First Shark Complete! 🦈🦈USDCAD - Nice looking shark here, completed at the .886 but stayed within the downtrend structure.
Price is currently ranging but is looking like its going to breakout towards the first profit target the 0.382 (Which is again a very strong demand zone)
Here I will also look to take buys if it reaches this level and we get LTF entry confirmation, and if price breaches/retests ill be looking to add more orders in down to the 1.13 D point.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Rangingmarket
GBP / JPY 156.968 +0.38 % SHORT IDEA * TREND CONTINUATION & STRUHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND / YEN PAIR.
here's where we where upon open yesterday
* The PAIR has formed a descending channel in a bullish rally to the upside respecting this structure.
- Short term the pair has currently entered some consolidation as WE break below on the 4h chart as it couldn't break previous high.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
When will FCPO STOP Ranging 4750-5220?Palm oil markets has been ranging between 4750-5220 since Oct 2021, topics remained hot within the palm oil industry including
1. labor force shortage,
2. global supply and demand concerns amid resurgence in COVID-19 cases especially in Europe.
Uncertainty in
3. related edible oil due to weather concerns and
4. OPEC+ decisions to maintains its output
which continued to serve support in palm oil industry.
Furthermore,
5. dollar strengthened helped to made palm oil prices more attractive compare to other vegetables oils.
Palm oil market likely to continue maintain its ranging until weightage in issues mentioned above showed unbalance.
Trading Strategies remained neutral, or you may initiate ranging trading strategies.
Long when near support 4750-4850
Short when near resistance 5100- 5220
Good Luck & Happy Trading.
Cheers
GBPUSD-Weekly Market Analysis-Sep21,Wk1It's sad to miss 130pips worth of profits which translate to $1,300USD/lot trade on the Bullish Bat Pattern I've shared on last Monday, which some of you have received that information even the day before the market open.
Well, I don't want you to jump into all the trade ideas I've shared but rather to read them, analyse them and make your own judgement call. There is an emerging bearish crab pattern on the GBPUSD 4-hourly chart as we are speaking.
On the 1hourly chart, the flag pattern doesn't hold as nicely as its distant relative, EURUSD. I've included its chart within the tradingview link of this post to save you time in searching for it.
From the flag pattern, GBPUSD has transformed into a nightmare of many proficient traders, the sideway increase volatility. And because they have experience in the market, most of them is going to let this set-up slide, because 9/10 times the market isn't going to respect the trendline, sometimes it went beyond it sometimes it doesn't even touch it and its reverses.
From this you can imagine how frustrating it can be.
Not for me. I will observe how the market move and should this be the 1 time that it works, it can bring a fantastic Reward:Risk.
RANGING MARKET STRUCTUREFX:EURAUD
This is the Old Chart of EurAud, this the example of ranging market, it happened from june to october 2020
ranging market usually find on transition between different trend structure. There are 3 reversal pattern failed before the market change the trend.
you must be extra careful in this type of market structure. and this structure can be last for months
💥KAVAUSD - THE BEST COIN TO BUY (82%-143% ROI)🤔Current price of KAVA is $4, when it moves to the resistance level at $7.30, that equates to 82% ROI. If it moves from $3 to $7.30, then we have 143%.
Right now, KAVA market is ranging between $3 and $1.73. Price is currently making an effort to rise back to $1.73 but there is resistance ahead of it represented with the blue trendine.
If price break this trendline, then the first green arrow takes us to $7.3, then you will make 82% ROI if you buy at $4
But if price is unable to break the blue resistance trendine upward, then the second green arrow takes us to $3 for another buy opportunity to $7.30 with the 3rd green arrow which equates to 143% ROI if you buy at $3
Read it all over again for better understanding.
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💥BNBUSD 15minT - TO LONG TO $377As we can all see, BNB is consolidating within $364 and $377 (a good opportunity to scalp).
If price break the trendline ahead of it upward, then we go long to $377 but if it doesn't, price will fall back to $364 and then rise back to $377.
What do you think?
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Rangling Market with a Good Clear Sign It's very simple in this case, the market is ranging from supply and demand for some time now, and history tends to repeat.
We are going short from the supply to aim for the demand but there is a good chance, price will shoot back up after reaching half our target because overall, the daily structure just hit the support below, so we need to be cautious once we see the price moving, stop loss to entry people.
Good luck with the trade.
EURUSD: Weekly Forecast 20210606EURUSD had a breakdown as it broke below the bottom of a 2-month rising channel.
The price managed to recover some losses on Friday amid weaker than expected NFP but stayed resisted right at a neckline at 1.2170.
EURUSD is now expected to stay in a ranging mode and since the price is now at a high coupled with a breakdown, we are expecting more downward movement in the coming week.
This week, we will look for selling opportunities around 1.2170 and targeting 1.20, the equilibrium level of the current range.
💥GBPAUD - LONG TO 1.86300 OR SHORT TO 1.77401As we can see on the chart, the market is ranging i.e. the market is in consolidation. Price just hit the supply zone within (1.84105 - 1.85300).
Therefore, price can break the supply zone upward to 1.8630 or fall back to the demand zone.
We need the present daily candle to close with a reversal candle or continuation candle to confirm whether it's good to buy or sell.
What do you think?
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Not Financial Advice💸
Use Proper Risk Management💹
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CADJPY: Do you wanna dance with the devil?This is a simple one - a structure zone on CADJPY 3-DAY time frame.
Some say the more times price hits a zone like this the greater the probability of a breakthrough. That's generally true. The trouble is that no one knows how many hits are necessary.
I previously showed that CADNOK remained contained for 4.6 years.
To be clear, I am not saying CADJPY will take that long. I don't know how long it will take to push north. But this sort of structure zones on these macro-timeframes have a habit of retreating for a bit. What that means is that there is potential opportunity on much smaller time frames e.g. 15 to 30 min
Methinks the job of sound traders is to always look far higher and far lower. It's about 90% vigilance and 10% trading - or something like that.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
DOGE will go up just have to be patient April 27 2021
I believe DOGE is in a ranging area right now, most people have to realize the market have to consolidate and that's what I think DOGE is doing.
Also DOGE already did some thing like this when price was at .04 area, it consolidated then rose up(the market like to repeat it self)
This is my Analysis and this is what I think it will do
DOGE to the moon!!!
FLMUSD - LONG TO $1.12 IN TWO DAYS🚀🚀FLMUSDT BUY/LONG
Zoom in🔍
Study the chart
Follow the Green arrow
For Spot and Futures Traders
Entry - $0.714
Tp1 - $0.9
Tp2 - $1.1
Tp3 - $1.2
Stop loss - $0.5350
Choose your leverage
As we can see on the chart, FLM is consolidating/ranging. Price was unable to break the demand zone, downward. Also price is about to break the symmetrical triangle upward.
If the breakout is successful, I expect price to reach my target at $1.120 in 2-7days
What do you think?
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VENUS BREAKOUT - LONG TO $65, THEN $90Here is a descending triangle breakout confirming a buy setup. Also, this is a bullish triple bottom pattern giving same signal.
Therefore, I expect price to go long to $65 first, then $90 which equates to 100% return on investment. Fund me so that I can investment too😩
The yellow horizontal lines are the major support and resistance levels price may encounter when moving in a trend.
What do you think?
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XLMUSDT - SHORT TO $0.38700, THEN LONG TO $0.43000As seen on the chat, price is ranging. Therefore, I expect price to sell to $0.38700, then go long to $0.43000.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
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Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
BE OPTIMIST AND FOLLOW PRICE ACTION - CARDANO- ADA/BUSD - DAILYThanks for your likes and comment! Really appreciate!
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Stay optimist on this project but beware, everything is possible as competitors are working hard and it is up to the crowd to support on or another.
Cardano ADA price has decreased after a huge run in the long direction.
This month is very important for the Cardano project (fundamental analysis side).
As we stay focused on the graphical analysis we can see that a range is probably defined now with a strong sqeeze up some others down.
The green rectangles are probable good price levels to enter long.
While red rectangles define zones which probably tend to be more short entries ones.
Specially that you can see that the up trending black line shows a potential '"normal" road for the ADA price if there hasn't been all that maze happening the past two months.
Very high probability to see the price fall if in breaks that black trending line.
The grey rectangle, on the upper side, is a probable waiting zone, strong pullback probability as the price seems to enter in a ranging "mode". If strong volumes follow the break of that zone, a consolidation above the past squeeze of buyer will probably be the start or a super run above $2.
The market could anytime push strongly up but it seems to be consolidating the price just above $1 before next event. Keep in mind that developers follow their plan and exchanges choose yes or not to list the tokens... follow my eyes: "Coinbase" …
For the moment, as since the start of this "Crazy 2021" year, we stay optimist, keep in mind the probable zones of price action and probably look for long entry opportunities.
CHF/JPY SELLCHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure.
I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area .
Therefore continuing with the ranging market structure .
Adding on to the confluence , I see a potential double top forming near the key resistance area which indicates the reversal (sell) in the price .
This is shown by the Orange path drawn