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Trendanalysisexplained

SPX: Still Bullish! Could it reverse?• The SPX is still bullish, as it is doing higher highs/lows, and there’s not a single bearish structure indicating a top sign (not at the moment, at least); • The key support seems to the area around 3,900, as it is a key support seen in the 1h and D chart alike; • Any pullback to the 3,900 would be normal and acceptable, if we see a top sign, however, if SPX loses this key support, the 21 ema in the daily chart would be the next stop for it; • Either way, the trend is still bullish. Could it reverse? Yes, but we have yet to see a top sign on it. I’ll keep you guys posted on it every day. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
Ethereum could to find down the next support at $1,577 USDIn this analysis, I'm analyzing Ethereum from H1 timeframe to find up a good zone to short Ether. what I see that we're in the good place to short after that I believe that the price it's move in this zone by bullish rejection, and you might be very carefully to trade Ethereum. Also, I mark the key point that I found out in H1 timeframe as I want to trade cryptocurrencies by H1 timeframe and choose some crypto pars to trade with Forex market. Now, technically, Ethereum it's into this bearish channel and based this analysis, we're in the supply zone. What I have 2 resistance key in yellow zone. In $1,645 USD and $1,651 USD. Also, I see that the key support could be $1,579 USD in short term. And also, if the price trying to break down the $1,579 USD, we could to see a drop until $1,558 USD. I put my sell order limit to $1,645 USD, and Stop Loss to $1,678 USD and target toward $1,558 USD. So guys, we hope that this analysis support very well to trade by Day Trading!!! The risk/benefit it's 1:2 Good luck!!!
COINBASE:ETHUSDShort
by harisonhbn9718
Bitcoin it's in panic to sell-offBitcoin it's lead by bearish sentiment as we see in H4 timeframe a possible downtrend continuation that we can to get an opportunity to short Bitcoin or cryptos. I entry in sell right now around $16,692 USD, I put my Stop Loss in $18,280 USD AND take profit $13,500 USD. This it's a risk/benefit 1:2. I'm shorting Bitcoin now!!! Good luck Meanwhile BItcoin continue drop, like in H2 timeframe still bearish in this zone. So, it's a good moment to place a sell in the market price and following the H4 chart what the price action speak us.
COINBASE:BTCUSDShort
by harisonhbn9718
7
EUR/CAD: Update; break evenEuro/Canadian Dollar rose to the bullish side as in this moment it's in the run toward my target profit that have less 61 pips more. What in this moment, I will put a break even to protect my earns from now in $1.3546 CAD, in case that EUR/CAD go back to the previously level, I'm protecting with 41 pips earned from by break even. But in my trade, I have 89 pips earned. But EUR/CAD continue up. Now, it's very important to look this reaction if EUR/CAD may to continue up, in case of any bearish rejection from this reaction, it's a sell signal and obviously, it's necessary to pick up our earns. At the moment, we're in course lead by fundamental news very well in this trade. Good luck!!!
Long
by harisonhbn9718
3
SPX: Another BULLSEYE! What to expect from here?• We nailed another target on SPX, as it hit our 3,911 today (target set on Nov 07, on a public analysis here on Tradingview – link below this post); • As we expected, the retracements are doing a great job as support levels, and the 38.2% hold the price yesterday, even in a very volatile day; • Now, the index reacted, and it just hit a resistance area; • There’s no top sign on it yet, but if we see one, it could trigger a pullback to the 21 ema again; • In the lack of a top sign, the next resistance is the red line around 4,116. • There’s an open gap that would work as a magnet in this scenario, reinforcing the bullish bias; • These are the scenarios to work with. For now, let’s keep our eyes open around the 3,911. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
The Underlying Direction of PriceContrary to popular belief, when an asset is going up, that doesn't necessarily mean the asset is long biased. It's the same when price is going down; just because price is falling doesn't make that asset short biased. What we see on a chart at first glance often times is just random price movement with no substance. Hence, "Rangy Markets". Price will arbitrarily rise, then fall with no sustained direction. So instead of taking the direction of an asset's price at face value, I analyze the "Underlying Direction of Price". So confirming a long or short bias is not just about the direction in which price is moving from point A to point B. It is "How" Price Travels from Point A to Point B" that informs us of the bias of an asset's price. So in other words, even if price is rising, if it isn't rising in a "Long way", then that asset is not long biased. It's just random price action created by buyers and sellers for reasons nobody knows. (By the way, there's no need to know either.) Remember!The question to ask yourself is: "How did price travel from point A to point B"?. Now, the easiest way to know whether underlying price is supporting a given directional move is through examining the lower time frames. To explain, lets say weekly price has been rising for the last 3 months. In order to confirm whether the weekly rise is sustainable is by analyzing the price action on the lower time frames. So for example, if there are legitimate continuation patterns long, and moreover legitimate break outs long on the time frames under the weekly chart; then underlying price is confirming the weekly rise, and thus is a sustainable long move. On the other hand however, if there are legitimate reversal patterns short as well as failed attempts at long breakouts, it is likely that the weekly rise in price is "unsustainable". Try it yourself. If you find a higher time frame directional move, don't unsuspectingly take that move at face value. Dig down to the lower time frames and use any price action techinique at your disposal to confirm the higher time frame's rise. If you find that although price is rising, the lower time frames are "not" confirming the move; you can expect the move is unsustainable and will fail in due time. Remember! It's all about "HOW" price travels from point A to point B. That's it! I hope this helps! Have a great day guys! Ken
Education
by TradingForexPriceAction
1
EUR/AUD: Review!!!Well ,in this last analsyis of my past week. I made a trade in EUR/AUD, but unfortunately, I loss in this trade 3.76% with my 1.37% in general loss. those it's sum to 5.13% in loss the past week, that in my past week starting in November. What I remember that I was in long position in EUR/AUD and into this bullish setup. So, at the moment, this trade was a little hard as after we had the past week the FED interest rate decision. So, as I enter in November 1 2022 at $1.5424 CAD, that was a bad entry in the higer and it's suppose to entry in the bottom previosuly like $1.5390 CAD levels and then the price go to my direction, at least in the top of this descending line making higher low. But everything it's process of learning edge So guys, in the past week I had in loss 5.13%. But that this not all, as this week I have 2 trade in positive in Ethereum and EUR/GBP that touch my my full target profit. That those trade I will analyze it more later, and also, I'm still in long in EUR/CAD in profit in this week. I have 2 trade that was excellent and I hope that EUR/CAD go ahead .
Long
by harisonhbn9718
EUR/CHF: Review!!!As this week, I traded EUR/CHF into this bullish channel with a bullish perspective from November 6 2022. EUR/CHF goes bullish, and also I had one traded that I entry around $0.9892 CHF, I was in small profit, but I take a better decision before that price make a little drop on November 7 2022 that I was in profit like 22 pips, but I closed up with a small loss of 0.88%. As this was a market manipulation and I was in buy order place later of this movement. But I was in long and my perspective was bullish. But I note that as EUR/CHF moved into this bullish channel, the price make fluctuations between this range. But on Yesterday, I decide to cancel my buy order limit and this trade, as I knew that EURCHF continue up by fundamental news. But now, I see an interesting movement that gave it, EUR/CHF break up the bullish channel and EMA 200, what if I see like learning edge process a short position in the top if this channel, that if traders see this point, it's a good option to short, but as I was in long, so I was bullish in EUR/CHF, but what I found out an interesting resource it's when we're into this channel, it's necessary to mark the precise point where will be the key reaction that the price will respond me Marking a resistance line of key reaction like this. this work in your trading experience. So guys, as I took this trade, it's not bad, it's ok in this trade that I got a small loss like 0.88%. And well, everything it's possible in Forex market and be prepared by experience, make the master. I will add the follwing link to related idea to read my past analysis on EUR/CHF
Long
by harisonhbn9718
NIO: Next targets + Weekly analysis.• NIO hit a very important support level last week, and it did a bullish reaction; • The support area made by the purple trend line + $9.40 is the most important support level for NIO. If it loses both lines, the next support is at $5.70; • This week’s reaction was quite intense, and NIO is trying to reject the bullish reaction from last week; • If NIO reacts after earnings, it could bounce again to its 21 ema, however, if it loses the $9.40, any possible bullish structure will be rejected; • Let’s pay attention on how it’ll react near the lines plotted on the chart above. Remember to follow me to keep in touch with my analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
2
Gold short term buy Gold is trading near multi-week high near $1680 amid weaker US dollar. XAUUSD reversed an early European session dip to the $1667 and climbed to a fresh daily to. Gold price confirmed a descending triangle formation after closing Friday above the resistance at $1650. The buyers need to reclaim the previous day’s high at $1682 in order to start a fresh rally towards the $1700. Meanwhile, $1660 zone would act as immediate support and there the sellers may step in. We are long Gold as long as it is above $1660.
PEPPERSTONE:XAUUSDLong
by GOLDPIPSMAKER
EUR/CAD: UpdateThis was my today analysis in EUR/CAD, still bullish, right now, I'm analyzing that Euro/Canadian Dollar still above of the EMA 200, and it's like support. So, right now we see a strong bullish candlestick that end this formation, indicating bought in H4 timeframe. So, I don't have a lot to analyze this par, as I see that Euro still up lead by fundamental news. I put my buy order limit to $1.3505 CAD. Stop Loss to $1.3452 CAD and target profit to $1.3658 CAD. This was update from my analysis in my link to related idea. Good luck!!!
Long
by harisonhbn9718
1
EUR/CHF: bullish channelEuro/Swiss Franc it's seem that forming a bullish channel in H4 timeframe, and then, we can to put a buy order limit in that key zone at $0.9884 CHF. it's not short position, but as I knew that EUR/CHF will drop as I was in long, so, I only closed up with small loss like 0.83%. But I found out this zone in the important zone to watch out. We're in the bullish setup, what we can to get nice profit in this long posiiton. We see a bulish rising wedge and the price break up this chartist pattern Good luck!!!
Long
by harisonhbn9718
4
EUR/GBP: UpdateIn this moment, we're in profit in Euro/Sterling Pound, what I HOLD 31 pips in profit. So, we continue ahead with this trade. Now, we see a potential bought signals by fundamental news that come from Germany. Fundamental Analysis: 1) Germany's economic council less pessimistic than government on looming recession-source 2) German economic will not face as severe recession next year appointment optimistic economic policy that growth 1.7% compared 1.4% based on unexpected third-quarter growth despite inflation and energy supply concerns . 3) Inflation is expected to hit 8% this year, but advisers said that inflation's effect on consumer's purchasing power what exceptionally strong price increase are on the way in 2023, a reason for the looming recession. 4) A German newspaper reported that the advisers will recommend the government raise taxes on the wealthy to help finance the multibillion-euro relief packages it has agreed to fight the energy crisis. 5)British businesses fear a gloomy Christmas ahead, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted term. What I thinking it's that we see that German government want to raise taxes on the wealthy to help finance the multibillion euro relief packages to despite the energy supply concerns. Now, the inflation it's that worry me as consumer's purchasing power are lead to increase price in the way in the next year 2023, taking in note a possible looming recession. Also, we see that UK businesses has the fear a gloomy Christmas, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply in inflation-adjusted term, what that mean it's that Britain's people are not spending what the inflation soar the cost of living in UK. This fundamental analysis mean that Euro seem optimistic than Sterling Pound what I consider that Germany it's making a government plan to support the create a multi-billion relief packages for consumers and finance it by raise taxes on the wealthy in this nation. So guys, as we still bullish and profit in EUR/GBP. I don't believe to short as we can to reach my objective fix in this trade. Good luck!!!
Long
by harisonhbn9718
1
EUR/GBP: Two scenario; possible tradeIn this analysis, Euro/Pound look bullish based my perspective what I see this market trap. And also, we can to ask if this it's a sell imminent, but not yet, this it's a market trap and also I will share some points here why Euro will go bullish in front of Pound. Fundamental Analysis: 1) Euro and Pound rose against the safe haven Dollar on Monday, supported by a risk on sentiment across markets as investors digested positive eurozone data and looked to cash n on the strength of the U.S. Dollar 2) A survey showed on Monday that investors morale in the euro zone improved in November, and reflecting hopes that recent warmer temperatures and falling energy prices will prevent gas rationing on the continent this winter. 3) Germany should hike taxes on rich to finance relief packages. 4) Euro Zone investors morale up for first time since August 2022 Fundamentally, based this correlation with Euro and Sterling Pound, we see that investors seem to be some optimistic with eurozone data in the past week that ECB President Lagarde spoke. And also, Germany's economic advisory council will recommend the government raise taxes on the wealthy to help finance the multi-billion euro relief packages it has agreed to fight the energy crisis, What I think it's that German government may to raise taxes on rich to finance a multi-billion program to fight the energy crisis that whole Europe has since began of this year. Technically, it's bullish for Euro. Now talking about technical analysis, we could to form a possible Shoulder Head Shoulder or Double Top?. We see in this screenshot two possible scenario that I mentioned above, and EMA 200 make support exactly where the price make reaction. What in case if we get a Shoulder Head Shoulder (to be complete), we would need to valid this reaction point from $0.8738 GBP, if in case that fall and broke up, we can to watching a Double Top after of this validation to be complete. What it's very important to read the price action always. Meanwhile, in Daily timeframe we see this perspective that Euro want to make a supply zone into this range, if we see, still bearish in this bearish channel, but it's not matter to keep watching what happen. Good luck in this long position!!!
Long
by harisonhbn9718
QQQ: Breaking some Key Resistances. Could it recover from here?• QQQ is in a key resistance area, under the 61.8% retracement (previous support, now resistance); • Since QQQ is trying to break this key point, it seems it will trigger the Hammer candlestick pattern from last Friday; • This bullish reversal sign could take QQQ to higher levels, at least to its 21 ema again, in the short-term; • If this will turn out to be a mid-term reversal structure, it is too soon to tell, as we must pay attention on how it’ll react near its next resistances; • The 38.2% retracement along with the 21 ema is a key resistance to pay attention in the next few days, if QQQ gets there; Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
CAD/CHF: Review!!!So, in this past analysis that I made, this was not good trade and little hard to traded it in Canadian Dollar/Swiss Franc as we had the FED interest rate decision that move the financial market very volatile. So, I enter in two different position with good opportunities that I would have gotten this nice opportunity that I fell. But we would review what happened in the past week and what I will need to improve my skills. 1. CAD/CHF: Long position on October, 31, 2022 In this screenshot, we see that I remember that I update this par and I was in long position and very good with almost 60 pips. Also, in the past I put my target to $0.7460 CHF, what later I move it to $0.7490 CHF. if I would have gotten to closed up this long in $0.7460 CHF, i would got 60 pips in profits. what I decided to up my target profit to $0.7490 CHF. But maybe, I found out an interesting resistance in $0.7558 CHF, what I fell in this unique zone to don't improve this hide zone in H4 timeframe that I believe that I will need to take care of this institutional zone. But I ended this trade that took me my break even in $0.7304 CHF what I result a loss of 1.11%, after that I was in profit to long position. 2. CAD/CHF: Short position on November, 2, 2022 In this analysis, we see that I was in short position shorting from $0.7430 CHF, and also I made a very good analysis that CAD has the chance to continue drop toward $0.7365 CHF with a lot true. But the price moved by bullish sentiment that I remember that I closed up manually to $0.7322 CHF, what was a small earn of 0.74%, and also I don't know if this was a good opportunity to re-entry to long that I suppose to do that. But well, I see that my trades are not very bad, but there're some key to work for my trading experience like still pending in H4 if we see a resistance key to watch out to fix my target profit only for my first trade in this par. And my second trade, I don't found out any fell, what the only it's trying for me to work a little more my analysis, as my second trade was a great trade, that my short could to give me a nice opportunity. That it's all my review. I end with 1.11% loss and 0.74% earned. A total of -0.37% in loss. It's quite small that any ant see it. Good day!!!!
by harisonhbn9718
Bitcoin could to jump to $22kToday, Bitcoin it's around $21,230 USD. Also, as my past analysis, I knew that Bitcoin will climb, but I believe that my technical analysis was pretty good, only that trading in day trading, I will need to fix the smart entry as the price lead to my Stop Loss. And well, my analysis need to be little more cheerfully to understand it. But well, I'm analyzing from my computer and right now, what happen now it's that Bitcoin made a break-out vs. the traditional markets. Because they're a speculation after the FED raise interest rates to 4% on Wednesday, November 2 2022. But economist expect a possible change of monetary policy if the FED seem to be less aggressive to hike interest rates. And also, fundamentally, Bitcoin could to change the way vs the traditional markets. On December, we have in our economic calendar the last interest rate decision and the FED will define how they will bring us the signal what the US central bank do to lead the US monetary policy. Technically, we see a possible bought as investor sentiment it's seem that want to lead the Bitcoin price to the up. Now, in H4 Bitcoin break-out this symmetric triangle, as I said that it's a possible accumulation zone very good identified. And also, we hope a bought in one of the following level according by Fibonacci analysis in 0.382% ($21.168 USD) and 0.618% ($20,979 USD) I hope that this analysis support you!!! I will make reviews incoming!!!! This it's the Daily chart and it's appear that Bitcoin could to continue up toward $22k. The key word that I found out it's that Bitcoin break out the correlation vs. the traditional markets. So, in the past week, as I traded Forex and Bitcoin only, I get some loss and some earns. As past week, was a little hard how the market move on. What I result with -6.77% loss according my weekly risk management fix to 6%. But we see a very clear perspective what happen in the markets. So guys, I will like to trade Forex combine with some cryptocurrencies, Gold, Silver to earn more expectative for my analysis.
COINBASE:BTCUSDLong
by harisonhbn9718
4