This video consist the technical analysis of XNGUSD for the upoming week ( 6-10 December 2021) based on the price action. The market is now in down trend because it has broken and closed below both the neckline of head &shoulder pattern and the deep pullback support of the up trend.
The price is now at the broken resistance which could turn into support.
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This double bottom pattern has formed on the weekly chart of the AUD/CAD currency pair, signaling a potential reversal from the preceding downtrend. The two bottoms are marked with the yellow arcs; the neckline is marked with the yellow horizontal line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss...
1,4 hrs chart we have a 24 hrs fight taking place
King wants to rest a bit for the next Moon Shot...
Happy Trading...
Rumor Has it, although Simple Price Action & Strength Index has some short term plans but Bulls are planning something big, no time to wait!!!
it is a really important area.in 4H time frame there is an uncomplete double bottom
so if BTC gets it support on this area and breaks the neckline then we can see new ATH
otherwise we will see 53K support
Looks like SOFI is possibly setting up for a breakout in the next 1-2 weeks. I am not giving any direction on which way I think it will go but I have plotted out possible levels of support/resistance that it could test in the near future.
Silver has formed huge reversed Head and Shoulders and we can see clear in the chart that XAGUSD made "Flat Top/Bottom" pattern also "Support and Resistace" has confirmed.
Metal as well is completing its pullback to the neckline, the target on the upwards side is 26$=27$.
The price broke yet another horizontal structure
Which indicates the inexhaustible...
The Swiss have been Bullish in the last 8 weeks and I suspect a temporary correction is evolving with anticipation of a rally continuation in the coming week(s). Therefore, we shall be looking for the completion of the reversal pattern sighted on the Daily chart to take advantage of a counter-trend opportunity this new week.
Tendency: Downtrend (Bearish)
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Euro still very weak against the USD, price tired to push a little bit to the upside but couldn't even reach the 0.5 fibo retracement (1.1715) level, I believe the selling pressure will continue to push the prices down. Recently price has created a double top at 1.19 and broke the neckline and the range of this double top pattern has a similar target with the fibo...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
USDHUF is sitting around a daily resistance in blue so we will be looking for sell setups.
on H4: USDHUF formed a head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to prove control again.
Trigger => Waiting for a momentum candle...
Strong USD has also pushed the pound in a downtrend after 1.4250 double top and 1.3650 neckline has broke. I believe 1.3850 is the new swing high before the price creates another low below 1.34. On the long run I believe Pound will continue to be in a downtrend until it hits price 1.31 at a minimum and maybe continue from there.
After bitcoin gave an ATH, price has formed a head and shoulders (HS) formation and broke neckline and structure. I believe price will reach 52.000 area which also is the next major support area and should be a good take profit matching with the target of the HS formation.
Hello there traders
1-We can see a strong uptrend of the price since the beginning of 2021
2-A double top
3-Strong bearish impulsive moves from the price breaking the neckline & the uptrend
4-Sells were taken at the retest of the neckline & 0.5 Fibonacci
5-First TP achieved
6-Waiting for a scale in opportunity if the price retraces back to the area of interest (...
We witnessed a 1,000pips run in our direction since my last publication on this pair (see link below for reference purpose) and the confirmation of reversal set-up at the Breakout of Neckline (CNY 6.39500) during last week trading session is the final straw that broke the camel's back for me.
Higher US bond yields and hawkish Fed expectations shine the light of...
As we can see price is forming a strong reversal pattern and if this pattern gets completed we can expect a huge dump for Bitcoin.
Only after breaking the neckline that is 60K support price can fall hard else if these local supports here remains valid we can expect blue range zone and some more range here.
DISCLAIMER: ((trade based on your own decision ))
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BTC looking for a 4-hour Higher-Low to continue the move away from the H&S neckline. With the addition of ETFs and Futures will the volatility profile of BTC change?
A very promising shorting opportunity at EUR JPY after a recent H&S pattern formation. Targets above the right shoulder and targets around the 130.91 level as this is a level where the price consolidated in the past. We also have the 50% retracement confluence after taking into consideration the most recent swing high to swing low. If we pay attention to the RSI...
The probability of the Greenback to do a substantial drop in the coming week(s) seems to be high following the appearance of a reversal pattern in the structure of a Head and Shoulder on the Daily chart.
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Reversal pattern (Head & Shoulder)
Observation: i. As far back as 2010, It is...
