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I Thought That Will Happen, But This Happened :-( Hey trader, I hope you're having a profitable week! I thought that the price was ready to rally for the rest of the year, but I was wrong. The monthly and weekly timeframes weren't fully ready, especially the weekly timeframe. It only gave me a market-maker pattern signal and not the short-term MAs one. A retest with a bullish reversal candle close is expected on the 8 MA to fully confirm the MAs signal and rally. I think that's why the price decided to start forming a bearish reversal candle pattern, which is rejecting the buy trade I had taken last week. Aside from what's happening in the weekly, the monthly timeframe signal is still intact. Everything is aligned according to the strategy rules. So we'll likely see the price rally as anticipated after the weekly counter-trend. The weekly counter-trend is triggering a swing signal that we can likely profit from. The price is in a bearish reversal candle formation on the weekly timeframe. The price is running below the newly formed bearish half-a-bat pattern (which confirms the weekly's bearish reversal candle pattern) that's running below its neckline and in between the short-term MA's in the daily timeframe. The price is bearish running in the mini half a bat L2 as well as below the 50 and bearish crossed short-term MA's in the 4 Hour (current) timeframe. All 3 timeframes are telling each other to drop for the weekly 8 MA retest. But, they haven't fully confirmed that bias and it can be rejected. Monthly Chart: Weekly Chart: Daily Chart: With that in mind, do not take the trade because this isn't financial advice. I'm just sharing my views. If you take the trade and lose money, do not blame me but yourself! That's it for today. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts. Or, if you want to see ideas that link to this one, simply click the ones that are embedded in the Link to Related Ideas tab. Stay Blessed Baby, Sphatrades.
Short
by Doji-2k1
2
3...2...1...GO!Hey trader, I hope you're having a profitable week! As you can see the price is currently running in the mini head and shoulder patterns L1 and above the 50 and 8 MA. The pattern expects an uptrend for the L2 and L3 formations. We'll get our signal (that will lead to the rally) after the price has closed with a bullish candle above the Mini Weekly Neckline/2nd Daily Key Lvl, 50 and 8 MAs. But if it decides to bearish break and closes below the Monthly Neckline 4 and 21 MA, our bias will be rejected. With that in mind, do not take the trade because this isn't financial advice, I'm just expressing my thoughts about the current market condition. If you decide to take the trade and lose, don't blame me but yourself. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts. Or, if you want to see more ideas that relate to this one, simply click on the articles listed below. (specifically the recent articles on BTCUSD and EURUSD; they are behaving like this currency pair). Stay Blessed Baby, Sphatrades.
Long
by Doji-2k1
1
What A Promising Start To NovemberHey trade, I hope you're having a profitable week! As you can see the price is currently bullish running in the half-a-bat patterns L2 and above the 50 and 8 MA. It is preparing to trigger a trend-continuation signal that will lead the patterns price to reach its L3. We'll get that confirmation once the price has closed with a bullish candle. But if it decided to re-bearish break and close below the Monthly Neckline 1 and 21 MA, our bias will be rejected. With that in mind, do not take the trade because this isn't financial advice. I'm just sharing my ideas with you, and you can do the same by commenting below. That's it for today. I hope you found value in this article. If you have a different concept in mind, don't hesitate to share it in the comments, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
Long
by Doji-2k1
EURUSD Forecast: 2-3 Month Consolidation Coming UpHey trade, I hope you're having a profitable week ;) As you can see the price has been in a downtrend from June 2021. It formed an H&S pattern that was followed by a 3-level drop. The last level will be confirmed by either this months or the following months bullish reversal candle pattern close around where the price is at. That reversal candle will start a bullish reversal pattern. It could be a double bottom, half a bat pattern, or a head and shoulder pattern. Usually when one of those patterns form at a support level, a bullish uptrend occurs. Therefore, we can expect the price to rally to the 5th Monthly Key Lvl and 8 MA. But that might not happen; the price might drop further down if it forms a bearish reversal pattern after the bullish reversal pattern. That bearish pattern must bounce off the 8 MA though. To confirm the the short-term MA's trend-continuation. So for now we could sit back wait to take a position trade or take day and short-term swing trades on the lower timeframes. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
by Doji-2k1
1
I Am About To Make Your Day...(I think)Hey trader, I hope you're having a profitable week. ;) If not, maybe you'll have one with this trade. But before taking it, let me explain how it will unfold. The price will prepare to drop for the take profit point after it has formed a bearish reversal pattern that guides the price to break and retests its neckline and 8 MA. That's it. Simple, right? Wrong. Because the daily and 4 Hour timeframes had to behave in a certain way before deciding to look for an entry signal on the 1 hour timeframe. Our entry signal can be rejected before or after taking the trade. That will happen if the price bullish breaks and closes above our stop loss key level. With that said, take the trade at your own risk. I'm just sharing my trading journey in this platform. I'm not a financial advisor nor a signal provider. That's for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
Short
by Doji-2k1
4
EURUSD Forecast: Price is reversing after the long dropHey trader, I hope you're having a profitable week! As you can see, the price is in a bullish uptrend that's trying to form the double bottoms 2nd leg. This reversal pattern usually triggers a 3-level uptrend. In this case, it will do so once the price has bullish broke and retested the patterns neckline (Mini Weekly Neckline) together with the 50 and bullish crossed short-term MA's. If that happens, the drop we've been seeing on the weekly and monthly timeframes will start to be recovered. But that might not happen. If the price bounces off the patterns neckline and 50 MA with a bearish reversal pattern that leads its price to bearish break and retest the bearish crossed short-term MA's, a downtrend will occur. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
by Doji-2k1
Take Two For Buyzing ;)Hey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bullish breaks and retests he 4H Half a Bat Neckline and 1st 4H Key Lvl (1st and 2nd trade signals) after bouncing off the 50 and 8 MA’s; according to the 4 hour: the price will be in prep to rally for the half a bats 3 level trend together for the 200 MA; and according to the daily: the price would be bullish running above the double bottoms 2nd leg neckline and short-term MA’s - in prep to rally for the patterns neckline or accumulation phase, so once that happens, then you should BUY → E.1 & E.2 That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
Long
by Doji-2k1
Pound Yen is about to take off to 166.426Hey trader. I hope you having a fantastic week! The price is currently running in the double bottoms 2nd leg formation and above the 50 and bullish crossed short-term MA's. We're expecting an uptrend to the double bottoms neckline for the accumulation phase formation. The price will react to that anticipation once it has bearish retested the Daily Half a Bat Neckline, 50 and 8 MA with a bullish candle formation or close. But if the price bearish breaks and closes below those key levels, the uptrend will be rejected, then a drop to the Mini Monthly Neckline may occur. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
by Doji-2k1
AUDUSD Forecast: The extended move has ended. Hey trader, I hope you having a profitable week! The price is about to complete the bearish head and shoulders extended move. It will confirm that after it has closed with a bullish reversal candle pattern that will probably bounce off the Mini Weekly Neckline. The reversal candle pattern may lead to a bullish reversal pattern formation that will start an uptrend probably after its price has bullish broke and retested the 2nd Monthly Key Lvl and 8 MA. If the price bounces off those key levels with a bearish reversal pattern (or candle pattern) after forming the bullish reversal patter, we further drop may to the Monthly H&S Neckline may occur. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts! Stay Blessed, Sphatrades.
by Doji-2k1