Lowerhigh
AUDCAD - BREAK OF STRUCTURE📈Hello Traders!
The AUDCAD Price Reached a Daily Support Level📉
The Price Failed to Create New Lower Low and Broke The Last Lower High (Break of Structure)
So, I Expect a Bullish Move 📈
-----------
TARGET: 0.89455🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
USDJPY rejected at 4H Lower HighI decided to short UJ here as the 4H shooting star at a re-tested area was a bearish enough signal for me to go short. Price has been making Lower Highs on 4H and daily chart. The bullish candles have been forming with a lot of indecision. This entry was taken based on the 4H close, as well as the 1H presenting a strong evening star at a Evening star re-test. My entry was upon a bearish 15min engulfing at a potential high/re-test of resistance. My stop loss is just Above the high of the shooting star. My target is the next daily Lower Low.
Ethereum is retracing to create its lower highIt's a great thing we're no longer fooled by big big candles being a big move. Proce closed pretty Bullish on Sunday only adding to the combination of randomness . Anytime price created a lower low, I project and expect it tush lower after a retest. This is exactly what price is doing, a reversal candlestick at a key area suggests its almost time to short. If anything price has determined where it wants to slow down. This 61.8 retracement is no surprise considering the fact that the weekly was rejected earlier when price attempted to break it. It seems price wants another crack at rejection. I'll short here since the 30min and 1H is already creating lower lows and lower highs upon reaching that area.
AU providing a hint for a reversalAUDUSD is currently at its lowest point since breaking out of consolidation on last week. This week it may look to re-test the bottom of the range or the neckline of a confirmed double top bearish reversal pattern. However, the case, this pair is overall bearish. The big move will come from a short. I've noticed that its currently trading around the weekly support and has performed a higher high, would be a trendline break if price wasn't moving so fast but the moving average has already crossed to the upside. If that low holds as support, I'll look to buy to the 38.2 Price reversal zone (PRZ).
What is Higher High, Higher Low, Lower Low, Lower High
In this educational article, we will discuss the foundation of price action analysis: the concepts of highs and lows.
In order to grasp that concept, you should learn to perceive the price chart as the sequence of zigzags.
Depending on the direction of the market and the shape of these zigzags, its peaks will be called differently. There are 6 types of them that you should learn to recognize.
1️⃣ Equal Highs (EH).
The peaks of bullish moves will be called equal highs, if they perfectly respect the same level (resistance), retracing from that and not managing to break above.
2️⃣ Equal Lows (EL).
The peaks of bearish moves will be called equal lows, if they perfectly respect the same level (support), bouncing from that and not managing to break below.
3️⃣ Higher High (HH).
The peak of a bullish move will be called Higher High, if the price manages to violate the previous high after a retracement.
4️⃣ Lower Low (LL).
The peak of a bearish move will be called Lower Low, if the price manages to violate the previous low after a pullback.
5️⃣ Higher Low (HL).
The peak of a bearish move will be called Higher Low if, after a retracement from the high, the price manages to set a low that is higher than the previous low.
6️⃣ Lower High (LH).
The peak of a bullish movement will be called Lower High if, after a pullback from the low, the price sets a high that is lower than the previous high.
Why these terms are so important?
Because, firstly, you can apply them to objectively identify the market trend.
Secondly, all the price action patterns are based on a combination of these highs and lows.
You should learn these terms by heart, and you should learn to perceive the price chart as the sequence of zigzags, with a strict designation of each peak.
❤️Please, support my work with like, thank you!❤️
CHFJPY - Break of Structure 🔥📉on The Daily Time Frame, The CHFJPY Price Reached a Daily Resistance Level !
Currently, on the 1H Time Frame The Higher Low of the bullish structure is Broken (Break of Structure) and now we have a new Lower Low🔥
So! I Expect a bearish move 📉
i'm waiting for a retest...
-----------
TARGET: 141.370🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBPUSD - LH/LL & Reversal - ShortGBPUSD - LH/LL & Reversal - Short
I've entered a short position on GBP\USD after completing multi-timeframe analysis.
The confluences are:
1. Price has broken below the 50 EMA on multiple timeframes.
2. We are now forming lower highs and lower lows on multiple timeframes
3. Overall on the higher timeframes (D/4H), we are starting to look bearish
XAG Market Structure Breaking Down
The chart above shows a 12hr outlook of Silver (XAG). The light blue trend line shows the macro lower highs that are being printed and this line has been respected several times. The current price action is now in an area revisiting this downtrend. This does not mean a reversal is imminent but gives us an indication that this is where a reversal would occur if it's going to. Let's look at the chart below for a close look at recent price action.
We are now zoomed in to the 1hr price action and can see the more recent market structure shown by the yellow line. The price action squeezed between our larger blue downtrend and this yellow uptrend before finally hopping outside of the yellow trendline. The price breaking the yellow trendline does not mean that a reversal is confirmed, it's simply the first potential point for the bears. But immediately following that trend line break, the price action has created a lower low as well as a lower high, both of which are very good signs that the bears are beginning to take control.
Not financial advice but this is sufficient for entering a short for my trading strategy. The short position shown on chart is simply a guide, as this will be the beginning on a new trend. My strategy is not to take a blind take profit but to continue monitoring this until the bulls begin to take control again and only then do I close my position.
GOING SHORT IN CADCHF BY TRADING STRATEGY #2Bearish Indications
1. Lower Highs and Lows
2. CXY is bearish & SXY is bullish in 2H TF
3. No Divergence
4. Shooting Star at LH
5. Trend line not broken
Bearish Indications
1. Trend is Mature Enough
2. On Larger TF it almost completes Bullish ABCD Pattern
Indices on 2H TF
DXY => Bearish
JXY => Bullish
ZXY => Bullish
AXY => Bullish
EXY => Bullish
CXY => Bearish
SXY => Bullish
BXY => Bullish
GOING SHORT IN NZDUSD BY TRADING STRATEGYBullish Indications
1. Higher Highs and Lows
2. 8 out of 12 years December remains bullish
3. Trend is bullish on 1D TF
Bearish Indications
1. Shooting Start at Higher High
2. Broken Trendline
3. Bearish Divergence on 4H and 1D
4. Price is exactly bounced back from the previous rally LH
5. Trend is mature enough
Seasonal Data
Dec 10 => Green
Dec 11 => Red
Dec 12 => Green
Dec 13 => Green
Dec 14 => Red
Dec 15 => Green
Dec 16 => Red
Dec 17 => Green
Dec 18 => Red
Dec 19 => Green
Dec 20 => Green
Dec 21 => Green
BAJAJ FINANCE DETAILED MACD ANALYSIS!! DISCOUNTED NIFTY 50 STOCKin this idea i will be explaining you the MACD analysis done by me. but firstly let me run you through the chart.
THE TREND LINES:
RED LINE: its the trend followed from past several years before the 2020 crash.
DARK BLACK LINE: it is drawn out from the market getting consolidated and from the bull rally post the corona's crash. its the actually trend which should be followed by the stock at present. this helps to determine how much is the stock discounted by.
BLUE LINE: this are the short term resistence followed by the stock.
EXPLAINING THE MACD ANALYSIS:
THE DARK GREEN sticks represents a bull momentum
THE LIGHT GREEN sticks represents the stock correcting, after having several dark green sticks
THE DARK RED sticks represents a bear momentum
THE LIGHT RED sticks represents the stock having an impulse move after the correction, and coming back to its original trend.
MACD ANALYSIS DONE IN DETAIL:
i have wrote down some numbers on MACD explaining my analysis(be with me till the end).
based on the numbers i will be writing the points:
NUMBER 1 REPRESENTS: the macd being always been in the green stick(light and dark), representing having a bull rally and a correction after it, but staying within the trend.
NUMBER 2&3 REPRESENTS: the 3 dark red sticks, showing the 2020 crash. now, since it has to be valued right, the minor red sticks showed an upward momentum to bring the stock again in its original trend.
NUMBER 4&5&6 REPRESENTS: the bull rally post the crash, and the correction followed by it. NUMBER 6 is also a major correction because of MAJOR FII STAKES SELLING.
NUMBER 7 REPRESENTS: a small momentum gained by stock after NIFTY 50 finished correcting, and had a bull rally(dated- 20th of June). and even including the stock split news. but this smal momentum had broken the blue trend line, showing a breakout, and a bullish sign. but from past 3-4 months the stock is following lower highs pattern, and it has sent to its previous red line trend. some possible reasons could be said, one of such could be current market conditions.
THE CIRCLED PART(in macd): but finally a red stick shown, had made me to think that instead of breaking the lower highs pattern, the stock is falling majorly, and reaching its greatest support of trend line(6560).
(average macd been followed by the stock was 90, and post corona it should be around 110.)
RSI:
the overall rsi indicator is slowly falling, showing that stock may not be moving as it was moving much before. but this can only be conformed seeing the sector growth.
WHAT AM I DOING: i will wait till the stock reaches bottom, and then start keeping a keen eye on its price movements, if its starts going up, i will make 3 positions 6560, 7300 and 8150(based on the patterns and trends). if falls, then cant tell, but one could then tell the stock is much undervalued. but this will pretty much not happen because NIFTY FIN SERV index, to needs to go up for a long. and same is for this stock.
THANK YOU FOR STAYING TILL LAST. I HOPE YOU LIKED MY ANALYSIS:)
DCX INDIA!! best to buy! A MULTIBAGGER STOCK!!great sector, great business model with good fundametals.
listed with 40% premium in its IPO lisiting.
great to buy. since it has broken the trend of lower higher and lower lows.
volume is also pretty high.
a small cap company, which could prove a multibagger in future.
DXY attempting a double bottom breakout.We just achieved a higher high on the daily time frame with DXy’s price action. Considering how long the history of the chart covers (several decades) the larger weekly and monthly time frames lower high/lower low & higher high/higher low sequences are probably more important for bull and bear trends than the 1 day is. So even with a higher high on DXY’s 1 day chart it will still just be another lower high on the weekly and monthly charts unless price action can get above this top green horizontal at $121. So even if DXY were to trigger this double bottom breakout and hit it’s full target of $117 it would still technically be a lower high on the macro timeframes unless it kept going and made it above $121. The current macro chart has been in a lower high/lower low bear pattern since the 70s if not much earlier. Considering the dollar has lost 97% of its purchasing power over the years and we just printed a ton of money and will likely continue to do so with inflation continuing to fly more and more out of control…it seems more likely that DXY’s price action does not get above $121 and instead forms yet another macro lower high before it turns back around. If we do trigger this double bottom pattern however then crypto will likely continue to see prices drop while it heads toward the double bottom target, since the DXY and crypto seem inversely correlated. *not financial advice*