An easy but effective strategy for buying Nasdaq (backtesting)Hello everyone,
Nasdaq has been trading down this year, but it has made a new swing high and a higher low on daily timeframe after reaching a key zone (explained in the video).
RSI is showing bullish signals on daily and H1 timeframes.
Buy on the m30, after candlestick signals on Fib levels, and catch your profits!
Goodluck,
Joe.
Candlestickpattern
GBPJPY - StructureGBPJPY on the 1hourly chart at structure; any plans you have, traders?
Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
EURUSD on hold before the news EURUSD is rejecting the resistance zone but it looks like it is going to wait the news tomorrow.
Before that, it could continue trading sideways without forming lower lows.
You can look for aggressive entries on the rejection or wait for further confirmation for more conservative positions.
NZDJPY - Bullish SharkHave a closer look at NZDJPY, a 4hourly chart. My setting to the chart is (UTC +3), which means the candle close will happen at 1 pm (GMT +8).
For this setup, I will not wait for confirmation on the 1hourly chart. You will understand why if you have a strong trading foundation.
PROBABLE SWING OF EURUSD INTO 1.0140 PRICE LEVELAnticipating a buy around current price level on the EURUSD.
Price may tap into the lower regions of 0.99400 price area before the push up into the highs.
I will be looking for confirmations of the buy through candle stick patterns and formations around the current region
and also will be paying attention to liquidity.
Trade cautiously! This is for educational purposes. Past performances doesn't guarantee future results!
Important week for EURUSD This week, we are expecting the FED Interest Rate decision.
Expectations are for a rise of 0.75%.
That means we will see big fluctuations on Wednesday and probably no clear moves until then.
We will be looking for selling opportunities again and a new low below 0,9880!
US30 into the Fed rate Light news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:
1) We see priced in data and a direction chosen into the lead up
2) We see price stall out until we enter the day into the rate release.
This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.
SPX trading into Fed rate releaseLight news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:
1) We see priced in data and a direction chosen into the lead up
2) We see price stall out until we enter the day into the rate release.
This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.
When to sell EURUSD? Yesterday, EURUSD continued trading sideways without being able to break below 0,9955.
Today, we are expecting another push down and for price to eventually reach 0,9880.
The best entry signal would be a push just above 1,0024 and then an immediate drop in price.
In case we see a rejection wick above the previous high that would give us an entry signal as well as good risk to reward ratio.
Da Bears and Gold-1hr candlestick This area showed potential to become a double bottom.
The white line is the yesterday's daily close. You can see how two Hammers were created.
This formation ended up being just part of a bounce of a larger bearish move.
The candle immediately following the second hammer is a large Bearish Engulfing which closed right at the level of support. The next candle has no upper wick and was able to push down. The Daily support now turned resistance.
If this Bearish momentum continues, we could see Gold continue to drop several hundred dollars.
Time to sell EURUSD again Yesterday we saw EURUSD trading mostly sideways.
It's now time for a continuation of the downside move towards 0,9880.
As of right now, we have a minor pullback.
As soon as we see another rejection, we may see the beginning of that next move.
We are looking for a breakout of 0,9880!
A new low on EURUSD EURUSD rejected the sell zone pretty strong
Now, we are looking for a continuation down and a new low.
All entries made at the sell zone could now go breakeven and expect further development of the trade.
Any new entries could be made below 1,0060.
We can see another push down on London open but this time, we are not expecting an impulse.
A Strong Uptrend Pattern!A significant price movement from the previous trading due to intrigue buyers backed by a high volume. Hence, the candlestick body closed above the MA50 line. This indicates a strong buying interest in CYPARK from the previous candlestick pattern toward the uptrend pattern.
MACD and OBV indicate a divergence pattern, hence, supporting the pricing uptrend towards the next price resistance.
The RSI indicators are not yet exceeded indexer 70, therefore, low probability of changes in trend reversal due to overbought or overvalued.
The Price of Control (PoC) is 0.42 and above the VWAP line which is possibly a long position trading strategy.
Let's save CYPARK in WL and watch out price movement towards the MA90 line as the next resistance price.
R 0.460
S 0.385
AUDCAD - Bearish Shark 🦈 The Bearish Shark Pattern has went to the 2nd entry level, as a Shark Pattern Trader, you have to be aware that this harmonic patterns can have as much as 3 different entry zone.
Conservative Trader can consider to wait for retest of 0.8947 to engage the trade.
EURUSD sells Yesterday we saw a rejection of our sell zone on EURUSD
The downside move will be confirmed once we see a breakout below 1,0080.
That's when our entries will be confirmed or that's when we can also add to our positions.
A more aggressive entries could be made on another rejection of 1,0160 and after seeing some reversal candlesticks there.
Stops should be above 1,0080!
Emerged of Buying Interest!Due to published news for the RM13m deal, there is significant buying in hence the price closed the MA50 line backed by significant volume compared to the previous trade.
MACD and OBV indicators confirm the price uptrend towards the next resistance price which is the MA200 line.
Precaution for a price correction between 10% - 20% from the recent peak where it may be primed for a trend reversal or corrective price pullback.
Let's save VELESTO in WL and watch out for a price uptrend towards the next resistance price which is the MA200 line.
R 0.115
S 0.085
GBPJPY LONGGood evening guys,
I've just hoped on the charts and GJ is looking very clean, if there's a perfect example of a break and retest, this is one lol!
166.0 is a huge area of resistance and we've absolutely smashed through it and this is after printing a double top so this really shows that buyers are in control of the market.
For this trade, I'm now waiting for price to come back down to 166. where I'm going to looking to take a buy, but first, I'm going to wait for a nice rejection which can be a depletion of selling pressure combined with buying pressure. We want wick rejections and bullish candles being printed then we will take a buy own this pair.
First and last TP will be the next level of resistance (168.)
I'm tired so hence the lack of information regarding support / resistance, candlestick patterns, Fibonacci's etc.
This trade is mainly supply and demand crossed with a standard break and retest - we don't need to overcomplicate things!!
A sell zone on EURUSDThis week, we're looking for more opportunities to short the EURUSD.
A good entry moment would be if price reaches the levels around 1,0145-1,0213.
Another way would be to see a breakout of the trendline and the previous low at 1,0030.
In both scenarios we will be looking for targets at or below the lows around 0,9880!
We do not consider any long positions!
USDCAD- 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
EURUSD-Weekly Market Analysis-Sep22,Wk3Before we start, you have to be aware that both the Daily and 4-hourly chart is in the Bearish Trend but the 1hourly chart is in a Bullish Trend. On a mid-long term perspective, I'm waiting for a shorting opportunity, however, on the 1hourly chart you can wait for a buying opportunity.
So how does this work?
If a Bullish Trading Opportuntiy presents itself on the 1hourly chart, I'll take it. I can even stretch my 2nd target if the setup shows such opportunity.
Waiting USOIL to try 110+ levels once moreAfter finding support at these levels I am waiting USIOL to try 110+ levels once more thru the upper line of the channel. I may suggest to be at long side till 110+ levels
GBP/JPY Short Hi Guys,
I'm looking to take this short on GJ.
We have currently witness price print a perfect double top at a strong level of supply / resistance
Price has now broken through support which we are anticipating to act as resistance
We are now waiting for our entry which could either be a depletion of buying pressure and a new presence of selling pressure (wick rejections / bearish candlestick pattern)
This is near enough a perfect set-up but nothing is guaranteed.
This is where patience is vital.
Let me know what you guys think?
GOLD-4 hr candlestick analysis !!4 hr Analysis
We can see a Double Bottom was created. Double Bottoms can be strong signals of a reversal.
Double Bottoms indicate several things:
1. Strong Support
2. Bears failed here twice
3. Bulls won out
Looking at the yellow circle to start.
This candle is a bit of a spinning top at the level of support. We can be sure that price will go up based on the next candle, a Bullish Engulfing. And price does continue up.
The red highlight is the high. Drawing the Fibb from the yellow cirlce low to the red highlight high gives us a turnaround point at the 61.8% level.
Price came to here, formed a Bullish Harami, and went up.
Additionally, Since there are three Bullish Candles in a row, Gold created a Three White Soldiers formation. This is also an indication that the Bulls are beginning to win out.
