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CBG | Possible upcoming powerful 3-Drive Reversal PatternCBG | Thailand SET Index | F&B Sector | Chart Pattern Trading Price Action | Entry Position - Buy @ Breakout after pullback above Volume Profile Point of Control (POC) or EMA200 Chart Pattern | Possible upcoming powerful 3-Drive Harmonic Reversal Pattern Indicators: >RSI - Bullish Divergent >MACD - Bullish Divergent Speculative buy for bullish divergent along the way is also possible. Always respect your stop-loss Good Luck
SET:CBGLong
by dukeposh
US30 Analysis 1-27-22After the Fed announcement yesterday US30 has dropped significantly. Currently price seems to be retracing the move from yesterday. If price breaks the key levels leading up to market open there is a high chance the levels mapped out can be tested. Overall, I still believe there is more bearish momentum to come if price forms a level of resistance. I think price will retest the lows created from yesterday and might even create lower lows. Waiting until market open to see what price decides to do. 1. Price formed a low yesterday 2. Resistance has formed at this level. If price fails to break above, sell opportunity might be in favor for NYSE open 3. If price begins to break these lows, there is a high probability for price to retest the lows from yesterday and possibly create lower lows
UShort
by dreadhead4_life
GBPCAD: Trend-Following Trading Plan 🇬🇧🇨🇦 On today's live stream we discussed GBPCAD pair. The pair has recently violated key daily structure support to the downside. Retesting that the price started to coil within a narrow horizontal trading range on 4H. To catch a bearish move, wait for a 4H candle close below the support of the range. Then sell aggressively or on a retest. Initial goal will be 1.6865 In case of a bullish breakout of the resistance of the range, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
19
Confirming Trends with the Lower Time Frames GBP/USD ExampleHey Guys! As you guys know, I'm currently waiting for a pullback to the 1.3313 levels for a long entry on the GBP/USD. In order to know whether or not I will get this pullback, I look to the lower time frames to see how much long strength or short strength there is. Now in this case, I want price to come down to my entry level, thus am looking for signs of short term short strength on the lower time frames. As you can see in the chart, during the initial move long, there were constant signs of long strength on the 1h chart with the trendline break out, then immediate break back into the trendline. ( Immediate break back in means: the break out candle's close and the break back in candle's open is at the same price level) Almost giving the "sense" of a "fake" break out. Then at the peak of the long move, another 1h trendline had a break out, however no immediate break back in. Showing waning short term long strength. (A good thing for me!) Then soon after, a 4h trendline was broken out with no immediate break back in, showing waning long strength on the 4h chart also. Then to top it off, there was a 15m fake double bottom that formed igniting 15m short strength. ( I cannot go into detail about fake price patterns here. ) In this way, I use lower time frame break outs to confirm strength in either direction which by default, confirms which way price will go on the higher time horizons. In this case, I used this method to confirm whether or not I will get the pullback to 1.3313 for a long entry however, this method can also be used to confirm trends. For if a trend analysis says that the trend is long; the lower time frame's price action should move in a "long trend way". Just a cool trick for you guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
US30 Daily TF Analysis-SellsPrice is currently testing a level of support which is also where the 200 EMA. I anticipate that the market will reaction to this level and have a bullish pullback to build momentum for the NY session to retest the lows that were created during the NY session close. As long as price respects the market structure, the analysis should play out. This week the market has been bullish all throughout the London session and pre-NY open. Then in the afternoon 1-2pm Est, the market starts to continue the bearish momentum and takes out all of the bullish movement that was created. My bias is still bearish, its just a matter of waiting for the right time with volume in the market to execute. 1. Daily Candle closed above the 200EMA 2. Price also closed at a strong level of support 3. Structure was broken and price formed a new low 4. Price can possibly pullback during the Asian and London session to retest the support that was broken during today's NY session *If price breaks and closes below the 200EMA on the daily TF, there is a high probability that the market can continue bearish going into next week.
UShort
by dreadhead4_life
US30 Scalping setup for 01/20/22*Overall Sentiment is Bearish bc of interest rate talks. Price is currently in downtrend (Bearish) 1.Yesterday's NY session created a low 2. Resistance has formed since last two sessions, if price fails to break above 35244, it can continue bearish 3. If price breaks below 35108 and gives candle confirmation, price can retest the lows at 34990 to continue bearish trend 4.Price has been forming lower highs which indicates the bearish trend is still valid
UShort
by dreadhead4_life
1
EURJPY: Potential Long Trade From Key Level 🇪🇺🇯🇵 EURJPY is testing a strong confluence zone: we see a perfect match between a horizontal structure support & 382 retracement of the last bearish impulse. To buy with a confirmation watch a double bottom formation on 4H time frame. 129.9 - 130.0 is its neckline. Wait for a 4H candle close above that as your trigger to buy. Your first goal will be 130.7 level. If the price sets a new lower low on 4H, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
7
AUDNZD: Consolidation & Complete Indecision 🇦🇺🇳🇿 For the 4 consequent weeks, AUDNZD is consolidating. The pair is coiling within a horizontal trading range. From a current perspective I see two potential scenarios: In case of a bullish breakout of the range (candle close above 1.0645 - 1.0668) a bullish continuation to 1.073 level will be expected. In case of a bearish breakout of the range (candle close below 1.0566 - 1.059) a bearish move to 1.057 level will be expected. And while the market is staying within the boundaries of the range you either wait for a breakout or buy/sell its support/resistance. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
12
SYNGENE is about the break the trend line.NSE:SYNGENE The video is self-explanatory. Add this stock to your watchlist. Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. It is an analysis video. Take your decision on your own.
NSE:SYNGENELong
by Chartmaniac
SUMICHEM is about the break the trend line.NSE:SUMICHEM The video is self-explanatory. Add this stock to your watchlist. Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. It is an analysis video. Take your decision on your own.
NSE:SUMICHEMLong
by Chartmaniac
longA trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.And A Super Trend is a trend following indicator similar to moving averages. It is plotted on price and the current trend can simply be determined by its placement vis-a-vis price. It is a very simple indicator and is constructed with the help of just two parameters- period and multiplier.
BITSTAMP:BTCUSDLong
by harimahesh1410