AUDUSD - Bearish Bat Completing higherWith the good news coming from the US-China Trade war, AUDUSD bounced off the lows.
Expecting the pair to head higher towards the Bearish Bat completion
Forex100academy
Gold - Bat Completion lowerQuite a number of my participants in my last event in Bangkok was asking about Gold
I have not been trading gold much these days, hence I am taking a look at it today.
I would expect to see more downside for Gold, towards the Bullish Bat Pattern completion at around the 1418 levels
CADCHF - Bearish Bat Pattern - Type 2CADCHF reacted to a Bearish Bat Pattern and and retraced back to the highs for a Type 2 entry
EURUSD-Weekly Market Analysis-Oct19,Wk1Bullish Crab setup for a buying opportunity on a bullish crab setup. Waiting for a bullish retest within the buy zone(blue)
AUDUSD approaching Buy ZoneThere is a larger Bat pattern on the pair. We are potentially forming PtC of the pattern, supported by the Buy zone.
Potential long at the Buy Zone to trade the CD Leg
GBPUSD-Weekly Market Analysis-Sep19,Wk3A bearish shark setup for a selling opportunity in this trend trading setup. A shark pattern can have up to 3 entry price so is important that you have learned it right.
I may not engage directly and need further confirmation. Before market close GBP related pairs appreciate across the board, have to have some read up on Brexit related news to check on the development.
Is either you pay a little to a good coach or pay a hell lot to the market and you may not figure it out, your choice.
EURUSD~THE BIGGER PICTURELike I Will Always Say... Looking At The Bigger Picture Is Key..!!!
For All Those Following My Projections Since This Month Started...You Can All See How EURUSD Rolled Out Smoothly As Projected...
Now The Question Is Will Go As For As Hit Our Support Below @ 1.09260.?
If We Have A Pullback...It Should Run Up To 1.10769 Resistance Before Dropping Back Down... LOOKING AT THE BIGGER PICTURE..:)
The Answer Is Yes...But Might Take Some Time To Get There But Eventually It Will..!!!
See All Projected Areas Has Been Reach... No Need To Rush Or Chase The Market... Always Allow The Market To Come To You..:)
More Update To Come..!!!
Trade Ideas Educator: USDCAD I-H&SAn inverted head and shoulders, not your typical head and shoulders. I love to trade in advance of such setup so, in my term, I have missed the setup, so what's most likely going to happen to me is waiting for 1 if the bullish harmonic patterns set up on the 1-hourly chart for a buying opportunity.
Trade Ideas Educator: NZDJPY TrendlinesOn the daily chart, is a nice bearish engulfing after a magic candle(indecision candle) for a selling opportunity and it closes within the sell zone(pink box).
Although on the 4-hourly chart(left) the candle break and close below the trendline, it still rested above the sell zone box show insufficient weakness on the market.
Having this conflicting market signal, you can:
1) choose not to engage the trade
2) wait for further confirmation ie:
i) close and break below the sell zone then engage
ii) a retracement after a strong bearish engulfing the short
iii) a bearish harmonic pattern to engage for a shorting opportunity.
The choice is yours.
USDJPY-Weekly Market Analysis-Sep19,Wk3Missed the bullish bat and ABCD pattern on the daily chart? Then missed the base of bullish bat, a retracement of the bullish bat, deep Gartley, ABCD pattern or rather uptrend bounce(my course content) on the daily chart?
No worries, anther bullish bat setup on the 1-hourly chart for a buying opportunity and hope you won't miss it again.
EURUSD-Weekly Market Analysis-Sep19,Wk2A bearish Gartley setup for a shorting opportunity as a trend trading opportunity in the coming week. If this is a go, most likely is happening on Monday then any other days.
Trade Ideas Educator: NZDJPY TrendlinesYes, both trendlines are pointed at different directions but you can see how similar it can be based on my analysis.
First, we have to register the fact that the trend on the 4-hourly chart is still bearish and the market is within the sell zone. I am waiting for a shorting opportunity.
So a bearish engulfing might just set up well for me to engage a short trade. If that didn't happen, I would just need a break and close below the bullish trendline on the left, a break and close below the trendline will set off a short position.
GBPUSD-Weekly Market Analysis-Sep19,Wk2A bearish shark looking to complete at 1.2528 on the 4-hourly chart as a trend trading opportunity and within the sell zone, I would say is a pretty good trading idea.
Looking at the 1-hourly chart, there is a buy-zone and the width of the buy zone is a good 80pips movement(don't judge the pips potential by the chart, chart are fit to screen).
My trade plan is simple, within the buy zone on the 1-hourly look for a buying opportunity of cause with my trading rules for a long opportunity, 1st target will be recent high closing price candle and extended target will be at the 4-hourly chart entry price.
What's your plan?
EURUSD-Weekly Market Analysis-Sep19,Wk2Within the double sell zone, forms a bearish deep Gartley and its only valid if Pt C touches 1.1006. Harmonic Patterns there are minimum 8 rules to it and an extension to 15rules if you are very conservative traders that will increase your winning rate but affect your profits as some of the trades you may miss.
Or you can simply wait to engage a short within the sell zone.
USDJPY-Weekly Market Analysis-Sep19,Wk1At the point B of the Bullish Gartley or Deep Gartley, it could be an ABCD Pattern, if that happens and the market had a bearish run, it will be a Gartley pattern instead of a deep Gartley pattern.
Having the Gartley pattern form it gives me a third chance entry to long, if market break and close above the resistance(red line) is likely to extend higher too.
Feel Free to refer to my trade ideas at the link below.
GBPUSD-Weekly Market Analysis-Sep19,Wk1I do see a likelihood of GBPUSD head lower towards the butterfly pattern before heading up to the bat pattern. That, of course, is the best-case scenario for the trade.
Whichever form up should give a great trading opportunity. Bullish Butterfly acts as a countertrend trade and Bearish Bat as a trend trading opportunity.
You can see how the trade develop from last week weekly market analysis.
Weekly Market Analysis: EURUSDA full streak of a bearish trend on the daily chart, 4-hourly chart, and 1-hourly chart on EURUSD.
A likelihood of a bearish run after a potential retracement from the current price or a wait of double bottom when the market retest on the purple line would be joyous to countertrend trader.
Most likely I'll be waiting for a double bottom to head in the trade by my countertrend trading nature than to shift stops to entry when market approach the next resistance level and prepare for a longer-term shorting opportunity.
Trade Ideas Analysis: USDJPY FlagIf you happened to be in our live session you will get to see what's my trade plan for this, a great 52pips run for those who have long at the base of the flag pattern. You can still watch it tonight at 1808hr on my facebook link at the signature.
An upward breakout has been confirmed, for traders who were waiting for fibonacci retracement, here's your chance.
I've engaged the trade and projected at which level to exit. 107.70 is definitely 1 of the level I'm looking at.
Trade Ideas Position: AUDCAD BatA bullish bat forms up at the buy zone as a countertrend trading opportunity.
With RSI Divergence it had just made it a great setup for the trade, however, after my buffer is added in, the Reward:Risk didn't achieve a 2:1 trade and is all due to the drop in market volatility.
Hence, another myth breaker that high volatility is bad for trading.
Trade Ideas Position: NZDJPY CrabA bullish crab pattern setup for a countertrend trading opportunity. The retest of the support line nicely touched the previous support and rebounded.
Traders who have missed this entry can wait for a retest of support of low of the candle body to engage the trade.
Lessons on Support and ResistanceSomething went really wrong last night during the student meetup session.
This was the topic on Support and Resistance I love to cover and teach my students the support line with the clock is the 2nd chance entry for me to engage in a buying opportunity and Magic Candle should appear on the support line when the market break and close below the consolidation that signals a potential bullish flag setup.
So here it goes.
EURUSD-Weekly Market Analysis-Aug19,Wk3On the daily chart(right), the market has retraced to the sell zone for a trend trading opportunity, it's a great opportunity for trend traders to engage for a shorting opportunity.
On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.
However, for both setup, the RSI was not overbought(right) nor oversold(left), further confirmation is required.
Potential Deep Gartley on EtheriumAlso spotted a Deep Gartley pattern on Etherium.
Completion at $223
