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Chart patterns

$USDJPY - Time for correction?Hi guys! 👋🏻 🔔 USDJPY looks extremely bullish, however a retest of 112.1 - 112.3 levels is most likely as the pair hit an important resistance on a 4H and a daily chart. 🔔 MACD and RSI are showing signs of an upcoming correction ahead, which might generate another uptrend potential of the pair. Probably up to 116. See daily and weekly charts below. 🔔 USDJPY daily chart. the important resistance. 🔔 USDJPY weekly chart, possible correction and a jump to 116. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
4
BTC/USDT Current StatusBitcoin remains in breakout and has strong support above 51,000. Right now we are seeing a slight pull back that will (in hopes) likely bounce from its trending supports and moving averages. Listed are two possible scenarios, a dip in RSI and a bouncing from the up tending support line, or a short period of sideways choppy action bouncing in between the local channel until a breakout. We are anticipating a breakout because of the current market sentiment of BTC. A breakdown would be a violation of the trending support line which could lead to a dump further to the breakout support trend around 50-51k. I will update this chart and many more as more candles are produced. Make sure to give a follow and feedback. Thanks for viewing.
by UnknownUnicorn28488832
1
price action patterns you need to know ( part 2 )hi my friends , i'll share with you some patterns which can help you in trading ( part 2 ) 1 - symmetrical triangle appears in both an uptrend and downtrend trend . How we use it : You can enter after the break either down ( short ) or up ( long ) with good volume candle . 1- head and shoulders happens in an uptrend and is a reversal pattern , you can set your order after the breakout of the neckline with a good volume candle finally the inverse head and shoulders appear in downtrend ( bullish pattern ) and you can set your order after the breakout of the neckline with a good volume candle . please support me with like and follow me for more ideas and tell me what do you think about that .
Education
by Diamond_Chart
2
CADJPY > On-Demand, In-Depth Analysis!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #CADJPY This market was a good sell when it first hit my structure resistance level at 82.24, but as I explained I will not sell now as everyone who wants to sell has sold already and booked some profit or exited at breakeven, Now what: either the market breaks to the upside then I will look for trend continuation entry on the lower timeframe to target the next level of resistance. Or, the market moves down and breaks below 87.20 then I will consider selling targeting 85.800 because then I will have no support in level in my way till 85.800. Please do not hate for my trading plan and I always thank you so much for the time you spent here. Check today's analysis below⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
by TheTradersAvenue
8
EURAUD > A Possible Huge Head and Shoulders Pattern!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #EURAUD Here I have a possible huge head and shoulders pattern The Plan: if the market break and closes below my neckline support I will then drop to the lower time frame looking for sells only if the rules of entry are met to target the next level if support. Thank you so much for your support. Check today's analysis below⠀ >>“ luck is when preparation meets opportunity." _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
14
$BTCUSD - Falling wedgeHi guys! 👋🏻 🔔 Bitcoin is under pressure and some analysts even predict a heartbreaking decline to $36000 and some to a terrifying $19000. 🔔 It is clear for now that Bitcoin's price will be fully dependable on the global ecnomic data especially the US economy. The reason is not only the migration of mining powers to the US but Bitcoin ETFs and Bitcoin futures which are widely available to large cap investment firms in the US. Hence track the US Dollar index and economic data on your economic calendar when trading Bitcoin and cryptocurrencies. Cryptotrading will no longer be bound to behavioural and sentiment-based investment decisions, but will solely be a fundamental and technical analysis based. 🔔 BTCUSD is currently inside a falling wedge, there should be one more leg down (correction) before Bitcoin can climb higher. Bitcoin is traded within ranges of the support zone, which is now being tested as a resistance. Hence, one more leg down is expected. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDShort
by azizelliott
6
DDOG: Probably a 15% up move soonGreat earnings and produced a runaway gap. Then price continue to grind higher throughout the rest of the month. Likely to see a 15% up move in the next month or so before pulling back. This stock looks like it has a longer term perspective. If it does pull back to $125 area, then it's probably good to accumulate. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NASDAQ:DDOGLong
by leslieyimsm
(Bursa) VIS: Potential 15% profit by next week1. Price broke out of resistance area at beginning of August (blue arrow). Normal to see pullback after that. 2. Nice pennant pattern with doji bottom, which it hit a demand zone based on 1H chart. (Should have entered yesterday but too bad...didn't see this) 3. Forecast about 0.25 move, which happens to meet horizontal + trendline resistance. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
MYX:VISLong
by leslieyimsm
PYPL: Potential 5 R/R up side trade or more!Paypal has rallied about 260% since covid19 low back in Mar'20. Price retraced after hitting ath on July 26, giving us ABC retracement (purple drawing line). What I'm forecasting now is a short 5 Elliot Wave up to Supply Zone. Waiting for pullback (4th wave) to Demand Zone. Since there's a gap up on Aug 30, my entry will be at $280. Target profit 1 at $300 (round number) Target profit 2 will depends if the Supply Zone/ Resistance will hold. If it does, then will exit all. If it doesn't, then PYPL will have lots of upside potential. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NASDAQ:PYPLLong
by leslieyimsm