Chartpaterns
EURUSD > The Prefect Trading Plan for A Buy!Analysis of #EURUSD
When i first look at my chart i try to identfy trend, are we in an uptrend or down trend, and if the trend is not clear i try to identify structure levels where the market showed me a decisive move before
As you can see from my chart i highlighted some significant levels, currently, traders are not yet willing to let the EURUSD rally above 1.0600, and the market witnessed selling or taking profit at this level.
The same for 1.0500 traders are unwilling to let the market fall below this crucial support level.
For me, I was in a buy then in a sell both hit TP but now these levels are exhausted and this is how i see it that's why i am currently looking for a breakout in either direction.
If the market break and closes above 1.0600 I will be a buyer if the rules for entry are met.
If the market breakout to the downside and comes to test my support zone near 1.03600 i will be a buyer
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XAUUSD > Strong Key Levels for A Buy Entry!!Analysis of #GOLD
Gold was sliding since it last hit the 1856 price level and I expect furthermore downside from here to test the zone near 1805-1815.
if the market comes and tests my demand zone I will then start looking for a buyer if the rules for entry are met.
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NZDUSD > The Best Place for A Buy Entry!Analysis of #NZDUSD
The NZDUSD has a strong structure demand zone near 0.6200 where buyers aggressively bought the NZDUSD that's why I am interested in a buy if the market comes back and tests my structure support zone where it will also complete a bearish harmonic bat pattern to provide a compelling reason to enter a buy trade if the rules for entry are met.
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EURUSD > Quality Bearish Harmonic Bat Pattern!Analysis of #EURUSD
The EURUSD may be forming a quality bearish harmonic bat pattern that might complete near strong structure resistance level where the market failed to break to the upside multiple times before.
if the market indeed completes the bat pattern I will then look for sell entry if the rules for entry are met.
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BTC/USDTThe ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as the price continues to make higher lows. The pattern completes itself when the price breaks out of the triangle in the direction of the overall trend.
14/06/22 UsdCad Analysis 4hUsdCad is creating a Peak Formation High, 3 swipes to the high on 1h creating Peak Formation structure, wait throughout the week for structure to confirm and price just surpasses 1.29000 and is still very Bullish, must also wait and see if price breaks the 1.29750.
DXY is extremely Bullish on the D, DXY is the USD strength meaning any USDXXX pairs with be Bullish and any XXXUSD pairs will be Bearish.
This pair's Bullish run is coming to an end this week, just have to wait and see what price does around the 1.29750 zone and the 1.30500 zone, only then will we be able to wait for confirmation.
14/06/22 CadChf AnalysisCadChf has made a Peak formation High back on 08/06 ending the Bullish run, it has dropped down to the 0.77000 zone creating the first level of drop and has dropped a monstrous Bearish candle on the 4h, now creating the new low for level 2, we will be waiting for a StopHunt High to the 50 ema and wait for entry conformation with maybe some consolidation. Expected drop to go down to the 0.76500 level or the 0.75500 level.
EURJPY > A Simple Trend Continuation Setup.Analysis of #EURJPY
Here we have a simple trend continuation setup, but a very beautiful one, and here is why.
>> trend line support
>> structure support zone
>> 138.00 psychological number
if the market comes to my support level I will wait for a double bottom inside my support zone and confirmation we held up 138.00 before entering a buy trade.
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EURAUD > A Beautiful Bearish Setup You Don't Want to Miss!!Analysis of #EURAUD
EURAUD could test its resistance level soon where I have my FIB 141 and 161 lining up near the strong supply zone where the market previously dropped 400 pips.
if the market comes inside my resistance zone I will drop a one-time frame to look for a sell entry if a bearish confirmation is valid.
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NZDUSD > Strong Place for A Buy Entry!Analysis of #NZDUSD
Similar to my analysis of AUDUSD minutes ago, The Market here also might be coming to test its structural support level near 0.6220-0.6240 where the market witnessed huge demand and rallied big to the upside.
if the market comes and tests its lows and provides me a reversal pattern inside the zone with confirmation then I will consider a buy trade with good risk to reward.
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EURUSD > Best Two Levels for Sell Trade!!Analysis of #EURUSD
The EURUSD will soon reach its resistance trend line near a strong key price of 1.08000.
if the market tests my resistance level near 1.0800 and provided me a reversal pattern on the lower time frame I will then look for a sell entry.
if not, I will then look for a sell near 1.0900 also a strong structure resistance level and a good level to strat look for shorts
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EURUSD > What to Look for Before Selling?Analysis of #EURUSD
the EURUSD is near its trend line resistance also 1.0800 key level we can expect the market to show some bearish action here but, I need to see to reversal pattern near the structure resistance level before considering sell entry.
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EURNZD > Impressive Triangle Pattern!!Analysis of #EURNZD
A triangle pattern could break to the downside, we can wait for the market to break trend resistance then look for a retest with a confirmation before entry
if the market breaks to the upside and closes above 1.6500 we can also look to get in abuy trade if the rules for entry are met.
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GBPYSD > Key Level for Short Entry!Analysis of #GBPYSD
Similar to my EURUSD analysis a few moments ago, the GBPUSD is near its trend line resistance also 1.2600 critical resistance level, waiting for the market to test my resistance level, and look for a reversal pattern before entering a short trade
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GBPCHF > Interesting Level to Start Looking for A Buy!!Analysis of #GBPCHF
GBPCHF might be coming to test its structural support level near 1.200 which will represent an interesting level to start looking for a buy entry if the market provides a valid entry with reasonable risk to reward
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GBPUSD > Watch out for This Beautiful Head Shoulders PatternAnalysis of #GBPUSD
A beautiful head shoulders pattern might break neckline resistance soon to provide a reason to start looking for more shorts in this market.
As always with head and shoulders, we wait for a break below close below before we start looking for a short entry.
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GBPJPY > The Best Place for A Sell.Analysis of #GBPJPY
The GBPJPY here is near its structure resistance level looking left you can see the traffic area where the market surrendered at last and fell down sharply.
I am looking for sell entry if the market pushes further to my structure resistance sone near 164.00, in fact, the market is for sell right here right now but the issue is the stop loss level will be very big.
the best action is to wait for a further push to the upside to having a better reward to risk
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EURAUD > Bullish Harmonic Bat Pattern!Analysis of #EURAUD
bullish harmonic bat pattern near the strong demand zone might complete soon to provide a reason for a buy entry.
Aggressive entry: limit order at D leg completion
Conservative entry: reversal pattern inside the demand zone on the lower time frame
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XAUUSD > Detailed Analysis and What to Look For!Analysis of #XAUUSD
I got many requests to analyze Gold, thanks to everyone who messages.
The gold market was in a downtrend which I warn about in my latest analysis for gold, now the market is in rotation mode, meaning it is not valid for sell as it broke previous lower highs and it is not in an uptrend as we still need a confirmation we have second higher lows and we can get that if market breaks and closes above 1870.
we have 2 possible scenarios.
the market breaks and closes above 1870 this will open the door to go to 1900-1910 next resistance.
the market breaks down and closes below 1840 and this will resume the downtrend to retest the 1800-1790 support level
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