USDJPY-Weekly Market Analysis-Apr20,Wk1There is an existing bearish bat setup on the daily chart, and we are holding on a 352pips of running profit, 41pips more to hit our first target(check out the link 3).
Traders who had missed the setup or would like to engage additional shorting position may wait for the market retrace back into the sell zone(red box) on this chart.
Sellzone
Gold Short Term ForecastH4 - Bearish trend pattern, bearish hidden divergence.
Price has currently reached a strong resistance zone formed by the 1600 psychological level, 200 moving averages and the 161.8% fibonacci expanasion level of the first wave we have.
H1 - Bearish divergence, until the sell zone shown in the chart holds my short term view remains bearish here.
Trade Ideas Educator: AUDCAD SharkA bearish shark pattern has already reached Point D, but it's still not the right time or the preferred price for me to engage this trade. I prefer to wait for the Shark Pattern to reach its HOP level or instead the supply zone(red box) to engage the trade.
What're your thoughts on this?
Dax ForecastW1 - Bearish divergence, uptrend line breakout.
D1 - Bearish convergence, uptrend line breakout, In addition to this, based on the Heikin Ashi candles we can see that currently we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment.
H4 - On the H4 chart too based on the Heikin Ashi candles we can see that currently we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment here as well.
We also have two sell zones that has formed and the price has currently reached the first sell zone. Until these two sell zones hold my view remains bearish here.
Trade Ideas Position: EURJPY SharkA bearish shark setup as a trend trading trade within the sell zone. The structure also has an AB=CD pattern formation complete at the area, and this will increase the selling pressure. Trade has already engaged and level send to subscribers who are in our community, check out the link(3) at the signature below.
Trade Ideas Position: Gold BatA bearish bat setup, X form at the consolidation structure before the drop of gold. This trading setup is an opportunity for both counter-trend trend-reversal trader to engage for a shorting opportunity; the only difference between the two is the target profit area.
Trade has already engaged, what're your thoughts on this?
Trade Ideas Position: USDJPY BatA bearish bat setup for a trading opportunity towards the downside is considered as a trend trading setup.
Having the PRZ to be within the emphasised sell zone is a bonus to the setup.
For this setup, I will be stretching my Target2 as a trend-following trade.
What's your trade plan? Comment down below.
Trade Ideas Educator: AUDCAD BatThis bearish bat setup is 1 of my favourite for this week and that's because on the daily chart Point X to Point A is the move that breaks a few small support level. Although if the market break lower and close lower it will be even better, this is something I can't complain about.
This trade may enable me to have a trade extension on a trend following setup. A break and close below point A will ensure that to happen. Let's see how this trade goes.
Well if you are searching for help and a community, have a look at the links on my signature, hope to see you soon in our TIP community.
Trade Ideas Educator: EURJPY GartleyA beaish gartley has completed for a trend trading setup. All turn to short for this pair as this level is a retracement of 61.8% after a double top after completion of a bearish bat pattern on the daily chart and not to mention a final target profit on the 4-hourly chart of a bullish bat.
If you have observed closely, there is this small hump that I call appear throughout the 3 timeframes that I trade, this create a resistance for the market to process higher.
Once market open I might just engage for an aggressive short or wait for a retest, it all depends if the market gap up or down.
Well, you can stop the guessing game by joining our community, TIP, link at my signature.
EURUSD-Weekly Market Analysis-Jan20,Wk1A retest of the previous high near D Point completion is where I'm looking for a shorting opportunity as a countertrend trade.
On a much lower price on the 4-hourly timeframe, I'm waiting for a buying opportunity, a Gartley pattern or deep Gartley pattern formation as a trend trading setup, lets see how this goes and more will be reviewed to my subscribers and update during this Monday Midweek Market Analysis.
Another small shark pattern in AUDUSD with retest to sell zone++After the 5-0 Shark pattern completed and now get profitable, the price might retest to the sell zone again as blue arrows show(which I've drawn before it happened).
You can consider the retest of Bigger Shark Pattern or consider as new smaller shark which point D might complete at the red resistance line in The sell zone.
Next week, I will wait for a retest and confirmation to jump into this pattern.