A retest of the Bearish Gartley Pattern, especially on a Friday, presents an intriguing opportunity. Waiting for candlestick confirmation before initiating a short on the Gartley pattern aligns with a counter-trend trade strategy. This cautious approach can often mitigate risks associated with abrupt market movements. Good luck with your trade and stay...
15min and 4h timeframes following an uptrade have a potential do actually not configure a bear div/break supports. in such case we should look for bear divs developed before such developments.
after 4h bear div likely retracement chances in lower timeframes
We expect further upside on this pair, signalled by the breakout of the counter trendline. We can also see the breakout, close and retest of price above a key level further supporting our directional basis.
GBPJPY currently positions itself at the Bearish Shark Pattern. While the pattern is not yet confirmed, aggressive traders might be tempted to seize the opportunity early, either to ride the potential high or out of fear of missing the move. It's important to note that a shark pattern could offer as many as three entry points. I'm intrigued to know your trade...
Last week, I issued a warning: "it's not a good idea to short the USDJPY!" Despite months of anticipation, the bull run on USD is not yet complete. If you're still waiting for a shorting opportunity, keep an eye on the 4-hourly chart for the development of the bearish shark pattern—a potential entry point for this counter-trend trade. Now, let's discuss trade...
GBPUSD currently exhibits a Weaker Bullish Trend on the weekly chart, introducing interesting dynamics. On the 1-hourly chart, a bearish shark pattern emerges, presenting a counter-trend trading setup. Simultaneously, the 4-hourly chart showcases a bullish bat pattern within the buy zone. My preference in this scenario is clear—I favor the bullish bat pattern on...
EURUSD is currently navigating a weaker bullish trend on the weekly chart, adding an interesting layer to the market dynamics. On the daily chart, a bearish flag pattern setup unfolds, creating an intriguing scenario. Furthermore, the 1-hourly chart reveals a bullish bat pattern, while the 4-hourly chart showcases a bearish bat pattern. In the week ahead, I'm...
Hey guys! It's been over 100 days that IoTeX has been in a downtrend. This could be yet the bottom to be confirmed. We need a good breakout of the trendline to the upside with nice strong volume otherwise this could go back into ranging more for a long time or even continue falling despite the bullish bounce off this key monthly level. TRADING PLAN AS FOLLOWS:...
The Bearish Fib-3 Bat formation on the Weekly chart certainly catches the eye, particularly with the presence of a long-shadow candle. However, it's important to acknowledge that the trading setup remains unconfirmed. Waiting for confirmation may entail missing out on potential profits, to the tune of 200 pips. Here are some strategic considerations: Option...
The overall setup for EURUSD leans towards a Weaker Bullish stance. However, given the impact of Friday's NFP Candle, I anticipate a series of correction moves in the upcoming week. Therefore, I'll be ready to execute whichever trading strategy emerges. Potential Strategies: Daily Chart - Bearish Flag Pattern: The Potential Bearish Flag Pattern is...
The AUDJPY currency pair has been in a bullish trend since late March, commencing at the level of 86.065. As of the current analysis, it seems that the pair is undergoing a corrective Wave 4, indicating a countertrend phase. This correction is composed of subwave A and subwave B within the larger context of Wave 4. Presently, the pair appears to be in the process...
Upon careful examination of the chart, it's apparent that the majority of retail traders are poised for a buying opportunity, making any talk of shorting seem unconventional. Yet, a different perspective emerges upon closer inspection. Observations: I've discerned indications that suggest a contrary approach may be prudent. Trading Strategy: I'm...
If you caught my last week's analysis, along with the accompanying article on Trading View, you can dive deeper into the details by clicking the link. In my previous analysis, I emphasized the significance of waiting for the Bearish Crab Pattern confirmation on the Daily Chart before considering a shorting opportunity. Now, let's delve into why this is...
GBPUSD currently exhibits a Weaker Buy signal, accompanied by a 5-week long consolidation phase. Trading Decision Dilemma: The month-long consolidation prompts a crucial decision: Will it be a buying or selling opportunity? Buying Opportunity: For those inclined towards a buying stance, watch for the completion of the Bullish Butterfly Pattern...
The EURUSD displays a Weaker Bull setup on the Weekly Chart. Aggressive Approach: Opting for an assertive stance by seeking a shorting opportunity. Option 1: Daily Chart - Bearish Flag Pattern Waiting for a retest at the resistance level of 1.0620 before considering a short position Option 2: 1 Hourly Chart - Type 2 Bearish Deep Gartley...
USDCAD presents multiple potential opportunities, with a current focus on a shorting prospect. Weekly Chart Influence: The weekly chart displays a Double Top Retracement, guiding the overarching trading decision. Approach Considerations: While an aggressive trade might opt for an immediate shorting entry, I'm choosing a more cautious...
The overall trend on GBPUSD continues to be bullish, making it an attractive option for buyers. Long Trade Scenario: Daily Chart: A potential Bullish Shark Pattern nearing completion at 1.1937 suggests a buying opportunity. Short Trade Considerations: Personally, I'm inclined towards a shorting opportunity. Two potential setups catch my...