How To Use "The 13 EMA" System The day is quietly passing by,
As am about to write down this idea on this stock to trade..
The problem with trading is that
It's very hard especially if you
Don't have a system to use
The system am using is called
"The 13 EMA."
It shows you the perfect time of entry
In this case we are looking at CWBC
👉Because it's a good buy
👉Because it gapped up a week ago
👉Because support is in an uptrend according to "The 13 EMA" system
Before you trade you need to have a trading system,after you master a trading system.
Then you can place "Good" trade.
If you want to learn more Rocket 🚀 Boost This Content.
⚠️Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Head and Shoulders
AUD/USD Short Trade IdeaPrice is at an area of resistance. The current Bias is Bearish. There has been a weekly divergence on the RSI, which is another confluence to support this Bias.
On the daily timeframe a head and shoulders pattern has formed and last week the right shoulder has finally broken through support. Breakout traders are long here.
For a more secure entry, pullback traders and continuation traders can wait, but there is the chance that a pullback does not occur and it continues to the next area of support.
Take Note of TP1, TP2, and TP3. These are all daily zones and need to be treated as zones or areas.
The above is only an idea of what could possibly continue to happen. Stay safe and always use proper risk management.
BTC Possible Reversal - Bitcoin Latest Head & Shoulder After upward trend, we found divergence by continuing reversal pattern Head & Should. there is strong possibility for reversal for Head & Shoulder. Safe Entry is after Neck break and reversal confirmation candle.
Note:
Trade on your own risk. this is just a analysis.
AUDUSD: Bearish Reversal Confirmed 🇦🇺🇺🇸
AUDUSD formed a head and shoulders pattern on a daily time frame.
With the release of the yesterday's US fundamentals,
the price dropped rapidly and violated a neckline of the pattern.
We can anticipate a further bearish continuation now.
Next supports: 0.6645 / 0.657
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Btc to 38000, Inverted Head and Shoulders patternThe Inverted Head and Shoulders pattern is a reversal pattern that typically signals a change in trend from a bullish (uptrend) to a bearish (downtrend). In this pattern, the right shoulder is larger than the head, which can be due to changes in supply and demand dynamics, such as a sudden increase in selling pressure( Mt. Gox distribution and sales by the German government.)
Is AUD/USD forming a head and shoulders pattern?The quality of the Head & Shoulders pattern forming over the last 17 days could be better, but prices are likely to trade lower if 0.6696 is breached. The pattern suggests the price could reach 0.6568, though a slide to 0.6643, the August 13 high, seems more likely. Until a clear breach of 0.6696 occurs, AUD/USD might reach 0.68. This afternoon's NFPs will set the tone.
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Freeport in Freefall?Freeport-McMoRan has struggled since the spring and some traders may see risk of further declines.
The first pattern on today’s chart is the series of higher highs and higher lows since early August. The copper miner fell through the bottom of that channel on Tuesday, creating a potential bear-flag breakdown.
Second is the zone around $43.30. It was a high in December and important breakout level in March. FCX recently tried to hold this support area but yesterday tore through it.
Third, the breakdown is occurring around the 200-day simple moving average. That may suggest that a longer-term uptrend is ending.
Speaking of the long run, the price action between April and July could be viewed as a top. Not only did FCX fail to break above its 2022 peak. It also formed a potential head-and-shoulders reversal pattern.
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