NZDUSD - Bullish SharkProbably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen.
What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that happens, I'm going to head in for a shorting opportunity and might just ride the wave down on a Bearish Flag Pattern that could form on the 4-hourly chart.
You can check the related ideas at the bottom of the tradingview post on the potential bearish flag pattern.
Trendcontinuation
NZDUSD - Bearish FlagCounter-trend traders do take note, if you are looking for a trend-reversal trade, it might not be the time yet.
What I've spotted is a potential Bearish Flag Pattern, the Flag Pattern confirmation will happen when the candlestick break and close below 0.5560, so I say, "Hold your horses!" Let's see what pans out.
Check out the related ideas at the bottom to access the lower timeframe analysis.
Bull Flag on ATOM Until Proven OtherwiseFor me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down there so as a bit of an Aggressive Continuation Trade I'll be risking a bit here to try to realize a 60%-80% Gain based off what looks to be a Bull Flag in a Local Uptrend showing some Hidden Bullish Divergence.
GBPUSD-Weekly Market Analysis-Sep22,Wk5GBPUSD is on a bearish trend; you may wonder if GBPUSD will hit parity with the dollar. The next level of support is at 1.0554, the market has to break and close beyond the level before we talk about Pound Parity with the US. The immediate resistance level that I'm waiting for a shorting opportunity is at 1.1212.
Long Trade on AB - Possible entry Sep. 19 2022Trend:
Uptrend since May 2022, confirmed UT with break of previous high in June. Nice pattern with higher highs and higher lows.
Currently 3rd bounce on the trend line. Also, previous downtrend line has now been used as support.
Setup:
Calculation with candle touching trend line on Sep. 16
Fluff 1%
Take Profit determined with angle of previous bounces and channel resistance line
Risk Reward Ratio >3:1 (3.33)
Place trade to enter with stop order on Sep. 17
DYOR
Best,
Raphaela
The Three Great Trend Trading CyclesHey Trading family! In this education post I'd like to share with you my observation of the 3 cycles that create the uptrend and downtrend.
First, trend refers to the natural movement of price action. You may know this has highs and lows. I say we dig deeper.
Highs and lows are referred to as the highest price a buyer could buy a currency while a low is the lowest price a buyer could buy a currency. This is on the consumer side.
On the trading side, a high is the highest price you'd sell a currency pair and a low is the lowest price you'd buy the currency pair.
I say we dig deeper here. There are 3 cycles that create the legs of highs and lows of a downtrend.
Cycle 1 - Trend Continuation
In an uptrend you're more than likely to become the buyer. The reason being is because you will likely see when price fluctuates up you will make more money and the move up more visible than the move down.
The flow if price naturally moves up continuing the push up to new highs thus in an uptrend we get higher highs.
In a down trend you'd more likely become the seller The move down is more visible.
The flow if price naturally moves down continuing the push down to new lows thus in a downtrend we get new lower lows.
Cycle 2- Retracement
A retracement is also called the pullback or correction. This is a sign the momentum or strength in the trend continuation movement will relieve itself and pullback.
In an uptrend after a new higher high is formed, price will pullback to form a higher low before continuing back up.You can then become the buyer again.
In a downtrend after a new lower low is formed, price will pullback to form a lower high before continuing back down. You can then become the seller again.
Cycle 3- Reversal
A reversal is the trend switcher. This is not to be confused with the retracement.
Reversals switch the full flow of price. An uptrend becomes the downtrend and a downtrend becomes an uptrend.
How to know when price has reversed?
Easy! It's not a trend line break. It's not a level break!
In an uptrend, when price moves down past the last higher low that was formed, that signals the sellers have come into the market or the base currency has lost value and price will begin decreasing.
In a downtrend, when price moves up past the last lower high that was formed, that signals the buyers have come into the market or the base currency has gained value and price will begin increasing.
Best part to remember is this...
An uptrend or downtrend is only made of the trend continuation and retracement cycle.
You won't see price reverse much on higher timeframes such as the daily, weekly, and monthly. So don't expect to see price reverse every week or month.
Simple right?
Go try this out for yourself. If you have any questions or would like to share helpful value please post it below. 😁
Thanks for reading❤️
EURJPY quick long grab in progress ⬆️EURJPY long has alerted.
Trend trade identified and entered.
Working 2H timeframe on this strategy.
Trade details can be found on the chart in printed label.
Working to TP targets on the printed label.
Trade box is tracking the trade.
No let up in the Yen weakness.
Looking to bank 58 pips on this trend continuation.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
XAUUSD | New perspective Last Friday NFP's positive report appears to have interrupted the downside turn. Despite the strong bearish expectations from the majority; the bulls could be about to make their move as multiple rejections of the $1,700 area from the buyers occurred for the second time in the last two weeks. In this video, I detailed my expectations based on the current structure and how I plan to trade the Gold in the coming week.
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.
USDJPY - Bullish BatTo all the crazy supporters of USDJPY, your chance to long this pair has come in an aggressive setup.
So why is this an aggressive setup?
The market has not reversed back to 143.09 to give further confirmation of the market movement. If you are a Bat Pattern Trader, you should know that.
I'd take this on an aggressive approach; remember to place stop-loss below X, which happens to be at the tip of the buy zone.
EURCHF Bearish Continuation Setup!In Today's trading session we will be monitoring AUDUSD for a Selling opportunity in and around 0.68 area. Once we get a Bearish confirmation the trade will be executed and shared with our premium subscribers.
- RISK DISCLOSURE
TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
EURAUD New rising trend line + 200 PipsWelcome back! Let me know your thoughts in the comments!
**EURAUD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
EURUSD > Bearish Flag Pattern, Might See Breakout!!Analysis of #EURUSD
The EURUSD formed a trend continuation pattern as you can see on my chart, usually, this flag pattern indicates the market will continue to the downside, so think twice before buying the EURUSD.
The optimal entry was at 1.0015, but the fed was still speaking, and no way I could have got in this trade.
the second way to get in this trade is to wait for a breakout confirmation to the downside, wait for a retest, and confirmation on the lower time frame, and get in a sell entry.
I think EURUSD will test 0.9800, so let's be hopeful we can get an entry here
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EURUSD BEST place to short! Welcome back! Let me know your thoughts in the comments!
**EURUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
NZDCAD Correction to 50% FIB then SHORT!Welcome back! Let me know your thoughts in the comments!
**NZDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
GBPUSD > Look for Trend Pattern Continuation, After Breakout.Analysis of #GBPUSD
the GBPUSD formed a reversal pattern, for me, this is a head and shoulders pattern, many will not consider it one,
however, we can wait for a breakout of trendline resistance, then look for trend pattern continuation, like a flag pattern or triangle pattern to get into trend continuation entry. No entry before the breakout is confirmed
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SRM/USDT long positionSRM/USDT long high risk position , this coin gives profits a lot!!!
open: 1.027
Target 1: 1.060
Target 2: 1.085
Target 3: 1.110
Stop: 1.015
hope you enjoy it
Teaching My Son How To Trade USDJPYIt's such an amazing joy that my son wants to learn how to trade. He sat by me this morning said, " mom I see higher highs and higher lows." We conversed a bit and this is our conversation from this morning.
I am a forex mom who loves trading. I love my children more. This is a skill that I'm grateful to pass down to them. I pray you do the same.