Protraders
Trade Ideas Educator: NZDJPY BatA bearish bat setup within the sideway bounce and within the type2 bearish shark setup on the 4-hourly timeframe is like the most amazing setup that enables me to stack trade.
Yeap, that's the new term I'm calling it, low-risk, high-return. Having any consolidation before the near completion of the pattern worries me and got me really uncomfortable. I will need confirmation to engage this trade.
Trade Ideas Position: CADJPY SharkA shark pattern within another shark pattern setup on this trade. I was waiting for a retest but vola, I've spotted another bullish shark that provides a deeper entry for me to engage the trade.
If point C for the baby shark is not broken then I will have a deeper entry opportunity.
Protraders Stack Trade: AUDUSD BatThis is an interesting setup and trade plan for me. Right now on the 1-hourly chart, it presents a bearish bat setup. I will have to wait for market confirmation to engage this trade as there is a couple of level of resistance above the sell zone and when this combo with the market consolidation, there is a possibility that the market may break and close above the bat pattern.
I'm heading for a short and extend to a lower level for a shark pattern setup on the 4-hourly chart.
From the shark pattern, I'm waiting to buy up to the previous structure high on the daily chart a retest of resistance of existing double bottom.
Confused? Just stick with your trade plan, a bearish bat setup is good enough
Trade Ideas Educator: CADJPY SharkAn uptrend trendline appears before the completion of the bullish shark. Yes it can be a potential trade for your to long CADJPY and the bullish shark pattern may not even form, but personally, in this setup, I still preferred the shark pattern and the reason is that we have 2 very strong bearish candles when the market approach towards the trendline.
I have quite a sophisticated trade plan for this setup. What is yours? Comment down below.
Trade Ideas Educator: NZDJPY ButterflyAn emerging bullish butterfly pattern just has shown up within the sideway bounce and counter-trend trade on a higher timeframe perspective.
I'm very much to wait for a confirmation to engage the trade and I might just extend the trade beyond the sideway bounce.
GBPUSD-Weekly Market Analysis-Nov19,Wk3Waiting for the bullish bat to form up within the buy zone and head in for aggressive buy(which means I may not be waiting for PRZ and it all depends on how the candle close at Point D)
I may be planning for a stack trade for this setup. Let's see how this goes.
Trade Ideas Educator: AUDCAD SharkA bullish shark pattern setup that also retests the previous support on this timeframe, I will watch closely how the market reacts on the 1st target and that reveal more on the market movement and giving a thoughts if I should extend my targets to the bearish Gartley pattern setup on the 4-hourly timeframe.