Lets look at CAPITALCOM:DXY Currently with a Bullish structure and slow build up Long. Seems it is attempting to reach that Monthly Area low. Bullish Dollar=Bearish Equities....Right? Well this has not been the case these particular past couple of weeks. We have not seen with clarity the inverse correlation between DXY and Equities. In fact everything has...
❤️Forex Besties❤️ INFORMATION Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD. Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal. 💲BUY GOLD 1980-1975 💲 SL @ 1970 TP 1 @ 1985 TP 2 @ 1990 TP 3 @ 2000 ...
Four pairs on watch for me today, simple plays. Market needs to show its hand first, right now it is a case of staying composed and patient.
A long position I took on EURJPY this afternoon. Risk was managed but taken out of the position for a breakeven, nowhere for profit to be locked in using structure however I am very happy with the decisions made throughout.
Trading V-Patterns The recognition of patterns and its body of knowledge of how to react and what to expect helps a trader's success. Traders are always analysing 'Trends' and 'Reversals.' Their eternal question for traders is 'Can the trend continues?'. Knowing trends and trend reversals are critical for any trader’s success. Chart patterns classification of...
Hey everyone, In our previous analysis price failed to give us the sharp impulse and retest/correction we were expecting after the break but instead price took the break out and rejected back into the patterns. Now we are approving the 3rd touch confirmation of the structure where we need to see patterns only or rejection candle formation. WHAT ARE WE...
Same bias for the pair but looking from the 1HTF perspective we can see a more clear Price action pattern rather to be caught up on wrong side of the market if focusing on lower timeframe. I'll be considering A Risk entry type at the top of the rising wedge structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight...
A follow on to our chart before this: “Please read the analysis below to make better sense of this chart.” As we can see, our pattern for each time the 21 crosses above the 50MA, price tops out and retraces. Also hitting our 100 EMA resistance in 2015 just as we are seeing in the charts Now - 2023! However, unlike the 2021 cross, top and pullback followed...
Possible symmetrical triangle formed on the BTC PA. If up it would be a tag on the H1 200ema If down it doesn't really matter anymore lol
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Hi Traders, As far as I am concerned Gold is yet to decide which way to go. It is not advisable to get caught with FOMO. I will wait for the breakout below or above the wither of the yellow zones as confirmation to buy or sell. Not advisable to take a trade within the triangle but better to wait for confirmation. I need a convincing break and closure below 1915...
Few pairs on watch for the week ahead, some may take more time as structures may develop but dont sleep on these, just monitor and keep a steady eye on when to flip the weighted coin. drop me a message for infomation on where i learned to trade.
Coin: Doge Type of signal : Spot Entry Price : 0.09$-0.14$ Price now : 0.14$ Goals: Tp1 0.157$ Tp2 0.197$ Tp3 0.263$ Tp4 0.333$ Tp5 0.412$ Long-Term 0.5$-0.63$-0.75$-1$-1.65$ SL Hold
After a false alarm on a double top formation Once again we have a nother N3 pattern repeating above the 50’s currently on the accomulation zone
So been stepping out on time frame and looking at the current run up as a smaler fractal of the run up to the ATH, and found some amazing confluence and patterns emerge as i drew this chart up, which shows that we are in a mirror image but on smaller time frame of the run up to ATH
I made this call last night. The index broke out of an ascending triangle and I waited for retest to complete, as you can see.
Price made a huge bearish impulse, then is now consolidating within a HTF expanding triangle. Current price is moving correctively within a ascending channel to previous highs. Within that LTF ascending channel we have more ascending structure forming. I would like to see price touch the expanding structure for a 3rd touch & show bearish continuation to the downside.
Are we going to shakeout the strongest hands before the moon mission? I like fractals and I have done numerous analysis that says the bottom is not yet in and this is something I just uncovered. Would be really interesting to see this play out. Let me know what you think!