Nasdaq micro futures attempting a 1hr chart double bottom?1 hour chart can be unpredictable but as of now it looks like this pattern wants to validate. Of course market closing in 11 minutes will postpone it from happening before close most likely, and a retest if the neckline is always a good possibility. *not financial advice*
1hr
USDCAD Supply orderblock i will like to watch.I will be watching this OrderBlock becasue price has some unmitaged Supply and with the price action on the 5/15Mins its possible for price to reverse becasue its now in excess price from the 15Min uptrend.
Price also has some trapped volume in it by retail Short trades taken on the orderblock below
I will only enter a Risk entry if price creates a good entry model shown on the chart, Its becasue overall price action is Bullish.
NZDUSD Hidden Negative Divergence Suggests More DownNZDUSD hidden negative divergence suggests that the NZD will move down further and
this is not the bottom. Bulls are thinking
'great, double bottom" but this suggests there the NZD remains weak and the selloff should likely continue.
We need a conter trend candle (a red candle)to confirm the entry point. Stops: 20 pips or so stop.
We are aiming for a lower low
Just wait for confirmation.
Nasdaq Positive Divergence 1hrPerhaps it is too early to get in to this trade, but it looks like there is
a small bit of positive divergence on the Nasdaq 100 on the 1hr time frame.
This suggests that the markets want to reverse. The safer idea would be to
let it take off and buy upon hidden bullish divergence at some point later on in the
week or next week.
AUDZD Scalp Area to Watch Welcome back! Here's an analysis of this pair!
**AUDNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
USDJPY ABC + Negative Divergence SWING IT!As I previously posted the USDJPY is suggesting a topping pattern but that was highly
speculative because there isn't enough evidence to support the idea that the USDJPY is in
a downward trend (lower highs and lower lows). BUT this setup though not conclusive is
a good setup to give us greater probability of being right that the USDJPY will turn down
for at least a decent trade of 100 pips or more. The idea is to sell the 1hr Stochastic RSI
moving below the 80% line and monitoring it until we can then switch over to the 4hr
time frame and leave it alone until the 4hr Stochastic RSI moves upwards past the 20%
signalling our BUY exit. This way we can maximize profits and have a mechanical system
tell us when to exit. As I mentioned in a tutorial the 4hr time frame tends to capture most of
a swing move as opposed to the 1hr.
EUR/JPY (Cypher Pattern) 1HRPAIR: EURJPY
TRADE: CYPHER PATTERN
POSITION: BUY
TIME-FRAME: 1HR
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What a month it has been for patterns. During the Star
Live Trading room, we've seen pattern formations all over
the markets and have been a result of new equity highs.
For other pattern lovers like myself, this month has been
a powerhouse for these moves.
When I can, I post trade ideas here to inspire other people
about pattern trading, as it's one of my passions.
Let's have a great week of trading ahead. Always, always
always, trade your plan please.
--------------------
Truly grateful to be here and share my thoughts with
everyone. Always appreciate your thoughts and what
you have to say and share, let's experience Trading in
a positive way, together. Time is precious, be kind to
everyone and be safe in the markets, always.
"See yourself as love and only have that, to give away."
--------------------
Phil C.
Double bottom + Symmetrical triangle long 1h time frameThis is a trade setup spotted in the 1 hour time frame. There were actually two trading setups found in one mix, making one whole, in my opinion or from my experience, its almost always best/good to trade setups like these.
Symmetrical Triangle along with a slight double bottom/wammie
Regular DivergenceA study on regular divergence and how profitable it can be. Again I use the RSI and Stochastic RSI (Other oscillators are also good as long as you can identify HIDDEN or REGULAR divergences).
Here on the 1hr it was a tell tale signal that the markets would pull back. This is a simple but powerful tool that you should practice to become proficient
at it. Once you have become good at finding divergences then you must TRUST your analysis (sometimes harder said then done) but with practice (paper trade divergences if you are new to them) you can rely on them to give you that edge. By trading divergences ALONE (+ an oscillator signal) you can have a
great and profitable system. Combine this with a 1% risk stop loss and you are off to the races.
Notice here that the 1hr had divergences in a slightly ASCENDING bearish channel (not shown) this divergence did not show up on the 4hr time frame
therefore we must use all the tools we have at our disposal to search for divergences and then wait for our signal confirmation to take the trade.
Good luck in your DIVERGENCE trading.
Nasdaq Sell Signal (Now Too Late)Sell signal in progress. I still use the 1hr even the 15min time frame to try to get better prices.
My goal is to move them over to the 4hr time frame where I can remove as much noise as possible.
Here I am posting a trade that is too late to take. But the signal is there (I took it with a small position)
I don't see enough interest to be posting close to real-time therefore I don't really. Time to just manage
this trade. I am not looking for a huge run though perhaps lower lows but the oversold conditions
continue and I would be hard pressed to expect a massive crash (not out of the question but not enough
evidence to support this ATM)
USD/JPY (Bat Pattern) 1HRPAIR: USDJPY
TRADE: BAT PATTERN
POSITION: SELL
TIME-FRAME: 1HR
--------------------
Looking at a lovely pattern opportunity here on this
USDJPY pair, 1hour time frame, in the form of another
Bat Pattern.
For those of you, who are a lover of patterns, there is
another Bat Pattern I'm currently involved in, please
find the link to my YT below and take a look. <3
There have been plenty of Bat Pattern opportunities in
the markets lately and here is another one, that may or
may not complete. The d-point completion is far from
setting up a valid pattern, therefore, remains potential.
I trust everyone has had a wonderful weekend and are
now ready to take on a new month, full of opportunities.
--------------------
Truly grateful to be here and share my thoughts with
everyone. Always appreciate your thoughts and what
you have to say and share, let's experience Trading in
a positive way, together. Time is precious, be kind to
everyone and be safe in the markets, always.
"See yourself as love and only have that, to give away."
--------------------
Phil C.
USD/JPY (Cypher Pattern) 1HRPAIR: USDJPY
TRADE: CYPHER PATTERN
POSITION: SELL
TIME-FRAME: 1HR
--------------------
Good morning from my side of the world Star Traders.
Today I'm keeping an eye on an intraday opportunity,
to sell the USD/JPY in the form of a Cypher Patter.
Have a great week trading, please be safe, always.
--------------------
Truly grateful to be here and share my thoughts with
everyone. Always appreciate your thoughts and what
you have to say and share, let's experience Trading in
a positive way, together. Time is precious, be kind to
everyone and be safe in the markets, always.
"See yourself as love and only have that, to give away."
--------------------
Phil C.
NZD/USD (Bat Pattern) 1HRPAIR: NZDUSD
TRADE: BAT PATTERN
POSITION: SELL
TIME-FRAME: 1HR
--------------------
A couple of nice wins during the trading day. Grateful
for another day, filled with opportunity to get involved.
Another intraday / day trade opportunity on the NZDUSD
pair, 1HR time frame, in the form of a Bat Pattern.
--------------------
Truly grateful to be here and share my thoughts with
everyone. Always appreciate your thoughts and what
you have to say and share, let's experience Trading in
a positive way, together. Time is precious, be kind to
everyone and be safe in the markets, always.
"See yourself as love and only have that, to give away."
--------------------
Phil C.
WAVES/USDT 1HRWaves/USDT 1hr Got Breakout from Symmetric Triangle with Good volume.Wait for retest to Long thw Position