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Tricky Times, I'm Counter-Trend Now! 
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Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
... more[ Tricky Times, I'm Counter-Trend Now! ]
Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move.
If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering.
On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity.
⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
Live chart:
https://www.tradingview.com/chart/USDJPY/h1HfLCbj-Tricky-Times-I-m-Counter-Trend-Now/ />
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#USDJPY #headandshoulders #keysupport #outsidebar #countertrend #candlestickpattern #candlestickanalysis #sellzone #supportandresistance #ForexAnalysis #TradingOpportunities #TradePlan #DollarBias #CounterTrendTrading #JanetYellenSpeech #TradingInsights #MarketAnalysis #TradeWisely less
https://vimeo.com/847015169
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My mid to long term bias on USDJPY remains Bullish, however, I'm looking for an Aggressive shorting opportunity for my short term trading plan. I'm waiting to engage the trade at 131.38.
Live chart:
... moreMy mid to long term bias on USDJPY remains Bullish, however, I'm looking for an Aggressive shorting opportunity for my short term trading plan. I'm waiting to engage the trade at 131.38.
Live chart:
https://www.tradingview.com/chart/USDJPY/wi9qm4h0-USDJPY-Weekly-Market-Analysis-Feb23-Wk2/
#USDJPY #countertrend #candlestickpattern #candlestickanalysis #supplyzone #sellzone #supplyanddemand #supportandresistance #nfp less
https://vimeo.com/796094815
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GBPUSD is on a Bullish Trend, however, I'm waiting for a counter-trend trading opportunity and waiting for a shorting opportunity at 1.2264. One of the reason is because it lands within the sell zone and the precise level is due to a more advanced... moreGBPUSD is on a Bullish Trend, however, I'm waiting for a counter-trend trading opportunity and waiting for a shorting opportunity at 1.2264. One of the reason is because it lands within the sell zone and the precise level is due to a more advanced charting technique that I want to keep it simple.
Live chart:
https://www.tradingview.com/chart/GBPUSD/EITOfwlI-GBPUSD-Weekly-Market-Analysis-Feb23-Wk2/ />
#GBPUSD #countertrend #candlestickanalysis #candlestickpattern #supportandresistance #sellzone #supplyzone #supportandresistance less
https://vimeo.com/796082319
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EURUSD is on a Bullish Trend, personally I'm waiting for a shorting on the 1-hour timeframe as a counter-trend trading opportunity. I'm waiting for the market to pullback to the Sell-zone area which is marked on the dotted line.
Live chart:
... moreEURUSD is on a Bullish Trend, personally I'm waiting for a shorting on the 1-hour timeframe as a counter-trend trading opportunity. I'm waiting for the market to pullback to the Sell-zone area which is marked on the dotted line.
Live chart:
https://www.tradingview.com/chart/EURUSD/uP8jbdKF-EURUSD-Weekly-Market-Analysis-Feb23-Wk2/ />
#EURUSD #countertrend #sellzone #candlestickanalysis #candlestickpattern less
https://vimeo.com/796081862
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In Fear of the Debt Limit, traders might flock in for a shorting opportunity. The perfect shorting price for me will be at its key resistance level within the sell zone at 128.33.
I'm still optimistic about the US Dollar Appreciation until March... moreIn Fear of the Debt Limit, traders might flock in for a shorting opportunity. The perfect shorting price for me will be at its key resistance level within the sell zone at 128.33.
I'm still optimistic about the US Dollar Appreciation until March 2023.
Live chart:
https://www.tradingview.com/chart/USDJPY/IdWw0Jfh-USDJPY-Weekly-Market-Analysis-Jan22-Wk3/ />
#USDJPY #sellzone #trendtrading #supplyzone #keyresistancelevel #candlestickpattern #candlestickanalysis less
https://vimeo.com/789734224
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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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GBPUSD is on a bearish trend; you may wonder if GBPUSD will hit parity with the dollar. The next level of support is at 1.0554, the market has to break and close beyond the level before we talk about Pound Parity with the US. The immediate resistance... moreGBPUSD is on a bearish trend; you may wonder if GBPUSD will hit parity with the dollar. The next level of support is at 1.0554, the market has to break and close beyond the level before we talk about Pound Parity with the US. The immediate resistance level that I'm waiting for a shorting opportunity is at 1.1212.
Live chart:
https://www.tradingview.com/chart/GBPUSD/aR0KMhPF-GBPUSD-Weekly-Market-Analysis-Sep22-Wk5/ />
#GBPUSD #trendtrading #keyresistance #sellzone #supplyzone #candlestickanalysis #candlestickpattern #supportandresistance less
https://vimeo.com/753510744
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GBPUSD's key resistance on the daily chart is at 1.1759, which coincides with the 4-hourly chart bearish shark trend trading setup.
This allows me to expand my profit-taking level. Something for you to consider.
Live chart:
... moreGBPUSD's key resistance on the daily chart is at 1.1759, which coincides with the 4-hourly chart bearish shark trend trading setup.
This allows me to expand my profit-taking level. Something for you to consider.
Live chart:
https://www.tradingview.com/chart/GBPUSD/WDrvBfVt-GBPUSD-Weekly-Market-Analysis-Sep22-Wk3/ />
#GBPUSD #bearishshark #keyresistance #sellzone #supplyzone #trendtrading #candlestickanalysis #candlestickpattern #supportandresistance #rsioversold #combo less
GBPUSD's key resistance on the daily chart is at 1.1759, which coincides with the 4-hourly chart bearish shark trend trading setup.
This allows me to expand my profit-taking level. Something for you to... moreGBPUSD's key resistance on the daily chart is at 1.1759, which coincides with the 4-hourly chart bearish shark trend trading setup.
This allows me to expand my profit-taking level. Something for you to consider.
Live chart:
https://www.tradingview.com/ch
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