Get started

Sellzone

Trade Ideas Educator: GBPAUD ButterflyA trend trading opportunity setup once again on GBPAUD chart. The bearish Gartley has already in a valid state for a selling opportunity but I'm just not comfortable for such a strong bullish candle close before market close on Saturday. I would need more confirmation for this. This trade decision will definitely be an epic 1 for me as it either is a great call for the "Great Escape" and walk out of the market unscathed or it will be the greatest miss in trading of my life. Alternatively, I can always wait for the bearish Butterfly Pattern setup at a much higher price with a better reward:risk. What's your call? Comment down below.
Short
by RaynLim
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.
Short
by RaynLim
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.
Short
by RaynLim
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.
Short
by RaynLim
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.
Short
by RaynLim