Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫 By using technical indicator RSI, we can see Ethereum has potential...
We have Something resembling a 1.13 Cypher/Shark with an Overbought RSI; I think BTC will be very volatile tonight and im leaning towards a test of the Range Weekly Low which is the Blue Line Below.
A Bearish Butterfly Pattern on the NZDJPY 4-hourly chart within the sideway increase volatility setup is almost ready, close below 87.88 is required for a final confirmation but that is your decision to make.
NZDUSD has a Bearish Shark Pattern on the intra-day and daily chart timeframe. My engagement will be on the intra-day timeframe; that's when the Shark Pattern completes at 0.6270. A minimum of 3-bar reversal must be seen on the intra-day timeframe before engaging in the trade. I would stretch my targets to which of the daily chart patterns, giving me a lower risk...
EURUSD sits within the resistance zone of the weekly chart, the long week had created an additional resistance level on the daily chart; even a break and close above 1.0485 happens, we have the Bearish Crab Pattern where we can catch the bearish move at 1.0597.
Please look at previous times our 1D RSI Stoch hit overbought levels, it is incredibly high now. I opened a risky short at 3x, I think we will all go down to 0.01! You may be angry, but please analyze the chart yourself. I highlighted the important parts.
A Bearish 5-0 Pattern give traders who want to look for a shorting opportunity, an opportunity to engage the trade. It is important to wait for 3bar reversal and not seeing candle break above and close above the red dotted line for the minimum confirmation.
GBPJPY on the 1hourly chart at structure; any plans you have, traders? Initially, it was the entry point to a Bearish Bat, but it is invalid now. Can anyone of you tell me why that is so?
A Bearish Deep Gartley Pattern check back. What!?! It's rare, but it does happen. I"m waiting for the candlestick to close and confirm a long shadow for my aggressive trade. This trade could potentially give me a lower risk and higher returns, if you know what you are looking for.
A Bearish Shark setup has its retest. But is this it, or not? Shark Pattern can have up to 3 entry zone, test 3! So it's best to wait for candlestick confirmation to engage the trade and ever over trade.
EURUSD is on a Bearish Trend, should the market reverse and touches the focused trendline, it will be a perfect opportunity to engage the trade. The grey box that the market is in right now gives counter-trend traders an opportunity to engage in the trade. I'm focusing on shorting opportunities on the EURUSD.
If you read my last week's analysis, you should know that there is a potential Bearish Bat Pattern on the daily chart(the link is within the tradingview article). If you are looking for a counter-trend trading opportunity, the Bat Pattern might not be the best setup, and that's because I don't like what I'm seeing(consolidation before the Point D...
CADJPY is on a Bullish Trend on all 3 major timeframes. A Bearish Deep Gartley Pattern may allow counter-trend traders to short the pair at 106.27. Before engaging in the trade, it is important to wait for the 3-bar pattern confirmation.
EURUSD is on its bearish run on all 3 major timeframes, the daily, 4-hourly and 1-hourly timeframe. Check out the bearish channel drawn on 10Jul, link at the bottom of the TradingView post; you can observe that when you drew the channel correctly, you can see the market respect the channel by stopping and reversing at the end of the channel. That is when you know...
As RSI currently is around 75, we believe that it will have to cool down soon, however we expect that the price will increase a little bit more and will get rejected from the resistance level. After that, we expect that the price will decrease to retest the support. - entry point: at the resistance level; - target: at the support level shown in the chart; - stop...
CADJPY has a potential Bearish Bat Pattern that completes at 106.77. A candlestick pattern confirmation is important, and that's because there's a Potential Bearish Butterfly Pattern on the Daily Chart. There's no need to be over concern about that; as long as you are following the trading rules, it will be fine.
The Bearish Shark Pattern could be a better setup for the shorting opportunity that the Bearish Bat Pattern which feels like an endless consolidation on the 4-hourly chart. The Shark Pattern completes at 0.9143, a candlestick pattern confirmation is still required before taking the trade.
If you have been following my analysis, you would have known that it is unusual for me to share a Weekly Market Analysis on a 15minutes chart. A Bearish Butterfly Pattern complete at 1.0788 for a shorting opportunity. If this became a valid setup, I could upsize my trading profit to the 4-hourly chart level. Link at the bottom. That's how Winner trade ;P