EURUSD-Weekly Market Analysis-Aug19,Wk3On the daily chart(right), the market has retraced to the sell zone for a trend trading opportunity, it's a great opportunity for trend traders to engage for a shorting opportunity.
On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.
However, for both setup, the RSI was not overbought(right) nor oversold(left), further confirmation is required.
Sellzone
EURUSD-Weekly Market Analysis-Aug19,Wk2EURUSD has once again had a multiple timeframes confirmation on the bearish trend. What I love about this setup is that
1) the bearish bat pattern formed up within the sell zone
2) market is bearish, hence I'm in a trend trading opportunity
3) ABCD pattern confirmation near the completion of the Bearish Bat PRZ, if it is within the zone it will be even better.
NZDUSD 1:3 Risk Reward + Short Coming SoonLogicStrategy Fundamentals
24/05 NZD Negative LogicStrategy Flip - This is where the Logikfx scores shift from net positive to a net negative on NZD
28/06 USD Positive LogicStrategy Flip - Logikfx scores shift from net negative to net positive on USD
Insider Information
Hedge Funds Nets Long USD since 2018
24/06 NZD Negative COTA Flip - Hedge Funds positions shifted from a net long bias to a net short bias on NZD
Technical Analysis
21/07 Price Enters Long Term Sell Zone, RSI Daily Divergences.
Waiting for Retrace to Enter.
USDJPY-Weekly Market Analysis-Jul19,Wk43 counter-trend trading opportunity on USDJPY but let's look at the more recent 2, 1 on the 4-hourly chart, a bullish shark at 106.69 and a bullish butterfly at 107.11.
At this moment the candle shows a very nice setup for trend traders, a long shadow within the sell zone.
What will be your trade plan?
Trade Ideas Position: NZDUSD SharkPotential Reversal Zone (PRZ){Red Box} came in important for this trade setup, as the last candle shows a strong candle at this moment.
I will observe if the next candle creates a new high and close above the high of this current candle, if so, trade invalid.
When the next 1-2 candle breaks below and close below the PRZ(red box), I will engage for the short opportunity.
EURGBP - SELL ROAD MAP! EURGBP SELL SET UP -
EG has been on a huge bullish move since May with no sign of slow down.
Now the market is reaching a v ery strong resistance zone that has in the past held up very well and pushed the market down.
Sell zone is 20 pips , so within that zone looking for possibles wicks entering that zone.
Followed by a rejection in that zone. If the candle continues further into that zone. We will be looking for a potential slow down of the candle.
Or the next bearish candle formation to indicate for the sell to begin.
TP 1 - 110 pips
TP 2 - 230 pips
TP 3 - 330 pips
TP 4 - 450 pips.
I don't normally have a TP4 in place. But due to rejection in the past, the market has found support there. To be safe i have placed TP4.
Long term trade - 560 pips
Blue support trend line is daily.
Trade Ideas Educator: NZDUSD SharkA bearish shark setup within the double sell zone gave a great trading opportunity to short this pair. An RSI Divergence has shown, it is possible such setup either gave a great trading opportunity or a potential miss trade as the market may not touch point D.
Let's see how this setup unfold when market opens on Monday.
Trade Ideas Position: NZDUSD SharkTrend Trading Opportunity for this setup, on my live account the closing price of C leg closed below A, hence, pattern valid.
What I love about this trade is that the shorting opportunity came into the double sell zone area and RSI is moving towards overbought, not mentioning there's a strong resistance.
What're your thoughts on this? Comment down below
Trade Ideas Position: CADJPY GartleyBearish Gartley setup within sell zone as a trend trading setup. I will be waiting for a retest to engage the trade. Do note multiple JPY related pairs shows and produce a selling opportunity.
Have a look into your thought process to see if your trading rule forbid you to do so.
Trade Ideas Educator : NZDUSDBottom Left shows that on the weekly chart, NZDUSD is having an emerging bearish bat pattern that I'm waiting for a shorting opportunity but of course that won't be ahead on the daily chart on the bottom left that too have a bearish bat setup.
On the 4-hourly chart will be the most immediate opportunity, however, the market has to retrace by Tuesday, 9 July 2019 to make it possible. The ideal sell zone is within the red box.
What're your thoughts on this? Comment down below.
GBPUSD-Weekly Market Analysis-Jul19,Wk2While waiting for the Bullish Shark on the Daily Chart(kindly refer to the link on the related ideas), a bullish shark pattern has formed on the 4-hourly chart. As long as no gap occurs on Monday Market Open, I'll engage this trade but also watch closely when the market hit its 1st target.