Aud/Usd Head and Shoulders
Target one: buy 0.78500
Don't forget to look the economic calendar.
THANK YOU!
GOOD LUCK!
Short-long
Usd/Jpy Channel Scheme
Target one: buy 109.800
Don't forget to look the economic calendar.
THANK YOU!
GOOD LUCK!
Xau/Usd Channel Scheme
Target one: sell 1747.00
Don't forget to look the economic calendar.
THANK YOU!
GOOD LUCK!
GBPJPY You know what to do!Trade Analysis based on price Action.
With risk management you will never loss.
thank you
SLK 4hI have no idea :))))))))
just I have been watching it to causes me to decide to open a short or long position
it's better if you want to watch it toooooo :))))))))))
CADJPY Bear Run?Using the data at market closed is one of those gambles traders tend to enter when the banks close out PA at a juicy area where Traders are likely going to go with the obvious trading entry or to gamble against it with a small stop loss. I will be waiting for a few candles to close before considering and entry as long as my ratio is 3:1. I've analyzed this chart for Long and Short Opportunties.
NQ> is it support or resistance?The last several candles have had a small range and we have a dilemma here: several question for discussion.
Are we at support or resistance? This horizontal line that we are at is a daily line so it should be quite strong weather support or resistance. And remember S/R is a zone not a one line.
Also seen is a ascending triangle and although books say this is is meaning breakout to upside, in my experience I see 50/50 either direction.
The daily line is also the neckline of the head and shoulders off to the left. So if we use this then daily line is resistance since price come from below. In this case expect a drop.
And now we have a falling MACD and an upward wedge. This puts bias to down side
Overall I say more evidence for down move than up. We will find out!
Eur/Usd Disjoint Channel, XABCD Pattern.
Target one: buy 1.20620
Don't forget to look the economic calendar.
THANK YOU!
GOOD LUCK!
CL > opportunity for large gain over a short time periodOil is showing a classic rectangle bottom. This is a pattern at the end of a down trend. The criteria are. That one of the horizontal lines needs to be touched 3 times and the other 2 times. This fulfills the criteria.
Rectangle bottoms can break out in either direction. Be prepared to take a short or long position on candle close (in this case a 4h candle.)
Rectangle bottoms do even better when the volume goes down as the rectangle moves to the right. This seems to be the case here.
You can also trade this by going short when price touches the upper line and buy when it touches the lower line.
You can see the potential targets and they are substantial. Though I would decrease my position as it approaches the target and pocket some profits along the way.
Please like and follow if this has been helpful.
Ms Bunny
Supply & demand ($67,222) next bullish target (BTC)Happy Easter everyone.
Just wanted to share some technical analysis with the trading community and what I’m currently seeing.
Target $67,222.
There’s a high chance we’re in the demand zone (s/r flip) structural integrity aoi.
I’m long.
PLUG showing potential upside, but leaning to a check of supportIn looking at the daily chart I'm leaning towards a final check of support into the upper $20s (PT's listed on chart) before regaining a steady uptrend.
Looks as if PLUG breaks below $34 again with rejection to upside, it won't find demand until at least $28 and change, with a final downside potential move at $25.70-$25.92.
If it can regain demand above that 120mil candle that failed, there's a nice little gap to push $43.16-$44.76; with a final upside potential of $47.25-$47.85 for that move.
Overall I feel that the red trendline below the current price action needs to be tested for equalization in order for a steady move up in the future. This is due to the lack of consolidation from that original move up in NOV 2020
Interesting View of S&P Futures - Weekly TF Holding Us Together?CME_MINI:ES1! AMEX:SPY
First time playing with fib channels. Pretty interesting view!
gap up down on goldthe reason gold was ralieghing was because the dxy dropped . but the dxy has retraced to the .382 . if i was holding gold buys from thursday i would be worried right now . what a trap on gold the most minipulated pair on the planet . they do love to trap traders but they have excelled this time . if gold does gap down on open it may gap past many peoples stops. my thoughts and prayers any one who bought thursday night . good luck lol
ONE LOVE! Let's get together on weed stocks. Oh boy! Where were you when all this was happening?
Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period.
As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries.
Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss.
But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are:
TSX:CRON,
TSXV:EMH,
TSXV:N,
NASDAQ:TLRY
I'm not saying the above are great. If others find good ones, then help out everybody else by sharing.
Other cannabis stocks are at all time lows. Some say they will pick up. How would I know?
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
AUDCHF SHORT TRADE 1D DAILY ENTRY : 0.71600
STOP LOSS : 0.72115
FIRST TAKE PROFIT : 0.70600
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis on remaining open position.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
Bitcoin's future projectionI think this 4 years cicle looks similar as the bullrun in 2013/2014.
My prediction is we will see a temporary top in mid 2021 at around 90k. Alts will probably go parabolic at this time. After we hit the 90k ish mark, we drop back to 45-50k area, where we will find our new bottom in the end of 2021.
At the start of 2022 we will go bullish again and we will see the top of this bull cycle around 200-250k. After that we end up in a new bearmarket, what will last for 1,5 years. Bottom will find again in the 45-50k area. Then we can see a
new start of a 4 years cycle. Next halving is around march 2024 and we hopefully see another great bullrun!
AUS200: Possible triple topThis one to watch. For new traders its a nice one to try out on a Tradingview paper trading account.
The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here.
All you can do is take a controlled affordable loss (aka stoploss).
This is positional play for finding a trend south on a lower time frame.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTC USD Just A thought As the title says this is just a thought. Other than one extremely well hidden clue no tradable advice can be found on this chart.
Although it might ,.. this chart does not necessarily reflect my opinion on the matter.
I do not care whether you hodl, accumulate, buy short or sell longs ;) and I do not wish to persuade anyone to do something.
I never make judgements about the risk preferences of others and yet I'm already imagining the comments... (if any).
EURO YEN SHORTPrice action suggests that this currency is heading for a BIG move to the down side.
S/L 130.000 T/P 126.000 Area.
Utilising multiple positions and/or trailing the stop loss from here could see huge profits.
Enjoy.
Russell futures> potential short and long scenarios.This is my set up, for Russell
Obviously a short entry has a better risk reward with 3 potential targets. But I don’t get to pick direction. My bias however is long due to the down wedge and strong supply. Price tends to attracted to strong demand or supply zones.
Have fun! Please give thumbs up and follow if you find this helpful.
CL> triggers for either a short or long position.Hello fellow traders!
I hope you are enjoying my charts and analysis. As you can see from my past analyses and now this CL analysis, I am strictly a trade by patterns kind of person. Wedges, ascending/descending triangles, pennants, flags, diamonds, double/triple tops, head and shoulders carry GREAT POWER especially when combined with support/resistance and supply/demand, (support/resistance is not the same as supply/demand despite debate to the contrary- though they are interlinked). I remember a quote from a ancient Greek philosopher (I think ;)- though I can't recall his name that states "with great power comes great responsibility". What is our responsibility? Always manage risk and reward to near perfection AND always use a stop loss. Some traders may not use a stop loss but I think this is a recipe for disaster. Disaster may not come today or tomorrow or next year or the year after that; but rest assured it will come. All the traders I know who did not use a stop loss did so after striking disaster. Avoid impending disaster by always using a stop loss.
If you enjoy my charts and analysis please support with a follow and a thumbs up. It will make my day- believe me :)
ANALYSIS OF CURRENT CL CHART: (follow the numbers below with the numbers on the chart)
(please see my previous analysis of CL and how closely price has followed my idea, including the big crash the other day)
1. The basic premise of this chart is- Are we in the initial stages of forming a new downward parallel (purple) channel? This would make sense with oil and the upcoming summer.
2. We have been following the yellow parallel channel since October 2020 (Autumn- not a surprise). Now we are possibly forming a new down channel shown here in purple. We are at a critical point here with the bottom line of the yellow channel forming resistance. Price ended Friday right at this resistance. You can mentally form a symmetrical triangle around the current price action. This supports a crossroads because symmetrical triangles can break out in either direction. When 2 factors come together at once it supports your position.
3. You can see the big black wedge that is formed and you can see that price broke out of the inner wedge bounded by the red line and the black line of the black wedge. A wedge within a wedge is another crossroads sign, so now we have another signal that we are at a critical area. Price temporarily broke out of the black wedge but this was a false breakout.
4. A trigger for a long entry will happen if price breaks the black trendline of the black wedge. You may enter on the breakout (aggressive entry) or on a retest of wedge (conservative entry and you could miss the entry).
5. A trigger for a short entry will happen if price breaks below blue support line and becomes resistance. Again you may take a position on the breakdown of support or a retest of what will then be resistance (this is called confirmation). You can see that if price breaks down we still need to get through the demand zone which is weak (this could appropriately be called support at this point). If price breaks below the blue support line and especially if price breaks below the next demand zone, then I would say we have confirmation of a new downtrend within the purple parallel channel.
Those are the 2 scenario's for this week. I do not know which way price will go so I always like to set a short and long trigger. If I had to say, I would say price will go back up because wedges usually take priority. But not always!
If you would like me to do some tutorials on trading with shapes and patterns I would be happy to do so- let me know in the comments. I have a lot of information to dispense about patterns if desired.
One last thing- the only indicator I use is RSI. This is primarily to look for bullish and bearish divergence (regular or hidden). I do pay attention to overbought and oversold but this is secondary as price can remain in these areas for a long time. But if there is bullish or bearish divergence in one of these zones it is a very powerful tool.
Thank you all for listening. I always want everyone to win their trades. I never root for someone to lose money. Even if someone takes the other side from me. The market will decide who wins; not me.
Again you would make my day with a follow and a thumbs up :)
Ms. Bunny
