TENCENT Peak Formed YesterdayRecent short term rebound shows peak sign yesterday with morning price surge erased in the afternoon. Which indicates selling pressure are coming back after rebound.
We entered into a Callable Bear Contract yesterday at the peak with the analysis of current downtrend reacts more sensitive to sign of selling pressures. Which we see a possible short term price down coming up.
While there are no sign of supporting at the bottom in the past few months of price down. We might see downtrend to continue.
What is Callable Bull/Bear Contract?
Is a structured product like warrants & options. It is similar to Daily Leverage Certificates (DLC) listed in SGX. It provides leverage on underlying securities while limiting the risk to the trade value. At the same time it provides unlimited returns potential at a lower price per units.
However, do take note of the "knock-out" feature when the underlying securities hits the contract strike price. Contract suspend & not able to "revive" after, the losses are limited to the amount you trade on the contract.
About our analysis :
Utilizing the dynamic insights from a 5-minute chart. By closely examining this timeframe, we dissect the intricate volume and price transactions of significant market players. Our aim is to identify short-term support and resistance levels, enabling informed trading decisions. Through this meticulous analysis, we decipher price patterns and trends, providing valuable guidance for traders navigating the fast-paced realm of stock trading.
Peakformation
EUR/CAD Short setupHere is a potential short setting up. I think it will be a while until price gets there if it choses to push up. It looks very similar to GBP/JPY but a few days ahead. I'll break down the similarities in the future. There were levels that were hit and price barely missed this last level before turning down. This level is still in play and I will be paying close attention in the coming days. FX:EURCAD
EUR/AUD UPDATEThe game plan is still the same. The only difference is that a level was recently added. 1.65556. If this level is reached, I believe that there is a good chance that price will reverse from there or not go too far if it price goes above. It may not get there at all and that's fine. I'm still selling at the bottom two levels if price gets to those. FX:EURAUD
AUD/USD UpdateNothing much has really changed since my first posting on this. Price has hit my first two levels and since then been skirting on top of them for a while. So the levels underneath are still at play. Price hasn't moved up enough to invalidate them. Maybe it will push up soon. If it does, I will go short from my short zone. If price goes lower, I'm interested to see how quickly it goes lower. If it trends down a great distance within a week, I will definitely go long. FX:AUDUSD
GBP/JPY Short setup. I'm a bit late on this one since I haven't been working on any JPY pairs. But I'll start. My first level was reached and there has been a push down from it so far. Not sure how deep it will push for or for how long. I marked the first level retrospectively but as you can see from my past postings, I always draw the zones out like that. I will be paying attention to the next level. If price gets there soon, I will be sell the market from there. I think price will drop and fluctuate before getting there but if it gets there sooner, that's better. It might not get there at all and that's fine. There will still be opportunities later or elsewhere. FX:GBPJPY
A diamond is about to shine!The price action is printing a peak formation making an iv wave of a potential expanding diagonal ending. This contractive path suggests a possible diamond pattern to be formed, in which structure price can form a counter triangle. The expected swing down tends to led the price to extend an 2.618 Fibonacci ratio of a potential Harmonic Bat C-D leg @ pivot support level, as shown on this chart.
USD/CHF Possible PeakWe are are pushing up into new yearly highs. Price has nibbled through a few times from what it looks like from the three push pattern. It was good for a 150 pip drop. Sellers who took their profits are good. What about the sellers who anticipated a further drop and held on? They are in serious heat right now and trailing/break even stops have been hit. Now we have another pattern presenting a selloff even though we are witnessing previous sellers taking heat. These sellers will get let out. But not soon. Damage have to be done first. It could take days or weeks. Very rarely we screw up that bad to be right back into profit the next day or two. Also we still have sellers from end of day pop ups who haven't taken much heat. They guys will be targeted in the coming days. Then breakout buyers will be rewarded and taken sideways again. FX:USDCHF
USDCAD PFHGood morning traders,
So yesterday, I did post an idea about the usdcad going higher, how ever, I woke up this morning morning and noticed a PFH has been printed.
Which has dramatically changed my bias on the direction.
USDCAD is now a clear short to me, would be looking to enter on a pullback.
As always, keep the risk managed!
Cheers :D
(SELL, 1HR) GBPCAD Swing Move Sell To 50 Retracement - peak of week high and low established
- tp: 1.70311
- sl: 1.71756
- right time to take move would have been during the asian session but momentum is still evident
- take profit expected to hit on Friday
- risk/reward: 1.46
- pips gained: roughly 800
Trading Bottom/Top Finder Bitmex XBTUSD Bitcoin SignalsBottom / Top Finder just gave the signal to go long a couple hours ago, and already have topped out over a 4.0 risk/return ratio! With no top signal yet, we are holding the position for proper exit.
Both false signals shown could have been exited in profit but since the indicator did not signal it, we consider it a stop loss hit for those 2. (17/19 correct is pretty good - 89% win rate!)
As you can see if you zoom in - marked entry/exit targets are not based on absolute high/low of the candle. I try to place them in a somewhat realistic context to show more accurate results (what a concept!).
Trials are available, and we are currently running a 25% off sale! (no subscriptions - you buy it - you own it FOR LIFE!).
Bottom Top Finder 2.7 will be released next week adding more user customization and multiple time frame signals!
Peak formation in a descending channel We have a trend line structure in this setup, a descending channel. On the 240, we have a M peak formation at its 2nd leg, and in that 2nd leg, we also have a M formation on the 15-min, a timeframe that I use to enter my trades.
CADCHF is then a pretty good short opportunity. I'll be short from 0.7815 and I'll have a SL around 0.7825. If the trade hits my SL, I'll get back in according to my strategy.
TP1: 2.1 RR
TP2: 3.5 RR
Extended target: 15.5 RR
Total Risk: 21+35+155/10+10+10 = 211/30 = 7.03 Real Risk/Reward
Aggregate Risk: 2.1+3.5+15.5 = 21.1 Reward if all TP Hit.