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Reversalpattern

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
AUDUSD | New perspectiveThe U.S. dollar appears to be handing back some of its gains as buying traction was predominant during the course of last week's trading session. It is also worth noting here that the Dollar Index, which tracks the Greenback against a basket of major currencies fell by 0.1% to suggest the possibility of a retracement in the nearest future. Will the breakout of the $0.66300 turn out to be bullish for the new 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.
Long
by darcsherry
XAGUSD | New perspective With the identification of a reversal pattern above a strong demand zone in the 4H timeframe, I am of the opinion that we might be witnessing buying traction during the course of the new week's trading session. 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:XAGUSDLong
by darcsherry
[Bitcoin] End of bear market (important update)Finally I think the throwback is not complete so I expect a drop of about 10% to get back on the oblique of the falling wedge. Reminder of bullish factors: - double bottom - end of falling wedge - breakout completed - huge bullish divergences - FIBO retracement 78.6% since march 2020 - increasing volumes since june - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) - reversal signal (Network Value to Transactions ratio)
by Bitcoin_Weather
5
XAUUSD | Perspective for the new week | Follow-up detailsThis is a follow-up to our previous analysis where we were able to close the week with over 3,000pips in profit (see daily commentaries in the link below for reference purposes). Going into the new week, it is obvious that the yellow metal gained some bullish traction towards the end of the week, rising more than 1% on Friday as the dollar weakened amid reports of a potential debate amongst the U.S. Federal Reserve officials about the pace of rate hikes. Will the latest development be a reason to stake on the Gold in the new 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
GBPUSD | New perspectiveThe U.S. dollar strengthened as Treasury yields pushed to new highs amidst the political chaos in the UK and the week retail sales from the month of September are not bringing confidence to the Pound Sterling. Despite sinking to the lowest level in recent times and looking at it from a technical standpoint I am of the opinion that bullish momentum could be triggered if the price breaks out of the supply zone at the $1.14000 area in the coming 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.
Long
by darcsherry
USOil | New perspective for the week | Follow-up detailThe OPEC+ production cut from two weeks ago is yet to reflect the anticipated consequence in the market as price action appears to be completing the retracement of the previous impulse leg that started a couple of weeks ago. A breakout of the $86 mark this week will be a signal for me to buy the USOil. 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.
TVC:USOILLong
by darcsherry
3
USDCAD | New perspectiveIt is important to note here how the price of crude oil is directly proportional to the value of the Canadian Dollar and if we take into consideration the OPEC+ decision a couple of weeks ago to cut down production by 2 million barrels per day; the likelihood of soaring oil price remains inevitable. The consumption of crude oil has remained steady despite consumers struggling with soaring inflation and I am of the opinion that the effect of these events will begin taking its toll on USDCAD as we witnessed multiple rejections of the C$1.4000 level in the last couple of weeks by the sellers. Will there be a sell momentum in the meantime 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.
Short
by darcsherry
1
HOW TO trade USDCAD reversals 💵🍁We have an alert for a sell on USDCAD. Trading on the 30M timeframe. I'm using my POW EDGE reversal strategy for this trade idea. Little red arrow is entry point. Red trade label shows trade details. Green lines are TP and purple lines SL. Stats for the strategy can be found at base of idea. Chart shows previous trades from last week. Strategy is in a rich vein of form. Can we start this week off in the same manner last week ended. __________________________________________________________________________________________________________ What is our POW reversal script? Quiet simply our script is a reversal strategy and can be used on any instrument and time frame. POW reversal strategy sits within your TradingView and you as the user will see exactly what we see - the trade, entry price, SL and TP values. This is a mechanical trading system, Which through third party services can be automated. Our script is based on a combination of indicators with the main ingredient being RSI . As a user using the script you are able to see all available settings and what they are. The values for each setting can be adjusted to fit and suit each individual instrument as well as the time frame said instrument is being used on. We know upon changing settings if they will work on the trading instrument and the time frame being worked as we have coded in a built in strategy tester. A big overlooked not used enough feature of TradingView's pine code is the strategy tester which saves hours of time not having to manually back test a strategy. Having the data in an instant enables us to enter trades with full confidence knowing we are working a proven system. Having the built in strategy tester also doubles up as a live trading journal too as the strategy tester will confirm and support every open and closed position. We are working to a rules based approach to trading for our entry, exit and risk management. All subjectivity and emotions are removed we simply follow and execute the already tested strategy. My latest trade recap video can be seen below and gives great insight into POW tradingview pine scripts we use Thanks for looking at my idea 👍 Darren
Short
by pow_removetheguesswork
AUDUSD as expected HUGE UPSIDE MOVE!!!As expected price made a lovely rejection from the bottom of this consolidation zone and break out to the upside showing that we could be in for a longer term trend change. Ill be looking for price to make a pullback from the bullish move and look at catching the continuation leg to the upside. Wait for the best risk reward and follow market structure, price more then like always gives you a second chance to get into a trade so always stay patient!!
Long
by jamison_fx
3
USOil | New perspective for the week | Follow-up detailFollowing the OPEC+ decision to cut oil production 2 weeks; we have witnessed an increase in the price of crude oil. However, during last week's trading session, there was a drop in oil prices which could be a s a result of "take profit" activities and we still do not know how far the retracement move will go. It appears that the fears of recession and weak oil demand, especially in China, is outweighing the move to cut oil production at the moment, but from a technical standpoint, this video explains where to look out for buying opportunities that is likely going to be inciting the second phase of the bullish momentum that started two weeks ago. 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.
TVC:USOILLong
by darcsherry
4
GBPUSD | Perspective for the new week | Follow-up detailsThis is a follow-up video to my previous analysis on the GBPUSD where we close the week with over 300pips profit (see link below for reference purposes). Since the price tested the $1.14000 area during the latter part of last week, we observed selling pressure which gives us a clue into the strength of the sellers at this juncture in the market. Despite expecting selling opportunities in the new week, I will keep an open mind as a possible bullish continuation is very possible from this juncture in the market. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable 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
GBPUSD | Perspective for the new week | Follow-upI still can not upload videos here on Tradingview; So for the GBPUSD video kindly visit my youtub channel for details. Please note that I will be dropping updates on this analysis in the comment section of this broadcast in the new week. Cheers! As inflationary pressures loom on the UK economy, the Bank of England Governor is hinting at their willingness to raise interest rates to meet the inflation target. How are the participants in this market going to react to this statement in the new 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.
by darcsherry
US30 seems to be bottomed out After bad CPI numbers US30 managed to get to 28600 which is previous low. Scenario 1. US30 is currently forming a kind of double bottom or "W" pattern, it will be confirmed as it breaks the neckline which is around 30312-30473. Breaking that zone would confirm that's its double bottom. Target of this pattern is usually the size from bottom to the neckline. which is at 32410. Scenario 2. As you can see only 4hour candle chart, US30 is also forming up descending broadening wedge i.e. bullish chart pattern (said to be a reversal pattern) breaking out of this and would make our new target on top of the descending broadening wedge. If you look carefully at fibs 0.382 (30790) seems to be like the important area which US30 must break and create support above it in order to move higher Entry: breakout of neckline TP1 : 0.618 fib (32129) TP2 : 32564 TP3 : 34296 S.L : 2% Remember I will be only taking trade as it breaks and creates support above the neckline Trade safe.
CAPITALCOM:US30Long
by itwasblue
1