Sellzone
Trade Ideas Position: USDSGD BatRemember this? We have shared this last Friday. After much consideration, I do see this is tradable setup, not the usual pair I will trade but with information gather, I have already placed the pending order.
The only thing is to wait for the market to retest the suppose entry price.
Trade Ideas Position: NZDJPY SharkBearish Shark Pattern within the sell zone is perhaps the most preferred setup I was looking for to engage a trade. In addition to that an RSI Divergence and the fact that this is a trend trading trade, further sweeten it.
The only thing that I don't quite like, it is near the end of the recent low. However, it's just an intraday trade.
DO IT ALREADY right?
USDJPY-Weekly Market Analysis-May19,Wk5On the daily chart(right) an emerge bullish bat pattern is on the way and on the 4-hourly chart(left) the bearish bat pattern is emerging.
So what should you be doing?
That's when 2 important things come in place.
1) Filters and trade plan: this removes emotion and uncertainty in trading.
2) Overall market fundamental analysis, in this case, US Economy vs Japan Economy:
US
Any news along with interest rate cut, trade war, etc...
Japan
Any exchange rates intervention?
Have a good think through on this.
USDJPY-Weekly Market Analysis-May19,Wk4A simple sell zone and an aggressive shorting opportunity when the market opens on this long shadow candle.
Check your live data on the closing price of the bullish long shadow, mine live data, the candle just close at the previous high and did not close above.
Trading can be simple.
EUR/USD Trading PlanPriority: Short
Reasons for open position:
- sell zone is 1.1275-1.1278
- high of candle with highest volume
- wait a pullback and open sell
Stop above 1.1288. More safe stop loss will be at 1.1304 and above. You make a decision which risk you takes
Take profit 1.1210 and higher, depends on your greed
If you like idea, please push like and subscribe, it motivates me to post ideas more often.
Trade Ideas Position: GBPJPY BatLooking for shorting opportunity by 2245hr if the trade didn't trigger, this trade will be invalid for me.
That is 1 of the filter I use for harmonic patterns, come and think of it, if the market just hover within Point C and Point D for 6years before hitting it, will it still be valid?
This is 1 good thoughts you should have, how long more for this to be invalid.
Exact Entry, Stops and Targets sent to my subscribers.
Trade Ideas Position: EURUSD BatA Fib inversion, ABCD pattern, Bearish Bat all line up within the 4-hourly sell zone for this trend continuation setup.
Trade Plan set up for me and will post to my subscribers.
Tomorrow at 18:08hr we are going Facebook Live and go through 12 chart over with Harmonic Patterns and Structure Trading. Like our facebook and join us there.
EURUSD-Weekly Market Analysis-Mar19,Wk2EURUSD on both Daily Chart and 4-Hourly Chart has broken below and closed below the support, however, that support line is a great restraint on its weekly chart.
I'm waiting for the market to retrace back into the sell zone to look for shorting opportunity.
This upcoming Wednesday, we are going to do a 12-chart live analysis on Facebook, like our facebook page and join us at 6.08pm(+8GMT)
askForex100 - MYRTHB March19A friend of mine is looking to change MYR to THB and it has to be done before 22March19.
So what I did, I pull out the Daily Chart and analyse, the rate now is at 7.81THB is perhaps 1 of the better rates in the month of March, well, it may touch 7.87THB risk of it sliding to 7.73THB or even 7.61THB is great.
In exchange for a better exchange rate of 0.06THB and risking it to 0.08THB or even 0.20THB against your favour what will you choose?
Well, Forex Trading is not gambling, is through Technical and at times Fundamental Analysis in analysing the most probably move in the market.
Is both a skill and an art.
Let's see how the market roll out.
USDJPY-Weekly Market Analysis-Mar19,Wk1On the Daily Chart(right) we can spot that is approaching another sell zone in matters of time.
Wherelse in the 1-hourly timeframe(left), there is an overlap buy zone within the 4-hourly chart and 1-hourly chart.
Counter-Trend Traders can wait for double top to form up, preferably within the D1 Sell Zone for shorting opportunity.
Do take note of the structure(purple box) when you are looking to short the pair.
This Wednesday, 6Mar2019, 19:08pm-21:00(+8GMT) I might be going through 12 currency pairs on the mid-week analysis, like and follow our facebook to join us for the session:
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EURUSD-Weekly Market Analysis-Mar19,Wk1On the 4-hourly chart we have Shark Pattern(Grey) and Bat Pattern(Pink) within the higher timeframe sell zone.
If shark pattern didn't complete by 5Mar19, 22:00(UTC) it will deem invalid for me.
Later this Wednesday, 6Mar2019, 19:08pm-21:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis
Like our facebook page so when we went live, you will be notified:
www.facebook.com
SHARE our post so more traders can benefit from the analysis and
COMMENT 1 thing that you like about the analysis.
Your support is greatly appreciated.