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Reversalpattern

USDJPY | Perspective for the new weekThe decline of the Greenback accelerated following the release of US economic data and bottomed at 136 to test the bullish trendline identified on the daily time frame hereby reaching its lowest level in two weeks. Now, the question is: Is price action going to respect or breakthrough the bullish trendline during the new week? In this video, I have explained how to take advantage of any momentum that comes in. 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
GBPUSD | Perspective for the new weekIt has been a long bearish drive for the Pound sterling and the long-awaited US dollar correction appears imminent as we head into the new week. In this video, I explained how I intend to take advantage of either bullish or bearish momentum 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.
Long
by darcsherry
XAUUSD | New perspective The Gold appears to be recovering from a month low of $1,680 to reclaim the $1,720 area which is my key level for the week on the dismal US PMI to set the tone for a shorter bullish bias. 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
4
USDCAD | New perspectiveThe USDCAD appears to be aiming for a bullish moment in the new week after identifying multiple rejections of the 1.28500 area by the buyers. However, we cannot ignore the possibility of a bearish momentum drive after witnessing the breakdown of the bullish trendline identified in the daily timeframe. 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
USDJPY | follow-up detailsThe appearance of a reversal pattern on the lower time frame hints at a possible bullish potential for the Greenback in the nearest future. So, I am going to be patient enough to look out for confirmation around the neckline at 138.400 to join the potential rally. 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
4
USDCHF | Perspective for the new weekUSDCHF breaks below the bullish trendline that has been holding price action since the beginning of the month to set the tone for a potential bearish drive in the coming week. This video explains my plans in that regard. idenRisk 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
USDJPY | Perspective for the new weekDespite its continued rampage in the currency markets, reaching quarter-century highs against the Yen, I am of the opinion that we might be witnessing a temporary retracement in the coming week in anticipation of a trend continuation in the nearest future. This video explains how I intend to take advantage of this 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.
Short
by darcsherry
12
GBPUSD | Live position review | Follow-up detailsA rebound for the GBPUSD appears to be in the offing as the bearish expansion reduces during last week's trading session. This video sheds more light on the possibility of a possible bullish momentum evolving despite the long-term bearish drive. 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
1
EURUSD | Perspective for the new weekUnlike the US economy, this week is packed with economic data that has the potential of driving the momentum of the Euro. From a technical perspective, I have identified simple structures on the 4H timeframe that will be of major assistance in helping us prepare ourselves for trading opportunities lining up for us 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.
by darcsherry
Double top pattern on GoldHello traders, as you can see Gold printed a double top pattern witch is usually a reversal sign , it tells the end of a trend. However it is not good to make conclusions too quickly. The pattern is not confirmed until we see a truthfully breakout of the actual support. The most likely thing to happen it is to hold it and bounce back again. In conclusion: If the price holds the support i will open a long position with target 2000$ If the price breaks down the pattern will be confirmed and i will open a short in the retest of the broken support (1700$-1680$) with target 1470$ I will be glad to see what do you think in the comments and if you agree with me push the like button.
TVC:GOLD
by piccard54
9
GBPNZD | Perspective for the new weekPrice action has been caught within a supply and demand sandwich in the last 3 months to confirm the indecision that has gripped the market after a bearish prior leading price action. Could we be expecting a bearish momentum this week? In this video, I explained how we could take advantage of a bearish momentum if we finally witness a breakdown of the bullish trendline identified in the daily time frame. 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
3
USOil | New perspective for the weekPresident Joe Biden on Friday said he expects further oil supply increases from Saudi Arabia to help lower U.S. gasoline costs after a meeting with the country's leader. Are we expecting to see a downtrend continuation on the charts or will there be a breakout of structure to confirm a reversal in price action? This video explains how I intend to take advantage of a trading opportunity during 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.
TVC:USOILShort
by darcsherry
2
GBPUSD | New perspectiveIn this video, I have explained my plans of taking advantage of a potential bearish momentum. 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
Matic 1D chart possible incoming Resistance levelsHello frieand. like you see in my shared chart , matic is in a disjoint channel and runnung sideways. nowadays we are in the mid-line of this channel and we see a strong bullish Hammer in this position. also we see very good volume and its possible they are buyers! if we go upward the first important resistance level is 0.5500 and if we cross this level we will reach about 0.6700. please share your opinion and improve my skills friend. we together can rise up. help each other to grow. teach me something new. i will be happy. thank you all my dear friends. !!!NOTE!!! MY POSTS ARE NOT TRADING AND INVESTING ADVISE SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
MLong
by TraderAmin-KZ
2
GBPCHF | Perspective for the new week With a significant breakout of the descending channel identified on the higher time frame, I am looking forward to a bullish momentum this week. This video explains how I intend taking advantage of this potential move to the upside. 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
AUDUSD | New perspectiveAs we head into the new week, a break above the key level at $0.68700 might open room for bullish momentum. In this video, I explained how to take any potential opportunity - be it bullish or bearish. 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
7/7/2022 In Review; Mistakes Made, Double Tops, and Bear TrapsJust reviewing today. I'll post a better analysis tomorrow morning when I see what the market does overnight. That being said, I mention how I slightly deviated from my risk management plan and stuck out a trade late in the day today (short 3893) past what I normally would. It appears I'll be able to remedy the mistake or at least correct it for a small loss instead of a larger one, but I can absolutely say that was uncharacteristic of me and I feel like I traded today in some fashion like I did when I started trading years ago. However, it is always a good reminder when you get frustrated or start trading off of "feelings" and not your trading strategy, that you should walk away. I then explain how the consistent fluctuation of the longer timeframe trends is abnormal, and that I reviewed when the last time I'd had the 4-Hour and 6-Hour trends reverse this often. The answer is a VERY classic double top that occurred during the first half of February. Of the 16 6-Hour Trend signals I've gotten all year, 3 of them have been in the past few days. Likewise, there has only been 22 4-Hour Trend Indicators in the entire year, and 3 of those have also been in the last few days. Lastly I show have you can use indicators, such as RSI or MFI, to spot Bear Traps by seeing Bearish Divergence, if you're interested. It shows how you can get faked out by an uptrend that might actually be a bear trap that will send you lower. Extremely low volume, classic bearish market patterns, price rally with overall bad economic news... My sentiment, you guessed it, continues to be bearish.
CME_MINI:ES1!Short
by SemperTrader