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BluetonaFX - GBPUSD Descending Triangle SHORT IdeaHi Traders! GBPUSD is under serious pressure, and there is a possibility of price breaking below the four-month low. Price Action 📊 The market has reached the four-month low, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. Traders will be looking for positive statements from the Monetary Policy Summary later today.   Support 📉 1.23081: 4 MONTH LOW Resistance 📈 1.24216: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - EURGBP Ascending Triangle LONG IdeaHi Traders! There is an ascending triangle formation on EURGBP, and there is a possibility of a breakout to the upside. Price Action 📊 The market is in an ascending price channel with higher highs and higher lows since breaking above the 20 EMA, creating an ascending triangle pattern on the chart. We are looking for a resistance break and a close above the 0.87014 level. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low, whereas the market's outlook on the EUR has been recently positive, with the ECB recently raising interest rates by 25 basis points to 4.00%.   Support 📉 0.86604: PREVIOUS DAY'S LOW Resistance 📈 0.87014: TWO-MONTH HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
BluetonaFX - GBPAUD Triangle Break SHORT IdeaHi Traders! There is a triangle formation on GBPAUD, and we have possibility of a breakout to the downside. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a symmetrical triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.   Support 📉 1.90556: WEEKLY LOW Resistance 📈 1.92405: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺 Even though, EURAUD is trading in a long-term bullish trend, we can not deny the following bearish clues: First, the pair violated a support line of a rising parallel channel and closed below that on a daily. Second, the price formed a descending triangle formation and broke its neckline as well. We have 2 important bearish confirmations now. The market may easily drop lower. Targets - 1.640 / 1.628 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
Price Action and Trade Review for the DOW Jones IndexPrice action is key for understanding the major market bias and also for managing risk. On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades. In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for trades and the price action that led to trapped traders getting squeezed out of the action. *** Feel free to take a look at our profile page and Please Follow for more content *** *** Please Leave a Like and Comment if you enjoyed this video ***
CBOT_MINI:YM1!
by ReverseRetail
4 Classic Bullish Patterns EVERY TRADER Must Know In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument. 1️⃣Bullish Flag Pattern Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within. Bullish breakout of the resistance line of the channel is a strong bullish signal that can be applied for buying the market. Best entries should be placed immediately after a breakout or on a retest. Safest stop loss is below the lows of the flag. Target - the next key resistance. Here is the example of a bullish flag pattern that was formed on Gold on a 1H time frame. As you can see, after the breakout of the resistance of the flag, a strong bullish rally initiated. 2️⃣Ascending Triangle Such a pattern forms in a bullish trend on the top of the bullish impulse. The market starts consolidation, respecting the same highs and setting higher lows simultaneously. The equal highs compose a horizontal resistance that is called the neckline. Its breakout is an important sign of strength of the buyers. Buy the market aggressively after a violation, or set a buy limit order on a retest. Stop loss should lie at least below the last higher low within a triangle. Target - the next strong resistance. Take a look at that ascending triangle formation on EURUSD. Bullish breakout of its neckline was a perfect bullish signal. 3️⃣Falling Wedge That formation is very similar to a bullish flag pattern. The only difference is that the price action within the wedge is contracting so that the trend line of the wedge are getting closer to each other with time. Your signal to buy is a bullish breakout of the resistance of the wedge. Stop loss is strictly below its lows. Target - the next key resistance. GBPUSD formed a falling wedge on a 4H time frame, trading in a strong bullish trend. You can behold how nicely the price bounced after a breakout of its upper boundary. 4️⃣Horizontal Range Similarly to the ascending triangle, the horizontal range forms at the top of a bullish impulse in a bullish trend. The price starts consolidation, then, setting equal highs and equal lows that compose a horizontal channel. Breakout of the resistance of the range is a strong trend-following signal. Buy the market aggressively after a breakout or conservatively on a retest. Stop loss will lie below the lows of the range. Target - the next strong resistance. Dollar Index formed a horizontal range, trading in a strong bullish trend. Breakout of the resistance of the range triggered a bullish rally. The best part about these patterns is that they can be applied on any time frame. Whether you are a scalper, day trader or swing trader, you can rely on these formations and make consistent profits.
FOREXCOM:XAUUSDEducation
by VasilyTrader
10
BluetonaFX - EURGBP Triangle Break LONG IdeaHi Traders! There is a potential triangle break to the upside on the EURGBP 3H chart. The price action looks very bullish; we have highlighted the downside rejection candle to take it above the 20 EMA. The market has also been swinging higher with high lows and higher highs. We are looking for further momentum to take us above the resistance area around 0.86064 and 0.86110; we must break this area and stay above the 20 EMA to continue upwards. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
3
BluetonaFX - AUDUSD Looking For DirectionHi Traders, AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA. That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
AUDCHF: Swing Short Explained 🇦🇺🇨🇭 On the today's live stream, we discussed AUDCHF. The market is trading in a long term bearish trend. In the middle of August, the market started a correctional movement within a bearish flag pattern. After the price reached the confluence zone between a horizontal resistance and a falling trend line, the market dropped and violated a support line of the flag. It will most likely push the prices lower to 0.5626 - current low. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
8
EUR/USD 4H TF Analysis🇪🇺 EUR/USD 🇺🇸 🗣️EUR/USD analysis update - 4H Timeframe🗣️ Analyzing the EUR/USD currency pair chart is a fundamental skill for anyone interested in foreign exchange (Forex) trading or investing in the currency markets. The EUR/USD pairing is one of the most traded in the world, making it a prime choice for both beginners and experienced traders. This analysis serves as a foundation for understanding how to make informed decisions in the Forex market. As we have received many request regarding the technical analysis of this pair, Here we are going to analyze EUR/USD since 13 July 2023. And we hope to provide useful info for Educational and better future investing decisions. As you can see, after reaching the weekly supply zone, price has formed a distributing structure. And we can see a Wyckoff formed. And as a result of this structure and break of the SR line, there is a FTR formed and price has formed a downtrend after retesting this zone. Most of the SHORT positions which were set up at the FTR zone has successfully take their profit. Price has again engulfed the green zone and formed a new FTR which has been presented to you as a base structure on the chart. Overall, after a Drop Base Drop price has started a downtrend! Flag Limits of this structure are shown on the chart and price has first engulfed the bottom of the range which is a sign of possible future bottom break of this range. Also this engulfing as been along with break of the SR line. After reaching the higher of the range and hunting liquidities at this area, as per expected price has moved downward and by engulfing the Blue SR line it has formed a new FTR (Decision Point). *very important point for this currency*. Price had a pullback to this area and started moving downward to 1.076 area. (In higher time-frames we can see a QM formed at this stage) Price was supported at 1.076 and was pulled back to the FTR(decision point). We expected the price to be rejected from this zone and by touching the Midterm Trend-line (red line) price continued the downtrend to the 1.076 are again. As the result of all this we are expecting the price to move lower to the Weekly Demand zone at 1.063. 🎗 Trader ACE Academy 🎗
Short
by TraderAceAcademy
GOLD (XAUUSD): Important Resistance Ahead! Your Plan 🥇 GOLD is currently testing an important confluence zone based on a daily horizontal resistance and a falling trend line. Depending on the reaction of the price to that, I see 2 potential scenarios. Bearish To sell the market with a confirmation, watch a double top pattern on a 4H time frame. 1942 is its neckline. If the price breaks and closes below that, a bearish continuation will be expected to 1936 / 1931. Bullish Alternatively, bullish breakout of the underlined blue are and a daily candle close above that will be a strong bullish signal and the market will go much higher then. We are expecting important fundamentals today and tomorrow, the news can be the catalyst for breakout. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
2
USDJPY: Consolidation & The Next Bullish Move 🇺🇸🇯🇵 USDJPY is currently consolidating within a horizontal range. Taking into consideration the fact, that the pair is trading in a long-term bullish trend, probabilities are high that the market will resume the growth soon. Your confirmation will be a bullish breakout - a daily candle close above 146.6 - the upper boundary of the range. A bullish continuation will be expected to 148.0 level then. Alternatively, remember that the price may also drop from the underlined blue resistance and keep consolidating. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
EURGBP: Your Trading Plan For Today 🇪🇺🇬🇧 Update for EURGBP. Earlier, we spotted a confirmed breakout of a key daily support. The market is retesting the broken structure at the moment. The price formed a bearish flag pattern on a 4h time frame. Your confirmation to sell will be a breakout of its lower boundary - 4h candle close below a trend line will confirm a violation. A bearish continuation will be anticipated to 0.8515 support then. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3