Downloading...
Download

Upsize

EURUSD-Weekly Market Analysis-Mar22,Wk4EURUSD is on a Bearish Trend, and if you are on plan to long EURUSD like I did, you are in a counter-trend trade. If you have a long EURUSD base on the Bullish Shark setup(link at the bottom), the target2 based on the textbook case has fulfilled its final target level, not for me. I'm waiting for one of the two different trading opportunities to have an additional trading idea to engage on the counter-trend move. Opportunity 1.) A Double Bottom setup that touches 1.1019 but does not close below 1.1001 OR 2.) A Bullish Deep Gartley Pattern(depends on where Point C reverse) completes within the Buy Zone. So, what are your trade plan for this?
Long
by RaynLim
CADJPY - Bearish SharkThis is a very bold trade; chances of it hitting stop are high. That's why I'm not putting it out as an Official Trade-Ideas. On the Range Bar chart, the Bearish Shark Pattern has confirmed and I'm in the trade. Once the market has reached its target 1, I will be shifting my stop to my entry price and pertain to a Risk-Free Trade. This is when I will be using my trade management - Upsize and stretch both target based on Daily Chart Shark Pattern, link of the analysis could be checked at the bottom. The Big Question will be, what if I got stop out, then I will wait for the next trading ideas to engage the trade again.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Mar22,Wk3Traders need to plan their trade; even there wasn't any trading setup, this happened to us last week(check last week's related ideas within TradingView). This week, we have upgraded from a Zero trading setup to a VIP trading setup. We have a Bullish Shark Pattern complete within the Buy Zone on the 1hourly chart. What makes this trade special is that we could use the Trade Management system to stretch our final target to the Bearish Deep Gartley Pattern on the 4-hourly chart.
Long
by RaynLim
CADJPY - Bullish SharkBefore I talk about the Bullish Shark, I like to talk about the Bearish Shark Pattern(check out the related ideas posted within TradingView). That trade's target one has been attained{90.44} a total of 192pips captured, and its first target provides a 2.74 reward: risk ratio. The market has to break and close below 89.81 will significantly increase the odds of the 2nd target being hit. I will be shifting target2 further to 88.80, giving a 4:1 ratio to its risk profit. If you have not engaged in the trade, do not chase the market. I will then reverse the trade by counter-trend trading it as I engage the Bullish Shark setup.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Feb22,Wk4A Bullish Shark Pattern trading opportunity present itself at 1.3567 for a trend trading opportunity within the Bullish Flag consolidation zone within the 4-hourly chart. If you have saw last week video, you would have spotted the trading setup and capture the 116pips(1,160USD) move. If you missed it, no worries, wait for a 3bar reversal on the 1hourly chart after the Shark Pattern has formed. Do note that the Shark Pattern can have up to 3 entry zone and a True Shark Pattern trader should have all 3 tries.
Long
by RaynLim
EURUSD-Weekly Market Analysis-Feb22,Wk4If you had caught the Bullish Shark Pattern and Bearish 5-0Pattern congratulation to you. That's 100pips on each movement, which totals to 200pips(2,000USD/lot traded) if you traded both of them. Some traders do trade Type2 Pattern, if that's you there will be 1 that is showing up, the Shark Pattern on the 4-hourly chart soon. However, if that's not for you, there is a Bullish Gartley Pattern that is complete on the 1-hourly chart in the same region.
Long
by RaynLim
AUDUSD - Bearish BatAUDUSD has a potential Bearish Bat Pattern forming up at 0.7233 for a shorting opportunity. This trading idea is special because if all goes well I could stretch the target to the Bullish Shark Pattern completion on the 4-hourly chart. This kind of trading idea requires me to stretch my target which I'm going to name Upsize, and that is so because the target profit just got upsized. Trade Management is just as important as Risk Management. If you want to be exceptional in trading, you need to have this.
Short
by RaynLim