Candlestickpattern
Safe Haven CurrencyIf you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. I'm waiting for the market to retest at 130.05 for the RSI Divergence on this counter-trend trading setup.
Many traders would see the USDJPY as going on a Bearish movement, but it is merely a retracement.
Furthermore, the Bull run on the USDJPY has not ended, so I'm looking for the opportunity to keep buying the USDJPY trade.
Earning both waysTo be successful in trading, you can be a Casanova.
This means you need not be loyal to your trade. You can buy GBPUSD during breakfast and sell it by lunch.
That will be my trade plan for this week.
GBPUSD on the 1-hourly chart(left). I'm waiting to buy on the blue line(1.2202) and short on the right line(1.2277).
On the blue line, I'm waiting for the retest that will almost guarantee an RSI Divergence, and on the red line, it coincides with the 4-hourly chart(right) of a potential Head and Shoulders formation.
Sales on EURUSDYesterday, EURUSD was repulsed and failed to continue the rise.
These were the first opportunities for aggressive sales.
Today, we're looking for additional confirmation towards this direction.
Another pullback and closing bellow 1.0792 will confirm the starting of the downside movement.
1,0930 is an important level that shouldn't be crossed.
Btcusd : Bitcoin sharp price actionBINANCE:BTCUSDT
Hi trader's , Bitcoin after yesterday fed news of interest rate
Price went down with immense pressure and hit 50 ema of 4hr
50 ema support's the buyer's and price went up sharply again
price trading around daily resistance , if candle of daily closes below 28350 than u can see a downtrend for next few day's
vice versa if candle closes above than u can see upward movement to 30k mark , where major resistance can push market down again
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SPX: Dangerous Top Sign Under a Major Resistance Level.• The SPX did a top sign yesterday, just after it hit its resistance at the purple trend line, which is connecting the previous tops;
• What’s more, the index lost the 21 ema. It seems Futures are stabilizing, but the situation is still problematic;
• In theory, if we don’t see a very strong bullish reaction, as soon as possible, the index would just keep correcting to the next support level, the 3,808;
• There was a gap (yellow square), which was filled yesterday, making this a possible Exhaustion Gap after the quick rally that started on Mar 13;
• So far, we don’t see any meaningful bullish reaction indicating that it will reverse, or at least reject the bearish sentiment;
• In order to avoid a bearish continuation, the index would have to react and reject yesterday’s candlestick, breaking the purple trend line in process. It all depends on how it’ll react today. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analysis!
EURUSD after FED Yesterday FED expectedly rose interest rate.
EURUSD rose above 1,0900 providing no entry opportunities according to our main scenario.
We'll wait for the development today and we won't look for buys.
We will monitor for run-out and upon a good reasons we will look for sales.
If there are no grounds, no deal is entered into.
During this time we look at JPY crosses where there are better options.
EURUSD before FED Interest rates and expectations from the FED will be announced today.
This will definitely cause major fluctuations.
It is recommended to secure all open positions and wait for confirmation of new entries.
One scenario where we will look for an entry is a retracement of 1.0840.
To confirm the pushback, it is necessary to close the one-hour candle!
If there are no clear grounds, we will wait for things to calm down and then look for trades.
A Divergence Signal!The candlestick indicate a divergence signal where the price closed above the MA line without significant result in volume.
RSI is gaining positive momentum due to fresh buying interest from the trader on the stock. But not contribute much on the volume.
MACD indicates a divergence signal and coherence with the candlestick price where the price closed above the MA line.
Is this will be a turning point for the stock towards next higher price peak? Using the resistance line is a good way to indicate if the price is gaining momentum towards next price peak.
Let's save KAB in WL and watch out for significant price movement with volume support the price uptrend momentum.
R 0.360
S 0.290
No trades on EURUSD As we already mentioned, tomorrow is the most important news at the moment and before that, often there are no clear movements.
Therefore, we prefer to wait, before looking for new entries.
Upon passing above previous top, an important resistance is 1,0840.
In case of larger fluctuations there is chance to be reached during the news and to see pullback from that level.
USDJPYHi
USDJPY has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
A 711pips of profits that could be yoursA 711pips of profits could be yours if you join our Weekly Wednesday LIVE Streaming Session on TradingView. Should you ask me my view on EURJPY and choose to engage the Bullish Deep Gartley Pattern at 138.17?
What happens next could be of better use to you, a Potential Bearish Flag Pattern trading setup.
There are 2 ways I would engage it.
The first way is to wait for a break and close below the current trendline, and I'll wait for a retest before engaging the trade.
Another way would require the market to rebound and pause on the higher trendline. That is when I will wait for a candlestick pattern confirmation before engaging the trade.
MSFT - Falling Trend [MIDTERM]- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken up through resistance at 257.
- This predicts a further rise.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- MSFT is overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price