USD/CHF - Short Since the trend has changed in short term, looking for sell opportunity. Placing a sell limit as shown in above chart.
Candlestickpattern
AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity;
• In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick;
• If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend;
• By losing the $5.47, the next stop would be only at $5 area;
• Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it;
• This could reverse the trend in the short-term to the $8.15, our next resistance;
• Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results.
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Long on XAGUSD (SILVER), Candlesticks & Dow TheoryLong on XAGUSD (SILVER), Candlesticks & Dow Theory
Important news for EURUSD Today we have ECB Interest Rates decision.
We should see them going up by 0.75%.
No matter what will be the bank's decision, we're going to see big moves on EURUSD.
We could see more bullish pressure on EURUSD, but we have to keep in mind that FED is also coming out with their decision soon.
That means, whatever upside move we see today, it could reverse pretty soon.
That's why, we think the best decision today would be to wait for the news and look for entries after that.
Also, price reaching higher levels will only give us a better sell opportunities.
SPX: Doing a top sign! Could it correct? Let's see.• SPY is doing a Shooting Star candlestick pattern today;
• If triggered, this could lead us down to the next support area around 3,760, near the 21 ema;
• This pullback wouldn’t be enough to reverse the bull trend, as the index is still doing higher high/lows since Oct 13;
• In this scenario, any bullish reaction above the support would be an excuse to buy;
• What could frustrate this bull trend? If the index loses again the support, along with the 21 ema. In this cse it might seek the 3,645 again, or even lower support levels;
• For now, let’s pay attention to this Shooting Star and to the support at 3,760 area.
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Long Trade Plan USDCHF, CandlesticksLong trade plan has been suggested on candle sticks pattern. A bullish engulfing candle has seen as price touches a new bottom, some upside is expected as a new LH might form
EURUSD continues to rise In the beginning of the week, we talked about price reaching its current levels of 0,9950 and then sell.
However, yesterday we had an impulse move up and right now we won't be looking for short positions yet.
After such a move, we are actually expecting a continuation higher.
Tomorrow we have ECB Interest Rates which is expected to cause more big moves.
In case of a continuation higher, we are looking at 1,0090 next!
This will be the next level where we will look to sell!
Nothing has changed on EURUSDRight now, the situation on EURUSD remains the same as yesterday.
It's heading towards 0,9950 - the level where we should see a reaction.
It's also important to know that this week, we have ECB Interest Rates.
This will definitely bring some volatility and it also makes the entries before the news more risky.
That's why we have to wait for the right moment only after confirmation.
An Uptrend Pattern!The candlestick pattern indicates a continuous price uptrend towards the MA20 line backed with high volume.
Precaution because the last candlestick indicates a "shooting star" candle, hence, the probability of price correction between the trendline channel or potential resistance area around the price range of the candle.
The MACD confirms the price uptrend towards the next price resistance.
The RSI indicates a fresh buying interest in the stock.
Let's put KAB in WL and watch out for continuous price movement toward the next price resistance backed with volume.
R 0.470
S 0.425
Selling EURUSD at 0,9950 One of the sell scenarios was on Friday when we saw price pushing higher to 0,9867.
Today we will be looking to sell again but this time from higher levels.
The level where we expect to see rejection is 0,9950.
In case of price rejecting this level, then we can enter short positions.
We will enter a short trade only upon further confirmation!
CADJPY - Bearish BatA Bearish Bat Pattern is completing at 110.00, a perfect shorting opportunity at the price action level. With that said, a candlestick pattern confirmation is still required.
EURUSD-Weekly Market Analysis-Oct22,Wk4I am still bearish on EURUSD, I'm waiting for a Bearish Deep Gartley Pattern completion at 0.9958. I'm aware that a lot traders are waiting for bullish opportunity on both EURUSD and GBPUSD but I don't see any recovery soon.
EURUSD - 5-0PatternWell, if you guys are aware, I do not usually post an analysis based on M15 timeframe, but this setup is worth watching. The distance between the red and blue line is 43pips, substantial profit between the 2 levels.
On the red dotted line, come the completion of the Bearish Shark Pattern and the blue dotted line, Bullish 5-0 Pattern.
Candlestick Pattern confirmation is required before one consider it as an trading ideas.
p/s do your own analysis and never follow blindly
Is the pullback on EURUSD over? It looks like the pullback that started at the end of September has already come to an end.
This will provide us with selling opportunities.
If we see that the price comes back to around 0,9867, we can wait for rejection and then sell.
Another sell setup could be a breakout and test of 0,9750.
We are not selling at current price levels!
We are also not looking for long positions!
A Breakout Signal!The candlestick indicates a breakout signal when the price closed above the MA20 and MA50 lines. Hence, a strong uptrend signal with volume backed the significant price movement.
The MACD is in a divergence signal and hence aligns with the significant price movement toward the next price resistance.
The RSI oscillator indicates a buying interest in JETSON hence pushing the price to its recent peak price.
Let's save JETSON in WL and watch out for the price hit the next resistance price.
R 0.245
S 0.190
AAVE/USDTbuy zone 77
sl 6%
sell target 91
take profit 20%
risk to reward ratio 1:3
falling wedge
harmonic
volume
candlestick
Head and Shoulders Pattern On Natural GasHere we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas.
The volatility between the head and the kneckline was 19% so we used this as our main take profit area.
At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%.
This was a big trade to take, the entry for this set up is below: entering on the break and retest of the pattern. Using the rally candle for the signal to enter was key also.
Also had a 2nd opportunity to enter the downtrend and this was the continuation pattern = symmetrical triangle (if located in a downtrend then the chances are that breakout will be to the downside
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AUDCAD - 5-0PatternA Bearish 5-0 Pattern give traders who want to look for a shorting opportunity, an opportunity to engage the trade. It is important to wait for 3bar reversal and not seeing candle break above and close above the red dotted line for the minimum confirmation.
EURUSD isn't strong enough to continue It looks like the upside move that we're expecting this week doesn't have enough strength to continue.
Yesterday, we didn't see the rejection of the 0,9808 support.
You shouldn't be looking to buy anymore but instead, wait for a sell signal.
We could possibly see a move up towards 0,9915 and that's where we will be looking for potential reversal.
Bull/bear idea There’s a lot of consolidation but trades if your willing to be patient. Above 19,696 I will take a long with 1% risk aim is to make 3% .
Below 19,080 I will take a short risking 1% aim is to make 3% . I’m looking for this move to happen in the next 18hrs-24hrs
