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Impulseandcorrection

SELL setup on $ZAR1W or HTF I think we're in a corrective move that might print out a continuation correction/bull flag where as if drop to 1D market print out double top to push down/sell off and give us a 3rd touch for 1W correction. Let's do top to down analysis check out what we've on 4H market reach area of value in an ascending channel followed by impulse up and impulse down which is a clean sign for reversal. So let's wait for market to print out a continuation correction/bear flag to confirm SELL opportunities. TRADING PLAN IS YOUR TRADING NAVIGATION
Short
by market-tycoon
7
CADCHF: The market is reacting around a strong SWING!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: In HTF this market reached an interesting swing at around 0.71700, which reversed the direction the last March. At the end of September 2022, it approached on the current area, double topping and reversing, after it has been moving inside a descending channel for almost 6 months. Currently, the price is correcting (still inside the structure ) with a possibility to see further bullish price action. When, where and why would we step into the market? The market is not ready for a long trade, not so much space inside the structure to enter long with a good RR, however, a breakout to the upside of the main structure would be an interesting entry point to take advantage of! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab
Long
by Cybernetics_tl
16
EURGBP: Looking for further BEARISH ContinuationHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURGBP, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: At the end of September, this market reached an interesting swing, and we could see a strong bearish impulse lasted for more than 500 pip. Initially, the market started correcting, retracing and forming a flag structure and it performed a new strong impulse to the downside. Enough bearish confluences are still in line with the overall bias and if the market will develop further bearish price action, it could be a great market opportunity for the upcoming week. When, where and why would we step into the market? Currently, the market is retracing and many different scenarios could happen! Overall, if the market will form a new structure, we will definitely take advantage of it but however, we don't exclude the possibility of a bigger and deeper structure before a potential drop, that could last for a week or more! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
19
USDCHF: Top of the structure, looking for Market Reversal!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: Since the beginning of September, the market started rising up into a corrective formation, recently approaching its previous swing at the top of the main structure. A double top and a rising wedge around that area, are a first clue of a potential losing of momentum, with the possibility to see a market reversal. In lower timeframe, the market is still performing a series of random short term movements, still moving slightly to the upside. When, where and why would we step into the market? The overall Bias for this market is quite bearish considering how many times the market got a rejection on the current level, however not yet many LTF confluences to enter any short position. We would be waiting for more confluences during the upcoming trading week but the best and moderate trading setup at the moment, is to wait for the market to break the main structure to the downside, entering short on the first bounce and/or at the correction after breakout. Note that a breakout of the current swing and further bullish price action at the same level would invalidate the short bias analysis and the overall setup! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
17