Technical_analysis
#GBPCAD possible head and shoulder formationAs you can see in the chart, we might be observing a potential Head and Shoulders pattern forming on the 1H timeframe in GBPCAD.
Given the bearish market structure on the 4H timeframe, this 1H bullish move could be viewed as a corrective rally within the larger downtrend.
Additionally, there is a bearish divergence between the left shoulder and the head, further strengthening the bearish confluence.
To enter a sell position, I recommend waiting for the price to drop below the 1H EMA (blue line) and then look for a bearish setup to confirm the trade.
#GBPUSD selling opportunitywe are clearly seeing a bearish move in 1H timeframe market structure and therefore I am only interested to sell this pair for the moment.
Price is below 1H timeframe EMA, and also printing consecutive lower lows and lower highs.
Price target could be around bearish channel lower line.
ZEUS: Ready for a Breakout? Hey there, let's review the KUCOIN:ZEUSUSDT chart on the 10-hour time frame. As you can see, the price is currently trading within a descending trend line. In the short term, if we witness a break above the descending trend line and the 0.20 cent price level, the scenario I have in mind is that the price may rise towards the liquidity zone at 0.22 cents. After a pullback, the price could potentially move towards the second target of 0.2455 and the supply zone at 0.27. However, please note that this potential trend depends on breaking through the specified levels. Important support zones to watch are 0.16 and 0.15.
Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions.
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
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NZDCAD 4 Hours Technical Analysis ProjectionWe have just spotted a good selling opportunities on NZDCAD 4 Hours Chart as price printed a double top formation at a structural level. This is one of the setups we don't want to miss out on.
1 Hour chart also shows a bearish corrective formation which may give room for sellers to jump onboard.
Tesla Analysis!NASDAQ:TSLA Analysis on a Weekly Timeframe!
Multiyear trendline breakout in Tesla!
Inverted Head and Shoulders Pattern formation at Support!
Neckline breakout in Tesla!
Of course we have missed the entry in a Tesla but take is as a learning. Where I have combined Multiyear Resistance trendline with Inverted Head and Shoulders Pattern. So what we need to do is ,Identify the chart pattern on a longer timeframe and after that on the event of breakout need to come down to lower timeframe. As I marked all the levels on a weekly timeframe but we can enter in the stock on a Daily Timeframe.
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital