An AB=CD pattern setup could be used in this manner too. I'm waiting for a shorting opportunity at 167.03. Aggressive traders could consider an instant shorting opportunity the moment when the market opens, whereas conservative traders could wait for a double top with rsi divergence to engage the trade.
Primary Chart: Two Downward Trendlines, Fibonacci Levels, Major Resistance Zone and Anchored VWAP from October 13 Low Early bears jumping in to short NVDA last week were punished when NVDA's apparent breakdown failed. NVDA broke decisively below key Fibonacci support as well as an upward TL off the YTD lows from mid-October 2022. But then this breakdown utterly...
BTCUSDT , We still have 8hrs untill the Day candle close. If the candlestick close above 19500, we can expect some pump coming. but if the candle close below 19500. we now can entry a short position. Whats your thoughts then? If you found this idea helpful please boost and follow. thank you! :D
On the 4-hourly chart, we have a retest at the resistance level with an RSI Divergence. The strategy that I plan to involve myself with in the trade is through the Bearish Shark Pattern setup that completes at 1.8065. I've taken this trade with an aggressive approach. Trade engaged at 1.8040.
If you are waiting for the more conservative approach to short the USDCAD, you might have to wait for a break and close below the rising trendline(red). Aggressive traders observe how the candles react at the trendline. A break and close below is what you need
Primary Chart: Fibonacci Levels, Symmetrical Triangle Broken in September 2021, Anchored VWAP , and Downtrend Line On September 21, 2022, SPX's had a breakout to the downside from a multi-month symmetrical triangle pattern. This pattern was discussed in a post prior to the breakout. But when price breaks out of technical patterns, price sometimes tends to...
Normally I won't be trading the abcd pattern on the 15-minute timeframe, but in this case, the candlestick completion zone is at 82.60, which is the previous structure resistance, see that? That is when we need to be flexible in our analysis.
82.16 is an important level of NZDJPY on the daily chart; that's the support level of the Bullish Flag setup. While some traders are non-believer of the Flag Pattern, 82.88 provide a good level for the trend traders to head in for a shorting opportunity in advance of the move.
GBPUSD is on a bearish trend; you may wonder if GBPUSD will hit parity with the dollar. The next level of support is at 1.0554, the market has to break and close beyond the level before we talk about Pound Parity with the US. The immediate resistance level that I'm waiting for a shorting opportunity is at 1.1212.
GBPJPY on the 1hourly chart at structure; any plans you have, traders? Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
OANDA:EURCAD Hello folks!!!, This is my analysis brought to you after deeply analyzing the EUR/CAD Forex pair from a technical, trend and fundamental perspective: Pivot point : 1.3138 Stop loss : 1.3175 Take profit : 1.2914 Entry Price : 1.3110 Risk/Reward Ratio : 1:3.7 If this post was useful to you, do not forget to like and comment.❤️ Trade...
Possible resistance breakout and trend reversal! Looks like construction material stocks are booming and it is time for Birlacorp now! Staytuned!
Finally, with days of waiting, I'm waiting for the opportunity to short the EURUSD! I'm waiting for the shorting opportunity when the candlestick close, trading base on resistance level.
If you read my last week's analysis, you should know that there is a potential Bearish Bat Pattern on the daily chart(the link is within the tradingview article). If you are looking for a counter-trend trading opportunity, the Bat Pattern might not be the best setup, and that's because I don't like what I'm seeing(consolidation before the Point D...
Can SPX Continue to Push Through a Wall of Resistance? Like many other global indices and liquid assets, the S&P 500 (SPX) has had a powerful rally off June 17, 2022 lows. This rally coincided with the July 2022 FOMC meeting and presser—the rally increased in the days preceding the FOMC meeting and then continued in earnest afterwards. This post will not...
The EUR/USD is beautiful to trade level to level. Symmetrical Triangle target hit with very overbought label, followed by a retracement and oversold label for a lovely bounce. SELL R, BUY S, happy trading.
On the daily chart, the NZDUSD has hit its Key Resistance Level; it does have an opportunity for trend traders to jump onto the trade. On the 4-hourly chart, Point C of the potential Bullish Shark Pattern has a 3-bar reversal formation compared to Point A, and there's an RSI Divergence too. Point C candle didn't break and close above Point A; the above...
the USDCHF price is in daily support level & BULLISH FALLING WEDGE pattern . the NECKLINE IS BROKEN. the resistance line is broken. i predict a bullish move 📈 TARGET: 0.69813 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!