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AB=CD

GBPUSD - Alternative Ways To Enter A Trade - BE CREATIVEThe other day I shared a video of a bearish CTS trading opportunity using Fibonacci, Structure & the AB=CD pattern. In that opportunity I was looking for a double top to use as an entry & as of now it doesn't look like that's going to happen. However, if you have the understanding & more importantly the skill of how to read a price chart, it can allow you to become creative and unlock alternative ways to enter a trading opportunity & that's what I wanted to walk you through today. If you have any questions of comments about the setup, please let me know in the comment section below. Also don't forget to HIT THAT LIKE BUTTON to show your support. Akil
Short
by Akil_Stokes
A Negative Month at these Levels Could Signal NVDA Down to $196We are at a point where NVDA is trading at a Macro Monthly Bearish ABCD PCZ and all the Oscillators are sitting in overbought zones. If NVDA sees a negative monthly candle at these levels, it is very likely that these Oscillators will begin to come down again and signal Potential Bearish Action ahead; if we get such a signal at these levels, then I would typically aim for it to go back down to the level of C of the ABCD as a Minimum Target; but given how high this is and how profitable even a 61.8% retrace would be, I will opt to target the 61.8% retrace instead down at $196.32 as it nicely fits into my typical 3:1 risk to reward requirement.
NASDAQ:NVDAShort
by RizeSenpai
8
SOLANA - Key area with 34 upside targetBINANCE:SOLUSDT is in an interesting area where it could go either way. Upside target on the bigger pattern that has been running all year is around 34 (Fibonacci number). There is a CIT window on Friday 21st April so if we get a retracement back to 22-23 area that will set up the move higher. There is also the possibility of a deeper correction back down to 15 but above 27 and this scenario is off the table. This week will be the key. Enjoy the week. Watching for set ups.
Long
by L_F
5
Overall Bullish, But I'm Countertrending This Trade💹 GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone. ⛔️ However, as a Counter-Trend Trader, I'm eyeing a potential shorting opportunity on GBPUSD based on the setup on the daily chart. 🔍 My trading approach will shift to bullish once it hits the key support level or the bullish trendline. 📊 Stay tuned for more trading insights and updates!
Long
by RaynLim
NZDJPY ABCD 1.27 EXTENSION SHORT in 4HSelling at 90.8 with the stop at 91.5 (70 pts). It is the price at which the 1.618 extension (RED) and 1.27 (BLUE) from the same spot meet. The red leg formed a Trading Range (TR), and later on the Blue leg attempted a Breakout (BO) from the previous TR which failed, forming a Double Bottom (DB) in the TR. The failed BO trapped all the bulls that expected higher prices, but as the DB was respected and the price surpassed the top made at the BO (point X), I am thinking that more buying is about to come, and if we see 90.70 we should be selling into it as the marked has proven that big moves to the upside retrace deep.
Short
by Sergio_196
🛢️ USOIL: Bearish Breakdown Ahead! 🐻📉Get ready for an exciting bearish setup on USOIL (Crude Oil) that could potentially yield attractive profits. In the 1-hour timeframe, a compelling AB-CD pattern has emerged, signaling a strong trend reversal opportunity. The pattern's completion at 72.00 provides an optimal entry point for those looking to capitalize on a potential downside move. Adding to the bearish case, we've reached a critical supply zone where the 0.786 Fibonacci retracement level resides. Historically, this level has acted as a significant resistance, reinforcing the potential for a downward move. The RSI indicator indicates that the market is highly overbought in this area, hinting at a potential increase in selling pressure. This alignment of technical factors enhances the bearish scenario. In terms of candlestick patterns, last Friday night witnessed the formation of an inside bar break down. This bearish candlestick pattern strengthens the case for a potential decline in price. Considering all these elements, a strategic selling opportunity presents itself at the market opening. However, it's important to monitor for any potential price gaps above the supply zone, which could alter the trade setup. To maximize potential profits and manage risk effectively, we have identified several take profit levels along the way: 70.00, 68.50, and 66.70. These levels provide attractive exit points for traders to lock in gains. With a well-rounded analysis of technical indicators, candlestick patterns, and supply zone considerations, this bearish setup on USOIL offers an enticing opportunity to take advantage of potential market downturns. Happy trading!📉✨ Feel free to share your toughts in the comments section. And don't forget to press the like button if you think this insight was helpful 🚀🌟
TVC:USOILShort
by Thomas_Zito
3
Longing Visa today. VAB=CD pattern at the of this constellation. We have cracked the top side of ABCD triangle on a climbing momentum. Hugging the top 2s.f. line of the Bollinger bands on a slightly trending Bollinger MA. Chaikin does show dropping vol, but I believe this to be part in parcel of general Wave B behaviour. Could be developing an inverted head and shoulder pattern in B wave position, yet that scenario is still bullish, unlikely to cross stop loss. Fibonacci with Kennedy channeling gives some targets to ponder. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:VLong
by Rykin_Capital
GOLD ✪ POSSIBLE REVERSAL ✪ DOUBLE BOTTOM ✪ HARMONIC ✪ ONE HOURGOLD-USD is moving in BEARISH direction for a long time. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BULLISH divergence, instead the price is steadily DECREASING, the Relative Strength Index (RSI) has been showing a UPWARD movement which indicates that the BEARISH momentum of GOLD-USD may be losing its pace. Thus, this divergence between the price and the RSI suggests that the price may be over sold and due for a correction. Secondly, there is a presence of DOUBLE BOTTOM reversal pattern which also supports the idea of the reversal for GOLD-USD. This DOUBLE BOTTOM Pattern was observed at one hour time frame analysis. Based on above, it appears that the GOLD-USD pair may take the BULLISH movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE level. The Risk to Reward Ratio is suggested 2% of the total portfolio. Best of Luck..
TVC:GOLDLong
by haroonsiddiki