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Reversalpattern

USOil | New perspective for the week | Follow-up detailThe OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day hereby bringing the total volume of cuts by OPEC+ members to 3.66 million bpd according to Reuters calculations - a whopping 3.7% of the global oil demand. The latest reductions have a strong potential of lifting oil prices to new highs. In this video, we looked out for the possibility of taking advantage of any potential move in either direction. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
COINBASE:ADAUSDLong
by haroonsiddiki
AUD-USD: POSSIBLE REVERSAL| SHORT SETUP| HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. AUD-USD Forex pair is moving in a Bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish Bat Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bearish movement of the instrument till PRZ.
Short
by haroonsiddiki
USDJPY | Perspective for the new week | follow-up detailsIt was a rollercoaster of buys and sells during the course of last week's trade session as price action traded around the key level identified around the 131.000 level to emphasize a level of indecision in the market. Japan CPI inflation dips from over 40-year highs in Feb and the reading was at its lowest level since September 2022 but was still well above the BoJ's annual target of 2%. Readings came in at 3.3% down from 4.3% in the prior month... Next week is coming with a couple of fundamental activities that will bring some liquidity to the market; from the BoJ governor's press conference about monetary policies in Tokyo to the GDP data from the US docket. In this video, we technically analyzed the market structure with the intent of identifying potential trading opportunities in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
XAUUSD | New perspective | follow-up detailsThe gold struck a fourth straight weekly gain, settling within a strong psychological range of the $2,000/$1,935 as heightened inflation worries coupled with the banking crisis in the US and Europe limited the growing potential of the Greenback hereby making the Gold a safe haven for market players. In this regard we scooped over 1,500 pips during the course of last week's trading session (see the link below for reference purposes) to end last week on a profitable note. In this video, we analyzed the current market structure from a technical standpoint with the hopes of taking a position ahead of the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
2
GBPUSD | Perspective for the new week | Follow-upFollowing a profitable week for us, the Pound tested a seven-week high of the 1.23500 zone during the course of last week's trading session. The BoE raised interest rate by 25bps on Thursday to a new 15-year high of 4.25%, an attempt to tame double-digit inflation in the UK and the Sterling rose 0.5% against the dollar on the back of the news but was unable to hold the momentum as price action broke down the trendline that has been supporting the bullish momentum in the last couple of weeks. The Dollar steadied as a result of this development as confidence in the banking sector remained fragile. In this video, we analyzed the charts from a technical standpoint to figure out tendencies of price action in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
USOil | New perspective for the week | Follow-up detailFollowing the massive slide couple of weeks ago; we scooped over 800pips profit as the US oil finished last week's trading session up approximately 4%, after factoring in gains from the first four days of the week. This indicates consolidation and the possibility of a technical rebound, which has immediate resistance at both the trendline identified on the 4H timeframe and the swing high of the $71 zone. In this video, we analyzed the current market structure with the intent of identifying the potential direction of price action in the coming week(s). 00:40 Reference to last week's daily commentaries and results 04:50 USOil Technical analysis on Daily chart 10:20 USOil Technical analysis on 4H Timeframe against next week 12:38 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
PBYI a speculative biotech LONGPBYI according to the recent earnings as no earnings nor revenue. This is typical in the biotechnology sector. This 4H chart shows a consistent downtrend with a couple of minor pullback corrections shown with a Doji followed by a green engulfing candle but with low volume and the K/D lines of the MACD did not on the histogram. In the present, the volume pattern shows relatively high selling volume then reversed to buying volume which is above the moving 50 period average shown as the green horizontal line. Moreover, in this episode, the MACD/Signal lines have crossed and curled up. The histogram has sent positive after being negative since early February. I interpret this as being an early reversal now ripe for entry. Just like in nature, the early bird gets the worm. Buyer beware biotechnology stocks that have market cap based on high potentials are speculative but potentially offer high rewards. I see a reasonable target as a 50% retracement of the downturn or about $ 3.50 ( this is less than the upside of some analysts ) PGYI is up 10% today. the train is leaving the station with momentum. I see a potential takeover or a low float short squeeze. (See also the link below )
NASDAQ:PBYILong
by AwesomeAvani
US 30 ASIAN BSL SWEEP SHORT SET - UP ICT SMC BASED TRADE 1:7 RRHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE DOW DURING LONDON SESSION. US 30 BUILD LQ DURING ASIAN SESSION LOOKING FOR A SWEEP OF THE BUY SIDE LIQUIDITY. * Also looking to take yesterdays highs before looking to target sell side liquidity on the DOW. * Should this happen looking for entries short with the ICT 2022 entry model. * Targeting the Asian sell side LQ. -This would be an ICT JUDAS SWING SET UP * Overall target will be the DAILY OPEN. * + RSI DIVEGENCE CONFLUENCE lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA DAY SESSIONS TRADE
UShort
by PULEMokhothu
6
📉Bearish Reversal Patterns & Showcase📉What are Reversal Patterns? In trading, candlestick patterns are used to analyze the behavior of the market and identify potential opportunities to enter or exit a trade. Reversal patterns and continuation patterns are two types of candlestick patterns that traders look for. Reversal patterns are characterized by a change in the direction of the trend. These patterns indicate that the market is likely to reverse its direction and move in the opposite direction. In contrast, continuation patterns signal that the trend is likely to continue in the same direction after a temporary pause or consolidation. Reversal patterns usually take longer to form than continuation patterns because it's easier for the market to continue moving in the same direction than to change course. For example, if sellers are pushing the market lower, it takes more effort for buyers to turn the market around and initiate an uptrend. A reversal pattern may occur after a period of strong selling or buying pressure, as traders become exhausted or the market reaches a key support or resistance level. Once this happens, traders who missed the initial move may see an opportunity to enter a new trade in the opposite direction of the previous trend. However, for a reversal pattern to be considered valid, there must have been a previous trend in place. A sideways market cannot be classified as a reversal because it doesn't reflect a change in trend direction. Traders typically look for confirmation of a reversal pattern, such as a breakout from a trendline or a significant price movement in the opposite direction of the previous trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
How to Spot a Reversal Pattern: A Short-Term ETHUSD TradeHey traders, are you ready for some action? 😎 The RO Flash indicator is flashing green, which means we could see some bullish momentum soon. We’re also nearing the end of a falling wedge pattern on the 1H chart, which is a classic reversal signal. I’m aiming for a 5% profit on this trade, because I like to keep it simple and realistic. 😉 This is the third time we’re bouncing off the 236 Fibonacci level on the 4H chart, and we’re still in a nice .272 retracement zone on the 12H chart. So, what do you think? Will ETH break out or break down? I’m betting on the former, because I’m feeling lucky today. 🍀
COINBASE:ETHUSDLong
by AnkerElite
USOil | New perspective for the week | Follow-up detailFollowing approximately 2,000 pips in profit last week (see link below for reference purposes); we took a fresh new look at the chart as US Oil prices hit their lowest point since December 2021. I think the slump in oil prices this time, had little to do with supply-demand but more with the crisis of confidence at banks that provide the liquidity for trading this commodity and the potential interest rate hikes by the Federal Reserve have also led to fears that the US economy could end up in a recession. In this video, we took a technical dissection of the current market structure and identified a simple structure that we shall be using to guide trading activities in the coming week(s). 01:00 Reference to last week's daily commentaries and results 04:20 USOil Technical analysis on Daily chart 06:39 USOil Technical analysis on Weekly chart 09:00 USOil Technical analysis on 4H Timeframe against next week 10:30 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
GBPUSD | Perspective for the new week | Follow-upPrice action traded within a range last week as it makes quite a bit of sense that we would see this market become very choppy ahead of the Federal Reserve interest rate decision coming up next week. The Shockwaves from the health of the banking sector following the rescue of Silicon Valley Bank and Signature Bank by the Federal Deposit Insurance Corp last week have increased tension as fears that the U.S. economy could end up in a deep recession still lingers in the air. In this video, we did a technical dissection of the GBPUSD chart with the hopes of identifying the potential direction in the new week. We observed the break of the bearish trendline at the $1.20000 zone suggesting a bullish signal, but there’s so much noise just above this structure that the possibility of a range-bound market before answers from the Federal Reserve is a condition to consider in our plans. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
5
USDJPY | Perspective for the new week | follow-up detailsThe crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's balance sheet grows stronger and we can not ignore the upcoming Federal Reserve decision which will trigger a risk-aversed perspective. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
XAUUSD | New perspective | follow-up detailsFollowing a profitable week for Gold (see link below for reference purposes); the rally in gold shows that it has become the spotlight as the banking crisis drove more investors towards it for safe havens. Gold hit 11-month highs, breaking from the mid-$1,900 zone and strongly heading for the $2,000. As the fears that the U.S. economy could end up in a deep recession lingers, there is a high chance of a range-bound market activity until we get some data from the Federal Reserve after which massive traction will be witnessed in the coming week(s). This video illustrates the technical perspective of the current market structure and how to position for the next potential move. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
3
XAUUSD : Gold SVB Ralley Near to EndOANDA:XAUUSD Gold is trading in extreme bullish pattern Gold is rallied more than 1000 pip's in last 1 week Big reason is downfall of banking sector collapse of SVB and other banks people shifting money in precious metal like gold 1865 is touching of upper trendline of rising wedge Rising wedge is a bearish reversal pattern Gold will target 1920 area and in extension 1890 area this month ❤️ Please, support my work with follow ,share and like, thank you! ❤️
OANDA:XAUUSDShort
by INVESTRONE
3
GBPUSD | Perspective for the new week | Follow-upThe U.K. economy reflected signs of positivity with preliminary estimates showing gross domestic product rose by 0.3%. However, the potential to raise interest rates at the BoE's next meeting in two weeks’ time remains on the table as inflation has been running at around 10% for the last six months. From a technical perspective, it is obvious that price action is still going through an indecisive phase as we anticipate next week's fundamental data for clues. In this video, we looked at our chances to either buy or sell the Pound in the coming week. 00:38 Reference to last week's daily commentaries and results 03:50 GBPUSD Technical analysis on Daily chart 07:55 Macroeconomic events to look out for the week 11:45 GBPUSD Technical analysis on 4H Timeframe 09:53 Conclusion on next week's expectation for GBPUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
USDJPY | Perspective for the new week | follow-up detailsFollowing a profitable week, price action is at a critical juncture in the market where both a bullish and bearish momentum could be triggered in the new week. The new week is laced with a series of macroeconomic events; so we shall be focusing on the fundamental event for signals to make an informed decision. BoJ Monetary Policy Meeting Minutes - its first following Governor Kuroda’s departure is going to be closely watched and from the US docket, the monthly inflation report coming up this week is also an event to look forward to. In this video, we dissected the current market structure from a technical standpoint in other to take a position ahead of the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
8
XAUUSD | New perspective | follow-up detailsFollowing another profitable week for us on the XAUUSD (see link below for reference purposes); Gold hit a one-month high on Friday with strong signals that it may be ready to break free of the mid-$1,800 - $1,820 range it has been trapped in the past four weeks. Following the Labor Department reporting a number that again beat forecasts but not as much as in January, a smaller rate hike of probably 25bps looks more likely as against the broadly anticipated 50bps. In this video, we looked at the market strcuture from a technical standpoint with the hopes of identifying a potential trading opportunity ahead of the new week.
FOREXCOM:XAUUSD
by darcsherry
8
USOil | New perspective for the week | Follow-up detailWell, the past three to four months have shown that the only reason crude prices aren’t breaking out of the channel ($83/$70) is because of the inflation hangover in the U.S and the Fed’s hawkish outlook emphasizes how far and high it is ready to increase rates. This was further reiterated by Fed Chair Jerome Powell during his testimony before Congress as the central bank is more than prepared to hike rates beyond the previously indicated margin if that’s what will bring inflation down. This video illustrates in detail the technical parameters and what to look out for in the coming week. 00:50 Reference to last week's daily commentaries and results 05:50 USOil Technical analysis on Daily chart 08:30 USOil Technical analysis on 4H Timeframe against next week 08:44 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
GBPUSDHi GBPUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992