tradingview post to learn more.
USDJPY-Weekly Market Analysis-Oct22,Wk1My analysis of this Bearish Crab Pattern still stands, but generally, I'm not optimistic when I see a series of consolidations happen before the completion of the Crab Pattern.
Patience is Virtue.
Let's see how this trading idea pans out.
