Chart-pattern
NZDJPY RUNNING FLAG waiting for bullish movement !This pair could go upside with impulsive movement, so be alert about price action.
DXY SHORTreport came out last friday that employment rate is better than expected. but that doesnt change the fact that were still in short trend.
but this will probably go back to 92.95- 93.10 before going to 90.5 .long term our goal is to reach 88 until the next few months. i will publish per week. because every week can have a changing direction
stoploss: 93.8
target 90.5
AUDNZD Quick Sell OpportunityJust a quick simple scalp opportunity. If you agree, please like the post.
Gold Long setup formation!!Top Down Analysis
Daily Timeframe
Gold is still maintaining and uptrend to the upside. still holding between the 9 and 21 EMA .Super bullish as inflation kicks in!!!
H4 timeframe
Price is Forming UPtrend and we can see price is currently in a temporary consolidation and we could see price bounce between to level around
1815 high level and 1795 low level. so since price is currently trading between the zone we could see price reject the zone and continue to the upside and nice momentum for today friday close
H1 Timeframe
Nice rejection on the 1715 level. we need to still confirm the rejection with high momentum to the upside
GBP/USD: Broken support, what's next?The pair broke its nice curve which was supported multiple times, as shown in my chart.
With GBP being weak this morning and USD strong, I am selling the pair and will target the first fibo level area.
I will wait for a pullback to enter since the pair is already down 45 pips. I will enter at a 50 or 61.8 retracement (pink fibo) from the top.
Trade at your own risk
GBPUSD 'W" formation evolvingLooking to see the 'W' Pattern complete then retrace to the key level before rallying upwards.
Keep an eye on this pair and see how this plays out over the week.
Happy Trading
What I'm seeing on USOIL!I no longer solely trade chart patterns buh since this is in sync with my bias on USOIL, this bullish pennant on H1 is something of interest.
Fibonacci and Chart Pattern Trading Descending triangle is in the making. Not confirmed even if we see a rejection at this down sloping trend line. Also just a quick look at the use of the fibonacci retracement tool. We have the extreme high @ 10220 (nice round number 🤔) down to the low of correction @ 8220. A rejection off the 78% fib is common in trading. 78% 38% and the 618 fibs are key in trading and in using fibonacci.
Any likes are much appreciated. Any questions can be left in the comments section. I'll be happy to get back to you. 👍
EURUSD 25.05.2020Good day everyone!
On EUR/USD pair we see that the price has been rejected nicely from the downside since my last post at this particular level.
Now, the pair is heading towards the 1.10 major resistance level which was tested in the past several times and could not brake it.
Maybe with the depreciation of the US Dollar it will manage this time.
If it could get past the 1.10 psychological number, the next target would be near 1.115 range.
I wish you all a great day in trading!
If this helped you in any way, feel free to like this idea.
MARICO- INVERTED HEAD AND SHOULDER - LONGMARICO has made Inverted head and shoulder chart pattern.
Can take a long swing trade targeting the previous swing high if there is breakout of 322 level.
Entry above 322
Target 350
SL 308 ( 1:2 RR)
Concave illustrate of MRK......!!!Concave describes an inward curve; its opposite, convex, describes a curve that bulges outward. They are used to describe gentle, subtle curves, like the kinds found in mirrors or lenses.
A graph is said to be concave up at a point if the tangent line to the graph at that point lies below the graph in the vicinity of the point and concave down at a point if the tangent line lies above the graph in the vicinity of the point.
A point where the concavity changes (from up to down or down to up) is called a point of inflection (POI).
EURGBP AT CRUCIAL POINTHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is at its resistance. One can wait for the breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
AUDCHF [SHORT] 50 pip FlagAnother small trade which involves around 50 pips; looking for a closure of the bar out side the blue channel.
Possible bottoming Triangle forming on Bitcoin $BTCBitcoin has started to form a symmetrical triangle on the 4 hour Heikin Ashi chart. Anticipating a break up for a potential long to 7k
Stock Market Analysis - 3/6/2020As a background, I do this type of analysis daily to gauge sentiment in the market. The reason for this analysis is to be on the right side of the market whenever I put on new trades. Have you even tried to run with the wind behind your back? Going long a stock when the general market supports a bullish sentiment is what it means to trade with the wind behind your back. Generally, 80% of stocks follow the general market direction therefore, although that stock you've been watching has a beautiful breakout pattern, if the general market is breaking down, that breakout pattern will probably end up being a fake out.
The markets this week have been a complete roller coaster. If you went long one day, you probably got stopped out the next day and vise versa. This is precisely what happened to me today as markets gapped down 3% today but closed strong and this is what occurs in high volatility market conditions. This type of price action is a day traders dream but a nightmare for swing traders like me. The best thing to do right now, if you are a swing trader, is simply not participate.
LSKBTC Long positionA trading idea on LSKBTC based on chart pattern. You can enter the trade and the bottom trend line with fairly tight stop loss, but if you don't want to risk that much and sacrifice a little profit, enter at the breakout.
Buy zone - 0.000152-0.000157 BTC
TP1 - 0.000175 BTC
TP2 - 0.000195 BTC
SL - 0.000148 BTC
Trade safe!
It's not a financial advice.
