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[Bullish Run Persist]
I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the... more[Bullish Run Persist]
I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the trade.
If you are waiting for a counter-trend trade, the Bearish Bat Pattern on the daily chart(right) 149.12 seems like a better trading setup than the AB=CD Pattern.
If you love what you are seeing, remember to follow my only account, raynlim
Live chart:
https://www.tradingview.com/chart/USDJPY/4D2Dbg55-Bullish-Run-Persist/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
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#USDJPY #trendline #supportlevel #trendcontinuation #trendtrading #harmonicpatterns #countertrend #bearishbat #batpatterns #candlestickpattern #candlestickanalysis #supportandresistance less
https://vimeo.com/839488976
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[USDJPY Shorting Opportunity Looming, But My Bullish Bias Remains Strong]
In the midst of a Type 2 Bearish Bat Pattern on the daily chart and a Bearish Shark Pattern on the 1-hourly chart, traders may be eyeing a shorting opportunity for the USDJPY.... more[USDJPY Shorting Opportunity Looming, But My Bullish Bias Remains Strong]
In the midst of a Type 2 Bearish Bat Pattern on the daily chart and a Bearish Shark Pattern on the 1-hourly chart, traders may be eyeing a shorting opportunity for the USDJPY. However, my bullish bias on this currency pair remains steadfast.
Rather than jumping on the bearish bandwagon, I am patiently waiting for a prime buying opportunity on the USDJPY. I'm closely monitoring a Bullish 5-0 pattern that could potentially complete at 134.71, presenting an ideal entry point for a long position. Stay tuned for further updates on this developing trade opportunity.
Live chart:
https://www.tradingview.com/chart/USDJPY/WI3d4mer-My-Bullish-Bias-Remains/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #type2 #bearishbat #batpatterns #harmonicpatterns #bearishshark #sharkpatterns #50patterns #candlestickpattern #candlestickanalysis #supportandresistance less
https://vimeo.com/826646361
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[Trading Opportunity Everywhere]
If the Bearish Bat Pattern on the daily chart is not good enough for you(link within tradingview). The 1-hourly chart Bearish Crab Pattern would be a great setup for you. The completion point is at 134.24 and provides... more[Trading Opportunity Everywhere]
If the Bearish Bat Pattern on the daily chart is not good enough for you(link within tradingview). The 1-hourly chart Bearish Crab Pattern would be a great setup for you. The completion point is at 134.24 and provides you with a shorting opportunity. You have to wait for candlestick pattern confirmation before engaging in the trade.
Trend Traders could wait for buying opportunity on the Key Support Level at 133.33
Live chart:
https://www.tradingview.com/chart/USDJPY/FuAUAQKh-Trading-Opportunity-Everywhere/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #bearishcrab #crabpatterns #countertrend #bearishbat #candlestickpattern #candlestickanalysis #harmonicpatterns #keysupport #supportandresistance less
https://vimeo.com/817943158
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[DOLLAR CRASH!? NOPE! NOT NOW!!]
If you are on the Media, you would have heard that the DOLLAR is CRASHING, countries are ANTI-US DOLLAR, etc, etc...
I don't see any crashes happening on the chart. It is important for independent traders like... more[DOLLAR CRASH!? NOPE! NOT NOW!!]
If you are on the Media, you would have heard that the DOLLAR is CRASHING, countries are ANTI-US DOLLAR, etc, etc...
I don't see any crashes happening on the chart. It is important for independent traders like ourselves, not to get swayed by the news headline; see it for yourself.
What I'm seeing right now, saddens me more than the crashes; the market is going into the consolidation phase.
How do I know that?
A series of Bat Patterns, that's it. The market reflects on what market participants felt.
If you are looking for shorting opportunity, you are in luck.
On Daily Chart(left), Bearish Bat Patterns completing at 136.96 and on the 1-hourly Chart, we have the Bearish Crab Pattern completing at 132.54 and Bearish Bat Pattern completing at 132.87.
Live chart:
https://www.tradingview.com/chart/USDJPY/PLqhzuhh-DOLLAR-CRASH-NOPE-NOT-NOW/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #batpatterns #countertrend #bearishbat #bearishcrab #crabpatterns #candlestickpattern #candlestickanalysis #harmonicpatterns less
https://vimeo.com/816035532
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A 533pips missed if you had not followed the analysis I've posted since March 6 (related link within this TradingView Post). It has yet to reach its final target.
On a longer-term perspective, the USDJPY is on a Bullish Trend and traders looking to... moreA 533pips missed if you had not followed the analysis I've posted since March 6 (related link within this TradingView Post). It has yet to reach its final target.
On a longer-term perspective, the USDJPY is on a Bullish Trend and traders looking to engage the trade to buy can wait for a buying opportunity on the 4-hourly chart.
Some of the ways include a Double Bottom to engage the trade.
Live chart:
https://www.tradingview.com/chart/USDJPY/OGwABGw9-A-533pips-of-Profit-missed/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #rsidivergence #bearishbat #trendtrading #batpattern #supportandresistance #supportlevel #candlestickpattern #candlestickanalysis #harmonicpatterns #doublebottom less
https://vimeo.com/809514355
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If you have managed to short the USDJPY trade on the Bearish Bat Pattern, congratulation is on the way. If you have not engaged the trade, perhaps you can wait for the market to retest 136.95 on the 1-hourly chart to engage the Bearish Shark Pattern... moreIf you have managed to short the USDJPY trade on the Bearish Bat Pattern, congratulation is on the way. If you have not engaged the trade, perhaps you can wait for the market to retest 136.95 on the 1-hourly chart to engage the Bearish Shark Pattern could be the next best thing that could happen to you.
All you need to do is to wait and see if the opportunity presents itself.
Live chart:
https://www.tradingview.com/chart/USDJPY/ftVVFcPi-A-retest-could-save-your-some-money/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #combotrade #countertrend #bearishbat #batpatterns #bearishshark #sharkpatterns #candlestickpattern #candlestickanalysis less
https://vimeo.com/804888126
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Last Friday, I shared this analysis in Tradingview; the comment I received is lovely yet scary. The reader felt that the Bat Pattern had completed and seemed like he had engaged in the trade. Oh nooo!!
First of all, no matter who the analyst was, never... moreLast Friday, I shared this analysis in Tradingview; the comment I received is lovely yet scary. The reader felt that the Bat Pattern had completed and seemed like he had engaged in the trade. Oh nooo!!
First of all, no matter who the analyst was, never follow their trading ideas blindly. Secondly, for the Bearish Bat Pattern to be valid, the market has to touch the furthest end of the PRZ; in this example, it's at 1.1251 and touches the opposite end of the PRZ for it to be valid.
Engaged in advance of the pattern completion can risk riding on an invalid setup or put yourself at a major disadvantage when you enter too early.
Some of the obvious disadvantages is a lopsided Reward is to Risk; you risk more and earn lesser than other traders who engaged in the same trade. While others can shift their stop-loss to entry, you could only reduce your risk.
With that said, in this bearish setup, my analysis remains unchanged.
Live chart:
https://www.tradingview.com/chart/GBPUSD/tovzJiWx-GBPUSD-Weekly-Market-Analysis-Oct22-Wk1/ />
#GBPUSD #bearishbat #batpattern #trendtrading #keyresistance #sellzone #supplyzone #candlestickanalysis #candlestickpattern #harmonicpatterns #supportandresistance less
Last Friday, I shared this analysis in Tradingview; the comment I received is lovely yet scary. The reader felt that the Bat Pattern had completed and seemed like he had engaged in the trade. Oh nooo!!
First of all, no matter who the analyst was, never fo
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The analysis on USDJPY remains bullish, but for now, we're on the lookout for counter-trend trading opportunities. 
USDJPY is currently of lower priority for trading this week.
