Reversal
EURJPY IDEA FOR SHORTHere is another trade a took this week,trading just this pair,took two buys and now a sell, had some plans on a eurusd but missed my entry for buy,and entry for sell happened in the middle of the night,it happens sometimes.Entered this trade on a retest of a HS pattern,HS means that a reverseal could happen so i took a sell here,red line is a multiple weekly candle close,lets see how this trade will play out
A possible EURUSD trend reversal Yesterday we saw a momentum move in the EURUSD, which broke above the previous high of 1.0645.
Thus, we have higher bottoms and higher tops of H1.
All sales should be closed and we are looking at buying opportunities.
The reversal has not yet been confirmed and there is no need to rush into new trades.
There will be suitable opportunities during a correction or after a break and test of 1.0700.
USDJPY - In for a short term correctionDollar is loosing steam this week after the huge push up we've seen recently,
Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support
It's a counter trend trade, so we have to be carefull, and expect less
The ascending pennant is a reversal pattern when it breaks, so, price might want to go get some suport, in this case, it could be :
- A fib level
- the longer term trendline (the green one)
- the 135.00 psychological level
Let's see what the market will do with my coins!!
Cheers everyone and trade safe!!!
NZDCHF 2H, Long Opportunity with Bullish Price ActionPrice action has been shaping up for another push upwards as we see price was moving correctively In a falling wedge structure which we know is a reversal structure in nature.
Price made a double double which impulsively broke upward forming a continuation correction which we should see further growth on NZD.
Find a entry that meets your trading plan.
Thanks
Trade Safe
ADA's bullish tripHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are going to buy ADA from the key reversal area. I expect at least 2.5% from the key reversal area, and we will take all the profit after the +5.45% move.
ADA Buy limit 0.3598
Stoploss 0.3532(-1.81%)
Target 1, 0.3691(+2.56%)
Final Target 0.3794(+5.45%)
Don't forget to hit the like button and follow to stay connected.
Could the USDCAD reverse?The USDCAD shot up, touched the 1.3665 (bottom of the resistance area), and formed an h4 pinbar, signaling a rejection of the resistance area.
The question now is, will the USDCAD break the upward trendline to signal a reversal? This could see the price trade down to the 1.3450 (round number level) and 1.3470 price level (50% Fibonacci retracement level) support area.
Buy the dipHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are going to BUY BTC from the key reversal area and I am expecting at least a 5% rise. If it breaks the 24215 Key area then it can move up to +15%.
BTC 22734 Buy Limit
Stoploss 22179(-2.43%)
Target 1, 23852(+4.9%)
Final Target 25171(+10.78%)
Don't forget to hit the like button and follow to stay connected.
GOLD - Shift In Momentum In Action! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
XAUUSD is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Reversal on NZDUSD?The NZDUSD found the 0.6190 price area on Friday and as the price rebounded from the support level, this formed a Bullish Divergence (the price formed a lower low, while the MACD formed a higher low).
Looking at the 0.64 price area as a possible target level for the reversal.
With the RBNZ interest rate decision due in the week ahead, this could provide an additional driver to the reversal.
accumulation toward potential daily bounceaccording to this swing level strategy we are coming off an oversold level but arent yet bullishly diverged. this is one way a daily bounce could happen. i drew wave cycles that match up how trend level zones could complete the dynamic rane oscillator. i would be long if we reach an oversold divergence in the support zone or if a reversal happens on a low 15 minute in the current price area. i would trade breakouts of a higher low multitimeframe long up to the daily, and i would also trade a bearish continuation pattern short on the weekly.