• We nailed another target on SPX, as it did exactly what it had to do, and it hit its 21 ema yesterday, just after I posted my daily analysis; • Today, it is under the 21 ema, indicating that the sell-off was intense, but we see some reaction; • While I’m writing this, SPX is trying to do a Hammer/Doji candlestick pattern in the daily chart. The pattern is still...
Yesterday, the interest rates were raised by 0.75%. That led to move towards the parity and a big rejection wick- just as expected. Aggressive entries could've been made right after the news. We can now expect that this downside move will continue. The next confirmation would be after a test of 0,9870 and another rejection. In order for this move to...
Today, we have news that will determine the next move on the dollar. There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news. The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there. However, if it reaches the...
• UBER is doing some interesting technical movements, even with the increased volatility after earnings; • UBER went up just to hit the previous resistance at $30.24, a previous support from Oct 06; • While I’m writing this, UBER is trying to do a Shooting Star candlestick pattern, a top sign; • If UBER confirms a top sign, just under a resistance area, then we...
Price made a correction to that previous minor zone, looking to short after price breaks out of that minor uptrend zone. Target is at next higher timeframe trendline for 120pips.
Like we already said, we have important news this week. Before that we are probably not going to have any clear moves. Yesterday we saw EURUSD moving to the downside and this will be the direction in which we will be trading. We will wait for the news to pass and then for further confirmation before entry!
A Bullish Gartley Pattern has standout. Usually setup like this will have a V-Bottom than a retest. I still prefer a retest before engaging on the trade. You make your own call, don't follow blindly.
This Bat Pattern looks ideal but not ideal for me, but I've bigger plans for this trading setup. A candlestick confirmation on the pattern retest is required before any trade is possible.
This trading setup is what matters. The 5-0Pattern setup that gives traders who are looking for a buying opportunity to engage the trade.
This week, we have FED Interest Rates. This is the most important event for the market right now! We're probably going to see big fluctuations in price and the best opportunities will be after the news on Wednesday. One option is to wait for EURUSD to go near 1,0090 and see if there will be a rejection during the news. If price action confirms the entry,...
A Bearish Bat Pattern setup could be an opportunity for counter-trend traders to latch on to the trade. The earliest I would consider engaging in this trade is 10 am (GMT +8) as I must wait for the candlestick pattern to close. For this setup, I wouldn't mind if i touches the arrow and reverse because that could bring in the AB=CD traders to join in the fun....
A retest on 0.8709 could allow me to engage this trade that has already show a RSI Divergence on the setup. Patience is the key for setup like this.
A Potential Head and Shoulders pattern could reverse and turn at 0.6364. I will be waiting for the confirmation signal before engaging in this trade.
A Bearish Bat Pattern gives the counter-trend traders a shorting opportunity at 0.5860. Not only is this a Bat Pattern, but the completion of the Harmonic Patterns lands within the resistance level on the 1-hourly chart.(you can check the link under "related-ideas" of the trading view)
A sideway bounce setup is on the 1-hourly chart. This is one of the best setup for counter-trend traders, for them can wait for shorting opportunity on the red zone and buying opportunity on the blue zone. With that said, trading confirmation is necessary.
A Potential Bearish Butterfly Pattern is looking to complete at 147.95. A candlestick pattern confirmation is still as important as looking for a trading opportunity. Do note that on the higher timeframe, I'm still looking for a buying opportunity.(check out the related article at the bottom of the tradingview post)
With all the BOJ intervention, USDJPY still stands strong; by the end of this week, at max next week, it will be back at the previous level. So, counter-trend traders, if you are looking for an aggressive kind of trend reversal trade; think twice before you act.
31/10/2022 LONG SIDE INTRADAY(5MIN) AXISBANK Trendline breakout in 5MIN TF taking support from support line retest happened in 5min tf bullish structure(Higher Highs and Higher Low)marubozu formation in 5min tf ENTRY-904.7 SL-902.3 TARGET-909.5 R:R-1:2 MOVE-0.53%