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Tweezer

GBP/JPY: Bullish Momentum ContinuesHello fellow traders! Today, I would like to share an exciting trading opportunity that has emerged on the GBP/JPY currency pair. Through careful analysis of the 1-hour chart, I have identified a bullish trend, supported by a significant technical pattern. Trade Plan: Entries: Buy at 181.441 & 181.443 Stop Loss: 180.214 Take Profit 1 (1:1 Risk-Reward Ratio): 182.711 Take Profit 2 (1:2 Risk-Reward Ratio): 183.399 Reasoning: The GBP/JPY currency pair has been exhibiting a strong bullish momentum on the 1-hour chart. Furthermore, a bearish tweezers bottom candlestick pattern has recently formed, confirming the continuation of the bullish trend. Based on this analysis, I have executed a market order to enter a long position on the GBP/JPY pair at the suggested entry prices of 181.441 and 181.443. To manage risk, I have set a stop loss at 180.214, which will be triggered if the price moves against our anticipated direction. In terms of potential profit targets, I am setting the first take profit level at 182.711, which offers a 1:1 risk-reward ratio. The second take profit level is set at 183.399, providing a 1:2 risk-reward ratio. Please note that trading involves risk, and it is essential to perform your own analysis and risk management before entering any trades. The suggested price levels are based on the analysis conducted at the time of this post, and the market conditions may change. Wishing you successful trading! Disclaimer: This post is for educational and informational purposes only and should not be considered as financial advice. Trading in the financial markets carries a significant risk, and past performance is not indicative of future results.
Long
by T-Q
Going LONG EURJPY By Trading StrategyBullish Indications 1. Higher Highs and Lows 2. Tweezer Bottom and Bullish Engulfing on HL 3. Break 0.5 fib support level 4. Break Upper Resistance Trendline 5. Formation of Bullish Flag 6.12 out of 16 years December remains bullish 7. Trend is not mature enough to make it a reversal Seasonal Data for the Past 15-16 Years Dec-06 => Green Dec-07 => Green Dec-08 => Green Dec-09 => Green Dec-10 => Red Dec-11 => Red Dec-12 => Green Dec-13 => Green Dec-14 => Red Dec-15 => Green Dec-16 => Green Dec-17 => Green Dec-18 => Red Dec-19 => Green Dec-20 => Green Dec-21 => Green
Long
by hassamsaeed
DJI/ SPX - expect near term volatilityWith FOMC uncertainty coming up this week, and the indices hitting into near term trendline resistence, some volatility will not be surprising in the next few days. Among the 3 indices, DJI has been the strongest of late. On the monthly timeframe, we can see a few rather bullish signs: 1. a "tweezer bottoms" 2. bullish engulfing candlestick 3. bullish divergence between price and RSI playing out. However, divergences usually translate into just a short term reversal (lasting 1-3 candlesticks) and may not be a longer term trend reversal. Still, when seen on a monthly chart, this could mean 1-3 months of "upside"). A pullback at this junction is not unexpected but what is important is to watch for the amount of pullback. Any pullback that within 50% fibonacci retracement of it's recent strong upswing AB is within "acceptable" limits. However, anything is possible. Let's see how it will play out this week especially after FOMC this Wednesday. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TVC:DJI
by Juliac
11
NQ - Bull underway?Both the S&P500 and Nasdaq100 have formed bullish "tweezers" on their monthly chart. While the S&P has stopped short at a potential resistance around 4170, NQ however has surpassed it's near term resistance of 13000. Hence NQ's original resistance (12900-13000) is now potentially a "support" zone. The odds have increased that we are no long in a "bear market rally" but instead I am more convinced a new bull has started as can be seen from many stocks that have been forming bases (round bottoms, inverse Head & Shoulders, Adam & Eve patterns etc) and breaking out of these bases. Pullbacks on the way up is inevitable, and any pullbacks that are less than 10% from the most recent high (or do not breach near term supports) is a sign of strength. I will not be too surprised to see market taking a breather (aka pullback within 10%) sometime this month and when that happens, it could be an opportunity to long. On the flip side however, I will stay very cautious again should NQ breaks below 12800 in the near term Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TVC:NDQ
by Juliac
5
NQ - Tweezer BottomI posted on 7th July that there was a potential bullish divergene on the monthly chart of Nasdaq, and it has since come true. What is interesting is that we are now seeing a potential "tweezer bottom" on the monthly as well (both bullish). The daily chart has been trading within a rising channel. With FOMC out of the way, there is a good chance for NQ to reach 13000 in the near future. Has the market turned the corner for good after hitting a low of 11,000 on 16 June? We won't know for sure but I would be a bull rather than a bear in the near term. Watch for market reactions to earnings of the big boys (namely FAANG stocks and take the cue from there. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TVC:NDQ
by Juliac
LITECOIN to Take $19 Billion From The TOTAL2 Altcoin MarketcapWe have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap; Assuming that the Circulating Supply of LTC remains near where it is, that would imply that the LTC/USD price will go up to around $584.85 per coin of this TOTAL2/LTC chart were to play out.
CRYPTOCAP:TOTAL2Short
by RizeSenpai
RISKY 10% DOUBLE TOPS TRADE ON THE EURO AUDThis analysis shows the main factors behind the Short Position opened on the EURO AUD. These include 1. The Formation of Double Tops on the Daily Chart. 2. The Formation of a Pennant Setup on the Daily Chart. 3. The expected move towards major Support within 3 Days. 4. The expected move towards the Pennant Support in 7 to 14 Days. The market provided a strong Tweezer Top to indicate the start of U-Turn on the Daily Chart, which would lead to completion of the Double Tops Signal. Once completed, it will take us lower towards a short-term Support that can be used for our first target. Thereafter, we can wait until the market provides us with another setup to trade towards the Support Boundary of the large Pennant Consolidation. Duane Swing Trading Master
Short
by shepherdduane
1
AUDCAD rejected at resistance and headed lower. Since it's multiyear high in Feb, AUDCAD created lower lows and lower highs in April and has continued bearish ever since with a string of consecutive lower highs and lower lows. We have 2 clearly defined and repeatedly respected trendlines headed lower, created a broadening descending channel. Price has has multiple attempts to break through this resistance since December 23rd and has failed, most recently with a tweezer top. Overall this looks like a great opportunity for a high R short with a stoploss above the trendline/tweezer high. This is not financial advice, you are responsible for your own trading decisions. *** LEAVE A LIKE AND FOLLOW IF YOU ENJOYED THE IDEA *** I will respond to any and all comments below
Short
by HayeTrading