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Reversalpattern

XAUUSD | Live position review | Folow-up detailsDespite breaking down the bullish trendline identified yesterday (link below for reference purposes), I am still very sceptical of hopping in hence there are two scenarios that we have identified to take either a sell or buy. Risk 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.
OANDA:XAUUSDLong
by darcsherry
Falling wedge on Cardano dailyAbove i have identified a falling wedge on Cardanos daily chart. We can see a decrease in bearish volume as the market looks for a potential reversal to the upside. Taking into consideration the current market climate where BTC has seemingly found support at 37000, it wouldn't surprise me if we saw the market reverse. The first target price for Cardano would be the 0.98-1 level where we recently got rejected. If broken secondary target would be at 1,11. Welcome to ideas and suggestions :) Not financial advice.
BINANCE:ADAUSD.PLong
by MYrtsinfilosofi
2
⚓US500 4510.4 SHORT IDEA + 0.94 % * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON US 500. The index opened the week with a bullish rally since it broke out of that descending channel. * The index is still strongly bullish looking at momentum to the up side, but what goes up must come down the question is where. * Have a couple of levels to look at with interest ahead, will be looking at reversal patterns at this levels. * Break above of structure puts the second entry into play. - looking for reversals with the bears see below. 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 - SWING TRADE
UShort
by PULEMokhothu
DXY 96.07 - 0.74% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE SOME OPPORTUNITIES THIS WEEK. LOOKING AT THE DOLLAR INDEX * The index has been trading in a bullish trend that lost momentum as we enter a reversal pattern that is now range-bound within the support & resistance . * Looking for a double bottom formation within this range unless we see a breakout or changes in momentum. * looking for reversals in the form of a double bottom, should we see continuation with the bulls, the plan changes. ON THE HOULRY CHART - We are within a descending structure that could support that double bottom. - looking for shorts on the dollar index , a break above changes the whole plan. 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 - SWING TRADE
TVC:DXYShort
by PULEMokhothu
USDZAR 14.96170 + 0.24 % LONG IDEA * REVERSAL PATTERNS,BREAKOUT HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the BASE of this structure ENTERING a range as we see momentum to the down side slow down somewhat. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum on the 4h chart this,the delay at this level might just be the signal that we might be changing direction towards the bulls.. - Looking for long entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. LOOKING FOR A BREAKOUT ON LOWER TIME-FRAMES AND POSSIBLY SIGNS OF BULLISH MOMENTUM 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 - SWING TRADE
Long
by PULEMokhothu
1
GBPUSD 1.31632 - 0.1 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. AS FED CHAIR POWELL GIVES HIS SPEECH SEEING SOME STREGHTH INJECTED INTO THE DOLLAR, HERE'S A LOOK AT THE POUND / DOLLAR * The PAIR has been on a build up or rather formation of a beautiful text book H&S formation, A break of structure possibly signals continuation to the up-side. - Short term the pair is in a down trend on the 4h chart this should it respect structure looking for continuation towards the upside. - Looking for long entries on the THE PAIR this week should all the rules of the formation be met as I sit on my hands on this one and await that break-out SEE CHART BELOW. 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 - SWING TRADE
Long
by PULEMokhothu
USD / JPY 119.389 +0.19 % SHORT IDEA * TREND POSSIBLE REVERSALHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / YEN * The PAIR has been trading in a Ascending channel , just tested the roof of this structure after that extending this move with a strong bullish rally towards the upside. - Short term the pair is in a up trend on lower time-frames as we see break aboves even on the 4h chart this. - Looking for short entries on the THE PAIR this week should all the rules of the formation be met, reversal patterns at that looking for any reversal patterns. BREAK ABOVE AND BULLISH MOMENTUM INVALIDATES THE SET UP. SCALLING LOWER HERE'S WHAT WE HAVE 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 - SWING TRADE
Short
by PULEMokhothu
AUD / USD 0.73992 -0.2 % SHORT IDEA * REVERSAL PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE AUD / DOLLAR * The PAIR has been trading in a Ascending channel , just tested the roof of this structure NOW seems the bears will be in control with the formation of the double top anticipating a reversal. - Short term the pair is in a up trend on lower time-frames as we see break above's even on the 4h chart this. - Looking for short entries on the THE PAIR this week should all the rules of the formation be met. BREAK ABOVE AND BULLISH MOMENTUM INVALIDATES THE SET UP. scaling down 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 - SWING TRADE
Short
by PULEMokhothu
3
GBPUSD | Live position review | Follow-up detailsGBPUSD positions appear to be doing well at the moment as we currently experience over 70pips moving in our direction. But it's not yet a tangible reason to be excited as the current structure needs confirmation in the form of a retest/rejection of neckline @ 1.32 to the upside to seal the uptrend continuation. See my previous video on this for further details (see link below) Risk 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.
Long
by darcsherry
GBPCAD | Live position reviewEven though this was not part of my plan for the week; the identification of a reversal structure within a strong demand zone on a weekly time frame incited a call for attention. Risk 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.
Long
by darcsherry
XAUUSD | Live position reviewThis is a follow-up detail of the video I published on this pair during the weekend (see link below for reference purposes). Risk 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.
OANDA:XAUUSDLong
by darcsherry
1
GBPUSD | Perspective for the new weekA reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder) NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk 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.
Long
by darcsherry
EURUSD | Perspective for the new weekThis is my first video tutorial and I am not sure I am good at this but let me know if the video tutorial is preferable. Thank you Tendency: Uptrend (Bullish)/ Downtrend (Bearish) Structure: Supply & Demand | Trendline NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk 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.
Long
by darcsherry
SPX: Doing many technical movements!Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it did exactly what we said yesterday (link to my last analysis below this post), and retested the 21 ema before bouncing back up again. This movement was very technical and expected, and now it is just resuming the bull trend one more time. Since the momentum is bullish in the short-term, as we see clear higher highs/lows, pullbacks to the 21 ema are opportunities to buy. Either way, the next targets are the resistances seen on the chart: The 4,416, the previous top, and the 4,472, the breakaway gap. In the daily chart the situation is still dangerous, but the index is trying to break this purple line, and by doing this, it’ll do something new, indicating a possible mid-term reversal sign. The volume is good (not great, but good), and it looks promising. So far, we don’t see any bearish structure around that could indicate a top level, but let’s keep our eyes open. I’ll keep you guys update, as usual, so remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
EURJPY | Perspective for the new weekSince my last publication on this pair (see link below for reference purposes), prices have continued to spiral downwards thereby emphasizing a downtrend momentum as the JY129 area remains the significant level keeping price under. Despite hawkish ECB, the meeting might fail to offer the Euro a lift anytime soon as I suspect that the bears are about to project into the lows in the region of 124.00 area in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom & Breakdown) Observation: i. Jumping in on our 4H timeframe; it is obvious that price action has continued to find lower lows since the 10th of February 2022. ii. A visual representation of a trend after connecting a series of prices with a line drawn above pivot highs shows the prevailing direction and speed of price in the last month. iii. The successful breakdown of the JY129 areas which has held price "supported" since the last quarter of last year emphasizes the seller's power at this juncture in the market. iv. During the course of last week's trading session, we witness the Euro grow 3.70% against the JPY only to find a significant resistance at the key level (JY129) on Thursday and Friday with a reversal set-up emerging within an area that is peculiar with selling potentials. v. Now, the appearance of a Double Top structure within the identified Supply zone which also shares a confluence with the bearish trend describes a potential trend continuation if we finally see a breakdown of the Neckline around JY127.5 in the new week. vi. In as much as anywhere below key level appears to be a comfortable area to sell considering current structure, it is advisable that we hold and wait for a breakdown of neckline to join the potential decline... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 4 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel. Risk 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.
Short
by darcsherry
US100 13321.4 + +0.44 % LONG IDEA * REVERSAL PATTERNS HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT NASDAQ INDEX THIS WEEK SWING * The index was trading in a DESCENDING channel but seems the channel that saw a break above of structure but failed to continue this momentum towards the upside. - We finally at that zone which will highly become the reversal point. - key to the set up will definitely be patience, we already seeing the formation of double bottoms even on higher time-frames which makes this one a high probability trade. - Looking for long entries on the INDEX this week should all the rules of the formation be met. - YESTERDAY'S SET UP PLAYED OUT BEAUTIFULLY.... 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 - SWING TRAD
ULong
by PULEMokhothu
1
EUR / USD 1.08814 - 0.44 % LONG IDEA *STRUCTURE & PRICE ACTION HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE EURO / DOLLAR PAIR. * The pair has just been falling like plummeted head first for a minute now, finally seeing some momentum shift. - Finally a reversal pattern may be on the cards on the EUR/USD looking for some bullish momentum to come into play. - Looking for long entries on the PAIR short term this week should all the rules of the formation be met. 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 - SWING TRADE
Long
by PULEMokhothu
1
SOLANA Slope RSI at an extreme pointThere has not been a pattern to confirm the bottom yet and it would be unwise to enter a trade right now but we the indicators are telling me that the bottom has been reached. The honey Cypher VWAP is at a very low point, the previous time it reached this level we got a massive move to the upside. At this point we had a double bottom formation which further increased the likelyhood of a strong trend. My strategy here is to wait for a reversal pattern to surface and enter a trade with a very small stop loss, -2% with a TP1 5% TP2 10% and a trailing at 3% with -3%. You could also enter a trade the moment a reversal brick get's printed but that is less reliable than the patterns. Link to the bounded slope oscillator.
FTX:SOLUSDLong
by Honestcowboy