USDCAd ThesisThis is how i'm currently looking at the usdcad pair. Market broke trendline after failing to brake resistance and make new high. I'm now waiting for a bearish set up as confirmation to go short.
Forexmarket
USD/CHF potential reversal - Forex.DocUSD/CHF 🇺🇸/🇨🇭
Price broke 0.93200 zone and our bearish trendline so I expect to see bullish move.
GBPAUD possible short for 1.758017th October daily key reversal bar made a new high closed off the low. 18th October daily insurance bar indication for further weakness ahead. 31st October again formed daily key reversal bar made a new high closed on the low. 1.8055-8130 supply zone for short, stop loss: 1.9160, Initial target 1.7830, & 1.7750, longer term bearish target 1.7570.
EURGBP RESULTThis played out as we hoped, however we were stopped out before the drop. Perhaps we could have risk more? We move!
EURUSD Forecast: Swing Trade IdeaHey trader.
As you can see the price is currently running in the double tops L1 and below the 50 and bearish crossed short-term MAs.
It is preparing to drop for the patterns L2 and L3 together for the 200 MA (that's visible on the MT4 chart). But the price will confirm that once it has bullishly spiked the Mini Daily H&S Neckline with a bearish candle close below the key level, 50 and 8 MAs (again). That will confirm both trade's biases.
However, if the price rallies to break and retest the 1st 4H Key Lvl and 21 MA, that will reject these trade ideas. With that in mind, DO NOT TAKE THE TRADES, because this isn't financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I don't mind you doing that - I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you have questions or would like to see more content like this one, check the listed articles below then hit the like button and drop your question. ;)
Trade Safe,
Sphatrades.
it's time to going up for CHFEUR before buying, please check for being sure about your opinion about SWISS FRANK EURO pair !!!
(in every target you want closed the position but our target is the third one)
be rich...
and
doing and living in the best quality *-*
(Guy's the entry place is importance things in enter in a position)
GBPCHF THESIsWhat’s your thought on this pair? This is how we’re currently looking at this. Waiting for a breakout and candle to close above our line before going long.
GBPUSD Forecast: Positive Correlation On G.U, E.U, and A.UHey trader,
As you can see, the price is bullish running in the mini head and shoulders L1 and above the 50 MA, and bullish crossed short-term MAs.
The pattern expects a 2-level uptrend, and the MAs are looking forward to retesting the 200 MA (that's visible on the MT4 chart). This bias has been fully confirmed by the bullish break and retest of the Mini Weekly Neckline, 50 and 8 MAs made by yesterday's candle. We'll get the second confirmation once the price has bullishly broken and retested the 1st Daily Key Lvl. If that happens, we'll be on a swing trade.
But we might be kicked out of it. The price may dramatically bearish break, close, and retest the Mini Weekly Neckline together with the 50 and 8 MAs, before triggering the 2nd trade. Which this will result in a loss, but only if we took the trade.
Oww, about that, do not take the trades because this is not financial advice. I'm just sharing my point of view which you also can do in the comments section below. If you do take the trades and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you want to see trade ideas that relate to this one (i.e. E.U and A.U), check the linked articles below.
Trade Safe & Stay Blessed,
Sphatrades.
EURUSD Forecast: Price Is Rallying To 1.04389Hey trade,
As you can see the price is currently running in the half a bat patterns L2. Above the 50 and bullish crossed short-term MA's. Preparing to rally for the patterns L3 together for the 200 MA (that's visible on the MT4 chart). This has been confirmed by the bullish break, close, and retest made above the Mini Weekly Neckline, 50 and 8 MAs. But, the price could reject the signal, then drop instead.
That will be confirmed once the price has bearishly broke and retested the Monthly Neckline 1 together with the 50 and 21 MAs. With that in mind, do not take the trades, because this is not financial advice. It's just my point of view.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below.
But if you want to see more similar articles, check the listed ones below, then hit the follow button to be the first to be updated with new trade ideas and mindset tips!
Trade Safe and Stay Blessed Baby,
Sphatrades.
GBPAUDThis is a trade i took this week on GBPAUD; a simple trendline, break, correction and break strategy within support and resistance zones. This is one of my favourite way of trading. What's your favourite strategy?
EURGBP possible short for longer termEURGBP forming lower high and lower low after peak formation. each high is lower than previous one. more probable chances for new lower high at approximately 0.8740. need to hold for lower high and lower low formation. short term target for short 0.8630, 0.8590 while 0.8470 longer term bearish target.
I Thought That Will Happen, But This Happened :-( Hey trader, I hope you're having a profitable week!
I thought that the price was ready to rally for the rest of the year, but I was wrong. The monthly and weekly timeframes weren't fully ready, especially the weekly timeframe. It only gave me a market-maker pattern signal and not the short-term MAs one. A retest with a bullish reversal candle close is expected on the 8 MA to fully confirm the MAs signal and rally. I think that's why the price decided to start forming a bearish reversal candle pattern, which is rejecting the buy trade I had taken last week. Aside from what's happening in the weekly, the monthly timeframe signal is still intact. Everything is aligned according to the strategy rules. So we'll likely see the price rally as anticipated after the weekly counter-trend.
The weekly counter-trend is triggering a swing signal that we can likely profit from. The price is in a bearish reversal candle formation on the weekly timeframe. The price is running below the newly formed bearish half-a-bat pattern (which confirms the weekly's bearish reversal candle pattern) that's running below its neckline and in between the short-term MA's in the daily timeframe. The price is bearish running in the mini half a bat L2 as well as below the 50 and bearish crossed short-term MA's in the 4 Hour (current) timeframe. All 3 timeframes are telling each other to drop for the weekly 8 MA retest. But, they haven't fully confirmed that bias and it can be rejected.
Monthly Chart:
Weekly Chart:
Daily Chart:
With that in mind, do not take the trade because this isn't financial advice. I'm just sharing my views. If you take the trade and lose money, do not blame me but yourself!
That's it for today. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts. Or, if you want to see ideas that link to this one, simply click the ones that are embedded in the Link to Related Ideas tab.
Stay Blessed Baby,
Sphatrades.
3...2...1...GO!Hey trader, I hope you're having a profitable week!
As you can see the price is currently running in the mini head and shoulder patterns L1 and above the 50 and 8 MA. The pattern expects an uptrend for the L2 and L3 formations. We'll get our signal (that will lead to the rally) after the price has closed with a bullish candle above the Mini Weekly Neckline/2nd Daily Key Lvl, 50 and 8 MAs. But if it decides to bearish break and closes below the Monthly Neckline 4 and 21 MA, our bias will be rejected. With that in mind, do not take the trade because this isn't financial advice, I'm just expressing my thoughts about the current market condition. If you decide to take the trade and lose, don't blame me but yourself.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts. Or, if you want to see more ideas that relate to this one, simply click on the articles listed below. (specifically the recent articles on BTCUSD and EURUSD; they are behaving like this currency pair).
Stay Blessed Baby,
Sphatrades.
What A Promising Start To NovemberHey trade, I hope you're having a profitable week!
As you can see the price is currently bullish running in the half-a-bat patterns L2 and above the 50 and 8 MA. It is preparing to trigger a trend-continuation signal that will lead the patterns price to reach its L3. We'll get that confirmation once the price has closed with a bullish candle. But if it decided to re-bearish break and close below the Monthly Neckline 1 and 21 MA, our bias will be rejected. With that in mind, do not take the trade because this isn't financial advice. I'm just sharing my ideas with you, and you can do the same by commenting below.
That's it for today. I hope you found value in this article. If you have a different concept in mind, don't hesitate to share it in the comments, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Quick Trade EURGBP 30PIPS WinQuick High Probability Long Trade on EURGBP FX
Long Entry after trendline breakout.
TP previous resistance
SP: Previous swing low (tight stop loss)
Forex Trading by David van Delden
AUDNZD Eve Bottom possilbe long for 1.118021st October daily inside bar range confined within the previous bar range. 24th October daily key reversal bar made a new low closed off the high. Demand zone for long 1.1070-50, stop loss: 1.1010, target : 1.1180
USDCHF ThesisThis is my view on the USDCHF pair. Price broke out of the wedge, will move down to the 1H timeframe to look for a bearing set up.
GBP/JPY support reaction - Forex.DocPrice broke previous support zone and went down to test 165.500. We can see bullish reaction and it is likely to continue and possibly test 167.700 zone again.
GBP/AUD breakout - Forex.DocPrice formed lower lows and lower highs. It broke 1.7700 zone and bears are in the control, so it is likely to see bearish move.
EURUSD Forecast: 2-3 Month Consolidation Coming UpHey trade, I hope you're having a profitable week ;)
As you can see the price has been in a downtrend from June 2021. It formed an H&S pattern that was followed by a 3-level drop. The last level will be confirmed by either this months or the following months bullish reversal candle pattern close around where the price is at. That reversal candle will start a bullish reversal pattern. It could be a double bottom, half a bat pattern, or a head and shoulder pattern. Usually when one of those patterns form at a support level, a bullish uptrend occurs. Therefore, we can expect the price to rally to the 5th Monthly Key Lvl and 8 MA. But that might not happen; the price might drop further down if it forms a bearish reversal pattern after the bullish reversal pattern. That bearish pattern must bounce off the 8 MA though. To confirm the the short-term MA's trend-continuation. So for now we could sit back wait to take a position trade or take day and short-term swing trades on the lower timeframes.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
XAU/USD Confluence - Forex.DocPrice retested our support zone and bearish trendline (confluence zone). Bearish pressure occurred and I expect to see move down.
AUDJPY THESISPrice bounce from the support zone and this is how I’m looking at AUDJPY pair. Waiting for a breakout to take this trade. What’s your thought on this pair ?
