Attention traders! We have an exciting opportunity on the horizon as we unveil a compelling bullish setup on USOIL, unfolding on the 15-minute timeframe. Get ready to ride the wave of optimism and seize the moment as price forms a bullish bat pattern, a powerful harmonic formation renowned for its success rate. But that's not all! Recent news regarding oil has...
Traders, get ready for an enticing opportunity as we unveil a compelling bearish setup on the EURUSD pair, observed on the 1-hour timeframe. It's time to crack the code and capitalize on a potential sell signal, driven by the breakdown of an asymmetrical triangle pattern. Our journey begins with the recognition of this pattern, characterized by lower highs and a...
Attention, traders! Brace yourselves for an exciting opportunity as we uncover a compelling bearish setup on AUDUSD, observed on the daily timeframe. It's time to seize the moment and take advantage of a breakdown in price, signaling a potential continuation of the existing bearish trend. Our trading journey begins with the recognition of a range breakdown, a...
Traders, get ready for a thrilling prospect as we uncover a compelling bearish setup on GBPJPY, observed on the 1-hour timeframe. It's time to harness the power of a megaphone pattern and capitalize on an accumulation of sell orders, presenting an ideal opportunity to go short when the neckline (lower structure) of the pattern is breached. Our trading journey...
Calling all forex enthusiasts! Prepare yourselves for an exhilarating ride as we dive into a bullish setup on USDCHF, featuring the captivating Crab pattern. Get ready to ride the waves of potential profits and join us on this exciting journey! Technical analysis📓: Our focal point is the key resistance level at 0.90000. Picture this: if this level is breached,...
Attention, fellow traders! Exciting times are ahead as EURUSD breaks free from its range, paving the way for a potential rally! Buckle up and get ready to ride the bullish wave as we dive into this enticing opportunity. The stage is set for an upward surge, with our first target set at 1.08100, followed by the second target at 1.08500. Picture this: the price...
Attention, traders! Brace yourselves for an exciting opportunity as we explore a bearish setup on USDJPY. Get ready to embark on this thrilling adventure, combining technical analysis and fundamental insights for a potentially rewarding trade! Our focus lies on the bearish bat pattern, a powerful tool that identifies potential trend reversals. With this pattern...
Welcome to my analysis of the current bearish setup on Bitcoin. First, let's talk about the bearish head and shoulders pattern. This technical pattern is formed when there is a peak (the head) followed by two smaller peaks (the shoulders) on either side. This pattern is usually seen as a signal of a trend reversal from bullish to bearish. In the case of Bitcoin,...
Hey everyone as you can notice price formed an head and shoulders pattern, which is a highly reliable signal that indicate price may fall from here. Trend is reversing, therefore im expecting a retracement to the neckline of the H&S pattern and then a sharp fall to at least 28250 where there is the demand zone. Moreover the moving averages crossed bearish which...
Hey everyone ! price have finally reached point D of the bullish bat, for those who dont know what it is : bullish bat is an harmonic pattern established by market scientist that defined an area in which price have a high probability to reverse (higher than 70% winning rate if the analysis was done great). it is based on market sentiment, price action and...
Hey everyone we have this nice bullish bat approved by a bullish divergence on macd. The price already seems to react positively since it bounced strongly when reaching point D Hence i will wait for a small retracement to improve the Risk:Reward ratio and enter a long position according to my plan. my first target will be the 618 and maybe, if the momentum...
Hey everyone ! Based on the datas, we're actually at a key level. The first scenario would be that it bounce on this trendline and keep rallying, as stochastic is oversold and this was always a great opportunity to buy the dips. Hence it could engulf all the bearish momentum of last friday and find a target above the last higher high or in the second scenario...
Hey everyone lets buy the bottom of the range ! :) We could observe a nice confluence of support : At first Price bounced on the Demand zone forming a double bottom in lower TF(we can notice it in 1h TF as well) now it broke the neckline of the DB (1) + the trendline (2). The EMA's 10 and 20 are now acting as support, and are ready to cross bullish (3 and 4) ...
beware of buying in this zone as mainstream media advice you to do. first check out how the market is rejecting 618 fib several times, and keep forming lower highs and lower lows. Macd is also indicating that a bearish wave is likely to happen. i'm opening a short position from here (details below) and expecting the price to drop and break the 10 000 level i...
beware of buying in this zone as mainstream media advice you to do. first check out how the market is rejecting 618 fib several times, and keep forming lower highs and lower lows. Macd is also indicating that a bearish wave is likely to happen. i'm opening a short position from here (details below) and expecting the price to drop and break the 10 000 level i...
Hey everyone, Default on debt of the US concerns because we're amid political tensions in the congress and the maturity date is approaching. Recap : Democrats want to rise the debt ceiling VS Republicans want to lower the expenses. The failure to reach an agreement before maturity date may provocate a shock wave on the market. As we all know, the dollar tend to...
rise in bearish momentum, fall below many rejecting candles and is now heading below 1900 (psychological level). broke last higher low = trend reversal confirmed. --- find 618 pullback or inside bar pattern
Hey everyone ! as easy as it may seem. the price formed a descending channel and it is now breaking the upper trendline, which is a strong bullish signal. i'm quite confident about this trade since this type of pattern on daily timeframe have a really high winning rate. The macd indicator is confirming this setup as there is a huge bullish divergence Right now...