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AES Corporation - Short term view with strong supportSo first of all both price and indicators are confirming the downtrend. Today NYSE:AES opened with a gap succeeding yesterday's equilibrium in price with doji candles. The price is still in the middle of the regression line and in the next few days the price don't seems to be close to upper 2 SD. In the print above the yellow line shows the support at $11.43. The image's time horizon starts at the end of 2006. Furthermore looking at short ratio available online the value is about 2,7 from mid October as well as more than 22M short interest
NYSE:AESShort
by AFCapital21
CHFJPY 4H LONG setup CHFJPY has been consolidating for a long period of time and finally broke the resistance level recently, which possibly helped to form an upward Break of Structure(BOS) confirmation too, seen on 4H chart. Look at the Daily or Weekly chart, you can see that we are in clear uptrend, it is a good idea to follow the big trend. Now when the price pulls back to the 4H Order Block, we can BUY, this is a classic trend-following trade. Entry: 172.060 Stop Loss: 171.471 Take Profit: 180.117 Risk Reward Ratio: 13.8
Long
by ForextWaveTrading
EURUSD 2H Which Way Will It Choose? EURUSD has come into a potential Demand Zone based on 2H chart, but the question is: Will it bounce back up from here to the the Daily Supply Zone or will it keep pushing down to further support areas down below? The answer is we need wait for additional confirmation signals to give us a hint on which direction the market will be heading, such confirmations might be found on lower timeframes. Two brief prediction paths are drawn on the chart. Caution: Jobless Claims news release soon in less than 2 hours. Be careful trading around that time period.
by ForextWaveTrading
Will BTC Push Up Soon? The Key Level is at 65000.00 !!! I will be looking for LONG opportunities on BTC after the resistance level at 65000.00 has been broken and thereafter forms an upward confirmation Break of Structure(BOS) signal, and the two reasonable take profit levels are set as "TP1" at 70000.00 and "TP2" at 72000.00, shown on the 8H Chart. At the moment, BTC is consolidating locally. It seems that the market needs to grab more liquidity from supporting areas down below in order to push up later and the 8H green Demand Zone can be a potential area for that. If the "Caution level" at 58000.00 below the 8H Demand Zone has been broken first, then new analysis on BTC will be made.
Long
by ForextWaveTrading
GOLD 1H Situational Analysis Gold has been pushing up for a long period of time, now it has finally slowed down and started consolidating seen on 1H chart. For LONG opportunities, we need a upward confirmation signal Break of Structure(BOS) to happen at level 2517.580 first, which increases the probability of the market going towards the TP level 2531.765, after which we can start seeking for entry area at lower timeframes to BUY. There are two scenarios for the market to reach BOS, briefly marked by the blue and green prediction paths. At current moment, it is not easy to Short the Gold, since the uptrend in higher timeframes still seems very strong. But I've suggested a rough "Caution level" at 2491.000, indicating a potential trend reversal signal once it's broken, it's lying below a 1H green demand zone.
OANDA:XAUUSDLong
by ForextWaveTrading
The "Wedge" Confirms the "Nod" - EUHere I have EUR/USD on the 4 Hr Chart! The Head & Shoulders Reversal Pattern took all mid-July to form with Price finally Breaking the Low @ 1.08715 and giving us the New Lower Low @ 1.08256! Price has been working back up to test the Break of Confirmation of Pattern but remains unable to break above, and with this Price Action, we begin to see a Bearish Wedge formation!! This Wedge is a Continuation Pattern and is textbook confirmation to see the Head & Shoulders being true to the Reversal Behavior! *As long as Bears remain solid at the 1.087 level, the Bearish Break to the Rising Support of the Wedge will be Confirmation of the Wedge Continuation Pattern itself, therefore strengthening the Bearish Bias on the Pair to CONTINUE! -We see Price on the RSI is remaining BELOW the 50 reassuring Bearish Pressure -BB Trend Printing strong Red Bars -Fundamentals- EUR - CPI's & GDP (Tue), CPI's (Wed), PMI's (Thur) USD - Consumer Confidence & JOLTS (Tue), ADP Non-Farm/GDP/Pending Home Sales/Funds Rate (Wed) Unemployment Claims ISM Manu. PMI (Thur) Average Hourly Earnings, Non-Farm Employment, Unemployment Rate (Fri)
Short
by Novi_Fibonacci
Ultimate Trading Strategy: Reaction to Supply and Demand Levels!🔍 Identifying Potential Buy or Sell Zones: In this step, you need to identify the zones that are likely to react and wait for the price to potentially reach them. ⏳📊 🌟 With the reaction to the first area, a buy trade is activated. 🌟 📝 Confirmations: 📉 Reaction to the expected area – Watch for a price movement hitting our anticipated zone! 🛠️ Formation of a combined hammer pattern – Look out for this powerful reversal signal! 📈 Formation of a bullish engulfing pattern – A strong indicator of upward momentum! 🔍 Trading Tips: 💡 High-risk stop-loss location: 👉 Place it below the candlestick pattern. At least twice the spread to ensure you're covered! 📏🔒 💡 Lower-risk stop-loss location: 👉 Place it below the expected area. Again, at least twice the spread for extra safety! 📏🔒 💰 Take-profit strategy: 👉 Base it on risk management mathematics, such as risk-reward ratios of 2, 4, and 6. 👉 Alternatively, observe reactions to past market areas, especially near important market highs and lows. 📊📈 🎯 Entry point strategies: 👉 Enter at the close of the confirmation candle. 👉 Or, set a limit order around 50% of the confirmation candle for a bigger volume opportunity! 📉📈 🌟 Buying in Two Phases: A Smart and Exciting Strategy! 🌟 🔹 Phase One: When you reach a profit of twice the risk, exit the trade. Why? Because the Asian high has been hunted and the candlestick formed has a long upper shadow. 🌄💹 💡 Analysis: The price hasn’t reached other zones yet and has risen in reaction to the first expected zone. Therefore, we expect a pullback and continued upward movement. 💪📈 So, I’ll place a second buy trade. 🚀💵 🔍 Confirmations for the Second Buy Trade: A double bottom has formed, marked with an X. ❌❌ A small hammer candlestick has swept the double bottom. 🔨 A long positive shadow candlestick has swept the bottom and reacted to a small order block on the left. 🌟 💡 Tips for the Second Buy Trade: Enter at the close of the long-shadowed doji candlestick or place a stop limit order above the long-shadowed doji candlestick. 📉📈 The stop loss should be below this candlestick. 📏🔒 🔹 Phase Two: Next, the price has reached an expected reaction zone from where we expected a price drop. 🌐💡 🔍 Confirmations for the Sell Trade: Reaction to the expected zone. 🔍 An inverse hammer candlestick reacting to the zone. 🔨 💡 Tips for the Sell Trade: The entry point should be in a candlestick with a negative signal indicating a price drop. This hammer candlestick can indicate a decline. 📉🔻 The target can be a reward of 2 or the last price bottom. 🎯💰 The stop loss should preferably be behind the expected zone. 📏🔒 🔥 Important Points!!: Since the price hasn’t deeply penetrated the zones, there’s a chance it might go higher or even mitigate this zone twice, ultimately turning it into a pullback for a further price rise. 🚀📈 Continuing on, the price reached the upper zone area. We expected a price drop from this zone, but it reached at 03:15, which is outside our trading session. However, we could have traded on it. 🔍 Sell Confirmations: The price has reached the expected zone. An inverse hammer candlestick pattern. 💡 Interesting Fact: If you had placed a limit order around the midpoint of the previous two zones, you would have profited by now. So, for this zone, you can also place a limit order around 50% of it. Continuing further, other zones have formed below that could be useful for new trades. ✨ Successful Sell Trade Achieved, Reaching a Reward of 4 Times the Risk. 📉 During the session continuation, the trend line was broken, triggering an upward price pullback. 🔹 Now, at the beginning of the session, we have a new zone, likely a selling order placement area. We're taking the risk on this zone. This time, we can place the trade around 50% of it. 🚀💼 🔥 Alright, what's your take now? 🔥 🌟 Is the price reacting to this level or not? 🌟 🚀📈 or 📉💥 Where are the upper zones located? What do you think? 🤔💬
Education
by mohamadrezaKhorsand
STRONG "HEADED" REVERSAL COOKING UP?? - UCADHere I have USD/CAD on the 1 Hr Chart!! Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP! Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face". A HEAD AND SHOULDERS PATTERN!! Now with our "Neckline" @ 1.36567 being confirmed after the formation of the First Shoulder and Head, we can expect to see 1 last attempt at a HIGH!! This HIGH I believe will be at the Same level as the First Shoulder, forming the Second, which will be CONFIRMATION OF PATTERN!! Then, upon arrival back at the Neckline, we will be looking for SELLING OPPORTUNITIES!! **IF Price BREAKS & CLOSES ABOVE the First Shoulder @ 1.36984, Pattern is INVALIDATED!! First Profit Target Zone will be at the SUPPORT ZONE @ ( 1.3627 - 1.3600 ) Range
Short
by Novi_Fibonacci
Ethereum Move As Expected, Continuation Or Reversal?!Hi my friends, I hope everybody of you is doing well in today's volatile times, for now, Ethereum provided good signs to rely on the last weeks different to bitcoin and other cryptocurrencies the signals with Ethereum were highly worthwhile for me with some good opportunities in the schedule, therefore, I highly recommend that you read the last ideas I made on ETHEREUM these are living examples for how well technical analysis can work and that is a science which can be applied on today's markets. The triangle which I forecasted broke out as expected and the bearish pull-back came, in the trading-perspective, these observations can be measured highly profitable. Friends, I see many people distracting with giving wild promises that bitcoin or ETHEREUM skyrocket to 1.000.000, etc, this is mere speculation and we should always keep an unattached cool head to consider the best opportunities with the highest possibility the market gives us. The market is full of many contrary signals which has to be ordered rightfully. Great, let's look at the current situation and what ETHEREUM is doing right now, we have some important signs which shouldn't be ignored therefore I am looking at the 4-hour locally time-frame. When looking at the current chart which is building a coherent follow-up to the previous ideas I published about ETHUSD, we can see that it almost did what I expected it will do, we had a downturn from the strong resistance level at 170 USD, the market was at resistance. For now, we have a support-base between 145 USD and 150 USD this support base will be respected because there are many confluence factors coming together building up a highly possible confluence-zone where the price will surge, from there we can see two possible price-action-scenarios coming. At the first hand, it is the scenario in which we get a bullish up-move bringing ETHEREUM into resistance and then falling back again, this moves us possibly because we still see selling pressure. The other way will be that ETHEREUm stabilizes at the support and establishes to move above resistance. What is important to be said in this structure is that we have a very very very bearish zone confirmed when we fall with ETHEREUM under the 145 confluence-zone you can see in my chart. When we cross this level to the downside I do not see a fast reversal coming so soon. The next support below that level will be at 128 and the next one at 120. On the other hand for a bullish reversal in the confluence-zone, we have to cross above purple EMA and finally to get a middle-term bullishness with ETHEREUM take out the upper red resistance level which already confirmed once to the downside. Alright, friends, this should give you a good overlook of the current situation facing ETHEREUM, remember that each scenario has to be confirmed properly before looking for a pleasant trade-entry. In this manner have a good day and rest of the weekend ;) Feel free to support for more market insight. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets
COINBASE:ETHUSD
by VincePrince
15
Be aware of this hidden Fractal-Similarity between BTC and Gold!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I share with you an amazing observation which I found in the bitcoin and gold chart. As many people know when we talk about digital gold we bring bitcoin in the conversation, similarly to the physical gold the supply is limited and the production is similar, the difference to the physical gold is that the production and supply of bitcoin is 100 % digital. __________________________________________________________________________________________________________________________________________________________________ When I compared the charts to one another I figured out that there is not the only similarity in production and supply but also in the chart picture! Looking at the physical gold chart the overall structure can be divided into four phases. You can see these phases marked in the charts. There is also the big descending wedge in gold which already confirmed the same way in bitcoin. Phase 1: Correction: Gold provided a significant correction from 1900 to 1050 before it formed the ongoing uptrend, this fractal can also be divided into a Wyckoff accumulation phase. When looking at the bitcoin correction phase we see an unbelievable similarity with the physical gold chart, as it formed the exact same correction fractal which can be divided in a Wyckoff Cycle. Phase 2: First Uptrend: The first uptrend in gold is important because it brought gold from 1050 to 1350 in a massive up-trend wave before the consolidation set in, we saw the same dynamic in the bitcoin chart as you can see when looking at my chart. Phase 3: Consolidation before Breakout: When looking at the consolidation phase of gold I saw that there is a significant wedge formation before a massive breakout happened, you can see the breakout marked in the chart with the red Ellipse. Like a correction in bitcoin the next weeks is the most probable scenario we can expect a similar wedge pattern before a breakout. Phase 4: Second Uptrend: The second uptrend with gold is developing right now, this is the point where bitcoin is still in the correction phase, but the setup is highly probable as there are so many similarities in the charts we can expect bitcoin entering the breakout and phase 4 symmetrical to gold. The only difference is that the charts diverge in time. __________________________________________________________________________________________________________________________________________________________________ Soo my friends, this should be a good overall overview of the physical gold and digital gold compared to one another. ;) Please like and follow my work for more market insight. All the best and good trading profits my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
33
My Forecast Played out the Bullish Way and the Flag Confirmed.__________________________________________________________________________________________________________________________________________________________________ Hello my friends! This is a update-analysis on a idea I made november last year! I called that we are trading in a huge bull-flag with two possible outcomes. Now we can see that the bull-flag I observed is playing out the bullish way just right the coming days. Highly recommend that you watch this analysis to have a full overview of the situation: __________________________________________________________________________________________________________________________________________________________________ We are looking at the daily chart and can see that the huge bull-flag I suspected to confirm also in a bearish way is confirming the bullish way now. We made a possible final lower low and otherwise when we can't find bearish signals signaling a fake break-out of the flag or heavy supply we can expect a good growth period with a higher high in the structure. __________________________________________________________________________________________________________________________________________________________________ I expect a consolidation the next days above the last blue trend-line which you can see in my chart before moving steadily higher. This is a middle-term analysis, in the next weeks and month we can expect bitcoin to test the upper resistance levels at 10600 to 11900, for now, I can't say that we are out of the woods for sure but we can expect some bullish movement. A possible target of the bull-flag would be 12700 with more upside potential, we have to watch if this plays out! __________________________________________________________________________________________________________________________________________________________________ Thanks for watching everybody. I hope you found this analysis useful. Feel free to support my work for more market insight. All the best! __________________________________________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDLong
by VincePrince
17
What Can We Expect from Bitcoin in The Upcoming Year 2020?! ______________________________________________________________________________________________________________________________________________________________ Hello my friends, first of all, I want to thank all my followers and supporters for the great participation in my analysis provided 2019. Hopefully, everybody of you had a good good good Christmas time with friends and family and will join the year 2020 with good energy. This is very important! ______________________________________________________________________________________________________________________________________________________________ Today I want to talk about bitcoins price-movement in the upcoming year 2020 and what we can expect from the next 12 months. There is an important long-term formation forming which you can see in my chart that could provide when confirmed a bullish year 2020. When we are looking at my chart we can see a big cup and handle formation forming and which can confirm next year. We can see right now the price is consolidating above several important support bases. 135-EMA: It is a substantially important indicator in the formation right now. As you can see in my analysis the price is trading right above the 135-EMA in purple you can see in my chart. Which first of all is a good sign. It is highly likely that the EMA will hold and confirm as support. 200-EMA: When the 135-EMA cant hold there is an important other EMA that can confirm future support. The 200-EMA is marked in orange as you can see in my chart. Cup and Handle Pattern: There is a huge massive cup and handle formation forming which confirms when the pink box which you see in my chart is touched. The target in my chart will be valid when the cup and handle formation confirmed. The minimum target of such a formation is the lower and higher point of the cup You can see all the important indicators described in the legend which I provided in the chart. There is also the 23.6 & Fibonacci retracement in which we are trading right now. Also what is significant to look at are the blue speed support lines which indicate a stable up-trend in the long run. You can see the lines marked in my chart in light blue trend-lines. These lines marking an uptrend and are drawn from the lows of several key levels which confirmed as support in the past. When a line of these speed lines are broken this could indicate a change in price direction so when considering a possible bearish reversal we have to watch out for these levels to confirm. ______________________________________________________________________________________________________________________________________________________________ This analysis is used to describe the price-direction of a full year from beginning 2020 to the end of 2021. It shows the highly likely scenario of price movement the next year. Hopefully everybody enjoyed, may you have a great time and good start in the next year my friends ;) Feel free to support for more market insight. ______________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
36
BTCUSD - Is BITCOIN trading in a real bull-flag or a fake one?!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community. There are some interesting things going on with BTCUSD which I discuss with you today. As it fell below support the last days and seems to recover we have to look on the chart for further details in the analysis which will determine bitcoins future price action. Lets go! __________________________________________________________________________________________________________________________________________________________________ In my chart, you can see that BTCUSD is trading on a huge parallel channel. Which is technically and theoretically a bull-flag. A pattern that normally breaks to the up-side. However, this can also be a fake one, a channel that can break to the downside, you can see these types of channels in smaller time-frames. The pattern has to be confirmed with a break-out to the upside to make sure that it is a real bull-flag. __________________________________________________________________________________________________________________________________________________________________ As BTCUSD is trading below support now I expect a rally to the 8000 USD range, where we will likely get a pull-back as you can see marked in my chart. Technically these types of the pattern break to the up-side, however, this would be the best scenario for many people, there is also a scenario for more downside as BTCUSD is trading at the moment right now below support and made some bearish moves the last weeks this can continue with BTC rising and falling back again. As you can see it happened after this massive bull move with high volume and momentum, it can continue like that. __________________________________________________________________________________________________________________________________________________________________ For now, we have to see for more bullish or bearish signs the next days and weeks, I consider the bullish scenario more likely with a 70 % probability and the bearish 30 %. I know that many people want to believe in the bull market continuation but we have to watch rationally and logically for technical signs to confirm this scenario. __________________________________________________________________________________________________________________________________________________________________ have a good day and good trading profit! Thanks for watching! For more market insight feel free to follow! ;) Information provided is only educational and should not be used to take action in the markets! __________________________________________________________________________________________________________________________________________________________________
COINBASE:BTCUSD
by VincePrince
17
LTCUSD - Fractals Dont Lying?! This Next Move Can Be PossibleHello traders investors and community, I detected an interesting set-up with LTCUSD which I share with you today. As you can see LTCUSD is trading in a downtrend channel with several bear-moves in the last time. Bulls are weak at this time which can change in the future but for now, bears have control over the overall structure. In my chart, you can see that LTCUSD made two triangles which broke to the downside and made sharp bear-moves. After this LTCUSD made a bear-flag which broke also to the downside. We are trading in a second possible bear-flag, the possibility for a break to the upside is given which is not very likely, most often those patterns break in the direction which price came from. When we confirm this second bear-flag and move down the target which you see in my chart marked with the blue box is intact. We have strong support in this area which can lead to a move to the upside. This formation can be traded either conservative or aggressive. The conservative approach would be when the bear-flag is confirmed, an aggressive entry would be immediate. I wouldn´t recommend the aggressive approach here because a small possibility is there for a break in the wrong direction. Always good to wait on confirmation. The information provided is only educational and should not be used to take action in markets. Feel free to comment with your opinion and support. For more market insight follow. May all luck and happiness come to you ;)
BITFINEX:LTCUSDShort
by VincePrince
17
BTCUSD - Important scenario on middle-long term to watch!___________________________________________________________________________________________________________________________________________________________________ Hello, as many people giving advise when to buy bitcoin and how much can it fall before backing up there is an important scenario to watch when considering the bullish scenario. Do you really think bitcoin will back up again when falling to 4000-5000 USD?! There is not much volume in the market, a fall to 4000-5000 USD would confirm several bearish indicators and the probability of a possible bull-market continuation will fall. ___________________________________________________________________________________________________________________________________________________________________ As you can see in my chart there is an important indicator showing us when a confirmed bull and bear market is in play. It is the Thunder Cloud Suite. It confirms bull and bear markets. Also in bitcoins bull-markets the weekly close was never below the lower band of the Thunder Cloud Suite. It indicated exactly the market change with a close below the lower band in april 2014 and march 2018. ___________________________________________________________________________________________________________________________________________________________________ What is also really important and worth to look at is the major blue trend-line which you see in my chart holding bitcoin all the way up, what do you think will happen when bitcoin trades below this major blue trend-line? Right another bearish indicator confirms! There is the 50-EMA which also hold the bull-markets in the past and confirmed more downside when broke down. ___________________________________________________________________________________________________________________________________________________________________ For now we have to watch if bitcoin succedes in holding the range or if it falls more. Falling more can also happen slowly with touching support backing up and falling again as seen in the bear-market after 2017. Considering the bullish scenario the volume for an continuation is very important. ___________________________________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ___________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
21
EOSUSD - Target reached and profit taken! What comes next?!_______________________________________________________________________________________________________________________________________ Hello traders investors and community. This is an update analysis on my recent SHORT analysis about EOSUSD. The pattern we see here looks pretty similar to the one i detected with LTCUSD, when you didnt seen it yet you can look on my profile. _______________________________________________________________________________________________________________________________________ EOSUSD reached my target which you can see in the chart marked with the red dashed trendline, this was my minimum target for the SHORT trade! Everybody who traded this should be happy now, i already took profit! _______________________________________________________________________________________________________________________________________ Now the market sentiment has changed! We are facing a possible reversal to the upside with EOSUSD here, as you can see it is trading between the 3.5 and 4.26 range. The recent support at 4.26 is now resistance. _______________________________________________________________________________________________________________________________________ Now i am looking on two possible scenarios, the first scenario is an correction to the 3.7 range as marked in my chart, the second scenario would be a break-out to the upside above the 4.26 range, this would be the point where many traders would set there LONG positions and stop out SHORTS. When we break to the upside without correction in the actual range EOSUSD will confirm the 4.26 (red dashed trendline) after the break-out. _______________________________________________________________________________________________________________________________________ The RSI shows a oversold condition which you can see with the green rectangle in my chart, also we see a possible EMA crossover happening the next time! These are two indicators which confirming an reversal at the moment. _______________________________________________________________________________________________________________________________________ All signs seen in my chart and analysis seem positive for an reversal to the upside, but we have to wait on confirmation and dont rush emotionally in a trade! Either confirmation will happen with a correction in the range or a break-out to the upside, these scenarios will be good opportunitys to trade EOSUSD on the LONG side. Possible targets after a confirmation would be the blue trend-line. Otherwise when we can not hold the range between 3.5 and 4.26 there is a high probabilty that it will fall more. _______________________________________________________________________________________________________________________________________ Okay i hope you enjoyed this analysis! All information is only for educational purpose and should not be used to take action in the markets! May all happiness and luck come to you folks! See you soon! _______________________________________________________________________________________________________________________________________
KRAKEN:EOSUSDLong
by VincePrince
12