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Does GBPAUD drop from here??HTFs - Right at the 3rd touch of a daily expanding formation approaching and breaking highs very correctively. This larger structure could be acting as a continuation from the previous bearish momentum. LTFs - Price becoming more and more corrective approaching outer structure and highs signalling sellers coming into the market. Price could reverse from here for some nice shorts. It's also possible that the overall expanding pattern could mean more upside.
Short
by Black_Magic_Capital
👁‍🗨 NZDUSD top of my watchlist for a SELL 👁‍🗨HTFs - price has been in corrective phase for a few weeks and has formed an ascending channel with a slight expanding element which can be clearly seen on all time times. Highs that were previously acting as resistance have now been broken correctively | LTFs - 3rd touch of the expanding formation is being approached with price forming a smaller ascending structure following the break of highs. Pattern within a pattern signals an increased possibility of a pattern completion and reversal to follow | ENTRY - this setup is straight out of my plan so I'll have no hesitation pulling the trigger if there is a rejection at the 3rd touch of the LTF ascending pattern. There could be added confluence of a mini double top within the pattern. If price breaks out to the upside, I'll be waiting for the market to present signs of a bearish reversal before looking for any short entries.
Short
by Black_Magic_Capital
AUDJPY setting up nicely for a SELL 🎿HTFs - From daily down to 1H, price has been corrective for weeks and has formed an ascending expanding formation. Weeks prior, there was heavy bearish momentum which is clear when zooming to higher time frames | LTFs - Internal structure is clean with a middle section showing wave behaviour. Clue is the ascending channel at the end of the structure with the 123 formation ENTRY - One my favourite pairs to trade. Have been waiting patiently for this to reach an area of value which will be once the high is broken and price begins to show deceleration and a rejection at outer structure. Otherwise will be waiting for the market to show signs of reversing. If none of the above then no trade for me
Short
by Black_Magic_Capital
AU200 set to continue dropping?HTFs - earlier in the year this index went into free fall. It's "bounced back" but the overall state of price has been very corrective. Separating the patterns, I can see an ascending wedge which moved into an ascending channel and is now very near significant highs | LTFs - I'm just focused on the ascending channel section. There seems to be an expanding ending pattern at the end of the larger pattern which increases reversal probability. Price threatened to drop last week after rejecting at highs but is now creeping back up to high value area for a 3rd touch. ENTRY - I suspect that this time price may break the immediate high within the expanding pattern to complete the overall structure. Pattern within a pattern so I'll be looking for an entry at the top of structure once the high breaks. If price action is impulsive upon approach, I'll just wait for the market to show a signal it's reversing and then wait for an entry.
OANDA:AU200AUDShort
by Black_Magic_Capital
Eyes on USDCAD for possible BIG move! 🐻HTFs - this has been lining up for quite some time now, weekly shows an ascending channel which was completed at the 3rd touch and price rejected just short of long term highs (see screenshot). Should add that significant highs from May 2017 are already convincingly broken. There has been a decent move down, followed by a sideways HTF structure acting as a flag for more downside | LTFs - looking at the structure just on the hourly, it seems clean. A good signal is the corrective approach heading towards the highs and outer structure for a completion. The patterns within patterns increase the probability of this move playing out. It reminds me of the GBPJPY trade I took in February which banked me over 17% and should have been more (see screenshot). ENTRY - I'll be very patient waiting for the high value areas at the top of structure. Ascending price formation or a 1H retrace and I'll be looking to get in to hold for the medium term.
Short
by Black_Magic_Capital
6
USDSGD SHORT...could be a hidden gem 💎HTFs - the weekly structure shows a clear sideways channel with major highs broken and signs of a bearish reversal to downside. Now forming a continuation structure with a slight descending angle. Price action pretty clean with identifiable patterns | LTFs - the angle is descending suggesting upside, but that's only part of the story. The structure is clear and there is a clue in the ascending running channel forming at the end of the pattern. Note, this also has a clear middle section increasing reliability of the pattern | ENTRY - if price breaks that mini high correctively and rejects at the top of the running channel/larger descending structure, I'll be aggressive with my entry. If price is impulsive on approach to edge of structure or breaks structure, I'll wait for the market to show a signal it's turning bearish
Short
by Black_Magic_Capital
7
Massive upside potential on EURCAD ⚡HTFs - zooming out to the weekly and daily charts to see a clear bullish impulse and price has been correcting ever since for a number of weeks, potentially acting as a bull flag for more upside | LTFs - essentially treating this as it's own pattern. Descending channels within descending channels and recent lows broken all points to a higher probability of a bullish reversal | ENTRY - lows broken correctively, patterns within patterns all approaching an area of multiple confluence. I'll be waiting for the market to show me a signal with a move up first; aggressive entry on the first flag. Otherwise no trade for me
Long
by Black_Magic_Capital
SPX 500 - Gann Chart and CyclesI believe that nature comes and goes in ratio, as waves push and pull and expanding or contracting phases and interact. Beyond the chaos there is a process of multiplication, duplication that happens through doubling and halving. Now Gann the real master is all about that and reflected in his angles (0,0.25,0.5,0.75,1) where price and time create a vector and these angles tell how the trend changes over time. How to use it? I only know how to put it on the chart but the story of what it means can only be told in the future.
SP:SPX
by TheTrex
6
FSTE set for further downside? ⬇⬇HTF - still looking at the heavy bearish move from previous weeks, since then price has been in one large correction signalling more downside likely | LTF - separating the patterns to see a completed 3 touch ascending wedge followed by a larger bear flag. Clean middle section to flag and ascending channel is forming, hinting at pattern completion | ENTRY - this is more ambitious due to the overall corrective nature. So I will be waiting for internal highs to break followed by a signal from the market in the form of a bearish impulse from top of the pattern. Only once I see a flag , will I be eyeing a short entry.
OANDA:UK100GBPShort
by Black_Magic_Capital
Stalking AUDJPY for a SELLHTFs - originally was looking at an HTF bullish reversal but price is very corrective and looks to be forming a clear ascending channel signalling a downside move | LTFs - clear ascending wedge approaching 3 touch pattern completion. Nice middle section, price now forming an ascending channel within an ascending channel that has correctively broken the high catching traders on the wrong side | ENTRY - one of my favourite pairs that I haven't traded for a while. If there is clear ascending nature at the top of outer structure I'll be looking for a risk entry. Otherwise will wait for the market to signal a reversal and wait for the flag. Possibly 2 entries. If none of these scenarios set up, no trade.
Short
by Black_Magic_Capital
2
OIL in value area for potential LONG reversal 🧨HTF - significant drops have broken all time lows. False breakout to upside now price correctively moving back down to double bottom area | LTF - price decelerating towards lows and outer structure, currently within a descending channel signalling upside breakout potential | No need to rush this one with so much potential for upside. Will be waiting for price to reverse at double bottom or just break below first, then a bull flag. Otherwise if outer structure is reached within a clear pattern, happy to take an early entry
OANDA:WTICOUSDLong
by Black_Magic_Capital
Looking at a SHORT TERM SHORT to lowsHTF - Can see that the most recent momentum has been bearish and past week or see has just been a steep correction to likely head lower | LTF - Ascending wedge/channel behaving as the correction lower but wasn't willing to cal the top of this move. Now market is giving a clue it's ready to continue down following break of recent high and bearish impulse | Market is showing it's hand, I'll be waiting for a tight flag to confirm this is heading to the lows at which point I'll be looking for an entry. Also wary of possible inflection point where price could reject. Will use the inverse correlated DXY as a cross reference
Short
by Black_Magic_Capital
AUD/USD - Explosive analysis - ASRThis is a great first post!!! So recently we transferred from our other tradingview accounts and decided to start afresh, again with a trading view orientated around our Fund W2 Capital - Select Alpha, and our trading community W2 Trading!!! with that in mind as we near the end of January 2020, Bradley and I spent some time conducting our A.S.R and going over the data for AUD/USD to capture our trading data and dig deeper into the statistics behind our positions!!!! This is just a snippet of how we trade and exploit our Edge to capture Alpha!!! January has been an insane month and we are looking for to opening up our doors and providing you all with extreme value whilst helping you learn how to trade the financial markets!!!
Education
by Phantom_Trading
3
ALPHABET: GOOG Nature of the BeastALPHABET: GOOG Alphabet has two habits: it makes significant double tops quite often (3 times in this 2 year bull run so far) and when it creates a gap at earnings season it usually comes back to fill that same gap around 4-5 months later - and when does this it tends to do it twice, creating double bottoms as well as double tops. This is the one stock amonst the FAANGs that displays this kind of repeat behaviour so clearly, with one glaring exception, shown at the blue arrow. The biggest correction in the run is 15% in early 2016. Taking 15% off the highs = 1000. And 20% is 940, which coincides with fixed support at 942 and the lower supporting parallel. Perhaps in a panic it may spike this low but looking at past behaviour it should find support again at 987 by the close if it does fall this far first. Major suppoort exists at 904-900. It will take a close below here to derail this train.
NASDAQ:GOOG
by sumastardon
2