Today, we're expecting a test of the previous low and most probably a breakout as well which should take price around 1,0300. Around those levels we could expect a pullback on the downfall that started at 1,1180. That means we should look to close all of our short positions soon. Once we form a confirmed low and we see reversal signals we could possibly start...
Keep an eye on closing, and it will decide the next price movement, which will determine the trend for the next few weeks.
GBPAUD is in an interesting position, it is almost at its midway of a Bearish Gartley Pattern on the daily chart that completes at 1.7974 and a Bullish Bat Pattern on the 4-hourly chart. Either pattern complete shouldn't invalidate the pattern in this trading setup. It is important if you have the experience and know what you are doing before you plan to extend...
A Bearish Bat Pattern completes at 81.58 as a trend trading setup. The setup happens near the sell zone and it is a perfect setup for trend traders. Even with that, we shouldn't overlook the importance of candlestick pattern confirmation within the PRZ zone.
The moment the trendlines have been violated, they can be repurposed as an indication for a shorting opportunity. If you head in for the short, you are taking the counter-trend move or trend reversal move. Do note that trend reversal happens only once or twice out of ten times. Do take a conservative approach if you have that trading plan. There are two-level...
Yes, this post is about a Bearish Shark setup, but check out the daily chart on the link within tradingview, you will see that the market respects the ABCD Pattern at its HOP level, 1.2186. A counter-trend move on the daily chart. The intraday traders can wait for a pullback within the cyan box that's marked buy zone for a buying opportunity. You can observe how...
1.0415 is an important level for both trend traders and counter-trend traders. Should that level holds, trend traders will jump in to short the market, if that level fails to hold, counter-trend trends will jump into the trade. You can set an alert at that level and observe how the market reacts and take your action accordingly.
Pullback Candle will signal when price is at the end of a pullback and entering a balance phase in the market (works on all markets) Also we can expect a Pullback Candle during flash crashes as the theory of this script is when there is a turning point in momentum - this candle will appear and we can look long from this signal. This candle will only work in...
A Bullish Bat Pattern on Gold gives a great opportunity for trend traders to take action. Due to volatility, I trade 10x lesser in terms of trading exposure on Gold compared to my usual Forex exposure. How about you? Will you engage in the Gold Trade NOW? or would you wait for next week market confirmation?
Yesterday we had a breakout of the range and a continuation down on EURUSD. We're still expecting that price will continue in the same direction after the little break that it's taking right now. A rejection of the sell zone would be a good entry opportunity, The next target will be below 1,0300. We will have specific TP levels once the pullback has ended.
Today, price has reached 26K- 2 days after our last analysis We already saw a reaction of that level but we're still expecting a lower values. We will be looking for a pullback and then another downside breakout. The next support levels to watch out for after the pullback will be clear soon, so make sure to follow us to find out!
A Bullish Bat Pattern could be an opportunity for traders who are bullish on US Dollar to get involved. Conservative traders can wait for the candle close at 129.17 and retest back at 129.05 for a buying opportunity.
EURUSD keeps trading inside of a range and it reminds us of December, 2021 when we saw price trading sideways in a 100 pips move. After yesterday's moves, now we expect a breakout. It's still more likely to see a downside continuation but this is not the main pair that we trade. The important level right now is 1,0577 but we should also keep our stops above...
Bitcoin has been selling a lot the volatility is great for day trades under 27,671 I will short it Above 32,155 I will long it. Risk will 1% of my account value if I get these price points .
BINANCE:ETHUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ETH has broke below the macro bullish trend zone. Now there's a local S/R line located at $2200 and So, If we get any closing below, Then it'll clear the patch to $1700's local low! So...
NSE:TATAMOTORS tata motors sell if break 407, SL 420, TARAGET 388,375
The range on EURUSD continues and we're still expecting a downside continuation. Today we have news for the USD and that could cause a breakout of that sideways move. Stops must be above 1,0641 and in case price breaks out of 1,0484 then we would look for 1,0400 and 1,0350 next.
The candlestick body indicate a breakout pattern due to signicant price movement on previous trading where the price croses over the MA50 line. Hence, with probability of begining of uptrend pattern. The RSI indicates a strong gain momumtum towards indexes 50. MACD and OBV indicate an early sign of a divergence pattern. Precaution for a price correction...