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Trendanalysisexplained

GBPUSD Long Term Analsis (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop losses or levels and trends that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
What Trading Consolidation Looks Like?Should you trade consolidation? Well, the real question is are you a consolidation trader? If so, what does consolidation trading look like to you? Not all traders will have the same answer because no trader knows when consolidation will form until it happens. What you will do when it happens is solely based on what you believe to be true based on your beliefs about trading and your trading strategy. What is a market condition? A market condition is a type of way the market moves. Much like the weather outside, you dress based upon the temperature outside and you choose your style of clothing. You can't control the weather, but you can control what you do. Much like you can't control how price moves, but you can control how you trade it. The way price moves determines the strategy you choose to trade it based on your trading style. When consolidation begins forming you may notice a few things such as: 1. Its hard to gauge the price direction 2. Price moves sideways between an extreme high and low for an extended amount of time 3. You may be stopped out more often or have to wait longer before placing a trade if you are a trend or breakout trader 4. You may trade well within the ranges of crazy price movement in between the extreme high and low prices. The bigger question to ask yourself when you notice consolation forming is do you do well in this type of market? If so, what are the steps to trading this type of condition? Do you look place horizontal trend lines? Do you look for patterns such as wedges or flags. If no, the current currency pair or asset will be best to ignore til it begins to trend again in your favor. What will that look like? Is it a break out of the horizontal trend lines? Is it a break out of your pattern? Either way, as a trader, it's best you determine what consolidation looks like to you and decide to trade it or not to trade it. Construct steps around how you trade it and position your risk size according to this type of condition. For me myself personally, I do not trade consolidation. I am a trend trader and my motto is, if I'm not in the trade before consolidation forms, I'm not trading at all. I also don't create consolidation strategies. Thats just me personally. It helps with me mental capacity and keeps me focused on what works for me. I'd like to know, do you trade consolidation and if so, whats your best strategy. Lastly, thank you for reading my post. Be sure to like it. It lets me know you enjoy reading what I love talking about in my free time, trading. ❤️
EIGHTCAP:USOUSDEducation
by ShaquanLopez
2
AUD/JPY: bullish setup to $95.40 JPYIn this analysis, I see a potential long position in AUD. What I believe that based in the fundamental news, Japan has some bad news that I will share you more later what I read. But I iwll focus on technical analysis here: In Daily timeframe, we see a AUD so bullish that could to continue in this way to my forecast, what break out this bearish trend line and RSI in Daily look strenght that may have demand in AUD. in H4 timeframe, AUD/JPY forming a bullish channel, what based in price action, look bullish and I'm very focus in this analysis here. And also, in H1 timeframe look bullish. We see an ABCD pattern formed and we could to see a potential upside. Also to know, in H4 timeframe the price it's resting the EMA 200 like support and watching the grey zone over the EMA 200 work as support too combining those analysis. Now, I'm bearish in JPY as there're some bad news in the Bank of Japan that you must to read, but more later I will share that. And in some hours, we have our big event about Reserve Bank of Ausralia Interest Rate Decision what I hope that become bullish That it's all!!! I enter in $91.27 JPY. Stop Loss in $90.04 JPY and take profit to $95.40 JPY Good luck
Long
by harisonhbn9718
15
TSLA: Another Rally?• TSLA broke our key resistance at $200, indicating that this rally might persist a little longer; • Now, our previous resistance at $200 becomes a new support level for TSLA; • Now TSLA is way above the support at $182.50 and the 21 ema. This could indicate that it is overbought, but it won’t correct unless if it does a clear top sign, a so far, there’s none; • The next technical resistance on TSLA is the $237, which is around the 61.8% retracement in the weekly chart; • There’s a possibility it’ll find a resistance at the 50% retracement as well, but in order to do that, TSLA would have to do a top sign as soon as possible; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
TSLA: About to Explode (again).• TSLA finally hit our target at $200, and it seems it wants to break it today; • In this scenario, the trend will remain bullish, and it’ll seek higher levels, until we see a top / reversal sign. Either way, the next resistance is $237 - that's our next technical target; • A pullback would be good, but TSLA isn’t giving any sign that it’ll correct right now. If it does a clear top sign under the $200, then we might think about a correction; • Even if it corrects, there’s a support at $182.50 (red line), and wouldn’t be easy for TSLA to lose it; • Eventually, TSLA will correct – but not today, it seems. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
13
EUR/CAD: pull back with hopes by technical analysisEuro/Canadian Dollar may to forming a possible bullish setup that we can to benefit for this short movement in long position. At the moment, there're some signal like RSI that form a bullish divergence forming a lower high, but there're not any signal in price action to entry in against the movement bearish when lead to bullish movement. For the moment, I will hope the confirmation of bullish pattern there. By the contrary, will be that EUR/CAD lead to $1.4410 CAD depending the type of price action we see, it's important to study it the behaviour. As 1.4410 work like resistance to short. Now, in H4 timeframe I'm looking a long position based the points that I have mark there. So guys, I hope that this analysis support you!!!
Long
by harisonhbn9718
8
SPX: Above a Support Level.• Yesterday, the SPX corrected just to hit our support at 4,100, and now it is stabilizing in this area; • We have been monitoring the 4,100 for a while, but we clearly stated that this was our support level in my previous analysis (link below this post); • It is still a risky situation, and if the index loses this support it might trigger a sharper correction to the 21 ema; • On the other hand, if it does a bullish structure today, this might be just a bullish continuation sign, and the index would resume the bullish bias; • In this scenario, there’s an open gap at 4,218, which would be our next target; • This is a critical key point on the index, and it all depends on how it’ll react from here. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: Big Move Ahead.• TSLA is struggling under the resistance at $200; • This doesn’t mean that TSLA is poised to correct or reverse, as there’s no top sign on it yet; • Right now, TSLA is in a “no man’s land” between the $182 - $200; • Only if TSLA loses the $182 we might see a sharper correction to lower levels – remember, since it is a bull trend, corrections might be opportunities to buy/add position. As long as TSLA remains above $182, no correction will occur; • On the other hand, if TSLA breaks the $200, then the bullish bias will persist, and the next technical target is the $237; • Either way, if TSLA corrects, now would be a good time to see a top sign, since we are under a clear resistance. Let’s see how it’ll react today. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
5
Daily review of BTC interval 4HHello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. In the first place, we can mark the uptrend line from which the price went down, while locally we move in the downtrend triangle. Now we can move on to marking the places of support in case of deepening the correction. And here, in the first place, it is worth marking the support zone from $ 22,797 to $ 22,342, however, when we fall below this zone, we can see a drop to around $ 21,888, and then to the support zone from $ 21,227 to $ 20,400. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. We will first mark the resistance zone from $23,458 to $23,923, when we manage to break it, we will move towards the resistance at $24,274 and then $25,276. Now let's pay attention to the EMA Cross 10 and 30, we can see exactly where the red line of the EMA Cross 10 crossed the green line of the EMA Cross 30 from above, which confirmed the entry into the downtrend. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator confirms the entry into the local downtrend, while the RSI shows a visible rebound, which may give room for new increases.
by cryptodailyuk
1
SPX: Trend Analysis + Next Key Points.• The SPX went up nicely last week, but it seems it is finally showing exhaustion signs; • Although a pullback is plausible, the trend would still be bullish, as the index is still doing higher highs/lows, and it lacks bearish reversal structures (it is showing exhaustion, but this is different than a reversal structure); • For now, let’s watch the support at 4,100 closely, as this is the next support level on the index. If it loses it, a sharper correction might occur; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
TSLA: Get Ready.• TSLA is very bullish, and there’s no technical signs of exhaustion on it yet; • TSLA almost hit our target last Friday at $200, which is a technical resistance level; • The key support is at $182.50. This is the key point TSLA must not lose in order to maintain its bullish momentum; • Right now, TSLA is in a “no man’s land” between the $200 and the $182.50, and only a clear breakout would resume the trend, or trigger a correction; • Get ready and watch these key points closely from here. I’ll keep you updated on this every day, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
SPX: Poised to Reverse the Long-Term Bear Trend.• The SPX broke the key resistance we mentioned yesterday, the 4,100, indicating a continuation of the bull trend (the link to my previous analysis is below this post, as usual); • What’s more, if the index remains above the 4,100 in the weekly chart, it would trigger the first bullish pivot point since the beginning of the bear market; • Since the index broke a key resistance, and so far, it is not doing any bearish sign, the next technical target is the gap at 4,218; • If the index does a clear bearish structure, closing under the 4,100 again, then this might be a top sign, however, there’s no evidence pointing to that direction yet; • The trend is still bullish in the short/mid-term. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
CAD/CHF: Incoming break out inminentI follow this par to long position. As I trade in the direction based in the strong key in market structure. We're in some minutes to closed up the candlestick in H4 timeframe, what if this will bring us a bullish signal, this will be a good signal to buy. Now, to be quickly, I see that we identify a smart point in the yellow zone that I draw in H4 timeframe very well, that mean a bullish signal, as this trade I was in long and hit my SL in $0.6880 CHF in my first trade, I re=entry in this second trade as i still in bullish. The only thing it's work a little more the precision in the entries as first I enter in the first big candlestick in H1 timeframe to long, but hours later, drop a little and hit my Stop Loss. what this form a bullish channel flag in H1 timeframe. So guys, we're still in long and there's an opportunity to entry early in long position So, we hope that CAD going to our trajectory in my analysis. Take profit update to $0.6968 CHF. And SL in $0.6859 CHF. Good luck!!! Good luck,
Long
by harisonhbn9718
11
SPX: This Could Change Everything. 👀• The SPX successfully rejected the Below the Stomach candlestick pattern from yesterday, and it failed in breaking the support at 4,015; • This is a sign of strength, and makes a correction to the 21 ema less likely; • The trend is still bullish, as it is still doing higher highs/lows, above the 21 ema (D), and there’s no clear reversal sign on it yet; • Although the SPX rejected the Below the Stomach from yesterday, it has yet to break the resistance at 4,100; • The 4,100 is a bullish pivot point, as seen in the weekly chart, and would be the first one since the bear market started in January 2022 - this could change everything and put an end on this bear market. The index already did an upwards breakout from the Descending Channel seen in the W chart; • For now, the key points are 4,100 and 4,015. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
SPX: A Dangerous Resistance. 👀• The SPX is correcting today, back to its 21 ema in the 1h chart, as usual; • In the daily chart, there’s still some upside left, as we have yet to retest the 4,100 area, but the index is quite far from its 21 ema in this time frame; • If it loses the 21 ema in the 1h chart, or does a clear bearish structure, then it might correct to the 21 ema in the daily chart, around the 3,800; • As long as the trend remains bullish in the 1h chart, hardly a sharper correction will materialize; • Therefore, let’s pay attention to the 21 ema (1h), and on how the index will react from here, as it is near the resistance at 4,100; • So far, no clear top sign. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
11
CAD/CHF: Pending for next opportunitiesCanadian Dollar look in the possible neutral market that we can't to trade, but I believe that there're a lot bullish sentiment that the trend want to continue up. But, I'm take care what I see, because we could to see that CAD/CHF down a little to $0.6902 CHF, and then, in that yellow zone it's a smart point that we can to buy, another possibility it's that CAD/CHF weak in the resistance in $0.6912 CHF in this border and start a bearish trend, that we need to take time to definy where CAD go. But I'm preparing my trade plan in both scenario. So, price action it's very indispensable to take as knowledge. So, I will pending and keep away of this trade until definy one of this model that I show you. Keep update here!!!
by harisonhbn9718
11
AUD/USD: Possible correction to watchAussie look bearish from this point, but after this bull trend. Aussie look a potential correction from this point toward yellow zone, what it's the smart point to buy, but institutional will make all possible to take a lot liquidations about long position. What you will need to take carefully, it's very surely that Aussie will experiment a correction to $0.7060 USD. a nice opportunity to short there. Beware with long position!!! Wait a little more until I identify very well in the Sydney session any bearish signal there. I will keep update this par, it's a nice opportunity to short!!!
Short
by harisonhbn9718
4
GBP/CAD: entry in the 0.618% fibo to bullish setupWe see a nice opportunity to long GBP/CAD to the bullish setup that I have in my hand. First, GBP/CAD still bullish. In H4 timeframe, GBP/CAD still in the descending trend that became bullish from January, 8, 2023. What this mean a great opportunity to entry to long in USD/CAD from this month. Now, in H1 timeframe we see that GBP/CAD made a price in the 0.618% fibonacci level, indicating the best zone to buy. The EMA 200 could indicating support later of this fake break out. For the moment, I decide to put a buy order limit in $1.6524 CAD, Stop Loss in $1.6474 CAD and take profit to $1.6665 CAD. I hope that this classic analysis support you Good luck!!!
Long
by harisonhbn9718
15