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Reversalpattern

USDJPY | Perspective for the new week | follow-up detailsThis is a follow-up video to my previous analysis on the USDJPY and on the back of a profitable week on this pair (see link below for reference purposes), we are at equilibrium as the current structure has both a strong bullish and bearish expectation at the same time. The U.S. dollar showed traces of weakness on Friday as fears that the U.S. economy was heading toward recession mounted, ahead of next week’s Federal Reserve meeting. In this regard, I was able to share in this video how we can position ourselves to take advantage of any of these potential opportunities during the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
8
AMC: Triggered our REVERSAL SIGN! What’s next?• In our last analysis, we nailed the top on AMC, as it triggered its key reversal points. In addition, it is way below our original target – the link to my previous public analysis is below this idea; • Now, AMC lost our first target (21 ema, daily chart), and it ignored all of its retracements, including the 61.8%, the last mid-term support level; • Is there any bullish reaction on AMC? Not at all. What’s more, even if it reacts, the 21 ema and the black line at $6.80 are key resistances, and AMC could just bounce to this level to drop again afterwards, since there’s no clear bullish reversal structure on it; • The next support is at $5.05, and if we don’t see any meaningful bullish bottom sign, that’s where we are heading to; • What kind of bullish reaction on AMC could make it bounce again? If it does a bullish candlestick closing above the previous day’s high. This would be a good start. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
1
GBPUSD | Perspective for the new week | Follow-upDespite a strong bullish trait that started the month of November 2022, the Pound has a tendency to spark further weakness following an upbeat US NFP report on Friday as price action retest a strong selling niche at the $1.23000 zone. In this video, we looked at the chart from a technical perspective where much emphasis was laid on the selling pressure identified below the 1.23000 level on the lower timeframe and as a result of this, we're able to illustrate possible structures to look out for in the new week to take advantage of a trading opportunity. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
4
XAUUSD | New perspective | follow-up detailsFollowing the upbeat on the back of the November jobs report, the price of the yellow metal appears to be stalling at the key level of $1,800. Technically, signs of buying exhaustion continue as selling pressure are observed below the $1,805/1,800 zone towards the end of last week's trading session. In this video, we looked at the chart from a technical standpoint where we were able to figure out set-ups to look out for to either buy or sell the Gold in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
4
GBPUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
EURUSD | Perspective for the new week | Follow-up detailsThe prospect of the Federal Reserve moderating the pace of its policy tightening appear to weigh in on the U.S. currency as price action broke out of the $1.0000 mark a couple of weeks ago. However, sellers appear to be stalling all buying attempts as the $1.04500 level became a strong resistance area for sellers in the last two weeks hereby limiting all bullish attempts around this zone. In this video, I have explained what to look out for in the new week for both buying and selling opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
USDCAD |New perspectiveThe USD/CAD appears to be doing a recovery from the weekly low as the price bounces off the key level identified on the daily timeframe around the C$1.32000 area. So, I have identified two key levels which we shall be using as a yardstick for trading activities in the new week, and these levels are situated at C$1.32000 and C$1.3500. The coming week is laced with major market-moving economic releases, both from the US and Canada; the fundamental backdrop from these events will be anticipated by participants in this market as the price remains within a critical juncture above the C$1.32000 level and hence warrants some detailed understanding of the current structure before positioning ourselves for any trading opportunity. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
3
XAUUSD | New perspective | follow-up detailsI have been trying to upload the video here but due to unknown reasons, I can't. Feel free to watch the full video tutorial on my youtub channel and I promise to drop the update/daily commentaries here as usual... Good night. The insistence that higher interest rates will be the only way for the Federal Reserve to effectively bring inflation back to its 2% target appears to knock down the price of gold as selling pressure was sighted right below the $1,786 level. Price fell by $20 last week and from a technical standpoint, the appearance of a reversal pattern after the end of last week's trading session is a sign that we might be in for a retracement phase in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSDShort
by darcsherry
2
GBPUSD | Perspective for the new week | Follow-upThe US Dollar still portray the tendency of heading for some gain in the new week as Federal Reserve pushed back on market expectations for an early end to the aggressive interest rate hikes to combat inflation. From a technical standpoint, the consolidation phase characterized majorly by selling pressure from the $1.19700 area during last week's trading session might continue this week as a retracement into the either the trendline or $1.14000 area in anticipation of a continued bullish momentum is a strong possibility. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
3
EURUSD | Perspective for the new week | Follow-up detailsIt was was a choppy situation for the EURUSD as price action was caught within a channel between the 1.04450 and 1.03150 level through out the course of last week's trading session. The bullish momentum that started two weeks ago was strongly resisted by sellers around the 1.03750 - a level that shares a confluence with the bearish trendline on the daily time frame. All bullish attempt at this juncture in the market appear to be negated by the bears as I am of the opinion that we might be witnessing a breakdown of the 1.03150 level to signal a retracement phase in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
USDJPY | Perspective for the new week | follow-up detailsUSDJPY continues to look for a support level as the price plunges to close the week at approximately a 5% loss for the Greenback. Attention will remain on the Retail Sales event as participants in this market will anticipate how price action will react to this high-impact event. From a technical standpoint, the price is at a critical level as it tests the trendline that has been guiding bullish momentum since the beginning of the year. So, patience is needed at beginning of the week as we need to see how price relates to this area before making an informed decision. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
CHZ Falling Wedge and Head and Shoulders Reversal Patterns CHZ has fallen like everything else, however is showing some very nice bullish reversal patterns. We seemed to have hopefully created a bottom and broken out of the Falling Wedge pattern it has been in since 09/21ish. Also created a very clean Head and Shoulders Pattern, if it breaks above the neckline of $0.297 and BTC behaves we could see some very nice gains. 3 possible targets on chart. RSI was rejected coming down and shot back up above midway line. MACD looking good.
Long
by mickey9278
4
XAUUSD | New perspective | follow-up detailsYellow metal witnessed its strongest week in the last year to set a bullish tone for the coming week. However, it is worth noting that coupled with the fact that price action is within a long-term bearish momentum, the price is still trading below the $1,800 level - a level that was broken to the downside by sellers in July. Judging by what has been happening around the $1,625 in the last month, the bulls have been waiting for this week for a long time and the negative CPI data last week displayed a significant opportunity to take advantage of a weaker US Dollar. From a technical standpoint, we want to be patient and see how price action will relate to the $1,800 level in the coming week before making an informed decision. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSD
by darcsherry
2
AUDUSD | New perspectiveBuoyed by a weak US dollar, the Australian Dollar keeps rallying to close the week on a bullish tone. Going into the new, all eyes shall be on the RBA meeting minutes, Unemployment Rate, and Employment change to decipher if a breakout of the 0.67000 level will happen or not. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
GBPUSD | Perspective for the new week | Follow-upThe Pound appreciates to fresh new highs as price tested the $1.1800 area at the end of last week's trading session. Despite the UK Gross Domestic Product exhibiting a 0.2% contraction, the Pound was still able to rally approximately 5% growth in a week and this could be a result of the US CPI which slowed down to a 7.7% yearly rate in October - not too good figures for the Greenback. From a technical standpoint, we are at a critical point in the market as price action seats at the key level at the $1.1800 level; an area where we shall be waiting for signals to help make an informed decision. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
XAUUSD | Perspective for the new week | Follow-up detailsDest the long-term bearish momentum on the XAUUSD, the $1,620 level has continued to hold buying pressure in the last couple of months to insinuate the possibility of a momentum shift in the nearest future. The US Dollar plunged on Friday despite the United States adding 261,000 jobs last month in its October non-farm payrolls report and from a technical standpoint this might not be a good sign for the Greenback. However, it is important that we keep our options open as the need to see how price action relates to the $1,680 level in the early hours of the new week might be a major determinant of where the price will be heading this week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
2
GBPUSD | Perspective for the new week | Follow-upThe breakdown of both the key level at 1.14000 level and the bullish trendline during the course of last week's trading session might be a sign that the sellers still have a say in this market. Though, the Pound rallies 1.9% on the last day to close the week near 1.1400, with this development I am of the opinion that we remain patient to see how the price will be relating to this current structure before making an informed decision. There is also a high-impact event coming up later in the new week hence the need to see how participants will anticipate this event is very important. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
AAPL: We nailed the bottom! How to proceed?• AAPL is doing exactly as we expected since our last analysis on it, and it is bouncing just after it hit a clear support level (the link to my last analysis is below this post, as usual); • Although this movement was pretty obvious, we can’t say this bounce will become a reversal structure yet – it is too soon; • However, AAPL has more upside, as the last gap is a technical target. The problem is that AAPL is having a hard time around the 21 ema in the 1h chart; • By breaking this 21 ema, AAPL might finally turn bullish again. On the other hand, by losing the previous day's low, it might frustrate the bullish bias; • In the daily chart, the 21 ema is very close to the gap area, making this point a dual-resistance level on AAPL; • Let’s follow it closely from here. Remember to follow me to keep in touch with my analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
USOil | New perspective for the week | Follow-up detailThis is a follow-up detail to my previous analysis of this commodity where we closed the week with approximately 200pips profit. Oil prices plunged about 1% on Friday after top crude oil importer China widened its COVID-19 curbs, though the price of oil rose during the course of last week's trading session after a significant breakout of the much anticipated $86.00 level to set the tone for a bullish momentum in the coming week(s). Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOTLong
by darcsherry
1
XAUUSD | Perspective for the new week | Follow-up detailsAfter scooping over 5,000 pips profit from last week's trading, the price is at a critical level as we witness buying pressure around the $1,640 level during the latter part of last week's trading session to insinuate a potential bullish momentum. In anticipation of a week laced with many high-impact events, the price of Gold price slid and extends its losses and from a fundamental perspective, this could be connected to the high US inflation. So from a technical standpoint, this video illustrates the two possible scenarios we want to be looking out for in the new to take advantage of a trading opportunity. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
1