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5-0-pattern

CADJPY SHORTlong term down trend on 4H timeframe. Recent tight range broken to the downside, with a strong reversal up to previous support. Now expecting this to act as resistance indicators suggesting an overbought price series and oscillators crossing to the downside for confirmation. Entering positions at support/resistance gives the trader a unique opportunity to be directional with a tight stop loss and setting take profit to support 1, 2 and 3. This results in a favorable risk/reward ratio. Follow for more
Short
by BDPO_Trading
How To Trade The W - V Pattern - ISRG SetupHello Traders, Here is an educational post about the W-V pattern. As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter. The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way up. Note: There is a high probability that price could trade down to $236 first to fill the gap and tag the 200 MA before reversing and trading to the upside. This is perfectly fine as far as long as the $236 level remains intact and price does not trade below it. Thanks everyone and best of luck!
NASDAQ:ISRGLong
by natef1
Acending bottom formation scenario ''IF'' the BTC bottom is inHi @everyone, Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low. In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already bottemed out. And will see an Acending bottom formation showing up like in this example. This is aswell an possible trade plan based on a potential scenario where we still have 0 conformation on that it will play out, But.... ''IF'' this scenario could play out, we are well prepared for it. A scenario is a guide with rules for conformations, and invalidations. No mather wich scenario will play out ( becease there to are many of them ) aslong you are prepared on the most of them you are able to make better and saver decisions in your trading. Just Always have a plan and trade based on a position out of strenght, but also having a plan B,C,D etc.. just think like an piece of code --> if this...--> then that--> if this not--> then this.. Enjoy this possible scenario thread, Quantistic
by Quantistic
HNTUSD - Long -Adam & Eve pattern By looking at the 1h-chart of HNT-USD we can see an Adam & Eve pattern. Adam & Eve double bottom pattern is considered one of the strongest trend reversal bullish patterns. This is a short-term opportunity to get a nice profit. The price is about to rise 5%, the price is testing the resistance. The resistance has currently changed into support, the trade can be entered right away. After this has happened the target can be targeted. See all further details on the chart. Good luck!
HLong
by vf_investment
9
STLA - Ascending triangle - Long termOn the weekly timeframe of the STLA chart, we can see an ascending triangle forming. An ascending triangle is a bullish formation. It's interesting to watch this asset during 2023 for the price to break out of the triangle to the upside. The breakout-line is shown on the chart. When this happens the pattern gets confirmed and trade can be entered by taking a long position. This is a long-term trade. See all further details on the chart. Good luck!
NYSE:STLALong
by vf_investment
5
GOLD - Potential Short-Term Reversal!🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GOLD is overall bullish trading inside the rising red wedge pattern, and it is currently retesting the upper red trendline. Moreover, the zone 1830 - 1845 is a strong resistance zone. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As GOLD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
17
$XAU - Gold - Where to next?!$XAU - Gold - Where to next?! We've got whole load of US Data and ECB as well, this could play either direction Currently we are within this pattern in play, you could even think of it as H&S brewing. This morning its a DXY move, we've had majors decline and precious metals. This could decline further if the bears gain further control. However, if we go above the highs then bulls are back in control. Trade Your Plan! Trade Journal Not Investment Advice
FX:XAUUSD
by Trade_Journal
$nzdusd - I am bearish but why?$nzdusd - I am bearish but why? I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading. 0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805 Data wise we got BOE & ECB left - lets see what they have in store for us. Don't forget to trade your own plan. Have a great day ahead, Trade Journal
by Trade_Journal
SPX500 Shooting down rapidly SP500 has finally broken down the head and shoulders pattern I discussed in the previous idea , and now it's facing some resistance from a trend line descending since last Aug. Here I see two scenarios: scenario-1: opening in a gap without under the trend line, but it has to face the demand zone @3771. Then it might shoot up to retest the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655 scenario-2: the price will react to the trend line and go up to meet the neckline of the broken head and shoulders pattern and grab some liquidity to dive again all the way to 3655. ------------------- Let us know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
4