Shark Attack on NZDJPYA Bearish Shark Pattern completing at 86.76, I'm waiting for a 3-bar pattern confirmation to engage the trade within this sideway increase volatility.
Candlestickpattern
GBPJPY - A rare setup GBPJPY, I'd spotted this potential trends continuation setup, a double top with RSI Divergence on the dotted line is what I'm waiting for.
Aggressive trader could wait for a 3-bar reversal on the dotted line.
GBPUSD - It's amazing how the market respected the channel It is amazing that till today the market still respect the parallel channel that I've drawn eons ago. I'm waiting for candlestick pattern confirmation to engage the trade.
EURUSD - A chance to short it! Im waiting for shorting opportunity at 1.0456 with the help of the potential Bearish Bat Pattern. If you are new to trading, 3-bar reversal is the formation as your candlestick pattern confirmation.
Possible reversal on EURUSDYesterday EURUSD reached 1,0440 followed by 200 pips drop to 1,0284.
There will be further volatility caused by the news today. ( US October Retail Sales)
This could be a good time to reverse the movement in EURUSD.
New upward movement to 1,0500 is possible, but no buys are recommended from these levels.
There will be sales opportunities in case of new pullback.
Bull/bear idea I will open a sell on bitcoin below 16,517 and risk 1% of my account value to make 3% And close out .
I will open buys on bitcoin if we break above 17,121 and risk 1% of my account value to make 3%.
I will watch this trade idea for the next 23hrs .
EURUSD heading towards 1,0400Yesterday EURUSD held above 1,0300 levels and it’s time for another rise.
The next level is 1,0400 followed by 1,0440.
These are the levels to watch for uptrend to run out and grounds for reversal.
Trading EURUSD is currently a matter of risk. Buys are aggressive trades without good ratio.
It’s too early for sells.
If you prefer less risky trades, it’s better to wait or find another asset.
Gold Looks Bullish :)Hello friends.
today i'd like to analyze gold in daily and 4H charts.
lets take a look
in daily timeframe we saw a breakout from an old decending channel.
this is the first positive point for bull run according to TA.
The price record 3 BGD candles in recent week and this is the second + point.
now price reach a resistance level in 1770 and 38.2% fibonacci level.
but lets take a look at 4H timeframe for more details:
we see a strong support level that show Buyers are Stronger than Sellers.
and in 1770 level we see some strong candle patterns such as Bullish engulf and Hammer.
so i think the price can reach 200MA and 1800 resistance level easily like the green path i darw.
and after that we will check condition and analyze the next run.
thank you for your attention,please share me your opinion in cooments
do you think so???
NZDUSD - Bearish SharkA Bearish Shark Pattern is completed within the sell zone of the NZDUSD. It is a good trend trading setup that I'm going to jump in.
Granted, engaging on a daily timeframe could be intimidating for most traders, but I have an approach to engaging it.
The idea is to have lower risk with higher returns on each trade.
Important levels for EURUSDOn Friday, EURUSD momentum raising continued and reached 1.0364.
It looks like it is strong enough to continue and head above 1.0400.
We remind you again that we're in a resistance area and a reversal is possible.
Buy trades don't have good ratio on these levels.
Confirmation is needed for sells.
Kicker follows through on Nasdaq 100Notice this week's candlestick has fat body meaning the bulls were in overall control following a kicker signal, this is what you'd expect to see after such signal for potential change of direction.
It's important to point out a similar kicker signal a few weeks ago has no follow through, instead the very next candle is a inside doji followed by an bearish engulfing candle.
Verdict: current change of direction remains in effect as long as there's no contradictory patterns showing up.
USDJPY-Weekly Market Analysis-Nov22,Wk3This is what trading can be, I am waiting for a buying opportunity within the buy zone. For that to happen, a double-bottom setup is a minimum setup that is required before I consider a buying opportunity.
GBPUSD-Weekly Market Analysis-Nov22,Wk3GBPUSD is approaching the Weekly Chart's Key Resistance Level that completes at 1.1872. What's nice about this setup is that a potential ABCD Pattern completes at that level, and that, gives a combo trading opportunity.
EURUSD-Weekly Market Analysis-Nov22,Wk3EURUSD is currently retesting the Weekly Key Resistance Level, 1.0352. I will wait for a Double Top set at that level before engaging in the trade.
That means Tuesday would be the earliest time to be involved in this trade.
SPX: Is this rally finally over? Let's see.• The SPX is still bullish, and although it is trying to stabilize today (which is perfectly normal after an euphoric day like yesterday), we have yet to see a top sign confirmed;
• It is too soon to tell, but so far, today’s candlestick resembles a Doji pattern, and if this is true, we could do a pullback to the 3,911 area again, at least, if we lose today's low next week;
• A sharper pullback would take us back to the 21 ema, but we must see a stronger bearish sign in order to see that;
• For now, the trend is still bullish and the index is seeking our red line at 4,116, as we already mentioned yesterday (link to my previous analysis below this post).
Remember to follow me to keep in touch with my analyses!
Important news for EURUSD! The news coming up for EURUSD will determine the next move.
Yesterday, we looked at the daily timeframe and the levels where price was trading then.
Today, we expect that the market will confirm its move to the downside!
Ideally, we want to see price pushing higher towards 1,0100 and then giving us an entry there by closing lower.
We don't recommend trading before the news!
SHORT NZDCHFAnalysis is posted on my chart. Price action is signaling another short signal. Best of luck traders!
A Breakout Signal!The candlestick indicates a breakout signal due to significant price movement backed by high volume with the price closed above the MA50 line.
The MACD signal is in a positive trend, hence, confirming the price uptrend toward the next price resistance.
The RSI cross-up of the indexer 70 indexer due to fresh buying interest on the stock making the candlestick in a breakout pattern.
Precaution for a price correction between 5%-10% from the recent peak before continuing with a price uptrend towards the next price resistance.
Let's save ASB in WL and watch out for significant price movement backed with volume toward the next price resistance.
R 0.195
S 0.080
No trades on EURUSD Yesterday, we talked about potentially selling from the 1,0050 level.
However, we then had an impulse move to the upside which doesn't allow us to enter short.
That's why this setup isn't valid anymore and we will be looking to sell another time.
Also, current price level aren't suitable for long positions either and that's due to lack of decent risk to reward ratio.
We are now expecting a continuation of this move after a pullback. Right now, we will focus on other instruments to trade.
QQQ: Breaking some Key Resistances. Could it recover from here?• QQQ is in a key resistance area, under the 61.8% retracement (previous support, now resistance);
• Since QQQ is trying to break this key point, it seems it will trigger the Hammer candlestick pattern from last Friday;
• This bullish reversal sign could take QQQ to higher levels, at least to its 21 ema again, in the short-term;
• If this will turn out to be a mid-term reversal structure, it is too soon to tell, as we must pay attention on how it’ll react near its next resistances;
• The 38.2% retracement along with the 21 ema is a key resistance to pay attention in the next few days, if QQQ gets there;
Remember to follow me to keep in touch with my analyses!
The next sell levels on EURUSD On Friday we had a bullish impulse on EURUSD that took price to 0,9966.
This move will most likely continue towards 1,0050.
These will be the next levels where we want to see rejection i potential selling opportunities.
This week, we have important news that are going to affect the market again.
EURCAD Potential Longs to 1.37000!EURCAD potential longs are based on the overall confluence we are seeing above. Price is in an uptrend and currently respecting an area of support. If the price manages to hold above this area look for longs back up to the most recent swing high of 1.37000.
GBPNZD Potential Shorts at 1.96000!GBPNZD has created a beautiful head and shoulders formation. By looking at the chart above we can see price has cleared the neckline with a strong bearish shift. If price can pull back to 1.96000 with signs of rejection, we can look to sell this down to 1.87500. If price does not give us a rejection or if it breaks above 1.96000 we must reevaluate price action.
