USDJPY Entry Setup2 important orderblocks should be followed! risk is 50 Pips. and reward will be 300+ Pips. just have patience, this trade is only my analysis i don't give any signals and i don't share any my personal information.
Priceactionstrategy
EURUSD: Bullish Movement Continues?! 🇪🇺🇺🇸
EURUSD formed an ascending triangle formation
after a test of a strong intraday horizontal structure support.
Its neckline violation is a sign of strength of the buyers.
The pair will most likely keep growing, at least to 1.0678
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NZDUSD: Waiting For Confirmation 🇳🇿🇺🇸
I have perfectly predicted an intraday bearish movement after a breakout yesterday.
Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range.
The next bearish wave will be confirmed after a breakout of the support of the range.
4H candle close below 0.5808 will confirm a violation.
A bearish continuation will be expected to 0.8775 level then.
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CHFJPY: Top-Down Analysis & Pullback 🇨🇭🇯🇵
CHFJPY reached a solid horizontal daily support.
After its test, the pair started to consolidate on an hourly time frame
within a narrow horizontal range.
The support of the range was broken then.
It is an important sign of strength of the sellers
and it signifies a highly probable pullback.
Target - 165.63
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EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺
Even though, EURAUD is trading in a long-term bullish trend,
we can not deny the following bearish clues:
First, the pair violated a support line of a rising parallel channel and closed below that on a daily.
Second, the price formed a descending triangle formation and broke its neckline as well.
We have 2 important bearish confirmations now.
The market may easily drop lower.
Targets - 1.640 / 1.628
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4 Classic Bullish Patterns EVERY TRADER Must Know
In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument.
1️⃣Bullish Flag Pattern
Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within.
Bullish breakout of the resistance line of the channel is a strong bullish signal that can be applied for buying the market.
Best entries should be placed immediately after a breakout or on a retest.
Safest stop loss is below the lows of the flag.
Target - the next key resistance.
Here is the example of a bullish flag pattern that was formed on Gold on a 1H time frame. As you can see, after the breakout of the resistance of the flag, a strong bullish rally initiated.
2️⃣Ascending Triangle
Such a pattern forms in a bullish trend on the top of the bullish impulse. The market starts consolidation, respecting the same highs and setting higher lows simultaneously.
The equal highs compose a horizontal resistance that is called the neckline.
Its breakout is an important sign of strength of the buyers.
Buy the market aggressively after a violation, or set a buy limit order on a retest.
Stop loss should lie at least below the last higher low within a triangle.
Target - the next strong resistance.
Take a look at that ascending triangle formation on EURUSD.
Bullish breakout of its neckline was a perfect bullish signal.
3️⃣Falling Wedge
That formation is very similar to a bullish flag pattern.
The only difference is that the price action within the wedge is contracting so that the trend line of the wedge are getting closer to each other with time.
Your signal to buy is a bullish breakout of the resistance of the wedge.
Stop loss is strictly below its lows.
Target - the next key resistance.
GBPUSD formed a falling wedge on a 4H time frame, trading in a strong bullish trend.
You can behold how nicely the price bounced after a breakout of its upper boundary.
4️⃣Horizontal Range
Similarly to the ascending triangle, the horizontal range forms at the top of a bullish impulse in a bullish trend.
The price starts consolidation, then, setting equal highs and equal lows that compose a horizontal channel.
Breakout of the resistance of the range is a strong trend-following signal.
Buy the market aggressively after a breakout or conservatively on a retest.
Stop loss will lie below the lows of the range.
Target - the next strong resistance.
Dollar Index formed a horizontal range, trading in a strong bullish trend.
Breakout of the resistance of the range triggered a bullish rally.
The best part about these patterns is that they can be applied on any time frame. Whether you are a scalper, day trader or swing trader, you can rely on these formations and make consistent profits.
NZDJPY: Time to BUY?! 🇳🇿🇯🇵
NZDJPY is taking off from a solid rising trend line on a daily.
Testing that on a 4h time frame, the price formed a double bottom with a higher low.
Its neckline has just been broken.
I expect a further growth to 0.8715
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AUDCHF: Swing Short Explained 🇦🇺🇨🇭
On the today's live stream, we discussed AUDCHF.
The market is trading in a long term bearish trend.
In the middle of August, the market started a correctional movement
within a bearish flag pattern.
After the price reached the confluence zone between a horizontal resistance
and a falling trend line, the market dropped and violated a support line of the flag.
It will most likely push the prices lower to 0.5626 - current low.
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USDJPY: Consolidation & The Next Bullish Move 🇺🇸🇯🇵
USDJPY is currently consolidating within a horizontal range.
Taking into consideration the fact, that the pair is trading in a long-term bullish trend,
probabilities are high that the market will resume the growth soon.
Your confirmation will be a bullish breakout - a daily candle close above 146.6 - the upper boundary of the range.
A bullish continuation will be expected to 148.0 level then.
Alternatively, remember that the price may also drop from the underlined blue resistance and keep consolidating.
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Double Top breakdown in GLENMARK PHARMAGLENMARK PHARMA
Key highlights: 💡⚡
✅On1day Time Frame Stock Showing Breakdown of Double Top Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 710-.
✅Can Go short in this stock by placing a stop loss above 795+.
EURGBP: Time For Pullback 🇪🇺🇬🇧
EURGBP was falling for some time within a channel.
After a test of a key horizontal support, the price bounced and violated the resistance line of the channel.
It is an important sign of strength of the buyers and a highly probable bullish continuation.
Goals: 0.8615 / 0.8628
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Double Top pattern reversal in TVSMOTORS.TVS MOTORS CO
Key highlights: 💡
✅On 1 Hour Time Frame Stock Showing Reversal of Double Top Pattern.
✅ It can give movement upto the Reversal final target of below 1345-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 1290-.
Triangle pattern Reversal in GUJRAT NARMADA Gujarat Narmada Valley Fertilizers & Chemicals Limited
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of triangle Pattern.
📊 It can give movement upto the Reversal target of Above 606+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 665+.
📊 Can Go Short in this stock by placing stop loss below 570- or last swing Low.
GBPCHF: Bullish Outlook Explained 🇬🇧🇨🇭
GBPCHF formed an ascending triangle formation on a daily time frame.
Its neckline was broken on Friday and the market closed above that.
I will expect a bullish continuation on the pair.
Next resistance - 1.1225
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AUDCHF: Multiple Time Frame Analysis & Bearish Outlook 🇦🇺🇨🇭
AUDCHF has recently broken and closed below a major rising trend line.
We see its retest today.
The price formed a descending triangle formation on that.
The neckline of the pattern was broken.
It is an important indication of the strength of the sellers.
I expect a bearish continuation now.
Goal - 0.5872
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GBPJPY: Bullish Pattern... Again! 🇬🇧🇯🇵
No surprise, GBPJPY is trading in a bullish trend.
However, after the price reached, 183.77 level at the end of June,
the pair started to consolidate.
The market formed a cup and handle pattern on 4H time frame.
Its neckline breakout will be a very strong trend-following signal.
4H candle close above 183.88 will confirm the breakout.
A bullish continuation will be expected to 184.5 level then.
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BNBUSDT PeakedThe market peaked in a rising wedge pattern completing leg V of a major contracting triangle. Price action ahead is about to drop in a bearish impulse wave.
BTCUSDT Hypothetical scenarioHypothetical scenario for the price action based on a possible wave count aiming demand zones and important levels to watch during the expected price decrease.
EURGBP: Top-Down Analysis & Bullish Outlook 🇪🇺🇬🇧
EURGBP broke and closed above a solid falling trend line on a daily.
We see its retest now.
The price formed a double bottom formation on that
and violated its neckline with a high momentum bullish candle.
I expect a growth now.
Next resistance - 0.8622
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AUDCAD: Trading Plan For Today 🇦🇺🇨🇦
AUDCAD is approaching a key horizontal daily support.
Testing that the price formed a double bottom formation on 1H time frame.
0.9 - 0.9002 is its neckline.
If the price breaks and closes above that on an hourly,
I will expect a bullish continuation.
Goals will be 0.9023 / 0.904
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EURGBP: Your Trading Plan For Today 🇪🇺🇬🇧
EURGBP is consolidating on a key level.
The price formed a horizontal range on 1H time frame.
To buy the pair with a confirmation, I would suggest looking for a breakout of the resistance of the range.
4H candle close above will confirm a violation.
Buy aggressively or on a retest then with initial target - 0.858 level.
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GBPAUD: Structure Based Setup 🇬🇧🇦🇺
GBPAUD formed a tiny head and shoulders pattern on a solid horizontal intraday supply zone.
I expect a bearish move from that area.
Goal - 1.8596
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AUDCAD: Short From Key Level 🇦🇺🇨🇦
AUDCAD was steadily growing within a rising channel after it set a new lower low around 0.88 level.
The price reached a key horizontal resistance on Friday.
After the test of the underlined blue zone, the market dropped and violated a support line of the channel.
I expect a bearish continuation now.
Goals: 0.8837 / 0.88
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