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GBPUSD - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. GBPUSD is overall bearish trading inside the brown trendlines. Moreover, the zone 1.36-1.365 is a strong support turned into a resistance. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As GBPUSD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
15
BTC Bear Flag - Continuation DownBTC is still in a strong downtrend, with the most recent attempt at a reversal failing to gain steam. Price has created a small parallel channel up off the lows - a textbook Bearish Flag pattern. Expect the see a break below the lower boundary of this channel for a bearish continuation. A break below the swing low would be confirmation of continuation of the downtrend. Still aiming for the big psychological level of 30k mentioned in previous ideas in the charts below - in a downtrend like this, these big round numbers tend to act like magnets. Remaining patient.
BINANCE:BTCUSD.PShort
by HayeTrading
27
EURUSD - STILL bearish My last 2 ideas on EURUSD have been bearish, and while the structure of the bearish continuation pattern continues to shift, my sentiment remains. We are still in a larger downtrend, price is struggling to gain traction to the upside, the recent strength that many were touting as the breakout indicating the start of a bullish trend has floundered. Price has returned to what is, in my eyes, the lower channel boundary of a bear flag. At this point though I need to see not just a break below this boundary but a break below the late November low - that is the point at which I will feel confident that price will have broken it's ranging/consolidation period and is set to continue the trend down. As it stands, while my directional bias remains, I don't want to underestimate how long this ranging period could last. Remember, you can be right about the direction, but if your timing is wrong then the trade is wrong. My posts are largely ideas, the concepts behind trades. If I'm making a trade, it will contain the Stop Loss and Take Profit levels on the chart.
Short
by HayeTrading
34
Did you capitalize the USD ? More Opportunities to comeHello traders: I have been discussing and sharing all the USD forecasts and analysis for the past few weeks with the bias of strength in them. WE are now seeing most of the USD pairs doing exactly that, and many got in on the impulse phase of the market condition from my community. I will be going over all the major USD pairs from a technical, price action point of view. Specifically from the higher time frames, down to the lower time frames, multi-time frame analysis. Let's take a detail look into some them that looks the cleanest: DXY - Originally Forecast/Analysis: AUDUSD - Originally Forecast/Analysis: NZDUSD - Originally Forecast/Analysis: EURUSD -https://www.tradingview.com/x/LYWYGZRY/ Originally Forecast/Analysis: GBPUSD - Originally Forecast/Analysis: USDZAR - Originally Forecast/Analysis: Thank you Jojo DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information. -There are many scammers & fakers impersonating me, my channels/platforms to scam people. Be very careful as I will NEVER private/direct message you first to sell you anything, nor ask you for money. Be alert of fake and scam channels/groups/platforms using my channel name and group name to show unrealistic results and profits to sell you scams.
by jojofang0901
18
AUDCAD pullback before continuationAUDCAD has seen a significant decline since meeting the upper trendline resistance, as predicted in the previous idea shown below. Price has seen a pullback to an area of previous support but in my opinion we are still in a bearish wave and this small correction is an opportunity to get in before the wave continues down. We are already seeing rejection from this area, this is an opportunity to look for price action signals for a short position. On the chart is a conservative target but with a stop loss above this area of previous resistance around the 0.91600 mark, this would still represent approx 1.5 R trade. NOT financial advice, make your own trading decisions.
Short
by HayeTrading
30
Bat Complete 🦇USOIL - USOIL has broken above the .886 on the monthly downtrend pullback is and is currently sitting in a very strong PRZ, however price could easily break above the weekly high/monthly high and close below it (Price is in an excellent location to look for swings and ride with a potential monthly continuation, however make sure you wait for proper confirmation (HTF reversal pattern etc) before entering, (Weeks and months are a long time and price can move a LOT in these Timeframes especially with Indices! OR you can use this Bias for your LTF trading! Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
FX:USOILSPOTShort
by benalistarfx
EURUSD Analysis -Wait for Re-test! LONGWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
4
EURUSD Non Farm Payroll Catalyst?Non-Farm Payroll numbers are due today, after a strong decline EURUSD has settled into a consolidation/bear flag formation. I've been watching for a breakout of this range for a while now and while the structure of the flag has changed, the overarching idea is the same - looking for a break below the range to continue the larger trend. Non-Farm Payroll tends to bring with it spikes of volatility and can often be the catalyst to begin a new trend or new leg of a trend, which is what we're watching out for today.
Short
by HayeTrading
25
Signs of strength... Continuation?Checking in on LUNABTC. After the Bearish Divergence, price appears to have taken the more bullish consolidation path and is approaching Channel Support. There's no buy signal for me on the Daily chart, however, the 4-hour suggests a possible entry here. If you're holding LUNA, there's good reason to expect more upside as we might be starting a Wave 5. If you're looking for LUNA exposure, a *small* position here seems like a good gamble, however, these aren't the kinds of calls I like to make with the way I trade. Good luck. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
LLong
by mercury_rising
AUDCAD - A pitstop before further fall? In our previous idea we predicted a drop after bouncing off the upper channel line, which we've seen the beginnings of. AUDCAD still appears bearish, but we are entering a Demand Zone that could create a bounce or choppiness, which might give those who didn't get short the chance to do so at a better price, if they also believe that price is likely to head toward the bottom of the channel, in line with the overall bearish trend on the higher timeframes. Those already short may choose to take some profit off the table to reduce risk, with a plan to re-enter at a better price.
Short
by HayeTrading
22
LUNA into orbit?LUNABTC has been on a rocket path in the last month, offering a clear Elliot Wave structure and we appear to be entering a 5th Wave. LUNAUSDT has been on a similar path but has been subject to the overall downside volatility of the wider crypto market, while LUNABTC has seen a smoother path up. The more conservative option could be to wait for a break of the previous high for confirmation, but the Risk/Reward payoff could be high for a long entry now with a stoploss below the bottom of the pullback. The alternative view would be a potential lower high here if buyers run out of steam before the breakout, which why waiting for a break of the high would be a safer entry point for longs.
LLong
by HayeTrading
2
AVAX/USDT Consolidation -> Trend Continuation [Inverted Chart]Note: I avoid directional terms like "downside" or "upside" and instead use terms like "price growth", "trend continuation", "price decay" to avoid confusion when referencing the inverted chart. "Support" still means supportive of price growth and "resistance" still means resistance against price growth. Running through a scenario with the inverted AVAX/USDT chart with new ATHs in a trend continuation as the eventual conclusion. Local structure supports trend continuation, within the context of an ongoing consolidation. This is one of many potential consolidation patterns, why did I scenario cast this and not a wedge or something of that sort? Markets tend to pick patterns they "like" and repeat them over and over (fractals). The previous consolidation from Sept-Oct 2021 formed something of a pennant, thus I outline how a similar scenario could play out within the bounds of the downward slide we have been in since August. Note the VBP zones formed since we began forming the recent consolidation: 86-93 (surrounding .786 fib), 104-110 (between .618 and .50 fibs), 114-120 (surrounding .382 fib). How could this go wrong? If price action were to decay to the point where it broke out of the slide and the 86-93 volume zone became resistance rather than support, that would be a signal of trend decay. Coupled with technical structure and BTC price action at that point, a breakdown of current trend structure signals a much more prolonged consolidation to come (and potentially, bear market).
Long
by Derivati-Capital
EURGBP UPDATE - GOING DOWN FURTHER?See my previous idea on EURGBP, where we predicted the bounce up and huge drop almost perfectly, as we initially bounced off support and then retested with a strong break to the downside and continuation of the larger timeframe downtrend, testing the October lows. In the initial idea we mentioned continuing down to test the November lows next. I do believe this is still the case. Price has jumped off this support area twice now on the 2H charts, showing buyers are jumping in and confirming this as an area of demand. This could lead to choppiness in this area, but the overall trend is certainly bearish. I've also mentioned elsewhere the possibility of further COVID restrictions in England which seem inevitable and imminent - it's highly likely that Boris Johnson will announce new restrictions this week before the Christmas break ends. See my post tracking the GBP reactions to COVID restrictions to see that I am bullish GBP in the event of further restrictions, and while such an announcement may bring with it volatility I do believe it will drive EURGBP to those November lows and beyond. This is NOT financial advice. Do your own research and treat your capital responsibly. Like and comment, I'm happy to discuss further 👌
Short
by HayeTrading
2
BTC analysis - bearish continuation?Since reaching it's All Time High in November, Bitcoin has seen a descending channel, followed by a small descending triangle. A descending triangle during a larger downtrend is considered a continuation pattern, but can of course break out both sides, usually with a volatile move. We saw a move to the upside to break both the triangle and the descending channel, but found a strong supply zone above 51k. After multiple attempts to break through the price failed to overcome the supply zone and has come crashing back down, close to the bottom of our previously established triangle. I would suggest that the continuation of the bearish trend is still a high probability event, breaking below our lower triangle boundary to test the support in the 40-42k range. We could see some more bouncing around within the current range of 45.5 - 52k - ultimately a break below or above should give indication of the direction we will travel next - but when in doubt, follow the trend and expect Bitcoin to find an easier path down than up for the time being. This is not financial advice, you are responsible for your own trading decisions. ** LIKE AND FOLLOW IF YOU ENJOY THIS IDEA ** I'll be waiting in the comments below if you have any comments or question.
BINANCE:BTCUSD.PShort
by HayeTrading
8
EURUSD still failing at Supply ZoneEURUSD is still failing to break through the supply zone . Price had formed a textbook bearish pennant before attempting a breakout and being pushed back into the pennant after meeting strong resistance at the Supply Zone . This is still a strongly bearish continuation pattern, and the push back up to the Supply Zone has offered us a fantastic risk/reward short possibility, as a break below the pennant and a further break of the 1.118 level would be already be close to a 3 R trade, and then it could really run. This is NOT financial advice. You are responsible for your own trading decisions. ** Please like and follow if you agree ** Any comments or questions I'll be waiting in the comments 👍
Short
by HayeTrading
4