A diamond is about to shine!The price action is printing a peak formation making an iv wave of a potential expanding diagonal ending. This contractive path suggests a possible diamond pattern to be formed, in which structure price can form a counter triangle. The expected swing down tends to led the price to extend an 2.618 Fibonacci ratio of a potential Harmonic Bat C-D leg @ pivot support level, as shown on this chart.
Pivotstrategy
EURGBPEURGBP has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
GOLD : XAUUSD Buy From PivotOANDA:XAUUSD
Hi , Trader's Our last Gold Target Hit , We are trying our best to provide you simple and profitable analysis
Now market After Hitting resistance Bow reverse to it's pivot area .
Buyer's are buying Gold from Pivot point as Gold is safe heaven for investment
50 EMA also supporting GOLD , Increase in volume can make price volatile
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US100 : NASDAQ AS TECH GIANTCAPITALCOM:US100
Hi , Trader's .. Our last target of nasdaq Hit TP
Now market is trading in Resistance 1 And Pivot Range
Bearish Pressure is building up in 1 HR TF
Market can make Double Top And can drop to retest Pivot area
Target With Proper Analysis And Risk Management
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USDCADUSDCAD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
AUDNZD : Pivot Trading StrategyOANDA:AUDNZD
HI , Trader's our last forecast reached target
Now market is trading below pivot and above Support 1.
Market can make W pattern , ( double bottom pattern ) to move further upside
50 , 200 ema will also act as resistance from where price can fall and make double bottom structure
❤️ Please, support my work with follow ,share and like, thank you! ❤️
AUDJPYAUDJPY has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
LONG LTCUSDT (4H)The ELLIPSE trading strategy has generated a long signal (4H timeframe) for Litecoin (LTC) at $77.51.
The price has recently broken through the monthly pivot (P) level (denoted by the orange line) and has subsequently seen both the price and lagging line on the daily chart break out of the Ichimoku cloud (as evidenced by the green background on the 4-hour chart).
The first significant resistance level encountered was the yearly pivot (P) at $88 (indicated by the black line). The price has been hovering around this level for approximately 2 weeks.
Today, the price has broken through this level with high volume, indicating that the trend is likely to continue with the next major resistance level being the yearly resistance (R1) at around $135. Keep in mind that there may be additional resistance around monthly R3 ($107), R4 ($118) and R5 ($129).
Additionally, the alignment of all 9, 21, 50, 100 and 200 exponential moving averages suggests a bullish trend.
Note that the halving of the block reward is scheduled to occur around August this year, which has historically led to a bullish momentum.
GBPUSDGBPUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
CADCHF high potential to reach lower pricesIf the Canadian banks do not create a big demand, it is very likely that the strength of the Canadian dollar will decrease compared to the franc, and we will see the fall of this chart in the coming hours.
CADCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Why you cant use FRACTALS as a buy sell indicationThis is to help a follow trader here on #Tradingview @TradingView
@blong8797 This is mainly for you.
The problem is that Fractals print late and can not be relied on for use in a any automated system. They will literally BLOW YOUR ACCOUNT.
Fractals look nice once they are plotted out but they are to be used as PREVIOUS price data and not CURRENT price data.
Watch the video to see what the problem is with using them in an automated system.
USDCAD DROPS TO 1.3250 MAYBE 1.30USDCAD D1 28-1-23 = SD + PP + GAPS
- Seasonally FEB/MAR/APR should be bullish
- COT however is in favor of lower prices
- Technically it looks very bearish
- Lower Highs > Lower Lows on HTF
- Pivots: Price started the Quarterly at QPP, now moving to QS1 = 1.3250
- 1.3250 = QS1 = Demand-Zone = GAP = Imbalance = 50% Upswing / very likely to be hit
- 1.3000 = Important Level = Demand-Zone = QM1 / is likely to be hit, but remains to be seen
SPX: Reached its Climax! What's Next? 🤔• The SPX did correct to the 21 ema, exactly as we expected in my previous analysis (link below this post, as usual);
• Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015;
• If the SPX breaks this red line, it’ll trigger a pivot point, and in this scenario, the next resistance around 4,100 is the next target;
• What could go wrong? If the SPX fails in breaking this red line, and loses the 3,889 again. That could be a Double Top chart pattern;
• As long as it stays above its support levels, it’ll be fine, but a true reversal would only come if we trigger the pivot point;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
USDCAD: 2ND IMPULSE LOWER TO 1.30 ?Looking for a drop to 1.30 big figure
COT: Looks like Institutional switching from acc. to dist. CAD shorts
COT: USD longs in dist. mode since Q4-22
COT: Both developments spell more downside for USDCAD
Pivots: Q1-23 starts with selling the Qarterly Pivot
Pivots this predicts Quarterly S2
TA: Daily downtrend evolving with a HH > HL > HH > HL printing
Levels: Stops resting below 1.3250 / 1.30 as downside target = QMS2
CADJPY Forecast!Hello Traders!
In the Descending Channel the price pullup it self from the ground to the top of the channel by correction way. I think it will fake breakout and retest 99.450 and fall down to middle of the Channel and MAYBE even the bottom.
What do you think?
Please Like and Comments to this post and let's talk technically on this matter.
love you all
Let's Master the Market together!
GBPCHF TO 1.180+ IN DEC- RSA W1: GBP strong, CHF weakening
- COT: GBP buying longs AND selling shorts, CHF only selling shorts
- LVL: PMH & PWH at 1.1540, CQH at 1.1570, levels approached but not yet purged
- PP: MPP predicts MR2 = 1.1810
- TA: Price makes HH > HL since mid NOV
- PTRN: W + 1st push completed
- VOL: Volume preceeds price on H4, Price above QVWAP but BELOW MVWAP & WVWAP
- SEASONAL WARNING: GBP sideways in DEC, CHF bullish in DEC
US2000 BACK TO 2000 ?- RUSSEL back to 2000
- Seasonally Russel is strong in DEC
- Seasonally Dollar is weak in DEC
- W-pattern + 1st Push unfolded
- Looking for stophunt high and low, then 2nd Push
- 2nd Push is run from 1850 to 2000 = MPP to MR2
- Also Demand-zone and 2 Deviation of Channel
- COT supportive of move higher, Dealers more short and less long