Hello fellow traders! Today, I would like to share an exciting trading opportunity that has emerged on the GBP/JPY currency pair. Through careful analysis of the 1-hour chart, I have identified a bullish trend, supported by a significant technical pattern. Trade Plan: Entries: Buy at 181.441 & 181.443 Stop Loss: 180.214 Take Profit 1 (1:1 Risk-Reward Ratio):...
Bullish Indications (BIASED: LONG) 1. Higher Highs and Lows 2. Tweezer Bottom is found on Green Support Line 3. Price gives significance of 0.236 fib level as well as Higher TF Support 4. GBP Index is Bullish & DXY is Bearish 5. The previous 3 December was bullish 6. Bullish Divergence on 1H and 2H TF Bearish Indications 1. Break Trendline 2. Red candle is...
Bullish Indications 1. Higher Highs and Lows 2. Tweezer Bottom and Bullish Engulfing on HL 3. Break 0.5 fib support level 4. Break Upper Resistance Trendline 5. Formation of Bullish Flag 6.12 out of 16 years December remains bullish 7. Trend is not mature enough to make it a reversal Seasonal Data for the Past 15-16 Years Dec-06 => Green Dec-07 => Green Dec-08 =>...
With FOMC uncertainty coming up this week, and the indices hitting into near term trendline resistence, some volatility will not be surprising in the next few days. Among the 3 indices, DJI has been the strongest of late. On the monthly timeframe, we can see a few rather bullish signs: 1. a "tweezer bottoms" 2. bullish engulfing candlestick 3. bullish...
Our SHORT PROJECTION has ended with a deep 78.6% Retracement. With the New Month. We are looking to LONG the Pair. Looking for best entry most likely coming week. We have Tweezer and Doji on MN.
Both the S&P500 and Nasdaq100 have formed bullish "tweezers" on their monthly chart. While the S&P has stopped short at a potential resistance around 4170, NQ however has surpassed it's near term resistance of 13000. Hence NQ's original resistance (12900-13000) is now potentially a "support" zone. The odds have increased that we are no long in a "bear market...
I posted on 7th July that there was a potential bullish divergene on the monthly chart of Nasdaq, and it has since come true. What is interesting is that we are now seeing a potential "tweezer bottom" on the monthly as well (both bullish). The daily chart has been trading within a rising channel. With FOMC out of the way, there is a good chance for NQ to reach...
Gann Support: 0.37/0.34 | Resistance 0.40|0.43 Current price near the resistance. Target price after break the resistance is 0.43. Tweezers bottom pattern form last week which indicates possibility of bullish trend. Based on MACD analysis, buy before or on overlapping of the two lines. Analysis based on my hope only. No need to trust this analysis.
1. Tweezer bottoms 2. Bullish engulfing ( Only body have engulfed)
ENPH looks ready to make a move to the upside. Tweezer bottom reversal pattern with bounce off trendline verified today, RSI curled upward, Increased volume and MACD ready to turn green next week. Looking for $168-$172 in the next 1-2 weeks followed by $180 shortly after.
The daily formation is turning into tweezer bottom signaling a potential reversal from this low. 14% upside 3.7% downside 3.79 R/R Ratio.
This idea will be labeled as bearish but it should it be noted upfront that I am bullish.. just not at this immediate moment. But I am closely watchful due to the fact that HEX has bullishly engulfed and formed what might be a tweezer bottom candlestick formation on the 4 hour time frame, which are technically seen as reversal patterns. HEX seems to print these...
Hello traders and investors! Let’s see how the SPX is doing today! To the untrained eye, the 1h chart seems erratic and unreadable, but if we look carefully, we’ll see that the movements were all extremely technical. First, the index dropped to fill the gap (yellow square at 4,198.77), and it found support over there. Now it did an impressive Tweezers...
The is literally the final ground the USD has to stand on: Hold the 0.886 and you're off to test much higher prices once again. Tweezer Bottom with Bullish Divergence on both MACD and RSI at the .886 along the bottom of a Falling Wedge at the PCZ of a Bullish Shark.
Hello Tradingview community! UBER is extremely oversold, and we have a tweezers bottom above the support at 50.84. Also a good risk-reward trade! Good luck! 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” button 😉. See you soon, Melissa.
Keeping stop above entry, would really like this to be the bottom of the late unpleasantness, but selling continues to be relentless. No doubt sellers are trying to drive price down to 50K or lower. 50k is psychological support for "normies" so I think it is worth trying a long from here with a tight stop. Don't lose money on things like "the big magic number has...