H4 - Price is bouncing lower from a strong resistance zone. Bearish convergence. Uptrend line breakout. Until the strong resistance zone holds my short term view remains bearish here.
Hello traders, As you can see in my previous post the resistance level reached and profit target hit. Now again short selling opportunity on the horizon. Wait for the OANDA:AUDCAD to close below stable support (0.91200-0.91500) and test resistance before opening short position. Avoid long position due to downward trend and high supply. Thanks &...
Today's potential trades for #XAUUSD 📈Potential Buys on close above 1818.850 📉Potential Sells on close below 1814.000 Happy trading all & good luck!
A potential 30pips trading opportunity with a single target 🎯. Would you take it? I don't usually trade this type of setup. It is ranked class C trade, because my final target doesn't produce a profit factor of 2. Decision would be made at 6pm(JST)
This is the kind of trading setup that I used to shout! FREE MONEY!! It's a sideways bounce formation; as the name implies, I expect the market to bounce between the two zones, the red and blue zones. The profits are pretty good, given that it is a 15mins chart, it produces a potential of 56pips(approx 560usd/lot). With that, risk management is essential. Don't...
JSE:CFR has reached a previous resistance level. The run up has been impressive; ideally I would like to see a brief consolidation before a breakout but we gotta respond to price action not to our wishes. Price action pays.
An AB=CD pattern setup could be used in this manner too. I'm waiting for a shorting opportunity at 167.03. Aggressive traders could consider an instant shorting opportunity the moment when the market opens, whereas conservative traders could wait for a double top with rsi divergence to engage the trade.
Primary Chart: Two Downward Trendlines, Fibonacci Levels, Major Resistance Zone and Anchored VWAP from October 13 Low Early bears jumping in to short NVDA last week were punished when NVDA's apparent breakdown failed. NVDA broke decisively below key Fibonacci support as well as an upward TL off the YTD lows from mid-October 2022. But then this breakdown utterly...
BTCUSDT , We still have 8hrs untill the Day candle close. If the candlestick close above 19500, we can expect some pump coming. but if the candle close below 19500. we now can entry a short position. Whats your thoughts then? If you found this idea helpful please boost and follow. thank you! :D
On the 4-hourly chart, we have a retest at the resistance level with an RSI Divergence. The strategy that I plan to involve myself with in the trade is through the Bearish Shark Pattern setup that completes at 1.8065. I've taken this trade with an aggressive approach. Trade engaged at 1.8040.
If you are waiting for the more conservative approach to short the USDCAD, you might have to wait for a break and close below the rising trendline(red). Aggressive traders observe how the candles react at the trendline. A break and close below is what you need
Primary Chart: Fibonacci Levels, Symmetrical Triangle Broken in September 2021, Anchored VWAP , and Downtrend Line On September 21, 2022, SPX's had a breakout to the downside from a multi-month symmetrical triangle pattern. This pattern was discussed in a post prior to the breakout. But when price breaks out of technical patterns, price sometimes tends to...
Normally I won't be trading the abcd pattern on the 15-minute timeframe, but in this case, the candlestick completion zone is at 82.60, which is the previous structure resistance, see that? That is when we need to be flexible in our analysis.
82.16 is an important level of NZDJPY on the daily chart; that's the support level of the Bullish Flag setup. While some traders are non-believer of the Flag Pattern, 82.88 provide a good level for the trend traders to head in for a shorting opportunity in advance of the move.
GBPUSD is on a bearish trend; you may wonder if GBPUSD will hit parity with the dollar. The next level of support is at 1.0554, the market has to break and close beyond the level before we talk about Pound Parity with the US. The immediate resistance level that I'm waiting for a shorting opportunity is at 1.1212.
GBPJPY on the 1hourly chart at structure; any plans you have, traders? Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
OANDA:EURCAD Hello folks!!!, This is my analysis brought to you after deeply analyzing the EUR/CAD Forex pair from a technical, trend and fundamental perspective: Pivot point : 1.3138 Stop loss : 1.3175 Take profit : 1.2914 Entry Price : 1.3110 Risk/Reward Ratio : 1:3.7 If this post was useful to you, do not forget to like and comment.❤️ Trade...
Possible resistance breakout and trend reversal! Looks like construction material stocks are booming and it is time for Birlacorp now! Staytuned!