Netflix in the rising channelOn the chart we can see a rising channel. We expect that the price will retest the upsloping support trendline which would be our entry in long position.
From there we expect the price to go higher and eventually retest the upper boundary of the rising channel.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
Tecnicalanalysis
DXY What Next? SELL!
My dear friends ,
My technical analysis for DXY is below:
The asset is approaching an important pivot point 101.215
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 100.707
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EUR/JPY What Next? BUY!
My dear followers ,
Please, find my technical outlook for EUR/JPY below:
The price is coiling around a solid key level - 147.527
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 149.070
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Wealth Unleashed: Wedge Pattern Power - Hidden Gem Revealed!Introduction:
Are you looking to skyrocket your trading profits? Look no further! Today, we will uncover the hidden gem of trading patterns: the Wedge Pattern. This powerful tool has the potential to transform your trading strategy and help you achieve financial success. Let's dive into the world of wedge patterns and explore how you can capitalize on their power.
What are Wedge Patterns?
Wedge patterns are popular among traders due to their high probability of forecasting trend reversals. These patterns appear when the price of an asset consolidates between converging support and resistance lines. There are two primary types of wedge patterns: the rising wedge and the falling wedge.
Rising Wedge:
In an upward trend, the rising wedge is considered a bearish pattern. It forms when the price consolidates between an upward-sloping support line and an upward-sloping resistance line that are converging. As the price approaches the apex of the wedge, the upward momentum weakens, signaling a potential trend reversal to the downside.
Falling Wedge:
Contrary to the rising wedge, the falling wedge is a bullish pattern. It appears in a downward trend when the price consolidates between a downward-sloping support line and a downward-sloping resistance line that are converging. As the price nears the apex of the wedge, the downward momentum loses strength, indicating a possible trend reversal to the upside.
Trading Strategies:
To capitalize on the power of wedge patterns, follow these steps:
✅Identify the pattern: Observe the chart for converging support and resistance lines to spot a rising or falling wedge pattern.
✅Confirmation: Wait for a breakout from the wedge pattern, either above the resistance line (for falling wedges) or below the support line (for rising wedges).
✅Entry point: Open a long position after a breakout above the resistance line in a falling wedge, or a short position after a breakout below the support line in a rising wedge.
✅Stop-loss and take-profit: Set your stop-loss order below the breakout level (for falling wedges) or above the breakout level (for rising wedges). Establish your take-profit target at a level that aligns with your risk-reward ratio and trading plan.
Conclusion:
The wedge pattern is a hidden gem that can potentially boost your trading profits when used correctly. By mastering the art of identifying and trading wedge patterns, you can strengthen your technical analysis skills and increase your chances of success in the market. Remember, no single tool guarantees success, so always use additional technical indicators and maintain a disciplined approach to risk management. Happy trading!
GBP/USD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the GBP/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.242.
✅LIKE AND COMMENT MY IDEAS✅
USD/JPY Trading Opportunity! BUY!
My dear followers ,
This is my opinion on the USD/jPY next move:
The price is coiling around a solid key level - 133.913
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 135.106
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NAS100 Trading Opportunity! SELL!
My dear subscribers ,
NAS100 looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 12821.35
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 12633.22
Safe Stop Loss - 12932.89
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CAD/CHF A Fall Expected! SELL!
My dear friends ,
This is my opinion on the CAD/CHF next move:
The market is trading on 0.65444 pivot level.
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.64828
My Stop Loss - 0.65821
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBP/CAD On The Rise! BUY!
My dear subscribers ,
Please, find my technical outlook for GBP/CAD below:
The instrument tests an important psychological level 1.68899
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.70096
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
The S&P500 (US500) failed to make significant progressThe S&P500 (US500) failed to make significant progress from previous week’s gain as prices lingers between 4,130. Going forward, prices may face headwinds and provide short selling opportunity. This because MACD poised to formed a deadly cross, while prices had formed a bearish rising wedge . All that remains is 4,100 support, which coincidentally also the EMA20. Hence a break below 4,100 may trigger a retest of 4,050 support or 4,000 level. However, if prices able to remain above 4,130, then there is a possibility of a small rally towards the 4,181 resistance.
XAGUSD Expected Growth! BUY!
My dear friends ,
I analysed this chart on XAGUSD, and concluded the following:
The asset is approaching an important pivot point 25.180
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 26.009
My Stop Loss - 24.724
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
US30 Technical Analysis! SELL!
My dear friends ,
I analysed this chart on US30, and concluded the following:
The market is trading on 33822 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 33510
Recommended Stop Loss - 33992
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUD/USD Technical Analysis! BUY!
My dear friends ,
AUD/USD looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 0.66832
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.67387
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USD/CAD Under Pressure! SELL!
My dear subscribers ,
My technical analysis for USD/CAD is below:
The instrument tests an important psychological level 1.35456
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.34664
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EUR/USD Massive Short! SELL!
My dear friends ,
I analysed this chart on EUR/USD, and concluded the following:
The asset is approaching an important pivot point 1.09895
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.08510
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EUR/CAD Buyers In Panic! SELL!
My dear followers ,
Please, find my technical outlook for EUR/CAD below:
The market is trading on 1.48792 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.47999
My Stop Loss - 1.49252
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
NAS100 The Target Is DOWN! SELL!
My dear followers ,
NAS100 looks like it will make a good move, and here are the details:
The price is coiling around a solid key level - 12987.47
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 13102.57
Recommended Stop Loss - 12921.23
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK