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June Week 5: Medium-term trend signal!Hi friends, I hope y'all had a fantastic weekend ;) Today, we have possible buy trade signal on this babe. This trade is derived from the monthly time frame that expects a bullish retest on the huge double tops neckline, symmetrical triangle ascending trend line, and 8 m.a. That retest will be triggered by the double tops accumulation phase, that will form a mini double bottom on the monthly that will be visible as a huge pattern on the weekly. The double bottoms 2nd leg formation will be driven by this time frames bullish half a bat pattern. Although we expect a bullish counter-trend, there's a high probability for a bearish long-term trend that will occur soon or later. With that said, let us take a look at how the bulls and bears might behave in triggering our trade and not. Bulls: -If the price bullish rallies to break and retest the Daily Half a Bat Neckline and Mini Weekly Half a Bat Neckline, together with the 50 and bullish crossed short-term m.a's, that will trigger what I call a "Half a Bat A-E.2 BUY signal". That signal will lead to a bullish 3 level trend and 200 m.a that will probably end on the last take profit point. Bears: -If the price bullish bounces off the Daily Half a Bat Neckline/Mini Weekly Half a Bat Neckline and 50 m.a with a bearish reversal candle or reversal pattern that leads the price to bearish break and retest the 8 m.a (dark blue), that will dis-confirm our trade. That's it for today. I hope you found value in this idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1
Long
by Doji-2k1
GBPCAD: Important Decision Ahead! Your Plan: 🇬🇧🇨🇦 GBPCAD is trading in long-term bearish trend. The market is steadily going down within a falling parallel channel. The pair is approaching its resistance at the moment. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price breaks a resistance of the channel (we need a daily candle close above that to confirm a breakout), then a bullish continuation will be expected to 1.6118 structure. If the price breaks a 1.5855 - 1.59 local daily support and closes below that then a bearish continuation will be expected at least to 1.572 level. Wait for a breakout and only then buy/sell the pair. What are your expectations? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
NZD/USD Potential opportunity to shorten the marketHello traders. This is a NZD/USD hourly chart. I don’t want to focus on the fundamental factors here, but you should keep in mind that the fundamentals change trends in the Forex market. In any case, we follow technical bias, so here we have a butterfly pattern that suggests a possible short-term opportunity to sell. As you can see, the butterfly extension of 1.618 stands at about 0.6560, and I suggest we can try to establish a short position here. The pair may not reach exactly this level (we know, perfection is rare in the Forex market), but look for double tops, wash and rinse patterns or any other bearish patterns around this level, and then shorten the market if you think is right. Also, don't marry for a position and use an achievable target, because if you look at the bigger picture, you can see that we can get an inverted head and shoulders pattern, which suggests a bullish mood for a while.
Short
by merjemascerija
4
NZD/USD weeklyHello traders. Here we have the NZD/USD weekly chart. The bears are obviously in control of the market and if you look at the weekly candle you can clearly see that the candle closed below previous support and look at the closing force - the candle body closed exactly 50% below previous low closing prices (low since January 24). But the market is oversold on the daily chart and is a bit overextended, but when it comes to trends, it should be borne in mind that markets can easily ignore all oversold/overbought areas and continue to move without any hesitation. So, any bearish position for now looks dangerous; one should at least wait for some decent pullback; or if we don’t get a pullback before the market touches the first extension target (which is around 0.6400 (1.272)), we could look for some short-term bullish patterns around this area (0.6400). If we get a pullback before the market touches this extension targer, we could still try to catch some highs and sell NZD. I’d rather be a seller and sell tops, but we need to be flexible and if we see bullish signs in predefined areas why miss it?
Short
by merjemascerija
EUR/USD Bears in controlsHello guys. Today will be a brief overview of EUR/USD. Here we have bearish trends at all higher time frames, and the bullish context that emerged last week disappeared on Friday. We had a possible inverted head and shoulders (look at the 4 hr tf), but the right shoulder failed and thus the possible bull sentiment was erased. When we see a scenario like this, it is a strong sign that the bears are retaining strength. So, my suggestion is to wait for anyretracement and look for a short entry. If we don’t get any retracement, try to use a smaller retracement and go short.
Short
by merjemascerija
AUD/USD weeklyHello everyone. I hope you are all doing well. Today I want to share with you my view of the AUD/USD weekly chart. The first suggestion for you is to go to the monthly chart where you can see the reverse head and shoulders formation (which is a very strong sign of bulls in the long run; but as you know the monthly chart suggests a long period of time, and playing reverse head and shoulder formation on the monthly chart can take months, so it is necessary to look at the situation from a short-term perspective). When we look at the weekly chart - we have a few bearish moments. First, you can see that the pair tried to climb higher, even above the swing high from October 25, 2021. However, we see that the attempt failed and the pair returned below 0.7560 and formed a bearish grabber that suggests downside continuation. So, my suggestion is that, in accordance with your strategy, short this pair whenever the chance arises.
Short
by merjemascerija
4
AUDUSD Trend Analysis And signalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Long
by Sina-TFX
CADJPY Wave And Trend Analysis and SignalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer In the financial markets, in the technical analysis of Elliott wave theory and its different styles, it is like the letters of the alphabet to read the price movement on the chart and it helps us a lot to diagnose and predict the future price. Fibonacci One of the good friends is a bargain and shows us good and useful support and resistance, especially if the combination of all types of Fibonacci expansion and retracement and the formation of a Fibonacci and PRZ range show us useful and interesting return ranges. Where there is potential for price diversion Trend lines can be a great help to a trader who finds areas with potential for return or indeed resistance and support on the chart. By drawing the rand lines correctly, you will see that the price responds to these areas with surprise. In general priceaction what dynamic trend lines are statically useful
Short
by Sina-TFX
NZDCHF: Potential Trend-Following Trade Explained 🇳🇿🇨🇭 NZDCHF is trading in a bullish trend since the beginning of the year. After the price set a new high around 0.6515 level, the market retraced to key structure support. On that, I spotted a double bottom formation on 4H. To buy the market with a confirmation, let the price break 0.642 - 0.6436 its horizontal neckline. You need 4H candle close above that to confirm the breakout. Goals will be 0.64 / 0.65 If the price breaks the underlined yellow structure to the downside the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
9