EURCAD: Bearish Forecast & Bearish Scenario
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Techincalanalysis
GBPCAD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7763
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7884
Recommended Stop Loss - 1.7690
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
CADCHF: Short Signal with Entry/SL/TP
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6324
Stop Loss - 0.6351
Take Profit - 0.6276
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.2036
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.2185
My Stop Loss - 2.1959
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURUSD What Next? BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0297
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.03353
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPUSD: Will Start Growing! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPUSD pair which is likely to be pushed up by the bulls so we will buy!
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USDCAD: Weak Market & Bearish Forecast
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USDCAD pair price action which suggests a high likelihood of a coming move down.
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Gold Long Term and Short TermGold Analysis and Trading Plan
Gold prices saw mixed movement yesterday, gaining 0.50% and trading around $2,648. Market dynamics were driven by solid US economic data, improved services sector activity, and President-elect Donald Trump’s remarks, which boosted the US Dollar and capped Gold's rise.
Key Developments:
Strong US jobs data and increased business activity in services reduced expectations for further Fed rate cuts.
China’s central bank increased Gold reserves for the second consecutive month, supporting bullish sentiment.
US Treasury yields remain elevated, bolstering the Greenback.
Upcoming Nonfarm Payrolls (NFP) will likely provide the next major catalyst for Gold's movement.
Technical Analysis:
Short-term:
Gold is forming a double top pattern around the $2,665 resistance level. A rejection here could indicate potential downside.
Long-term:
Gold is consolidating within a symmetrical triangle pattern, with a bullish breakout signaling a continuation of the uptrend.
Key Levels:
Resistance: $2,665 (double top), $2,675, $2,700
Support: $2,624 (near-term), $2,612 (lower range of the triangle), $2,580
Trading Plan:
Breakout Strategy:
If Gold breaks above $2,665, it may target $2,700 and higher levels.
On a downside breakout below $2,612, watch for a move toward $2,580.
NFP Impact:
The NFP report on Friday could drive significant volatility and provide clarity for the breakout direction. Use it to refine your entries.
Risk Management Disclaimer:
Trading involves significant risk. Use proper position sizing, place stop losses to manage risk, and ensure trades align with your overall strategy. Past performance is not indicative of future results.
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UNI/USDT hit the targets perfectly hooray!UNI/USDT hit the targets perfectly hooray!
Everyone who followed my analysis can now book a whopping profit of 35.3% with 10x leverage. As always, we partially closed our position at every 10% profit milestone while moving the stop-loss to breakeven.
For more free trade ideas like this, follow me here: @wsaetos .
Don’t forget to boost this post if you enjoyed this trade.
Stay tuned for more updates!"
Nas100 updateTechnical Analysis:
Trend:
• The market is still in an overall uptrend, given the ascending channel structure.
• However, the recent break below the midline and rejection at the upper boundary suggest possible short-term bearish momentum.
Key Levels:
1. Support:
• 21,200–21,220: Current price level and a critical area to hold. A break below could lead to further downside.
• 20,766 (blue horizontal line): Major support and a previous demand zone. A test of this level is possible if the bearish pressure continues.
2. Resistance:
• 21,500: The midline of the channel and the 50-period MA align here, making this a key resistance zone to watch.
• 21,800–22,212: The upper channel boundary and previous swing highs. Price needs to break above this to regain strong bullish momentum.
Moving Averages:
• Shorter MAs (blue lines) are crossing below longer MAs (red lines), suggesting bearish momentum in the short term.
• The 200-period MA (thicker red line) is still acting as dynamic support, aligning with the channel’s lower boundary, adding confluence to the 20,766 level.
Possible Scenarios:
1. Bullish Case:
• If the price bounces from 21,200–21,220 and breaks back above the 21,500 resistance zone, it could retest 21,800 and potentially the channel’s upper boundary near 22,200.
• Entry: After a bullish breakout and retest above 21,500.
• Target: 21,800 and 22,200.
• Stop Loss: Below 21,200.
2. Bearish Case:
• If the price fails to hold 21,200, a move down to the 20,766 support zone is likely.
• A break below 20,766 could invalidate the ascending channel, leading to further downside toward 20,400 or lower.
• Entry: On a clean break and retest below 21,200.
• Target: 20,766 and 20,400.
• Stop Loss: Above 21,500.
Indicators to Watch:
• Volume: Look for increasing volume during key breakouts or breakdowns.
• RSI/MACD: Watch for divergence signals to confirm potential reversals near critical levels.
Conclusion:
The market is at a critical juncture. The reaction at 21,200 will determine whether bulls regain control or bears push the price lower toward the 20,766 support zone. Stay cautious and wait for confirmation before entering a trade.
UNI/USDT Short PositionThis chart illustrates a short position on UNI/USDT following a potential bearish breakout from an ascending wedge pattern. The price action has been respecting the upper and lower trendlines, forming higher highs and higher lows. However, the breakdown below the lower support trendline signals a reversal.
Key Levels
- Entry Price: Near 13.90 (just below the breakdown point)
- Stop Loss: Around 14.27 (above the wedge resistance)
- Take Profit Target: 12.12 (aligned with key support levels and pattern height projection)
Technical Insights
Rising Wedge Pattern: Typically bearish, indicating weakening bullish momentum before a potential decline.
Bearish Confirmation: The strong bearish candlestick closing below the wedge support adds confidence to the short setup.
Risk-to-Reward Ratio : This trade offers a favorable R:R, approximately 1:2.5, making it an attractive short opportunity.
Watch for additional confirmations like increasing volume on the breakdown or retests of the former support turned resistance to add confluence.
EURUSD A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0426
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0357
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
USDCAD Set To Grow! BUY!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4314 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.4357
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDNZD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for AUDNZD below:
The price is coiling around a solid key level - 1.1074
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear High, giving a perfect indicators' convergence.
Goal - 1.1051
Safe Stop Loss - 1.1088
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
ALBRK - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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