GBPUSD-Weekly Market Analysis-Mar22,Wk3GBPUSD is on a Bearish Trend, if you are waiting for a shorting opportunity, you can wait for the market retest back to 1.3192 and engage through the Bearish Shark Pattern setup.
What's nice about this setup is that the Shark Pattern form within the Sell Zone and it was the level of the previous Shark Pattern as well.
Sellzone
Look for selling opportunities on BTCIt looks like our analysis played out very well and price is now heading lower. For those of you who managed to get in before the most recent move, that's great. Make sure to move your stops or collect profits along the way.
If you didn't manage to go short, don't worry. The market will always give you another chance. In this case, what we have to do is to wait for a pullback before getting involved as it would give us a better risk to reward ratio.
In the video you can see what are the levels that I'm monitoring, so make sure to have them on your charts as well and look for opportunities around them.
Good luck!
GBPJPY - Bearish BatPairs like GBPUSD is the only few in the list that can give you a 50pips profit potential movement. It's important for me to see some form of market slowing down before engaging the trade.
- A 3-bar reversal candle
- a long shadow candle
- a doji candle
- railway formation
If not I won't be engaging just yet. Just saying.
Possible short entries on BTCWatch the video to find out what my idea is here on BTC. I'm looking at the same sell zone that I've shown you previously and I think there will be another drop pretty soon.
I would suggest not taking any decisions before you actually see some type of confirmation from price action. There's also a possibility for a breakout of the current resistance, and in case that happens then obviously we will have to switch our bias.
If my analysis is right and we see price pushing of this sell zone once again, then I will be looking to enter short and my stops will be above the 46K level.
Leave a comment and watch out for our next analysis!
The next sell zone on BTC | Where should we enter?This is our video update on Bitcoin. In the video, you can clearly see how well our last analysis played out and that price is moving just as expected.
After the next consecutive push down and market reaching the support of around 36500$, we now expect that another pullback will follow. This will be great as it will give us another entry opportunity. However, before we draw our zone correctly we have to make sure that price has started this pullback, which is not yet confirmed.
We're looking at the same setup, that we shared in our previous analysis but this time at lower levels, which also confirms the downside continuation.
To find out the exact levels where we expect to get another entry, make sure to follow us.
Good luck!
EURUSD-Weekly Market Analysis-Feb22,Wk2If you are a trend trader, this will be the fastest way to get involved in the shorting opportunity. A Bearish Shark Pattern form on the 8 Range Bar Chart within the 4hourly Sell Zone.
If you prefer to trade on a time-based chart, you can wait for a double top setup on the 1-hourly chart.
GBPUSD - Bearish SharkA Bearish Shark setup formed on the 4-hourly chart as a trend trading setup.
There is 1 warning sign and 1 advantage within this setup. Could you spot it?
Clue:
The warning sign is within the 4-hourly chart and the advantage is on the daily chart.
Comment down below and the answer will be revealed by the end of today.
USDCAD - Bearish Bat checkbackUSDCAD has one of the best setups for the week. Aggressive Traders can consider shorting the Bearish Bat Pattern as a Trend Trading Strategy. Conservative Traders can wait for the market to pull back to 1.2562 for a shorting opportunity on the Bat Pattern.
If you are adventurous and you are familiar with the USDCAD movement, you can even stretch the final target towards the completion of the Bullish Shark Pattern on the Daily Chart.
GBPAUD - Bearish Gartley PatternThe third is the charm? Well, all my Pound pairs have the Gartley Pattern, so which of these 3 Bearish Gartley would you prefer? Comment down below.
The Harmonic Patterns setup on the GBPAUD completes within the sell zone. However, it's also one of the patterns that is yet to complete.
USDJPY-Weekly Market Analysis-Dec21,Wk3On the Daily Chart, USDJPY is on a potential Bearish Head and Shoulders which coincide with the Type2 Bearish Gartley Pattern and the 15minutes chart Bearish Bat that you see on this 1-hourly chart.
I'm waiting for the Bat Pattern confirmation on the intra-day timeframe and head in for the shorting opportunity.
This is the only trading idea I have that allows the stretching of targets that I've identified this week.
Whale HuntersThe areas marked are the zones whales hunt within ... they seek liquidity in these zones and don't like remaining within them for very long ! While they appear in likeness to FVG , they are fairly different . These zones act like walls , on either side lay lots of buy and sell orders which remain in place.
These zones are where whales buy/sell and if you identify these zones they can help you add confluence to your TA without getting harmed in the way of a whale fight. Look to these zones for a reaction and that will provide you with a good idea of where PA will go . The price either strongly rejects or flies through these zones so you must ensure you watch market structure.
Along with confluence for entry , these zones may also be a good point to seek profit. Price likes to sit between these zones so if you would like to swing trade , these zones are the preferable place to take profit !
As these zones continue to grow or shrink i will update this chart - you do not want to ignore these opportunities !
-Oz
GBPUSD-Weekly Market Analysis-Dec21,Wk1If you had watched the video analysis, you would have seen how the wick of the candlestick touches the Bearish Parallel Channel and reverse. That's when you know you have plotted the trendline or channel accurately.
Within this 1-hourly chart, from X to A leg, there is an AB=CD Pattern hidden within the setup. Are you able to spot it? This is a quick check on your proficiency in the Harmonic Patterns.
1.3377 Is the completion of the Bearish Deep Gartley which happen to complete within the sell zone of both the 1-hourly and 4-hourly chart.
It is a great opportunity for a trend trading opportunity.
GOLD BEARISH TRADING PLANWe have already posted our Bullish trading plan (please review related idea below), which is the one we are leaning more towards. On our Bullish scenario we will be taking more entries with less indicator confirmations. This plan is for our Bearish scenario and we will only be taking sells on the levels identified and with our technicals and indicators.
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