EUR/USD:UPDATE | PRICE IS FALLING 0.99500 TARGET SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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Downtrend
AUD-USD Will Keep Falling! Sell!
Hello,Traders!
AUD-USD is trading in a downtrend
And the pair broke another key level
So we are bearish biased
And I think that we will see
Bearish continuation after the pullback and retest
Sell!
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GBP/CHF:DOWNTREND | SWING TRADING | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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NZD/USD:UPDATE| FLAG PATTERN | PRICE IS FALLIN...Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GBP/USD:DOWNTREND | PRICE ACTION | BEARISH PATTERN | SHORT🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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AUD/USD:DOWNTREND | BEARISH PATTERN IN CHANNEL | SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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ANZ.ASX - FUNCHARTS - Countertrend Trading with a Trend FilterNote: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome.
ANZ, one of the big four banks listed on the Australian Stock Exchange is a pretty tricky stock to trade, conforming more to a six month cycle between dividend and earnings dates. However from a purely technical standpoint, on a medium term basis there are opportunities to trade in line with a longer term trend, and on a short term basis to enter the stock on very short term pull backs.
In this analysis we looked at the Supertrend Strategy using a 50 period length with a 6xATR Factor to capture longer term trends and then looked at buying short term dips and selling short term rallies.
In the longer term timeframe this worked quite well with ANZ making good money based on the Performance Summary but entries and exits are few and far between with this approach. Bringing the time frame back to a swing trading standpoint, the best results came from using the Supertrend STRATEGY in a countertrend way, buying dips and selling rallies using just a 3 period ATR Length with a 1 period factor, giving plenty of trades. Filtering the short term system with the longer term trend also resulted in more frequent winning trades so trading countertrend in the very short term with a longer term trend filter worked nicely.
The catch is when you get a longer term trend change without a resulting rally to exit on the countertrend system, which can at times result in very large losses, like during Covid. It is for this reason a stop loss should be set, even when trading countertrend to prevent large losses on a stock that does often trend. Using the blue trailing stop line is a common sense area to position a stop loss as insurance against a big fall.
BTC IS STILL BEARISH FROM A TECHNICAL PERSPECTIVEDear Traders,
I see BTC going down the more but I am personally going to be very conservative with my sell entries as I still se a lot of imbalance in the market on the daily.
Possible evening Star Candle pattern on Daily Time Frame. Any closure below $18,945 would be the final confirmation for me that BTC will go down to between 13k and 14k in the first instance and we might see 10k soon.
However, I still see the possibility of a retest of of between $25,000 to $29,000 zone as described by my chart.
I need to see a closure below $18,945 to confirm a bearish continuation to 13k-14 zone.
However, I feel BTC is set for another close to 5k PIPs with the candlestick pattern I am seeing on the daily.
Trade carefully and apply proper risk management
GBPUSD I WATCH this level for short set up!Welcome back! Here's an analysis of this pair!
**GBPUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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✅BITCOIN SWING SHORT🔥
✅BITCOIN is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below
SHORT🔥
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✅AUD_CAD NEXT MOVE|SHORT🔥
✅AUD_CAD will be retesting a resistance level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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Nice rally for BitcoinHello Friends!
Bitcoin had a nice rally out of this wedge pattern. Now it’s come to a strong resistance (green line). This resistance has been strong since April 2022. Strong break above .382 ($23,045) can potentially target $25,400. Break below .236 ($21083) might open the door to $20,500 or below.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
GBP/JPY:DOWNTREND | NEW SWING OPPORTUNITY | SHORT ⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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