the AUDUSD is in bearish Head and Shoulders Pattern
the Neckline is broken 🔥
so, i predict a bearish move 📉
TARGET: 0.66913🎯
...
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
As Shown XAUUSD has broken out of its ascending channel and impulsed downward giving indication gold may be in a bearish trend now and the trend has reversed.
It seems we are in the first wave of the Elliot wave theory which is the impulse wave that is shown on the chart. We may see a further continuation or we will see a retrace to the key FIB levels of 61.8...
BTSUSDT is testing dynamic support after a clear breakout of daily resistance. This indicates that the market has experienced a significant shift in momentum, with bulls taking control.
The dynamic support level refers to a moving average that adjusts to the most recent price action. In this case, the price is testing this support level, which suggests that...
Yesterday we saw another bottom during the news.
Today there is news again. The news is about US quarterly GDP. They will have an impact in case of values other than expected.
Technically, the downside move continues and is heading towards first level at 1,0585.
Upon breakout the target will be 1,0512 , all the while watching for run-out.
All sell trades...
DOGE looks primed for a swing one way or the other within the fortnight.
A break out from previous resistance would put an initial 28% target on the table however a rejection would create a far more comfortable entry price.
DOGE has been very profitable for us in the past but the pricing now means much more consideration needs to go into entries.
A few choice...
Hello,Traders!
USD-CAD is trading in an
Uptrend and we are seeing
A bullish breakout so
I think it will go further up
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Equity rally due to systematic buying and HF short covering. Short interest has halved from
the Q4 highs for EU equities, but is still elevated in the US. Macro HFs and CTAs have turned
outright long equities, and their exposure is close to 12m highs, yet still below average. Long
short funds have also reduced short positions, but their net exposure remains low...
✅AUD_CHF is growing locally and will
Soon retest a horizontal resistance level
And because the pair is in the downtrend overall
This presents a classical
Trend following selling opportunity
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
✅USD_CAD broke a resistance
Cluster so I am bullish now
So after the pullback and
Retest I will be expecting
A bullish continuation
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Hello,Traders!
USD-JPY seems to have
Broken a key level so
I am bullish biased
And I think the price
Will move higher
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
I've published an analysis about the head and shoulder last week, which was looking really good on paper. It broke the neck line but then, it came back right in, looking more like a fake out than an actual break. I've collected something from the the neckline break but, I had to close before TP because of the strong reversal that happened last friday.
But...
What is a Symmetrical Triangle:-
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
The price forms symmetric triangle pattern on daily and weekly chart. The price perfectly following the ascending...
Today will be announced FOMC minutes. This news may lead to bigger fluctuations.
Yesterday EURUSD failed to reach the sell zone and pulled back from lower values.
We expect bearish move to continue towards 1,0585, and in case of breakout to reach 1,0515.
Enormous fluctuations are possible during the news , that’s why lower your risk.
It may have taken a few weeks, but markets are finally pricing in what we argued all along; a higher terminal rate and no cuts this year.
If you cast your mind back to the Fed’s recent 25bp hike, it is fair to say the Fed were not impressed with the market’s original response. Fed fund futures not only lowered the terminal rate to 5% but even began pricing in...
EJ bias in higher timeframes is still bullish and here we get a nice consolidation leading to a breakout candle at the start of our shift. Price is aggressively drawing down but unfortunately the trade is already set. The process is being followed correctly and this position meets playbook criteria so the trade must play out. Going for 2R on this one
TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: DAILY
ENTRY PRICE: 134.750
STOP LOSS: 136.350
TAKE PROFIT: 126.800
RISK TO REWARD: 1:5
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high
Follow this thread for any future updates...
Hello,Traders!
AUD-NZD broke the key
Horizontal level and
The breakout is confirmed
So I am bullish biased
And I think that
It will go up
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
I believe these ascending triangles are pointing to a breakout here, converging right at $25k, and it could be the one to finally overcome this beast of a resistance. Been a tough battle here. The triangles are a little malformed, but clearly they're getting smaller, and culminating to a point. We are almost there... rejection wouldn't surprise me, but I'm leaning...
