More downside potential on MLSUSDTA short walkthrough it's recent price journey shows it had a huge pump to the upside then followed by two double top formation and now price has broken the base of the double top, the bull camp from previous pump is now trapped, any liquidation will only exacerbate and head lower for this pair, a minor bounce to the support-turned-resistance will likely be met with heavy freshing selling or trapped bulls stepping over each other to get out.
Hence, this walkthrough suggests there is more downside to come and expect previous low 0.128 to get tested.
Candlestickpattern
Volatility on EURUSDYesterday EURUSD rose almost to 1,0500, followed by over 150 pips drop. In this way a reversal candle is formed on a daily chart.
Therefore, today is important to see whether this drop will have the strength to continue or we will see a new peak.
We’re not looking for trades in EURUSD at this stage, again there are better opportunities in the crosses.
A breakout of the previous low will confirm sell opportunities.
GBPAUD - Bullish Deep GartleyA Bullish Deep Gartley form on the intra-day timeframe chart that gives traders a trend trading opportunity for the higher timeframe on both the 1hourly chart and 4-hourly chart.
BTC/USDT Future 1hr ShortBTC/USDT Future 1hr Short
Entry Price & Target All in Chart
Guy's Don't Forget to put SL in your Trade in this Market movement
I hope friends you understand my analysis.
Me & my Team trying to best analysis for you Friends.
~~Please Support Friends~~
(Not Financial Advice)
~~Best Of Luck~~
!! Thank You !!
Possible rise on EURUSD At the beginning of the new week, we look at the possibilities for the EURUSD to rise.
In a case of drop to 1,0300 we will look for pullback and buy opportunities.
The idea breaks down on a drop below 1.0220.
Entry after pushback!
We are not considering sales at this stage!
NZDUSD - Bearish Shark comboNZDUSD has a Bearish Shark Pattern on the intra-day and daily chart timeframe. My engagement will be on the intra-day timeframe; that's when the Shark Pattern completes at 0.6270. A minimum of 3-bar reversal must be seen on the intra-day timeframe before engaging in the trade.
I would stretch my targets to which of the daily chart patterns, giving me a lower risk with higher returns. You can't do this to all trading setups, and you have to understand the trend well before you could even consider doing that.
GBPUSD-Weekly Market Analysis-Nov22,Wk5The overall trend on GBPUSD is heading towards the upside, a bullish trend if that makes more sense to you.
I'm waiting for a buying opportunity. on a Bullish Deep Gartley Patterns that complete at X, I'm aware that most harmonic patterns traders don't trade Gartley Pattern the way I did, but I have other filters in place, and I've been trading harmonic patterns for the past 11 years.
USDJPY - Fib ExtensionOne of the ways to engage in a buying opportunity on USDJPY is by using the Fibonacci Extension, in this case, the setup is completing at 138.02 within the buy zone and not violating the double bottom pull-back.
A 3-bar reversal at the level is the minimum I'm waiting for.
AUDCAD - Trade after double topTraders, after a double bottom or a double top happens, what's your trade plan? Personally, I'm waiting for a pullback to 0.8926 for a buying opportunity.
No trades on EURUSD As we mentioned yesterday , sell opportunities are currently disrupted. Buy opportunities from current levels do not have good ratio.
That’s why we are targeting the crosses, especially those with JPY.
However, the rise is more likely to continue. In this case the first resistance level is 1,0473.
We’re going to look at new trades after correction or pullback.
GOING SHORT IN NZDUSDAccording to my technical analysis, It is forming an ascending parallel channel by creating a bullish Rally. According to the DOW Theory, it is forming Higher Highs and Higher Lows.
When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low.
If we see the previous Higher High then it also creates a Shooting Star on Higher High for a retracement. It again creates a shooting star pattern on Higher High so hopefully, it will retrace back to create the new Higher Low.
Let's see what happens next
Rise on EURUSD The uptrend in EURUSD is gaining strength and has already broken previous highs.
We are likely to see a break of 1.0480 and a move towards 1.0540.
Sales opportunities are broken.
Buying opportunities from current levels do not have a good ratio.
Today we are looking at other trading instruments and waiting for suitable opportunities on EURUSD.
We remind you that today is Thanksgiving Day in the USA!
EURJPY - Bearish GartleyA Bearish Gartley Pattern setup would still require can candlestick pattern confirmation for me.
Two ways to go about it, a 3-bar reversal on the current timeframe or a Double Top with RSI Divergence on the 1-hourly chart.
The important levels on EURUSD EURUSD rose to the pointed level of 1,032.
It is possible that the slow development and sideways movement will continue, with reduced volumes by the end of the week due to the US holidays.
This could lead to a test of 1.0220 and another rise, after which we look at the right moments to sell.
We are not considering buying because we are in a resistance zone from the daily chart and we are watching for a possible reversal.
XAUSUD - Bearish PatternGold has broken out and retested support which shows most likely gold is ready to drop a bit more around 1730.
USDCAD - it's pretty bullishThe USDCAD seems to be a pretty bullish setup, we might not get pullback back into the buy zone, and the best we could have could be retesting on the tip of the buy zone.
Let's look and observe how the current candle closes.
Downtrend on EURUSDThe resistance zone we’ve marked is having an impact and EURUSD is reversing the H1 trend.
On Friday we commended sales opportunities.
Now the options are on a break and test of 1,0278 or on another pullback.
The first target is 1,0142, and 0,9950 in case of breakout.
This movement is part of the downtrend on the daily chart.
NZDJPY - Potential Bullish BatBefore we talk about the Bat Pattern, I like to make known to you that the Bearish Shark Pattern on the 4-hourly chart within the related ideas is ready for trading.
What is excellent about this trading setup is that the Bullish Bat Pattern on the lower timeframe, the 1-hourly chart completes at 85.34, which happens to be the first target of the Shark Pattern and the Bullish 5-0 Pattern on the 4-hourly timeframe.
GBPJPY - AB=CDAn AB=CD pattern setup could be used in this manner too. I'm waiting for a shorting opportunity at 167.03.
Aggressive traders could consider an instant shorting opportunity the moment when the market opens, whereas conservative traders could wait for a double top with rsi divergence to engage the trade.
GBPUSD-Weekly Market Analysis-Nov22,Wk4It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel.
That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy.
If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pattern. The harmonic pattern has the potential to form within the next consolidation zone, which is great for extension patterns like the Butterfly Patterns.
EURUSD-Weekly Market Analysis-Nov22,Wk4EURUSD sits within the resistance zone of the weekly chart, the long week had created an additional resistance level on the daily chart; even a break and close above 1.0485 happens, we have the Bearish Crab Pattern where we can catch the bearish move at 1.0597.
EURUSD salesWe have been commenting on a possible reversal for several days.
To be confirmed we need to see a breakout of the previous bottom- 1.0278
This will provide additional opportunities with a target of 1.0142
Aggressive and unconfirmed trades may also be made prior to the breakout at a new pullback.
Because of the aggressiveness they need to be low risk.
Is EURUSD about to reverse?Yesterday EURUSD rose to 1,0440, yet failed to make a higher top.
It is still possible to see a rise but we’ll be watching for movement exhaustion.
We remind you again that EURUSD is in a resistance zone on a daily chart and a reversal of the uptrend on H1 is possible.
A breakout of the bottom (1,0278) is needed to confirm the reversal.
