BTCUSD Forecast: Swing Trade Set UpHey trader,
As you can see the price is currently bullish running above the head and shoulder patterns accumulation phase resistant, and above the 50 and bullish crossed short-term MAs.
It is preparing to rally for the patterns 3-level trend that will likely end on the 200 MA (that's visible on the MT4 chart). This bias has been confirmed by the bullish break and retest of the 2nd 4H Key Lvl together with the 50 and bullish crossed short-term MAs. However, this signal will be rejected once the price has bearishly broken and retested the 1st 4H Key Lvl together with the 50 and 21 MAs.
With that in mind, take the trade at your own risk. This is not financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you want to see more hit the like and follow buttons, then check the linked articles below.
Trade Safe,
Sphatrades.
Probablevspossible
EURUSD Forecast: Swing Trade IdeaHey trader.
As you can see the price is currently running in the double tops L1 and below the 50 and bearish crossed short-term MAs.
It is preparing to drop for the patterns L2 and L3 together for the 200 MA (that's visible on the MT4 chart). But the price will confirm that once it has bullishly spiked the Mini Daily H&S Neckline with a bearish candle close below the key level, 50 and 8 MAs (again). That will confirm both trade's biases.
However, if the price rallies to break and retest the 1st 4H Key Lvl and 21 MA, that will reject these trade ideas. With that in mind, DO NOT TAKE THE TRADES, because this isn't financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I don't mind you doing that - I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you have questions or would like to see more content like this one, check the listed articles below then hit the like button and drop your question. ;)
Trade Safe,
Sphatrades.
AUDUSD Forecast: Swing Trade IdeaHey trader,
As you can see the price is currently bearish running below the double tops L1, 50, and bearish crossed short-term MAs. It is expected to drop the patterns L2 & L3 together for the 200 MA (visible in my MT5 chart). But this bias will be fully confirmed once the price has bearishly closed and retested below the 1st 4H Key Lvl and 50 MA. If the price instead decides to dramatically bullish break and retest the 3rd Monthly Key Lvl and 21 MA, the signal will be rejected.
With that in mind, take the trade at your own risk, because this is not financial advice. I'm just sharing my point of view, which you also can do the same in the comments section below.
That's it for today. I hope you found value in this article. If you want to see more trade ideas and mindset tips, browse the articles listed below and hit the follow button to be notified whenever a new post has been published.
-Sphatrades.
BTCUSD Forecast: Day Trade Set UpHey trader,
As you can see the price is currently bullish running in the head and shoulder patterns accumulation phase, and above the 50 and bullish crossed short-term MAs. The pattern expects a 3-level uptrend, and the MAs expect a retest on the 200 MA (that's visible on the MT4 chart) as well as the short-term MA trend. This bias will be fully confirmed once the price has (1) bearish retested the 1H H&S Neckline and 8 MA with a bullish reversal candle pattern close, or after it has (2) bullish broke and retested the 4H Half a Bat Neckline. If it decides to bearish break and retests the 1st 4H Key Lvl together with the 50 and 21 MAs, our bias will be rejected.
With that in mind, do not take the trade because this is not financial advice. I'm just sharing my point of view. You also can do the same in the comments section below. I don't mind because I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you want to see more similar content, click the articles listed below.
Stay Profitable,
Sphatrades.
ETHUSD Forecast: Day trade set-upHey trader,
As you can the price is currently bullish running in the head and shoulders accumulation phase, and above the 50 and bullish crossed short-term MAs. The pattern expects a 3-level uptrend, and the MAs expect a retest/bounce on the 200 MA (that's visible on the MT4 chart) as well as the short-term MAs trend. This bias will be fully confirmed once the price has bullishly broken and retested the 1st 4H Key Lvl. If the price rather decides to dramatically bearish break and retest the Mini 4H Half a Bat Neckline together with the 50 and 21 MAs, our bias will be rejected.
With that in mind, do not take the trade because this is not financial advice. I'm just sharing my views. You also can do the same in the comments section below. I'd love to know your thoughts!
That's it for today. I hope you found value in this article. If you want to see more similar content, click the articles listed below.
Stay Profitable,
Sphatrades.
BTCUSD: Top-Down AnalysisHey trader,
Bitcoin has been behaving dramatically lately. It dropped from around $21,500 to $15,588.20 this week. Can't imagine how other investors are feeling right now...
For active traders, it's a different story. Because we can exploit long-term and short-term biases, like how we can now. As you can see on the chart above the price is slowly forming a bullish reversal pattern that will lead to a 3-level uptrend, after its price has bullishly broken and retested the 3rd Weekly Key Lvl together with the 50 and 8 MAs. However, it may reject that bias by bearish breaking and closing below the 4H Half a Bat Neckline.
This trade idea isn't derived from only this timeframe but from the 4-hour and daily timeframes. Let us move upwards to the 4-hour timeframe:
As you can see the price recently closed with a bullish reversal candle pattern in the half a bat patterns accumulation phase and in between the short-term MA's. This pattern expects an uptrend to its L1 and 50 MA as the first targets, which will be anticipated after the price has bearishly retested the 8 MA with a bullish candle formation. But if the price decides to bearish break and closes below the 8 MA and 4H Half a Bat Neckline, our bias will be rejected.
Now we move up to the daily, which is the main timeframe that led to this trade idea:
The price closed with a bullish reversal candle pattern in the half a bats accumulation phase, after bearish breaking without retesting the pattern's neckline, together with the 50 and short-term MA's. So having the price closed as it did, gives us a probability of the uptrend we're looking to hop on. But this will be rejected by a bearish reversal candle close below the 3rd Weekly Key Lvl.
With that said, take your trade at your own risk. This is not financial advice. I'm just sharing my point of view with you guys (which you can also do).
That's it for today. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts!
Trade Safe & Stay Blessed,
Sphatrades.
GBPUSD Forecast: Positive Correlation On G.U, E.U, and A.UHey trader,
As you can see, the price is bullish running in the mini head and shoulders L1 and above the 50 MA, and bullish crossed short-term MAs.
The pattern expects a 2-level uptrend, and the MAs are looking forward to retesting the 200 MA (that's visible on the MT4 chart). This bias has been fully confirmed by the bullish break and retest of the Mini Weekly Neckline, 50 and 8 MAs made by yesterday's candle. We'll get the second confirmation once the price has bullishly broken and retested the 1st Daily Key Lvl. If that happens, we'll be on a swing trade.
But we might be kicked out of it. The price may dramatically bearish break, close, and retest the Mini Weekly Neckline together with the 50 and 8 MAs, before triggering the 2nd trade. Which this will result in a loss, but only if we took the trade.
Oww, about that, do not take the trades because this is not financial advice. I'm just sharing my point of view which you also can do in the comments section below. If you do take the trades and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you want to see trade ideas that relate to this one (i.e. E.U and A.U), check the linked articles below.
Trade Safe & Stay Blessed,
Sphatrades.
EURUSD Forecast: Price Is Rallying To 1.04389Hey trade,
As you can see the price is currently running in the half a bat patterns L2. Above the 50 and bullish crossed short-term MA's. Preparing to rally for the patterns L3 together for the 200 MA (that's visible on the MT4 chart). This has been confirmed by the bullish break, close, and retest made above the Mini Weekly Neckline, 50 and 8 MAs. But, the price could reject the signal, then drop instead.
That will be confirmed once the price has bearishly broke and retested the Monthly Neckline 1 together with the 50 and 21 MAs. With that in mind, do not take the trades, because this is not financial advice. It's just my point of view.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below.
But if you want to see more similar articles, check the listed ones below, then hit the follow button to be the first to be updated with new trade ideas and mindset tips!
Trade Safe and Stay Blessed Baby,
Sphatrades.
ETHEREUM Is Confused...But The Price May Rally.Hey trader, I hope you're having a profitable week and ready for NFP!
As you can see, the price is bullish running in the double bottoms L2 and above the bullish crossed short-term MA's. It is preparing to rally for the patterns L3 and 200 MA (that is not visible here but on my MT4 chart). We'll get the confirmation once the price has bullishly closed and retested above the Daily H&S Neckline and 8 MA. However, our signal can be rejected because the price previously bullish broke and didn't retest the 1st Monthly Key Lvl, Mini Weekly H&S Neckline together with the 50 and 21 MA's; which gives us a bearish target that the price might anticipate.
With that in mind, take the trades at your own risk. This is not financial advice; I'm just sharing my point of view. If you decide to take the trade and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below or in private, I'd love to know your thoughts and connect ;-)
Stay Blessed Baby,
Sphatrades.
I Thought That Will Happen, But This Happened :-( Hey trader, I hope you're having a profitable week!
I thought that the price was ready to rally for the rest of the year, but I was wrong. The monthly and weekly timeframes weren't fully ready, especially the weekly timeframe. It only gave me a market-maker pattern signal and not the short-term MAs one. A retest with a bullish reversal candle close is expected on the 8 MA to fully confirm the MAs signal and rally. I think that's why the price decided to start forming a bearish reversal candle pattern, which is rejecting the buy trade I had taken last week. Aside from what's happening in the weekly, the monthly timeframe signal is still intact. Everything is aligned according to the strategy rules. So we'll likely see the price rally as anticipated after the weekly counter-trend.
The weekly counter-trend is triggering a swing signal that we can likely profit from. The price is in a bearish reversal candle formation on the weekly timeframe. The price is running below the newly formed bearish half-a-bat pattern (which confirms the weekly's bearish reversal candle pattern) that's running below its neckline and in between the short-term MA's in the daily timeframe. The price is bearish running in the mini half a bat L2 as well as below the 50 and bearish crossed short-term MA's in the 4 Hour (current) timeframe. All 3 timeframes are telling each other to drop for the weekly 8 MA retest. But, they haven't fully confirmed that bias and it can be rejected.
Monthly Chart:
Weekly Chart:
Daily Chart:
With that in mind, do not take the trade because this isn't financial advice. I'm just sharing my views. If you take the trade and lose money, do not blame me but yourself!
That's it for today. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts. Or, if you want to see ideas that link to this one, simply click the ones that are embedded in the Link to Related Ideas tab.
Stay Blessed Baby,
Sphatrades.
3...2...1...GO!Hey trader, I hope you're having a profitable week!
As you can see the price is currently running in the mini head and shoulder patterns L1 and above the 50 and 8 MA. The pattern expects an uptrend for the L2 and L3 formations. We'll get our signal (that will lead to the rally) after the price has closed with a bullish candle above the Mini Weekly Neckline/2nd Daily Key Lvl, 50 and 8 MAs. But if it decides to bearish break and closes below the Monthly Neckline 4 and 21 MA, our bias will be rejected. With that in mind, do not take the trade because this isn't financial advice, I'm just expressing my thoughts about the current market condition. If you decide to take the trade and lose, don't blame me but yourself.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts. Or, if you want to see more ideas that relate to this one, simply click on the articles listed below. (specifically the recent articles on BTCUSD and EURUSD; they are behaving like this currency pair).
Stay Blessed Baby,
Sphatrades.
What A Promising Start To NovemberHey trade, I hope you're having a profitable week!
As you can see the price is currently bullish running in the half-a-bat patterns L2 and above the 50 and 8 MA. It is preparing to trigger a trend-continuation signal that will lead the patterns price to reach its L3. We'll get that confirmation once the price has closed with a bullish candle. But if it decided to re-bearish break and close below the Monthly Neckline 1 and 21 MA, our bias will be rejected. With that in mind, do not take the trade because this isn't financial advice. I'm just sharing my ideas with you, and you can do the same by commenting below.
That's it for today. I hope you found value in this article. If you have a different concept in mind, don't hesitate to share it in the comments, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
BTCUSD Rally Coming UpHey trader, I hope you having a profitable week.
As you can see the price is currently running in the double bottoms L1 and above the 50 and 8 MAs. It is getting ready to continue to rally for the double bottoms L2 and L3. But it will confirm that once the price has closed with a bullish candle.
This signal isn't derived from the daily timeframe only but from the weekly and monthly timeframes. The price closed with a bullish reversal candle pattern in the monthly double top accumulation phase, facing the 50 and 8 MAs that expect retests. Then on the weekly, the price formed a double bottom that has its current price running/retesting above the neckline and in between the short-term MAs, getting ready to rally for its 3-level uptrend.
So basically all the timeframes are looking to push the price up. However, that might not happen. With that in mind, do not take the trade because this isn't financial advice. I'm just sharing my thoughts with you. If you decide to take the trade and lose, don't blame me but yourself.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Maybe This Will Turn Out GoodHey trader, I hope you had a fantastic weekend.
The daily price has closed with a bearish reversal candle pattern, getting ready to counter-trend to the 8 MA before continuing the uptrend we're in. The 4-hour price formed a double top that has its current price bearish running in the accumulation phase and in between the short-term MA's, confirming the daily timeframes bias. The 1-hour price is bearish running in the mini head and shoulder patterns accumulation phase, below its neckline, 50 MA, and bearish crossed short-term MA's. All that signals a bearish drop to the Daily H&S Neckline 2 where the daily timeframe target resides.
That's it for today. I hope you found value in this article; if you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
I Am About To Make Your Day...(I think)Hey trader, I hope you're having a profitable week. ;)
If not, maybe you'll have one with this trade. But before taking it, let me explain how it will unfold.
The price will prepare to drop for the take profit point after it has formed a bearish reversal pattern that guides the price to break and retests its neckline and 8 MA. That's it. Simple, right? Wrong. Because the daily and 4 Hour timeframes had to behave in a certain way before deciding to look for an entry signal on the 1 hour timeframe. Our entry signal can be rejected before or after taking the trade. That will happen if the price bullish breaks and closes above our stop loss key level. With that said, take the trade at your own risk. I'm just sharing my trading journey in this platform. I'm not a financial advisor nor a signal provider.
That's for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Are You Seeing What I'm Seeing?Hey trader, I hope you're having a profitable week ;)
The price is currently running in the bearish H&S L2 as well as below the 50 and bearish crossed short-term MA's. Usually when the price is in a patterns L2, it drops (or rallies) for the L3 after closing with a reversal candle pattern or breaking and retesting the levels support/resistant. But for that to happen, the short-term MA's must be crossed in direction of the market maker patterns trend. So in this situation, both the pattern and MA's are supporting a bearish trend. But it may not occur. The price will reject the drop after it has bullish broke and retested the 3rd Monthly Key and 8 MA or the first trades stop loss key level. With that said, enter these trades at your own risk!
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
EURUSD Forecast: Price is reversing after the long dropHey trader, I hope you're having a profitable week!
As you can see, the price is in a bullish uptrend that's trying to form the double bottoms 2nd leg. This reversal pattern usually triggers a 3-level uptrend. In this case, it will do so once the price has bullish broke and retested the patterns neckline (Mini Weekly Neckline) together with the 50 and bullish crossed short-term MA's. If that happens, the drop we've been seeing on the weekly and monthly timeframes will start to be recovered. But that might not happen. If the price bounces off the patterns neckline and 50 MA with a bearish reversal pattern that leads its price to bearish break and retest the bearish crossed short-term MA's, a downtrend will occur.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Blue Monday Coming Up...(I think)Hey trader, I hope you had a fantastic weekend ;)
The price seems to want to rally. It formed a bullish head and shoulder pattern that led it to bullish break and retest its neckline together with the 50 and bullish crossed short-term MA's. This signals an upcoming 3-level uptrend to the last take profit point that forms part of one of the high timeframe targets. However, the price might not rally as anticipated. It may drop to the first trades stop loss key level, before or after triggering the trades. With that said, take these trades at your own risk!
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Easy Pizzy, Lemon Squezzy...Hey trader, I hope you having a profitable week. If not, try this:
But first, let me explain how these trades will be triggered. If the price bearish bounces of the 1st 4H Key Lvl and 8 MA with a bullish reversal candle pattern (1st trade) then proceeds to bullish break and retest the 4H H&S Neckline and 2nd 4H Key Lvl (2nd & 3rd trade); according to the 4 hour: the price would be in prep to rally for the H&S L1 and 200 MA; and according to the daily: the price would be bouncing off the 21/8 MA’s with a bullish candle - in prep to rally for the double bottoms neckline and 50 MA, so once that happens, then I should BUY→ E.1 - E.2 - E.3
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Take The Risk Or Lose The ChanceHey trader, I hope you having a profitable week. If not, try this:
But first, let me explain how these trades will be triggered. If the price bearish retests the 4H Half a Bat Neckline, 50 and 8 MA’s with a bullish reversal candle close (1st trade), then proceeds to bullish breaking and retesting the 1st 4H Key Lvl and 4H Neckline (2nd and 3rd trades); according to the 4 hour: the price would be in prep to rally for the half a bats 3-level trend together for the 200 MA; and according to the daily: the price would’ve probably closed and retested above the Mini Daily Half a Bat Neckline and 8 MA to bullish running above the 21 MA - in prep to rally for the 1st Monthyl Key Lvl and 50 MA, so once that happens, then I should BUY! → E.1 - E.2 - E.3
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Extra Cash For Christmas HolidayHey trader, I hope you having a profitable week. If not, try this:
But first, let me explain how these trades will be triggered. If the price bearish bounces off the 4H Half a Bat Neckline, 50 and short-term MA’s with a bullish reversal candle close (1st trade signal), then proceeds to bullish break and retest the (Possible) 4H H&S Neckline (2nd trade signal); according to the 4 Hour: the price would be or have formed a head and shoulde pattern and in prep to rally for its 3-level trend; and according to the daily: the price would be bouncing off the 50 and 8 MA’s - in prep to rally for the double bottoms L1, so once that hapens, then I should BUY → E.1 - E.2
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
AUDUSD Forecast: The extended move has ended. Hey trader, I hope you having a profitable week!
The price is about to complete the bearish head and shoulders extended move. It will confirm that after it has closed with a bullish reversal candle pattern that will probably bounce off the Mini Weekly Neckline. The reversal candle pattern may lead to a bullish reversal pattern formation that will start an uptrend probably after its price has bullish broke and retested the 2nd Monthly Key Lvl and 8 MA. If the price bounces off those key levels with a bearish reversal pattern (or candle pattern) after forming the bullish reversal patter, we further drop may to the Monthly H&S Neckline may occur.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
XRPUSD Forecast: The price will drop before rallyingHey traders, I hope y'all had a fantastic weekend.
The price seems to be preparing to form a bearish half a bat pattern. It will drop for the patterns trend together for the 21 and 50 MA's after it has bearish broke and retested the Monthly Neckline 3 and 8 MA. But if the price bounces off those key levels with a bullish reversal candle pattern close, a bullish uptrend will likely occur.
That's it for today. I hope you found this article valuable. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know you thoughts!
Stay Blessed,
Sphatrades.