EURGBP SHORT SETUPEURGBP: price was converging in a rising wedge towards the breaker block, after mitigating from this block we got a break of supporting wedge line and change of character to bearish side on local structure, overall trend is bearish. I expect this pair to continue as marked on the chart.
Orderblocks
[Candlestick Patterns] Just need to know these three!#Candlestick #CandlePattern #Tocademy #Tutorial
Hello traders from all over the world, this is HAMZA_ZDH=)
I was unexpectedly surprised by many of you who liked and supported my last post about the basic concept of TA( Technical Analysis ). Today I prepared a brief lecture about the Candlestick Pattern, one of the most fundamental phenomenon and behaviors that traders must be well-informed. In fact, we should be very familiar with these textbook contents and interpret it in a glimpse on the technical chart unconsciously. Just like we don't pay direct attention about each breathes when breathing, like we don't care each and all of the alphabets when we speak, or like we don’t perceive location of each keyboards every moment as we type, this very technique should be performed automatically and quickly by observing dominant formations of candlestick bars.
As a matter of fact, comprehending market trends and price actions only by referring to the candlesticks is yet too spurious. It should be used in such a way to weight on certain scenarios in a macroscopic view, rather than deriving precise and specific PRZ(Potential Reversal Zone)s and distinguish the accurate market trend. It’s never like ‘The price must go up because this pattern just appeared’. Furthermore, I strongly believe that the reliability of the candlestick pattern strategy is declining especially in recent financial market, where we encounter countless non-traditional and abnormal situations that were not very common in the past. Hence among the existing ‘Textbook’ candlestick pattern strategies that can easily be found on Google , there are particular patterns that are still very reliable on current market and there are ones that are not as reliable as it used to be. So here, I will organize everything very clearly for you guys.
TSLA SHORT now SETUPNASDAQ:TSLA
TSLA has hit heavy resistance on the 2H chart as it
came up on the heavy sell order zone and the POC of the volume profile
TSLA reacted with Doji candles demonstrating buyer versus seller push and pull dynamics
The RSI is decreasing with a rise in price showing divergence and suggesting
TSLA is about to roll over. The Choppiness Indicator is still moderately elevated
showing buyer. seller action is sideways.
All in all, I forecast that TSLA is set up to short ( or via put options ) with targets
of 790 and 705. For a great reward-to-risk ratio, the stop loss can be $1.00 above
the top of the sell order zone.
Please review and offer your opinion in a comment !
( As an aside take a look at my idea of Sell Tesla Buy Ford using a TSLA / F ratio over
time as the key data for the analysis)
My 2 Orderblocks i am watching for potential ordersBTC is ranging for few days, it is creating liquidity for the next impuls push. I am watching 2 zones to potential look for orders to place. On both zones there are nice Imbalances to be filled so price can go either way.
The OB on the downside (Demand orderblock) i like becasuse there is liquidity to be taken into the poi, just watch out for potential creation of trapped volume so thats why i will wait for conformation becasue price can break true the zone.
The Supply orderblock is also nice becasue is is nice liquidty to take to the upside thats build up perfectly. I will let the market do its thing for now and react when it reaches my zones.
I hope you all have a great week trading.
" Gold " Sell Trade With More 500 Pips Target Good Morning Trader's ,, How Are You Today ?
Let's Explain Together "Gold" Chart And Reasons To Sell From This Area !
1- What Is The Trend For Gold ? Now ,, It's In Down Trend ,, IF we Break Out 1800 We Will Going To Up Trend To 2070
2- Why We Will Sell From This Area ? Gold Break Out Strong Area " Golden Zone " And Channel
3- When We Close The Target As Stop Lose ? When Gold Break Out 1800 With Daily Candle
Any Questions Please Write me On Comments !
EURGBP SUPPORT BREAKOUTPair: EURGBP
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: Seen break of support and a restest of trend line as resistance
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Level needed: need a close by 0.84185
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Trade: Short
RISK:REWARD 1:4
SL: 18
TP: 80
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
🛎🛎 EURAUD 30 MIN PROJECTIONEURAUD is in A Downtrend.
Now For This Entry we Have Multiple Confluences .
1) The Market Firstly Grabed The Liquidity Then Move to the Downside And make BOS.
2) There is Inducement Liquidity on The Upside
3) The Area Where the Fake Pump Happened Now Became A Strong Supply Zone. And Possibly the Market Would Reverse From That Zone
EURUSD TREND BOUNCE?Pair: EURUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle pattern
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Key Takeaway: Need to see a bounce off trend line
—————
Level needed: need a close by 1.02130
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Trade: Long
RISK:REWARD 1:5
SL: 30
TP: 156
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
" EURAUD " Scalping Buy Trade With 200 Pips Good Morning Trader's ,, New Week ,, And New Charts Together ,, Hope Be All Of U Always In Profits
Let's Explain This Scalping Trade On " EURAUD " On 15M Time Frame ,,
1- What The Trend Now ? IS Down Waiting For Break Out The Area And Trend To Change It To Up Trend
2- Why We Will Buy ? We Will Buy After Break Out The Trend Line And The Order Block Area ,, So We Have Great reasons To Buy
3- What IS The Recommendation Price To Break Out And Buy From It ? 1.44500
Stop Lose And Target On Chart
⁉️ What is OrderBlock? ‼️ Order Blocks are candles where Market Makers (Banks) have placed their positions, generally, the market returns to those candles and they are never violated.
There're 2 types of Order Blocks:
1. The Bullish Order Block is the last bearish candle before the bullish movement, that Break The Market Structure Higher. Represents a high possibility of holding the price, when the price returns to it.
2. The Bearish Order Block is the last bullish candle before the bearish movement, that Break The Market Structure Lower. Represents a high possibility of holding the price, when the price returns to it.
EURCAD BREAKOUT TRADE Pair: EURCAD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: Need to see a break of support and trend line
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Level needed: need a close by 1.31350
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Trade: Short
RISK:REWARD 1:12
SL: 14
TP: 162
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION