AAVE/USDTbuy zone 77
sl 6%
sell target 91
take profit 20%
risk to reward ratio 1:3
falling wedge
harmonic
volume
candlestick
Candlestickpattern
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
Follow me for more analysis and candlestick signals.
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
Rise in EURUSD EURUSD bounced off 0,9808 yesterday but it still hasn't moved towards the parity.
We can potentially see another retest of the same level today and that could give us buying opportunities.
The target remains at 1,0090 but we have to watch out around the other important levels- 0,9915 and 0,9999.
This scenario is only valid if price doesn't break below 0,9725!
NZD JPY LONG TRADE (Scalping) wave analysis
market structure
price action
candle pattern
snr breakout
order block
EURUSD is heading towards 1,0090! The breakout of 0,9808 from yesterday, confirms the ascend of EURUSD.
The first target here will be 0,9915, followed by 0,9999.
All long positions must be closed before 1,0090!
It's important to understand, that this is only a part of a pullback from the higher timeframes and we should see a reversal to the downside soon.
This will be valid only if price doesn't break below 0,9725!
Strong Uptrend Pattern!The candlestick pattern indicates rising candlesticks methods, hence, a bullish continuation candlestick pattern that occurs in an uptrend towards the next price resistance. Backed by high-volume support the price continuous movement.
RSI indicates a fresh buying interest in the stock hence the oscillator graph above indexes 50. Thus confirming the price movement.
The OBV and MACD show a continuous uptrend and backed the price movement toward the next price resistance.
Precaution for a price correction between 10%-20% from the recent peak due to short position by the traders.
Let's save TOPGLOV in WL and watch out for significant price movement towards the MA50 line backed with volume.
R 0.780
S 0.630
Important levels for EURUSD We expected more upside movement on EURUSD after the low from last week.
However, it looks like the market doesn't have enough strength and we don't have a reason to buy.
The continuation up will be confirmed upon break above 0,9808.
Before that we could see another drop but right now, we don't have a sell signal either.
That's why we should wait for a better setup before taking a trade.
AUDCAD - Demand ZoneAUDCAD has reach the other end of the Bearish Parallel Channel, it gives counter-trend traders an opportunity to engage the trade.
On a more conservative approach, counter-trend traders could wait for a double bottom with RSI Divergence on the 1hourly chart.
What is crucial in the setup is that the candlestick shouldn't break and close beyond the blue dotted line.
USDJPY-Weekly Market Analysis-Oct22,Wk3Trend Traders you can wait for a buying opportunity when the candlestick pattern touches 147.66 but not close beyond the blue box.
I'm bullish on USDJPY and will be waiting patiently to hop on to the ride.
USDJPY - Bullish TrendlineAdvance trader who can plot a similar bullish trendline and have your alert setting as once per bar close and wait for buying opportunity once the market touches it.
If you face challenge doing that, keep refreshing this analysis until you can see a link under related ideas.
EURUSD-Weekly Market Analysis-Oct22,Wk3Do you agree that the simplest analysis is often the toughest to spot?
I'm looking for shorting opportunity on the red dotted line and buying opportunity on the blue dotted line.
This is 1 of the classic chart pattern and 1 of my favourite that I've been trading for the past 17years.
EURUSD - Bearish Deep CrabA Bearish Deep Gartley trading opportunity may present itself at 1.01285, a completion of this Deep Gartley Pattern is going to invalid the Bearish Channel and that's fine.
This is 1 of the possibility we should look out for.
Engulfing candlestick:Education!!!What is a pattern of engulfing candlesticks?
On a price chart, engulfing candlestick patterns consist of two bars.They are used to signal a market turn around.The second candlestick will be much larger than the first, covering or "engulfing" the entire length of the bar before it.
Is it time to buy EURUSD?We had quite a move last night during the news.
The price collected some stop loss orders and it then broke above the 0,9775 level!
That means we can potentially see a further move up towards 0,9915 and 0,9990.
The idea for an upside continuation is only valid if the market doesn't violate the previous low at 0,9630.
The level of 0,9752 is also an important area where we could see price rejecting.
Respite at Last!The last two weeks in crypto have been comparatively less volatile than the two weeks prior and it finally looks like we’re getting some reprieve. The market operations that the Bank of England started engaging in appear to have been successful in cooling the pound sell-off as it has gained back some ground against the dollar. This appears to have, at least temporarily, brought some calm to financial markets. Subsequently, Bitcoin has remained stable as it has been trading in the $18,000 to $20,500 range. This comes as a welcome change to the large price swings we’ve been observing in recent weeks.
From a technical perspective, it appears that the price of Bitcoin could be approaching a fulcrum point as it is currency sitting right on the $17,600-$18,500 major support range. Bears will be hoping that we lose this range and see another leg down. Losing this range would bring lows that the market has not seen since 2020, likely around the $15,800-$16,100 range, and would result in a bleak short-term market outlook for crypto.
Despite the price of Bitcoin being relatively stable over the past two weeks, the Bitcoin weekly chart suggests we could be primed for some fireworks. The bulls will find solace in the fact that the weekly chart shows a clear example of a falling wedge. A breakout above this wedge could signal a change in market sentiment and allow Bitcoin to rise towards new range highs, allowing the bulls to reclaim some lost ground against the bears. Another bullish indicator that provides support to this idea is the fact that the Relative Strength Index (RSI) of Bitcoin on the weekly chart has been hovering around oversold levels for some time indicating that we could be primed for a reversal and a change in sentiment.
Another important thing to keep an eye on is inflation figures. U.S. CPI Inflation just came in at 8.2% for the month of September, 0.1% higher than the 8.1% that was expected. Although this is just a slight deviation from the expected value, we have seen in recent months how inflation levels coming in even slightly higher than expected can have stark consequences for financial markets, including crypto. It certainly appears that the Fed’s rate rises have done little to drive down core inflation so far and market expectations towards further rate hikes are strong. Meanwhile and despite a slow-down of the pound’s sell-off, markets keep a close watch on what will happen with the growing UK Pension Funds crisis. On a macro-level, things might just about be starting to get interesting.
Either way, whether it’s pain or a gain, it’s likely we will have a clearer idea of what will happen by the time the weekly close comes in on Sunday.
USDCAD - Waiting for bearish breakIf you are waiting for the more conservative approach to short the USDCAD, you might have to wait for a break and close below the rising trendline(red).
Aggressive traders observe how the candles react at the trendline. A break and close below is what you need
USDCAD - Structure BasedA structure-based trade could create an opening for Bat Patterns' die-hard fans. I will watch closely on the candlestick pattern formation to engage on this trade.
p/s: never follow blindly, always do your own analysis
Where is EURUSD going? The ascending move from yesterday didn't have enough strength to continue higher.
Now it's important to see which level will be violated next.
In case of a breakout of 0,9775, then we're probably heading to the parity level again!
However, if the market breaks below 0,9669 then we will have to see how the setup will develop later on.
Trades at current price levels are considered risky and not confirmed!
Important levels on EURUSDWe are still not trading EURUSD and waiting for better entry opportunity.
Current price levels are important to determine what will be the next move.
Right now, EURUSD doesn't give us any entry confirmations but we will be waiting for the 0,9643 level.
In case of rejection around that level, we will have to see if price will gain enough strength to continue higher.
We recommend waiting for further confirmation or pick another pair to trade.
A possible rise on EURUSDEURUSD is currently trading at significant levels that are going to determine the next move.
Right now, we don't have any entry signals and we have to wait.
The downside move that formed on the lower timeframes should end soon.
The first resistance is 0,9803 and once the market breaks out of it, then we could expect further move up.
We also need to look out for support at 0,9710 and 0,9643!
