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Marketstructure

#DXY Possible scenarioHello, traders. Let's take a look at the DXY chart and discuss the possible movements of this chart for the next couple of days. As we know, the price recently broke below an important bullish channel for the first time since July 4th when this major bullish run began. However, as you can see, it failed to break below the previous low, which has been identified as an important support level. Based on Dow theory, the bullish trend is still intact since we have not violated the most recent lower low. So, we currently have two conflicting signals. One is bearish due to the breakdown of the long-term bullish channel, while the other is bullish because the price hasn't breached the last low. Furthermore, following the rejection of the low, the price moved higher impulsively, suggesting that buyers are still active. This is another bullish indication. However, the formation of a descending triangle chart pattern, which is bearish in nature, provides a mixed signal. For trading and as a personal opinion, the current price area may not be the best entry point into the market. Additionally, any upside breakout of the triangle chart pattern could potentially be a false breakout and may not be an optimal trading opportunity. However, if the price retraces lower to test the previous low and fails to break below it, we might consider taking a long position on the US dollar. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
TVC:DXYLong
by mohemati
3
Mastering Market StructureBullish Market Structure: Bullish Vibes! It's all about making Higher Highs and Higher Lows. When you spot this pattern, you're riding the wave of optimism in the market, and it's your chance to seize the moment and soar with the bulls. Consolidation Market Structure: Consolidation Market Structure is all about lateral movement, where the market forms Equal Highs and Equal Lows. It's a phase of uncertainty, with neither bulls nor bears holding a clear advantage. Traders often await a breakout to determine the next market direction. Bearish Market Structure: Bearish Market Structure: Get ready for Lower Highs and Lower Lows. Sellers are in control, creating a solid downtrend. Traders look for short entry opportunities on retracements.
Education
by BlackWatch01
#Banknifty Trading Near Important Support ZoneOn Daily Timeframe, BANKNIFTY trading at important support zone. Time to wait for either breakdown or reversal for the Banknifty. Case 1: Consolidation Move - Banknifty can consolidate near this support level before the strong movement - Consolidation zone is nearly 500 points from 44000 to 44500 level Case 2: Breakdown Move - Confirmation for breakdown will be if Banknifty starts trading and sustain below 43500 level - Downside rally nearly 2500+ points expected in case of breakdown - Intermediate support expected near 42500 level - Short Trader can place there stop loss if banknifty starts trading above 44550 level Case 3: Long Side Move - Long side movement expected in case banknifty starts trading and sustain above 44550 level - Above this level banknifty can go upto the 46400-46500+ level. - Intermediate resistance expected near 45500 level - Long trader can place there stop loss if banknifty starts trading below 43500 level. To be continue. We will keep posting next update in comment section....
NSE:BANKNIFTY
by TradZoo
2
NZDJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart NZDJPY has been overall bullish trading inside that big wedge pattern; and it is currently retesting the lower bound / orange trendline. on H1: Right Chart For the bulls to take over, and activate our buy setup, we need a break above the last high in gray. Meanwhile, NZDJPY would be bearish and can still trade lower, especially if the 87.0 daily low is broken downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
#OIL buying opportunityConsidering the recent bullish momentum in the oil market, characterized by a clear market structure of establishing higher highs and higher lows while respecting to a short-term bullish channel, we anticipate that oil prices will rise from their current low, as depicted on the chart. In addition to the bullish channel, there are other bullish indicators on the chart. Notably, the 1-hour 200EMA (Exponential Moving Average) has consistently provided strong support during this recent bullish phase. Every time the price has approached this EMA, it has turned upwards. Furthermore, the current price level is situated within a 4-hour demand area, which further enhances the possibility of a bullish movement. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDELong
by mohemati
1
#AUDNZD selling opportunity Hello, dear traders and colleagues. I wish you all a successful trading week. Let's examine the AUDNZD chart to identify a potential selling opportunity. As you can observe, the price is currently testing the upper boundary of a bearish channel, which has been acting as a resistance following an extended rally. Recent price movements in the past two days show signs of exhaustion, further increasing the likelihood of a bearish move. Additionally, by examining the daily candlestick, you'll notice that we've experienced upside rejections in the last two days, indicating the presence of selling pressure. To initiate a sell position on this pair, we would prefer to witness another upward movement, aimed at clearing liquidity from above the horizontal arrow we've marked on the chart. Subsequently, we'll look for a break below the short-term bullish trendline that has kept the price elevated during the recent bullish movement.
Short
by mohemati
7
#GBPCAD selling opportunityHello, traders and friends. Let's analyze the GBPCAD chart, where we believe there might be a compelling selling opportunity. In the Daily timeframe, you can see that the price has already broken the market structure to the downside. Since the low formed on September 28th, we've been in what we believe is a bullish corrective phase. Consequently, we are now interested in a selling position. Switching to the 4-hour timeframe, we notice a double top formation that resulted in a lower low, indicating the possibility of bearish continuation, aligning with our higher time frame daily trend. Following this, the price has been moving upwards in a bullish corrective manner, forming a short-term rising channel. Last week, this channel also broke to the downside. In our view, this recent bullish movement resembles a liquidity-taking activity, and we are keen to observe any rejections from the level marked by the arrow on the chart, with the intent to consider selling. Additionally, we have identified several resistance factors within a small zone, including the 4-hour and daily timeframe 200EMA, a supply area in the 4-hour timeframe, and the previous high where many traders have placed their stop-loss orders just above it. This presents an opportunity for banks to potentially extract liquidity. If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
Short
by mohemati
5
Textbook bull trapThis is a well-known bull trap that whales use to earn money. 1st phase: They pump price hard, a big candle appears and people FOMO in. 2nd phase: They sell with benefits and people FUD, making price crash. Down there, whales accumulate again before pumping price again. 3rd phase: The 1st phase is repeated, they sell again up there with benefits and let it crash again so people sell everything and repeat in some days/weeks/months. It's during the 3rd phase that some people don't sell thinking that it will keep pushing up but it doesn't, making them sell at a huge loss, crashing price even harder. This bull trap is the beginning of a big crash. Get ready. *Not financial advice.
COINBASE:BTCUSDShort
by Andbcoin
#Oil buying opportunityHello dear traders and friends, I hope you are all having a great week. Let's take a look at Crude Oil prices, where it appears that the price has formed a support level around $80 to $82 after a 14% bearish move since the top formed in late September. In the 4-hour timeframe, we can observe that the price has already shifted its bearish market structure to the upside by forming a new high. What's particularly noteworthy is that this high was formed from a higher low, indicating that sellers were unable to push prices any lower despite the prevailing bearish trend. In the daily timeframe, things become even more interesting as the price has formed a significant bullish engulfing candle that has covered the last four daily candles. This suggests a high potential for upward movement. Additionally, in the 1-hour timeframe, we can see that the price is near a static support area, as indicated on the chart, and coincides with the daily central pivot area. This further supports the possibility of this area acting as a price low. Apart from the technical aspects, we are also aware of the ongoing tensions in the Middle East between Israel and Hamas. The potential escalation of conflict and involvement of other countries can have a positive impact on oil prices. Please also take a look at my other posted ideas which I'm sure you are going to like it and share your thoughts and feedback with me. Thank you.
CAPITALCOM:OIL_CRUDELong
by mohemati
Eur/jpy Buy setup 230 PipsWe are seeing aggressive buying power as market structure is still maintaining to upside ==> Daily timeframe price action is above the EMA's and we see wonderful rejection in the area of liquidity as support zone ==> Price is now bounding between to upper and lower limit of the accumulation zone, now come confirmation of buy after a fakeout at the bottom for a continuation to upside ==> Nice risk to reward but keep an eye on the upper bound limit for rejection that can invalidate the setup Follow me for more breakdown
Long
by ShinForex1
BTC - Critical Resistance ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst. BTC is currently hovering around a strong resistance zone and round number 28,000. 📈 For the bulls to remain in control, we need a break above 28,500. In this case, a bullish continuation till the 30,000 - 32,000 weekly resistance would be expected. 📉 Meanwhile, the bears can still kick in short-term and push lower till the lower bound of the red rising broadening wedge pattern. However, the bulls would remain in control medium-term as long as the lower red trendline holds. Which scenario do you think is more likely to happen? and why? 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
by TheSignalyst
23
EURUSD Waiting for the opportunity to sell downAt the beginning of the trading session on October 17 (Vietnam time), on the world market, the USD Index (DXY), a measure of the strength of the greenback compared to other major currencies, was at 106.21 points. , down 0.41% compared to the closing session on October 16. Meanwhile, the Euro increased 0.40%, reaching 1.0554 USD. The dollar steadied against the Japanese yen at 149.55 - close to the key 150 level. Some traders see the possibility of Japanese authorities intervening to support the currency's rebound. Last weekend, Japan's top currency diplomat Masato Kanda said the authorities would take appropriate action in the context of excessive fluctuations in the yen./.
Short
by Chart_MasterPro
1
AUDUSD AUDUSD is trending downAUD increased slightly on October 12 when Australian banks may increase interest rates to 4.35% Australia is committed to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic Dialogue. The above agreement reflects the strategic partnership between the two countries, emphasizing the important stable and reliable flow of energy resources, which may include sectors such as coal and liquefied natural gas (LNG)
Short
by Chart_MasterPro
#JPY upside potentialHi, dear traders and colleagues, Let's take a look at the JPY basket and analyze its potential implications in relation to other currencies. The Japanese Yen (JPY) has been weakening for a considerable period due to the policies implemented by the Bank of Japan (BOJ). However, given that we are now at the end of the hiking cycle in other central banks, it is reasonable to assume that the interest rate differential between JPY and other currencies will start to decrease. This shift could potentially lead to the JPY gaining strength. To support this hypothesis, we can examine the chart, where the price recently broke above a long-standing bearish channel with an impulsive move. This breakout suggests that there might be further bullish momentum in store. Another noteworthy factor that adds confidence to the authenticity of this upside breakout, unlike the previous false breakout marked within the box, is the current price action. During the previous false breakout, the price formed a V-top chart pattern, resulting in a bullish impulsive move followed by a bearish impulsive move. This indicated that the breakout was driven by news events and was not sustainable. However, in the current scenario, we see the price consolidating after the upside breakout and not immediately retracing back into the channel range. This gives us reason to believe that this breakout is more likely to be genuine and mature over time. Now, in terms of trading, an upside move in the JPY basket implies that currencies paired against the JPY are likely to face challenges and experience downside movements. This includes currency pairs like EURJPY, GBPJPY, CHFJPY, and so on. To identify potential entry points, we are currently monitoring two key areas. The first area of interest is marked by the arrow line, which points to yesterday's low. We are keen to observe how the price reacts around this level. The second area to watch is the 4-hour timeframe supply area, which coincides with the upper line of our bearish channel. This area could serve as a potential retest point for the price. Keep a close eye on these areas for potential trading opportunities, and remember to adapt your strategy as the market evolves. Happy trading!
FX:JPYBASKETLong
by mohemati
1