EURAUD buy opportunity Planbuy Plan for EURAUD , always prepared for loss
entry based on price action at the point of interest area
my plan idea is always based on multitimeframe analysis, fibs, pattern move, market structure and common sense
Priceactionstrategy
Easy 5:1 ETH Short On the CardsFTX:ETHPERP Trade thoughts:
With the aggressive downside move this week, buyers trying to take back control of market, but bears are not finished. I think bear market is upon us as weekly structure has been taken out for BTC, and for ETH its just a matter of time - once we break and close below 1889 on weekly timeframe bear market will be confirmed for me. This is last attempt to push the market back up by Bulls.
PA is without question trending down with price below the 4H 50 EMA, and consistent lower lows, lower highs.
Good time to sit back and wait for the next short opportunity with PA destined to head back down.
Keep stops above structure level and an easy 5:1, and possibly 15:1 once you can safely tighten stops after stop hunt attempts. Keep above 2456 until you can be certain.
GOLD (XAUUSD): Time to Grow🥇
Hey traders,
After reaching a major rising trend line on a daily,
Gold leaves a lot of bullish clues.
The price broke and closed above a resistance line of a falling wedge pattern on 4h.
It looks like the market is preparing for a strong bullish move.
I will expect a bullish continuation to 1887 / 1906 levels.
❤️If you have any questions, please, ask me in the comment section.
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EURCAD: Bearish Move From Key Level 🇪🇺🇨🇦
EURCAD reached a key daily structure resistance.
On that, the price formed a cute head and shoulders pattern on 1H time frame.
Then the price broke and closed below its neckline.
I expect a bearish move to 1.3666 / 1.363 levels.
❤️If you have any questions, please, ask me in the comment section.
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DOLLAR INDEX (DXY) Consolidation and Indecision 💵
As we earlier discussed,
Dollar index reached a major weekly structure resistance.
The price is coiling on that for a couple of days already.
Analyzing a daily time frame, I spotted a classic inside bar formation.
Technically speaking daily candles are currently trading within the range of the 28th of April candle.
It looks like the market participants are waiting for some trigger and currently are very indecisive.
To clarify the future direction of the market,
wait for a breakout of the underlined range (you need a daily candle close above/below to confirm the breakout).
If the price breaks the lower boundary of the range, I will expect a correctional move to 101.5 structure.
If the price breaks its upper boundary, I will expect a bullish continuation to 105.0 level.
Let's see what will happen.
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EURNZD: Classic Reversal 🇪🇺🇳🇿
Hey traders,
EURNZD formed a triple top formation on a strong intraday structure resistance.
The price successfully broke and closed below its neckline
and now I expect a further bearish continuation.
Initial target - 1.611
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EURCAD: Bearish Trend Continuation 🇪🇺🇨🇦
Hey traders,
EURCAD is trading in a bearish trend.
Setting a new structure low last week, the pair retraced to strong resistance.
On that, the price formed multiple dodji candles, and then the pair formed a double top formation.
Its neckline breakout confirms a highly probable bearish continuation.
I expect a down move to 1.34
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AUDCAD: Oversold Market & Pullback 🇦🇺🇨🇦
AUDCAD looks very oversold.
After the price was coiling within a falling wedge pattern,
it broke and closed its resistance on an hourly time frame.
Now the price may bounce to 0.9115 level.
❤️If you have any questions, please, ask me in the comment section.
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Copper: Bullish Move From Key Level
Copper reached a very peculiar confluence zone:
we see a perfect match between a horizontal daily demand area,
618 and 786 retracement levels of the last two bullish impulses.
Analyzing the candlesticks, we may spot a nice dodji candle being formed on that structure.
Then, analyzing an intraday perspective, I spotted a bullish breakout of a falling wedge pattern formation.
I assume that it will trigger a bullish move.
Resistances on focus: 800 / 805
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GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
On a today's live stream we discussed a potential pullback trade on GBPCHF:
The market is taking off from a key level.
The price formed a double bottom with a higher low and broke and closed above its neckline.
Now I expect a bullish move to 1.223
❤️If you have any questions, please, ask me in the comment section.
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EURNZD: Classic Bearish Reversal 🇪🇺🇳🇿
EURNZD looks very bearish.
The price formed a high momentum bearish candle on hourly time frame
and then broke a support line of a rising parallel channel.
It looks like the pair may go lower.
Goals:
1.6165
1.6095
❤️If you have any questions, please, ask me in the comment section.
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AUDCAD: Your Trading Plan For Today 🇦🇺🇨🇦
On a live stream today we discussed a potential short trade on AUDCAD:
the pair is currently approaching a strong daily structure resistance.
On an hourly time frame, the price is coiling.
I spotted a tiny head and shoulders pattern.
0.932 - 0.9327 is its neckline.
Wait for an hourly candle close below that to confirm a breakout.
Then short aggressively or on a retest.
Your intraday goals will be 0.93 / 0.928
If the price sets a new high on hourly,
the setup will be invalid.
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S&P500 Index (SPY) Important Breakout & Bearish Outlook 📈
After 1 week of consolidation within a horizontal trading range,
this morning S&P500 broke and closed below its support.
Taking into consideration that the market is trading in a minor bearish trend
from the beginning of April, that breakout will most likely trigger a further decline.
Goals:
4340
4300
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AUDCHF: Bullish Continuation Pattern 🇦🇺🇨🇭
AUDCHF is trading in a bullish trend since November.
Setting a new high the price retraced to key horizontal structure support.
On that, a wide double bottom formation was formed on a 4H time frame.
I believe that the market may go higher now.
Goals: 0.7038 / 0.707
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DOLLAR INDEX (DXY) Can We Go Higher??? 💵
Weekly/daily time frame analysis on Dollar Index.
Price action & key levels to watch.
Potential scenarios.
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GBPNZD: Bearish Move From Key Level 🇬🇧🇳🇿
GBPNZD is trading in a strong bearish trend.
Recently we saw a correctional movement to a strong daily supply zone.
From that, I expect a bearish move to 1.9005 / 1.8955
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NZDCAD: Pullback Trade 🇳🇿🇨🇦
NZDCAD looks quite oversold:
the price formed and inverted head and shoulders pattern after a strong bearish move.
Its neckline breakout signifies a highly probable pullback.
Goal - 0.864
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GOLD (XAUUSD): Video Analysis; Your Trading Plan For This Week🥇
Multiple time frame analysis on Gold.
Price action & key levels.
Technical outlook and thoughts.
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CRUDE OIL (WTI) Time to Grow?!🛢
Hey traders,
As you know, WTI Crude Oil reached a strong trend line on a daily last week.
From that, I was looking for a confirmation to buy.
The trigger that I needed was a bullish breakout of a bullish flag pattern on 4H time frame.
Violation of its resistance signifies a highly probable bullish continuation.
Targets:
108.3
113.0
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PRICE ACTION TRADING | INVERTED HEAD & SHOULDERS PATTERN 🔰
Hey traders,
Inverted head and shoulders pattern is a classic reversal pattern.
It signifies the weakness of buyers in a bearish trend and a bullish accumulation.
⭐️The pattern has a very peculiar price action structure:
Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder),
then the market goes lower setting a new low but instead of setting a new lower high, the price returns back to the level of a previous lower high setting an equal high (head).
After that bears start pushing again but with an amplifying bullish pressure, the market sets a higher low and returns back to equal highs setting a new one (right shoulder).
🔔Equal highs form a horizontal structure called a neckline.
Once the pattern is formed it is still not a trend reversal predictor though.
The trigger that is applied to confirm a trend reversal is a bullish breakout of a neckline of the pattern.
📈Then a long position can be opened.
For conservative trading, a retest entry is suggested.
Safest stop is lying at least below the right shoulder.
However, in case the heights of the right shoulder and head are almost equal it is highly recommendable to set a stop loss below the head level.
🎯For targets look for the closest strong structure resistances.
What pattern do you want to learn in the next post?
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Price Action Trading Strategy Resistance level is at price 118.71. Bull candlestick closed above 118.71 price level. Resistance level is now support. Next, wait for a rejection candlestick or pin bar candlestick to retest support level at 118.71.
Enter a market execution order after the candlestick completely forms into a rejection candlestick or pin bar candlestick.
GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
GBPCHF has recently reached a key level.
On that, the price formed a double bottom formation.
Now we see its neckline breakout.
I expect a pullback to 1.215 / 1.2165 levels.
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CRUDE OIL (WTI) Important Structure to Watch 🛢
Hey traders,
Crude oil is very close to a major rising trend line on a daily.
From that we will look for buying opportunities.
To buy with a confirmation watch a bullish flag pattern on 4H time frame.
Your trigger to buy will be its bullish breakout.
Then buy aggressively or on a retest.
Local targets will be: 108.0 / 114.3
If the price breaks a trend line to the downside,
the setup will be invalid and then the market may drop lower.
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