Mean Reversion Trade is something that I don't usually trade, but in this case, it looks like the candle close is going to form a long shadow candle within the Weekly Chart resistance area(supply area) providing an amazing Reward:Risk.
It has been 4 trading days that the market has consolidated and respected 109.31. It can be a good opportunity to short at that level.
Well, I've seen a growing interest in this coin and you might be interested in what is a good price to buy? With limited data on this feed, the price that's good to consider to buy is within the blue box. You have to ask yourself if you are trading and earning the difference or buying the coin and keep(no fluctuation risk) Make your own decision, you may use...
Well, the bearish shark pattern has not even touched its Target1, most of the time when this happens the shark pattern is not going to payout. If you look closely there's a bullish flag pattern and there are multiple tests on the base flag and coincidently I have a bullish Gartley pattern form and completes at the base flag, the only thing about this Gartley...
Hello dear community! This is my first post here, so, I hope you like it 😊 I want to share with you a trading idea on ZM 🚀: Buy point: 314.58 Stop-loss: 311.79 Exit point: 325.48 Risk/Reward ratio: 3.91 If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree”...
Hello I hope you are well This analysis is done on a daily basis and has long-term goals. We are currently on an uptrend and the trend has not changed yet. The price formed a meaningful Candle pattern after hitting the daily resistance line and did not reach 1.2175 and gives us a signal to start falling. Our impression of the chart is that the price is going to go...
I'm waiting for a double-top to form at 109.47 for a shorting opportunity. It is considered a trend-trading trade based on the 4-hourly chart.
GBPUSD is still on the bullish trend, trend traders can wait for a candle confirmation at 1.3777 for a buying opportunity on the Bullish Gartley Pattern. Gartley Pattern as a Harmonic Pattern usually forms a V-Bottom and it leaves the conservative traders out of action for most of the time.
On the 4-hourly and 1-hourly chart, EURUSD is still on its bullish trend, ticky part of this harmonic patterns is that it forms outside on the buy zone but yet even if it closes outside of the buy zone it is still a bullish trend. This is because, for this Shark Pattern, Point X happens to have a long shadow to invalid the buy zone, the candle has to break and...
Hello traders, this beautiful trend shows a very aggressive bull run towards the million Dollar. Will take some time but will go there. Now for who is looking short term... this bull run before the heavy correction is on the way to 200000 USD. Right now the RSI is to high and we have a bad monthly close candle. Waiting for the opening of the next candle to...
ICICIPRULI is around one of the strong resistance area. price devloped dark cloud cover a day before.
Classic pattern: Fry pan + setting J-hook! If j hook confirming in next week price will sky rocket. Its call 2+2 analysis. Potential price 2x
EURAUD has been a long term downtrend( trade with the trend) i've seen a breakout of trend and it touch my daily resitance zone therefore we are looking for sell Opportunities 2.5 risk/reward I explain my reason why I took this trade, this is my analysis so take it with precautions April 27 2021
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In using trading concepts like Candlestick formations it is very important to look at the context and not just blindly go short or long as these get printed on the chart. In this example, I am looking at a weekly candlestick formation spinning top on EUR JPY. Spinning tops or bottoms are labeled as indecision patterns or reversal patterns. In this video I am going...
USDJPY has a confirmed descending triangle setup, I will be waiting for a retest on the trendline for a trend trading and trend following trading opportunity. A break and close above the trendline will invalid the trade.
On the 4-hourly and 1-hourly Chart, EURUSD is on a bullish trend. The earliest price for trend traders who prefer a retracement(pull-back) to engage the bullish flag pattern is 1.2071, personally, I will be waiting for 1.2055 to engage the flag pattern.