GBPUSD - Weekly Market Analysis - September 2018, Week 2The overall market is still on its bearish run. For the counter-trend trader, you can certainly look at the Bullish Shark formation of AB=CD that completes at the blue line for a counter-trend trade.
Just note that if you are counter-trend trading, do consider a conservative target.
Forex100academy
USDJPY - Weekly Market Analysis - September 2018, Week 2The market is still on its bearish move but for our inner-circle subscriber, they must be delight that they have engaged the short trade on USDJPY as they have received the Trade Ideas Position on a Bearish Bat formation.
2 possibilities right now to long USDJPY, one is on Bullish Shark completion, another is based off AB=CD.
Which is better?
It depends on your trading rules.
Trade Ideas Educator: EURUSD Head and ShouldersTrading head and shoulders the right way or rather a better Reward:Risk method.
Have you also spotted RSI losing momentum? That is an important criterion for me to engage in this trade.
Look left, there is structure in both shorting area and profit taking area.
Trade Ideas Educator: AUDCAD H4 Head and ShouldersA head and shoulders bottom formation form up, is a counter-trend trade, more importantly, the trade is still in the sell zone.
The good thing about this trade is it produces a 2:1 and that's a healthy reward for me, hence, trade engaged.
Look at how the RSI Divergence work in my favor and that is another add on why I still long when market is on its sell zone.
EURUSD H4 possible formation of Head and ShoulderCurrently, on the H4 chart and RSI is showing a possible change in price action however based on my fundamental analysis on the current situation in Turkey and Argentina, trade war etc..... I am still bearish on EURUSD.
On the H1 chart itself, there is currently no distinct indication of trend change ( Bearish to Bullish) although it did signal an indication of a change in price action. In my humble opinion, this could probably be a retracement and also an opportunity to short the market.
However, upon entry, I would look out for my entry confirmation signal before taking the trade or I will wait for the retracement to complete and price to break below the neckline.
Traders all the best, for those who missed it this is just my analysis please trade with your own rules!!!
(Episode #172) USDJPY - Trade Ideas Educator (3September2018)Bull Shark Formation forms within the buy zone I was looking at. Typically a shark pattern has 2-3 different entry point, do take note of that and do not trade off blindly.
Course Director of Harmonic Pattern will be having a 3-hours sharing session on 1 of his favorite pattern - Bull Bat Formation.
PM me if you are interested to attend, that will be on 11 Sep 7pm-10.30pm in Singapore!
EURUSD - Weekly Market Analysis - September 2018, Week 1Already shorted the market as Trend Trading Trade so is obvious that I'm bearish on this pair. On the actual trade, I've already shifted Stop Loss to Entry #SLE and attained a Risk-Free Trade #RFT.
I'm still looking for more shorting opportunity to short the market.
Traders, please don't chase, follow your trading rules, and for those who like to receive the trade ideas in advance, just let me know, I can put you in the inner-circle group if you fulfill the requirement.
EURAUD Weekly chart : Basis of my analysisI see a Bearish Bat pattern completing around the 1.6250/6300 levels. This recent move up is mainly due to the the movement of the AUD rather than the EUR.
President Trump pushing for a tax on the US$200B China imports towards the end of last week was the probably the root cause of the AUD weakening significantly. AUD is the closest proxy of all the G10 currencies to the Chinese economy or the Chinese Yuan.
With this strong up move on this pair, I am expecting it to take a while for the price to play out, form reversal pattern and complete the Bat Pattern at the same time. This will give is the opportunity to take the short trade. Let's be patient and monitor this pair. Well.... anyways.... this is a weekly chart we are analysing here.
Ranging CADJPY DailyRanging Trade on the CADJPY
Trading at support and resistance.
If I were to look at Double Top formation trading, the price must not close above 86.28 and I must see an RSI divergence with my confirmation candle.
For Double Top I will be looking at extended target of 82.52.
Swing Trading
Trade Ideas Analysis: GBPAUD H1 Rising WedgeA Rising Wedge Formation with candle shows below its resistance, in addition to RSI Divergence builds a good case for me to short the trade.
Should the H1 candle close below the resistance, it build a stronger case.
Targets, Stop and Trigger Decision will be shared with my inner-circle