EURUSD | Perspective for the new week | Follow-up detailsThe price moved over 140pips in our direction (see link below for reference purposes) before the appearance of multiple bearish engulfing candles which suddenly disrupted the bullish momentum building up from the reversal structure identified in my last speculation. The EURUSD bounced back after US jobs dip as we witness a cancelling of this bearish move during the course of last week trading session as buyers brought the price back to where it was during my first analysis on this pair - a development allowing me to maintain my bullish perspective on this one.
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Trendline | Consolidation structure
Observation: i. Since the beginning of the last year 2021, the Euro recorded a 9.4% decline against the Greenback to express an emphatic bearish momentum.
ii. The bearish momentum appears to have found a bottom @ $1.12 in November 2021 which can be evident in the character of price action in the last 3 months except for the "sudden" breakdown of this level at the tail end of the month January 2022.
iii. Except for the "false" breakdown at the end of last month; Since the price hit bottom @ $1.12, we have noticed a gradual bullish momentum as the price continues to find higher lows which are evolving to the possibility of buyers taking over the deals from the supplication zone around $1.135 area.
iv. Like I have stated on my last speculation, above key level @ $1.13 appears to be a comfort zone for me to long with hopes of adding to my existing position at Breakout/Retest of $1.138 area.
v. In this regard, I suspect that the early hours/days of the new week might see a drop in price towards the key level area where I have identified on the chart as a new demand level to incite an increase in the value of the Euro.
vi. Hence, above the key level @ $1.3 remains a comfortable area to long the EURUSD.
NB: Considering the long-term Bearish momentum, it is appropriate that we remain conscious as the Bullish expectation in the coming week(s) could be a correction phase that might incite a downtrend continuation but till then ... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 400 pips.
Risk/Reward : 1:4
Potential Duration: 5 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
Reversalpattern
EURUSD Possible bearish moveHTF - Market has broken the ascending channel to the downside indicating further bearish momentum, however, reversed back to bullish for no specific reason rather than the dollar index touched the top of its ascending channel and took the dollar down, and EUR up...
LTF - Now the market has touched a previous level of resistance forming a double top, and reacted from it impulsively breaking the LTF ascending channel pattern which is a reversal pattern. So what I am expecting now after that BO is that the market will correct and start its bearish move if the price Breaks down again.
Plus we have the dollar index that touched the bottom of its HTF ascending channel and reacted from it too.
GBP / JPY 153.096 -0.61 % LONG IDEA * TREND POSSIBLE REVERSALHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE POUND / YEN
* The PAIR has been trading in a ASCENDING channel just tested the base of this structure, awaiting a double bottom/ or any other confirmation as we might enter a strong bullish rally.
- Short term the pair looking for a momentum shift possibly signaling a strong bullish momentum on the 4h chart this.
- Looking for long entries on GJ this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
DXY 96.03 - 0.07% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR INDEX
* The INDEX is currently trading in a RISING WEDGE , tested the ROOF of this structure.
- looking at a possible H&S FORMATION the 4H AND LOWER.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- Strong bullish momentum towards resistance will invalidate the whole set up.
- Looking for SHORT entries on the INDEX this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
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EURUSD Morning Star Doji FormedSupport 1= 1.11860, Resistance 1= 1.3044, Resistance 2= 1.13650 Resistance 3= 1.1420 Resistance 4= 1.15340. On this currency pair D1 chart creates a Morning Star Doji successfully, This Candlesticks patterns is very important for Trend reversal. We should wait for 1.1185 Support level for last correction zone for take opposite direction.
Stay connect with us for Proper entry price basis on this market sentiment.
EURAUD | Perspective for the new weekWill the market risk appetite continue to take its toll on the ‘Aussie’ as a reversal setup evolves? The Euro continued to exhibit strength since November 2021 and a Breakout of Key level structure during last week trading session could be an avenue to look for buying opportunities in the coming week(s). Now, what are my expectations?
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. It is no doubt that the overall perspective on this pair is bearish with the bearish trendline going as far as April 2020.
ii. However, since price tested A$1.535 in November 2021, the price has continued to finder higher lows which culminated in what looks like a successful breakout on the 26th of November 2021.
iii. Following this breakout, the price touched A$1.615 to respect the bearish trendline on the 2nd of December 2021.
iv. The bearish momentum following the touch of A$1.615 appears to have reduced as we continue to witness rejection of the A$1.56 area to confirm a Demand zone is mature.
v. And if we look closely, we will notice that the rejection within the demand zone shares a confluence that respects the new Bullish trendline to signal a possible reversal set-up.
vi. A visual representation of a trend after connecting a series of prices with a line drawn under pivot lows shows the prevailing direction and speed of price in the last 3 months.
vii. Now, the appearance of a Double Bottom within the identified Demand zone which also shares a confluence with the new trend describes a possible change in trend and a momentum reversal from prior leading price action with confirmation at Breakout of Key level (A$1.5800) which is also the neckline of the pattern.
vii. The early hours/days of the new week might see a drop in price into the key level to incite a Trend continuation.
viii. Hence, it is appropriate to state here that, above key level @ A$1.5800 remains the most comfortable place to open a long position with an opportunity to add to our existing position at a breakout/retest of A$1.59500 level... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 400 pips.
Risk/Reward : 1:3
Potential Duration: 5 to 12days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
EURCAD | Perspective for the new weekMy perspective on this pair is going to be the opposite of the majority in the market as my research reveals that the big wigs are doubling down their position against the new week. Technically, with the strong support @ C$1.415 area; I foresee a short term gain for the Euro which might be a retracement of the overall bearish momentum or a possible move for an outright north in the coming weeks.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Reversal pattern (Double Bottom)
Observation: i. It has been a Bearish run for the Euro since mid-September 2021 where the CAD recorded a 6.20% growth in the last 4 months.
ii. I am of the opinion that prices have found a bottom. Why? Well, since the price touched the C$1.451 area in November 2021, we have witnessed multiple strong rejections depicting buying power from this area.
iii. The highest point buyers have moved the price from the demand level is C$1.46 area (over 400pips move); this feat is recorded on the 20th of December 2021.
iv. Immediately price touched C$1.46, a downward spiral occurred which evolve into a Double bottom pattern within the same demand zone (during the previous week trading session) which based on past experience I have considered a strong area for the buyers.
v. Double Bottom: The appearance of this reversal pattern at this juncture in the market describes a possible change in trend and a momentum reversal from prior leading price action.
vi. In this regard, a breakout/retest of key level @ C$1.43 (neckline) will be a comfortable area for us to open a long position on this trade in the coming week(s).
NB: It is appropriate to state here that this is a counter-trend trade hence the need to be highly alert during the course of the trade as any bearish momentum could send the price crashing. .. Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:4
Potential Duration: 10 to 15days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
USDJPY possible reversalDaily TF - Market has been moving in an ascending channel since Jan 2021
4H TF - It is forming a ascending channel and it has recently done a double bottom and moved impulsively to the up side.
1Hr TF - After the impulsive move to the upside market formed an ascending channel that touched a previous level forming a double top and consequently moved impulsively down breaking the ascending channel, now correcting and possibly continue further down at the break of the current correction.
This goes in confluence with the dollar index analysis.
The Downside is Still in, for now at leastI am starting to use Renko to see optimal prices and detect a flip in sentiment. #1 Bitcoin and Ethereum seem to have a very similar trend on normal/Heikin charts, crab markets followed by an emotional institutional leg up or down. If you've been here since the beginning, you'd know there's a lot more going on behind the scenes, like futures contracts, flash loans, DeFi, you name it. A note for myself and whoever may come along this simple analysis: Watch Renko trends intraday and see where you can enter. I'm almost certain the major cryptocurrencies will have some rollercoaster action next quarter, probably a tad later.
DXY 96.04 - 0.43 % SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR INDEX
* The INDEX is currently trading in a RISING WEDGE , testing the ROOF of this structure.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- A break above and close will invalidate the whole set up.
- Looking for SHORT entries on the INDEX this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
NQ Power Range Report with FIB Ext - 1/25/2022 SessionCME_MINI:NQH2022
- PR High: 14499.25
- PR Low: 14402.75
Evening Stats (As of 1:11 AM)
- Gap: = N/A
- Session Open ATR: 406.37
- Volume: 97k
- Open Int: 242k
- Trend Grade: Neutral
- From ATH: -15.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15550
- Mid: 15247
- Short: 14360
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
GBPCHF | Perspective for the new week The British Pound has been gaining momentum since the beginning of December 2021 against this Swiss Franc and price action in the last two weeks might be a retracement in favour of a Bullish momentum in the coming week(s).
Tendency: Uptrend (Bulliish)
Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. Since the 6th of December 2021; the British pound recorded a 4.5% growth in value against the Swiss franc to suggest that a Bullish momentum is evolving.
ii. Price appears to have found a bottom at Fr1.21 and have since been finding higher lows which culminated in a successful breakout of key level @ Fr1.23 in the latter part of December 2021.
iii. Technically, the appearance of a pattern that describes a change in trend and a momentum reversal from prior leading price action at Fr1.21 appears to be confirmed as soon as we witnessed a successful breakout (Fr1.23) of the neckline which is also the key level.
iv. Immediately price hit Fr1.26 area on the 11th of January 2021, we witnessed a downward spiral in price action which I presume to be a retracement of the breakout move (Impulse leg).
v. Hoping to join a potential rally in the coming week(s) if price retests Neckline as I am expecting a price plunge into a new demand level (identified on the chart) in the early hours/days of the new week.
vi. In this regard, I have identified zone around Fr1.235/1.22 for buying opportunity... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:5
Potential Duration: 12 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
BTCUSDT: Dragon above the cloudsHello traders!
The holy MTFKR Dragon has shown up and this is not just here to hunt small traders, Its here to Hunt the Whales.
Investors were confident that Whales are buying BTC so it must be a good time to invest but no one saw Dragon which was hiding behind the clouds and it was aiming to hunt the whales.
The scary Move is not yet over, we will See more dump in all coins.
Currently, we can see a breakout of supportive trendline and I am expecting a 3 step formation before Mega rises. I am expecting exactly the same pattern that I have drawn on the chart.
The true reversal point is 30900 and I am sure that it will be pinpoint accurate and the market will hit and run 30900.
Those who are thinking that BTC will go below 20K then I should tell them we will not see BTC below 20K because the pattern is not completed. When Bitcoin will break All-time High then it will decide whether it will come back to 20k or it will never look down again.
Sorry for today's loss as the market was unpredictable or you can say previous wins made me a little overconfident because if I had dug deeper I should have cracked some profitable trades.
Well, no worries every move is now predictable and we will enjoy these moves.
Don't forget to hit the like button and follow to stay connected.
Vechain Possible Bounce/Double BottomVechain has been moving within this triangle for a long time now and is almost reaching its apex.
We can see that its sitting on strong support on the bottom of the triangle and is looking good for a bounce here.
It also looks like a possible double bottom scenario.
However if we do not hold the white line, vechain could possibly fall lower to the 5.6 cents area, and if that doesnt hold I'll be looking at around 3.6 cents for support.
The Power of DojiA Doji is created when the open and close for a price are virtually the same. Doji tend to look like a cross or plus sign and have small or nonexistent bodies. From an auction theory perspective, Doji represent indecision on the side of both buyers and sellers. Everyone is equally matched, so the price goes nowhere; buyers and sellers are in a standoff.
When it comes in a downtrend it act as a reversal pattern so we know that the bears power is weak, and bulls start to take control thus the price will go up and the trend will be up , when it comes in an uptrend the bull power is weak , bears starts to take control and price will eventually go down . But in technical analysis you cant enter a trade only from one sign so you should know you Support and Resistance area, draw your trend lines, use some indicators, and when you see the Doji know you know its the perfect time to execute the trade.
EOSUSDT , POTENTIAL UPTREND REVERSAL Hello Traders :)
- Please push the like button if you like the content or drop a comment to share your idea!
- EOS on 1D time frame chart is trading inside a falling wedge since starting September 2021 making lowers lows and lower highs , sellers are still in control and buyers are getting ready to defend there strong support zone ( demand
zone ) 2.3$-2.5$ , buyers meanwhile failed to break on the non-horizontal local resistance around 2.9$ taking price lower to the intended support zone.
- On 4H time frame chart we can see that EOS was trading inside a falling wedge ( continuation pattern ) and took the price lower to the strong support zone mentioned earlier.
- Buyers will gear up on the strong support zone 2.3$-2.5$ hoping to see a good amount of buying volume in order to take the price high to level resistance 2.9$ ( last swing low ), if succeed buyers will keep on moving up to the strong non-horizontal resistance around 3.6$ , would like too see a great breakout ( our trigger ) off the falling wedge which will take price higher to level targets of 5$ and 7$ respectively.
- Until now we are still bearish waiting to see the buyers reaction while the market sentiment is suggesting fear and due to BTC volatility.
Good Luck Traders!
USDCAD 1.25518 + 0.47 % LONG IDEA * PRICE ACTION + STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure That just saw a test of the base of structure.
- Short term the pair has currently entered an up trend as WE broke above the double bottom formation on the 4h chart.
- There is a demand zones to look out for on the pair at 61.8 % fib before we continue with the bulls.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THE PAIR LAST WEEK.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE