GOLD 2618 TRADE AFTER CPIGOLD 2618 TRADE AFTER CPI
Hello Guys, Long time no see
After CPI data, Gold break down 2340 and fell
to 2319, Now the price pull back to 0.618 level
which is great place to short!
Aim 2290 and 2200
SL above 2360
FED is unlikely to cut the rate before Sep
DXY will be strong in the next few months
2618 Trade
📉 Bearish ABCD Pattern: Short Signal on NASDAQ 1-Hour Chart!In this 1-hour timeframe, NASDAQ has formed a bearish ABCD pattern, with the reversal point aligning with the previous peak. It rejected it strongly. This signifies a strong resistance zone formed around the 15250 area and it suggests that bears might be gaining control. Additionally, a notable 2.618 setup has emerged, characterized by two peaks followed by a retracement to the 0.618 Fibonacci level, a pattern known for its high success rate in signaling reversals.
The 2.618 formation being represented with blue lines
With price retracing to this optimal shorting area, I am entering a short position, targeting 14950 as my first take profit level, followed by 14870 as the second, and ultimately aiming for 14750 as my target. 📉
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀💪
Complexity of an AnalysisOKX:LRCUSDT.P
First for the bullish side;
We have 2618 + Libra + Bullish Gartley we just need a last price action signal.
After position opened if it would be possible indeed, Bearish Cypher will be the maximum target and we will reverse the position.
Looking for a price action signal is very important.
May the force be with you!
Bearish 2618 Short Setup with an Ancillary Long SetupOKX:1INCHUSDT.P
Bearish 2618 is the main setup as you can see on the graph.
The level is also a support & resistance transformation zone.
Current price accumulation indicates that if the blue line breaks with solid momentum, it will be easy to reach the level which we prepare to short.
So, an experienced trader (who can stop the position if needed) may open a long position through the level at which we intend to open a short position.
May the force be with you...
Ready for Short EOSBINANCE:EOSUSDT
Strong Resistance @Mulitple Top Levels are about 1.30
Strong sell of and after recover with a Bat formation which completes @ 618 retracement
With a price action signal the setup has already in execution plan but If blue arrow happens, the position arrangement will be very easy for risk reward plan.
Good Luck Everyone!
EURJPY - 2618 PatternA 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone.
As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
NZDJPY - Bullish ButterflyIf you had joined us last night, you would have seen how we use the Double Top Retracement zone and project a Bullish Butterfly completion that hit our final target level.
The market sort of did a rebound after it "woke up" from the ungodly hour.
Check out the live stream and you can see how the analysis was done at , you could watch from the start and learn how the zone was plotted.
www.tradingview.com
GBPUSD-Weekly Market Analysis-Aug21,Wk1An emerging bullish bat is about to form within the buy zone(blue box) is usually a great setup for a buying opportunity I will engage. However, this setup wasn't the Grade A setup and that is because Point C is a double-top, for such a setup it poses a threat of a break and closes beyond Point D completion.
As a thinking trader, I will be waiting for a candle confirmation at Point D, before engaging the buy trade, and even better, if the market retraces back to 1.3950 before the Bat Pattern completion, I will head for the shorting opportunity.
NATGAS Gartley HarmonicNATGAS, has produced a Gartley pattern after testing resistance, could be a good time to short it down if price action agrees. Targets towards $3 could produce risk reward ratios of 1:3.
EURUSD-Weekly Market Analysis-Jun21,Wk3If you have missed the Bearish Shark setup which completes at 1.2260 that I've shared on 16 May 2021; short on Parallel Channel at 1.2190 that I've posted on 6 Jun 2021; you probably won't want to miss to short within the range of 1.2150-2.2159 or at 1.2167 on the 1hourly chart, that's the price range and it's potential for a pull-back.
Click follow so you won't miss such an opportunity again.
Coincidently, my student share the same thoughts on the trading strategy, have a look, link at the bottom.
EURJPY > Possible Buy Setup May Come Soon!!Thank you for taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Follow up on #EURJPY
Hello friends.
i have been watching this setup for a buy trade last week but did not provide me a reason to get in, now that we have confirmed the double bottom on the 4-hour chart I will be looking for the following.
If the market dropped before hitting my projected target zone I will look to buy near the neckline zone which will give me approximately 100 pips possible trade.
Safe trading everyone
Check today analysis below⠀
>> Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURAUD > Simple and Easy Setup for A Buy!!If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.
Analysis of #EURAUD
Hello friends.
As you can see on the chart the market made a big move to the upside almost 420 pips, this to me indicates the move to the downside might be over and we might see a continuation.
I am looking for a simple 2618 setup, waiting for the market to come to test FIB 61; which also 15400, then dropping to the lower time frame looking for a reversal pattern to get in in a very good risk to reward trade.
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for EDUCATIONAL purposes only⠀
-Please note this is just a PREDICTION and i have no reason to act on it and neither should you