XAUUSD SELL UPDATE 400 PIPS LEFT OF 800 PIP SELLOFF 9/23 XAUUSD HAS STARTED TO BREAK BEARISH AFTER A LONG RUN UP TO 2072 AREA, THE WEEKLY & DAILY WILL BE CONSIDERED SHORT TERM BEARISH BASED BROKEN COUNTER TRENDLINES AND RETESTS THAT HAVE CONFIRMED THE DOWNSIDE MOVEMENT. ONE THE 2HR WE OUR STUDENTS TO A TRADE AFTER A BROKEN A TRIANGLE TO THE DOWNSIDE TARGETING THE 1830 AREA. IF YOU MISSED THIS ORGINIAL MOVE HERE IS AN UPDATED TO SO YOU CAN CATCH THE 400 PIPS LEFT OFF THE 800 PIPS SELL OFF.
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Countertrend
Week 39: Opportunistic Short on FCPOX 2020Week 39: 21 to 25 September 2020
FCPOX 2020 analysis
Despite the bullish momentum is very strong, personally we can short FCPOX2020 with a very good Risk Reward Ratio.
We only need to risk RM24 to get RM336, that is 14R.
Again, this is a risky move as we are trading against the trend, but, this is a worth trying.
Here is my personal trade:
Sell at market now RM3,111
Stop Loss at RM3,135
Take Profit 1 at RM3,000
Take Profit 2 at RM2,900
Risk Rewards Ratio = 14R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 39: ZSX 2020 is into the Unknown Weekly analysis for ZSX2020
Week 39: 21 September to 25 September 2020
Currently the price is roaming in an unchartered territory, we have no reference on how far the price will go higher.
Instead of speculating on how high it will go, as a trader, we take decision on a signal that has a higher degree of certainty.
Therefore, we are setting a Sell Stop rather than hoping the price will go higher to unknown area.
This week, if the price hits our Sell Stop, it means the price will change it's direction.
My personal trade call:
Sell Stop: $1,034.5
Stop Loss: $1,048.5
Take Profit: $991.0
Risk Rewards Ratio: 3.48R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
EURUSD - Counter-TrendCounter-Trend Trading Opportunity on EURUSD Daily chart, so why do I short it? Well on the 1-hourly chart there is a candle confirmation and on the daily chart the uptrend movement kind of look weak to me. Looking at candle close this probably be it and I expect at least some form of retracement happening within the next few days.
Trade has already engaged as the AB=CD movement seems has completed and halted.
NZDUSD - Bearish Deep CrabCompared to his siblings, NZDJPY, NZDUSD has a better setup. Both having bearish bat pattern o the daily chart, both having bearish engulfing with a pink arrow on the 1-hourly chart but only NZDUSD has a bearish deep crab setup. Pending Order place for his trade and let's see how this trade turns out.
EURUSD-Weekly Market Analysis-Sep20,Wk3This week I'm looking for a trend reversal/ counter-trend trading opportunity on the EURUSD. In short, I'm looking for a selling opportunity. Even when there is a potential Bullish Gartley in play, I'm looking for the shorting opportunity after it has hit its target area(red box).
USDJPY-Weekly Market Analysis-Sep20,Wk2This trendline will be the deal-breaker if the market didn't break and close below the trendline, I will be waiting for a buying opportunity as a counter-trend or even a trend reversal trade. However, if the market break and close at 106.04 or lower, I will be waiting for a retracement back to 106.34 to look for a shorting opportunity for this trend trading opportunity.
EURUSD-Weekly Market Analysis-Sep20,Wk2You see there are 3 scenarios on EURUSD and all 3 I am waiting for shorting opportunity. That's because EURUSD on the daily chart there is an RSI Divergence. If the market can't break and close above the black box, I'll head in for a shorting opportunity base on the bearish flag pattern. If the market head up straight to the red box then I will be looking to sell within the preferred shorting zone(red box). Even if the market break and close above the red box, I'll be waiting at the bearish shark shorting opportunity.
AUDCAD - Bearish SharkTo dive in straight for a shorting opportunity isn't a sane action to do. A bearish candle confirmation is required before we could head in for a shorting opportunity.
There is another entry opportunity on a higher level for this Shark Pattern trading opportunity, so sit back, relax and wait for confirmation before engaging the trade.
Week 36: ZSX 20202 let's do the counter trend!Bullish week for ZSX 2020, the resistance level was breached and no sign of slowing down.
When everyone is having bullish reading, it is a good opportunity for us to Short.
I would split my call today into two sections:
If you are a scalper and speculator, now or today is a good time for you to LONG ZSX 2020.
Not much upside, but you can do a "quicky" as follows:
Buy at market which is now around $964.50
Take Profit at $975 area
Stop Loss at $960
And here is my calculated trade opinion on ZSX 2020:
Sell Limit at $975
Stop Loss at $985
Take Profit at $960
Risk Reward Ratio = 1.4R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
AUDCAD - 2nd Level of StructureWhen I first took a look at this on Friday afternoon I mentioned that I had a sneaky suspicion that the first level of structure would not hold & I would be very hesitant about looking for trading opportunities at that area. As I come back to check the charts now I see that we actually ended up violating that level before the days end.
This sets up 2 potential trading opportunities for the week ahead. If you're a trend trader you can look for buying opportunities up until the higher level of structure above. If you're a countertrend trader then the key will be to wait until price reaches that higher resistance level before looking for shorts.
Akil