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Trendcontinuation

Hidden Diveregence : Bitcoin still got the strength to go North.Hey guys, How are you doing? I hope the market is treating you well and the hype is on the verge to explode like it always did in the previous pre-bull run scenarios. In today's insight I just want to remind you that a hidden bullish divergence is on the build up on the 4H time frame which can be considered as one more confluence and validation for the continuation trend. Divergences not only signal a potential trend reversal but can also be used as a possible sign for a trend continuation (price continues to move in its current direction). Always remember, the trend is your friend, so whenever you can get a signal that the trend will continue, then good for you! Hidden bullish divergence happens when the price is making a higher low (HL), but the oscillator is showing a lower low (LL). This can be seen when the pair is in an UPTREND. Once price makes a higher low (HL), look and see if the oscillator does the same. If it doesn’t and makes a lower low (LL), then we’ve got some hidden divergence in our hands by which we are seeing the scenario on Bitcoin's 4H timeframe chart. I will be updating more on the overall market trend and will give a weekly analysis on the end of the weekend. For now stay safe on your trades and keep learning. Wishing you a best weekend to have and stay blessed too.
Long
by cryptotalk_et
1
Identify Trend, FastThis is how I've identified the GBPUSD is going higher than most traders. If you look at the weekly chart, you would have spotted that the candle broke and close above the previous high; that gives me a sign even before it broke the current structure, and I've been saying that for over a month now. I'm focused on getting the buying on the buying opportunity. There are 2 buying opportunities I'm focusing on. A retest on the trendline on the daily chart is needed would be the magic candle confirmation. A Bullish Gartley Pattern trading setup that confirms at 1.2673. What are your thoughts on the GBPUSD?
Long
by RaynLim
🚩🐂 Bull Flag Breakout - Get Ready to Ride the Trend! 📈🚀We witnessed the formation of a flag pattern, which is a fantastic opportunity for trend continuation trades. This pattern indicates a temporary pause or retracement within an ongoing uptrend, followed by a potential breakout to the upside. As price consolidates within the flag, we anticipate a bullish surge to continue the upward momentum. Delving into the volume analysis, we can observe a significant pattern. During the retracement phase, the volume dwindled, indicating a decrease in selling pressure. However, as price approaches the breakout level, the volume is now surging again. This spike in volume near the breakout zone signals renewed buying interest and the potential for a strong upward move. With these elements in mind, it would be a great opportunity to enter a long position on the breakout of the flag pattern. As price clears the flag's upper boundary, we can anticipate a surge in buying momentum, propelling GBPUSD to higher levels. To optimize our trade, we can set multiple take profit levels along the way, aiming for 128.500, 129.400, and ultimately 130.400. It's worth noting that the moving averages are still acting as reliable support levels. This reinforces the bullish bias and provides additional confidence in the trade setup. As responsible traders, we can utilize these moving averages as potential areas to place our stop loss, protecting our position and managing risk. Or find a bullish candlestick in smaller timeframes to tighter the stop loss and maximize the risk to reward ratio, for traders with a more aggressive approach. Trade wisely, stay disciplined, and enjoy the journey as we embark on this bullish ride in the GBPUSD pair. 📈🚀🐂 Don't forget to press the like button if you think this insight was helpful🚀💪
Long
by Thomas_Zito
8
🪙📉 Gold: Double Top Breakdown - Get Ready for a Bearish Ride! Attention, traders! We have an enticing bearish setup in the Gold market on the daily timeframe. The key to this setup lies in the formation of the double top pattern, where price establishes two prominent peaks at approximately the same level. This pattern serves as a robust bearish reversal signal, indicating a potential downtrend ahead. As price stagnated below the neckline, which acted as a strong resistance, the bearish sentiment intensified. During this period of consolidation, a trend continuation triangle has taken shape. This triangle formation further reinforces the bearish bias, suggesting that the downtrend is likely to continue. As traders, we can leverage this setup and seek opportunities to profit from the downward movement. Looking at the indicators, the moving averages continue to show a bearish momentum. These averages not only act as resistance levels but also validate the bearish bias. The convergence of these factors further supports the bearish outlook, providing additional conviction for traders to consider entering a short position on Gold. With all these elements in place, it's time to seize the moment and enter a short position on Gold. The initial take profit level can be set around 1910, where we can secure partial profits and capitalize on the downward momentum. However, our ultimate target lies around the 1855 area, aiming to capture the potential continuation of the downtrend. As you navigate this trade, remember to take significant profits when approaching the target area, as it represents a crucial support zone. Please respect money management, dont place more than 2% on that trade also. Lets trade the trend ! happy trading !📉🪙 And don't forget to press the like button if you think this insight was helpful 🚀💪
OANDA:XAUUSDShort
by Thomas_Zito
8
USDJPY BULLISH BREAKOUT - How Using Alerts Can HelpToday we're taking a look at yet another breakout/trend continuation opportunity. As always we'll discuss why I like the level & where I think we'll ultimately head to. But I also wanted to show you how using alerts can help cut down the amount of time you have to spend on a chart & really allow you to streamline your trading day without it taking up too much time of your regular life. Please leave any questions & comments below. Akil
Long
by Akil_Stokes
2
📈 USDJPY: Bullish Breakout Mode Activated! (triangle) 🚀📈The formation of an asymmetrical triangle pattern has caught our attention. This pattern is renowned for its ability to indicate a continuation of the prevailing trend. In this case, the triangle formation suggests that the recent uptrend in USDJPY is likely to persist. To fully grasp the significance of this setup, let's dissect the recent market dynamics. We observed two distinct phases in USDJPY's journey. First, a strong upward impulsion propelled the pair from 140 to 142. This surge demonstrated the bullish strength behind USDJPY. Next came a consolidation phase, where price oscillated around the 142 level. This period of consolidation allowed market participants to catch their breath and assess the next move. Now, we find ourselves on the cusp of an exciting development as price breaks above the previous resistance formed during the consolidation phase. The breakout from the resistance level confirms the resumption of the bullish trend. It signifies the triumph of buyers over sellers, igniting a fresh wave of optimism. The stage is set for USDJPY to continue its ascent, and astute traders will be ready to ride this upward wave. As we embark on this bullish journey, it's essential to identify our potential targets. On the chart, we have identified three significant levels: 142.500, 143.000, and 143.500. These levels represent key resistance points where price could encounter some hurdles. Remember, it's wise to lock in profits partially at each target, securing your gains along the way. So I will buy from here at the retest of the previous resistance turning support with tight stop loss. and pretty confident about this trade since the overall momentum on higher timeframe is still bullish, and also knowing that trend continuation setups have high winning rate. Feel free to share your toughts in the comments section. And don't forget to press the like button if you think this insight was helpful 🚀📈
by Thomas_Zito
1
Dollar Bias!My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level. If you are looking for a counter-trend move, I've something for you. A Bearish Butterfly Pattern that seems to complete at 141.65; in order for this trading setup to complete, the candlesticks pattern must touch 141.51 within the next 2 candles, which means within 8 hours after the market opens. If you love what you are seeing, remember to follow my only account, raynlim
Long
by RaynLim
Bullish Trend!Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease. I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity. If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have to make sure there isn't any violation that happens after the retest, that is when you can engage the trade after the Magic Candle Confirmation.
Long
by RaynLim
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this insight video, we try to unravel the complex dynamics of the market's response to recent events. As the dollar takes a step back amid speculations of the Federal Reserve's imminent pause in rate hikes, the market's reactions become a mixed bag and we don't want to miss out on this opportunity to stay ahead of the curve! Economists predict that the Fed will maintain interest rates in the upcoming week and the latest reading of the consumer price index on Tuesday could help shape expectations. While this development is expected to lend some support to gold, its potential gains may be limited due to the likelihood of sustained higher U.S. interest rates throughout the year. Since mid-May, gold has been trapped within a tight trading range below the influential $2,000 per ounce mark, owing to uncertainties surrounding the Fed's decisions and the overall economic conditions. However, it is believed this might change soon. As economic conditions worsen, the demand for gold as a safe haven could surge, especially as the Fed's rate hike cycle takes a breather, weakening the dollar's support. In this video, we went through a comprehensive analysis of XAUUSD's bullish and bearish sentiment, as well as accumulation and distribution patterns. Drawing from the examination of past price patterns, market behavior, recurring trends, and crucial support and resistance levels, we had insights into the potential of buyers and sellers in the coming week(s). It is worth noting that we pinpoint a key zone between 1,960 and 1,965, which has played a significant role throughout Friday's trading session. The market's indecisiveness becomes evident within this range, reflecting participants' anticipation of the upcoming interest rate decision. Monday's reactions within this zone will serve as a valuable indicator for the first half of the new week. Be prepared to seize the opportunities that lie ahead! Don't miss the opportunity to gain a competitive edge in your Goldspot trading journey this week. Stay informed and subscribe to receive vital updates that will provide you with valuable insights. Stay one step ahead of the competition and maximize your trading potential. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
OANDA:XAUUSD
by darcsherry
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailsWelcome to our Goldspot analysis for the week! Despite speculations suggesting otherwise, Gold is far from being dead after the U.S. debt ceiling deal has been finalized. Although futures of the yellow metal experienced a slight decline on Friday, breaking a three-day winning streak, the drop was not enough to erase the gains made in the previous days. As a result, Gold remains in positive territory, instilling hope for continued bullish momentum. In addition to the U.S. debt ceiling deal, we also explore the impact of the latest U.S. job data on Gold prices. While the data showed stronger-than-expected job numbers, it also revealed a rise in unemployment and a slowdown in wage growth. These mixed signals have led to a divided opinion among economists regarding a potential interest rate hike during the Federal Reserve's upcoming meeting on June 14. In this video, we delve into a comprehensive analysis of XAUUSD's bullish/bearish sentiment and accumulation/distribution patterns. Through a thorough examination of past price patterns, market behavior, recurring trends, support and resistance levels, and other essential insights, we assess the potential of both sellers and buyers from a technical standpoint. By identifying a key level at 1,955 and recognizing that price action has been confined within a range in recent weeks, we equip ourselves with the necessary knowledge to make informed trading decisions for the upcoming week. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
OANDA:XAUUSD
by darcsherry
2
GBPUSD Weekly Outlook: New perspective for the week | Follow-upIn this video, I provide a technical overview of recent events using the GBPUSD chart. The U.S. Senate has passed legislation that raises the government's debt ceiling, following a similar action by the House of Representatives. This development had positively impacted the dollar, especially when combined with better-than-expected data from the NFP, which is considered a safe haven. Furthermore, a strong Nonfarm Payrolls Report released on Friday exceeded expectations, potentially leading the Federal Reserve to raise interest rates this month. This could result in a bullish trend for the Greenback. In the video, I focus on a technical analysis of the GBPUSD Support and Resistance Levels in the 4H timeframe. I discuss how these levels can be used to identify potential trading opportunities in the upcoming week, offering insights and analysis on the GBPUSD chart. 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.
by darcsherry
3
USDJPY Analysis: New Week Perspective and Follow-Up DetailsIn this USDJPY technical analysis video, we delve into the aftermath of the recent Nonfarm Payrolls data, which offers critical insights into the US labor market. With positive data surpassing expectations and the potential for a Federal Reserve interest rate hike this month, the US Dollar may be poised for a bullish upswing. The May report revealed a remarkable increase of 339,000 payrolls in both public and private sectors, surpassing the forecast of 190,000. Moreover, the recent signing of the bill by President Joe Biden, suspending the US government's $31.4 trillion debt ceiling and avoiding a default, adds another layer of anticipation to the market's reaction. From a technical standpoint, this video focuses on a detailed analysis of USDJPY Support and Resistance Levels, as well as Trendlines within the 4H timeframe. By examining these levels, we aimed to identify potential trading opportunities on the USDJPY chart for the upcoming week as it helped in making informed trading decisions. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
1
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsJoin me as we delve into the fundamental factors surrounding the upcoming OPEC+ meeting, taking place over the weekend. During this crucial gathering, OPEC+ members are expected to make important decisions regarding new production cut levels. These measures aim to regain control of oil prices by counteracting the influence of short-sellers and maintaining a target price of $80 or higher. This strategy involves creating an artificial supply squeeze to drive prices up. As a result, the outcome of the OPEC meeting adds an exciting layer of anticipation to the market's reaction on Monday. In addition, this video includes a comprehensive technical analysis of USOILSPOT, focusing on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, I aim to provide insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this insightful analysis, which combines fundamental factors and technical analysis to enhance your understanding of USOILSPOT's future trajectory. Stay ahead of the curve by watching this video now! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
Forex Trading IdeologyIn Forex trading, understanding price movements is essential for success. This article presenteds a conceptual ideology that metaphorically interprets price movements in Forex. We explored range trading as breakfast and conversation, where traders analyze overbought and oversold levels on a RSI 4 for potential breakouts. Trends were attributed to buyers and sellers, with uptrends indicating bullish sentiment and downtrends reflecting bearish sentiment. Breakouts were seen as pivotal decisions made during breakfast, confirmed through technical indicators like the RSI. Correlation and retesting allowed traders to analyze market relationships and make informed decisions. Trend continuation or reversal required careful analysis of price patterns and indicators. Finally , the closing and opening of trading sessions marked the end of one day and the start of another. By applying this kind of ideology, traders can gain insights into market dynamics, improve their strategies, and make informed decisions in Forex trading. ♧J
OANDA:XAUUSDEducation
by ATU_TAD
2
USDJPY Analysis: New Week Perspective and Follow-Up DetailsThe U.S. Dollar was steady amidst the debt ceiling impasse while the Japanese Yen recorded a significant drop making it among the worst-performing Asian currencies in the previous week. Softer-than-expected Tokyo inflation data on Friday spurred more expectations that the Bank of Japan will hold off on tightening policy this year, although the reading was still well above the BOJ’s 2% annual target. Is the current market structure mature for profit-taking activities despite the stronger-than-expected consumer spending in April which is generally seen as an excuse for the Federal Reserve to hike interest rates again in June? In this video, our technical dissection identified a simple setup that can aid us in making informed trading decisions ahead of the new week. 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.
by darcsherry
2
GBPUSD Weekly Outlook: New perspective for the week | Follow-up Welcome to my GBPUSD Technical Analysis Session. Despite British retail sales data rising by more than expected in April, 0.5% from March and an improvement from the drop of 1.2% the prior month; the U.S. dollar against the Pound Sterling appears to be on course for its fourth consecutive weekly gain as U.S. rate hike expectations grow across the market and traders continue to accumulate positions for the potential that U.S. interest rates remain higher for longer. It is also worth noting that the high-impact economic features from the U.S. docket this week and the unresolved debt ceiling negotiation could incite risk-aversed trading activities at the beginning of the week resulting in a choppy market environment before the "big move" happens. GBPUSD Price Forecast: So, in this video, from a technical standpoint - we reviewed the GBPUSD Support and Resistance Levels on the 4H timeframe and how to use them to identify potential trading opportunities ahead of the new week (GBPUSD Chart Analysis). 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.
by darcsherry
3
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe USOil rallied as much as 1.3% on Friday after the Fed’s favorite gauge for U.S. inflation came in beyond expectation for April, indicating that the central bank will raise interest rates again in June and July versus expectations for a pause. USOILSPOT Fundamental Factors: However, following the U.S. president's announcement via his Twitter handle on Saturday that the much-awaited deal to raise the U.S. debt ceiling has been reached, the potential of the currency and commodity markets to embark on a new wave of risk-taking - after weeks of fear about a government default on payments is now high. Now that the threat of a default is out of the way, assets, including commodities, could move higher when markets reopen on Tuesday after Memorial Day weekend. USOILSPOT Technical Analysis: In this video, we considered the USOILSPOT Support and Resistance Levels identified on the 4H timeframe as a yardstick to guide trading activities and the USOILSPOT Price Forecast ahead of the coming week. 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.
FX:USOILSPOT
by darcsherry
XAUUSD | GOLDSPOT | New perspective | follow-up detailsLast week's U.S. data showed stronger-than-expected consumer spending in April. The increase in personal consumption expenditures (PCE) raised expectations that the Federal Reserve is likely going to hike interest rates again in June. The U.S. debt ceiling proceedings appear to be closing in on an agreement ahead of a June 1 deadline that would raise the government's $31.4 trillion debt ceiling for two years. Gold Price Forecast: All these economic developments appear to be taking a positive toll on the Greenback as gold was off 2% after another 2% loss the prior week and 0.25% the week before that. XAUUSD Bullish/Bearish Sentiment: However, from a technical standpoint, the appearance of buying pressure around the 1,940 zone is a concern for Gold sellers as this zone has the potential of becoming a platform for another wave of bullish momentum if not broken to the downside (XAUUSD Accumulation/Distribution Analysis). In the coming week ahead of the US economic features - ADP employment change, ISM manufacturing PMI, and Nonfarm payroll; we might likely see a choppy situation during the first half of the week before a major spike in price movement. In this video (XAUUSD Technical Analysis), we analyzed the current market structure from a technical standpoint by examining past price patterns and market behavior, recurring trends, support and resistance levels, and other crucial insights that can aid us in making a well-informed trading decision ahead of the new week. 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.
OANDA:XAUUSD
by darcsherry