A bearish shark forms on the 1-hourly chart(left) with parallel uptrend channel indeed is not the happiest market movement when you are in the trade. What’s great about this is it accompany with RSI Divergence which says otherwise on the market movement.
Right now, if you have not engaged the trade you can wait for the retracement back into the sell zone on the 1-hourly chart to find your 2nd entry opportunity, that being said you have to be in before 5-0 pattern is formed. Most importantly, you should have followed my post closely so you won’t miss this fantastic trading opportunity ever again.
On the 4-hourly chart(right) a further uptrend extension the market may meet the bearish bat setup, another trend trading opportunity.
How’s your long weekend going? If you are thinking of more long weekend as I do, start doing things that can free out your time. The way I trade, I just need to spend 30-mins a day in front of my computer the rest of it took lesser time then I spending time on Facebook, Instagram and mobile games.
Join me at our 3-hours Live Workshop that’s happening this month, Tuesday, 20 August 2019 in Singapore at 1900hr. A complimentary Ebook will be sent to you.
Next Wednesday, 14August2019, 18:08pm-20:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis
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