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EURUSD > Possible More Upside Movement!!Analysis of #EURUSD Hi traders, today we will have a look at #EURUSD The EURUSD keeps providing these beautiful breakout patterns one after the other last time posted a triangle on EURUSD and it moved as I predicted, now the market already provided another triangle pattern, which I could not take due to CPI news yesterday. As you can see it also broke to the upside, and you know today we have major FED news coming, and you can be sure it will move the market today, anyway, I still expect the market to move to the upside as the dollar will start unwinding 2022 upside move, which will be good for EURO I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
5
USDCAD > Perfect Place for A Buy Entry!?Analysis of #USDCAD Hi traders, today we will have a look at #USDCAD The USDCAD trend is o the upside as you can see on my chart, we can partially relate that to the weakness in the oil market. looking at the chart you can see I have a clearly defined trend line trendline support lining up with the previous structure support zone which will be perfect to look for a buy entry with good reward to risk I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
2
EURNZD > A Nice Triangle Pattern, Breakout Soon?Analysis of #EURNZD Hi traders, today we will have a look at #NZDCAD The EURNZD forms a nice triangle pattern, as you can see we have multiple touches on each side. one way to trade this pattern is too to trade the consolidation inside the trendlines, the other way is to wait for a breakout and trade in the direction of the breakout, which is what I like to do. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
18
NZDCAD > Rare Cypher Pattern at Entry!!Analysis of #NZDCAD Hi traders, today we will have a look at #NZDCAD The NZDCAD has a beautiful rare big Cypher pattern near a structure resistance zone. as you can see the Cypher pattern is way above its entry points, this is part of why I don't usually take harmonic patterns by just setting limit entry trade, most of the time the pattern will continue up to test the structure zone and provide me with better entry, now I am waiting for reversal patterns, like a double top, or head and shoulder, or even a small harmonic pattern on the lower time frame I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
17
NIO: You must be aware of this KEY POINT! [Trend Analysis].• NIO is still trapped inside a Bearish Flag chart pattern, which we already mentioned in my previous analysis (link below this post); • In theory, this is a continuation pattern, and since the long-term bias is bearish, NIO would trigger it downwards and seek the next target around $5; • What’s more, NIO is quite close to the 21 ema in the weekly chart, another resistance level, and doing a Hanging Man candlestick pattern (so far); • However, in the daily chart, the trend is bullish now, as NIO is doing higher highs/lows and it is above the 21 ema (which is pointing upwards); • If NIO triggers another bullish pivot point by breaking the $14 area, it will probably break this Flag upwards, and in this scenario, the next resistance around $21 becomes the target; • Therefore, the $14 is the key point here. It all depends on how NIO will react near this price level. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
EURNZD > A Fantastic Bearish Harmonic Bat Pattern.Analysis of #EURNZD Hi traders, today we will have a look at #EURNZD The EURNZD is similar to my previous analysis on the USDCHF we have another beautiful bearish harmonic bat pattern that may or may not come, but we can set an alert that reminds us if it is ready for entry. Entry rules would be either a limit order at D leg completion or pausing for conventional entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
31
USDCHF > A Bearish Harmonic Bat Pattern!!Analysis of #USDCHF Hi traders, today we will have a look at #USDCHF The USDCHF might be forming a bearish harmonic bat pattern that might complete soo to provide us with a reason to get into sell entry soon Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
26
GBPNZD > Bearish Bat Pattern, Good for A Sell..Analysis of #GBPNZD Hi traders, today we will have a look at #GBPNZD The GBPNZD has been moving sideways for a while now, and when the market moves like that, my favorite way of taking them is using harmonic patterns. looking at my chart you can see I have a bearish harmonic bat pattern that might complete the D leg soon near key market level 1.9400, which I like to see. Entry would be either a limit order at D leg completion or waiting for conservative entry at the structure resistance zone, getting confirmation the market turning bearish, then entering sell trade I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
30
AUDUSD >Advanced Analysis for Buy Entry!!Analysis of #AUDUSD Hi traders, today we will have a look at #AUDUSD The AUDUSD might be in corrective waves before resuming a move to the upside, while I am no expert in Elliott wave theory, I have some basic knowledge of the waves. the market might continue correctly downward to complete the ABC correction wave, the best move would be if the market corrects to complete an equal move to the downside near 0.6600, which is Fib 1 Extension. if the market drops further to my zone I will look for a reversal pattern on the lower time frame to get in a buy trade in anticipation of a further move to the upside I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
23
GBPUSD > Strong Buy Signal Might Be Coming Soon!!Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD GBPUSD following my previous analysis of GBPUSD I am still looking for a buy in this market if the market drops further to the downside. as you can see we have a trendline support level, also FIB 1.618 inversing, and FIB 0.786 retracement all lining up near critical market level 1.2000 which will make an excellent level to look for a buy entry if the market test this zone I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
6
$TSLA - IS IT H&S OR A BULL FLAG?Hi All, TESLA is possibly forming a bull flag or in the process of forming an inverse H&S pattern on H4. If it is the bull flag pattern, would expect a move to orange target line (around $214) after the break out. If it is inverse H&S pattern, would expect a move to target 2 (about $240) which coincides with 0.5 FIB level if this setup plays out. Would wait until neckline breaks after a pull back to get into a position & sell about 30% of the position at target 1 to secure some profit. Target 3 is far overreach but still possible due to the prospect of a gap fill before next leg down. A strong price movement above neckline or a move below $166 would invalidate inverse H&S setup. J Powell seemed less hawkish than his previous appearances & the year end rally for exec bonuses might make these plays possible. Considering these set ups as short term trade opportunities but have a bearish outlook for mid to long term. * This is NOT a financial advice. Please do your own DD. Thank you for your time and support.
NASDAQ:TSLA
by BlokBox
🟨 Cup and Handle Pattern - cheat sheetWhat is the Cup and Handle Pattern? One of the most important chart patterns in the stock market is the Cup and Handle Pattern, invented by William O’Neill. Sometimes you might see it abbreviated as CWH. It also holds the crowd proclaimed title as one of the most profitable and reliable breakout patterns. The Cup and Handle Pattern forms as a bullish continuation pattern that can be found during strong trend. –––––––––––––––––––––––––––––––––––– Is Cup and Handle Pattern Bullish? William O'Neil cup and handle patterns represent bullish continuation patterns that mark consolidation periods which are followed by breakouts. This pattern includes two components: cup and handle . After advancing, this cup is formed in a bowl shape or with a rounded bottom. Handle forms in the upper third of the cup. –––––––––––––––––––––––––––––––––––– Stages of a Cup and Handle Pattern Formation Stage 1 Setup: The pattern starts when a price raises from a former base, making the prior trend a bullish trend. At some the profit taking starts taking place and the stock begins the decline, forming the high of the cup. The high of the cup is also called the ‘Left Cup’ Stage 2: Decline: The stock starts to form a new base. It is normal to see above average volume at the beginning of the decline. The volume element is important since it ensures that later buyers to the party are out of the stock and do not provide an overhead supply. By the end of Stage 2 the volume would have fallen below average. This low trading volume is combined with price consolidation around the low of the cup. Stage 3 Recovery: The stock starts to recover and the volume on up days starts to pick up. This indicates that institutions are taking interest in the stock. Pro tip: look for low volume on down days. Now we still have a few more types of players into the stock: the bottom fishers who bought in at the low of the cup and the bag holders who have bought at the high of the cup and have been sitting on a loss. As the stock price moves up, these would partially close their positions making the recovery process a stair stepping process rather than a V shaped recovery. As the price reaches close to the High of the cup, the last bag-holders will cut their losses and will create a large volume sell-off. At this point the “Pivot” is formed or the “High of the Handle”. Stage 4 Consolidation: After the High of the handle, the price is likely to continue its handle formation. The handle pattern occurs as there are still weak hands in the ticker. A shakeout preferably on higher volume is considered a bullish continuation in the cup and handle pattern formation . This indicates that all overhead supply is depleted. The point when the price starts to climb again and reaches the high of the handle is the breakout point. We will look for a to price breaks on higher volume to indicate that institutions have taken control of the stock and that the sky is clear to move upwards. A rule of thumb is to look for a price target with the same value as the prior advance from previous base as the one subsequent to Stage 1. –––––––––––––––––––––––––––––––––––– Hope this helps! Example of Cup and Handle on AAPL from 2003
Education
by TintinTrading
1
#GBPNZD selling opportunityPrice has been trapped in a rangy market for quite some time, but as it can be seen finally managed to break the consolidation area to the downside which means more downside move can be followed. this kind of formation base on DOW theory area called line formation and by the way they are considered as very important when they break to the one side. As it can be seen we are already in down trend and breakout of the range area from below shows that a trend may potentially resume. But also it should be in mind that the breakout can always turn to be fake signals and also price can still come higher and take out liquidity from above too. But for now and to keep things simple we need to be looking at the nearest resistance area to the price which is a structure point, because it used to provide support for price before and now that price broke this area to the down it could provide resistance. and as you can see price already came back to this area once and rejected from. Now and in the second try if price reject to the downside from this area after a liquidation you can say that this area would hold and selling is an option.
Short
by mohemati
USDJPY > Selling Dollars Is the New Game Now!!Analysis of #USDJPY Hi traders, today we will have a look at #USDJPY The USDJPY is unwinding the move up from this year and we can expect the DXY to continue down, the game now is selling dollars before others lol. I am now looking for as well 137.00 because we have trend line resistance lining up with previous structure support no becomes resistant level and FIB 61 golden level. I don't believe we could see this entry coming in because there is big money involved in this market and when they start dumping they don't stop or give you a chance to get in, but as you know we have NFP news today and anything can happen. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
23
USDCAD > Confirmed Bearish HS, Looking for Short EntryAnalysis of #USDCAD Hi traders, today we will have a look at #USDCAD The USDCAD formed a confirmed bearish head and shoulder pattern, for me this is a valid reversal head and shoulder pattern ;), since we have a confirmed break out of the neckline I am only looking for a sell entry now. As you can see on my chart, i am looking to sell at the right shoulder level where i have fib 38 golden levels, also key market level 1.3500 sharp, all will make a good level to start looking for a sell entry I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
22
AUDUSD > Straightforward Traditional Triangle Pattern!!Analysis of #AUDUSD Hi traders, today we will have a look at #AUDUSD The AUDUSD is similar o my previous idea on EURUSD a straightforward traditional triangle pattern with confirmation, as we have broken the trendline resistance and now started to move back down. you can drop a one-time frame and look for a reversal pattern at resistance to see if other trades are also looking for what you are looking for, and if there is interest in buying it back. if the maker doesn't provide a reason to get in at trend line resistance, usually what will happen is the market will drop to make another test of trend line support, which will make a good buy entry to target 0.6900 I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
26