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Reversalpattern

NIO: Most important KEY POINTS to pay attention!Hello traders and investors! Let’s see how NIO is doing today! After our last analysis, NIO went up, as expected, and now we see some weakness sign in the 1h chart. The bullish momentum was broken at the moment it did a lower low yesterday, as evidenced by the red arrow. However, we don’t see a clear lower high yet. Maybe the 21 ema will work as a ceiling for NIO, and it’ll drop from here, doing a new low, and confirming once for all a bear trend. NIO could easily drop more, but the daily chart is looking interesting: NIO just hit the 21 ema in the daily chart, and it seems the price stabilized over there. The recent drop seems to be just a pullback to the ema for now, but NIO must react quickly in this area if it wants to resume the bullish bias. A reversal would occur if NIO defeats today’s high in the next few days, eventually, defeating the 21 ema in the 1h chart too. On the other hand, it must not lose today’s low, or drop too much below the 21 ema in the daily chart, otherwise, it might turn bearish for a while. Now NIO is in a decisive moment, and regardless if it’ll drop or resume the trend, we’ll have our answer soon. Let’s just stick with these key points for now. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices! Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
7
GBPCHF short valid 👇✅It's clearly CHF day as this is my third idea on a CHF pair! Using the POW reversal script for this strategy. Trade details for current trade are shown on the chart. Trade has been live since 11:45 UK time and we are using our POW reversal script. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red short arrow is entry point and purple line is stop loss. Been a good run over the last few days on this strategy as you will see from the previous trades on the chart. Lets see if it can end the week on a high. As always trade history can be seen at the foot of this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
EURCAD > The Best Place for A Buy Entry!I hope you are feeling generous and loving today to give me a like and leave a comment it will support the creation of new free ideas for you. Analysis on #EURCAD After the market bottomed near 1.4300 it started to make new lower lows which to me confirm e might be turning bullish here and buying is better than selling at this time. if the market move to my trendline support I will then look for a rotation pattern to confirm the market turning bullish before getting in a buy trade Forever grateful for the time you spent here reading my analysis. Check today's analysis below⠀ _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
7
GBPUSD > A Possible Head and Shoulders Pattern!!I hope you are feeling generous and loving today to give me a like and leave a comment it will support the creation of new free ideas for you. Analysis on #GBPUSD A Possible head and shoulders pattern might break neckline resistance and move up soon. if the market moves and break the neckline I will then look for a small buy targeting the next level of resistance Forever grateful for the time you spent here reading my analysis. Check today's analysis below⠀ _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
9
1INCH at reversalOk, if you watch the chart at daily timeframe you can see the daily candlestick closed as an hammer on the bottom, a clear bullish candlestick however I'm presenting here the 4h chart as more explicative. Beside the reversal candlestick billinger bands are squeezing (not shown here) and Stochastic momentum indicator presents a bullish DIV, moreover VLPR shows there's a good requested over current price, meaning this is going up. On the other side volume is kinda flat... not very promising to be honest, however before sudden movements it is always like this. If you don't have 1INCH this is a good entry point, stop loss at 3.93USDT (my support line), I'd say the current price 4.43 is a good entry price. Good luck
Long
by Shotokhan
EURUSD | Perspective for the new week In the wake of a stronger than expected US labour market report for October 2021, the Euro appear to be taking a bounce from fresh annual lows under $1.1520. Despite citing a Double Top pattern with a successful Breakdown of Neckline confirming a reversal pattern, I am looking forward to taking a "quick" countertrend in the coming week with my eyes still on the long-term expectation of a Bearish momentum evolving. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Double Bottom) Observation: i. Since the beginning of September 2021, the Euro recorded a 3.39% drop against the Dollar and this is represented by the prior leading price action (Bearish Impulse leg). ii. And since hitting bottom around $1.15200, the Bearish momentum appears to fizzle out as Buyers find what looks like a Demand level at this zone in the last 6 weeks to incite a Correction phase. iii. It is also appropriate to note here that finding a bottom in a zone ($1.15200 area) that has a memory as far back as 2017 for the demand for Euro might not be a coincidence and seems to be a very good opportunity to take a "quick" countertrend😊. iv. With recent structure and considering the Double Top pattern identified on the Weekly chart, I suspect that this potential correction phase will stall at the Neckline zone to incite a risk of further decline for the Euro. v. Double Bottom: We do have a highly bullish technical reversal pattern forming at this juncture in the market with structure revealing a change in trend and a momentum reversal from the prior leading price action (major downtrend). vi. Even as we await a confirmation which will happen if the price breaks out of resistance level @ $1.16750 (Neckline of potential Double Bottom) which equals the high between the two prior lows; I am willing to take a long position at a break and stay above of $1.16100 with an opportunity to add to the existing position at a Breakout/Retest of Neckline in the coming week(s)... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:4 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.
Long
by darcsherry
8
NZDUSD | Perspective for the new week | Follow-up detailsWe experienced close to 100pips move in our direction following my last speculation on this pair (see link below for reference purposes) and a Breakdown of Demand structure (a level that held price "supported" throughout last month) early in the month of November 2021 insinuates that the Kiwi might witness a risk of further decline in the coming week(s). From a fundamental perspective; a stronger than expected U.S. jobs report might bring the Fed closer to a rate hike which could put further pressure on the NZD/USD in the coming week(s), Let's see! Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Reversal pattern (Double Top look-a-like) Observation: i. After breaking out of Double Bottom Neckline on the 14th of October 2021 (see daily chart ), the Kiwi recorded a 3.42% growth over the Dollar to set the tone for a Bullish momentum in the long term. ii. However, after testing a temporary peak @ $0.72190, the price took a gradual nose dive, leading to a significant Breakdown of Key level during last week trading session. iii. As expected, I stated in my last speculation on this pair (see link below) that we should be getting ready for a possible correction phase of the Impulse leg which might retest the Neckline of the Double Bottom that instigated the previous rally (see daily chart) to confirm a trend continuation setup. iv. The appearance of a highly bearish technical reversal pattern on the chart which looks like a Double Top at $0.72190 & $0.72180 followed by a couple of Breakdowns of $0.71300 in the last week could be a sign that emphasizes the selling pressure accumulating under the Key level. iv. In this regard, I shall be looking out for selling opportunities below Key level with an opportunity to add to my existing position should price Breakdown/retest of $0.70850... Trade consciously!😊 NB: It is very possible that the early hours/days of the new week might see a price climb into the Supply zone cited within $0.71850/0.71550 to incite further decline. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7days 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.
Short
by darcsherry
NZDCAD instant short order Hello traders. this time I mapped NZDCAD with a risk reward ratio of 1:6.5 if it is in full accordance with the farthest target. the assumption is that if you risk 2% of the capital, then when the price reaches target 1, you have saved 1:3 if it is according to the plan, the farthest target saves profit is 12% of the capital. this analysis is not an invitation ... please make an entry consideration . and if it is useful, you can like it and share it with friends. thanks good luck
Short
by RMZ4x_RMZFC