USDJPY-Weekly Market Analysis-Jun19,Wk2Deep Crab setup is already validated by the market, right now a retest of an entry gives many of us, including myself a chance to engage the trade?
What's your plan for this pair?
For me is simple, on the 1-hourly chart, I'll wait for a double bottom to engage this trade.
If the market appreciates from here, I will look for shorting opportunity for the bearish shark completion at Point D.
Forex100academy
AUDUSD H4 at a resistance level - What's nextI would like to see how the market opens next week.
- If resisted, it will probably head down towards the support levels at 0.6868
- If breaks above, it will at least head towards the next resistance levels at 0.7000/15
Let's see how this pans out next week.
Trade Ideas Position: USDSGD BatDisclaimer ya, I seldom trade this pair only observe when will be a better time to change money from USD to SGD or SGD to USD.
Is a good time to change USD to SGD but for people who are going to change SGD to USD you might want to hold off for 1-2weeks to see how this develop, if you are not urgent for the exchange.
Trade Ideas Position: EURJPY GartleyWe spotted this together during Yesterday live session isn't it. It forms up nicely like what we have been waiting for.
On this 1-hourly timeframe, it is a trend trading opportunity but on the higher timeframe, it is a view as a counter-trend?
So what is your strategy in engaging this trade?
Trade Ideas Analysis: USDJPY MWaiting for a double top to engage this short trade as a trend-continuation trade.
Great trading opportunity for aggressive trend traders but to note the stops might have to place above the bigger pink box in preventing stop-out.
Conservative trader can look into single target engagement.
Did I mention it is also a 5-0 pattern? :)
AUDUSD H1 - Bullish Deep Crab completion lowerHi traders
I spotted a bullish Deep Crab forming lower at the 0.69 level
News :
- Aussie wage number came in lower than expected
- Chinese economic data losing steam
obviously it does not help that the tension of the US-China trade war is building up
I would expect the AUDUSD to continue drifting lower. Giving us the potential buy trade at the completion of the Bullish Deep Crab
GBPJPY H4 - Bullish Gartley CompletingSpotted Bullish Gartley Pattern to go long around the 141.80 levels
Will be looking to go long at these levels
However if the price moves higher towards the resistance levels (143.70/144.00) there could be an opportunity to short all the way down to the completion of the Bullish Gartley
EURUSD-Weekly Market Analysis-May19,Wk2A trend trading opportunity is still valid for me, having this bearish Gartley formation on EURUSD, gives a fantastic opportunity to hop in for a shorting opportunity.
Why so? Point D completed within the previous consolidation which also add in a strong resistance.
Google at Support LevelMany of times traders ask if what I learn in stocks can apply in Forex, my answer to that is YES, if you understand the mechanics and you have a tested strategy.
When the same question was asked for knowledge in Fx traded in Stocks? Guess what's my answer?
Yeap its the same and you have to look in your strategy.
This trade is long on support base off support level having indecision candle. opportunity to engaged.
Guess what I will do on Tuesday if the market continue to appreciate?