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AUDCHF Heading to the downside? (FUNDAMENTALS)Hey Traders, AUD is showing weakness as the RBA are ready to start hiking rates, this data is usually already priced into the market but it is the meeting minutes which indicate where we are heading into the future. Also expecting lower retail sales data later in the week. CHF is looking rather bullish, on the other hand with not much room for the Monetary Policy to ease the outlook is rather Dovish. The data releases do remain weak but with stocks heading lower I can see money flooding into the CHF. As you can see by the chart, we have formed and broken a clean flag pattern on the 4h timeframe. Keep an eye on how this chart runs and the reaction to the interest rate hikes by the RBA. Good luck traders!
Short
by the5erstrading
1
USD/JPY (Cypher Pattern) 1HRPAIR: USDJPY TRADE: CYPHER PATTERN POSITION: SELL TIME-FRAME: 1HR -------------------- Good morning from my side of the world Star Traders. Today I'm keeping an eye on an intraday opportunity, to sell the USD/JPY in the form of a Cypher Patter. Have a great week trading, please be safe, always. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Short
by Phil_C
AUD/USD (Bat Pattern) 1HRPAIR: AUDUSD TRADE: BAT PATTERN POSITION: SELL TIME-FRAME: 1HR -------------------- I forgot to publish this idea and we're at market for a nice Bat Pattern here on the AUDUSD. Looking for a little move towards the downside into double targets here on the Aussie. <3 -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Short
by Phil_C
Glmr/usdt symmetrical triangle H/S ideawhat we have here is a winning trade. i planned on buying at the lower trendline. I did not open the trade based on what bitcoin. we all know btc is the driver of the show. when btc dips 3% altcoins dip15%. so yes i had fear of losing money, a trait that needs to be eradicated when putting on a trade. kill all fear doubt and uncertainty. Moving along... now we have a new idea in motion. with the breakout of the symmetrical triangle. The strategy here is buy the BCR (BREAKOUT,CLOSE,RETEST). WE Buy the re test of the breakout of the symm triangle. good luck and i plan on posting more set ups...
Long
by SCI_Group
GBP/USD (CYPHER PATTERN) 15MPAIR: GBPUSD TRADE: CYPHER PATTERN POSITION: SELL TIME-FRAME: 15M -------------------- I trust everyone has had a wonderful weekend and are ready to get back into the charts, for more opportunities that may present themselves this week, moving forward. Potential Cypher Pattern here on the 15 minute. This is an intraday opportunity, in the form of one of a Cypher. Also one of my favourite pattern setups. I find it difficult to post every setup here, however, I'll always continue to do the best I can, sharing my thoughts, feelings and actions within the market. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Short
by Phil_C
AUD/CHF Posssible short opportunityRULES WHICH I FOLLOW: 1.) stop loss for each trade should be about 1% of total account balance. 2.) take profit for each trade 1% - 2% 3.) Max daily loss 5% of total account balance 4.) Max lose 10% of total account balance 5.) Leverage 1:100 "RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK" This post is not an investment advice. "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
Short
by ArmaTrader97
What is Rising Wedge pattern and how to trade with that?The Rising Wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when price is bound between two rising trend lines. It is considered a bearish chart formation which can indicate both reversal and continuation patterns – depending on location and trend bias. Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish in nature (see image). HOW TO IDENTIFY A RISING WEDGE PATTERN ON CHARTS The rising wedge pattern is interpreted as both a bearish continuation and bearish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain a different set of observation dynamics which must be taken into consideration. Reversal Pattern: Established uptrend Rising wedge consolidation formation Linking higher highs and higher lows using a trend line assembling towards a narrowing point Look for break below support for short entry Continuation Pattern: Established downtrend Rising wedge consolidation formation Linking higher highs and higher lows using a trend line assembling towards a narrowing point Look for break below support for short entry How to trade with this: *Entry Point: Right after the candlestick breakout of the support. *Stop-Loss: At the highest resistance level of the Wedge pattern. *Take-Profit: From the entry point, the distance is equal to the maximum width ( H ) of the rising wedge pattern. This is the academic shape of this pattern, in the future we will publish Falling Wedge pattern 📚 . Please follow our page to be informed as soon as the materials are published. Thank you all for supporting our activity with Likes 👍 and Comments ❤️
Education
by NamchaTa
4
ETHUSDT is testing the weekly support The price bounced to 0.618 Fibonacci level on the daily timeframe (2900) and now the market is testing the previous daily support case for new resistance. on 4h Timeframe, the price created two M patterns and the price is testing the second neckline above the 3100 How to approach? IF the price is going to lose the weekly support and retest it as new resistance According to Plancton's strategy , we can set a nice order Be aware to False breakout ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
This could be XAUUSD 's golden year!2011 marked a huge accomplishment for Gold peaking at 1920. This peak was made possible fundamentally due to inflation brought on by the sub-prime 2008 crisis. After peaking around 1920 back in 2011, Gold resumed to drop for a consistent 2 year period until 2013. Between 2013-2019 Gold was trading within a triangle consolidation pattern that broke up June 2019. Between 2019 to today Gold is trading in a technical weekly up-trend with higher lows. On my previous bigger picture review of Gold when it was trading around 1800 back in 2020 - I've covered how Gold may continue to rally long-term with consistent new highs. Gold resumed to rally after my idea was published and peaked at around 2080 just a couple month later, August 2020. After peaking August 2020 - It resumed to trade down until November 2021, when for the first time we had a higher high on a weekly close. Since November 2021 a consistent up-trend is ongoing, which started from a double bottom forming around the breakout which is also the weekly support stretching since 2018 connecting lows. Most recently we have a weekly close above the previous high of 2011 (1920) and connecting highs stretching back a year to early 2021 , also at around 1920 - Together making up very bullish indications, which means a new all time high is targeted. If this week closes above 1945, expect an extremely strong start to the week for Gold , with 1960, 1980 and 2010 as immediate possible targets. Inflation , uncertainty , pandemic, war - All bullish factors supporting the bullish technicals reviewed on this weekly chart. Please like and subscribe if you like my point of view , thanks!
OANDA:XAUUSDLong
by Exactus
S&P500 - NEARING CORRECTIVE RALLY ENDThe FOREXCOM:SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low. Today we have 2 levels to watch. Option 1- Temp Bullish. This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely. Option 2 - Corrective move finished. This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern. Either way we are nearing a top or its already in. I hope this helps. Let me know your thoughts.
FOREXCOM:SPX500Short
by L_F
What is Head and shoulders pattern and how to trade with that?*The Head and Shoulders ( Bearish ) pattern is one of the most popular and best known price patterns in trading. This is a very accurate trading signal if you know how to use it properly and flexibly. *What is Head and Shoulders? How to identify and characterize Head and Shoulders is the name of a special type of price pattern that usually appears at the end of uptrends. This is a signal of future downtrends. It is called Head and Shoulders because the shape of this pattern on the price chart is similar to that of the human body including Left Shoulder, Head, and Right Shoulder. The line connecting the two troughs of the shoulders is often called the neckline. In fact, this pattern is perfect when the Neckline is horizontal (the prices of the two lows are approximately the same). How to trade with this: ENTRY POINT : Right after the candlestick breaks out of the neckline (or at the Retesting the neckline ) STOP-LOSS : At the peak of the right shoulder. TARGET : Usually, Head and Shoulders is a pattern for starting a downtrend. Therefore, adjust the first target to the height of the neckline to the top (H) of the pattern and adjust the next targets according to the past price and chart. This is the academic shape of this pattern, in the future we will publish other types of head and shoulder patterns 📚 . Please follow our page to be informed as soon as the materials are published. Thank you all for supporting our activity with Likes 👍 and Comments ❤️
Education
by NamchaTa