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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
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#EURUSD #keyresistance #trendtrading #bullishshark #sharkpatterns #countertrend #supportandresistance #support #resistance #countertrend #candlestickanalysis #candlestickpattern less
https://vimeo.com/839489573
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[Expect a pullback]
Overall Analysis on EURUSD is still on a Bearish Move; however, this week, I expect a substantial pullback(bullish movement on the EURUSD off the lower timeframe.
If you are looking for a buying opportunity, wait for the Bullish 5-0... more[Expect a pullback]
Overall Analysis on EURUSD is still on a Bearish Move; however, this week, I expect a substantial pullback(bullish movement on the EURUSD off the lower timeframe.
If you are looking for a buying opportunity, wait for the Bullish 5-0 Pattern to be completed as early as 1.0723.
Live chart:
https://www.tradingview.com/chart/EURUSD/KxgAba0z-Expect-a-pullback/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#EURUSD #countertrend #bullish50 #50patterns #harmonicpatterns #bearishshark #sharkpatterns #candlestickanalysis #candlestickpattern less
https://vimeo.com/836739360
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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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[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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[Executing Mid to Long-Term Short Position on This Trade]
Patiently waiting for a prime shorting opportunity on EURUSD as the market struggles to breach the crucial level of 1.1093 on the weekly chart.
My strategy involves utilizing the Bearish Shark... more[Executing Mid to Long-Term Short Position on This Trade]
Patiently waiting for a prime shorting opportunity on EURUSD as the market struggles to breach the crucial level of 1.1093 on the weekly chart.
My strategy involves utilizing the Bearish Shark Pattern setup, which shows completion at 1.1097 on the 1-hourly chart. With a calculated approach and keen attention to market behaviour, I am poised to execute a confident and informed trade decision.
Live chart:
https://www.tradingview.com/chart/EURUSD/kxmBfHVj-Executing-Mid-to-Long-Term-Short-Position-on-This-Trade/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#EURUSD #bearishshark #countertrend #supplyzone #resistancelevel #supportandresistance #sharkpatterns #harmonicpatterns #combotrade #candlestickanalysis #candlestickpattern less
https://vimeo.com/824518309
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[Profit from Your Dollar Bias: A Winning Trading Idea for Like-Minded Traders]
Calling all like-minded traders! We've got a winning trading idea that's sure to pique your interest.
For those seeking an aggressive entry, keep a close eye on the... more[Profit from Your Dollar Bias: A Winning Trading Idea for Like-Minded Traders]
Calling all like-minded traders! We've got a winning trading idea that's sure to pique your interest.
For those seeking an aggressive entry, keep a close eye on the Potential Head and Shoulders setup, which is set to complete at the 134.03 level. Alternatively, a buying opportunity could arise with the completion of the Bullish Shark Pattern at 132.51.
With two potential setups in play, the opportunities to capitalize on the market are plentiful. Don't hesitate to take advantage of these setups and maximize your trading success.
Live chart:
https://www.tradingview.com/chart/USDJPY/yInvUBzv-Profit-from-Your-Dollar-Bias/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat
https://discord.gg/AKDr9vPqH7
#USDJPY #headandshoulders #bullishshark #sharkpatterns #harmonicpatterns #candlestickpattern #candlestickanalysis #supportandresistance less
Calling all like-minded traders! We've got a winning trading idea that's sure to pique your interest. For those seeking an aggressive entry, keep a close eye on the Potential Head and Shoulders setup, which is set to complete at the 134.03 level. Alternat
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[EURO-DOLLAR has a Counter-Trend Trading Opportunity]
EURO-DOLLAR has a Counter-Trend Trading Opportunity(left). Traders looking for a counter-trend trading opportunity could wait for the market to retest to 1.0975 for a shorting opportunity. This is... more[EURO-DOLLAR has a Counter-Trend Trading Opportunity]
EURO-DOLLAR has a Counter-Trend Trading Opportunity(left). Traders looking for a counter-trend trading opportunity could wait for the market to retest to 1.0975 for a shorting opportunity. This is possible not because of the Bearish Shark Pattern Trading Opportunity, but a retest of resistance on the Weekly Chart.
If this is not for you, then perhaps the Bullish Bat(red)(right) or the Bullish Shark(right) gives you, a trend trader, an opportunity to engage.
So, what is what? If you have that question, focus on 1 and not engage on both.
Live chart:
https://www.tradingview.com/chart/EURUSD/3Df143cU-EURO-DOLLAR-Counter-Trend-Opp/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#EURUSD #BearishShark #countertrend #BullishShark #trendtrading #harmonicpatterns #sharkpatterns #batpatterns #bullishbat #candlestickanalysis #candlestickpattern less
https://vimeo.com/816032434
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Current Situation: No favourable buying opportunity on GBPUSD, but counter-trend trading possibilities exist.
Retest of Double Top: Watch for a retest of the double top pattern completing at 1.2745 on the 4-hourly chart.... more 
Market Reaction: As two trader groups converge at 1.2745, expect heightened volatility and rapid movements. Stay prepared! 
Trade Strategy: Exercise caution with counter-trend trades. Set conservative targets and manage risk effectively. Scale in wisely. 
Stay Vigilant: Continuously monitor price action and adapt your approach as the market unfolds. Protect your capital! 
