Forex100academy
Trade Ideas Position: CADJPY SharkIt is a counter-trend move, Boon Hooi is in on CADJPY based of a Butterfly Formation.
His trade already hit target1, earning off 231pips off the market.
I didn't engage that trade, basically missed it as I was busy preparing for my Vietnam's talk engagement, 1 thing I'm proud of myself, I did not chase the market.
Instead, I waited and waited, finally..
Ta-Daaaa Bearish Shark Pattern form up.
Do note base of Daily Chart, we are in a counter-trend.
Trade Ideas Position: GBPUSD Butterfly or BatIf you are in my inner circle, you should know that I'd already shorted GBPUSD and it has already attained 204pips as the 1st target has been achieved, waiting a bit more for target 2 to be fulfilled.
What's interest me more is that my target 2 completion ends at a butterfly completion.
Yes, I can turn and reverse the trade the trade and go long straight or I can wait for 14pips for a Bullish Bat to complete.
Which will you choose?
Well, I've already decided and will be posting this in my inner circle group.
Great that it's an H4 Chart, I can wait and decide at 1pm, 5pm, 9pm(+8GMT).
Timeframe does matter.
USDJPY - Weekly Market Analysis - October 2018, Wk 3USDJPY has a major retrace last week and this could be the result of President Donald Trump shared on Social Media that the Fed has gone crazy in, increasing the interest rate;
OR
it could be just the market retracement.
In anyway, the retracement is well supported at the previous resistance area, let's see how market forms up.
USDJPY on the Daily Chart remains Bullish.
GBPUSD - Weekly Market Analysis - October 2018, Wk 3GBPUSD I've already shorted based off Type 2 Bearish Butterfly setup that holds the market well. Running with more than 100pips profit, still in the game as Target1 has not achieved yet!
For traders who are bearish in this trade, you can consider to look at H4 for a retest of the high to look for shorting opportunity.
Do Note that Brexit talk on 17 Oct that will greatly affect British Pound.
Alibaba - showing us the recent stock sell down is completed ?BABA completed the Bullish Crab Pattern. If you were following my earlier post on BABA (see related posts below),
you would know that I shorted this at the support turned resistance levels. Just closed that trade at the completion of the Bullish Pattern
Now I would see how the market opens tonight, see if there is opportunities to go long on this
Could this be a sign that the Stock market sell down has stopped ??
EUR/NZD Forgotten idea last week.Hello everyone, Sorry for this late post we forgot to post last week in our private idea box so we posting now.
This was a very good move for us. we was expecting a slight short fall but it looked liked it never happened.
comment below if you have any comments?
Thank you
Daniel.