USDJPY - Daily Trendline Break - Down Movements expectedHi Traders!
The market was in an Uptrend, but it is now turning into a Downtrend.
As you can see we here have a bullish Parallel Channel.
The lower side of the Parallel Channel is also a daily Trendline.
This Trendline just got broken.
Now the market pulled back after the Breakout.
Beside the breakout, something important occurs too:
The lower low.
Now, the market is in a Pullback and if you consider the last top as a High, then it is a Lower High.
A possible entry would be the Break of the dashed Trendline.
Thanks and successful Trading :-)!
Trendchange
USDCHF - Successful Retest of Range-Breakout Hi Traders!
The market seems to go down now after it was moving in a Box.
The thoughts are written down on the screen above.
If you'd like to ask something, please don't hesitate to do so!
We recommend to set your SL not too far away to increase your RTR ratio!
Thanks and successful Trading :-)!
NZDUSD - Potential Trend Change - Bullish Flag PatternHi Traders
The market was in a big Downtrend, but now it seems to reverse.
Let's go one by one on what happened and what it potentially means:
The market is going down on the left hand side.
It makes lower lows and lower highs.
During this process, a (dashed) Trendline occurs.
After that, a Range (purple Box) developed.
This Range got broken bearish, but shortly after that, a big up-movement occured.
This up-movement even broke the upper Resistance of the box.
This time, we have a higher high and think about it: In a downtrend!
The market starts to retrace in a flag.
It also formed a low - a higher low.
Now it seems to be a Bullish Flag Pattern - near the big important Trendline.
If the market breaks this important Trendline, it simultanouesly breaks other Keylevels and the market will continue bullish.
We recommend to buy as low as possible for the best chances to hit the TP and for a more favourable RTR ratio.
Thanks and successful Trading :-)!
USDJPY - Triangle Break expectedHi Traders!
As you can see, the market is moving in a descending Triangle after an Upmovement.
Furthermore, it is moving in a Range.
We also have Lower Highs which shows bearish strength.
Additional Confirmation:
It looks like the 50 MA is going to cross the 200 MA bearish.
This would be a golden cross then.
The target is the 61.8% Fibonacci Retracement which is at the H4-Trendline.
We recommend to enter underneath the 200MA!
Thanks and successful Trading :-)!
USDCAD Bull- I will be placing buys at the two levels represented by the black arrows (1.20500, 1.19250)
- I believe this market is overextended and needs a retracement
- EXIT target is 1.23500
Manage your risk, this will end up a winner.
Also invert this chart it maybe easier to see the direction :)
Good luck
Is Bitcoin about to enter Downtrend 123 top confirmed!Hey Traders so I just noticed that there a 123 top on the Bitcoin chart that has now completed. I think this can be a possible trend change coming if more sellers continue to push the market lower. I am not totally sure the correlation of Bitcoin to other crypto currencies as I am still new to this market. But from what I am reading they are correlated and follow Bitcoin to a certain degree. As a new crypto trader I did buy a few coins with tron and siacoin and I am noticing weakness ever since Bitcoin has started to also weaken. Let me know your thoughts on Bitcoin!
Enjoy!
Trade Well,
Clifford
(All opinions expressed are for educational purposes and this is not a recommendation to buy or sell)
(Always use risk management before entering any trade)
(Past performance is not guaranteed for future results)
Candle in the wind?Sometimes a single candle can make a difference. How? It could trigger a trend change.
This is not a prediction. It is vigilance for a trend change. Single candles on any time frame often fail.
Position is everything (well not exactly). Some say it's luck. I say it is a chance to see how wrong I am. Acceptance of being wrong for a controlled loss is the business.
If one cannot afford to lose in this business, then winning is practically impossible.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
How to overanalyze a lesson.Trying to draw in control price. As usual I'm allowing the market to frustrate me. Getting my feathers ruffled is a habit I really need to kick.
BULLISH MOMENTUMHELLO TRADER'S THIS IS MY BULLISH TREND ANALYSE . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND YOU CAN ENTRY .THIS IS MY OPINION ONLY NO MORE SIGNAL .
Incorporating Control Point into Shifting Value Areas. BIDU.Next section of Chapter 2. This one tried my patience a little bit, but I think I was rewarded. My findings feel pretty clean.
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Monthly look at BIDU. Investigating how time spent above or below control point in a channel can signal the future of a trend continuation or breakage.
EUR/GBP bullish breakout signalWe can see a bearish trend from dec till now but we see a flag pattern forming, so a breakout is possibly coming. Currently the market is going sideways so there is a lot of action building up. Wait the price to hit support level or break resistance. Than open 3 position with S/L on 0.8536, first T/P on 0.88, second T/P on 0.8878, Third T/P on 0.89575. When first T/P get's hit change the S/L on the remaining 2 trades to 0.88. Curious about your opinions!
Second example of Heikin-Ashi system, legendary profitsHere is another example following on from my first post. Another indicator that’s important is when the CMF is below the 0 line and starts to turn towards the 0 line. this is a sign of strength and a sign that the weakness in the market(downtrend) is coming to an end. The change comes at the exact point of the Heikin-Ashi doji which means that this is a strong entry.
As you can see this trade worked out and proves that Heikin-Ashi can be very profitable if it is followed properly.