EURCAD - Waiting for Deep Crab Type2 EntryEURCAD completed the Deep Crab pattern and price reacted to the PRZ.
Let's monitor and wait for a Type 2 entry
Forex100academy
AUDUSD H4 - Price retracing to critical levelPair has been weak the whole of last 2 week, but see some recovery towards the end of the week.
I would like to see price getting resisted at the 0.7310/25 level then I would be interested to continue the short
USDCAD M15 Bearish SharkUSDCAD M15 Bearish Shark
Entry would be at Entry1 as it was the highest point
Entry: 1.31727
SL: 1.31800
Tp1: 1.31127
Tp2: 1.30649
Good risk to reward due to the proximity of SL.
Previously engaged in a trade and closed partial position to protect some profits, the reason being when looking left at previous structures there is a high probability of a retest of resistance at entry level. If the price does not break above the resistance (Entry Price ) level, this would fulfill the double top scenario supporting our reason to short even further. I would recommend each trader to follow their own rules and filters before engaging the trade.
Entry type = Type 2 entry
Do note that Shark has multiple Entry Zone, therefore, I would personally prefer to monitor such pattern and ensure all criteria are met before engaging the trade.
Trade Ideas Position: EURUSD H1 Head and ShoulderA trade setup on a counter trend trade, taking a single target on this, The Resistance(red line) is known as my Target2, however, I will not be taking that not until Target1 is achieved and I wait for the retest before engaging the trade.
The head of the Head and Shoulder sits on the PtD of Bullish Deep Crab
Trade Ideas Position: EURJPY H1 EclipseWhen pattern overlap pattern overlap pattern and they are all valid, I call it the Eclipsed.
Yeah!
We have 5-0, the infamous Double Top with Div and Bear Bat all still valid. What will you do?
Bearish Shark USDCAD M15Currently, the Entry is set at 1.31716 as it was the highest point. Although it broke thru PRZ there was a reversal confirmation which validates the pattern.
Currently waiting for type 2 entry. Looking left at previous structure there is that probability that price will restest the entry level (resistance)
Entry - 1.31727
SL - 1.31900
Tp1 - 1.31127
Tp2 - 1.30649
If the price does restest at our entry level this would form a Double Top formation. I would, therefore, personally monitor this trade before engagement.
Trade Ideas Position: EURJPY H1 5-0Waiting for Double Top to short this and pretty much believe we will see a divergence when that happens, which happen to be one of the criteria for me to engage the trade.
Trade Ideas Position: GBPAUD 2 TopDouble Top, candle close below support, turn resistance. Stop Loss shifted to Entry. Risk-Free Trade Attained.
Trade Ideas AnalysisDouble Top spotted with RSI Div, Overall Trend Bearish on both Daily and H4 Chart.
AUDJPY Bat Pattern completion higherHi everyone,
My buddy just spotted a bullish Gartley earlier this morning (see Link to related ideas below) and I have just spotted a bearish Gartley completing higher.
Looking to trigger the short trade when it comes up to my level.
Trade Ideas Positions: AUDJPY H1 Bull GartleyGartley spotted, but I only take a single target as due to bad Reward:Risk should I enter now for Target1.
Bearish Deep Gartely USDCAD H4Entry: 1.1358
SL: 1.32120
Tp1: 1.3100
Tp2: 1.30440
More incline to take Tp1 due to Strong dollar
Trade Ideas Positions: GBPJPY H1 Bat PatternBear Bat looking for shorting opportunity. Seated nicely below the resistance.
Trade Ideas Position: EURUSD H1 Bear BatLooking to short Alt Bat, and the setup is below the reisistance.
USDJPY - Weekly Market Analysis - August 2018, Week 3USDJPY continue on its bull run, I'm already invested in a long opportunity that presents to me on Friday, got it Long on a Bat Pattern.
Will ride on this trade till it invalid. If you love to receive more up to date analysis, just drop me a note and I will be happy to help.
GBPUSD - Weekly Market Analysis - August 2018, Week 3The market is still on its bearish run on the Daily Chart, but I am more inclined to look out for a counter-trend move for a buying opportunity.
The least I'm looking for is a double bottom with RSI divergence.
Like to have a more consistent update on the outlook like this, just subscribe to our trade ideas and I will see you there real soon.
EURUSD - Weekly Market Analysis - August 2018, Week 3A bearish move on the daily chart has shown that market is more likely to depreciate than to appreciate in coming weeks. I will be waiting for shorting opportunity to continue the trade and realize that it does qualify an equal distant move, heading towards the next level of major support on the weekly chart.
Bearish Gartely AUDNZD Daily ChartAUDNZD on the Weekly Chart had been ranging, the current price is near the critical resistance level and is within the buy zone.
Reason to short:
1) RSI had shown an oversold condition
2) Zooming into H1 what seems to be like a double top forming
I personally would wait for the pullback at H1 (looking at the completion of the double top) and RSI to present an oversold condition before entering. This would give us a better risk to reward ratio.
Entry: 1.1204 - 1.1506
SL: 1.1340 ( -220 pips)
Tp1: 1.0917(+203 pips)
Tp2 : 1.0754 (+366 pips)
Tp3 : 1.0549 (+570 pips)
This would be a swing trade and be prepared to hold for a longer period.
Bullish Butterfly H4Bullish Butterfly H4
The previous analysis considered invalid as it broke pass stop loss forming a larger pattern
Reasons to go Long:
1) On H4 the RSI had shown an oversold condition
2) On the H1 Chart, RSI had shown a divergence
3) A retest of the PRZ and an immediate reversal
4) On the Daily TF RSI is at the lower boundary - Price may retest resistance create an oversold condition
BuyZone: 1.14272 - 1.14006
SL: 1.13600
Tp1: 1.15370
Tp2: 1.16330
