Descending Triangle Notice for Forex PairEach Leg of descending triangle comes with 61.8% Fibonacci Extension
1-2-3-pattern
🔥 Bitcoin Following Elliot Wave Pattern: Correction Incoming?A couple of week ago I made an analysis on Bitcoin and the fact that we can potentially follow an Elliot Waves pattern. For now, my idea seems to hold.
With BTC breaking out this week, we're now in a huge resistance zone that goes back all the way to 2021 and 2022. Furthermore, the weekly RSI is approaching overbought territory quickly.
We can easily move up another HKEX:2 ,500 from here, but I think we need some serious buying to break through HKEX:32 ,500.
Consequentially, I think that there's a lot of investors waiting for the weekly RSI to reach overbought that either want to sell their BTC that they bought in 2023, or that look for shorting.
Not sure where the correction will bring us. For now I look at the August 2022 top around HKEX:25 ,200, but it could also be higher.
DOT possible breakout Hello everyone! I've observed an interesting development on the 1-hour timeframe - a local trendline has converged with an important Fibonacci level of 0.618. If this trendline is breached, we could potentially see a strong impulse towards the next level. As always, remember to trade safely and responsibly
EURUSD: A Solid Bear with AimHello Traders!
Welcome back to another trade with analyst Aadil1000x.
This is a nice day as we are in a position where a big move will happen soon. We are at the peak of that move.
We are now at the reaction point and if there is a Doji candle or Reserval 'M" shape pattern above the reaction zone, then enter the short. It will testthe broken trendline.
There is a deep reason why the market will go back towards the broken trendline and we will learn it soon.
We are aiming at least 300 pips from this move.
Don't forget to hit the like button and follow to stay connected.
🔥 Bitcoin Short-Term Bull-Flag Break OutBTC has been trading in a very boring fashion on the larger time frames. However, on the shorter time frames (like 15m) one can often find some decent setups.
I've been following this bull-flag pattern today, which has seemingly broken out as of now. This could be the start of the bullish continuation from last night.
Targets in blue.
🔥 OG Falling Wedge After Huge Move: Volatile Break ExpectedOG has been on everyone's mind lately. It gained nearly 450% in under two days, so volatility is certainly here.
I'm looking for a break out of the falling wedge drawn on the chart. Ideally we visit the yellow area once again, see some kind of oversold RSI (15m, 1H) and break out of the pattern.
Targets in blue.
TajGVK W pattern breakout Tajgvk give a great breakout with W-PATTERN which make them more strong.
Buy it at 201
Target 209 216 226 243
Sl 195
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀
That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨
Have a great day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
USD-CHF Bearish Bias Prevails! Sell!
Hello,Traders!
USD-CHF is trading in a
Downtrend and the pair broke
Out of the bearish triangle
Thus reinforcing our bearish bias
And I think that after some
Consolidation we will see
A further move down
Towards the 0.897 level
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
AB=CDAlways looking for a pattern, mainly to define risk and to anticipate a Take Profit Target.
If you got stuck in a short due to a breakout and then we see a deep retrace. We could be looking for the classic AB=CD pattern.
I always trade a RRR of 1:2 , so this AB=CD would not meet my TP target.
AUDJPY Same Sell, Choose The Best Pair
So similarly, AUDJPY has the similar sell price action like CADJPY.
Its important to understand currency correlation, and why we need to choose the best 1 or 2 pairs of the same currency to enter.
IF JPY is going to get stronger, then likely all the JPY will move. But if we are wrong on our analysis, all the JPY could reverse.
So its in our best interest to reduce our risk in trading, choose and focus on the best potential setup in the market.
Ideally, we need to wait for the bearish continuation correction on the lower time frame to confirm another move down.
CADJPY Clean Sell Setup
Hello traders:
CADJPY is looking very nice for some short term bearish continuation sell.
We can see on the mid time frame, price has created a double tops, with a bearish reversal ascending channel correction.
Indeed price has impulse down from the correction, and now on the lower time frame, is consolidating.
This is a good sign we can see more downside move from the price. Wait for bearish correction to confirm the sell.
Thank you
Silver Higher Time Frame Outlook
Hello everyone:
Most of the time I only focus on technical side of things, but this time I will go over both the fundamental and technical of Silver for the long term.
Silver was only trading around 8-9$ around the 2008 market crashed, and peaked at 50$ in 2011.
IT had slowly but surely dropped down to the lows again around 13$ in end of 2015.
Understand that the price of silver can not go lower as there are many cost associated with silver.
Whether is production, labor, inflations..etc. Price is not sustainable at low cost. Which leads to people understand the likelihood of price rising again.
On the other hand, purely from a technical perspective, we are see a period of consolidation phrase from 2015 - 2019.
If Covid didn't happen, price wouldn't test the lows of 2013 again. Regardless of the short term push down, we see price had the massive bullish push to the upside, clearly break all previous highs.
This can be the start of the HTF bullish run. Latest price action shows us a big potential consolidation in the making. Can be the next continuation correction to push the price up.
My approach would be wait for this HTF correction to complete tp give me more confluence that we are likely to resume the bullish move to the upside, and wait for LTF continuation correction for the buys.
Thank you
XAUUSD ready to bullsihThe Gold now forming a triangle pattern. Which is abcde wave as sub wave from wave 4. Stop loss on last low level. Target on Fibo 0.618 trend based.
Easy-to-Spot Bullish Forex PatternsHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my top easy to spot chart patterns, specifically focused on bullish chart patterns today. The green highlight dots are to help identify the margins of the pattern and the purple highlighted dot is where a long entry can be taken.
While you're here 👀 See this related idea on EURUSD from the monthly timeframe:
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GBPCAD Short Term Bearish Possibilities
Hello everyone:
Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside.
After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal.
At the of the week, some bearish price action has begun on the lower time frame.
Be interesting to see if price can form bearish continuation price action, that can confirm one more short term move down within the larger, higher time frame correction.
thank you
GBPUSD Could Reverse, Watch For Bearish Price ActionHello traders:
GBPUSD is currently at the top of its higher time frame correction.
What's interesting is price is showing signs of bearish price action at the top, with bearish reversal development.
This week be on the look out for, bearish impulse phase on the lower time frame to kick off the reversal momentum, a
and wait for continuation correction to confirm the sell before entry.
Thank you
Quick Weekly Market Outlook & Analysis Apr 03 2023
Hello, sorry I wont be making the live stream this week, but I will quickly go over what I see for the week ahead.
At the end I also address some of the questions, inquiries I receive during these few weeks.
Thank you
XAUUSD SESSION HERE WE GO!!!We can see a bullish triangle pattern on gold, the price can go above $2000 if it breaks the resistance level that I marked on the chart, we will wait for the next week.
And what is your opinion? Will gold break through 2000 or will it still fall?
FDN - falling wedge patternWhat we can see on the chart is a falling wedge pattern.
The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long.
Do not forget to put the stop loss under the wedge .
Possible target area is shown on the chart.
ADT - rising wedge patternWhat we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet.
We are expecting that the price will break down and continue the previous downtrend.
The stochastic shows us that the price is overbought but it is not pointing downwards yet.
How to trade:
Enter the short position only if/when the price breaks down out of the wedge with the volume increase which would be the confirmation.
Do not forget about the stop loss to protect your capital.
