CADJPY HIGH VOLUME PROFILE BREAKOUTPair: CADJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, resistance
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Key Takeaway: Seen break of high volume level and resistance level
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Level needed: Need to see price close by 104.065
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Trade: Long
RISK:REWARD 1:8
SL: 25
TP: 205
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Noindicators
CADCHF POTENTIAL BREAKOUT?Pair: CADCHF
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, resistance
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Key Takeaway: Need to see a break of high volume level, resistance and trend line
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Level needed: Need to see price close by 0.74805
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Trade: Long
RISK:REWARD 1:7
SL: 12
TP: 88
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDCAD TREND CHANNEL BOUNCE Pair: USDCAD
Timeframe: 4H, 2H
Analysis: Round number level, trend line, volume profile, trend channel
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Key Takeaway: Seen good bearish momentum once price bounced off top trend channel level
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Level needed: Need to see price close at 1.28495
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Trade: Short
RISK:REWARD 1:5
SL: 22
TP: 92
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
RESISTANCE BREAKOUT AND RETEST ANALYSIS...im excited to see the what actually happens with this in the future. obviously i can be completely off, but at least i can consider myself fully accountable for this failed setup. Then again i could be completely right here and thats why im not calling out anything yet. iam very confident regardless of what happens...
Happy Trading !!!
A BUNCH OF CANDLES...this setup low key looks like a chaos but i just thought it to be kinda cool, so im posting it here just for the record. apple's doing all sorts really. oh and also i think the price will go down eventually next week cause of the bearish candle and the resistance.
Happy Trading !!!
S&R ZONE + SYMMETRIC TRIANGLEwell im excited to see what happens with this and where the price ends up. although im low key bullish cause this a 4-hour timeframe which is quite big and large timeframes like these normally dont form bearish patterns, but we shall see what actually happens...
Happy Trading !!!
buy OPPORTUNITY in BHARTI AIRTEL HEY GUYS ,
a great opportunity is given by stock called bharti airtel
this stock is consolidating within fixed range for a long time
and now this stock has given a buy oppertunity
this stock is at his lowest level of this consolidating area
and it is at his support level
as you can see that , a STRONG GREEN CANDLE is made
and buyers are now available at this stock
so you can also grab this oppertunity bu buying this stock
you can purchase it at his LL and sell at HH
this stock can give u great returns
FUNDAMENTALLY ALSO , this stock is strongly recommended
therefore, try to buy this stock and earn high returns
BUT PLS CONSIDER THE CURRENT GLOBAL SITUATION, RISING INFLATION AMD WAR BETWEEN UKRAINE AND RUSSIA
WAIT FFOR RIGHT OPPORTUNITY AND BHY THIS STOCK
😀😀
🐻AUD/USD SHORTAUD/USD has been bearish for the most part but has been stuck in consolidation which could be identified as a correction.
The price has formed an expanding pattern which in this context is a continuation pattern. There is a smaller expanding pattern with in the previously mentioned one which in its own context signifies a reversal, adding confluence for a sell.
The dollar has recently been strengthening and this will likely lead to the continuation of this bearish move.
Price has also broken structure to the downside, forming a lower low, bearish structure.
OANDA:AUDUSD
🐻US100 SHORTUS100 has been quite bullish the previous week. Price has recently reached an area of resistance on the 1D chart and is showing strong rejections off it.
Price has now formed a more complex correction which could either be a continuation or a reversal.
Considering The overall trend, we could see price break higher as this could just be a breakout build up.
I'm more confident in a short position though.
When selling, we should look for any bearish signals and the highest probability one would be price testing the trendline for the third time.
Targets for shorts should be at the support below.
CURRENCYCOM:US100
BINANCE Support Breakdown Retest Entry.If anyone wants me to explain this chart analysis to them, then please comment and let me know.
P.S: I'm getting into the habit of posting multiple Ideas per day and that's why i'm not willing to put much time and effort into describing my analysis. However, I'll be more than glad to explain the ideas later on to anyone, who's got subjective and non-linear questions.
With that being said...
Happy Trading !!!
BINANCE COIN EASY + PROFITABLE SETUP.So, what you all actually see is a Descending Triangle Pattern formed in Binance Coin.
A descending triangle is a part of the 3 famous triangle patterns, namely:- Ascending, Descending, Symmetrical.
All these patterns are some way or another part of Price Action Trading. In this case the upper trend line indicates lower highs and the bottom line indicates equal lows(~).
And eventually, price breaks the pattern and a Bearish Breakdown occurs.(Keeping in mind that the break may vary in the other two patterns).
After the price took a little support, it went back up and retested the previous support which is generally when most of the traders prefer to enter and make a position, as it's the safest entry possible in the given circumstances.
With that being said...
Happy Trading !!!
DOUBLE REVERSAL and a BREAKOUT._____.While looking at TATAMOTORS chart, I came across a resistance and support area which apparently formed a double reversal(Ping Pong Reversal).
After waiting for a few minutes the price broke out with a sharp bullish candle, though I was waiting for the price to retest the new support but I supposed that there simply isn't enough time left in the market for it to occur. I believe that's exactly why the bullish nature seemed to almost fade away after a few candle later. Even if price retests eventually then that'll probably happen tomorrow.
With that being said...
Happy Trading !!!
Simple PRICE ACTION Setup In LUNA.One of the simplest setups a trader would fancy is like such, didn't really take long enough to find this setup but this was personally what I usually look for, whether looking in Equities or Cryptocurrencies.
Let me emphasize on the fact that how ideal this setup was for many traders including myself and also reconsidering that you don't find such easy setups everyday.
With that being said, I'm not sure if there's anything much to explain about in this setup.
Happy Trading !!!
Possible buys on GBPJPY for the weekBeautiful set up if i do say so myself.
overall it is a bear trend on the higher time frame, but we can clearly see price looks to want to hit the top of the trend before pushing down.
Anything could happen in these markets though as we all know. Prosperous trading family. Wishing you all an abundant journey.
NZDUSD LONG swing trade with 3 confluences List of confluences:
1: Weekly chart breakout and chart in market structure.
2: Weekly and daily Chart short to medium term trendline breakout.
3: Potential Head and shoulder formation on daily chart
Summary:
When we look on the weekly time frame, we can see a clear bullish market structure change and breakout. Usually after such a strong breakout we tend to see a very strong pull back which lasted just over two weeks in this case and is visible on the daily time frame as well.
Most the traders who took this setup right after the weekly candle breakout had a strong potential of getting stopped out so its advise to wait a few days before looking for entries. When looking at the weekly and daily chart, we can see
a breakout of a short to medium term trendline. After the breakout we can see a very strong pull back as stated above. Lastly we can see the potential formation of a head and shoulders pattern which further confirms out long basis on the NZDUSD pair.
This trade will be left to run for about 2 to 3 week or until the target is reached, which ever comes first. Targets are set using Fibonacci. Lets see how this plays out.