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Reversalpattern

XAUUSD | New perspective | Follow-up detailsThis is a follow-up detail on the Gold speculation that was published 2 days ago (see link below for reference purposes) where we were able to lock in over 4,000pips profit and it appears we are back into a structure where buying opportunity is lining up one more time. With a reversal structure and a new bullish trendline identified on the 1 H time frame; we will be using these structures to guide our bullish intentions going forward. 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
EURJPY | New perspectiveEuro appears to be grinding as we continue to witness the oscillation of price action right above the identified key level at the 137 area. In this regard, I have identified a demand zone below the key level as a yardstick for a bullish momentum going forward. 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
KNC Reversal UpdateA new reversal pattern has come to reinforce the previous signal of a possible reversal. All the last 5 candlesticks have long tails. That a sign of a local supply zone. Price may go as low as 45% or more before find the next important support at $2.30. Any thing can happen in the crypto market, be careful with your shorts. You can find my previous KNC TA below. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:KNCUSDShort
by Rhaonnor
5
KNC Reversal Update & General InfoAs I said in my previous two TAs KNC showed strong signs of a bearish reversal. One more sign has added; this of the fakeout. “In this report I will explain some crucial issues, most novice traders ignore and lose money and time. “ Fakeout is one of the most dangerous bullish or bearish signs and if you are unable to deal with them you can lose a significant percentage of your investment. It's a complicated signal, i will explain it further in a new report. Divergences (like volume, ROC, RSI) are NOT timing indicators. This means, f.e., if you find out a ROC bearish divergence in monthly charts, price may raise even for years before the reversal occurred. Use them only in conjunction with other indicator, news, fundamentals etc. Also like ANY other signals like MACD cross overs; it is not 100%. Why? Because trading is probabilities. In our example why volume divergence and local supply at $4.40 was strong bearish signs? 1) KNC price was rising while altcoins are in bear market since May 2021 2) EVERY altcoin is HIGHLY correlated to BTC and the MOST important of all… KNC is not the exception. 3) Entire market is in fear & uncertainty for over half a year Those are only a few of all that can affect the price of a crypto asset. Crypto market is a live entity. It changes over time. I am completely out of KNC, at an average of $4.91 per KNC. What if KNC go straight to $30 from here and you are out of the market, like me. It’s simple…. Don’t care. I will reenter the market when and if price reach at least $2.00 or below $1.00 and/or I find bullish signs in fundamentals & technicals at the same time. Another personal example: I bought BTC after Covid Crash at $5k and sold them all at $11.5k. (Find the correlations between and Alts.) With that money I bought MANA, SAND, QTUM, IOTA…Do your calculations. 3500% is bigger than 500%. I did/will do the same with the profits of the KNC. It was the perfect opportunity to sell. *Think about it … A crypto rallied 400% while the others went to Hell. The perfect opportunity! * Do not…never ever be a fanboy of any coin, it’s just … money, nothing more. Sold them when the time comes and find a new opportunity with more potential. Remember trading/investing is probabilities. Find the way to make money even when you are wrong. Always have an entry and exit plan and DO NOT hesitate never to close a position when going against your expectations. Thanks for reading! Follow for more reports and press the like button if you appreciate this. Not a financial advice. Always do your own research.
KRAKEN:KNCUSDShort
by Rhaonnor
GBPJPY | New perspectiveWith a bullish momentum on this pair; I am looking forward to taking advantage of a potential counter-trend opportunity in the form of a retracement phase for the Pound with a take profit target at retracement into the golden zone on 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
GBPUSD | Live position review | Follow-up detailsWe were unable to make some money yesterday as our bearish set-up was disregarded later on in the day as stated in the comment section (see link below for reference purposes). Now, we have been witnessing a consolidation phase since the beginning of the month which appears to be transposed into a reversal structure clearly seen in the 4H time frame. With the appearance of a bullish engulfing candle springing out of the structure during the course of yesterday's trading session; a bullish momentum might be unfolding before our eyes with the intention of inciting a retracement wave of the bearish impulse leg identified on the 4H 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.
Long
by darcsherry
GBPCAD | New perspective | Follow-up detailThis is a follow-up detail on the trade we took on this pair yesterday where we scooped in over 220 pips profit with 2 positions (see link below for reference purposes); Now with a reversal set-up evolving on the 4H time frame and fractal reflections on the 15 minutes time frame, I will say the current structure suggests that sellers might have temporarily lost the moment hereby allowing a buying opportunity which might be the beginning of a retracement wave. In this video, I explained how we can take advantage of the bullish move if it finally happens. 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
2
AUDJPY | New perspectiveDespite the obvious that the AUDJPY remains on the front foot around 92.55, extending the two-day uptrend; I am of the opinion that the current structure might incite a short term bearish move soon. Why? If we closely into the structure on the daily time frame, we will notice a reversal structure evolving since the price tested 95.5 area. The appearance of a lower high on the daily timeframe and multiple rejections of 92.5 level is tending toward a bearish bias. Let's see what happens in the next couple of hours! 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
EURCAD | NEw perspectiveConsidering the long term bearish momentum coupled with a reversal set-up on the 1H time frame; It is advisable that we look out for selling opportunities at this juncture in the market. So with a key level identified at 1.355, we shall be using this level as a yardstick for our position. 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
GBPCAD | New perspectiveThe reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin. NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish 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
NVDA: This could trigger an amazing REVERSAL!Hello traders and investors! Let’s see how NVDA is doing today! Since our last update, it dropped a lot, and it couldn’t trigger any reversal sign, but right now, there’s a light in the end of this tunnel. The indices are reacting nicely, and this will surely affect NVDA. We don’t see any clear bullish reversal sign, but we could see one if it breaks the $ 200 area (blue line). Why it is important to see NVDA breaking this line? Because we will see, for the first time since March, it is doing a higher high/low. By breaking the previous resistance, it’ll trigger a bullish structure and leave the 21 ema behind. However, we must always wait for confirmation. The resistance levels are all plotted o the chart above. To me, if NVDA triggers a reversal, it’ll seek the gap at $ 258 (red line). In the daily chart, we see how important it would be to see a reversal right now. NVDA is just at its support level around $ 195. It stabilized nicely, and the volume decreased since April 27, but the bullish days had more volume than the bearish ones (another fact that supports a powerful reversal). We can see the gap at $ 258 in the daily chart too, and it makes sense to work with this target in the mid-term as well. Yes, the $ 289 is the technical resistance, but it’ll take a while to get there. Many stocks are triggering amazing reversal patterns this week, and NVDA is an interesting play. It is not the best, but it is looking great. For now, let’s pay attention to the $ 200 area. I’ll keep you guys updated, so, remember to follow me to keep in touch with my updates.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
7
EURAUD | New perspective (counter trend opportunity)The reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin. NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish 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
Elliott Wave Analysis: AUDJPY May Have Found The TopHello traders! Today we will talk about AUDJPY pair in which we see a completed Elliott wave five-wave bullish cycle and potential top formation after recent break below strong trendline. In Elliott wave theory, we always have to expect a minimum three-wave reversal after a completed five-wave cycle. We are now observing a minimum three-wave A/1-B/2-C/3 decline, where wave C or 3 can be already in play. The main reason why AUDJPY could be turning down is strong support on US bonds and also still bearish looking stocks in current risk-off sentiment. A positively correlated SP500 is just about to break Feburary 2022 lows, which can easily send AUDJPY pair lower, at least towards 88 area for wave C, if not even down to 85 area for wave 3. Trade well! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
USDJPY | Perspective for the new week | follow-up detailsA follow-up detail on the USDJPY that was published sometime last week (see link below for reference purposes) where we locked in about 300pisp from our second entry. Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar weakness; the bullish momentum that began at the later part of last week's trading session appears to submit a signal that participants still have confidence in the Greenback. So, the key level identified $129 area shall be our yardstick for either a bullish (which I think is very likely) or bearish (retracement of the long-term uptrend) momentum going into 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
GBPCHF | Live position review With a strong demand zone at around 1.21 zone since the beginning of March 2022; we should be expecting a bullish run following the appearance of a reversal pattern within the demand zone. 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
EURAUD | New perspectiveDespite a long-term downtrend scenario on the higher timeframe, I am of the opinion that we might be on a verge of a bullish surge in the near future. In this video, I explained how a rising reversal pattern is identified on the 4H time frame where the breakout of structure yesterday might be a signal for an upside move. 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
GBPAUD | New perspective | folow-up detailsA follow-up detail on the GBPAUD that was published in the course of last week's trading session (see link below for reference purposes) as we closed with a minimum of 150profits move in our last trade, the retest of the neckline of the reversal structure we identified on the daily/4H time frame will be a bullish confirmation. Then it is most appropriate that we lookout for bullish momentum from this area (1.76000) in the near future. 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 | follow-up detailsA follow-up detail on the XAUUSD that was published sometime last week (see link below for reference purposes) where we expected the price to respect the bullish trendline but unfortunately we witnessed a significant breakdown of this line to send the price crashing. So price is back within the buying opportunity sone we identified earlier in the month and with the appearance of a reversal structure on the lower time frame, I am looking forward to a breakout of structure to signal an uptrend continuation. 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
As clear as mudA somewhat confused picture has emerged over the past few days on the USD/BRL chart. I have what looks like a triple top on the monthly and weekly charts, which any chartist will tell you is BEARISH. But…. Over the past couple of days on the daily chart we have what looks like a double bottom which has just completed, which is bullish short-term pattern – so what does this mean and more importantly how do I trade it?? This is always a bit tricky to deal with, but one thing is clear, when a bearish triple top has been formed you would expect the market to start dropping like a stone and if the price action is NOT doing what we would expect it to do that is a major cause for concern. However, it is possible that this is merely a return to point of break out – isn’t it?? Mm, well it could be BUT the market has started to nibble through the neckline at 4.8947. We have yet to see a close above this point but it looks like we might do so today as the moves higher near term look directional. So, what to do? Firstly, I would consider just plain exiting the position or at the very least tightening the stops. It also helps to have some basic rules in place and one of my rules is that the trend prevails. I tend to look at the monthly chart to get a grasp on the long-term trend. First thing to note on this market is that the long-term bull trend remains intact and the second thing to note is that the market appears to have reversed short term just ahead of the 55-week ma at 4.5235. OK, this would suggest that maybe this near-term bounce higher might have some legs. My second rule is that to completely negate the triple top we have to retrace more than 50% and in this case that would be around the 5.1678 mark. So extreme caution is warranted, there is enough to suggest that I would be uncomfortable still hanging on to shorts and given the direction moves over the past couple of days I suspect that we are actually going to see some further moves higher near term. Each time you have what appears to be conflicting signals you need to start watching it more closely, it helps to have some rules in place and to pay attention to the long-term trends. If we are going to see a short-term reversal, we should see dips lower ideally hold over the 20-day ma at 4.7073 now. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA