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Sellzone

Trade Ideas Educator: NZDJPY TrendlinesOn the daily chart, is a nice bearish engulfing after a magic candle(indecision candle) for a selling opportunity and it closes within the sell zone(pink box). Although on the 4-hourly chart(left) the candle break and close below the trendline, it still rested above the sell zone box show insufficient weakness on the market. Having this conflicting market signal, you can: 1) choose not to engage the trade 2) wait for further confirmation ie: i) close and break below the sell zone then engage ii) a retracement after a strong bearish engulfing the short iii) a bearish harmonic pattern to engage for a shorting opportunity. The choice is yours.
Short
by RaynLim
Trade Ideas Educator: NZDJPY TrendlinesYes, both trendlines are pointed at different directions but you can see how similar it can be based on my analysis. First, we have to register the fact that the trend on the 4-hourly chart is still bearish and the market is within the sell zone. I am waiting for a shorting opportunity. So a bearish engulfing might just set up well for me to engage a short trade. If that didn't happen, I would just need a break and close below the bullish trendline on the left, a break and close below the trendline will set off a short position.
Short
by RaynLim
Trade Ideas Educator: GBPAUD BatA bearish bat as a countertrend trade within the double sell zone with an RSI Divergence made it even better. This reminds me of the good old day where both my AUDUSD and NZDUSD have RSI Divergence, AUDUSD within the sell zone but NZDUSD broke the sell zone. At that moment I have gotten myself mentally prepared that 1 will hit profit and another most likely a losses. But guess I was wrong and I'm happy that I am both hit profits. Let's see how this baby roll out.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Aug19,Wk4On the 4-hourly chart(right), the market has retraced back into the sell zone for a trend trading opportunity. On the 1-hourly chart(left), just right before the market head to the sell zone the bullish flag patterned was identified as a counter-trend trading opportunity and I had shared on the previous post, is a pity if you have missed the trading idea. I've already engaged this trade as the bearish bat form and triggered the opportunity to trade. No double when the prices went higher after the trade was triggered definitely not my liking, but if you have spotted the RSI Divergence or you know the profitability rate of the bat pattern, it will be a peace of mind.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Aug19,Wk3A long waited for counter-trend trading opportunity appears as Bullish Shark pattern. So what? I shouted on the chart. ;P Lots of warning sign shows up and halt my decision to set a pending order - Buy Limit for this trade. Now, having the candle break and close below the previous low, officially place this trade to an end. On the 4-hourly chart(left), a trend trading opportunity setup, I will be waiting for the market to retrace back into the sell zone and most likely to spot a harmonic pattern on the smaller timeframe, 1-hourly chart.
Short
by RaynLim