FCPO TRADING : 109) REVERSAL IS CONFIRMED...?this is the 109 trade frm haidojo trading...another important support - 2625 is broken! according to my thumb-of-rules, this is a confirmation shift of trend...it has as high as 70% accuracy...so wat say u...? uptrend persists? confirmation shift-of-trend...? welcome to leave ur message in the comment column below...
My strategy has changed frm long when retrace to short when rebound...the resistance level shall be watched...
overhead resistance : 2625-2630
higher resistance : 2670-2700
current support : 2574-2560
lower support : 2474
Reversalpoint
FCPO TRADING : 94) POSSIBLE FORMATION OF "HEAD"
hi, this is trade 94) frm haidojo trading...ok, this is not the common head in "head-and-shoulder" pattern...but it is the "head" in a trend...
at least temporary reversal of trend...but in order to confirm a reversal, it has to form some kinda gap down...or hovering in tight range for at least another day...another thing is, 2 things happened today...1) the resistance 2691 is hit today (yes, look at the pinbar)
2) support region, 2626-2630 is tested today...
in order to reverse the bearish sign, the resistance 2690 has to be broken to confirm the continuation of uptrend...
higher resistance : 2690-2700
current support : 2625-2630...
lower support : 2565-2575
critical support : 2517 -2520
market might have come to a resistance level and likely to have reversed...
PS : I forget to put in the chart, thr is a bearish divergence in the chart...sori...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
Clear Down is Vissible upto 179A) 1, 3, 4, Reacts as a sign of Good up movement/ uptrend
( reverse of Rs.179.00 will be a good take off for the
breakout of Rs. 199.00 and the target will be around 220 for shorterm)
B)No. 2, 3a reacts as a continuous downtrend
(if the above fails the price will react at Rs.170 then it will expected
to go down or otherwise it will confirm the next clear trend at around Rs.190.00)
* NOTE- THIS IS MY PERSONAL ANALYSIS AND IT WAS POSTED FOR KNOWLEDGE SHARING BASIS
Clearly this is NOT FOR ANY KIND OF SUGGESTION TO BUY OR SELL.
LOSING POWER - REVERSAL TREND IMMINENT - ZN1! -30MNThanks for your likes and shares! Much Appreciated!
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We observed some nice steps broken up one by one and have seen the ZN1! price increasing. We are probably arriving to the end this momentum . The top black resistance line, if broken will announce a continuous uptrend. Higher probability is a pullback down from that zone.
The support uptrend line is also a good entry for a trade in the short direction , if broken . Next supports and breaks can be taken from the different ranges marked in the graph with horizontal blue lines and blue squares.
Wait for the market to break the latest blue square up or down to have increased probability on a successful trade.
S&P 500 - 240 - IMPORTANT POINT - 2X GOOD SHORT ENTRY POINTSThank you for your likes and shares! Much appreciated!
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The market is at a very important price which has been a reversal point lately (Fibonacci 78.6% ). This price is a strong resistance now and could become a strong support if the market moves upwards.
Upwards, the market former uptrend will be the limit where an amazing short entry point could be expected with possible nice pullback down.
In the other side, downward, if the market breaks its horizontal ranging support with a nice candlestick, there is a high probability to see the market going down further with an interesting short entry point (targeting Fibonacci 23.6%).
Timing:
From middle of next week to middle of the week after. (Wednesday to Wednesday)
EURAUD - H1 - Parallel Channel - BreakoutEURAUD - H1 - Parallel Channel - Breakout
Buy @ breakout Fibonacci Level 0.618 with an reintegration in the Parallel Channel
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Entry: 1.6780 | Stoploss: 1.6723 | Takeprofit: 1.6880 |
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If you like this idea please click the like button to support this channel, thanks.
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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USDCAD 4H Trend Reversal AnalysisA weekly USDCAD trend reversal could be happening.
First Confirmation: Price Strongly broke the Daily resistance trendline and continued upwards.
Second Confirmation: NFP released figures, so far, show better than the forecast which supports USD strength.
The Final confirmation for this setup will be a strong break and retest of that critical price structure, to signal an entry point.
SBICARD - BREAKOUT SETUPOn hourly chart stock started to form higher high formation, and rsi is also well aligned the price, suggestion price up move is fueled by the good momentum.
So everything as of now looks good on the charts , and any breakout above the trend-line would possibly lead a good move in the stock and stock could be seen reversing the down trend its being seeing since listing.
This trade has great risk reward ratio.
So always plan ahead and reap the profits.
Do not follow blindly, please do your own research.
S&P 500 alternative script When you have to sit at home due to quarantine it may lead to very interesting conclusions ))) it has emerged that there is possible alternative script of further development of S&P 500 and it needs all Elliot requirement , besides ratios between waves are too close to 0,618 or 1 , that is very seldom phenomenon. So if this scrip is true it will mean that all my last projections concerning cryptocurrency, indexed, and forex were wrong. One thing that I consider not enough appropriate is drawings in first wave of the biggest dimension, I mean triangle with too short 5-th wave. On balance, in this case targets of 5-th wave might be 3400 or 4526.
Apple Full Trend Reversal W/ MA?NASDAQ:AAPL
Apple might be in the middle of a full on reversal from this massive drop it's been on for awhile now. Follow the 20/50/150/200 MA from 1 minute all the way up to 1 hour chart and notice how they are all reversing trend. The key now is to follow the 2H-4H today maybe more to see if they complete the reversal on the 50 passing over the 150 etc. Could be an amazing sign for Apple. If it gets stuck though the downside would be a big sell off. I think Apple is bullish and people want it to be bullish in the market so my hopes are directed that way. Also is was massively oversold since Feb.
Thoughts?
Do you due diligence as always and make sure to keep up to date with all the market news and pre market buzz concerning the overall market and virus.
Bitcoin: New Sell Signal? Consider These Inflection Points.#Bitcoin has reacted off of the 6425 resistance level that I have been highlighting recently. And as a result, is in the process of producing a mixed signal. Broader structure favors a test of recent lows, while short term order flow may be pointing to a not so obvious change. The larger structure (recent bearish swing from 8K to 4K) should carry more weight, until a new pattern or development comes along to negate that idea. The aim of this article and video is to point out what these changes can look like and how they will shape our SWING TRADE decisions as the price unfolds.
These are the main points of this video:
1. Price has tested the 7150 area, but could not close above 6425. While the push into the low 7Ks is a positive, and may be a sign of a changing price structure (better chance of reversal upon next retrace), it is not enough to provide any kind of conformation that we can rely on. This is the nature of a mixed signal. We are still open to taking swing trade long signals (we recently shared one at 5750), but at 1% risk ONLY.
2. IF price closes below 5640, a new sell signal will be confirmed. We do NOT intend to exit our long upon such a signal, and have compensated for such movement with a wide stop and smaller position size (1% risk). The push to the 7150 area helps to define two particular inflection points where a bullish reversal can materialize and we are willing to give the market a chance to produce one of these scenarios.
3. The 4800 area is the first location where a higher low can develop. IF a pin bar or inside bar appears in this area on THIS time frame, we will be prompted to share a new SWING trade long idea. Since we are long, we will not add to our swing trade (strict risk control). The second area is the one that tricks most bears and that is the failed low around the 3500 area. This is where price appears to be making a lower low, followed by a sharp reversal candle. A pin bar or outside bar would be compelling and within the scope of our expectations. This is basically a variation of the double bottom and a common pattern that we specifically look for in terms of our swing trade strategy.
Again these are a summary of high probability inflection points that we are anticipating, these are not predictions or absolute opinions of any kind. Bitcoin, like the stock market is motivated by the same irrational behaviors: greed and fear which play out in particular and repetitive patterns of order flow. As retail traders who are not privy to non public material information, order flow is the next best thing we can possibly get, not news or other forms of infotainment. Capitalizing on it requires overcoming the obstacles put in the way by our own human nature. If you want to win in the long run, stop reacting to the obvious.
Stock reversal After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the following day.
1)Stop loss is under recent lows.
2)Profit target is around the beginning of the sharp decline.