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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.
Short
by Doji-2k1
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.
Long
by Doji-2k1
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.
Long
by Doji-2k1
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.
Short
by Doji-2k1
2
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.
Long
by Doji-2k1
1
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.
Long
by Doji-2k1
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.
by Doji-2k1
1
I Am About To Make Your Day...(I think)Hey trader, I hope you're having a profitable week. ;) If not, maybe you'll have one with this trade. But before taking it, let me explain how it will unfold. The price will prepare to drop for the take profit point after it has formed a bearish reversal pattern that guides the price to break and retests its neckline and 8 MA. That's it. Simple, right? Wrong. Because the daily and 4 Hour timeframes had to behave in a certain way before deciding to look for an entry signal on the 1 hour timeframe. Our entry signal can be rejected before or after taking the trade. That will happen if the price bullish breaks and closes above our stop loss key level. With that said, take the trade at your own risk. I'm just sharing my trading journey in this platform. I'm not a financial advisor nor a signal provider. That's for today. I hope you found value in this trade idea. 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.
Short
by Doji-2k1
4
EURUSD Forecast: Price is reversing after the long dropHey trader, I hope you're having a profitable week! As you can see, the price is in a bullish uptrend that's trying to form the double bottoms 2nd leg. This reversal pattern usually triggers a 3-level uptrend. In this case, it will do so once the price has bullish broke and retested the patterns neckline (Mini Weekly Neckline) together with the 50 and bullish crossed short-term MA's. If that happens, the drop we've been seeing on the weekly and monthly timeframes will start to be recovered. But that might not happen. If the price bounces off the patterns neckline and 50 MA with a bearish reversal pattern that leads its price to bearish break and retest the bearish crossed short-term MA's, a downtrend will occur. 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, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
by Doji-2k1