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Profittrendlines

USDJPY-Weekly Market Analysis-Jul21,Wk1If you are worried about the Bearish Gartley Pattern(you can check the link at the bottom within my tradingview profile) for violated on the 4-hourly chart, worry not. Do remember that the Bearish Deep Gartley Pattern formed on the Daily timeframe and base on the 1-hourly chart, we have shorted the Bearish Shark Pattern. As long as the candle didn't break and close above the trendline(Profit Trendline) on the 1-hourly chart, you are pretty safe.
Short
by RaynLim
USDJPY-Weekly Market Analysis-Feb21,Wk3If you are in our community you would have engaged the Bullish Crab Pattern on the USDJPY trade you would have gained 37pips and have your stop-loss shifted to entry without working the market might go against you. If you have not, that's not the end of the world, since the trendline(blue line) is not broken, that could be an opportunity for you to long. However, I won't do that. I would rather wait for it to retrace to its previous low point, or even better a bullish bat pattern form at 104.61.
Long
by RaynLim
Trade Ideas Educator : GBPAUD BatA bearish bat pattern traded on the type2 setup within the profit trend line. The 1st extended target of the bearish bat has already hit the target with 80pips of profit. When to extend and when not you may think? I could help, all you need is to ask and I'll head you to the direction you are looking for. Profit of course. With the final profit hit for the bearish bat, it will bring forward the opportunity of the bullish bat setup for a trend trading opportunity. Refer to my previous post to see how the trade had formed.
Short
by RaynLim
Trade Ideas Position: GBPAUD BatBearish Bat trading opportunity on this setup. To many harmonic patterns traders, this bearish bat might already be invalid but not for me. The red line act as a Profit Trend Line, if you don't know what is Profit Trend Line then you might have learned this from the wrong source. It is still valid for a short because it does show a series of lower-high and RSI Divergence in the earlier part. It is still a countertrend trade, if this doesn't feels right to you, don't enter.
Short
by RaynLim
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