Get started

Reversalpattern

GBPUSD | Perspective for the new week | Follow-upAccording to recent data from the UK's National Statistics, the second-quarter Gross Domestic Product (GDP) registered a 0.2% QoQ growth, aligning with the initial estimate and continuing the trend from the previous reading. Dive deep into the market dynamics as late-week price action propelled Cable back to the opening levels of the previous week, hovering around $1.22600. Intriguingly, the GBP's recent sell-off appears oversold, hinting at potential corrections. With a potentially bullish close for the week, the market is showing signs of strengthening correction risks, possibly extending gains to 1.2350 in the short term. Yet, the GBPUSD pair faces challenges amidst the dominant US Dollar. GBPUSD Technical Analysis: Will the pound find solid support at the $1.21100 zone, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. Keep a close eye on that critical confluence at $1.22600. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
1
E9 ERASER PATTERN Naming this the E9 Eraser Pattern as it literally erases traders out the game... Impulse leg creates a peak with liquidity pool above the peak, this area (usually the wick area) is eaten into signalling to go short, as price moves in that direction price is sharply reversed after an internal structure break, trapping said short traders. As price breaks/pushes out of the prior Initial high, triggering buy stops / stop losses, once again we can expect price to sharply reverse. Ideally we will see an OVERWATCH candle signal print, signalling potential reversal pattern in play.
COINBASE:BTCUSDEducation
by TraderE9
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn the world of precious metals, gold is facing a delicate balancing act. Recent economic data from the United States has added a layer of complexity to the gold market. The ISM Manufacturing PMI for August surprised many by exceeding expectations, while the U.S. jobless rate edged up to 3.8% while the NFP data slightly surpassed predictions. Wage growth, though still expanding, has slowed its pace. These mixed signals in the U.S. job market have cast uncertainty over the upcoming Federal Reserve interest-rate decision, scheduled for September 20th. Fed Chair Jerome Powell's remarks at the Jackson Hole Symposium emphasized that policy decisions would hinge on incoming data, especially considering the evolving relationship between inflation and employment. In this landscape of economic flux, gold finds itself at a critical juncture, hovering just above the pivotal $1,900 threshold. Investors are eagerly awaiting clearer signals, and the precious metal's next move remains uncertain. XAUUSD Technical Analysis: In this video, we delve into XAUUSD from a price action-based technical analysis standpoint. By analyzing historical price moves, market behaviors, and buyer-seller dynamics, we extract insightful cues. The $1,950 zone will take center stage. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of both the descending trendline and the $1,950 level could incite a strong uptrend continuation. However, if selling pressure persists below the $1,950 then some short-term selling opportunities could take center stage to trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
WIPRO: PICK OF THE YEARWipro Looks Great with Technical Analysis! There are a lot of hidden reasons for selecting Wipro as the Pick of the Year. Let me show you: First, Wipro and Nifty Ratio Chart This is a hidden Information, and see how chart is taking support Secondly, Wipro and NiftyIT Ratio Chart Again a hidden information and See how Wipro is taking support in this also Both of Above information suggesting a good support after a long time in Wipro And this support can give you the best investment price. Third, watch how Wipro is taking support on Monthly chart It was a resistance trendline where Wipro gave a breakout few years back and now it is retesting those levels, and is consolidating. This can be a good Demand Zone and we can expect a price reversal Also, if you notice the previous Wipro High, It is giving Wipro a Horizontal Support. And the best part is, the level is 0.618 Fibonacci Zone, that too in a Monthly Chart. Fourth, Fundamentals are still great with Profits increasing every year. FIIs and DIIs have increased there stakes in the company last quarter, so this information can be a highlight for us to invest in WIPRO. With all these analysis, I think Wipro can be a very good reversal stock for next few months, and we can see a good up move in Wipro. This all reasons make me pick WIPRO as the PICK OF THE YEAR. What do you think about this idea?
NSE:WIPROLong
by NikunjBangad
7
Confirmation & Time to enter for reversal! (Update to last post)Time Frame: - 4HR analysis - 15min Confirmation for Entry As mentioned in my previous post titled “Clear Head and Shoulders Long or Short term play”, we were waiting for an entry signal into our H&S trade. This signal could come in many ways but in my strategy, once a larger time frame (2Hr-1day) supply zone is hit, I then turn to the lower time frame and wait for a bearish signal (typically a CHoCH (major or minor)) and thereafter identify the LTF supply zone that caused that CHoCH. Reaching that supply zone is our signal to enter and we therefore have a tight and calculated stop loss with a stronger R:R. We have now broken previous structure and are considered in a LTF downtrend (with a lower high and lower low) and can begin our descent toward breaking through the H&S neckline and the important trend line that is holding us up. My trade plan is as follows: Stop Loss – Above LTF Supply zone (higher R:R), Above right shoulder/previous higher high (lower R:R) Take Profit 1 – Neckline of H&S = 8.32 R:R Take Profit 2 – Trendline bounce/break = 12.5 R:R (or 6.6 with higher stop loss)
Short
by ReigningTrades
USDJPY | Perspective for the new week | Follow-upIn Japan, the Bank of Japan's Governor Kazuo Ueda highlighted that underlying inflation remains slightly below the 2% target during a Federal Reserve research symposium. This observation reaffirms the central bank's commitment to maintaining the current monetary policy approach. Despite core consumer inflation in Japan hitting 3.1% in July, companies passing on higher costs have sustained inflation above the 2% target for the 16th consecutive month. Meanwhile, in the U.S., Federal Reserve Chair Jerome Powell's recent speech at the Jackson Hole symposium solidified the Fed's intention to uphold a 'higher for longer' outlook on interest rates and bond yields. This stance is a boon for dollar enthusiasts, especially considering the contrasting economic scenarios. The U.S. economy is exhibiting robust performance, with the latest Atlanta Fed tracking estimate indicating a near-6% annualized growth rate. The widening short-dated yield spreads, which often influence exchange rates, favor the dollar over the Yen in recent weeks. This shift enhances the potential for the dollar to ascend into a higher trading range relative to the Yen. As we navigate the upcoming week, it's crucial to consider these significant market drivers. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is still within the key zone of 146.500, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
HE- Hawaii Power responsible for the fires LONGAs seen on the 2H chart HE has been trending down since July 28th and the recent earnings miss and devastating fires caused by faults in its electric distribution system. There will be lawsuits which will drag on for years. No matter this is a regulatory protected monopoly. It will be rescued by the consumers through the regulators. Price is reversing to the upside. Price is now at or above the POC line of the volume profile I will take a large long trade. If you want my ideas as to a stop loss and targets or the selected call option, please leave a comment. As an aside profits in this trade will be donated to the survivors and victims of this unnatural disaster.
NYSE:HELong
by AwesomeAvani
6
Ethereum -> Is This Still Bullish?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪 If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle. With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here. Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
25
BA VWAP bounce LONGBA on the 1H chart put in a double top. Given the heavy volumes on the volume profile, BA was shorted heavily at the top. Those shorts have rode the profit train down to the mean VWAP. At this point they are buying to cover and taking profit and are joined by new buyers. BA has reversed and pivoted up. the MACD is confirmatory. Volume is adaquate and steady albeit without any spikes. BA is a low mover. Price has about 5% upside to the double top and POC line of the volume profile. This is most suitable for a call option trade to follow this megacap up. Please leave a comment if you would like to query my ideas as to a good option for this trade.
NYSE:BALong
by AwesomeAvani
USDJPY | Perspective for the new week | Follow-upThe USDJPY landscape is a complex interplay of monetary policy divergence between the US and Japan, actively influencing the Yen's weakening. Yet, optimism surrounding the peak of US interest rates introduces an intriguing caveat to the Greenback's ascent. Federal Reserve minutes unveiled this week emphasize a consensus among committee members about "significant upside risks to inflation", amplifying the allure of further tightening. Amid robust economic data – particularly retail sales – a compelling case for heightened tightening unfolds. Meanwhile, market participants exercise caution, mindful of potential FX intervention by the Bank of Japan (BoJ), evoking memories of last year's intervention triggered by similar price action levels. The yen's depreciation heightens vigilance, with traders poised for possible Japanese authority intervention. As attention shifts to Jackson Hole, Wyoming, where top central banks gather annually, all eyes are on Fed Chair Jerome Powell's upcoming speech. Anticipated next Friday, Powell's address is a golden opportunity for insights into the interest rate outlook, potentially laying the groundwork for the Fed's next policy steps. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is still within the key zone of 145.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
3
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with an ascending neckline extension. An anchored VWAP is added. Price is currently in the deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside in the area of the mean VWAP. The second target is the confluence of the July 10 pivot , the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red line) at the area 12.5. This is about 35% upside. I will take this swing long trade and investigate a suitable call option as well.
H
by AwesomeAvani
BTBT reversal pattern from deep oversold territory LONGBTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier today. I see this as an early reversal for a long trade setup with the first target the mean VWAP at 17% upside and the second target the pivot highs of August 1st at 35% upside while setting a stop loss @ 2.52. I have profitably traded BTBT in the recent past. I see the opportunity to do so again. If you would like to know my call options contracts on this, please leave a comment. These are very suitable for those with small accounts focused on realtively high potential profits using a very small portion of the account in tight risk management ( Please like an follow)
NASDAQ:BTBTLong
by AwesomeAvani
XAUUSD | Perspective for the new week | Follow-upIn the current scenario, the gold price shows underlying support, but a confident reversal necessitates navigating several crucial filters. Currently, XAUUSD faces selling pressure due to a higher-than-expected US Producer Price Index (PPI) and modest Consumer Price Index (CPI) rise in July. While a recovery attempt has been made, uncertainty persists due to concerns about lingering inflation, especially in rental prices. Though both consumer and producer inflation rose in July, it's insufficient to prompt the Fed's further interest rate hike in September. This environment contributes to a challenging week for gold, with a stronger dollar and elevated bond yields impacting its performance. For a substantial gold reversal, it's crucial to traverse filters, especially in anticipation of US economic indicators like the consumer price index and FOMC minutes. Despite a recent Fed stance against lowering rates, gold's outlook remains promising in the coming week. XAUUSD Technical Analysis: In this video, we delve into XAUUSD's price action, decoding accumulation and distribution patterns. By analyzing historical price moves, market behaviors, and buyer-seller dynamics, we extract insightful cues. The $1,910 level takes center stage. Its historical significance makes it a crucial point. If buying momentum sustains, a bullish week could unfold. However, the $1,910/$1,900 breakdown might trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more exciting content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry