ABCD correction move + 1.618 strategy - Bullish SetupHey everyone this is a recent analysis that i've made based on several trading strategies written down below
Bullish Setup NASDAQ :
- ABCD correction
- 1.618 fib
- EMAs crossed
- doble bottom
Based on datas, its a highly probable trade.
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Signalprovider
GBPNZD > Strong Level for A Sell..Analysis of #GBPNZD
The GBPNZD moved expected yesterday after my post from yesterday, now I have a similar setup but on the opposite side of the market.
here I have a bearish harmonic bat pattern that might complete soon near a strong supply zone to provide a reason to get in a sell trade
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GbpUsd can rise to 1.22There is no question about it, the trend for GbpUsd is bearish. However, recently the price has dropped under 1.2 very important zone and correction could follow.
Looking at the 2h posted chart we can see that since mid-June buyers are entering the market in this zone and the last low can be in fact a false break.
GbpUsd back above 1.2 could accelerate gains and I'm bullish on short term this pair as long as yesterday's low is intact.
Gold- Sell after correctionAs I warned at the beginning of the month, Gold could change its medium-term trend, and since then, the price has dropped 800 pips with most of these pips made this week.
Now the price is in a normal correction after such a steep drop and this can offer a good selling opportunity for bears.
1755-1760 is now the resistance zone and here we can look for selling signals in the market.
Gold back above 1775 would delay this bearish scenario.
USDCHF: Long Signal For Next Week 🇺🇸🇨🇭
Hey traders,
On Monday, I am planning to buy a retest of a broken neckline of an inverted head and shoulders pattern on 4H.
Entry - 0.9576
Stop loss - 0.9485
Targets - 0.9676 / 0.9714
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TRADE OF THE WEEK | Trend-Following Trading in Action💰
Hey guys,
As you know, I was monitoring GBPCAD for quite a while to catch a bearish continuation after a retracement.
Spotting a major falling channel, I was patiently waiting for a test of its resistance to short from there.
My confirmation was a descending triangle formation on 4H time frame.
The position was opened on a retest of its broken neckline.
+290 pips of pure profit so far!
Did you catch this move?
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Please, support my work with like, thank you!❤️
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
We planned, we followed and we executed!!!
We waited patiently for the drop identified with the previous days Goldturn low being broken. Price tested the swing range and we placed our trade confirmed with our signal at 1805 for the ride up for 50 pips and trailing stop.
We took a perfect exit using our intraday levels and then we saw price drop again back to testing the structure support with EMA5 breaking the Goldturn trendline. The structure support has not broken and still maintaining our setups, however taking into consideration the Goldturn trendline support being broken we have adjusted the swing range accordingly together with updated Goldturns, retracement levels and targets.
BULLISH TARGETS
1808, 1815, 1820, 1826, 1836
BEARISH TARGETS
1800
SWING RANGE
1789 - 1786
Our setups are still geared towards buying from support levels, however our ideas cover the sequence both ways. As always we will keep you all updated with any changes to our plans throughout the day.
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GoldViewFX
XAUUSD TOP AUTHOR
EURUSD > Beautiful Ascending Triangle Pattern!Analysis of #EURUSD
the EURUSD seems to be breaking out of this beautiful ascending triangle pattern and we might see a breakout soon.
if EURUSD breakout my triangle pattern then we can look for a bullish trend continuation entry.
if the EURUSD failed to breakout and dropped down to retest trendline support we can also look for a buy entry with a better reward to risk.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
USDJPY > Best Place for A Buy Entry!Analysis of #USDJPY
The USDJPY remains in a strong uptrend and we can still look for a buy in this market.
as you can see from my chart we have trendline support and if the market pullback to its trendline support zone which is also a previous structure high and a strong key level of 132.00 we can then look for buy entry if the rules for entry are met
________________________________________
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📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
TRADE OF THE WEEK | Crude Oil Trading💰
Hey traders,
As you know, I was looking for shorting opportunities on WTI for quite a long period of time.
Spotting a rising channel on a daily I was patiently waiting for a test of its resistance.
Once the resistance was reached, I was looking for a confirmation to short.
My confirmation was a double top formation on 4H time frame.
The trigger was its neckline breakout.
Shorting on a retest, I managed to catch a very strong bearish move to the support of the channel.
Fantastic winner!
Did you catch this move?
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Please, support my work with like, thank you!❤️
NAS100 completed it's inverse head and shoulders pattern!Hey everyone,
We discussed about NAS100 yesterday and mentioned of the possibility of an inverse head and shoulders formation on it. Today it looks like this pattern has been completed. The left shoulder, head and right shoulder have been established and the market broke above the key level.
There's high chance that NAS100 will rise at least for a brief rebound to the upside seeing that the stock market has been oversold for an extended period of time. With this pattern in mind, I expect buyers to defend the violated key level. If they can be able to, then 12600 will be an easy reach for the bulls.
I will continue to monitor the behavior of price above the key level to look for more buying opportunities.
If you enjoy reading my ideas please be kind to leave a like.
Yesterday we were able to catch the beginning of this long term move to the upside.
If you didn't see yesterday's idea, here it is. Follow the link below to read more about the idea.
NAS100 was able to break above a structure on lower timeframe. Well, this is one of my favorite structures that I look for in any market.
NAS100 repetition of patterns. What is it trying to tell us?NAS100 repetition of patterns. What is it trying to tell us?
Hello traders,
let's examine NAS100 and see what it is trying to tell us.
Back in May we saw that after it created an inverse head and shoulders kind of correction NAS100 roared from there. Again it looks like the same thing is being printed right now. I am not sure if we are going to see an inverse head and shoulders but what I am pretty sure of is the correction is getting to its completion and whatever correction it is, soon we shall see NAS100 roaring, either up or down.
In my previous analysis and discussion I have mentioned of this correction.
These are few things I will examine to take opportunity of the strong coming moves on NAS100.
A close below 11000 will mean that the recent low (head) will be broken and that means the inverse head and shoulders will no more be valid. That will signal bearish continuation and attract more selling pressure.
A close above 11750 will mean that the inverse head and shoulders is coming into play and the neckline will be violated. That will signal bullish reversal and attract buyers in the market.
Whatever the case may be, it is great to keep on the watch as the market is preparing for big moves.
If you enjoy reading my ideas please be kind to leave a like. If you have any question feel free to ask in the comment section below.
EURGBP: Short Trade Explained 🇪🇺🇬🇧
Hey traders,
EURGBP reached a solid structure resistance yesterday.
The price formed a triple top formation on that and broke its neckline this morning.
I shorted the pair on a retest of a broken neckline.
Entry - 0.857
Stop loss - 0.86016
Take Profit - 0.85367 / 0.84978
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Please, support my work with like, thank you!❤️
TRADE OF THE WEEK | Trend-Following Trading in Action 💰
Hey traders,
GBPJPY is trading in a long-term bullish trend.
Higher lows are perfectly respecting a rising trend line on 1H.
Once the trend line was tested I was looking for a confirmation to buy the pair.
My confirmation was a double bottom formation.
I bought the market on a retest of its broken neckline.
Then the market started to grow sharply!
I managed to catch a very nice winner with a trailing stop.
Did you manage to catch that move?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
US30 buy after the violation of the wedge!US30 buy after the violation of the wedge.
Just like its related family member, US30 is showing bullish signs. The index has been in a correction the past days and it looks like the time to push up is getting closer. Currently the index is locked up in the wedge formation. I am waiting to see a violation of this pattern to the top for long opportunity. My target will be 34000 or closer to this considering the broker spread.
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NAS100 IDEA
GBPUSD: Risky Short Signal From Our Team
Hey traders,
Analysing GBPUSD this morning, our team came to the conclusion that GBPUSD may drop.
The price broke a strong minor support cluster and formed a tripple top.
We decided to short.
Entry - 1.25829
Stop loss - 1.2658
Take profit - 1.247
Please, support this signal with like and comment!
AUDCAD: Classic Structure Trade Explained 🇦🇺🇨🇦
AUDCAD reached a key level on Friday.
On that, the price formed a triple top formation.
Its neckline breakout confirms a coming bearish move.
I expect a bearish continuation to 0.908 / 0.905
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AUDNZD: Classic Breakout Long 🇦🇺🇳🇿
Hey guys,
We spotted a very nice long trade on AUDNZD with my students:
the price formed a double bottom formation and broke a resistance line of a falling wedge pattern.
I expect a bullish move to 1.1026 / 1.106
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AUDUSD is shifting momentum to the upside!I anticipate AUDUSD to rise to 0.725 key level. Price broke above the upper falling trendline that kept price in a downward trend since April 2022. With dollar index loosing strength (technical) I believe this will give Austrian dollar chance to strengthen. I will be looking for short term long position on this pair.
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