Get started

Trendcontinuation

EURUSD 1 Day - A Shift In Longer Term ViewsI'm taking some time off from trading with the addition of a new family member, but of course I couldn't completely stay away so I wanted to come in and give you a quick update on my EURUSD views. (For some perspective you may want to go back and look at my previous post & videos discussing the Euro) With the violation of the neck line we officially have the completion of a head and shoulders bottom which has formed right after the completion of a bigger head and shoulders top. Despite this being a classic reversal pattern, there really isn't too much room for expansion within the key level of the underlying trend. So here are my views. As long as price does not violate the blue line, then my overall bearish bias remains. HOWEVER, if we end up violating the green line then I'll be looking for yet another reversal in trend and a move that can continue much higher. If price remains inbetween those 2 levels then I honestly have no interest in the pair until a clear direction is determined. Akil
by Akil_Stokes
17
SPX Imminent retest of channel support: Rejection from ATHCompare to 6/14 Harami cross. Identical price behavior 8/21-23 c/w 6/12-14 and 8/7-9. Slapped down hard from high channel retest after 8/21 high. All the Doji have been seen- pin bar, shooting stars, Harami crosses, engulfing bears, Red Shooting star today. Perfect setup for lower and soon- imminent. Today I observed a bear flag all afternoon following the sharp intraday correction on 15m charts. Daily chart on 8/23 looks eerily similar to annual chart, past six months! Expect a harder test than last time. Probably at least to 2791 as shown in graph, maybe lower; WS2 at ~2777. Gonna be a choppy week. We have convergence of twin C waves bearing down from 08 Feb and 27 Jun A wave downspikes, rolling together now will bear down hard. Batten down the hatches- good luck! This isn't investement advice and I ain't no advisor. This post for amusement and education only. Enjoy!
SP:SPXShort
by DaddySawbucks
3
ETP trend continuation Wut ? Doc says it's a sleeping giant ;) ETPUSD is bullish and did an instant correction few days ago (or a pump and dump... ? :p ) Anyway, trend is continuing, and it's moving in an upward channel. It's heading to key resistance levels (2.8 and 3USD). We can see that MA90 provides a very strong support. If it holds for some days, we could see a strong up move. BUY : Around 2.5 support, or on MA90 level SELL : Resistance line 2.8 and 3 STOP : MA90 breakdown Cheers cryptoshaggerz ! **NOT TRADING ADVICE** Manage your risks properly, and always trade with money you can afford to lose totally
ELong
by Le_Halimou
6
USD/CAD BEARS Could be in controlUSD/CAD Potential further downside continuation based on the 'trend continuation startegy, which also couples up & coincides with our Bearish analysis based on our trend-following strategy. Our current analysis based on 'trend-continuatuion' shows price currently ranging within an intra-day pattern. There are two potential scenarios here that we will be looking for, either a bullish break impulse move to test the horizontal support level and cluster EMA zone before further selling pressure. Alternatively, if the chart pattern plays out, we expect a downside break to test the horizontal support level. We must factor in the 'high impact' economic news later this week from the US, which will affect the US Dollar - FOMC and Non-farm payrolls. www.intelligenttradingacademy.com
Short
by UnknownUnicorn2262924
1
GBPUSD 1HR - ADVANCED PATTERNS TREND CONTINUATION ANALYSISHi Traders, thought to get this analysis up for those who trade this pair and things we have going on, I have already published the recent 4HR Big Bat Pattern. As price action climbs towards our 88.6% Entry level, we can see some other things forming at the moment. Price action is just sitting at our 1.272 Fib Ext from both the Cypher's X Leg to A leg, and also that psychological price level 1.32000 We can also see a trend continuation trade here as we have created a new structure high, if you follow it down we see NSL New structure low, then a test of that structure, breaking upwards of the NSL Outside return, then a retest creating our Initial Structure High, look left the purple arrow resistance then becomes support. We then break above for another retest, again previous resistance becomes support, and there we have a NSH New Structure high with potential of price action continuing upwards. Trend traders would look for a pull back for the retest looking to enter as previous resistance should become support. If we fall below this retest from the current position where price action is we also have a potential long opportunity for 2 Cypher Patterns. Keeping in mind these 2 patterns are only valid if we do not close above the 1.414 Fib Ext of our Cypher XA Leg - either way if price falls now or continues upwards we have some opportunities. If price action falls below from this current position, closer to our B Legs for the Small Cypher, I will post up the 2 x Cyphers with the Entry and Targets.
by Oztrade
Trend Continuation Pullback Long EntryUSOIL went for a deeper correction and reached 61.80% retracement of its setup bull leg. Bears look very convinced at this point and going lower here could initiate a swing break that would put a lot of pressure on the longterm bull trend. Judging from previous behaviour, market inertia should take hold here and demand should be flowing in anytime. Higher TFs are expected to transition into a trading range and bears might capitulate soon after driving this pair higher. Buying 61.8% retracement with stops below the low of setup leg seems reasonable. However, strict risk & trade management is a necessity as the trade setup is a lower probability better R:R setup that should be approached with caution.
TVC:USOILLong
by Zoen_Trieste
2
$EURUSD Sharp Downward movement TriangleI'm expecting an aggressive short on $EURUSD - Probably within the 4hour timeframe(The triangle forming a squeeze). There's been sharp downward movements in regular predictable intervals as seen in RED Arrows. The Bulls are buying far less aggressively and the trend suggest they are losing steam - GREEN Arrows. I anticipate a sharp downward movement and have opened a trade based on this. The trend could also break upwards, but it should be far less dramatic, in my opinion. Opened a Short Position at 1.16645 and my target is 1.15290 Stoploss 1.1690 All my ideas, I trade before I publish.
by Coinswop
Trend Continuation PlanUSOIL, as stated in earlier ideas, went parabolic these last couple of days. It seems many sellers' stops got caught during this move. However, higher TFs now show a healthy trend continuation patterns evolving. At this point, there was a failure test below previous psychological high and now this market seems ready for a pullback formation before another bullish impulse leg. Anticipated supply zone is around $75.50, pullback long entries waiting around $70.50. The plan is king as long as the price is within the anticipated bounds.
NYMEX:CL1!Long
by Zoen_Trieste