Chartpatterntrading
DXY, SHORT Resault: 420 pips✅Based on the structure of the chart, the US dollar index is pulling back towards the middle line of the ascending channel and will move towards the bottom of the channel after the pullback.
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CADJPY , SHORT Resault: 600 pips✅As you can see in the chart, due to the weakness in the decline and the reaction to the support level , I expect an upward correction first, and then I will update the analysis if there is a reaction to the resistance level .
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
NIO: Just hit a SUPPORT! What to expect from here?• Since it hit our resistance at $14, NIO has been correcting. This no surprise, as this is a critical key point for the stock, as we mentioned in our previous analysis, last week (link below this post);
• Now, NIO hit a support level, the 21 ema in the daily chart;
• Any bullish reaction above the 21 ema could mean a bounce to $14 again. NIO could even break this resistance;
• Although the daily chart looks bullish, as NIO is doing higher highs/lows, the long-term sentiment is still bearish. Only if NIO breaks the $14 it’ll trigger a bullish reversal structure in the long-term – therefore, watch this line carefully;
• On the other hand, if it triggers this Bearish Flag downwards, it would just resume the long-term bear trend, and the next stop is around $5;
• Regardless of what happens, NIO has plenty of potential (to the upside and downside), but it has to break its key resistance or trigger its main bearish pattern in order to do something good. I’ll keep you updated on this, as usual.
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QQQ: Pay attention to this CHART PATTERN!• QQQ is very volatile, and since it hit the ceiling of this Broadening Wedge, it dropped sharply, and now, we are near the bottom line;
• If QQQ does a downwards breakout, and loses the support line, the gap at $268.50 is a reasonable target to work with;
• So far, there’s no evidence that it’ll react and find a bottom, but if does, the timing couldn’t be better, as we are near a support level;
• The 21 ema is flat, and it seems QQQ is just erratic. Either way, as long as it stays inside this Wedge, nothing meaningful will happen. Let’s wait for a breakout.
Recently, we scored another target on QQQ (link to my previous analysis is below this post), but now, it is time to be cautious.
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TSLA: Incredibly BEARISH! Next KEY POINTS! [UPDATED]• After scoring another target on TSLA, it dropped below our support at $166, giving continuation of this restless bear trend (the link to my previous post is below this analysis, as usual);
• Now, TSLA is around the $155, which is a possible support level, as it was a previous resistance on Oct 2020, as seen in the weekly chart below:
• As seen in the weekly chart above, the dotted line at $155 is a support area, but there’s another one: The purple trend line;
• TSLA is inside a huge Descending Channel since Nov 2021, and it is trading around its bottom line;
• Therefore, this is a dual support area made of this dotted line + purple line;
• Any bullish reaction in this area could indicate that TSLA would bounce again, maybe to the 21 ema in the weekly chart, or even to the upper purple trend line, retesting the ceiling of this channel again. However, there’s not a single bullish reaction on TSLA right now;
• What if it loses this dual support area? Then the $126 is the next support level on TSLA;
• The situation is critical on TSLA, and regardless of what happens, we will see interesting movements in the next few weeks. I’ll keep you posted on this.
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Price action Setups on NaturalGas Since the gap up on Gas price has moved volatile between 6.97 and 6.40
Price has come back into the area of support with a potential exhaustion to the downside coming to a close.
Simple price action setup...
The first pattern connector provided a 6% swing to the upside.
Could the new pattern connector deliver the same??
USDCAD: BEARISH POSITIONS BELLOW 1.35537FX:USDCAD
Hello folks!!!,
This is my analysis brought to you after deeply analyzing the USD/JPY Forex Pair from a technical, trend and fundamental perspective:
*Pivot Point : 1.35537
*Stop Loss : 1.36337
Take profit : 1.32169
Entry Price : 1.35537
Risk/Reward Ratio : 1 : 1.88
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✅Fallow me to be up-to-date with all my posts and updates 🚀.
Yasser Tavarez,
Wish you all the best!
USDJPY: BEARISH POSITIONS BELLOW 147.400FX:USDJPY
Hello folks!!!,
This is my analysis brought to you after deeply analyzing the USD/JPY Forex Pair from a technical, trend and fundamental perspective:
*Pivot Point : 147.400
*Stop Loss : 148.209
Take profit : 142.752
Entry Price : 146.980
Risk/Reward Ratio : 1 : 3.56
⭐If this post was useful to you, do not forget to like ❤️ and comment ✍️.
✅Fallow me to be up-to-date with all my posts and updates 🚀.
Yasser Tavarez,
Wish you all the best!
AUDJPY: BEARISH POSITIONS BELLOW 94.666FX:AUDJPY
Hello folks!!!,
This is my analysis brought to you after deeply analyzing the EUR/NZD Forex Pair from a technical, trend and fundamental perspective:
*Pivot Point : 94.666
*Stop Loss : 95.486
Take profit : 90.456
Entry Price : 94.431
Risk/Reward Ratio : 1 : 4.05
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✅Fallow me to be up-to-date with all my posts and updates 🚀.
EURNZD: BULLISH POSITIONS ABOVE 1.72559FX:EURNZD
Hello folks!!!,
This is my analysis brought to you after deeply analyzing the EUR/NZD Forex Pair from a technical, trend and fundamental perspective:
*Pivot Point : 1.72559
*Stop Loss : 1.71736
Take profit : 1.82018
Entry Price : 1.72823
Risk/Reward Ratio : 1 : 5.50
⭐If this post was useful to you, do not forget to like ❤️ and comment ✍️.
✅Fallow me to be up-to-date with all my posts and updates 🚀.
Symmetrical Triangle on AUD/CAD @ W1A long-term symmetrical triangle has formed following a downtrend on the AUD/CAD weekly chart. It can serve as a continuation pattern for a bearish breakout trading opportunity. My potential entry is placed at the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower border. I will set my stop-loss to the triangle's topmost point (0.92534).
AFFLE, TREND ANALYSIS!the lines drawn are the trends, based on the market behaviors.
some lines are short term ones, and chart patterns. i will make you go through it.
the two black line and one dark black line, are the major trend, where the stock should be following, but since IT sector had gone week past year, and much FII selling had come through, the stock needs to come to its lower support area.
the two dark red lines are drawn, that says the trend for the bear market and for the short term. the stock has supported it several times, trading in that zone. the stock is strong enough, to not break its support.
whenever the market has gone bearish, those times the stock supported the red line(support).
further, moving to the chart pattern, the blue lines are those. you could see a beautiful triangle formation, and the path for both sides is drawn. but i mostly think, the stock will be carried upward, since NIFTY has given its breakout, and many global situations have mostly factored in the indices.
the green line, drawn is a good support for a breakout trading, that line has been touched many times, and this time it has a good change to break it out, without further giving a pullback or coming to the past range.
the stock is at a good discount, if it breaks the chart pattern(drawn in blue), then i will be going short, otherwise, its a great to buy.
trade with a stoploss. the stock is currently, about 25% at a discount.
NVDA: Back to a CRITICAL Support Level!• Since our previous analysis, NVDA did exactly what we expected it would, as it is correcting after touching a strong resistance level (link to my previous analysis is below this post, as usual);
• NVDA did a Double Top chart pattern, which brought some correction;
• Now NVDA is trading just around the dual-support area we mentioned in our last post (21 ema + purple trend line);
• If NVDA reacts and closes above the 21 ema / purple line, then it might resume the bullish sentiment;
• However, if it fails in reacting in this dual-support area, NVDA would reverse the mid-term bull trend, and the $150 would be the first support level on it;
• Therefore, this support area is critical for NVDA;
• It all depends on how it’ll react today. Either way, we’ll have our answer soon. I’ll keep you updated on this, as usual.
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cadjpy, longAs you can see in the chart, due to the weakness in the decline and the reaction to the support level, I expect an upward correction first, and then I will update the analysis if there is a reaction to the resistance level.
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
GBPUSD - 240 MINS TIME FRAMEThe 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 (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
AMD: Around a CRITICAL support area!• AMD is trading at a critical support level today, as we just hit the 38.2% Fibonacci’s Retracement + Red Line at $70.16 (previous bottom);
• In addition, AMD lost the 21 ema, therefore, in order to avoid a bearish continuation sentiment, it must react as soon as possible above this key support;
• If a bullish reaction materializes (there’s none so far), it would seek the next resistance around $79 again, possibly breaking it;
• On the other hand, if it loses the critical support, the next target would be around $63 - $64 – The 61.8% retracement + Gap;
• Usually, when AMD respects the first retracement but loses it in sequence, it ignores the 50% and seeks the 61.8% in one single movement;
• Regardless of what happens, AMD looks quite good, as it has plenty upside/downside left. I’ll keep you posted on this.
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Btc/usdt short time fram hello every one i hope u all have a nice day
for BTC/USDT in 4H time frame
i see bullish head and shoulder and the target for it around 17710$/ 17522$
and i see also harmonic pattern (butterfly ) and the target for it around 18000$/ 18200$
and in Elliot wave we are in c wave we already hit the min target for c wave and the next target around 17710$/ 17522$
and u can what i believe the next move will happen in the chart
i hope its clear
best wishes
NIO: Trading around a CRITICAL RESISTANCE! What's next?• We see a Bearish Flag on NIO, however, this pattern wasn’t triggered yet (and we can’t tell if it’ll be triggered);
• As we discussed in our previous study, it did a bullish reaction just above the support, and it reacted just to hit our resistance, the upper line of this Flag. The link to my previous analysis in below this post, as usual;
• As we already mentioned, only if NIO breaks this upper line, it’ll completely frustrate this Flag, and it’ll reverse the bear trend;
• Either way, it is good to see it breaking the 21 ema with such strength. We don’t do that since September;
• Although NIO is trading near a critical resistance, there’s no top sign on it yet, indicating a pullback. If we see one, it might retest the 21 ema, or even the base-line again;
• The situation is critical (again), and the next movements will tell a lot about how NIO will perform in the next weeks, maybe months. I’ll keep you updated on this.
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