Candlestick Analysis
GBPNZD: Bear Trap & Potential Bullish Movement 🇬🇧🇳🇿
GBPNZD is trading within a wide horizontal range on a 4H time frame.
Its support was tested yesterday.
Analysing the price action on an hourly time frame,
we can see a bearish trap, followed by a strong bullish imbalance
and confirmed change of character.
With a high probability the market will start recovering soon and reach
at least 2.124 level.
❤️Please, support my work with like, thank you!❤️
EURUSD: Important Resistance Ahead! Your PlanThe EUR/USD experienced a sharp rebound yesterday and is approaching a significant resistance zone.
Watch the 1.1203 - 1.1184 range closely this week.
A breakout and close above this area on a 4-hour chart would suggest a strong bullish signal.
If this happens, we could anticipate a continued upward trend towards the 1.1250 level.
Gold Thoughts 25-Sept-2024GOOD MORNING Everyone! Please find my Gold market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
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Nasdaq Thoughts 25-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
- #TradingPlan
- #TradingStrategy
- #MarketAnalysis
- #RiskManagement
- #PerformanceTracking
- #TradingGoals
- #MarketTrends
- #TradingConfidence
- #TradingSuccess
- #TradingConsistency
- #DayTrading
- #SwingTrading
- #PositionTrading
- #TradingPsychology
- #TradingDiscipline
- #MarketVolatility
- #TradingMindset
- #FinancialFreedom
- #WealthCreation
- #Investing
- #TradingTips
- #TradingAdvice
- #MarketInsights
- #TradingEducation
- #TechnicalAnalysis
- #FundamentalAnalysis
- #ChartPatterns
- #TrendAnalysis
- #SupportAndResistance
- #RiskRewardRatio
- #TradingJournal
- #MarketSentiment
- #EconomicIndicators
- #ForexTrading
- #StockMarket
- #Cryptocurrency
- #Commodities
- #Indices
- #TradingCommunity
- #TradingSupport
- #TradingResources
- #MarketNews
- #MarketUpdate
- #TradingAlerts
- #TradingSignals
- #Nasdaq
- #Gold
- #US100
- #XAUUSD
Bearish move correctionAfter hitting 1:5 target and securing 150 pips from the one directional bearish movement, price started to consolidate indicating loss of bearish momentum before mitigating the 4h order block. From this order block we have cleared the swing high for displacement, now we are looking for bullish opportunities because price is expected to hike in order to correct the one directional bearish movement. Anticipating a minor pullback slightly below the imbalance for a bullish entry. The ideal entry level is at 2.11400 because a sweep is expected, risking 30 pips with stop loss at 2.11100 which is below the low at 2.11204 and targeting 150 pips at price 2.12900 which resonates order block that lies between levels 2.12800 and 2.13000...
Weekly Pennant, Daily Bull Flag Confirmed! - AUHere I have AUD/USD on the Weekly & Daily Charts!
Starting on the Weekly:
- Price has been creating Lower Highs into Higher Lows forming a Pennant Pattern!
- Price will consolidate in this formation until we are given a Bullish or Bearish Break.
- Aug. 5th - RBA decides to HOLD rates @ 4.35%, afterwards we see a Fake-out of Price
Breaking Down the Daily:
- After the Fake-out, we see Price make a Bullish run and create an Equal High
- Going from the Low of the Fake-out @ .63478 to the Equal High @ .68239, Price follows a Descending Channel until making a Fibonacci Retracement to the 38.2% Level, leading to a Bullish Break Confirming a Bull Flag Pattern!
- Sept. 18th - FED decide to Cut rates by 50 BPS to 5%, afterwards on Sept. 19th Price Closes Bullish Above the Resistance-Turned-Support giving us a Higher High and Potential Buying Opportunities!
I suspect the next area of Resistance Price will come to is at the over head Swing High @ .6895 and Falling Resistance where ultimately I believe AUD will give a Bullish Break to the Weekly Pennant and we will see Price continue to climb!
Indicators:
* RSI is beginning to become sustained Above 50
* BBTrend is printing Green Bars
* If you take the two Largest Bearish Candles in recent Price Action ( Sept. 3rd & Sept. 6th in Descending Channel), we can see that the Volume Delta prints -36.103K for the 3rd but only -20.958k for the 6th, Signaling less Bearish Participants!
EURUSD: Important Resistance Ahead! Your PlanThe ⚠️EURUSD experienced a sudden rebound yesterday and is now nearing a strong horizontal resistance cluster.
Keep an eye on the 1.1203 - 1.1184 area throughout the week. A break and close above this range on a 4-hour chart would indicate a strong bullish signal.
Expect a bullish trend to continue towards the 1.1250 level.
When is The Right Time to Enter | Technical AnalysisAs we can know, gold is currently on the rise, and if we look at the chart, it has penetrated the previous resistance very strongly and this indicates that there is still a chance for gold to rise again
Then what should we do next?
we just need to wait for him to return to the resistance area or buy area
For daily traders , you may be able to place orders directly there
For scalper traders , you can wait for confirmation in that area by looking at a smaller time frame
but we also need to see how the price will return, there are things that need to be paid attention to again
thats all from me, stay tune for the next update!
NZDCAD LONGMarket structure Bullish on HTFs 30
Entry at Weekly and Daily AOi
Strong Weekly Engulfing
Strong Weekly Resistance Level broken
Daily Rejection at AOi
Previous Structure point on the Daily
Touching EMA Y
H4 Candlestick rejection
Levels 5.79
Entry 95%
Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
GBPUSD LONGMarket structure Bullish on HTFs 30
Entry at both Weekly and Daily AOi
Weekly Candlestick rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 1.32000
H4 EMA retest
H4 Candlestick rejection
Levels 5.15
Entry 110%
Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
AUDCAD: Ready to Break Higher?The Australian Dollar to Canadian Dollar (AUDCAD) currency pair is currently exhibiting some interesting dynamics that align with a bullish outlook. Here are a few key fundamentals and technical observations that support a bullish bias:
1. Technical Patterns: A bullish flag pattern has been identified on the AUDCAD chart, indicating the potential for upward movement. This pattern often suggests a continuation of the existing uptrend, which aligns with a bullish perspective.
2.Oversold Conditions: The market is currently in an oversold condition as indicated by the Relative Strength Index (RSI). This suggests that the selling pressure might be exhausted, paving the way for a potential price increase. The market is expected to reach levels around 0.908, providing a strong bullish signal.
3.Demand Zone: The presence of a crucial demand zone around the 0.905 level further supports the bullish bias. This zone acts as a strong support, where buying interest is likely to increase, potentially driving the price higher.
4.Correlation with Indices: There is a noted positive correlation between stock indices and AUDCAD. Given the bullish bias on indices, AUDCAD has a tendency to rise, which strengthens the case for a bullish outlook.
In light of these factors, I plan to utilize probabilities to strategically position myself into long trades on AUDCAD.
Let's dive into the comprehensive top-down analysis together.
12M:
2W:
Hourly timeframes:
USDCAD: Curve Analysis (1D)The USDCAD on the 1-Day timeframe shows that the pair is hovering in a downtrend, with indicators revealing mixed but predominantly bearish signals.
OSCILLATORS OVERVIEW
The majority of oscillators remain in NEUTRAL territory, suggesting limited momentum in either direction. Key metrics include:
RSI (14) : 39.50 (NEUTRAL)
Stochastic %K (14, 3, 3) : 42.11 (NEUTRAL)
Commodity Channel Index (CCI 20) : −48.23 (NEUTRAL)
MACD Level (12, 26) : −0.0019 (BUY)
Momentum (10) : −0.0096 (SELL)
Notably, the MACD shows a BUY signal, but this is outweighed by the SELL signal from the Momentum oscillator, indicating that short-term buying pressure might be fading.
MOVING AVERAGES
All significant moving averages (both exponential and simple) indicate a strong SELL bias. This aligns with the prevailing BEARISH sentiment. Key moving averages include:
EMA (10, 20, 30, 50, 100, 200): All SELL
SMA (10, 20, 30, 50, 100, 200): All SELL
Ichimoku Base Line (9, 26, 52, 26): NEUTRAL
Hull MA (9): SELL
Price Action appears to have satisfied the Supply Range; however, I have prepared four NEW Sell Limit Orders (SLOs) to capitalize on the possibility of Price Action retracing to the upside. I'm targeting previous Points of Control (POC) and Take Profit Levels.
We still have a couple of Take Profit (TP) levels left to secure during the potential move down. Additionally, two Buy Limit Orders (BLOs) are positioned for a potential recovery at lower price levels.
NEW SELLING OPPORTUNITIES
Based on previous levels
SLO1 @ 1.3754 📉
SLO2: 1.3822 📉
POC @ 1.3667 ⏳, NEW SLO HERE
TP1 @ 1.3625 💰, NEW SLO HERE
POC @ 1.3578 ⏳, NEW SLO HERE
TP2 @ 1.3517 💰, NEW SLO HERE
TP3 @ 1.3437
TP4 @ 1.3313
BLO1 @ 1.3284⏳
BLO2 @ 1.3212⏳
🚫The Stop-Loss (SL) for the pivot high is set at 1.38561, while the pivot low is guarded by a Stop-Loss at 1.3178. This allows for risk management as the market fluctuates within the range.
SUMMARY
USDCAD currently reflects a strong BEARISH sentiment across moving averages, with oscillators providing mixed, yet largely NEUTRAL signals. Price Action nearing any of the New Sell Limit Orders will dictate the next phase, but the DOWNTREND bias remains firm. Stay attentive as price approaches critical zones and prepare for potential downside moves with the predefined SLOs, TPs, and BLOs.
⏳ = PENDING
📈 = BLO TRIGGERED
📉 = SLO TRIGGERED
💰 = TOOK PROFIT
USOIL has made new LH The price has got a rejection from fib point 0.618 moreover if you take a look at the last 2 circled LHs you will observe the same bearish candle formation after which the price falls sharply so wait for that candle in this scenario also and then take the short entry can be taken by putting SL above that candle or you can also put SL at fib point .786
#PENDLEUSDT #1D (Bybit) Broadening wedge breakout and retestPENDLE regained 50MA daily support then pulled back to it twice, forming a hammer.
Looks good for bullish continuation towards 200MA resistance, buckle up!
⚡️⚡️ #PENDLE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (4.0X)
Amount: 5.1%
Current Price:
3.5533
Entry Targets:
1) 3.2645
Take-Profit Targets:
1) 4.2309
Stop Targets:
1) 2.9419
Published By: @Zblaba
SEED_DONKEYDAN_MARKET_CAP:PENDLE BYBIT:PENDLEUSDT.P #DeFi pendle.fi
Risk/Reward= 1:3.0
Expected Profit= +118.4%
Possible Loss= -39.5%
Estimated Gaintime= 1 month
GBPUSD: Road to 1.34 🇬🇧🇺🇸
GBPUSD continues trading in a strong bullish trend.
This morning, I see one more strong bullish confirmation.
The price violated a resistance line of a horizontal range on a 4H time frame
and we see a positive bullish reaction after its test.
Now the pair is heading towards 1.34
❤️Please, support my work with like, thank you!❤️
Nasdaq Thoughts 24-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.