USDJPY-Weekly Market Analysis-Jul21,Wk5Based on the daily chart, a shorting opportunity is a counter-trend trade. However, based on the 4-hourly chart a shorting opportunity is a trend trading opportunity. If you are asking, how is that so?
Then it is important to get your fundamental(basic) right.
I'm looking for a trend trading shorting opportunity between 110.82-110.38, breaking and closing above the red box(110.82) will deem this trading idea invalid.
Candlestick analysis
EURUSD-Weekly Market Analysis-Jul21,Wk5Don't underestimate the earning potential when the market is moving sideways, always assess the market before giving up on the trading setup.
What if I tell you that this bounce has a 60pips range?
Now, will you be interested?
I'm waiting for a retest at 1.1759 for a buying opportunity.
BTCUSD FROM JULY 24, 17:20 CAT TO JULY 30, 2021 TECHNICAL ANLYSSThe plan is for the candlesticks to touch the level marked 1 i.e. testing the integrity of that level followed by a series of retests and then a spike up to level 2/3 then rebound back towards level 1. But for the next +-2 days it may be in consolidation forming a range that can be used to think of opening a trade. Taking into account the possibility of market manipulation by the big banks or major news
Take into account also the RSI is ranging at 70
Remember it's us against them!! OANDA:BTCUSD
GBP JPY LONG From the 4hr i can see it has broken a resistance level and creating a support region at resistance
First and second candle closed bearish and bullish respectively creating a support region
On one hour , higher high is seen to be formed laso on the 15 min timeframe higher highs and higher low are formed ,
waiting for london open at 9.00 +3GMT observing the candle formation at 30min and 15 min for a long position
GBPAUD - Bearish Butterfly at HOPBearish Butterfly Pattern complete at HOP level. I've engaged in this trade as it gave a Great Reward is to Risk Ratio.
Are you familiar with the HOP level?
Do you know the appropriate level to shift your Stop-Loss to Entry?
Comment down below.
This trade can take 2days to - 2weeks to hit its target profit.
NZDJPY - TrendlineOn the 4-hourly chart, we have three Harmonic Patterns Setup, Type2 Bullish Shark Pattern, Bearish 5-0 Pattern, Emerging Bullish Deep Gartley Pattern, but I prefer the setup on the 1-hourly chart over the setup on the 4-hourly chart.
I'm waiting for a buying opportunity on the trendline, as long as it didn't break and close below the trendline, it will be a buying opportunity for me.
USDJPY-Weekly Market Analysis-Jul21,Wk4While there are a lot of trading opportunities using the Harmonic Patterns on USDJPY, but what actually standout will be the trendline buying opportunity. As long as the market didn't break and close below the 4-hourly chart's trendline(to be more precise, not to close below 109.53), I will be looking for a buying opportunity on this pair and my 1st target will be at 110.63. That is also the level that I'll be shifting my stop-loss to entry{SLE}.
USDJPY-Weekly Market Analysis-Jul21,Wk3USDJPY on the daily chart has a buying opportunity. A retest on the trendline will give an opportunity to long, as long as it didn't break and close below the trendline. The grey box will be the area that trend traders have to take note of, if it fail to break and close above the grey box, shift stops to entry to avoid unnecessary losses.
EURJPY - Bullish Bat PatternA counter-trend trade that we discovered last night has finally touch Point D. Aggressive traders will engage at 130.15(now) and look for the 1st target at 131.23(+107pips), I'm doing an extension target for the second target. Initial Stop-Loss at 129.67(-48pips).
Let's see how this trade rolls out.
$SPRT Fib Speed Resistance Arcs$SPRT Fib Speed Resistance Arcs
Bullish Engulfing Candlesticks, Uptick in Volume
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GBPJPY - Sideway ConsolidationSideway Consolidation is one of my favourite trading setups and it is easy to execute. You just need to wait for the candle break and close above or below the trendline and engage on the next candle. First Target would be the previous high or previous low from the starting point of the trendline.
I will use Target Extension to get my Target2 projection.
GBPUSD-Weekly Market Analysis-Jul21,Wk2GBPUSD if you are looking for buying opportunity, you can observe if it respected 1.3800, you can consider a buying opportunity. For short-mid term shorting opportunities, you can wait for a shorting opportunity at 1.4009-1.3971 and if the candle break and close above 1.4009 the next shorting opportunity will be at 1.4184.
Gold futures outlook for the week of July 5Hello Ice Cold traders, here is my update for the week ahead. As per my previous analysis, price came into the 1hr supply zone and reacted well for a short of 14 points. All previous demand zones are still holding on and new demand zones are being created as well.
What does this mean for gold?
We can expect price to drop in search of quality demand zones to carry on moving to the upside. ( My opinion for higher TF trend)
Even if the overall trend is UP, that doesn't mean we can't short the market as well. However, these trades will be riskier and will only work when price hits the right structures and location of these zones. (Be careful)
With that being said, we are also approaching higher TF resistance areas. This is where it gets a bit tricky. We should expect some sideways market movement and hoping for price to break to the upside and also breaking the resistance line. While price is building, we should be looking for rally-base-rally (RBR) to form in order to confirm total market sentiments. If a drop-base-drop (DBD) forms, then we would need to re-evaluate our thoughts and strategy on how we should tackle the market. As prices, will always search for quality supply/demand zones. We should be able to see how the overall higher TF trend pans out and that would give us a clearer answer.
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Icecoldbear
EURUSD-Weekly Market Analysis-Jul21,Wk2For counter-trend traders who are looking for buying opportunities, you can wait for buying opportunities at 1.1848-1.1838. As long as the candle didn't break and close below 1.1838 you can consider an aggressive buying opportunity.
My student is waiting for a shorting opportunity, you can check out his link at the bottom.
Price Trajectory Based on candlestick analysis, level of support, MACD, and Guth 3x confirm I am bullish on Tesla for Friday.
The Guth 3x confirm shows that price & volume are low on this 45min chart and that an uptrend is starting with price & I believe as volume increases, price will also increase at an increasing rate.
MACD shows weakening bearish divergence while D+ shows growing bullish divergence.
If you look at the 4 latest candles, 3 of the 4 have bullish wicks while the most recent wick shows a market close price at the highs for the previous 3. What does this mean? Price could drop the next 45min to test the low point of the last wick & with price so low; based on all the previous indications ( MACD, 3x confirm ) we can expect the price to rise.
My 682.10 price prediction is based on the very top level of support
My 688.20 price prediction is based on the bull wick of the largest bear candle
My 693.12 price prediction is based on this weeks high, which I think is possible that a new high can be reached
Tesla is a hard nut to crack but using all forms of technical analysis together, I have confidence in my prediction.
NIO: Do you know about the Principle of Polarity?Hello traders and investors! NIO hit our target at $ 50.40 this week, since we set the target at this level, on Jun 14 ( link to this analysis below this post, if you are curious).
Now it defeated the $ 50.40 resistance, and today it is doing a pullback to this price again. This follows the Principle of Polarity : Previous resistances/supports are going to work as supports/resistances in the future. This happens because the market has a memory, and some key points are just perfect for the players to set their orders. Just to give you another example, I think this is better seen on WISH, as we discussed about in this analysis:
What’s more, NIO is doing a good reaction above this support, and it is quite close to the 21 ema as well.
In the daily chart, we have a classic Dark Cloud Cover pattern, but as long as it keeps above the $ 50.40, all we can say is that this is just a pullback in the 1h chart. The volume is quite high, though, and if NIO triggers this pattern, it might very well retest the 21 ema in the daily chart.
We have been bullish on NIO for a quite long time now, even when everyone was very pessimistic about it. This DCC is not enough to reverse the bullish bias, but it might indicate some weakness.
Keep in mind that NIO has an open gap at $ 58.65, and this is going to be our next target, if it does any good bullish pattern around.
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USDJPY - How high can you go?Recently a question was asked, "How high can USDJPY goes?" Well, from the chart I'm seeing 113.07. That means, based on the daily chart, I will only be looking for shorting opportunities when USDJPY reach 113.07.
That doesn't mean you should buy and exit at 113.07, unless you have a trading strategy that you have tested a hundred times and give you your desirable results.