GBPUSD-Weekly Market Analysis-May19,Wk4Just a sell zone as I wait for market retrace back to 1.2900. On the daily chart perspective, seems like this bullish shark pattern has a higher tenancy of forming up after all.
Patience is the key.
Sellzone
EURUSD-Weekly Market Analysis-May19,Wk4On the trending market, I'm waiting for a bearish gartley to setup within the sell zone and on the 1-hourly chart, a bullish shark has already formed up. Although it passes X if it meets your rule it is still a valid trade(only for shark pattern)
EURUSD-Weekly Market Analysis-May19,Wk3A bearish deep Gartley setup within the sell zone that give traders an opportunity to engage this bearish Gartley trading opportunity.
Can't wait for this trade to set up and most likely it will happen this week or next. Watching it closely.
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
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EOSBTC H1 Bearish Bat Pattern within sell zoneQuick Trade for a short as current price has passed Point B of the Bearish Bat pattern.
Entry: 11305 - 11436
SL: 11585
TP: 10969
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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:
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COMMENT 1 thing that you like about the analysis.
Your support is greatly appreciated.
EURUSD-Weekly Market Analysis-Feb19,Wk51 thing I love on the bearish shark, it completes at the sell zone on the daily chart.
But 1 thing I don't like about it, the ABCD completion came into the zone of previous support which is a legit resistance area.
My exact trade plan will be shared with my subscribers.
This Wednesday, 26 Feb 2019, 8.08pm-10pm(+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.
Trade Ideas Position: EURJPY ButterflyAn extended Butterfly Pattern Type 2 trade shown up.
Look to engage the trade and exact entry, stops and targets share with my subscribers.
This butterfly got back to the sell zone.
Trade Ideas Position: GBPAUD SharkBearish shark formation of this pose a shorting opportunity, trade has already engaged and exact entry, stops and targets shared with my subscribers.
Trade Ideas Position: NZDUSD BatBearish Bat formation forming up. One nice thing on this formation is the Pt D completion is not just near X but is near a consolidation area.
But what I don't quite like is the recent bullish candle is stronger than the bearish candle.
Exact Entry, Stops and Targets sent to my subscribers.
Trade Ideas Position: CADJPY SharkA bearish shark forming up back to the same supply/demand zone.
Looking for a shorting opportunity in this trade and is highly likely for this shark pattern to achieve target2 once target 1 is hit as the target2 is within the target2 of the previous bearish bat pattern
Exact Entry, Stops and Targets sent to my subscribers.
GBPUSD-Weekly Market Analysis-Feb19,Wk4This week for the Weekly Market Analysis for GBPUSD, I'm waiting for a shorting opportunity back into the sell zone.
Such an opportunity could happen in any moment as this is when I will be waiting for a double top on the lower time frame, in this case, the 1-hourly chart(on the left.)
You can watch the video version of this analysis on our facebook page.
EURUSD-Weekly Market Analysis-Feb19,Wk4This week market on EURUSD remains bearish and before the bearish shark formation forms, we have a sell zone right before it.
The Cyan triangle indicates a bullish butterfly on the daily chart which completes at 1.1116 and is still too early for me to look at it.
Follow us on our facebook page to watch the video version of this analysis.
Trade Ideas Positions: CADJPY BatBearish Bat Pattern spotted during our student gathering last night and levels has been shared with my subscribers while I'm on the GO.
Trade already engage and if you don't wish to miss such great trading opportunity, just join our trade ideas community, PM me if you are interested.
Trade Ideas : USDSGD Bearish Sell Zone falls within the Bearish Shark Pattern and let say if head and shoulders form up, the long completed back into the sell zone.
The Hollywood of trading will be short all the way to right shoulder and long it up to Bearish Shark and short it back down again.
Well, I DON'T DO THAT! Tomorrow, 13 Feb 19 we are going live on Facebook at 4.07pm(+8GMT), we will be going through that: www.facebook.com
Trade Ideas Analysis: GBPJPY Sell ZoneSell Zone trade it is, it depends on how this 1-hour candle close for me to make my call. This is still considered a trend trading for bearish traders hence I'm more aggressive in this trade.
In addition to that, it could pose an opportunity for me to get in a retest of the long at previous Point D completion of the Bullish Gartley.
Exact Entry, Stops and Targets shared with my subscribers.
EURUSD-Weekly Market Analysis-Feb19,Wk3Tons of shorting opportunities for this pair, if you have missed it, is quite a pity.
We have share these trading opportunities with our subscribers.
1st opportunity, short on Daily Bearish Gartley Pattern(yellow), then we have a bearish head and shoulders formation, follow by a bearish flag then end off with the Bearish Shark Pattern.
Right now, I'm observing should the market break below and close below 1.1300, then it will give more shorting opportunity.
In a most likely situation, the market may have a retracement at 1.1300, that gives the counter-trend trader an opportunity to trade it.
