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Type2

OMG! Did I miss a trade?OMG! I was doing a qualifying call, and I might have missed the trade! And this is why I don't usually trade off the 15-minutes chart. From my experience, this trade is gone, but a retest on 128.98 happens; it is a great second-chance entry. 2 Economic Data to take note On 18Jan23(GMT+8) Tentative(usually before 3pm) JPY - BOJ Outlook Report JPY - Monetary Policy Statement JPY - BOJ Press Conference 9.30pm(GMT+8) US Core Retail Sales US PPI In any case, by the time the economic data is released, you should have achieved Target1 Profits.
Short
by RaynLim
NZDJPY - Bearish Bat RetestLast week's video analysis I did talk about this Bearish Bat Pattern. If you have engage this trade, congratulation, you have gain close to 100pips of profits. Don't worry if you have not engage on this Bat Pattern, you can wait for a retest at 83.50. A retest Bat Pattern is also known as Type2 Pattern. Usually, the movement of such setup is more gentle than the type1 setup. Patience is required. What I like about this setup, it gives me an opportunity to hop on the Daily Chart's potential bearish flag pattern.
Short
by RaynLim
USDJPY-Weekly Market Analysis-Mar22,Wk2On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the TradingView post) There is a possibility to earn the 103pips movement by reversing the trade. I will wait for a double bottom with RSI Divergence on the 1-hourly chart before engaging the trade. Any idea why that is important? Comment down below.
Long
by RaynLim
$DOT / USD - PoldaDOT is so rdy - LONGPolkadot just made a full 886 retrace with a Type 2 return, double bottom right at the 886 now just look what happened after last full retrace One could easily setup a trade here and stop out below the double bottom sind you don't wanna have anything to do with DOT below that major accumulation structure. Take your profits wisely according to those fiblevels. 38-61 is the golden zone but keep some for the moon ;) Good luck on your trading, stay safe!
Long
by 10xTrading
CADJPY - Bullish ButterflyWOW! CADJPY is our trade of the month. First, we engaged the trade on a Bullish Crab Pattern and before the Crab Pattern has even moved towards the direction that I was trading. I'd also spotted the Head and Shoulder opportunity to buy. With Trade management, that trade easily brought us 280pips(approx. 2,800USD/lot traded) of pure profit If you trade Type2 Pattern, on the 4hourly chart, we have a Bat Pattern to complete at 90.12. Well, if you are like me, when there's an immediate pattern and you prefer Type1 Pattern over Type2 Pattern, the Bullish Butterfly Pattern completed at 89.63 on the 1hourly Pattern.
Long
by RaynLim
EURUSD-Weekly Market Analysis-Feb22,Wk4If you had caught the Bullish Shark Pattern and Bearish 5-0Pattern congratulation to you. That's 100pips on each movement, which totals to 200pips(2,000USD/lot traded) if you traded both of them. Some traders do trade Type2 Pattern, if that's you there will be 1 that is showing up, the Shark Pattern on the 4-hourly chart soon. However, if that's not for you, there is a Bullish Gartley Pattern that is complete on the 1-hourly chart in the same region.
Long
by RaynLim
GBPAUD - Bullish Deep Gartley Some traders may read this as a type 2 Bullish Bat Pattern but are certainly not for me. If you are having that conclusion by reading the candlestick pattern, you aren't wrong, but once again not for me. I would prefer to engage the trade based on the latest Harmonic Patterns formed in the chart, which is the Bullish Deep Gartley Pattern. The Deep Gartley Pattern form near the Buy Zone within the 4-hourly chart. Have a closer look at this on Monday if not latest by Wednesday, it should form up if it is meant to.
Long
by RaynLim
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