Chartpattren
USDCAD > The Best 2 Places for High Quality SellAnalysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
the USDCAD trend has shifted to the downside, if you remember I posted head and shoulders last time on USDCAD, and indeed it moved as I predicted it to move, now I still see a further move to the downside, and I have confirmation that the trend now is to the downside.
now, the question is where to sell?
the first place to look for a sell entry would be of course previous support now became resistance, which is the previous low if we have valid confirmation we can then move to enter a sell trade.
the second level to sell would be the previous lower high, as you can see we had a very good bearish reaction at that level and traders sold the market, so if the market comes and pull back to test its resistance zone I will also be looking for sell entry.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
AUDUSD > The Trend is Shifting Up, Where to Buy!?Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
the momentum now is to the upside as you can see, we have this impulsive move-up after the market was unable to break its resistance level near 0.6500, which now becomes a support level.
the market now testing its trendline resistance on the daily time frame, of course, after the way the market reached this level, I am not interested in selling the market here, as we might actually continue to the upside.
what I prefer doing is to wait and see if the market pulls back to test its support level and look for a buy entry near support if the market shows a bullish reaction and valid entry with good risk to rewards
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3401
TP: 0.3150
SL: 0.3566
Bias: Short
For crypto pairs our goal is to look for small opportunities in tight ranges. The study of dynamic support and resistance do not seem to be very appealing for a strong directional bias. We can expect some impulsive moves from current price points.
EURUSD > The Best Place for Buy Entry!!Analysis of #EURUSD
The EURUSD is currently at a resistance level as you can see on my chart, but the way the market reached this level shows that the momentum is to the upside, it's not safe to short the market here.
I will prefer to look at a buying opportunity if the market falls to my support zone near 1.01500 and showed a bullish reaction on the lower time frame before I get in a buy entry, with good reward to risk
Thanks for your continued support!
GBPUSD > The Best Placce for Buy Entry!!Analysis of #GBPUSD
We all witnessed what happens last week after the CPI report and how we saw a historic drop in the dollar index, this could continue, and look at the chart I want to start buying the GBPUSD if I see a good setup.
I have highlighted for you the previous resistance zone, now becomes a support zone, so I am waiting to see if the market comes to test my support zone, and provide a reversal pattern before I make a decision to buy this GBPUSD
Thanks for your continued support!
#BTC break down 18.5k support What's next, rally or crash?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Update
BTC breakdown $18.5K support and failed in the retest of the descending trendline support, hit the liquidity box with a decent negative volume, and took stops underneath the past low of $17622 after 143days of consolidation above it.
Bulls need to recover $19K support with a good volume for the bullish affirmation in the market. A strong breakdown underneath $17.6K would be the affirmation of a further negative push in the market toward $15K to $14K which could be an expected bottom for BTC.
So let's see how the daily candle closes
Keep an eye on it
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3600
TP: 0.3854
SL: 0.3362
Bias: Long
For this instrument we are neutral but in some cases we have chosen to take directional bias. However, the overall movement and volatility do not imply any strong price movement possibility or any type of future outcome that will be strongly based up directional bias. So the vast majority of our set up selections are based upon recent price fluctuations.
GBPUSD > The Best Place for A Buy Trade!!Analysis of #GBPUSD
This is a big week for the financial market as you know we have US mid-term election and ae have a CPI report coming later this week, you can bet the markets will move based on this news.
I am starting to think and believe the Dollar is running out of momentum which is something good if the dollar just started to move sideways instead of strong upward momentum.
as you can see on my chart the GBPUSD tested its trendline resistance and started moving down, you can wait for a retest and get in a sell entry if you want,
my preference action would be if the market moves down to the retest 1.1200 level which is trendline support where I think we will see bullish action and might be a good reason to get in a buy entry
Thanks for your continued support!
EURUSD > A Beautiful Setup for Buy and Sell.Analysis of #EURUSD
following up on my EURUSD previous analysis, as you can see I highlighted a few key market levels for buy or sell, and here is why.
this first level for a buy entry is the previous structure support level near 0.98500 where I think the market will turn bullish and provide a good reason to get in a buy trade.
the second level is a little bit lower 0.9800, also another strong structure support level also trendline support level, where I believe the market will turn bullish and provide a reason to get in a buy trade.
lastly, if the market continued higher from here, we can expect the market to test its trendline resistance, and I expect the market to turn bearish and provide a reason to get into sell entry.
Thanks for your continued support!
XAUUSD > What to Expect Next, and How to Trade Gold?Analysis of #GBPCHF
The GOLD market is on a strong upside momentum right now, so definitely you don't want to be selling in here without a strong confirmation first.
as you can see, the market is now near its trendline resistance zone, also previous structure support which now acting as a resistance zone near the 1680 key market level, could be a good level for a sell if the rules are met.
on the other hand, if the market indeed falls down, we might have a very good buy level near 1640, which was a strong resistance now, becomes a support zone also FIB golden ratio 0.618 retracements.
Thanks for your continued support!
EURUSD > The Best Place for A Short Entry!!Analysis of #EURUSD
The EURUSD reacted similarly to GBPUSD, going up after the US market open almost 220 pips, in reaction to Friday's NFP news.
as you can see on my chart, the EURUSD is still within this wide range of trendline support and trendline support, which I previously posted about, "link below"
I still expect this trend to hold on, for that, I will be looking for a sell entry near trendline resistance if the rules for entry are met
Thanks for your continued support!
GBPUSD > Looking for A Sell Near This Zone!!Analysis of #GBPUSD
The GBPUSD rallied strongly after Friday's NFP news, as did many other pairs, I don't know if this move will continue, but let's watch and see.
as you can see on my chart, we have broken trendline support, not become a trendline resistance.
Broken structure support now became structure resistance, near key market level 1.1400.
we also have short-term trendline resistance, all coinciding near 1.1400.
I will be looking for a reversal pattern near this zone to get ina a sell trade targeting the previous ows
Thanks for your continued support!
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.4063
TP: 0.4288
SL: 0.3880
Bias: Long
The study of dynamic support and resistance displays a narrow range and the price is oscillating between two extremes but the volatility factor is low. That is why we cannot expect a high potential trade from the current price context. Considering the price pattern we can expect some price move from support to resistance and resistance to support.