Trade Ideas Position: CADJPY CrabA bearish deep crab setup for a trend trading opportunity on the daily timeframe.
Having this countertrend setup on the 4-hourly timeframe does stage a great trend trading opportunity for the higher timeframe.
Sellzone
Trade Ideas Educator: GBPJPY BatA bearish bat setup for a trend trading trade, not quite sure at this moment if you would love to short it right away when market open or wait for further confirmation(that's more for me) as I have spotted all GBP related pair has a relatively strong bullish candle before market closes on Saturday(Singapore Time).
More read up on Brexit related topic on Bloomberg and make your decision o just simply wait for further confirmation or simply stay out of the trade.
Do note that pt C touches pt A too, typically not my favourite set and forget trade.
Trade Ideas Educator: NZDJPY TrendlinesOn the daily chart, is a nice bearish engulfing after a magic candle(indecision candle) for a selling opportunity and it closes within the sell zone(pink box).
Although on the 4-hourly chart(left) the candle break and close below the trendline, it still rested above the sell zone box show insufficient weakness on the market.
Having this conflicting market signal, you can:
1) choose not to engage the trade
2) wait for further confirmation ie:
i) close and break below the sell zone then engage
ii) a retracement after a strong bearish engulfing the short
iii) a bearish harmonic pattern to engage for a shorting opportunity.
The choice is yours.
Trade Ideas Educator: NZDJPY TrendlinesYes, both trendlines are pointed at different directions but you can see how similar it can be based on my analysis.
First, we have to register the fact that the trend on the 4-hourly chart is still bearish and the market is within the sell zone. I am waiting for a shorting opportunity.
So a bearish engulfing might just set up well for me to engage a short trade. If that didn't happen, I would just need a break and close below the bullish trendline on the left, a break and close below the trendline will set off a short position.
EURUSD-Weekly Market Analysis-Sep19,Wk2Within the double sell zone, forms a bearish deep Gartley and its only valid if Pt C touches 1.1006. Harmonic Patterns there are minimum 8 rules to it and an extension to 15rules if you are very conservative traders that will increase your winning rate but affect your profits as some of the trades you may miss.
Or you can simply wait to engage a short within the sell zone.
Trade Ideas Position: AUDUSD SharkA bearish shark setup as a shorting opportunity. The trade is now live with better entry price opportunity and a fantastic Reward:Risk.
Trade is engaged as a countertrend trade with an RSI Divergence within the sell zone.
Trade Ideas Educator: NZDUSD SharkRight now the market is on a downtrend channel as a trend trading setup, if the channel holds it produces another shorting opportunity.
However, if it fails, a bearish shark appears within the sell zone for a trend trading opportunity.
Trade Ideas Educator: AUDCAD SharkA bearish shark on the 1-hourly chart will be the 1st level of resistance for a shorting opportunity.
On the 4-hourly chart a bearish bat setup for another trend trading opportunity. Let's see how the market reverse and head towards the trading opportunity.
If all do well, the bearish shark should hit by Wednesday this week.
Trade Ideas Educator: AUDUSD SharkA bearish shark setup as a trend trading setup. The wait for the setup could take till Wednesday in the coming week.
I do see that Australia Dollar can face more challenge than it is facing now. The trade war and internal challenge within the country.
Trade Ideas Educator: GBPAUD BatA bearish bat as a countertrend trade within the double sell zone with an RSI Divergence made it even better.
This reminds me of the good old day where both my AUDUSD and NZDUSD have RSI Divergence, AUDUSD within the sell zone but NZDUSD broke the sell zone.
At that moment I have gotten myself mentally prepared that 1 will hit profit and another most likely a losses. But guess I was wrong and I'm happy that I am both hit profits.
Let's see how this baby roll out.
Trade Ideas Position: GBPAUD BatA bearish bat pattern shows up in GBPAUD 4-hourly chart. It is a type 2 retest of the bat pattern with RSI Divergence, not to mention it trial near to the previous sell zone.
Great consideration for countertrend trade especially for traders who had missed the previous entry opportunity.
Trade Ideas Educator: USDCAD H&SA Head and Shoulders formation forms up and traded lower within the support and resistance area. If the market retraces back into the sell zone, which in this case the right shoulder it will produce a great selling opportunity.
This will all be valid if the market didn't reach 1.3255 before having the retracement back to the sell zone.
If all fails we still have the classic support and resistance trade.
GBPUSD-Weekly Market Analysis-Aug19,Wk4On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity.
On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea.
I've already engaged this trade as the bearish bat form and triggered the opportunity to trade.
No double when the prices went higher after the trade was triggered definitely not my liking, but if you have spotted the RSI Divergence or you know the profitability rate of the bat pattern, it will be a peace of mind.
EURUSD-Weekly Market Analysis-Aug19,Wk4A bearish shark trading opportunity on the daily chart(right) as a trend trading setup. If you are not looking at the shark pattern, you can check on the lower timeframe, the 4-hourly chart(left).
The red box sell zone is the same sell zone you are looking at on the daily chart(right), you can definitely look for a retracement into the sell zone or wait for a harmonic patterns setup.
Trade Ideas Educator: NZDUSD SharkA bullish shark pattern that needed more confirmation and thing through that should it be engaged?
Sell Zone is near, if the candlewick touches the tip of the sell zone, I will be more reluctant to engage in this bullish shark setup.
Have you spotted that? If you don't perhaps more practice on charting is good then to jump right in.
Trade Ideas Educator: NZDJPY BatVisually this bat doesn't look nice, the truth is many of times I will only post a Harmonic Pattern only if it passes B.
So why now? To spark thought process of traders like yourself and also to show you how liberating of time Harmonic Pattern is if done right.
