Stretch
Trade Ideas Position: AUDUSD ButterflyHave I not warned that Australia Dollar is going to crash? This morning there is a big move, and this is a reminder to traders who are optimistic about Australia economy. The flash crash is just the beginning, the 1st wave which I had shared months ago that the significant drop will happen around 1 June 2020 give and take. The threat is real, and the crash happens when the market break and close below 0.6350 on the monthly chart. That would pave the path of AUDUSD to 0.5365, and it will most likely happen on 1 June 2023 give and take.
I'm looking for an aggressive short
Trade Ideas Position: GBPAUD SharkA bearish shark pattern that converges with the 5-0pattern for a shorting opportunity forms at the peak of the band isn't that great?
Don't underestimate the small wick over there, it is close to 50pips difference, and the tip of the 5-0 Pattern happens to be the HOP(Harmonic Optimal Price) on the bearish shark setup.
I've placed a sell limit order to engage this trade, and that gives me a fantastic Reward: Risk. Aggressive Traders can decide if they are going to enter the trade.
Trade Ideas Position: GBPUSD GartleyA trend trading setup presents itself, and it has six signs of a potential bearish move.
1. The market is back to the sell zone.
2. Bearish Gartley setup within the sell zone(supply zone)
3. AB=CD pattern setup within the sell zone
4. Arrow showing selling opportunity and market check-back to the arrow
5. Candle consolidate on the top of the band
6. Crab Pattern Target Profit Reversal Zone
I've already engaged the trade and use the stretch technique on this trade.