Trade Ideas Position: USDJPY SharkBearish Shark triggered in the morning, if you have not traded this and understand harmonic pattern well, the 2nd target still provides a 2:1 Reward is to Risk Ratio(RRR)
Sellzone
Trade Ideas Educator: CADJPY ButterflyA Bearish Butterfly set in on the 4-hourly chart(right) but by having that it will break the prefered sell zone. For my plans for selling opportunity will be the classic reversal setup I'm waiting for MC+confirmation within the sell zone.
On the 1-hourly chart seems like a bull flag is likely to form, I will wait for a retest into the buy zone for a buying opportunity, and if you head to the M15 chart you will see a bullish bat setup.
Trade Ideas Educator: GBPJPY GartleyGBPJPY is on a bearish trend. Gartley Pattern happens on both time frame having a 4-hourly chart as a bearish Gartley setup and 1-hourly chart, a bullish Gartley pattern as a counter-trend trade.
How many trading opportunities within this trading analysis?
What's your trade plan on this?
Comment down below.
Trade Ideas Educator: EURJPYDaily Chart(Right) having a bearish bat as a trend trading setup and counter-trend bullish bat setup.
On the 4-hourly chart(left) a bearish shark setup zone within the double sell zone.
USDJPY-Weekly Market Analysis-Jul19,Wk1On a trend-trading move, USDJPY has a bearish shark pattern form up on the double-sell zone. Waiting patiently for the price to head straight to sell zone for a trading opportunity.
GBPUSD-Weekly Market Analysis-Jul19,Wk1Waiting for the market to break below the low and a retracement back to the overlapped zone for another shorting opportunity.
Trade Ideas Analysi: GBPUSD S&RClassic setup at times is better than any other setup. Shorting opportunity present at the tip of the sell zone may give a wonderful Reward:Risk(RRR), but it does pose a higher potential of breaking the trend.
Trade Ideas Position: GBPJPY GartleyDeep Gartley Setup at X, waiting for the candle close to see if it valid to engage the trade.
Having the candle close about the pink box the trade will be invalid.
Trade Ideas Position: CADJPY BatWhat will you do when you spotted a retracement before your Harmonic Pattern trigger?
Wait for the trade to form up or disregard the trade?
Trade Ideas Position: EURJPY BatWaiting for a shorting opportunity on this emerging bearish bat pattern. I'm also looking for a potential buying opportunity when the market hit the ideal setup for the trade.
What're your thoughts on this? Comment down below. Do also share do you trade a single strategy and screen it through all the setup or you have a fixed set of currency pairs.
Trade Ideas Position: GBPUSD BatBearish Bat Pattern setup as another trend trading opportunity, I've missed it so I will be waiting for a retest of D to engage this trade setup.
Trade Ideas Position: GBPJPY BatSaw the spikes, on the lower timeframe, 15-mins chart there was a bearish bat who spike upwards, notice how the RSI divergence shows a possibility of a bearish move. Well RSI is not everything nor the holy-grail. The spike had hit the 1st target if it was engaged.
For those who had not engage, don't worry and don't chase, I will wait for confirmation on this bat pattern instead.
ETH/USD, sell after pullbackPriority: Short
Reasons for open position:
- Sell zone
- Trend changed
- Low risk
- Key level 260.6
- S/L above 262.2
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GBP/USD Sell ZonePriority: Short
Reasons for open position:
- Sell zone
- Mirror level
- Wait a pullback and sell
- S/L above 1.2682
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XRP/USD, open sell after pullbackPriority: Short
Reasons for open position:
- Sell zone is 0.453-0.461
- Locally trend has changed to short when price break down level 0.435
Stop above 0.461
Take profit 1/2 (0.4375) and higher, depends on your greed
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Trade Ideas Position: EURJPY BatBearish Bat within sell zone, for this trade I'm going to just place my pending order in to engage the trade. It is considered as a trend trading opportunity.
Trade Ideas Position: NZDUSD BatBearish Bat setup within sell zone. It's a trend trading opportunity for this setup and RSI has hit overbought.
Quite a lot of my portfolio has triggered or potential setup, does such bothers you and affect your trade plan? Not for me.
Your Game, Your Rules
XRP/USD, trade from sell zone Priority: Short
Reasons for open position:
- Sell zone is 0.4045-0.4130
- Locally downtrend
Stop above 0.413
Take profit 1/2 and higher, depends on your greed
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Trade Ideas Educator: Bat DivergenceThis 2 trade got caught by the market. AUDUSD got back to the entry price, but still within the sell zone and with RSI Div. I will still hold onto this trade till it either hit targets or my stop.
NZDUSD, on the other hand is much more tricky. No doubt that is an RSI Divergence as well but the candle break and close above the sell zone forming new high. I will also stick to my plans but what're your thoughts.
Love to hear from you what will you do if you had already engaged a short trade on Point D completion.
Trade Ideas Educator: GBPJPY BatBearish Bat VS Bullish Shark with such setup 1 cannot live in the presence of another as the other pattern will be invalid once 1 has formed up.
A likelihood and more comfortable setup will hence be the bearish bat setup as it is within the sell zone.
What is your trade plan?
GBPUSD-Weekly Market Analysis-Jun19,Wk2On the daily-chart, bullish shark pattern setup for a buying opportunity and the great thing about this for many traders is on the 4-hourly chart the market is now within the sell zone but at the very extreme end of it.
Such setup although is high-risk for sellers but it provides a fantastic reward:risk. The ball is in your court and the choice is yours.
Follow your trade plan.
Trade Ideas Position: EURJPY BatTypically not the best setup, conservative traders may want to wait for candle confirmation before engaging the trade.
However, this trade is set up at the tip of the sell zone and event the 1st target produced a 2:1 Reward: Risk.
The choice is in your hand, your plan, you decide.
Trade Ideas Position: CADJPY SharkA bearish shark pattern form up at D price, showing a potential shorting opportunity, however, this trade recent candle is very bullish in addition to that a wide sell zone above X, I will need to wait for a bearish selling opportunity before engaging the trade.
