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NZDCAD PLAN.Hello traders around the world! My name is Alexandre Karim and today I want to talk about NZDCAD for a possible long position scenario. On the weekly chart we can draw a descending channel since April 2016 (Low at 0.86573) & November 2016 (High at 0.98831) till present taking multiple touches. The descending channel shows us an upside gravity + on the higher time frame we can clearly see that the price made a "V shape" and a bullish correction after it. If we zoom in to the daily chart, we can draw the upper and lower TL of this bullish correction. Moving to the 4H chart, we can check our areas for a long position. The first one would be a reversal on the lower 4H TL and the second one would be a breakout of the upper TL + giving us a continuation after. I will be focusing on the 1H chart to execute the trade. These are two possible scenarios on NZDCAD! What are your thoughts? Remember, patience is key! Wait for the perfect set up before entering any trade. #ThePrimes
Long
by alex_k_95
1
SQQQ on Bullish Signal Uptrend - Potential Recession is Coming SQQQ price closing on 50.24 USD where on the breakout of resistance level 48.68 USD yesterday. Notice that having a huge buying volume to support the breakout (cup and handle pattern), this indicate it is a strong bullish signal where investor can consider to take "Long" position on SQQQ with current price (50.24 USD). To be conservative, can take 46.19 USD as stop loss position which approximately 8.03% of risk. This would possibly on strong upward trend while potentially NASDAQ would be on bearish trend. Most likely " Recession is Coming" ... On the other hand, take a look on another chart regarding QQQ ETF which tracking on NASDAQ-100 Index: Based on my humble analysis, we can see NASDAQ-100 index had formed "Head and Shoulders" pattern. Yesterday the chart just on the breakout support level position with high selling volume of transactions. This mean it is high possibility that NASDAQ might go into "free fall". Thus, might be a good opportunity to trade SQQQ with manageable risk now (if practice stop loss of 8% from yesterday closing price - 50.24 USD) “Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
NASDAQ:SQQQLong
by samleecomp
5
📊 Chart Patterns Cheat SheetPatterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis. A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period. Technical analysts seek to identify patterns to anticipate the future direction of a security’s price. These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations. 🔹 Reversal patterns are those chart formations that signal that the ongoing trend is about to change course. If a reversal chart pattern forms during an uptrend, it hints that the trend will reverse and that the price will head down soon. Conversely, if a reversal chart pattern is seen during a downtrend, it suggests that the price will move up later on. 🔹 Continuation chart patterns are those chart formations that signal that the ongoing trend will resume. Usually, these are also known as consolidation patterns because they show how buyers or sellers take a quick break before moving further in the same direction as the prior trend. Trends don’t usually move in a straight line higher or lower. They pause and move sideways, “correct” lower or higher, and then regain momentum to continue the overall trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
7
CADJPY Wave And Trend Analysis and SignalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer In the financial markets, in the technical analysis of Elliott wave theory and its different styles, it is like the letters of the alphabet to read the price movement on the chart and it helps us a lot to diagnose and predict the future price. Fibonacci One of the good friends is a bargain and shows us good and useful support and resistance, especially if the combination of all types of Fibonacci expansion and retracement and the formation of a Fibonacci and PRZ range show us useful and interesting return ranges. Where there is potential for price diversion Trend lines can be a great help to a trader who finds areas with potential for return or indeed resistance and support on the chart. By drawing the rand lines correctly, you will see that the price responds to these areas with surprise. In general priceaction what dynamic trend lines are statically useful
Short
by Sina-TFX
AUDUSD WAVE AND PATTERN ANALYSIS TRENDThis post is just a personal idea and analysis should not be the criterion for buying or selling It seems to be in the g-wave and based on confirmation from other currency pairs such as eurusd, which has a negative correlation with this currency pair and the euro is bullish, this currency pair will probably fall to the specified range in the long run. It may form in the same diametric microwave The range I consider for the target is 0.47780 In the rectangles on the chart, the patterns formed in the past in microwaves are labeled in different time cycles and can be used for teaching and learning. On the chart, I tried to segment as much as possible the educational tips related to the classic Elliott and Elliott in neowave style in the rectangles I drew and the formation patterns in different time cycles. I hope my efforts will be useful for educational materials. My prediction is that the price will reach this level in the next 4 to 5 years
Short
by Sina-TFX
2
SUPERTREND AND EMA x2 Strategy for XAUUSD SWING TRADINGTools(Indicators) used: Supertrend Indicator from KivancOzbilgic no changes. EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used). Set Length on second EMA at 50 change color to Yellow CHART 5 MINS and UP but under 1H. Preferred instrument is FXOPEN:XAUUSD Strategy:- We enter a trade upon confirmation of the following conditions. 1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below. If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1 2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above. If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1. This is the strategy that I am using and I have been able to close 90% trades in profit. The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy Please Like and Comment.... Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.
FXOPEN:XAUUSDEducation
by GoldSiren
7
BTC on its last run before decline.I know all of my chart predictions are extremely unorthodox, and heres one for BTC . Previous all time highs for BTC bullrun was seen in the year 2017-2018. We saw that the price has 3 progressive all time highs between 3 different dates, after which the price starts to decline. These ATH dates in december 2017 were 7 11 and 16 What makes these ATH dates special in my extremely unorthodox prediction is that, first two ATH have a difference of 4 days between them, and the third being 5 days after that. The third ATH comes at 1. 25x days of difference between the first two ATH dates. which is 4 (different between 7th and 11th of december) x 1.25 = 5, 5 days later comes to be at 16th of December, which was the last time BTC ever pulled off the highest ATH price closing for the year 2017. Using this for the year 2021 BTC bullrun. We know that we have already had 2 ATH for this year. These dates are 8 22, Using what we know from our 2017 bullrun, we get a difference of 14 days between the two ATH we have had so far in 2021. If we multiply 14(difference between date 8 and date 22) by 1.25, it comes to be 17.5 days. So roughly at 17-18 days after 22nd of Feburary, which is on the 14-15th of March, we should see BTC at its ATH for this bullrun and then it should start to decline. However it is possible that we could see another spike even after price decline but price will not close there and a massive selloff will take place. End of prediction. I am not a certified trader or an analyst, but I just do this for fun. Do not sell/buy using my prediction.
B
by altcoinsftw247
5
The Coming Future XRP tends to do these patterns based on previous ones it has made in the past. The left is the comparison, and the right is a zoomed out look of the two patterns. Now take this with a grain of salt as this is mostly pattern analysis and most people don't agree. From the Corona March drop to August, is the same pattern, just extended a little bit. The ghost bars and the markings on the 1D show that this crazy spike is just a fake out for the moment, until the XRP fractal takes play in Jan/Dec months where it'll moon. The 2017/2018 moon where XRP jumped from .23c area to $3.84 also had a drop then moon; we still need to go through the drop phrase. Even without the pattern analysis XRP has touched the .32c resistance and RSI and Stoch RSI both show overbought on the 1D. It might play around for a bit in the .32c area but a correction is coming soon. Keep in mind that the current United States is considering another lock down, some states have initiated it already. The UK is already in second lock down. The jobless claims are still increasing, and DOW and S&P look to be heading in a down trend. I believe a drop is coming, around 40% in total. As always, time will tell. Credit to Mr. Level up for showing this pattern. His calls have been 80% correct which is far better than most traders, as their calls are usually 50% correct. Not financial advise. DYOR. Trade responsibly, XD.
BITSTAMP:XRPUSDShort
by nawmeancuh