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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�
https://discord.gg/AKDr9vPqH7
#USDJPY #trendline #supportlevel #trendcontinuation #trendtrading #harmonicpatterns #countertrend #bearishbat #batpatterns #candlestickpattern #candlestickanalysis #supportandresistance less
https://vimeo.com/839488976
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[Most Traders Lose Money because of this...]
Look at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the... more[Most Traders Lose Money because of this...]
Look at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the bigger picture, EURUSD is on a Bearish Move.
I'm not saying you can't make money if you have bought EURUSD, but you shouldn't stretch your target when you are counter-trend trading and you won't know that if you didn't get the trend right.
On the lower timeframe, the 4-hourly chart, Trend Traders could wait for a retest of the Key Resistance Level at 1.0912 and wait for a Magic Candle Confirmation to engage the trade.
Counter-Trend Traders could wait for the completion of the Bullish Shark Pattern, followed by a Magic Candle Confirmation at 1.0707 before heading for a buying opportunity.
What's your trade plan for the week? Comment down below.
Live chart:
https://www.tradingview.com/chart/EURUSD/rDgNU9rs-This-is-why-Most-Traders-Lose-Money/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#EURUSD #keyresistance #trendtrading #bullishshark #sharkpatterns #countertrend #supportandresistance #support #resistance #countertrend #candlestickanalysis #candlestickpattern less
https://vimeo.com/839489573
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Channels Recommended for You
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[Dollar Bias!]
My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern... more[Dollar Bias!]
My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level.
If you are looking for a counter-trend move, I've something for you. A Bearish Butterfly Pattern that seems to complete at 141.65; in order for this trading setup to complete, the candlesticks pattern must touch 141.51 within the next 2 candles, which means within 8 hours after the market opens.
If you love what you are seeing, remember to follow my only account, raynlim
Live chart:
https://www.tradingview.com/chart/USDJPY/dZ8faKV2-Dollar-Bias/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#USDJPY #supportlevel #trendcontinuation #trendtrading #harmonicpatterns #countertrend #bearishbutterfly #butterflypatterns #candlestickpattern #candlestickanalysis #supportandresistance less
https://vimeo.com/837286042
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[What's Next?]
I'm waiting for a shorting opportunity on the EURUSD, and the best trading setup I could be waiting for is the retest of the previous resistance at 1.0960 on the 1-hourly chart.
If you are waiting for a buying opportunity, the support... more[What's Next?]
I'm waiting for a shorting opportunity on the EURUSD, and the best trading setup I could be waiting for is the retest of the previous resistance at 1.0960 on the 1-hourly chart.
If you are waiting for a buying opportunity, the support level on the 4-hourly chart, 1.0863, could interest you.
What is your trade plan?
Comment down below.
Live chart:
https://www.tradingview.com/chart/EURUSD/3q5yoQ7t-What-s-Next/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#EURUSD #trendtrading #supportandresistance #support #resistance #countertrend #candlestickanalysis #candlestickpattern less
https://vimeo.com/837282508
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[A Closer Look: The Intriguing Factors That Have Sustained My Interest in This Promising Buying Opportunity]
When it comes to GBPUSD, my sights are set firmly on one direction: buying opportunities. The stage is set for a potentially lucrative trade,... more[A Closer Look: The Intriguing Factors That Have Sustained My Interest in This Promising Buying Opportunity]
When it comes to GBPUSD, my sights are set firmly on one direction: buying opportunities. The stage is set for a potentially lucrative trade, and I'm eagerly awaiting the perfect entry point.
On the 4-hourly chart, a retest of the trendline (right) holds the key to triggering a buying opportunity. As long as the price remains above the lowest trendline, a breakout could present an ideal entry. Alternatively, a break and close above the high at 1.2483 (also on the 4-hourly chart) could be the signal to jump in.
Delving deeper, the 1-hourly chart (left) offers additional scenarios for a potential buying opportunity. A retest of support at 1.2421 or a more significant level at 1.2395 could both serve as triggers for an entry.
But why this unwavering persistence? Let's turn our attention to the weekly chart, where a break and close above resistance becomes a compelling catalyst for my bullish stance. Although we remain within the sell zone, I'm already scouting for buying opportunities, anticipating a potential shift in momentum.
Now, what if I'm wrong? It's a calculated risk. I understand that hitting stops is a possibility, but I mitigate that risk by ensuring most of my trades have a profit factor of 2. This means I can maintain profitability with a 40% accuracy rate.
So, as the GBPUSD landscape unfolds, I remain resolute in my pursuit of buying opportunities, armed with strategic insights and a calculated approach to capitalize on potential gains.
Live chart:
https://www.tradingview.com/chart/GBPUSD/U8KYPi0s-A-Closer-Look/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#GBPUSD #channels #supportandresistance #rsidivergence #trendtrading #combotrade #trendtrading #trendcontinuation #candlestickanalysis #candlestickpattern less
https://vimeo.com/828792468
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[Unlocking Profit Potential: Why I'm Holding Out for a Prime Buying Opportunity]
This week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD... more[Unlocking Profit Potential: Why I'm Holding Out for a Prime Buying Opportunity]
This week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD pattern - have emerged, signalling a potential bullish trend.
While I hold a bullish bias due to a previous break and close above resistance on the weekly chart, I exercise caution and wait for confirmation from candlestick patterns before entering the trade.
This strategic approach ensures that I make informed and calculated trading decisions.
Live chart:
https://www.tradingview.com/chart/GBPUSD/tDHr59n3-Unlocking-Profit-Potential-Why-I-m-Holding-Out-for-a-Prime-Buyi/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#GBPUSD #trendtrading #combotrade #abcdpattern #bullishshark #sharkpatterns #harmonicpatterns #trendtrading #trendcontinuation #candlestickanalysis #candlestickpattern less
https://vimeo.com/826642429
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[How to Trade the Dollar Both Ways - Bullish or Bearish]
US Dollar has been in focus recently due to several factors such as debt limit concerns and bank failures. However, my analysis indicates that the Dollar is still bullish and I'm looking for a... more[How to Trade the Dollar Both Ways - Bullish or Bearish]
US Dollar has been in focus recently due to several factors such as debt limit concerns and bank failures. However, my analysis indicates that the Dollar is still bullish and I'm looking for a buying opportunity at 133.75, provided that the support level holds.
For those who are seeking shorting opportunities, the red trendline could be a potential entry point. As long as the structure remains unbroken, a shorting trade could be considered, with the first target at 133.75.
Whether you're bullish or bearish on the Dollar, there are opportunities to trade it both ways. Stay tuned for further updates.
Live chart:
https://www.tradingview.com/chart/USDJPY/22JFq1OV-How-to-Trade-the-Dollar-Both-Ways/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#USDJPY #trendtrading #trendcontinuation #supportlevel #supportandresistance #countertrend #trendline #candlestickpattern #candlestickanalysis #supportandresistance less
https://vimeo.com/824526930
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[Bullish, Planning to Buy & Hold]
Despite being within the sell zone on the weekly chart, there has been a clear break and close above the previous structure.
This has led me to adopt a bullish stance on the mid to long-term outlook and I'm currently... more[Bullish, Planning to Buy & Hold]
Despite being within the sell zone on the weekly chart, there has been a clear break and close above the previous structure.
This has led me to adopt a bullish stance on the mid to long-term outlook and I'm currently waiting for a buying opportunity on the 1-hourly chart.
The buying opportunity may arise either at the trendline, if the candle touches it but doesn't break and close below it, or at the support level of 1.2556, which could provide another potential entry point for a long position.
Stay alert for these potential opportunities to capitalize on the market's movement.
Live chart:
https://www.tradingview.com/chart/GBPUSD/q87IYFLS-Bullish-Planning-to-Buy-Hold/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#GBPUSD #trendtrading #combotrades #supportlevel #supportandresistance #trendcontinuation #candlestickanalysis #candlestickpattern less
https://vimeo.com/824523696
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