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STXUSDT.P Long TradeSTXUSDT.P might go up but and reject around 0.9656 on the 4H chart. Harmonic Pattern Indicator on the 4H is suggesting that their might be a potential dolphin pattern that might hit the order block around the 1.000 mark. Although their is an ongoing G pattern in effect on the 4H chart, I think this might not push thru as the price has already rejected at 0.6763 and is looking to go up. On the 1H chart a Bullish Dolphin might happen at 0.7825 which will be my entry point for a long position. So, the bullish dolphin on the 1H complements my plan on the 4H chart wherein it might go up to the 1.00 mark Possible Entry : 0.7825 SL: 0.7562 TP: 0.9619 R/R: 6.82
Long
by francisanity
1
SELL BEARISH CRAB ON NZDUSD 15MinNZD/USD has formed a bearish crab pattern on the 1h chart, providing a trading opportunity with a 1:4 risk to reward. The measurements for a valid crab pattern are detailed below. XA Retracement: 0.382 - 0.618 AB Retracement: 0.382 - 0.886 BC Projection of D leg: 2.618 - 3.618 XA Retracement of D: 1.618 Confluence: We can see an Elliot wave completion on H1, ABC reversal is anticipated on the 5th impulse wave. All 3 measurements form within close proximity in the potential reversal zone. as you can see, the shooting star reversal candle formed on 15Min TF confirmed the PRZ. The price has already been pushed lower to confirm the 3.14 measurement, and as such entry is feasible. Have a good week everyone!
Short
by TheGreatCapital
GBPUSD - 1 HOUR - POTENTIAL BULLISH BAT PATTERNLots of movement on a Monday & the results are a few retracements that have led to a couple advanced pattern formations. Here on the FX:GBPUSD we have a potential bullish bat pattern that also can be looked at as an entry into a higher timeframe bullish continuation trade as well. If you have any questions about anything discussed in the video please let me know in the comments section below or shoot me a private message. Your Trading Coach - Akil
Long
by Akil_Stokes
2
USDCAD Analysis: Is it Time to Sell?Hey traders, The USDCAD recently broke above its double top, and now at its trendline resistance, which was previously a support zone, has now become a resistance level. Usually, I'm not a fan of these setups, but if this is what the market is providing, we can wait for confirmation at the trendline resistance that we are turning bearish before we move ahead and enter a sell trade. For a stop loss, we can place it above the trendline resistance or use an ATR-based stop loss, depending on the entry strategy. Our target would be the next level of support, which is located just near 1.3500. Keep following and liking this post for more exciting trading insights. Don't hesitate to share your thoughts in the comments section below. 📈
by TheTradersAvenue
12
Ready for a Breakout? How to Trade the Beautiful TriangleHey traders, The GBPUSD has been trading within a beautiful triangle pattern, and it's on the verge of breaking out. Typically, if this pattern appears in an uptrend with no apparent resistance ahead, it indicates trend continuation to the upside. Now, let's talk about how we can trade this triangle pattern. The aggressive entry is to enter at trendline support near 1.2400, with a stop loss placed below the previous swing. For a more conservative approach, wait for a confirmed breakout, then drop down one time frame and look for a trend continuation pattern to ride this break to the next level of resistance. Of course, if the market breaks below trendline support, this idea will no longer be valid. Keep following and liking this post for more exciting trading insights. Don't hesitate to share your thoughts in the comments section below. 🚀
by TheTradersAvenue
15
Will the Uptrend Continue or Reverse at 1.0900? Let's Find OutHey traders, Looking at the EURUSD chart, we can see that the market has been in an uptrend short term. However, the market was unable to sustain its momentum above the 1.1100 level, and traders took their profits at this level, causing the market to move downwards. It is possible that the market may continue to move down towards the 1.1000 level, which coincides with the trendline support. At this point, I am not suggesting shorting the market as long as it stays above 1.0900 because we are still trending upwards. If the market tests this level, it could be an opportunity to look for a buy entry. Remember to follow and like this post for more exciting trading insights. Don't hesitate to share your thoughts in the comments section below. 🚀
by TheTradersAvenue
6
Bitcoin on the Rise: Technical Analysis Shows Positive MomentumHey there! So, we're going to talk about Bitcoin prices over the last couple of days. The price of Bitcoin has been jumping up and down quite a bit during this time, with the highest price being 31,000 USD and the lowest being 26500 USD. Now, let's talk about moving averages. to see where the trend is 50-day moving average: 27215 USD 100-day moving average:24690 USD 200-day moving average: 21312 USD Right now, the 50-day moving average is higher than both the 100-day and 200-day moving averages, which means that Bitcoin is trending upwards. Next up, we have a look at the Relative Strength Index (RSI). Right now, the RSI for Bitcoin is at 52.00, which means that the market is pretty neutral - neither really good nor bad. So, based on all this technical analysis, we can say that Bitcoin is currently on an upward trend.
Long
by TheTradersAvenue
18
ETH Price Analysis: Bullish Momentum on the Risehello traders Over the last 7 days, the price of ETH has been fluctuating between 1916 to $2141. The overall trend of the cryptocurrency was bullish as the price kept moving upward, but there were moments when ETH experienced dips. Looking at The Moving Averages: The moving averages help to smooth out the price action of ETH on the chart. Over a couple of days, the market remained supported above the moving averages, and the price has not gone below it. This indicates strong bullish sentiment in the market. also, the 200-day moving average has caught up with the price action of ETH, indicating that the short-term trend is upward. higher highs ETH formed a couple of higher highs and higher lows which line up with trend line support indicating the market will likely continue upside Based on the technical analysis, the overall sentiment of the cryptocurrency is bullish. The moving averages are acting as support, we have higher highs, and trend line support. Given the current technical analysis, it would be a buyer of ETH for short-term gains. However, It is also advisable to keep an eye on the RSI indicator to monitor any changes in market sentiment.
by TheTradersAvenue
23
BTCUSDT Bearish Cypher to Bullish Gartley Potential BTCUSDT Bearish Cypher to Bullish Gartley Potential based on Fibs For fun and although technical, by no means have any bias for your own trading decision. Mid point play out for Cypher confirmation from B 0.5 Fib to C. C to D would be a 0.618 fib resistance level and 28,500 a natural known resistance. Bullish Gartley enter, X to A the Cypher C to D given D is the top. A to B would be the Fib 0.618 from X to A. Given support around B various nPoc's, B to C to nPoc at approx 28425.00. C to D, D various nPoc's support around 27,300. D then reaching back to retest top of the range at 28425.00. For fun would be see how this plays out.
by hmaroudas
Very Long Term Bullish Crab on the 12hr 1DBINANCE:BTCUSDT Update from my last post: We did not bounce at the .886 for the BAT at exactly where it needed to. It is actually setting up for the BAT that was from the prior swing low, which still makes it valid. This sets it up for a Deep Crab instead of the Butterfly as once thought. If we get a bullish move up here, this would set up for a Bullish Deep Crab (Blue) where the D point is at the .618 of the very Macro chart. If we get a bounce at the .618, then that could potentially set up for a Bullish Crab (Teal) at the 12k mark. Over all this is a bearish move to 12k but these would set up for BTC to bottom at 12k for a good buying target. Thank you FYI - People are looking for the 25k bounce. I do not think we will get that.
Long
by Jetki