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EURAUD Bounce from Resistance and More UpsideWelcome back! Here's an analysis of this pair! ** From the daily perspective, the market has completed an "M" pattern and broken above the neckline of the pattern. We can expect a retest of the previous support before a potential rejection to the upside. Do you agree? Let us know your thoughts in the comments! Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
4
GBP USD Bearish Moves!!GBP USD turned bearish and I will be looking for shorts. Maybe some long counter trades but that really depends on the market structure. As you can see is we have a supply above us and we maybe have a break of structure there to short from. We are now landed on a demand zone and we maybe will respect it to retrace into our first supply, keep an eye out on these zones on the lower timeframe. this is no financial advice and don't ask me when to buy or when to short I'm only here to show how I look at the market!
Short
by RoyCC
Why Your Shorts Are Not Winning - Part 2The trend continues to be your friend until the very end. This is 2 day chart that I posted in the beginning of the year that continues to be in play since the COVID meltdown in early 2020. Price has been in a strong uptrend with very few pullbacks. Even the pullbacks result in dramatic reversals and pumps to the upside. Here is where it gets interesting. We are approaching the top of the channel and the last time we touched the top of the channel, we had a strong pullback. Is the market melting up, only to reach the top of the channel and turn back? Is price going to breakout of this huge channel? I think we're going to find the answers to these questions very soon. Good luck. Never play the breakouts, wait for the retests. When it feels really right, it's probably wrong, and when it feels very wrong it's probably right.
OANDA:SPX500USD
by XYZ-Trader-
2
GETTING READY: Looking back to 2020In this video I look back to early 2020, to see how the 40% collapse in the DJI happened. Am I preparing for a collapse or correction? Yes I am. Preparing does not mean I am predicting. What is see looking back is, that a 2 hour ATR trend south had developed. It is the best fit. I had tried 1H trend but that did not fit well enough, where price would stay below he ATR line. This index has been pumped up on implicit guarantees coming from the FED. We saw a similar scenario in the mortgage markets around 2008. Readiness is everything. When you're in a trend down, you won't really know for sure because you can't see the whole trend, like we see now looking back to 2020. This time around, I'm getting ready. The last major correction occurred in Feb 2020. So I am on high alert all now. I'm watching every 2hour switch. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
DAX: Head and Shoulders pictureIt looks like a head and shoulders to me on the 4H time frame, but always debatable. Sentiment changed on this index many days ago, as seen in the 4H ATR line (on this time frame only). This short setup is for true trend followers (not trend continuation). That means it is much higher risk to much higher reward ratios. There are stop losses in trend following, but no predefined exit points. The markets decide the exit. As usual you take your own risk and your own losses. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:GER30
by Captain_Walker
1
BTC Breakout imminent !!!Over the last weeks we had a beautiful triangle pattern forming. Depending on the direction of the Breakout (closure of 1H candle above or below drawn resistance lines) the near-term future of BTC will be decided. If BTC breaks out to the upside, prices could reach approx. 45500 USD before bouncing back. However, the supporting trend line (green) increases the likelihood that the resistance at 45500 USD will eventually break as well and let prices continue their path towards 48000 USD. In case that prices will breakout to the downside, BTC could fall to the strong support of 40500 after which the continuing downward sloped trend line (red) will increase the likelihood of prices crashing through 40500 to eventually reach the next big support area which I see at approx. 37000 USD.
FTX:BTCPERP
by RobbybubbleX
Quick look at BTC - the downtrend continues Here's a quick look at the BTC Daily chart. As we can see, the price has been continuing its downtrend within the bigger falling wedge for some time now. The price is currently at the bottom of the falling wedge, and a break below the falling wedge will lead to a bigger drop in price. The price needs to stay within the falling wedge to avoid a much bigger downside. If the 40k support zone can't be held, then the price may very likely revisit the 33k-37k zone. ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
5