Next bullish move in DeFi Chain?From a purely technical standpoint - this chart pattern is bullish. If you ignore the ugly spike on November 11th, this is a nice symmetric triangle which, as it occurs in a bullish trend, is more likely to get resolved to the upside.
Of course, it all depends on what BTC is doing, but the likelyhood that the trend will continue in the 1st half of next week is a bit higher.
Trendcontinuation
EUR/AUD shortsDaily bearish trend
Shift of structure in the lower time frames
Entry based on BOS
3+ RR
TA: Bitcoin going down to Retest $55k-$50k before November 25Bitcoin may be going down to retest $55k-$50k on or before November 25. According to Technical Analysis conducted on the market structure by my group, we find the candlestick patterns repeating candlesticks that signifies a downward movement. However, we note that when trend breaks above the market level and starts retracing it’s maybe coming to the former support zone from whence it climbed.
Taking into consideration the recent candlestick patterns and the current market structure, we see the market continuously breaking structure to the downside. Predicting from a reasonable bias the bears in Bitcoin market are strongly in charge now and ready push to $55k to rest on a support zone where the bulls can later have a hands on.
However, it’s a matter of market and anything can happen. We are not going to forget that whales can jump in a change the bias.
Let’s look out for Bitcoin at $55k soon!!!
GBP/USD short position HTF bias - bearish. Price action formed a double top into a supply zone, which showed me that there was strength from the sellers in the market for a further push down, although i do like to see the market push up and grab liquidity, this doesn't always happen and sometimes when it does, it may stop you out depending on market momentum, but you have to accept this is part of trading and the winners come with the losers, its our risk management that is our true edge to becoming consistently profitable. This was a good set up and i like seeing a similar set up but with a double bottom in a Bullish market into a demand zone.
Had a very eye opening and humbling week in the markets (having some nice winners followed by some losers and then over trading and nearly ruining my entire week). Its all part of the process and although i am annoyed with myself for giving profits back and not sticking to my trade plan. (i was trying to predict a reversal).i have learnt some valuable lessons.
Lessons learned this week.
-Be consistent with Journaling your trades. Especially the losers which I will be posting on here! you will only ever learn from this.
- Never risk more than 1.5% per trade (i was risking 2% on several trades this week, winning and losing trades)
- Do not move stop losses!! I cant emphasise this enough, you are increasing your risk when you do this!! If the market isn' moving in your anticipated direction, you are wrong (and that is fine! reduce your position or close it). there will always be more trades to take!
- None of us truly no what the market will do or where it will go (except the big players) so don't try and guess when a reversal will happen.
-This is a game of probabilities
- If you have more than 2 losers in a row, come away from trading for the day and go for a walk, we all like making money but sitting on your hands in this game is paramount.
- I am now creating a rule where i will not place more than 1-3 trades per week, even if they're all losers. Im focused on highly quality set ups. (like above)
Thank you for reading, I wish you all a great weekend and hope you can learn from my mistakes.
Joe
GBP/USD short position using supply and demandHigher time frame trend was bearish, price action broke a previous level of support and created a new supply zone which was retested as it didn't push or close above, i waited for a close of the candle and then I placed a short position. 1:3 Risk to reward.
GBP/USD short position Higher time frame trend was bearish, price broke a previous level of support and created a new supply zone which was retested and once it didn't push or close above. I placed a short position. 1:3 Risk to reward.
GBPAUD > A Possible Trend Continuation Setup!!I hope you are feeling generous and loving today to give me a like and leave a comment it will support the creation of new free ideas for you.
Analysis on #GBPAUD
Possible selling opportunity might come soon near strong trend line resistance also big 1.8400 number.
I have very complicated rules for engagement in trend continuation setup which requires many confirmations for entry.
I will be watching the price near my kill zone looking for a confirmation the market is turning bearish and stating gathering confirmation for my entry.
Forever grateful for the time you spent here reading my analysis.
Check today's analysis below⠀
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
BTC Trend since 2010 Leading up to NovemberI found a fractal on the BTC chart that shows that when there is an uptrend leading to November, there is a strong continuation.
This gives me reason to believe that we will see a trend continuation in November 2021 and possibly all the way to the cycle top.
Data from 2010: averages tell us what the cycle top might be
(See Next Idea - 🚀Bitcoin Cycle Top Fractal 💲110k - 💲286k!!!!? 💵🚀)
See the idea on my YouTube channel Link
GBPUSD SellHey guys, today we are looking at GBPUSD. I am seeing a sell, due to a break and retest and touch of a trendline... My stop is 30 pips and my target is 100 pips... Lets sell and see what happens in the coming days guys...
GBPUSD - Price at Top of Down-Channel - Trend ContinuationHere is the summary of the indications:
Market in a longterm Down-Channel
Market now in Retracement Channel
Market now at the Top of the longterm Down-Channel
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Hi Traders!
The setup of this idea is that the big Trend of this pair is a downwards.
As it has deep Pullbacks, it is a Downward Channel.
Now we are in a Retracement Move, which is also at the top of the longterm Down-Channel.
The idea is that if the market breaks below the Channel and simultaneously the Support,
the next target would be the Support @ 1.36700.
Potential Entries could be selling directly the Breakout, the retest of the Breakout or even before the Breakout.
If you have any questions, something to add or anther point of view, let us know in the comment!
Thanks and successful Trading :-)!
XAUUSD | Perspective for the new week | Follow-up detailsOver 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week old of indecision (consolidation phase) around the identified New demand level around $1,750 zone (a psychological level).
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Breakout)
Observation: i. Price traded below the Bearish Trendline in the last 30 days (3rd of Sep - 5th of Oct 2021) before getting caught up in a dilemma of Bearish continuation in recent weeks.
ii. Since the beginning of the new month (1st - 11th Oct 2021); we witnessed a consolidation phase within $1,770 & $1,745 hereby emphasizing the indecision in the market as participants looked forward to economic release for greenlight.
iii. It is obvious that after finding a bottom at a Major Demand zone @ $1,720 - a level that has a strong memory for buying power since mid last year (2020 - check weekly chart), price continued to find higher highs which culminated in a significant Breakout of Bearish Trendline on the 12/13th Oct 2021.
iv. The reaction to Consumer Price Index release was a positive signal for buyers of Gold as the actual figure equals expectations.
v. The new Trendline (Bullish) drawn under pivot lows reveals a change in direction of price in the last 15days as the clamour for a Bullish bias takes shape.
vi. Even as we await a confirmation at this juncture, the early hours/days of the new week might see a plunge into the new demand level indicated on the chart and if, on the contrary, I shall be looking forward to taking advantage of the new rally above the temporary level @ $1,765.
vii. An opportunity to add to our existing position should present itself at a Breakout/Retest of Key level @ $1,780... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 5,000 pips.
Risk/Reward : 1:5
Potential Duration: 10 to 15days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCAD - BEARISH CONTINUATION TRADEIn today's video we take a look at a bearish continuation setup on the $USDCAD. in it i share with you the reasoning behind my prediction & what I'll be looking for in order to have a trading opportunity on it.
As always if you have any questions, comments or even want to share you chart. Please do so below.
Also, do me a favor & hit that thumbs up button if you enjoy these quick videos!
Your Trading Coach - Akil
USDCAD > Trend Continuation Setup for A Buy!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis on #USDCAD
Here we have the market trying to hold on above 1.2600 level, also trendline support
The plan:
as you can see the market formed a double bottom at the trendline support level and if the market breaks and closes above the neckline which by looking at the market it seems it will, then I will look for a trend continuation entry to target the next level of resistance.
Please do not hate for my trading plan and I always thank you so much for the time you spent here.
Check today's analysis below ⠀
>>“ luck is when preparation meets opportunity."
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
BTC : Schiff PitchforkPitchforks create a type of trend channel.
The trend is considered active as long as the price stays within the channel.
Reversals occur when price breaks out of the channel.
There is a center median line ( trend line ), as well as sets of lines above and below that median line.
The additional lines are set a specified number of standard deviations away from the median.
Each individual line represents a support/resistance level.
Note the way that price action interacts with the various lines :
Pitchforks can help establish key support/resistance levels!
These levels can be used in conjunction with active price action monitoring to help identify trend continuations/reversals while trading.
// Durbtrade
GBPUSD - Trend Continuation Or Bullish Movements?Hi Traders!
The market is, on this Timeframe, in a Downtrend.
In our view, there are two possible scenarios of how the market could move:
It reaches the Weekly Resistance, then it turns back down --> Down
It reaches the Weekly Resistance, retraces and shoots further up --> Up
However, we have these technical factors which could affect the price:
Weekly descending Wedge
Weekly Resistance @ 1.37
Daily Resistance Area
Potential 4-hourly Trendline
Potential developing Divergence
If you have anything to add or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
CHFJPY : POSSIBLE WEEKLY/MONTHLY UP SWINGAs we can see on the chart, price consolidated above major support zone taken from the monthly chart.
If we zoom in to the weekly time frame, we can see a false break from the recent lows and rejection from the bottom of the channel.
If we zoom in to the daily time frame, we can see a "V shape" and a small retracement above the previous weekly lows, suggesting price will continue further up.
Best of luck :-)
COPPER : another drop ? It seems like Copper price is very close to break the lows, therefore I look to sell and join the wave.
Best of luck :-)
DOLLAR INDEX : big drop scenarioBy looking at the graph, it appears that we are in a reversal area within the converging triangle.
All that remains is to wait for the trigger to start the move.
best of luck :-)
GBPAUD - Bearish BatA Bearish Bat setup within sell zone within both the M15 chart and 1-hourly chart.
As this is a trend trading setup, it gives the minimum stop-loss and maximum return.
This might just be the best trading setup up for the month.
GBPUSD > Trading Plan for BuyAnalysis on #GBPUSD
the market last week respected its previous low exactly near 1.3600 as I explain in my previous analysis, and as you can see the market moved with force to the upside, it is still early to see if the market will continue to the side but there are signs to show the market will move to the upside.
if the market breaks its previous high of 1.3740 I will then I will start looking to use one of my trading continuations strategies to get in a buy trade.
like and comment will be hugely appreciated, thank you so much for your support.
Check today analysis below⠀
>>“ Success is where preparation and opportunity meet." TradingAxis
GBPJPY : Buying opportunity
It seems like GBPJPY can go higher from here (On the chart critical zones and targets) .
* Idea is valid as long as price will not close under the blue line zone .
best of luck :-)
EURAUD > Incredible Trend Following Opportunity!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves.
Analysis on #EURAUD
fantastic trending market as you can see on the chart, now testing the trendline support.
watching the market for rotation pattern before getting in a buy trade.
Thank you so much for your support.
Check today analysis below⠀
>>“ Success is where preparation and opportunity meet." TradingAxis
