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Trendtrading

Convergence of PatternsTraders, I've spotted a compelling shorting opportunity on AUDCAD, presenting itself differently across various timeframes. Specifically, the daily chart indicates a trend trading setup, showcasing the convergence of both the Bearish Shark and Bearish Crab Patterns in the same region. My strategy involves waiting for the market to reach the 0.9000 region before considering engagement. At this level, I anticipate price action traders joining in, amplifying the trade potential. What are your thoughts or trade plans for AUDCAD? Share your insights or potential strategies below!
Short
by RaynLim
1
Contradictory Patterns & Potential Buy SetupIt seems that the USDJPY is presenting challenges in trading decisions. Despite the presence of a valid bearish fib-3 bat pattern, your interest lies in seeking a buying opportunity, expected to materialize potentially by Tuesday based on further market development. You've also noted the invalidation of a Bullish Gartley Pattern on the 1-hourly chart, cautioning against trading this setup without proper understanding, suggesting seeking guidance if unclear. What trade plan or strategy are you considering for USDJPY? Feel free to share your insights or plans below!
Long
by RaynLim
AUDUSD - Trend Formation?Early last week, traders started taking profit on US dollar long positions in anticipation of an end to rate hikes. The Federal Reserve shared a sentiment that there likely won't be any further rate hikes, but they will remain elevated depending on how inflation figures come out. From a technicals perspective, I am beginning to see some major shifts happening. Over on the AUDUSD pair, there are two key points I'd like to point out. Price breaches above a consolidation, which I mark in a style similar to the Darvas box system. Simultaneously, the moving average crossover is a further confirmation that price momentum is accelerating to the upside. This pair closed off strong last Friday so I do anticipate seeing a smaller pullback on Sunday's open before a further rally to the upside.
Long
by FinancialGamblR
#USDCNY long term selling opportunityPrice in Daily timeframe seems like to complete 5 wave bullish move and also we can see bearish standard divergence between price and MACD which is a very good signal for pinpointing the top. But the important thing to remember before taking position is to see market structure shifting to the downside with forming a lower high or creating a new low which at the moment non of this signals has been given by the price. So its best to wait for the price to confirm the bearish signals its giving to us before jumping to trade. Please also look at the other analysis in the weekly timeframe that I have posted for higher time frame confirmations which is also tagged.
Short
by mohemati
1
#USDCNY long term selling opportunityAs you can see in the chart massive bearish divergence between price and MACD indicator in weekly time frame which can cause a long term selling opportunity. Also price is testing bullish trend line acting as resistance since its connecting the tops and every time price test this trendline sellers jumped into market and drive price lower. Also as you can see we already had bearish divergence in the price before and caused prices to come lower in previous tops
Short
by mohemati
💡 XAUUSD: Gold accumulates sideways, waiting for a breakthrough➡️ Gold saw an increase in value yesterday, but the daily chart (D1) formed a bar with a very narrow range and an upper shadow, indicating the presence of selling pressure at higher levels. The D1 bar, characterized by a limited price range, was part of the preceding inside bar pattern, representing a "double" price combination with the inside bar + narrow range bar price action combo. Despite these fluctuations, gold on the D1 chart is currently facing resistance and has not been able to breach the 2,000 mark. The chart structure suggests a sideways accumulation pattern for D1 gold. ➡️ On the hourly chart (H1), gold is also consolidating sideways and encountering resistance at higher levels. It is advisable to consider buying gold below the current levels, as attempting to buy above may face obstacles, especially around the 2,000 mark. If the price breaks below the current levels, one might consider waiting to initiate a selling position.
OANDA:XAUUSDLong
by Stone_Haven
1
Very critical area for Silver Silver is currently at a critical juncture, and a breakout above this resistance could lead to a rapid shift in the overall market sentiment. It's essential to note that we are analyzing a daily chart featuring a bearish channel. In the event of a bullish breakout, the price target would be the width of this daily channel. Given the high correlation between silver and gold, we may anticipate a similar behavior in gold. Considering that both gold and silver are often considered risky assets, particularly gold, if they are poised for such a movement, it suggests there might be a significant news release providing the necessary momentum for a breakout above this crucial resistance. However, it's crucial to remain cautious, as any breakout without substantial news support could be deemed a false breakout, potentially leading to a reversal.
TVC:SILVER
by mohemati
1
💡 EURUSD: Unpredictable➡️ EURUSD recently approached the support zone near 1.0890 and experienced a rebound. However, there are currently no clear buy signals. ➡️ On the shorter timeframes, the upward trend hasn't materialized yet, making it challenging for us to initiate buy positions. Therefore, it's prudent to adopt a cautious approach and observe further price action. The likelihood of the market continuing its downward trajectory remains significant. For those engaged in short-term trading, selling could be considered around the resistance area near 1.0925. It's essential to pay close attention to price movements. If the price convincingly surpasses the mentioned zone with strong momentum and fails to generate any sell signals, it would be wise to stay on the sidelines.
Short
by Stone_Haven
2
💡 XAUUSD: Strong increase around 2000 level➡️Gold prices surged to a three-week high of approximately 2,000 USD per ounce due to a boost from short-selling activities among gold futures traders and discouraging reports on home sales in the US. This upward trend persisted even after the US Federal Reserve (Fed) hinted at maintaining higher interest rates in the immediate future. ➡️In the minutes from the November monetary policy meeting, the Fed underscored that, despite interest rates hovering near their peak, there was no indication of an imminent reduction. Nevertheless, the Fed acknowledged escalating risks to the economy. ➡️Furthermore, the US Central Bank is closely monitoring bond yields, as heightened volatility has left its mark on financial markets. Some analysts posit that the Fed's involvement in the bond market to stabilize yields could serve as a catalyst for a substantial increase in gold prices.
OANDA:XAUUSDLong
by Stone_Haven
Crude Oil Correction - Bearish Scenario (4H)Brent Crude Oil Forecast 🛢️ TVC:UKOIL Recent sessions saw a surge in Brent crude futures, hitting the top of a descending channel and undergoing huge correction currently. This paves the way for potential fall from 82.00 to 80 then 79. The bearish trend remains strong as price got rejected from the 100-day moving average (4H timeframe). A break above 83 could signal bullish move. Note: Keep an eye on unexpected movements due to Fed's meeting minutes and ongoing conflict between Palestine and Israel. Support lines: 80.00 Resistance lines: 83.00 Comment down below your thoughts about my analysis, Thank you!
TVC:UKOILShort
by InvestScale
2
#USDCAD buying opportunity As seen in the chart, we have a symmetrical triangle chart pattern formation on the 4-hour timeframe, suggesting that the price may move higher to test a bearish trendline associated with the chart pattern. Simultaneously, in the lower timeframe, the price is forming a bearish corrective move after a prior bullish impulse on this pair. The price has been unsuccessful in breaking below the support. If the price manages to break the bearish trendline in the lower timeframe, we could anticipate a follow-through, with the price moving at least towards the trendline. From that point, we can evaluate the potential for the next price move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
1
#DXY more downside outlook Hello, dear traders. I hope you're all having a great week. Last week, we were looking to buy the DXY in two areas, which turned out to be very successful, and you can review those details in the attached chart. However, on Friday, the price managed to break below our important daily low, shifting the market structure to the downside. Now, in the 4-hour timeframe, we are exploring potential areas for selling. As the price has been moving higher in the last two days in a corrective manner, it's approaching the first resistance area, which previously acted as support. This area also coincides with the 38% Fibonacci level. Nevertheless, we are more inclined to see the price rise further to test our second resistance area, as it offers a better Risk-to-Reward ratio and aligns perfectly with more bearish confluences. It's important to note that while the 4-hour timeframe has shifted to a bearish market structure, with expectations of further downward movement, the daily timeframe still displays a bullish trend, and this 4-hour move is essentially a corrective move within the daily timeframe. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
TVC:DXYShort
by mohemati
10
💡 EURUSD: May continue to decrease due to economic factors➡️The Eurozone's industrial sector faces challenges due to sluggish demand in key global markets. Recent data indicates a decline in eurozone industrial output, exceeding market expectations. The trade surplus, adjusted for seasonal factors, has narrowed from August levels due to a drop in export output. These developments suggest that the Eurozone's economic outlook remains uncertain, with limited prospects for significant improvement until global trade regains momentum. ➡️Technical analysis of the EUR/USD pair reveals a potential correction scenario. The MACD histogram bar and double line are expanding near the zero axis, while the price is nearing the 48-hour moving average. Given the weak economic data from the Eurozone, further downside for the Euro cannot be discounted.
Short
by Stone_Haven
5
Bullish movementEnglish First of all, we have a bearish structure on monthly timeframe, on weekly and daily is the same, but looking at it on 1h and 4h looks bullish with HH and HL, I believe the price is going up because of its structure and I´ll be waiting for it to get in the 200% extension and then have a retrocement in the 1.27 level, the market usually does those kind of movements. Let´s see how the market continues. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Primero que todo, tenemos una estructura bajista en mensual, semanal y diario, pero viendo el precio en 1hr y en 4h tiene una estructura alcista con altos más altos y bajos más altos, creo que el precio irá arriba debido a su estructura y estaré esperando a que llegue al nivel 200% de la extensión del Fibo y luego agarrar su retroceso hasta el nivel 1.27, el mercado suele hacer ese tipo de movimientos. Veremos cómo continúa el mercado. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Short
by DarkTradingCapital
1
Bearish movementEnglish Right now, we are having very bad news for the crypto market, special with the Binance issue with the US regulators and Binance`s CEO had to abandon his position, it looks like agood moment to get the open liquidity which was open after those big bullish movements. There`s a debt in the 78% fibo extension which I believe is going to be taken after some days or weeks around the price 32$ per Solana and after that, we are going to have an amazing bullish movement. However, we need to be careful because in any moment we could hear any news about the Bitcoin ETF which is going to make the market very very bullish, so... Be careful with the next movements in the price and the news. *THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español En este momento, estamos con pèsimas noticias en el mercado cripto, en especial con ese tema de Binance contra los reguladores de EU,los cuales provocaron que el CEO de Binance renunciara el día de hoy, y parece un buen momento para tomr la liquidez abierta que quedo cuando comenzó ese pequeño bull run. Hay una deuda en el 78% de la extensión del Fibo cercano al precio de los 32$ por Solana, el cual considero debería ir a tomar en los próximos días o semanas, después de eso, espero movimientos súper fuertes al alza. Sin embargo, necesitamos ser cautelosos porque en cualquier momento podríamos recibir noticias sobre el ETF de Bitcoin y eso podría generar subidas astronómicas en el mercado. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Short
by DarkTradingCapital
💡 XAUUSD: Gold suddenly reversed and increased sharply➡️ After yesterday's sharp decline followed by a rebound, H1 gold is once again showing an upward trend, as it closed above its most recent high. However, the most recent H1 gold bar closed above the upper Bollinger Band, suggesting that the price may have entered an overbought territory, increasing the likelihood of a pullback rather than a continued advance. Given that D1 gold is approaching the 2,000 level, it would be prudent to wait for a retest before entering a long position in H1 gold. ✔️ - Today's H1 trend: Increase ✔️ - Buy Limit Strategy - TP: 2000
OANDA:XAUUSDLong
by Stone_Haven