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GBPUSD > Looking for A Buy and Here Is Why!?Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD The GBPUSD moved to the side with strong momentum today, at its highest was up almost 1.80% or 1.2300, just not too while ado the GBPUSD was 1.0300 and trees were expecting parity. The trend is to the upside and you now saying the trend is your friend, so in this market, we better be looking for buy entries only. As you can see from my chart we have clearly defined trend line support, and we also have a clear support zone. The first level to look for a buy entry is near the structure support zone near 1.21500, looking for a reversal pattern near this level, such as double bottom or head and shoulders, if you want to be aggressive you can look reversal candle pattern, or we might get a harmonic pattern and use as an entry. The second level to look for a buy is at trendline support, we can follow the rules from the first entry to the second entry as well, looking for reversal patterns trendline support, or harmonic patterns 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
13
#Head&Shoulder chart pattern in action Head and shoulder definition: A simple head and shoulders top formation is characterized by a peak representing the left shoulder, followed by a higher peak which is referred to as the head of the formation. A lower peak representing the right shoulder is found on the right‐hand side of the head. The head should be the highest peak in the formation. The neckline is a trendline that connects the troughs that lie on either side of the head. Necklines may be horizontal or inclined which in our case is inclined. In an inverted head and shoulders formation (also referred to as a head and shoulders bottom), the head is the lowest trough within the formation. Head and shoulder pattern completion: The head and shoulders formation is completed with a valid breakout of the neckline Until a valid penetration has occurred, the formation is regarded as merely tentative. But as you can see in our case the pattern is completed since we can see upside breakout of the chart pattern neckline. Head and shoulder pattern target: The minimum one‐to‐one price objective or target for a head and shoulders top formation is simply the vertical distance between the head and the neckline projected downward from the neckline breakout level. For an inverted head and shoulders formation, the vertical distance is projected upward from the neckline breakout level. You can see this vertical line in the chart. Head and shoulder pattern entry: ■■ Short at a break of the right shoulder’s uptrend line with a stop placed above the right shoulder or head (see Point 1 in Figure 13.9) ■■ Short at the peak of the right shoulder with a stop placed above the right shoulder or head, especially when there is a significant resistive confluence comprising of significant Fibonacci retracement levels, Floor Trader’s Pivot Point levels, and psychologically important price levels associated with double and triple zeros ■■ Short at the right shoulder when it is testing the left shoulder’s resistance level, with a stop placed above the resistance level or head ■■ Short on a valid penetration of the neckline with a stop placed above the neckline, right shoulder, or head (see Point 2 in Figure 13.9) ■■ Short on a retest of the neckline after a valid penetration with a stop placed above the neckline, right shoulder, or head (see Point 3 in Figure 13.9) ■■ Short on the penetration of the price associated with the trough created by the retest action, with a stop placed above the trough, neckline, right shoulder, or head (see Point 4 in Figure 13.9) i.postimg.cc Source: the handbook of technical analysis by Mark Andrew Lim
FX:JPYBASKETEducation
by mohemati
NZDCAD > How to Use FIB for Classic Trendline Entry!!Analysis of #NZDCAD Hi traders, today we will have a look at #NZDCAD The NZDCAD has a similar setup to my AUDCAD idea as you see we have a perfectly clear uptrend, and clearly defined trendline support. the market has previously a strong resistance level which the market broke and move to the upside, the market now is expected to continue up, and we can look for trend continuation patterns such as channels or triangles, wedges or flags, the market, in fact, might e forming a channel pattern now, but you need to be careful that it's not a double-top pattern, for that wait for confirmation first. if however, the market dropped to test its trendline support, and previous structure support zone, which is also FIB golden ratio 0.618, which is perfect for me, to start looking for a buy. 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
21
AUDCAD > What Is He best Place for A Buy!!Analysis of #AUDCAD Hi traders, today we will have a look at #AUDCAD The AUDCAD also broke out of its resistance structure level as you can see, and the perfect way of trading now is to look for a trend continuation pattern such as a Flag pattern, or wedge pattern, Triangle pattern, or wait for the market to come and test the previous structure support now becomes a resistance level 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
22
USDCAD > The Best 2 Places for High Quality Buy!!Analysis of #USDCAD Hi traders, today we will have a look at #USDCAD The USDCAD might be providing a buy entry at previous structure support soon, we can wait for a reversal pattern like the double bottom on the lower time frame to use as a reason to get in a buy entry. if the market doesn't provide a reason to get in buy at the first level, I will still be looking for a buy entry near trendline supports you can see on my chart, the same thing we can wait for the double bottom at trendline support that meets the rules before getting in a buy trade Personally, i prefer to buy at the send place, but i will see what the market provides. 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
10
AUDUSD > Perfect Setup for Buy Entry!!Analysis of #AUDUSD Hi traders, today we will have a look at #AUDUSD The AUDUSD might be forming a perfect setup for a buy entry, as you can see we have an uptrend, and now the market might be coming to test its trendline support, near 0.6450. Also, we have a possible bullish harmonic bat pattern that might complete the D leg also near my trendline support, which is one of my favorite ways to use harmonic patterns. as you can see if the market comes to test trendline support it will complete the D leg for my Bat pattern, which will be a very good reason to enter buy trade if the rules are met 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
10
EURUSD > Double top, might see further move downAnalysis of #EURUSD Hi traders, today we will have a look at #EURUSD The EURUSD yesterday tried to break out to the upside only to fail and close back below the previous structure high, and not we can consider this a double top. now I expect the market to keep moving down as explained in my previous analysis to test its key market support level near 1.0100, which will be an excellent level to buy if the market reaches this level 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
29
GBPUSD > The Market Might Continue Down!Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD The GBPUSD broke out of this consolidating wedge pattern, I am expecting the market to keep on falling down to test the support level near 1.16500-1.1600 I am watching the market to see if i can get in a sell trade to target the next level of support. 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
18
GBPUSD > Beautiful Bearish Harmonic Bat Pattern!! Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD The GBPUSD might be forming this beautiful bearish harmonic bat pattern on the lower time frame, if someone is into day trading this is a good setup I will say, however I may or may not take it, depending on how the market arrives at the resistance zone or the D leg completion. 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
29
AUDUSD > Interesting Buy Entry for A Good RRR!! Analysis of #AUDUSD Hi traders, today we will have a look at #AUDUSD The AUDUSD previously had this reversal pattern which looks like a bullish head and shoulders to me, as you can see the market broke the neckline resistance and now might be coming to visit the zone again as you know this area now will act as a support level for AUDUSD and could be a very good zone to start looking for a buy entry depending on how the market will get there 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
26
EURUSD > Still Looking for A Buy Entry!! Following up #EURUSD Hi traders, today we will have a look at #EURUSD the EURUSD moved as predicted in my previous idea "you can check it following the link below", and still moving to the downside to test its previous resistance zone which now has become a support zone. the market might visit the zone near 1.0100, and if it did that will be looking for a vailed buy entry to get in abuy trade for possible continuation 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
5
GOLD - H&S confirmed? As it is the case with all USD pairs, Gold is no different. A Sharp rise, multiple rejections then a downtrend. Looking at the 4hrs chart we see a Head and Shoulders bearish pattern formed and confirmed after breaking below the neckline. Considering that DXY is likely going to confirm an Inverse H$S we see Gold continuing bearish momentum: 1) Testing 100MA at 1731.5 - if it did not rebound then 2 & 3 as well. 2) Pullback to Fibo levels 3) Testing the demand zone between 1703 & 1713 Love, Lacasafxfamily
TVC:GOLDShort
by lacasafxfamily