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USDCAD 1.21507 + 0.47 % SHORT IDEA * PRICE ACTION + STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE U.S DOLLAR / CANADIAN DOLLAR FROM THE 4 HOURLY CHART. The pair has been trading in a falling wedge which saw a break above of this continuation structure, looking at the not so fa historic data the pair is definitely no stranger to fake-outs, so looking for a reversal on this one, should structure hold targets 2 & 3 come into play as this will signal continuation. below is what i had last week on the pair, never triggered. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
Short
by PULEMokhothu
TEXTBOOK BEARISH PENNANT (google it) BEARISH CONTINUATION (BTC) Good afternoon traders 👍 FIRST OF ALL, how can you be bullish looking at this chart? SECOND OF ALL, why are bulls still acting like the bottom is in? THIRD OF ALL, bulls are still cocky and the market humbles that kind of behavior. FINALLY, liquidate all existing bulls left who still remain "hopeful" that the bull market is still "intact" DO YOUR OWN RESEARCH, STOP LISTENING TO PEOPLE OVER THE INTERNET YOU'VE NEVER MET OR KNOW ANYTHING ABOUT. 90% OF TRADERS/INVESTORS FAIL BECAUSE THEY ARE LAZY AND DON'T DO THE WORK THE 10% WHO ARE SUCCESSFUL DO. STAY SAFE 👍
BITFINEX:BTCUSDShort
by YurloTrades
19
GBP / USD 1.41804 - 0.13 % LONG IDEA * RESPECTED STRUCTURE & PRIHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE GBP / USD LONG IDEA FOR DIRECTION AND OVERALL SENTIMENT ON THE PAIR . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
Please welcome the Bear Flag to the PTON chart!If you have been watching the PTON chart for the past few weeks and/or been following my ideas over the past two weeks, you would have seen the head and shoulders pattern materialize/activate. However, earlier this morning, a new pattern entered the mix! As you may already know, it is very common for the price to come back up to the neckline of the H&S pattern after breaking below, so there was no reason for people with short positions in PTON to panic when seeing the price rise rapidly over the last week. The twist here is that not only is the Head and Shoulders pattern still valid, but there is now also a valid bear flag in play! This bear flag was a few days in the making and was confirmed earlier today. The reversal pattern (H&S) initiated the downtrend by reversing the uptrend and the continuation pattern (Bear Flag) along with the active H&S pattern will most likely pull the price down: Price Target 1: ~$70 Price Target 2: ~$55 If/when the price can hit the first target, we can hope for the price to go lower and hit the second target. Please view my last three ideas for reference of the Head and Shoulders pattern. I will keep this idea updated with any updates to my stance on this.
NASDAQ:PTONShort
by Sri2Trill
$COTI/BTC 1D (Binance Spot) Falling wedge breakoutCurrency Of The Internet has broken-out bullish and looks good for continuation, maybe after a 50MA retest! Current Price= 0.00000740 Buy Entry= 0.00000708 - 0.00000666 Take Profit= 0.00000910 | 0.00001212 | 0.00001681 Stop Loss= 0.00000538 Risk/Reward= 1:1.5 | 1:3.52 | 1:6.67 Expected Profit= +32.46% | +76.42% | +144.69% Possible Loss= -21.69% Fib. Retracement= 0.786 | 1.272 | 2 Margin Leverage= 1x Estimated Gain-time= 2.5 months
Long
by TradingOn
BNB/USDT - close to symmetrical triangle breakoutBNB/USDT has been setting up a symmetrical triangle for a month since it hit its ATH and is now on the verge of breaking out. Due to the way the pattern is set up and fairly low risk associated with the trade a bullish breakout seems more likely than a pattern failure. This looks like a great buy zone to me but I will wait for breakout confirmation first before fully entering a long. For this trade we can work with a tight stop of around 3-5% below the current price which makes for a great risk:reward ratio or simply wait for breakout confirmation before entering the trade to reduce the risk of longing a pattern failure. Buy zone: $260-$272 Recommended stop loss area: $256.5 (very tight) - $248 Tighter stops can turn the risk:reward in your favor but also increase the risk of getting stopped out too early by fake-outs and potential wicks so choose a price you're comfortable with. They work best if you let the price come to you and you're buying right on support. Best of luck and let me know what you think!
Long
by Wolfy_
4
USDTRY 7.347553 0% LONG IDEA * CONTINUATION PTTNS & PRCEGood day everyone Hope everyone is having a good one in the markets this week. ^ Here's a look a the DOLLAR / TURKISH LIRA * The pair broke out of the descending channel structure and pulled back for a retest of this structure signalling continuation. * Currently traded in a bull flag which saw a break above and a pull back to retest structure also possibly signalling continuation of this move. * Looking for the bulls to continue their rally to the upside Targeting resistance level 7.62266 * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
2
AUDUSD 0.78662 + 1.28 % LONG IDEA * PRICE ACTION & CRRCTION Hello everyone Hope everyone is good, Here's a look at the AUD/USD pair from the 4H chart looking for a swing hold on the pair the pair is currently in an uptrend looking for a continuation with the trend but before we continue with the trend looking to see a correction of the previous impulse move in the form of a bull flag or a retest of the 50% Fibonacci as this is the structure best aligning with structure before we see continuation. * This is a predictive trade so watch price and keep the pair in your watch list * Perfect opportunity for intra-day traders to trade the correction * follow your entry rules lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
2
GBPJPY 4H DOJI SANDWICH STRATEGY (CONTINUATION OR REVERSAL)Best H4 Forex Strategy The H4 trading strategy revolves around a very common chart pattern known to the technicians as the Doji candlestick. Our forex H4 trading system combines some high probability setups that we’ve found work best on the 4-hour time frame. A detailed guide to the Doji Candlestick pattern can be found on the internet. As far as the probabilities of the trade working using this special Doji setup and the magnitude of the trade working it’s extremely high. We’re going to demonstrate how the Doji Sandwich setup paints the change in market sentiment. The Doji chart pattern can take many different shapes and forms. The main characteristic of the Doji is the small body where the open and the close are very close together. However, the hanging man, shooting star, bullish and bearish Harami, inverted hammer and dark cloud are considered to be variations of the standard Doji pattern. So, we’re going to also use the above-mentioned chart patterns to spot buying and selling opportunities. The Doji candle pattern is only one part of the overall Doji Sandwich trade setup. Let me explain… The Doji Sandwich is very easy to identify as it’s a 3-bar reversal pattern comprise of: One large candle that closes near the higher end (or lower end) of its price range. Followed by the Doji candle. Another large candle is of the same magnitude as the first candle. Note* The last candle must be in the same direction (bullish or bearish) as the first candle. The term “sandwich” comes from the fact that the Doji candle appears sandwiched between two larger candles. And, this is what makes the H4 forex trading strategy very effective. This will produce a high probability reversal setup. When you combine the Doji candle with the nearby candles we have a recipe for success. This simple trade setup on the 4h chart, will almost double your success rate. On Wall Street there is a saying: “If something doesn’t work, it disappears very quickly.” But, that’s not the case with the Doji Sandwich setup as it has stood the test of time. We’ll demonstrate the profitability of the setup using live trade examples. Now, here is the thing: The truth about trading is that no matter what trading setup you use, there will always be false signals. So, in order to harvest the bad forex signals from the good forex signals, we’re going to use some extra technical tools. Filter Your Trading Setups with Stochastic Indicator The overbought and oversold conditions are based upon the stochastic indicator. See the best practices on how to use the stochastic indicator here: Best Stochastic Trading Strategy- Easy 6 Step Strategy. Note* We use the default settings for the stochastic indicator. As a general rule, if you can spot a reversal signal when your stochastic indicator is in an overbought/oversold area, we’re very close to see a trend reversal. The Doji Sandwich pattern meets all of our requirements: The first candle and the third candle are more or less of the same length and point in the same direction (bullish flag chart pattern). Second, the middle candle is a Doji candle. Moving on… Spotting a chart pattern is only half of the equation; we also need an entry technique for our H4 trading strategy. The Entry Technique There are two ways to enter this trade: You can buy (sell) as soon as the 4th candle opens. Wait until the high (low) of the third candle is broken. We have used both types of entry techniques to take advantage of high probability trades. Here is the thing… Once you’re in a trade, you still need to have a plan to manage your trades and not leave it to luck. For trade management, we’re going to throw in some additional technical indicators. How to Manage Your Trade? This is important so don’t bypass this trading gem. The following moving averages are used by the H4 trading strategy: The 200 moving average. The 50-period simple moving average SMA. Every major money manager in the world uses those moving averages to make informed decisions about their portfolios. Now… Here is how we use the 200 moving average: The 200 MA is only used for long-term guidance and to decide how long are we going to stay in the trade. For example, if we have a bullish Doji sandwich pattern but well under the 200 MA, we’re going to treat this trade as a short to medium-term trade. However, if the pattern develops above the 200 MA, we want to stay with the trend and ride that wave to squeeze as much profit as possible. The chart shows the Doji Sandwich pattern being printed well below the 200 MA in which case we’re going to treat this trade as a short-term trading opportunity. Now, you might be wondering: “How to use the 50-period moving average?” The 50 MA is there for guidance purposes only. What we look after is for the price to break above the 50 MA either within the first candles after we entered the market or during the development of the Doji Sandwich pattern. Next… We’re going to answer how to protect your bottom line and exit with a nice profit. Stop Loss and Exit Strategy First, the protective stop-loss trading strategy is placed below the Doji candle, which is the middle candle of the 3-bar pattern used. More, once we break and close above the 50 moving average, the stop loss than can be trailed below the 50 MA to further reduce the risk. Next… We have several options to take our profits: First, if we’re below the 200-MA, we get out once the stochastic indicator is in overbought territory. If we’re above the 200-MA, we need to be more creative as to capture a larger portion of the trend and combine the action of both MAs. Best 4H Forex Strategy – Advanced Setup If you like this 4h price pattern, we’re sure you’ll also like if we share with you a second alteration of the 4h Doji Sandwich. Everything remains the same, only two things change. Let me explain… For example, if you’re looking for a bullish reversal the first candle is a bearish candle, while the last candle of the 3-bar formation is a bullish candle, like in the 2nd trade. Note* In the case of a bearish reversal the first candle is bullish while the last candle is bearish. Here is one more hint: If the third candle closes above the high of the first candle then this is setting the stage for a very high probability trade. Try it for yourself and look on your charts for the Doji sandwich pattern. Final Words – H4 Trading Strategy In summary, the H4 forex trading strategy is ideal for looking for trading opportunities around the clock. Keep in mind that the H4 trading strategy requires a solid understanding of how the market operates. The trading rules outlined throughout this guide should be enough to help you navigate all types of trading environments. So, here is a summary of what you’ve learned: The H4 time frame lets you benefit from both worlds (intraday PA and larger TF). The H4 chart carries more weight in FX trading due to how each day is broken is trading sessions. The Doji Sandwich is a 3-bar reversal pattern. You have learned an intuitive entry technique along with trade management tactics. The best H4 forex strategy will increase the odds of your success even further. Thank you for reading! H4 FOREX TRADING STRATEGY USING THE DOJO SANDWICH Learn the H4 forex trading strategy a cash-rich system to benefit from both the intraday price fluctuations and the larger time frames. Throughout this guide, we’ll outline a detailed plan around the best H4 forex strategy and what are the best trading tactics to implement on the 4-hour chart. What time frame you trade on will largely determine how you calculate your support and resistance levels, your risk level and determine the trend direction. Our goal is to focus on the 4-hour time frame namely because: 1 - It allows you to actively trade the markets around the clock 2 - It combines the benefit of the intraday charts along with the big picture trends Probably the 4 hour chart is the best time frame for simple swing trading. If you have a 9 to 5 job, or a family that keeps you busy, but you still want to make money from the forex market, we recommend trying the H4 trading strategy. We’re going to reveal the Doji sandwich pattern in the next sections, so continue reading. Without further ado, let’s first layout the foundation of what is H4 in forex and then move on to show you our H4 forex trading strategy. Table of Contents 1 What is H4 in Forex? 2 Why the 4 Hour Time Frame is Important 3 How to Use the 4 Hour Chart to Confirm Your Trades 4 Best H4 Forex Strategy 4.1 Filter Your Trading Setups with Stochastic Indicator 4.2 The Entry Technique 4.3 How to Manage Your Trade? 4.4 Stop Loss and Exit Strategy 4.5 Best 4H Forex Strategy – Advanced Setup 5 · Final Words – H4 Trading Strategy What is H4 in Forex? Now, probably most of you already know that in the forex trading and technical analysis realm, H4 is simply an abbreviation for the 4-hour daily time-frame. The 4-hour time frame is an intraday TF where each corresponding candle encompasses exactly 4 hours of trading activity from open to close. The 4h chart also comes as the standard default time-frame with most top trading platforms so, it’s readily accessible. The 4h time frame carries a distinctive role, especially in the forex market. Unlike stocks which are opened for trading for a limited 8-hour window, in forex trading, the foreign exchange market never sleeps. So, in the stock market, the 4h TF is useless as one full day of trading will be comprised of two 4h candles. However, in the forex market, one full day of trading activity is comprised of six 4h candles. What is even more important, one 4h candle point out to a half of each major trading sessions. In the forex market, the Sydney, Tokyo, London and New York session have their unique price action. And, this is where FX traders can focus on new trading opportunities. Moving on… We’ll explain the main benefits of using the 4h trading system. Why the 4 Hour Time Frame is Important Trading on the 4h time frame is not only suited for those with limited time on their hands or the beginner traders. Check out our guide on the best trading strategy for beginners. There are other benefits of trading 4h time frames that can’t be found on other time frames, including: You’re no longer a slave to the markets and have more freedom. The impact of risk events on the 4h chart is less visible. Timing the market is not that critical, giving you more wiggle room for error. Larger profit potential. And, of course, benefiting from combining the benefits of intraday TF with larger time frames. Now… One of the biggest mistakes traders makes trading the 4-hour chart is that they don’t pay attention to the fact that different brokers have different closing times for the 4-hour candle breakout strategy. This is a time-critical forex trading consideration. And, that can make the difference between winning and losing. How to Use the 4 Hour Chart to Confirm Your Trades Since time in the forex market is broken in several trading sessions and forex brokers run on different time zones, the 4h candle will close at a different time of the day. Nowadays, most forex brokers run on the GMT+3 time zones but, if you want to be safe, better check with your broker. The main disadvantage of the different FX broker server times is that you will get different 4h candle closing. Every new candle on the 4h time frame is formed every 4 hours. This in turn will lead to different price actions on your 4h chart. To resolve this issue, and have a more accurate representation of each trading session we use the New York close time to define when a new 4h candle is printed. In forex trading, the New York close is considered the standard closing time for the day. Learn how to master forex trading with our complete guide. If you’re serious about trading, you need to use forex charts with the New York close. Let me explain… The daily closing price in any market, be it forex, stocks, commodities or cryptocurrencies displays who won the battle between buyers and sellers for that session. Traders who are planning to use the h4 forex trading strategy need to have the correct New York closing charts. If you want the identical price action on your charts as we have them, you should use the New York close charts. Now… If you use the correct New York close charts, you should see each 4-hour candle close at 5:00 PM, 9:00 PM, 1:00 AM, 5:00 AM, 9:00 AM and 1:00 PM. If you’re using the Central Time, you should see each 4-hour candle close at 4:00 PM, 8:00 PM, 12:00 AM, 4:00 AM, 8:00 AM and 12:00 PM. On the other hand, if you’re using the Pacific Time, you should see each 4-hour candle close at 2:00 PM, 6:00 PM, 10:00 PM, 2:00 AM, 6:00 AM and 10:00 AM. Taking care of this type of detail while it might seem unimportant it can make the difference between winning and losing. Traders can use these 4-h candles to find potential new trading opportunities. You’ll only need a 10-minute window of time upon the close of each of the 4h candles to analyze your favorite currency pair and spot new opportunities to make money.
by Tradingstrategyguides
What is a price gap? How to trade the price gap?What is a price gap? A price gap appears on the price chart as a blank space, and the blank space represents the time when there was no trading activity in that particular price level. 4 Types of Price Gaps 1. A breakaway gap happens when the security traded in a narrow range for some time, and then the security jumps to a different price level. This indicates interest in the security to test a different price level. 2. A common gap happens because of traders daily buying and selling activity. 3. A continuation gap is a measuring gap to determine if the current trend will continue. 4. An exhaustion gap is a gap that happens toward the end of a trending period. This can be a sign of a price reversal is about to happen. How to trade the price gap? Traders should trade in the direction of the breakaway gap and continuation gap. Traders should consider carefully before adding to their current position when they encounter an exhaustion price gap. What are some of the reasons one may fail to trade the price gap? Possibly due to misinterpreting the exhaustion gap as a continuation gap, and possibly misinterpreting the bull or bear trap as a breakout gap. Possibly it was initially a continuation gap or a breakout gap correctly identified, but suddenly the trend changed direction and trapped the traders. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
NASDAQ:TSLAEducation
by GreenfieldAnalysis
16
US30 30270 + 0.71 % LONG IDEA * PRICE ACTION & BREAK OUT Hello everyone Here's a look at the DOW JONES INDEX , hope you are having a good one. Now the index rallied with the bulls and we saw a bit of correction as expected with an impulse move, the index ranged within an ascending triangle structure respecting the structure completing the 123 formation which could possibly mean that we may see some volatility return in the index. There are 2 trigger points for this one so its important to watch and monitor price confirm and follow your entry rules should the structure hold will be targeting the Fib retracements 38.2 % and should we see significant moves with the bulls upon break out will be targeting Fib EXT'S many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it. HAVE A GOOD ONE!
U
by PULEMokhothu
EURUSD BEARISH BIAS 20.10.04Head and Shoulders or Double Top Potential of these two Bearish patterns coming up. Confirmation on the Fibonacci will be supported by price breaking through 1.17000/1.16900 Selling only if price breaks solid below 1.16900, exit at 1.16449 Bearish Bias is wrong if price breaks solid (not wick) above 1.17550/1.17600 Bullish Rectangle / Bullish Pennant continuation pattern will form. This post does not provide financial advice. It is to provide and contribute my trading ideas. Trade with courage and caution. May the pips be in your favor.
by DokuFX