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EUR/AUD DOUBLE BOTTOMA possible EUR/AUD Double bottom pattern spotted on weekly. what is a double bottom? A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may become a new uptrend). The double bottom looks like the letter "W." The twice-touched low is now considered a significant support level. While those two lows hold, the upside has new potential.(investopedia)
Long
by lvooldemort
2
GoldViewFX - END OF WEEK UPDATEHey Everyone, Quick closing post for the week. We had a TARGET at 1761 yesterday, which was HIT during the Tokyo session. However, EMA5 failed to cross 1758, which followed with a rejection, as stated yesterday a failure to cross and lock 1758 will follow with this rejection. However, we remained Bullish from Dips and strategically took buys from the drop using our Intraday levels and MA touches and finally rode the move up again. We will now come back Sunday with our full multi timeframe analysis for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
GBPNZD: A Complex Scenario AheadGBPNZD: A Complex Scenario Ahead After the price broke down from the previous Head & SHoulder pattern we can see that it didn't move down further. Price is moving within a large corrective pattern during all the month of November. I am expecting the price to test 1.9500 before it moves down again. However we have to collect data near 1.9500 before we jump into this sell opportunity. Targets: 🎯 1.9345 🎯 1.9245 🎯1.91300 Thank you and Good LucK!
Short
by KlejdiCuni
22
CRYPTO BTC 1:8 RR Trade (2.60%)Another beautiful day for the bitcoin market. We got ourselves loaded in this beautiful trade on bitcoin at 16379. Recently Bitcoin market has taken bearish BOS on the daily timeframe. As a result after taking external structure liquidity on daily market may wanna retrace back to grab the minor structure liquidity that has been marked on the chart. So for that time being we can take long trade if the setup permits. And that is what we expected. M15 Structure was bullish and our aim was to get in the trade. Market took the first pullback, inducing short sellers to generate liquidity for the market makers. Price grabbed all the liquidity in the M15 fractal leg and tapped on the extreme Orderblock. Entry was made after confirmation with target being M15 major structure high and SL below sweep. Now this trade is at BE. Fingers Crossed :D Happy Trading! -Team Lamda
COINBASE:BTCUSDLong
by lamdatrading
1
CADJPY: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since a while, this market has been moving and rising up inside a big corrective structure, but enable to break the high of September, it gave us a clue of losing of momentum, confirmed in lower time frame by the formation of an expanding structure broke to the downside. The impulsive phase looks started already, breaking the main HTF corrective structure and currently consolidating, eventually for the next impulsive phase. When, where and why would we step into the market? The general bias for JPY pairs, is still quite bearish according with our view, then we will be looking only for short positions. The market reached the bottom of the structure and if the further breakout and continuation will be confirmed, we will definitely enter CADJPY, targeting the next level at about 102.500. However, we don’t exclude the possibility of reverse, so with no confirmation, no entry.
Just another little tips, CAD news on the calendar, so be carefully If you are entering this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
24
USDCAD: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCAD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In higher time frame the market reached and interesting level, double topping and reversing, forming a potential head and shoulders. The market then proceeded breaking the neckline and starting dropping down, confirming the beginning of the impulsive phase. In lower time frame, since the half of November, the market has been consolidating creating a potential corrective structure, with a good possibility to continue its previous downtrend, targeting at least the bottom of the LTF structure. When, where and why would we step into the market? Considering the overall bearish momentum, we will be looking to short this market in the scenario it will breakout the structure to the downside, correcting for a further down move. However, no trade is guaranteed and the market could proceed to the upside invalidating out trade setup, forming eventually a deeper structure or a reversal pattern. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
15
GBPCHF: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: The market is still correcting below the HTF double top, and looks like forming a M pattern as a continuation of its previous bearish movement after it broke the rising wedge at the beginning of November. Considering the sharp movement started from the current level, the possibility to get seller pressure is high and we would be looking for a short entry, targeting its previous swing low, at about 1.10500. When, where and why would we step into the market? The overall momentum is still bearish, and we don’t see at the moment any sign of reversal, yet. However, the market is still correcting and it has just left the frontside market movement. In the scenario of breakout and further correction, we will definitely try to take advantage of it, entering short if the RR will be 1:3 or greater. With no breakout and bullish continuation, no action will be taken. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
17
AUDUSD: BULLISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the AUDUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In high time frame, the market has been moving since a while inside a big corrective structure, forming many patterns within patterns. At the end of October, it broke the LTF descending channel, pumping up with a strong impulsive upward move. The price is currently at the top of the HTF structure, correcting, most probably to prepare for the next further bullish movement. When, where and why would we step into the market? Considering the overall still bullish momentum, we will be looking to enter long if we get the right confirmation, a breakout of the LTF flag with a further correction will be enough to enter this market, targeting the next swing high at about 0.69000. However, the correction could spend more time before be completed, so without a clear breakout, no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
11
💵Australian Dollar/Swiss Franc💵 Analyze(Short term,11/18/2022)It seems The Australian Dollar/Swiss Franc is making a Symmetrical triangle near the heavy resistance zone. When I saw the Bearish Engulfing Candlestick pattern on the upper line of the symmetrical triangle, I am expecting the Australian Dollar/Swiss Franc will go down at least to lower line of triangle. 🔅Australian Dollar/ Swiss Franc ( AUDCHF ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Short
by pejman_zwin