USDJPY strong sell The analysis suggests a 'Strong Sell' recommendation for USDJPY based on the identification of a harmonic pattern, specifically an AB=CD pattern. Additionally, the analysis incorporates Elliot Wave analysis, supporting the bearish outlook for the currency pair. This combination of technical indicators indicates a potential downward trend in USDJPY, emphasizing a cautious approach for traders and investors.
AB=CD
Potential Bearish Moves Amidst Bullish SignalsNZDJPY presents an intriguing trading setup despite being a counter-trend trade.
The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity.
I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending to initiate a short position at 91.99 on the Daily Chart.
Trade plans can vary among traders based on their analysis and risk management approach.
What's your trade plan or strategy for NZDJPY?
Feel free to share your insights or plans below!
Navigating A Weaker Bull Trend For Strategic TradingIt appears EURUSD is currently within a Weaker Bull Trading setup.
For trend traders, waiting for a counter-trend opportunity might be a potential strategy.
Counter-Trend Traders, here are two considerations for your approach:
As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer an entry point for your trade.
Alternatively, keep an eye out for an ABCD Pattern as it unfolds, presenting another counter-trend trading setup.
These strategies aim to navigate against the prevailing trend, so it's essential to apply rigorous risk management practices.
Happy trading!
XAUUSD Short ⤵️Gold Market Analysis
Symbol: XAU/USD (Gold to US Dollar)
Technical Analysis:
on ABCD wave
in C position
Forecast:
Considering the technical and fundamental analysis above, gold is likely to move towards SHORT. Caution is advised, and entry and exit points may vary based on market conditions.
Trading Guide:
Timely Entry: If the downtrend is confirmed, entering Short positions might be effective.
Risk Management: Placing stops and limits is crucial for risk management.
Note: Always stay vigilant to market changes and base your trading decisions on the latest information.
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!BTC had formed an inverse head and shoulders pattern. I said in the analysis a few months ago that the price followed this pattern and will soon reach 43,000 . The expected movement is measured as the price movement (AB=CD). Keep in mind that the next big resistance for BTC will be around 43k.
previous Analysis
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
X-Y-Z Bitcoin to Gold Welcome to the Z Both adhere to the patterns of mass adoption cycles, culminating in a conclusive phase of secular adoption.
Bitcoin is now in the Z phase and moving much faster than Gold due to instant allocation ability globally.
Welcome to the Z, how high this goes before a cooling off period like gold in 82-02? we're about to find out.
USDCAD - Bearish Structure Trade Using ABCD PatternsA look at as potential bearish structure trade on the USDCAD using previous structure resistance & multiple AB=CD patterns to build our case for entry.
If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below.
Akil
Technical Analysis & Trading StrategiesIn the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods.
In this scenario, we marry technical analysis with the art of trading.
Observations:
A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84.
For Fib-3 Bat enthusiasts, a buying opportunity may materialize on the 1-hourly chart.
Now, the pivotal question: What would be your approach to NZDJPY? Your insights matter. Please share your perspective below!
USDX🔥 Weekly timeframe of USDX🔥
Remember that just because price gets to either a Buy or Sell level doesn't mean you trade blindly. Always look out for other supporting factors to validate your trade. The more factors there are, the higher the probability of success!
Success we all pray for new week
Ameen!!
*_#trade with caution_*
USDX🔥Still on Leg 1(i)
We expect it to cover up Leg1 (ii & iii) Before we SPIKE down to Leg2📉📉
Patience is the key 🧘🎉
Remember that just because price gets to either a Buy or Sell level doesn't mean you trade blindly. Always look out for other supporting factors to validate your trade. The more factors there are, the higher the probability of success!
Success we all pray for new week
Ameen!!
*_#trade with caution_*
GBPCHF Technical Analysis: Sentimental High Probability Call.In-Depth Technical Analysis: A Bullish Opportunity in GBPCHF
Delve into a comprehensive technical analysis of GBPCHF, driven by a complex harmonic pattern on the price chart. Notably, market sentiments are aligning with this trade, increasing the likelihood of reaching our target."
This version provides a clearer and more concise presentation of the information while maintaining the key points of your analysis.
EURUSD is bullish now and many Traders don't see it 👀!!!EURUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
Also, hidden bullish divergence makes this analysis more accurate.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Waltonchain (WTC) formed bullish AB=CD for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Waltonchain (WTC) with BTC pair.
Recently we caught a nice trade of WTC as below:
Now on a 4-hour time frame, WTC has formed a bullish AB=CD move for the next bullish reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
TSLA: Bearish Harmonic Test of Neckline To Bring it Down to $25TSLA after bouncing back up thanks to a Bullish ABCD with Bullish Divergence is now backtesting the Neckline area of a Bearish Head and Shoulders while Filling a Gap at the PCZ of a now Bearish ABCD that it's formed on the way back up a leading into this zone and now it may make its way back down to about $25.00