AUDUSD - Head and ShouldersA Potential Head and Shoulders pattern could reverse and turn at 0.6364. I will be waiting for the confirmation signal before engaging in this trade.
Candlestickpattern
NZDUSD - Bearish BatA Bearish Bat Pattern gives the counter-trend traders a shorting opportunity at 0.5860. Not only is this a Bat Pattern, but the completion of the Harmonic Patterns lands within the resistance level on the 1-hourly chart.(you can check the link under "related-ideas" of the trading view)
NZDUSD - Sideway BounceA sideway bounce setup is on the 1-hourly chart. This is one of the best setup for counter-trend traders, for them can wait for shorting opportunity on the red zone and buying opportunity on the blue zone.
With that said, trading confirmation is necessary.
USDJPY-Weekly Market Analysis-Nov22,Wk1A Potential Bearish Butterfly Pattern is looking to complete at 147.95. A candlestick pattern confirmation is still as important as looking for a trading opportunity.
Do note that on the higher timeframe, I'm still looking for a buying opportunity.(check out the related article at the bottom of the tradingview post)
USDJPY is still a strong Bull!With all the BOJ intervention, USDJPY still stands strong; by the end of this week, at max next week, it will be back at the previous level.
So, counter-trend traders, if you are looking for an aggressive kind of trend reversal trade; think twice before you act.
INTRADAY AXISBANK IN 5MIN TF31/10/2022
LONG SIDE
INTRADAY(5MIN)
AXISBANK
Trendline breakout in 5MIN TF taking support from support line retest happened in 5min tf bullish structure(Higher Highs and Higher Low)marubozu formation in 5min tf
ENTRY-904.7
SL-902.3
TARGET-909.5
R:R-1:2
MOVE-0.53%
Long Trade Plan for XTIUSD (Crude Oil), CandlesticksLong Trade Plan for XTIUSD (Crude Oil) on the basis of candlesticks and dow theory
After ECB, it's FED's turn Yesterday ECB raised the rates just as expected.
There wasn't much of a reaction which most likely means, everything will be decided during FED next week.
Technically, we had a rejection of the 1,0090 level.
A potential entry would be on the re-test of that level and further rejection.
We have to wait for confirmation, the upside move is done and we are going to see a continuation of the downtrend!
USD/CHF - Short Since the trend has changed in short term, looking for sell opportunity. Placing a sell limit as shown in above chart.
AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity;
• In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick;
• If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend;
• By losing the $5.47, the next stop would be only at $5 area;
• Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it;
• This could reverse the trend in the short-term to the $8.15, our next resistance;
• Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results.
Remember to follow me to keep in touch with my analyses!
Long on XAGUSD (SILVER), Candlesticks & Dow TheoryLong on XAGUSD (SILVER), Candlesticks & Dow Theory
Important news for EURUSD Today we have ECB Interest Rates decision.
We should see them going up by 0.75%.
No matter what will be the bank's decision, we're going to see big moves on EURUSD.
We could see more bullish pressure on EURUSD, but we have to keep in mind that FED is also coming out with their decision soon.
That means, whatever upside move we see today, it could reverse pretty soon.
That's why, we think the best decision today would be to wait for the news and look for entries after that.
Also, price reaching higher levels will only give us a better sell opportunities.
SPX: Doing a top sign! Could it correct? Let's see.• SPY is doing a Shooting Star candlestick pattern today;
• If triggered, this could lead us down to the next support area around 3,760, near the 21 ema;
• This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13;
• In this scenario, any bullish reaction above the support would be an excuse to buy;
• What could frustrate this bull trend? If the index loses again the support, along with the 21 ema. In this cse it might seek the 3,645 again, or even lower support levels;
• For now, let’s pay attention to this Shooting Star and to the support at 3,760 area.
Remember to follow me for more analyses!
Long Trade Plan USDCHF, CandlesticksLong trade plan has been suggested on candle sticks pattern. A bullish engulfing candle has seen as price touches a new bottom, some upside is expected as a new LH might form
EURUSD continues to rise In the beginning of the week, we talked about price reaching its current levels of 0,9950 and then sell.
However, yesterday we had an impulse move up and right now we won't be looking for short positions yet.
After such a move, we are actually expecting a continuation higher.
Tomorrow we have ECB Interest Rates which is expected to cause more big moves.
In case of a continuation higher, we are looking at 1,0090 next!
This will be the next level where we will look to sell!
Nothing has changed on EURUSDRight now, the situation on EURUSD remains the same as yesterday.
It's heading towards 0,9950 - the level where we should see a reaction.
It's also important to know that this week, we have ECB Interest Rates.
This will definitely bring some volatility and it also makes the entries before the news more risky.
That's why we have to wait for the right moment only after confirmation.
An Uptrend Pattern!The candlestick pattern indicates a continuous price uptrend towards the MA20 line backed with high volume.
Precaution because the last candlestick indicates a "shooting star" candle, hence, the probability of price correction between the trendline channel or potential resistance area around the price range of the candle.
The MACD confirms the price uptrend towards the next price resistance.
The RSI indicates a fresh buying interest in the stock.
Let's put KAB in WL and watch out for continuous price movement toward the next price resistance backed with volume.
R 0.470
S 0.425
Selling EURUSD at 0,9950 One of the sell scenarios was on Friday when we saw price pushing higher to 0,9867.
Today we will be looking to sell again but this time from higher levels.
The level where we expect to see rejection is 0,9950.
In case of price rejecting this level, then we can enter short positions.
We will enter a short trade only upon further confirmation!
CADJPY - Bearish BatA Bearish Bat Pattern is completing at 110.00, a perfect shorting opportunity at the price action level. With that said, a candlestick pattern confirmation is still required.
EURUSD-Weekly Market Analysis-Oct22,Wk4I am still bearish on EURUSD, I'm waiting for a Bearish Deep Gartley Pattern completion at 0.9958. I'm aware that a lot traders are waiting for bullish opportunity on both EURUSD and GBPUSD but I don't see any recovery soon.
