GOING SHORT IN NZDUSDAccording to my technical analysis, It is forming an ascending parallel channel by creating a bullish Rally. According to the DOW Theory, it is forming Higher Highs and Higher Lows.
When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low.
If we see the previous Higher High then it also creates a Shooting Star on Higher High for a retracement. It again creates a shooting star pattern on Higher High so hopefully, it will retrace back to create the new Higher Low.
Let's see what happens next
Candlestickpattern
Rise on EURUSD The uptrend in EURUSD is gaining strength and has already broken previous highs.
We are likely to see a break of 1.0480 and a move towards 1.0540.
Sales opportunities are broken.
Buying opportunities from current levels do not have a good ratio.
Today we are looking at other trading instruments and waiting for suitable opportunities on EURUSD.
We remind you that today is Thanksgiving Day in the USA!
The important levels on EURUSD EURUSD rose to the pointed level of 1,032.
It is possible that the slow development and sideways movement will continue, with reduced volumes by the end of the week due to the US holidays.
This could lead to a test of 1.0220 and another rise, after which we look at the right moments to sell.
We are not considering buying because we are in a resistance zone from the daily chart and we are watching for a possible reversal.
Downtrend on EURUSDThe resistance zone we’ve marked is having an impact and EURUSD is reversing the H1 trend.
On Friday we commended sales opportunities.
Now the options are on a break and test of 1,0278 or on another pullback.
The first target is 1,0142, and 0,9950 in case of breakout.
This movement is part of the downtrend on the daily chart.
NZDJPY - Potential Bullish BatBefore we talk about the Bat Pattern, I like to make known to you that the Bearish Shark Pattern on the 4-hourly chart within the related ideas is ready for trading.
What is excellent about this trading setup is that the Bullish Bat Pattern on the lower timeframe, the 1-hourly chart completes at 85.34, which happens to be the first target of the Shark Pattern and the Bullish 5-0 Pattern on the 4-hourly timeframe.
GBPJPY - AB=CDAn AB=CD pattern setup could be used in this manner too. I'm waiting for a shorting opportunity at 167.03.
Aggressive traders could consider an instant shorting opportunity the moment when the market opens, whereas conservative traders could wait for a double top with rsi divergence to engage the trade.
GBPUSD-Weekly Market Analysis-Nov22,Wk4It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel.
That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy.
If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pattern. The harmonic pattern has the potential to form within the next consolidation zone, which is great for extension patterns like the Butterfly Patterns.
EURUSD-Weekly Market Analysis-Nov22,Wk4EURUSD sits within the resistance zone of the weekly chart, the long week had created an additional resistance level on the daily chart; even a break and close above 1.0485 happens, we have the Bearish Crab Pattern where we can catch the bearish move at 1.0597.
EURUSD salesWe have been commenting on a possible reversal for several days.
To be confirmed we need to see a breakout of the previous bottom- 1.0278
This will provide additional opportunities with a target of 1.0142
Aggressive and unconfirmed trades may also be made prior to the breakout at a new pullback.
Because of the aggressiveness they need to be low risk.
Is EURUSD about to reverse?Yesterday EURUSD rose to 1,0440, yet failed to make a higher top.
It is still possible to see a rise but we’ll be watching for movement exhaustion.
We remind you again that EURUSD is in a resistance zone on a daily chart and a reversal of the uptrend on H1 is possible.
A breakout of the bottom (1,0278) is needed to confirm the reversal.
Possible reversal on EURUSDYesterday EURUSD reached 1,0440 followed by 200 pips drop to 1,0284.
There will be further volatility caused by the news today. ( US October Retail Sales)
This could be a good time to reverse the movement in EURUSD.
New upward movement to 1,0500 is possible, but no buys are recommended from these levels.
There will be sales opportunities in case of new pullback.
EURUSD heading towards 1,0400Yesterday EURUSD held above 1,0300 levels and it’s time for another rise.
The next level is 1,0400 followed by 1,0440.
These are the levels to watch for uptrend to run out and grounds for reversal.
Trading EURUSD is currently a matter of risk. Buys are aggressive trades without good ratio.
It’s too early for sells.
If you prefer less risky trades, it’s better to wait or find another asset.
Gold Looks Bullish :)Hello friends.
today i'd like to analyze gold in daily and 4H charts.
lets take a look
in daily timeframe we saw a breakout from an old decending channel.
this is the first positive point for bull run according to TA.
The price record 3 BGD candles in recent week and this is the second + point.
now price reach a resistance level in 1770 and 38.2% fibonacci level.
but lets take a look at 4H timeframe for more details:
we see a strong support level that show Buyers are Stronger than Sellers.
and in 1770 level we see some strong candle patterns such as Bullish engulf and Hammer.
so i think the price can reach 200MA and 1800 resistance level easily like the green path i darw.
and after that we will check condition and analyze the next run.
thank you for your attention,please share me your opinion in cooments
do you think so???
NZDUSD - Bearish SharkA Bearish Shark Pattern is completed within the sell zone of the NZDUSD. It is a good trend trading setup that I'm going to jump in.
Granted, engaging on a daily timeframe could be intimidating for most traders, but I have an approach to engaging it.
The idea is to have lower risk with higher returns on each trade.