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An emerging Bearish Bat Pattern formation completes at 104.00. Although it is a nice Price Action Level, it may violate the sideway consolidation upper-trendline.
That being said, on the 1hour chart, it can have the bearish bat formation and not breaking... moreAn emerging Bearish Bat Pattern formation completes at 104.00. Although it is a nice Price Action Level, it may violate the sideway consolidation upper-trendline.
That being said, on the 1hour chart, it can have the bearish bat formation and not breaking the integrity of upper trendline as long as the market turns and close below the trendline before the close of the 4-hours candle.
I'm looking at a bearish Dollar on the short-term.
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Live Chart:
https://www.tradingview.com/chart/USDJPY/dwsdO86q-USDJPY-Weekly-Market-Analysis-Jan21-Wk4/ />
#bearishbat #trendtrading #USelections2020 #USDJPY #SupportandResistance #candlestickanalysis #HarmonicPatterns #batpattern #sidewayconsolidation less
An emerging Bearish Bat Pattern formation completes at 104.00. Although it is a nice Price Action Level, it may violate the sideway consolidation upper-trendline.
That being said, on the 1hour chart, it can have the bearish bat formation and not breaking t
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My bias in shorting USDJPY still stands, in fact on Monday morning I may just engage a trend trading trade by shorting USDJPY on this Shark Pattern as long as the market didn't gap away from the current price. What's nice about this setup is that not... moreMy bias in shorting USDJPY still stands, in fact on Monday morning I may just engage a trend trading trade by shorting USDJPY on this Shark Pattern as long as the market didn't gap away from the current price. What's nice about this setup is that not only the shark pattern form within the sell zone it is on an RSI Divergence.
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Live Chart:
https://www.tradingview.com/chart/USDJPY/OW2gLHXB-USDJPY-Weekly-Market-Analysis-Jan21-Wk2/ />
#bearishshark #trendtrading #USelections2020 #USDJPY #SupportandResistance #candlestickanalysis #checkback #HarmonicPatterns #sharkpattern less
My bias in shorting USDJPY still stands, in fact on Monday morning I may just engage a trend trading trade by shorting USDJPY on this Shark Pattern as long as the market didn't gap away from the current price. What's nice about this setup is that not only
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Well, I've told you there's no need to panic for crab pattern , it usually has a retest of previous low before it took off. The structure of this trading setup is also known as a sideway consolidation, although the highs(resistance) and lows(support) are... moreWell, I've told you there's no need to panic for crab pattern , it usually has a retest of previous low before it took off. The structure of this trading setup is also known as a sideway consolidation, although the highs(resistance) and lows(support) are not too far apart(which will affect our income potential), it is still good for meal money.
Well, in the short to medium term, the money is in the buying(long). If you are patient can wait for a retest back to previous low where my blue arrow sits to buy it, and if you are aggressive and like to get involved, you may consider shorting as long as the candle didn't break and close above the yellow channel when the market opens.
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Live Chart:
https://www.tradingview.com/chart/USDJPY/9UshBsPg-USDJPY-Weekly-Market-Analysis-Jan21-Wk1/ />
#sidewaybounce #ranging #countertrend #USDJPY #USelections2020 #crabpattern #SupportandResistance #candlestickanalysis #checkback #HarmonicPatterns less
Well, I've told you there's no need to panic for crab pattern , it usually has a retest of previous low before it took off. The structure of this trading setup is also known as a sideway consolidation, although the highs(resistance) and lows(support) are n
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An ABCD Pattern is not usually the setup I'm looked at, but when it is spotted, there's a good reason to look for a trading opportunity, once the candle has show confirmation of its trend.
At this moment, we have an inverted ascending triangle and it is... moreAn ABCD Pattern is not usually the setup I'm looked at, but when it is spotted, there's a good reason to look for a trading opportunity, once the candle has show confirmation of its trend.
At this moment, we have an inverted ascending triangle and it is perfect for counter-trend and breakout traders to look at this trade.
If the trendline is not broken, I'll wait for a buying opportunity and if it breaks and closes above the resistance line, I will wait for a retracement to engage the trade.
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Live Chart:
https://www.tradingview.com/chart/USDJPY/d3SpK3hY-USDJPY-Weekly-Market-Analysis-Dec20-Wk5/ />
#ascendingtriangle #countertrend #USDJPY #USelections2020 #trendline #SupportandResistance #candlestickanalysis #checkback #HarmonicPatterns #ABCDpattern less
An ABCD Pattern is not usually the setup I'm looked at, but when it is spotted, there's a good reason to look for a trading opportunity, once the candle has show confirmation of its trend.
At this moment, we have an inverted ascending triangle and it is p
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On the 4-hourly and daily chart , the USDJPY is going for a bearish run, however, countertrend and harmonic patterns traders you can wait for a countertrend trade of a bullish bat pattern for a buying opportunity. Think twice before you engage the trade... moreOn the 4-hourly and daily chart , the USDJPY is going for a bearish run, however, countertrend and harmonic patterns traders you can wait for a countertrend trade of a bullish bat pattern for a buying opportunity. Think twice before you engage the trade as target2 gives you only 40pips of potential profits and we have not factored in the spread.
Share our post so more traders can benefit from our analysis and comment one thing you liked about the analysis.
Your support is always much appreciated.
Live Chart:
https://www.tradingview.com/chart/USDJPY/4wBXCvYO-USDJPY-Weekly-Market-Analysis-Dec20-Wk4/ />
#bullishbat #countertrend #USDJPY #USelections2020 #SupportandResistance #candlestickanalysis #checkback #batpattern #HarmonicPatterns #ABCDpattern less
On the 4-hourly and daily chart , the USDJPY is going for a bearish run, however, countertrend and harmonic patterns traders you can wait for a countertrend trade of a bullish bat pattern for a buying opportunity. Think twice before you engage the trade as
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While USDJPY has a bearish overcast, it does give counter-trend traders a buying opportunity once the market has extended towards the support level of the sideway bounce formation.
I'll be waiting for a double bottom with RSI Divergence to engage the... moreWhile USDJPY has a bearish overcast, it does give counter-trend traders a buying opportunity once the market has extended towards the support level of the sideway bounce formation.
I'll be waiting for a double bottom with RSI Divergence to engage the trade at 103.72. If the trade was engaged, 103.94 will be the level that I will watch closely if a break and close above happen at the level.
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Live Chart:
https://www.tradingview.com/chart/USDJPY/jtrPVDKy-USDJPY-Weekly-Market-Analysis-Dec20-Wk3/ />
#sidwaybounce #doublebottom #USDJPY #USelections2020 #SupportandResistance #candlestickanalysis #RSIdivergence #countertrend less
While USDJPY has a bearish overcast, it does give counter-trend traders a buying opportunity once the market has extended towards the support level of the sideway bounce formation.
I'll be waiting for a double bottom with RSI Divergence to engage the trad
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USDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major... moreUSDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major restrain comes in at 104.20 which happen to be the midpoint of the 2 levels.
The RSI overbought(shorting opportunity) and oversold(buying opportunity) will be an important filter for the trading opportunity.
Share our post so more traders can benefit from our analysis and comment one thing you liked about the analysis.
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Live Chart:
https://www.tradingview.com/chart/USDJPY/oMJV1ttB-USDJPY-Weekly-Market-Analysis-Dec20-Wk2/ />
#USDJPY #USelections2020 #sidwaybounce #SupportandResistance #candlestickanalysis less
USDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major restrain
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In the market, one thing for sure when there is a consolidation there will be an expansion. Right now we have a sideway consolidation on USDJPY , I'm waiting for the breakout of the trendline to assume the trade in its direction.
What's amazing that the... moreIn the market, one thing for sure when there is a consolidation there will be an expansion. Right now we have a sideway consolidation on USDJPY , I'm waiting for the breakout of the trendline to assume the trade in its direction.
What's amazing that the technical chart shows an alignment of what's happening in the US election. It seems like we will have a conclusion on the US election in the coming week.
Share our post so more traders can benefit from our analysis and comment one thing you liked about the analysis.
Your support is always much appreciated.
Live Chart:
https://www.tradingview.com/chart/USDJPY/dOBo6wyw-USDJPY-Weekly-Market-Analysis-Dec20-Wk1/ />
#USDJPY #USelections2020 #sidwayconsolidation #trendline #SupportandResistance #candlestickanalysis less
In the market, one thing for sure when there is a consolidation there will be an expansion. Right now we have a sideway consolidation on USDJPY , I'm waiting for the breakout of the trendline to assume the trade in its direction.
What's amazing that the te
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