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.
Sellzone
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.
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
SHIB CORRECTION? OR TAKING OFF FROM BUY ZONE? BOTH?looks like shib is touching the buy zones preparing to reverse.
supports lining up very clean along with buy zones. a lot of touches from candlesticks are indicating a strong overall up trend no matter how you look at it.
SAME GOES FOR THE MARKET.
from the looks of it, chart is telling me we will be hitting .0001 very soon :)
also look for trading sessions. shib is also matching up accordingly, i'e 26 days ...
EURUSD selling opportunityEUR depreciating after a year and a half of staying within the same range, the fundamentals and technicals both point downward for the time being.
Disclaimer: This is a risky and long-term holding position, you can stay in the red for months before getting in profit, however if you have discretionary skills and get in at the right time, you might be able to make quick profits in several days or approximately 2 weeks. Stay neutral until strong confirmation of downtrend movement.
EURUSD - Bearish SharkBefore we go into the Shark Pattern, the EURUSD has a Bullish AB=CD Pattern on the daily chart and it's making a check back. This could just be 1 of the better setup that counter-trend traders can wait for a buying opportunity.
Trend Traders have to be slightly patient as 1 opportunity you can hop on is the Bearish Shark Pattern that completes at 1.1451 within the sell zone of 1.1432-1.1465.
AUDCAD - Bearish SharkA Bearish Shark Pattern complete at 0.9232 on the AUDCAD 1-hourly chart. If you are looking to ride on the buying trend, a buy entry when the candle touches the blue trendline as long as it never breaks and closes below the trendline or the immediate candle low price.
Personally, I won't be looking at that, and that is because there is only a 30pips profit potential heading towards the Shark Pattern.
What's your trade plan in tackling this trading setup?
AUDCAD - Bearish SharkAn emerging Bearish Shark Pattern completes at 0.9260. Upon completion of the pattern, the price of the candle close is important to determine if the sell zone is broken.
If you are looking for a buying opportunity, a retest on the bearish trendline(blue) without closing below the trendline can give you an aggressive buying opportunity.
GoldView Sell Target AND chart observation.SELL target 1774
Our trade played out nicely for the buy and as discussed we took our sell from that buy target. Our target for this sell is 1774. We are taking our sells with small lots and tight stops, as our overall analysis still expects another Bull run.
CHART OBSERVATIONS
H1 Chart
Ranging between Support 1789 and Resistance 1797
Price and Moving averages consolidating
Our moving averages are all below price, acting as support
Price is currently moving sideways between resistance and Moving average support
Currently what we see is a flatline effect, which is common before a breakout
This indicates potential for a large movement either direction
If Moving average support holds strong we can expect an attempt at 1797 and then 1800-1806
If support is broken the next level of support challenge will be 1778 and below
H4
Support 1789 and Resistance 1794
Moving averages are all below price, acting as Support
Price is currently challenging 1794 and all our moving averages
If price breaks resistance at 1794 the next level of resistance will be 1800-1804
However if price is unable to break resistance it will attempt to test support at MA21, MA63 and MA84 before support at 1787 and below
D1
MA200 is acting as strong resistance
MA21, 63, and 84 are acting as support
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GoldView
We will carry on selling the EURUSDThis week we will be looking for new selling opportunities on EURUSD.
For now, the main and preferred option is to see another rise to the 1.1640-1680 zone and from these levels, we can expect a reversal.
However if we have a drop in price today, we will look for entries at a lower levels.
We expect a breakout of 1.1525 and continuation of the downside move.
DO NOT rush with the entry, but wait for rejection from the area and confirmation.
In case of any questions, make sure to ask!