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EURUSD 2HR CHARTWe have a sell opportunity for the upcoming week we can clearly see that the EURUSD has been on the uptrend for the past weeks making it a good opportunity for the reversal. which we already see it bounced from our key area and resistance at @1.09100 and it also broke the uptrend. we can expect a little pullback to get more orders around the resistance. overall for this following week we can expect a downtrend looking specifically for sell opportunities. Trade safe everyone and let me know what you guys think about my analysis. Have a excellent week everyone. :)
Short
by Juliansd
EURJPY 1HR CHART SIGNALWe have a nice head and shoulders pattern on the 1hr time frame for EURJPY, there is also double confirmation coming from a good rejection from the 4hr resistance @144.486. we also see the breakout of the uptrend we currently had going on for the past week making it even better opportunity for the sell coming up. A nice point of entry would be around @144.000, putting our SL right above the right shoulder which would be around @145.500 giving us a good space incase we see a small pullback allowing us to stay inside our trade. For our TP I am looking at 1-1 risk/reward so the first TP would be @142.500 and to maximize our profits I would aim for the seconde TP down to the 4hr support which would be around the @140.317.
Short
by Juliansd
1
SPX: Powerful Breakout! The Index Seems Unstoppable (For Now).• The SPX triggered the pivot point at 4k, which we mentioned in our last analysis, and the trend is now bullish (the link to my previous analysis is below this post); • Now, the support levels are: 21 ema; 4k; and the lower purple trend line. The SPX would have to lose all these support levels, doing a downwards breakout from its Ascending Channel, in order to reverse the bullish bias; • In the daily chart, the index broke the trend we talked about in our previous study, indicating that it is reversing the trend; • What’s more, it triggered a bullish pivot point, as it broke the previous high at 4,039 after doing a higher low (3,909); • Now it appears the index is seeking the next resistance at 4,078 (Futures already hit this resistance level); • There is a possibility that the index triggered an Inverse Head & Shoulders chart pattern as well, indicating that the bullish reversal has just started. In this scenario we would easily hit the 4,200 in the next few weeks; • I’ll keep you updated on this. For now, let’s pay attention to the movements in the 1h chart. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
GOLD H1Hello traders, GOLD is setting up for a downside move watch GOLD according to your own trading system or strategy and look for a short position trade setup opportunity. I am currently watching price to hold around mentioned area and looking price movement for a short position setup, if price break the mentioned high then this setup will be invalidate. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
OANDA:XAUUSDShort
by TheLoserMan
1
NVDA: Bullish, But Be Aware of These Patterns.• NVDA is about to retest the previous top at $275.89, after a quick correction to the $258.50; • NVDA is in a very strong bull trend, and the last correction couldn’t even hit the 21 ema in the daily chart; • By breaking the resistance at $275.89, NVDA would trigger another bullish pivot point, reinforcing the bullish bias. Its next target is the $289.46, which is better seen in the weekly chart; • However, it is important for NVDA to break the $275.89 as soon as possible, as if it does a top sign in this area, the market may see a Double Top – we discussed this possibility last week, in our last analysis (the link is below this post, as usual). If it loses the $258.50 (previous bottom), then it’ll give another confirmation sign of a bearish reversal. • In the weekly chart, we see that NVDA reversed the bear market by doing an upwards breakout from its Descending Channel, and it triggered an IH&S chart pattern; • The $289.46 is a previous top from March 2022, and it is a technical resistance for us now. It appears NVDA wants to hit this target. So far, there’s no top sign nor bearish reversal structures; • In theory, a pullback before it hits its target would be normal, as pullbacks after the breakout of the neckline of an IH&S occur 65% of the time (Bulkowski, Encyclopedia of Chart Patterns); • If NVDA triggers a sharp correction in the weekly chart, I see it retesting its 21 ema next; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
SPX: Trend Analysis + Key Points to Watch From Here.• The SPX is trading inside an Ascending Channel in the 1h chart. Today it is losing momentum, indicating that it could seek the bottom of this channel; • Yesterday, the index failed in breaking the 4k, which is its most important key point. By breaking the 4k, we would see a bullish pivot point in the 1h chart, indicating that we could seek the higher line of this channel; • If it loses this channel downwards, then it is very likely that it’ll seek its support at 3,808, which we mentioned in our previous analysis (the link to it is below this post, as usual). • The problem is that in the daily chart, the trend is still bearish. There’s a purple trend line connecting the previous tops, and it seems it worked again yesterday; • As long as the index remains under this purple line, the SPX won’t do any meaningful bullish reversal pattern; • What’s more, there’s no clear bullish reversal structure in the daily chart yet. Yes, there’s a bottom at 3,909, which is higher than the previous one at 3,808, but without a higher high, the trend will remain bearish; • Therefore, it is very important to watch how the index is going to react now that it just hit its major resistance in the daily chart, and if it’ll break its pivot point in the 1h chart; • This is a defining moment for the SPX, and I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
📉Bearish Reversal Patterns & Showcase📉What are Reversal Patterns? In trading, candlestick patterns are used to analyze the behavior of the market and identify potential opportunities to enter or exit a trade. Reversal patterns and continuation patterns are two types of candlestick patterns that traders look for. Reversal patterns are characterized by a change in the direction of the trend. These patterns indicate that the market is likely to reverse its direction and move in the opposite direction. In contrast, continuation patterns signal that the trend is likely to continue in the same direction after a temporary pause or consolidation. Reversal patterns usually take longer to form than continuation patterns because it's easier for the market to continue moving in the same direction than to change course. For example, if sellers are pushing the market lower, it takes more effort for buyers to turn the market around and initiate an uptrend. A reversal pattern may occur after a period of strong selling or buying pressure, as traders become exhausted or the market reaches a key support or resistance level. Once this happens, traders who missed the initial move may see an opportunity to enter a new trade in the opposite direction of the previous trend. However, for a reversal pattern to be considered valid, there must have been a previous trend in place. A sideways market cannot be classified as a reversal because it doesn't reflect a change in trend direction. Traders typically look for confirmation of a reversal pattern, such as a breakout from a trendline or a significant price movement in the opposite direction of the previous trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
NVDA: Incredibly Bullish!• NVDA is very bullish, and it seems it wants to hit its next resistance at $289; • As seen in the weekly chart, there’s no top sign nor weakness signs indicating that it could correct from here; • What’s more, NVDA triggered an IH&S chart pattern in January, and it did an upwards breakout from the Descending Channel (purple lines) it was trapped inside; • Could NVDA correct from here? Yes, and a pullback to its 21 ema would be acceptable, as the last time we hit it was a couple of months ago. However, in order for a pullback to materialize, we must see a reversal pattern in the daily chart: • In the daily chart we see nothing but a series of higher highs/lows, above the 21 ema – An incredibly strong bull trend; • We would need to see a clear bearish structure, like a lower high/low, a top/reversal chart pattern like a Double Top, H&S, etc. So far, there isn’t any meaningful bearish sign; • In this scenario, NVDA could trigger a sharper correction, and maybe even fill the gap at $210 (which is very close to the 21 ema in the weekly chart, by the way); • However, even if NVDA does a correction of this magnitude, it wouldn’t ruin the bull trend seen in the weekly chart, only in the daily chart; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
6
Symmetrical Triangle on USD/CAD @ D1Following a long-term uptrend wave, the USD/CAD currency pair consolidated into a symmetrical triangle pattern on the D1 timeframe. It can now be used as a continuation breakout setup. My potential entry will be placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (1.35990). I will ignore bearish breakouts from this trend continuation pattern.
Long
by AndriyMoraru
📊 Diverse Chart ApproachesHere is a diverse chart approach for trading that includes some tips: 📍 Use multiple timeframes: Analyzing charts at different timeframes (e.g., daily, weekly, monthly) can provide a broader perspective on market trends and potential trading opportunities. 📍 Combine chart types: Using different types of charts, such as line, bar, and candlestick charts, can provide different insights into price action and help identify support and resistance levels. 📍 Apply indicators: Technical indicators, such as moving averages and oscillators, can be applied to charts to identify potential entry and exit points, as well as confirm price trends. 📍 Incorporate chart patterns: Chart patterns, such as triangles, flags, and head and shoulders, can be used to identify potential price breakouts and reversals. 📍 Use trendlines: Drawing trendlines on charts can help identify potential areas of support and resistance, as well as indicate trend direction. 📍 Keep it simple: While it's important to use a diverse range of charting techniques, it's also important not to overload charts with too much information. Keeping charts clean and easy to read can help avoid confusion and lead to more effective trading decisions. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3