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Trendanalysisexplained

USD/JPY: bearish movement toward $130 JPYU.S. Dollar/Yen Japanese look bearish in this side very clearly that could to continue drop following the speculating news that I share in my twitter. We see as first two past bearish candlestick in H1 timeframe forming like a medium bearish candlestick with a down wick and a up strong rejection wick that formed,this it's a strong indication of the bearish movement. Now, use very wide the price action and they help you to define your trade. I will put a sell order limit in $131.92 JPY, Stop Loss in $132.60 JPY and take profit in $130.00 JPY. We have a potential to get 191 pips. This it's a risk/benefit of 1:3. Tomorrow we have FED chair Powell speaks and Thursday we have U.S. Core CPI (DEC), in the past 2 month came bearish from November 2022 and we hope the following key points to watch here: Speculating News: 1) Dollar has peaked but set for last hurrah as markets underpricing FED tightening 2) According to Goldman Sachs, U.S. Dollar has peaked , but economist believe that in the coming months before resuming a steeper downtrend as Federal Reserve done for longer rate and isn't yet priced in. 3) A note from Goldman Sachs comment that Dollar isn't likely to revisit the September 2022 highs, after that Dollar has peaked. But it's still likely to experience some phases of strength in the nest 3 to 6 months. Good Luck!!!
Short
by harisonhbn9718
6
USD/JPY: Lower High market structureUSD/JPY it's suppose to continue bearish, but it's appear that watching from now!!! We're in the formation of the upside movement that we can to contemplate that it's making LL = Lower low, then HH = Higher High, then Lower high recently. And also, this could to get me an clue that USD look bullish in this formation that Dollar make. It's better analyzing how the par behaviour!!! This it's the H4 panoramic there!!! And also, it's unlike that Dollar going bearish in this way as we form a bearish channel ,but we're in the key support here that I mark in the blue arrow. So guys, I change to long in USD/JPY now. It's time to change to short from long in this market structure explained. I put in long now in $132.47 JPY, Stop Loss n $132.01 JPY and take profit in $133.95 JPY. Good luck in this long position
Long
by harisonhbn9718
3
EUR/GBP: Pull back in the bulish channel This it's the continuation of the analysis that I'm still in long position, but as I closed up my long position, but now, in the good point to enter could be here. And I will cancel my short as it's not the good moment to short Euro when still bullish. I will hope the candlestick formation and we hope a bullish signal in the price action in hours more later for H1 timeframe If you see with caution, we see this bullish channel and EUR/GBP make this break out to the upside. What it's look an interesting movement to the upside. I hope that this analysis support you very well!!! I will still update this par in hours later. Keep update here!!!
Long
by harisonhbn9718
3
NiftyBank trend for tomorrowToday a V- shaped recovery has been seen in Niftybank from previous day's low of 41900 today it stand near 42500approx and it moves beyond that and went upto 42700. If this upward trend sustains above 42700 for tomorrow then it will hit 43000++ and will show strong momentum. But it has reversed somewhat today which shows a clear indication of inverted head and shoulder pattern on a 15 min timeframe which says if it crosses below 42300 and sustains below that then niftybank will hit 41900 and fall below that which will ruin everyone's portfolio to some extent. So, basically what I am trying to say is that opening and the market momentum after half day will clear our confusion. Moreover DIIs buying in cash market was more than the sellings by FIIs today.
NSE:BANKNIFTY
by TripuraInvescorp
2
TSLA: CRASHING! What to expect next? (key points UPDATED).• TSLA is still in a clear bear trend, doing lower highs/lows, trading below the 21 EMA; • What’s more, there’s a trend line connecting the previous top levels on TSLA since Dec 09 (1h chart); • The key support is $104. Although TSLA lost this support for a brief moment today, if it closes above it again it might avoid a further correction for now; • We mentioned this support level yesterday. The link to my previous public analysis is below this post, as usual; • The problem is the trend line, which is our main resistance level. Only if TSLA breaks this resistance it might have a chance to reverse and seek higher levels; • What’s more, the 21 EMA is right at the trend line, making this a dual-resistance area. • Let’s keep our eyes open at these key resistance/support levels for now. 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
5
EUR/USD: Bearish expectative to reach the key level in $1.0440In this analysis, we see that Euro look in the bearish side, but I will going to explain each timeframe what happen here. In daily timeframe, we see very clear that Euro/U.S. Dollar break up the EMA 200 and market structure indicating a bull market incoming. Based in this clue to trade to long in swing trading. But if you're analyzing the H4 timeframe, it's unlike probable that Euro doesn't forming any bullish channel or market structure as it's very clear that we're in the correction yet in H4 and H1 timeframe to reach a new lover to $1.0460 USD. But there're not some bullish signal for this timeframe and H1 too. But now, we see a bearish side that we can to get this opportunity to make this trade in January 2023. Trade Information: 1) Entry Price: $1.0558 USD (Buy Order Limit) 2) Stop Loss: $1.0609 USD 3) Target Profit: $1.0440 USD 4) Pips: 117 pips
Short
by harisonhbn9718
22
EUR/GBP: Reaction point to watch in £0.8764 GBPIn this analysis, we see a nice setup that we can to prepare for both scenario here, first berish and second bullish in the smart point like sell here and buy here. But nothing will be to make a good preparation here. So, we see in H4 timeframe two scenario that it's very possible to watch in the next hour in EUR/GBP. And below of this sentence we see a explanation that we can to get a possible drop toward £0.8764 GBP and then a bullish setup from this smart point, and also another possible will be that EUR/GBP just make a consolidation and then drop, or make a consolidatio with some time and then make a cheat in the market, it's a thing to watch here and take this both scenario. But in my personal opinion, I believe that EUR/GBP will drop until £0.8764 GBP and then from this smart point will be a bullish setup. And also to take a perspective in Daily timeframe, we're bullish!!! Now, I will make a 2nd analysis there to explain why I decide to short EUR/GBP Good luck!!!
Long
by harisonhbn9718
2
SPX: Be AWARE of this RESISTANCE AREA! 👀• The SPX is trying to recover this morning, but it has yet to break its major resistance area in order to reverse the bearish sentiment; • Together, the 21 ema and the green line at 3,911 make a dual-resistance level on the index, and only if it breaks this price area it’ll have some chance of reversing; • Any top sign under this resistance level might indicate a bearish continuation, making a rally to this area just another Dead Cat Bounce; • The next technical support would be the 3,744 (red line); • As long as the index remains under the dual-resistance, it won’t be easy for the bulls. 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 Things To Do After You Lose A TradeWe have all been there. You analyze a trade setup. You know how much you're going to risk on a trade. You enter the trade just to come back to your chart and find you've been stopped out. It's not fun. It sucks. You thought the setup would work because you followed you rules. The thing is, the market is the market. In my early stages of trading I hated being stopped out. My reasoning was because. I had no idea how to make up for my loss. I thought if I just plotted more lines and levels on my chart I could enter the trade again and make my money back. The problem I kept running into was I had no idea why I lost the trade or how to handle my feelings. I also had no real plan on how to adjust to the price change. I honestly thought my levels or trend lines didn't work. It was deeper than that. What changed? I had to change the way I viewed the market and my next steps to recover my loss. Not only that, I had to learn how to be "ok" with losing money. I created a 3 Step Process that would increase my probability of winning my next trade. Because we are a trading family, I thought I'd share it with you. Step 1: Access my previous trade You hear this all the time, "I made a mistake thats why I lost the trade." The true question is did you really make a mistake or did you follow your trading rules? When I follow my rules no mistakes are made. When I lose a trade that can mean 1 thing. The market reversed. This leads me to step 2. Step 2: Change my bias In the book The Unknown Market Wizards by Jack Schwager, I heard the most beautiful and profound statement by one of the wizard traders. He said, "I realized I have a right to change my mind about my trade at any time." I can't tell you how that made me feel. I've been doing that all along, but this market wizard summed up my actions in just one sentence. When I'm stopped out that means I have to change my mid about the direction of the trade. I made being stopped out so simple so I won't confuse the next action I should take. That leads me to step 3, update my chart and adapt to the new price movement. Step 3: Update and Adapt I have a no nonsense rule and that is to stop trading in 1 direction if I'm stopped out. Go opposite. I'm a true trend trader. I don't naturally trade against the trend. It gets me in trouble. So at the first sign of trouble, I adapt. See, USDCHF was in a downtrend. I sold the trade at 0.92835( sell limit) and overnight I was stopped out. It happened so fast and just as fast as I was stopped out, I knew I had to become the buyer. My Mental In the recent past, being stopped out would have spooked me. Now, its making me want to come back to the charts to face my fear. I used to have a fear of success and failure. Now I have a hunger to want to succeed and learn. Putting on trades is a bit more fun since I've began working with pending orders. They challenge me. Especially in situations when price reverses and I'm stopped out. I pray you gained new insight and a key takeaway on what you can do next after you lose a trade. Just remember, losing a trade doesn't make you a loser, it makes you a trader. Comment down below what your takeaway was. I'd appreciate it if you could like the post. It helps boost my Trading view reputation. Much love, Shaquan
Education
by ShaquanLopez
MY VIEW ON GOLD/XAUUSDMy view on OANDA:XAUUSD Gold has been in a Bear Run for a while, printing LLs and LHs, following the significant trend. Now: Gold has broken its significant trendline with a big green candle showing the heavy buyers in charge, and RN it is around the Neckline(check analysis). Plan A: Sell from the neckline if see any bearish signal Plan B: Buying after the neckline breakout or when it gets retested after the breakout. Trade your levels accordingly. Your feedback would be appreciated and you can also share your analysis on Gold. Best of Luck!
OANDA:XAUUSD
by abubakarmansoor
2
AUD/CAD: A range formed!!!Australian Dollar/Canadian Dollar it's in the range formed as the past symetric triangle fell, but Aussie still bearish what I hope a bearish return from this smart point. What I was shorting AUD/CAD from $0.9142 CAD, but I decide to short from $0.9177 CAD as hit my break even and loss only 31 pips. But not bad, as this trade it's only developing a possible drop and change of trend that I come say here. We're in this range and the symetric triangle may to make some changes in the update, but we see that we're in the smart point to sell hee. Another expectative could be a possible formation of the ascending triangle in H1 timeframe, but I don't believe in it that AUD/CAD will climb up as we broke down the trend. Good lucl if yuu follow my my indications in AUD/CAD!!!
Short
by harisonhbn9718
9
Cardano: Sell off toward $0.21 centsADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action. Meanwhile, if we closed up with a bearish signal in Daily candlestick, this could to mean that ADA will drop in the next couple days in this market crash. I hope that you enjoy to trade cryptocurrencies to short position. Good Luck!!!
BINANCE:ADAUSDShort
by harisonhbn9718
1
GBP/USD: Sell point in the order blockGreat Britain Pound/U.S. Dollar look an interesting trade that we can to take it. But, we can't to take decision fast as before, we need to take cautious to analyze the chart and how the movement will develop it. So, in this timeframe I'm watching 2 important levels: $1.2058 USD and $1.2080 USD to take a possible smart zone to sell Pound/Dollar. So, in case that GBP/USD overpass the level $1.2058 USD, we can to see a liquidation and market trap until the next level $1.2080 USD, what this mean that amateur trader may to take long position believing that this par will take long toward $1.2150 USD. But that will not the case, as this could be manipulation, liquidation and market trap created by institutional like big banks investing in Forex. Pound still bearish in the bearish channel formation what may to drop significantly. Good luck1!!
Short
by harisonhbn9718
2
AUD/CAD: UpdateAs I follow this trade from the past week. This it's the quickly update that I knew very well one thing. As before I said that AUD/CAD will climb, thing that happen when I told you in the past week, what as result, climb but I don't cached the opportunity. But analyzing from the H1 and H2 timeframe, we're in the correction that the market structure speak us that a bearish movement it's developing now!!! So, as I put a sell order place in the $0.9142 CAD. I'm bearish from this point and then, I hope that AUD/CAD continue down to $0.90 CAD. What for now I change and fix my target from this point. What this mean if AUD/CAD reach my target, I will get 137 pips in this trade. So, the entry doesn't like bad and definitely, that was a pretty good entry price. So, the only that I can to watching it's one thing that when analyzing the timeframe, it's very necessary to draw the order block in the smart zone to sell, that will help us to find up a perfect entry. This trade it's appear that was almost perfect. Also guys, what I draw in purple big circle, it's to recall in your trading style that this it's the starting of the bear market trap, as during my trading time, I see this pattern in a lot case of study that this it's the beginning of the bear market. And I hope that this case of study help you in your career.
Short
by harisonhbn9718
6
AMD: Still bearish, but could it REVERSE from here?• AMD is trading at a key support level, around the 61.8% Fibonacci’s Retracement; • In addition, last week, it filled a previous gap at $63.05. This gap is another support level for AMD’s price; • What’s next? Keep in mind, it is still a mid-term bear trend, as AMD is still doing lower highs/lows and it is below the 21 ema. If it loses the $63.05, it’ll just resume the bear trend and the next technical support is at $59.86; • Could AMD reverse the bearish sentiment? Yes, but it has to break the previous high at $67.85, along with the 21 ema; • As long as AMD stays between its main support and resistance levels, nothing new will happen. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
SPX: Trading around a KEY SUPPORT level! What's next?• The SPX is still trading at its key support level, just above the gap support at 3,818; • The trend is still bearish, and if it loses this support level, it’ll resume the bearish sentiment to the next support level, which is at 3,744; • However, the index is trying to bounce, as we saw some bullish reaction last week; • Any bounce would have to face a major resistance level around 3,911. The 3,911 is a key point that worked as a support and resistance multiple times in the past, and it is where the 21 ema is right now; • As long as the index stays between these key points, nothing new will happen; • Either way, 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
4
BTC/USD: Waiting for short positionIn this H8 timeframe, as I make this analysis, we see a nice position to short and we should to hope in the next hours to develop their movement until $17,300 USD approx. and see if this it's a good zone to short Bitcoin. What I advice you to hope that the price develop their movement and find up a smart zone to short. Also, another way could be that Bitcoin overcross the expectation that I fix and trying to reach the $17,700 USD approx. and then, forming a cheat in the market, this it's another smart zone using horizontal line that I draw here. Good luck!!! This it's the Daily timeframe to take this overview there!!!
COINBASE:BTCUSDShort
by harisonhbn9718
Bitcoin: Weekly Overview!!!Bitcoin still in this downtrend and the price still in the range of $16,800 USD what bears are taking control in this trend and also, this it's a nice opportunity that price speak us that investor keep with this bearish sentiment. So, we could to trade in swing trading and short Bitcoin from this timeframe if you want or analyzing big timeframes like Daily timeframe and H4 or H8 timeframe. H4 and H8 timeframe are better timeframe if you trade over Day timeframe strategy. But it's a nice setup that I'm very clear with this perspective that price it's been leading to make a new minimum around $12,365 USD- $13,523 USD. If you buy in this range, this could be a good strategy to starting to accumulating Bitcoin in this opportunity that Christmas season give us .
COINBASE:BTCUSDShort
by harisonhbn9718
BTC chart in pair to USDT on a four-hour interval.BTC chart in pair to USDT on a four-hour interval. As we can see, BTC has been moving in the sideways trend channel for a long time, moreover, we can mark the triangle with the help of white lines, which we are currently trying to lower down. Now, with the help of Fib Retracement, we will check the support places for BTC in case the price starts to fall and here we can see that we have the first support at the price of $ 16,762, the second at the price of $ 16,666, but stronger supports are at the levels of $ 16,573, $ 16,444 and $ 16,274 which is the location of the last price low. Going further, in the same way, we will determine what resistance the price should encounter on the way to increases. As we can see in the first place we have a strong zone with which the price is currently measuring from $16868 to $16956, only when it breaks out and positively tests the resistance it will start moving towards the second resistance at $17060, then $17374 and $17888. Please pay attention to the volume because you can see that it is not high, but with a predominance of candles on the buyers' side. Next we have the CHOP index, where we see that a lot of energy has been collected, which may indicate an upcoming strong move, while the MACD confirms the uptrend. Let's also pay attention to the RSI on which we can see that the corrections are getting weaker and that there is room for an upward move.
COINBASE:BTCUSD
by cryptodailyuk
NVDA: Key Support/Resistance levels to PAY ATTENTION! [UPDATED]• NVDA did exactly as we expected since my previous analysis on it, as it lost our dual support level, and it hit our target at $150 (the link to my previous post is below this analysis, as usual); • Now, NVDA is in bearish territory, as it did a lower high/low, and it is trading below the 21 ema; • In order to reverse this bearish sentiment, NVDA must do a clear bullish structure, preferable above our support at $150. So far, there’s no clear bullish reaction; • If it doesn’t react, and loses the $150, the next technical support would be the 61.8% Fibonacci’s Retracement in the weekly chart; • Speaking of weekly chart, there’s a key trend line connecting NVDA’s previous top levels (purple line), and NVDA has to break it in order to trigger a long-term bullish reversal structure; • Let’s see if it’ll react above one of its key support levels. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra