EURGBP Another double bottom + TL as support! We could go further and add various other confluences but what's really important to implement your own trade plan in this idea! Double bottom, support 0.88350 areas. Drop below further than that, then I would re-think this idea. Overall stay above the support of 0.88350 and break of the key resistance that has...
We see Hourly down wedge, which likely will break upside, confirming 4H orange channel We enter only with stop order- retest. Position details shown in image. Happy trading All
THIS IS NOT A FINANCIAL ADVICE, THIS IS ONLY A PERSONAL OPINION, WOULD LOVE TO HEAR YOURS IN THE COMMENTS I believe this drop in price is only a correction due to the huge jump from 45 to 47.8. The price broken the trend line and is supposed to have a strong support @ 47.965 and 46.614. The final support before a bearish would be 43.04. So to conclude i...
It appears that we are currently experiencing a similar pattern to the bull run we saw in the past. During this previous bull run, we saw a sharp decline from 65K to 29K. Currently, we are seeing a similar pattern with long positions being trapped at the top and many stops being placed below 20,4K. If this pattern continues, we may see a decline towards the 20K...
GBPNZD - Just an idea! It's a break above 200 EMA expect 1.618 as target areas! It's important this week regarding fundamentals to take into consideration as we have many CB's! If we stay above these levels, the bulls are in control. However, if we were to break below the areas of 1.90400 areas then bears may gain control. Key tip: Most of the time, it's...
On the chart of Autodesk(ADSK) we can see a double top pattern. For the whole year of 2022 ADSK has been in a downtrend and it is likely to continue in 2023. The double top pattern is a bearish pattern. Once the price breaks down the neckline and turns into a resitance instead of a support the pattern gets validated and the trade can be entered. Take your profits...
It starts out high from friday and then just collapses into sunday.
EURNZD have to options wait and decide after a decreasing triangle we can make a good trade >>
I believe the crash in June 2022 was premature, much like the new ATH in Nov 2021. I think Eth has it's targets set for that $2500 area to complete the gigantic pennant and then to pick a direction up/down from there. Good luck!
So, as many find this as the beginning of the bullish trend , I would like to support this idea with my views on how can this play out and some cautions. So we see the bullish cross on the weekly MACD , we still should not be overbullish as MACD is below the zero line. Daily MACD is still bullish and 4H as well. By saying that 4H is bullish I mean that the price...
As you guys can see ther's no bears around us, NDAQ finish another day in a very bullish candle. Although lets not forget we are In earnings season which means the market moves according to the big companies reports. Also lets not forget that today we gonna have the Core PCE price index report which will effect alot on the market. but overall seems like we are...
USDCNH - Inverse H&S Inverse H&S taking it towards 6.8000/6.90000 areas A break above for further confirmation. Smaller term we could go test 200 EMA - If we break below 6.7 expect to re-test of the lows. Don't forget to trade your OWN plan! Trade Journal
Kotak Mahindra Making Falling Wedge Pattern so, Add it in your watchlist for swing Trade
Hello Traders! Welcome back to another post with analyst Aadil1000x. This Analysis is the correct version of the previous Analysis. On Jan 22nd I posted the Analysis of BTC which I analyzed out of excitement where I pointed out a set of multiple patterns in a single pattern or is a beauty of the market that tricks the eyes and put us in an illusion. Those who...
bearish flip underway pn XAUDAUD. 5-0 pattern and whyckoff
Rectangle pattern Consists of Up trendline + strong resistance in order to know where the price will go next just check where the price will break first * if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss * if the tendline is broken also wait for a retest to enter sell or you can...
The instrument has increased volatility. The last attempt to update the maximum led to strong sales pressure, I assess this as a weakness of the buyer. Against this background, a triangle was formed, in which the price has been pressing against its lower limit for a long time, the volumes are falling. I expect an impulse exit from the trade down with the goal of...
BTCUSDT is currently on the $22k market price. Using Chart pattern, it has shown a double top which could result to a corrective movement back to $21k market price before an impulsive move to $24k market price. Will BTCUSDT do accordingly to my analysis? Probably not. Best we move with the trend📈📉