SELL CONTINUATION ON S&P 500Hey Traders,
This is the setup that spot the bearish continuation for those that missed the first trade opportunity on S&P 500.
Watch out for the pullback to the supply zone.
Tradingaxis
Ready for a Breakout? How to Trade the Beautiful TriangleHey traders,
The GBPUSD has been trading within a beautiful triangle pattern, and it's on the verge of breaking out. Typically, if this pattern appears in an uptrend with no apparent resistance ahead, it indicates trend continuation to the upside.
Now, let's talk about how we can trade this triangle pattern.
The aggressive entry is to enter at trendline support near 1.2400, with a stop loss placed below the previous swing.
For a more conservative approach, wait for a confirmed breakout, then drop down one time frame and look for a trend continuation pattern to ride this break to the next level of resistance.
Of course, if the market breaks below trendline support, this idea will no longer be valid.
Keep following and liking this post for more exciting trading insights. Don't hesitate to share your thoughts in the comments section below. 🚀
ETH Price Analysis: Bullish Momentum on the Risehello traders
Over the last 7 days, the price of ETH has been fluctuating between 1916 to $2141. The overall trend of the cryptocurrency was bullish as the price kept moving upward, but there were moments when ETH experienced dips.
Looking at The Moving Averages:
The moving averages help to smooth out the price action of ETH on the chart. Over a couple of days, the market remained supported above the moving averages, and the price has not gone below it. This indicates strong bullish sentiment in the market. also, the 200-day moving average has caught up with the price action of ETH, indicating that the short-term trend is upward.
higher highs
ETH formed a couple of higher highs and higher lows which line up with trend line support indicating the market will likely continue upside
Based on the technical analysis, the overall sentiment of the cryptocurrency is bullish. The moving averages are acting as support, we have higher highs, and trend line support.
Given the current technical analysis, it would be a buyer of ETH for short-term gains. However, It is also advisable to keep an eye on the RSI indicator to monitor any changes in market sentiment.
EURUSD Rising Wedge & RSI Divergence Signal Possible Sell EntryWelcome traders!
Analysis of #EURUSD
I've identified a potential sell opportunity on EURUSD. The market has been respecting a strong supply zone, with a decline of over 500 pips previously. Additionally, we have a rising wedge pattern with an RSI divergence, which is usually a bearish signal. To top it off, the pattern completes near the supply zone, which is also a key resistance level at 1.1000.
One possible way to trade this setup is to wait for a confirmed we are turning bearish, a clear rejection of the supply zone. Then, we could enter a sell trade targeting the next level of support. As always, it's important to manage risk and use appropriate position sizing.
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AUDCAD > The Place Place for A Sell or A Buy!!Hey traders,
Today, let's talk about AUDCAD. The market is currently moving downwards, and it's near the major weekly structure demand zone. This area is where we may see the market finding support and potentially showing some bullish reaction toward the upside.
Adding more weight to our analysis, we have a key market level of 0.8900 that further increases the probability of this setup.
To get a better chance at a successful trade, we need to look for confirmation on the lower time frame before taking an entry.
Keep in mind we have major news coming this week, and a lot can change
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GBPAUD Potential Buy Opportunity May Be in The Cards.Hello traders,
let's discuss the potential buy opportunity in GBPAUD. The market has recently broken through previous resistance and is now stalling just below the major key market level of 1.9800. This suggests that the market may be experiencing a short-term bearish momentum, but a potential buy opportunity may be in the cards.
To enter such a setup, we must first look for a point of entry that maximizes our profits while minimizing our risks. In this case, we are looking for a market trend continuation entry just near the previous resistance, which has now become support. By entering at this point, we can ride the bullish momentum of the market and potentially profit from the downward movement.
One possible way to enter this setup is to wait for the market to retrace back to the previous resistance, now turned support level. Once the market reaches this level, we can then wait for confirmation of the bullish momentum, such as a bullish candlestick pattern, before entering a buy trade.
Another way to enter this setup is to use a price action trading strategy. This involves analyzing the market's price movements and patterns to identify potential entry points.
Overall, the GBPAUD market is showing signs of a potential buy opportunity. By entering near the previous resistance level turned support.
Thank you for reading, and I encourage you to follow, like, and comment below with any questions or feedback.
Gold Forms Double Top at $2000 Daily Resistance, Possible Sell Welcome traders! Today we will be looking at GOLD for a possible sell setup.
At the moment, Gold is at a very strong daily resistance level, with the market forming a double top at this level. we are also near a key market resistance of $2000 which has held as a strong level in the past.
With these factors in mind, it may be a good time to consider entering a sell trade on GOLD. targeting the next level of support near 1950 or even 1920
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EURJPY > Possible Simple Buy At Trendline Support Welcome traders!
Let's take a look at EURJPY.
There's a possible buy opportunity as we have strong trendline support that has been tested multiple times, indicating a possible bullish reaction soon.
If the trendline support breaks, we could see a strong move down. so look for confirmation first, like double bottom or bullish candle formation
Keep an eye on the price action near the support level and wait for confirmation of before entering a long position.
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EURUSD > Bearish Opportunity with Bearish Harmonic PatternWelcome traders!
Today we'll be looking at the EURUSD pair and a possible Sell opportunity. We have a bearish harmonic Cypher pattern at the entry, which could provide a good risk-to-reward ratio but not as good as the second place which is at a strong supply zone.
Looking at the chart, we can see a bearish Cypher pattern forming on the 4-hour timeframe, with the price at the key Fibonacci level. This pattern could signal a reversal and provide an opportunity for a sell trade.
To enter this trade, we could basically enter now if it is still at the entry point or set the limit entry at the D leg completion, my favorite place will be the 2nd place on my chart, is to wait for a further push to the upside and then look for a sell it will give much RR, but we will see
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Possible Sell Opportunity Ahead as Price Nears Strong ResistanceHello Traders!
Today, we'll be taking a look at GBPUSD and analyzing whether a possible sell opportunity could be on the horizon.
Firstly, we have a strong resistance level located near 1.2400 which has held up well in the past, indicating that it could be a key level for price action to react to. Additionally, there is a possible AB=CD pattern that could compete at this level, adding further confluence to our analysis.
Furthermore, we can see that the market has failed to break through this zone before, suggesting that there could be a high probability of a price reversal or retracement occurring once again.
Taking all of this into consideration, we could potentially look for sell opportunities near the 1.2400 level. However, as always, it's important to remain mindful of any potential changes in market conditions and to use appropriate risk management strategies.
Happy trading!
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EURUSD Analysis: A Potential Sell Setup for Smart Traders!Hello traders!
Today, we'll be looking at the EURUSD pair and a possible sell opportunity.
As mentioned, we have a supply zone on the 4-hour chart where the market previously dropped twice, and trades failed to push the market further. Additionally, we have a bearish harmonic Bat pattern completing near the structure supply zone. This confluence of factors suggests a potential sell opportunity.
One possible way to enter this setup is to wait for the price to reach the supply zone and then look for a bearish reversal candlestick pattern or a break of the trend line to confirm the potential sell trade. Another possible way to enter is to place a limit order at the completion of the Bat pattern and wait for the price to reach the supply zone.
Remember to always manage your risk and use proper risk management techniques.
Good luck and happy trading!
Bullish Bat Pattern Near Strong Demand Zone - A Good Buy?Welcome, traders!
the USDCAD pair is showing signs of a potential bullish bat pattern forming near a strong demand zone at 1.35500. In this analysis, we will take a closer look at the current market conditions, the possible entry points, and the potential risks and rewards of trading this setup.
Current Market Conditions
The USDCAD pair has been trading in a downtrend and the USDCAD might keep pushing through minor support to go downs and test its major demand zone where the market rallied almost 300 pips, we might have a bullish bat pattern, which is a popular harmonic pattern among traders that completes near the zone
There are several possible ways to enter a bullish bat pattern set up in the USDCAD pair. One way is to wait for the pattern to complete and then enter a long position near the 1.35500 demand zone. This approach involves waiting for confirmation of the pattern and the demand zone, which can help reduce the risk of a false signal.
Another way is to enter a Limit order at an earlier stage, such as when the price approaches the demand zone or the completion of the pattern is imminent. This approach carries a higher risk of a false signal, but it can also result in a better risk-to-reward ratio if the pattern does indeed complete.
It might be too early for it, but,all it takes to set the alert and wait
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Potential Double Top at Key Resistance Level Signals Sell EntryHello traders,
Looking at the chart, we can see a possible double top formation near the extreme market resistance level of around 1.2200. This level has been a strong resistance in the past, with the market getting rejected multiple times before.
It's important to keep in mind the recent bank crisis and developments. While it may be over calmer now, it's always a good idea to stay cautious and not take any trades without proper analysis.
If you are looking to enter a sell position, it's best to wait for a confirmation of the double top formation. This could include a bearish candlestick pattern or a break below the neckline of the pattern. As always, make sure to use proper risk management and set your stop loss and take profit levels accordingly.
Thank you for reading, and happy trading!
Might Be A Great Opportunity to Enter a Buy!? Welcome traders!
The USDJPY has been trending down and is currently going to test a strong support area near 129.00. This important key level is further supported by trendline support, indicating that a bullish bat pattern could be completed soon. The bullish bat pattern provides a great opportunity for traders to enter the market with a buy order.
When looking to enter the market with a buy order, we should first look to enter near the 129.00 level with a stop loss set just below the trendline. If the first entry fails, we can look to enter near the strong demand zone near 128.00 with a stop loss set just below the demand zone.
In conclusion, the USDJPY is currently bearish, but it might reach a strong support area near 129.00 offering us a great opportunity to enter the market with a buy order. If the first entry fails, we can look to enter near the strong demand zone near 128.00 with a stop loss set just below the demand zone.
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Possible Bullish Head and Shoulders Pattern Suggests BuyHey traders,
Let's take a look at NZDUSD. There's a simple classic bullish head and shoulder pattern that could break soon, giving us a reason to buy and target the next level of resistance.
To enter this setup, we could wait for a breakout above the neckline of the pattern and look for a retest of the breakout level for a possible entry.
Keep in mind that trading involves risks, so make sure to use the proper risk management and always have a stop loss in place to limit potential losses.
That's it for now. Don't forget to hit the boost button if you found this analysis helpful and leave a comment with your thoughts on NZDUSD.
Happy trading!
Trendline Breakout Creates Potential Buying Opportunity?Hello Traders
Looking at the AUDUSD chart, we can see that there is a significant trendline resistance which has now turned into support after the market formed a double bottom and broke the trend line. While some might mistake this for a flag pattern and consider taking the short side, the double-bottom formation suggests otherwise, and we could potentially see a buy-entry opportunity.
To enter this setup, I would wait for the market to retest the support zone near the trendline support at 0.6600. Once the market approaches this zone, we can start looking for potential buy entries. One possible entry strategy could be to wait for a bullish price action confirmation, such as a bullish pin bar or bullish engulfing candlestick pattern, to signal a potential reversal.
It's important to note that trading always carries risk, and it's crucial to have a solid risk management plan in place to protect your account from potential losses.
Thank you for reading this analysis. Please let me know if you have any questions or if there's anything else I can assist you with.
happy trading
Strong Sell Setup with Bearish Cypher Pattern and Key LevelHello Traders
check the analysis for GBPAUD
the GBPAUD is presenting a possible sell opportunity as we are currently observing a beautiful bearish Cypher pattern near the strong key market level of 1.8300. Additionally, we are at a strong supply zone where the market previously dropped 1000 points, indicating that this area may serve as a strong resistance to the price.
However, due to the potential for high risk, it is recommended to wait for a retest and confirmation before entering into a trade. This will provide a good sell setup with a favorable reward-to-risk ratio.
To summarize, the GBPAUD presents a potential sell opportunity due to the bearish Cypher pattern and strong supply zone. A cautious approach is advised, with a focus on waiting for confirmation to enter the trade with a favorable risk-to-reward ratio.
USDJPY Bulls Eyeing Strong Buy Opportunity at Key Support ZoneAnalysis of #USDJPY
The USDJPY has been showing signs of potential bullishness as it approaches a key support area between 130.00-131.00. The area is significant as it has served as a strong support zone in the past and is also coinciding with rising trendline support. Additionally, the key market levels around this area add further significance to the support zone.
Traders looking to enter a long position on USDJPY could look for potential buying opportunities around the support zone. This could be done by placing a limit order at the support zone, or by waiting for confirmation of a bullish reversal pattern or price action.
As always, It is important to keep an eye on any developments that may affect the market, such as news releases.
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EURCAD > In-Depth Plan for Sell Entry..The EURCAD currency pair is showing signs of a possible sell entry opportunity as it approaches a strong resistance zone. This zone has been tested three times before and is also reinforced by a strong trend line resistance at the same level. The key market level of 1.4600-1.4620 has held as resistance in the past and we could see a bearish reaction from this zone again.
To trade this setup, we can look for a sell entry once the price reaches the resistance zone at 1.4600-1.4620. We can use bearish confirmation signals such as a bearish engulfing pattern or a double top formation to enter the trade. It is also important to use proper risk management techniques and have a stop loss in place to limit potential losses in case the trade doesn't go as planned.
Overall, this potential sell setup on EURCAD looks promising given the strong resistance zone and trend line resistance. Keep an eye on the price action around 1.4600-1.4620 and wait for confirmation before entering the trade. Don't forget to manage your risk and always use proper risk management techniques.
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NZDUSD > Possible Buy Entry at Key Support LevelThe NZDUSD pair is currently trading at a very important support level of 0.6100, which has been a key level for the pair in the past. Looking at the left side of the chart, we can see that the market has bounced from this zone multiple times. This suggests that there is strong demand at this level and a possible buying opportunity.
However, we need to be patient and wait for a valid confirmation on the lower time frames. A bullish reversal pattern, such as a bullish engulfing or a double bottom, would indicate that buyers are stepping into the market and ready to push the price higher.
If we get a valid entry, we could potentially target the next level of resistance at 0.6200, offering a 100-pip trade opportunity. It's important to keep an eye on the price action around this key support level and wait for a clear confirmation before entering a buy trade.
As always, remember to use proper risk management techniques and never risk more than you can afford to lose. Follow me for more trading insights and analysis, and don't forget to like, comment, and share if you found this helpful.
USDJPY > Detailed Analysis and Markup, What's Next?The USDJPY currency pair is currently near a critical level of trendline support, which has been tested multiple times in the past. Additionally, we have identified a strong bullish harmonic bat pattern forming, adding further confirmation to a potential buy entry.
The key level to watch is the 135.800-135.600 zone, where the trendline support and the D leg completion of the harmonic pattern converge. Traders can consider two possible ways to enter this trade.
The first approach is to set a limit order at the D leg completion of the harmonic pattern, which provides a more aggressive entry strategy. This method allows traders to enter at a predefined price level, reducing the risk of being caught in a false breakout.
The second approach is to wait for a confirmation of the bullish move, which can come in the form of a bullish candlestick pattern or a break above the nearest resistance level. This approach provides a more conservative entry strategy and may result in a better risk-to-reward ratio.
Regardless of the entry method, traders should use proper risk management techniques, including setting stop-loss orders and adjusting position sizes to manage risk appropriately.
In conclusion, with the trendline support and the bullish harmonic bat pattern lining up near the 135.800-135.600 zone, traders may consider a potential buy entry in USDJPY. However, it is essential to wait for confirmation or use a limit order to reduce the risk of being caught in a false breakout.
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Buy Opportunity Alert as Price Hits Key Support LevelsAnalysis of #USDCHF
Hello traders
Looking at the USDCHF chart, we can see that the market is currently at a key trend line support and a previous structure support level. Additionally, there is a major key market level at 0.9300 which could act as a potential bullish target.
To trade this setup, we will wait for a bullish confirmation such as a double bottom or a bullish engulfing pattern. Once we have a confirmation, we can look for a buy entry with a stop loss below the trend line support.
If the market moves in our favor, we can target the next structure resistance level and potentially the key market level.
It's important to always manage our risk and use proper risk management techniques such as setting a favorable risk-reward ratio.
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Sell Setup: Previous Resistance + Strong Supply = Perfect Trade!Hello traders,
The EURUSD chart shows a clear sell setup as it approaches a previous resistance zone. Additionally, on the 4-hour timeframe, we can see a strong supply level which adds more confluence to the sell setup.
To trade this setup, we will wait for a bearish confirmation such as a double top or a bearish engulfing pattern. Once we have a confirmation, we can look for a sell entry with a stop loss above the resistance zone.
Remember to always manage your risk and use proper risk management techniques. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
thank you all
