Pattern
HNTUSD - Long -Adam & Eve pattern By looking at the 1h-chart of HNT-USD we can see an Adam & Eve pattern. Adam & Eve double bottom pattern is considered one of the strongest trend reversal bullish patterns. This is a short-term opportunity to get a nice profit.
The price is about to rise 5%, the price is testing the resistance. The resistance has currently changed into support, the trade can be entered right away. After this has happened the target can be targeted.
See all further details on the chart.
Good luck!
STLA - Ascending triangle - Long termOn the weekly timeframe of the STLA chart, we can see an ascending triangle forming. An ascending triangle is a bullish formation.
It's interesting to watch this asset during 2023 for the price to break out of the triangle to the upside. The breakout-line is shown on the chart. When this happens the pattern gets confirmed and trade can be entered by taking a long position. This is a long-term trade.
See all further details on the chart.
Good luck!
GOLD - Potential Short-Term Reversal!🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GOLD is overall bullish trading inside the rising red wedge pattern, and it is currently retesting the upper red trendline.
Moreover, the zone 1830 - 1845 is a strong resistance zone.
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
As per my trading style:
As GOLD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD - Short opportunityHi traders, lets take a look at GBPUSD on the 1h timeframe. we have price on a bearish trend. After an impulse move there is always a correction phase and currently the market created a bearish flag which is a continuation pattern to the downside. we will be looking for a sell once the candlestick closes with a bearish confirmation
$XAU - Gold - Where to next?!$XAU - Gold - Where to next?!
We've got whole load of US Data and ECB as well, this could play either direction
Currently we are within this pattern in play, you could even think of it as H&S brewing. This morning its a DXY move, we've had majors decline and precious metals. This could decline further if the bears gain further control. However, if we go above the highs then bulls are back in control.
Trade Your Plan!
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Not Investment Advice
$nzdusd - I am bearish but why?$nzdusd - I am bearish but why?
I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading.
0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805
Data wise we got BOE & ECB left - lets see what they have in store for us.
Don't forget to trade your own plan.
Have a great day ahead,
Trade Journal
SPX500 Shooting down rapidly SP500 has finally broken down the head and shoulders pattern I discussed in the previous idea , and now it's facing some resistance from a trend line descending since last Aug. Here I see two scenarios:
scenario-1: opening in a gap without under the trend line, but it has to face the demand zone @3771. Then it might shoot up to retest the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655
scenario-2: the price will react to the trend line and go up to meet the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655.
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DXY still looking for longsThe DXY needs to break up the 105.8 level, a previous resistance level, and break from a local trend line.
As the price approaches 107.8, it may be a combination of 3 resistances, a descending trend line, a daily resistance, and the 100-day and 50-day moving averages.
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Brilliant pattern US30Dow Jones index H4 chart... we see brilliant pattern. This chart is in uptrend and this pattern will show us next move... I'm bullish on this chart ...
$EURNZD - Trade idea EURNZD - As kiwi heads higher, expect eurnzd to decline. You get the pattern?
It's a typical, the trend is your friend with this one, I did fade some took that off. Now if we break this support we head down further!
Not Signal Provider - Follow your own trade plan!
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Are you ready for the CPI?Are you ready for the CPI?
Forecast 7.3% - If it comes lower, it's good result you may get SPX climb higher. However think about how low it comes in or does it come in line or do we get opposite and comes out higher or in-line.
Don't forget we have CPI today but we have FOMC tomorrow. I am going to be trading the two events separate taking my CPI trades off with a clean look for FOMC tomorrow as Powell could be Hawkish or Dovish - who knows?
Don't forget to trade your own plan to become a consistent trader.
Enjoy,
Trade Journal