• Rayn Lim
    A Bearish Deep Gartley is a great setup for trend traders to hop in on a shorting opportunity at 1.01285. What is important is waiting for the right pattern and candlestick confirmation before engaging in the trade.

    There's a resistance level on the...  more
  • Rayn Lim
    In this week's Weekly Market Analysis, we are looking at EURUSD intra-day timeframe. There is a Deep Bearish Gartley Pattern that is complete at X at 1.0246. Candlestick Pattern confirmation is a requirement before engaging the trade.

    Live chart:
    ...  more
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  • Rayn Lim
    A Bearish Deep Gartley Pattern that is complete at X is my favourite trading setup. Not only does it gives the best profit factor among its peers , but the results that I'm getting are also pretty good.

    However, you have to be aware that by taking this...  more
  • Rayn Lim
    Don't feel bad if you have missed the Bearish Shark Pattern movement, especially if you have deliberately avoided it.

    I believe you would have regretted if you had long instead of shorting the Shark Pattern because you saw the news that the Bank of...  more
  • Rayn Lim
    Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run.

    If you had missed those waves, don't...  more
  • Rayn Lim
    Compare to EURUSD, the GBPUSD Bearish Deep Gartley Pattern isn't as promising.
    There are 2 reasons for that:
    1) The candle break and close above Point D, the PRZ.
    2) Point BC has a violation.

    You can DM me on the reason for the violation and I let you...  more
  • Rayn Lim
    If you had watched the video analysis, you would have seen how the wick of the candlestick touches the Bearish Parallel Channel and reverse. That's when you know you have plotted the trendline or channel accurately.

    Within this 1-hourly chart, from X to...  more
  • Rayn Lim
    A Type 2 Bullish Bat Pattern completed at 1.3420. Why is it important to know if it is a Type1 pattern or a Type2 pattern?

    Well, a Type 2 pattern simply means that the Harmonic Pattern has reached Target1(at the minimum), this means that some of the...  more