Inverted head and shoulders chart patternInverted head and shoulders chart pattern on 2 hours time frame.
Technical-analysis
U$DCAD IDEA :)In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.
Long on USOIL/ WTIBased on the structure of price action. There's a potential H&S, if this plays out then we can expect movement to the downside on the right shoulder, if not, we can see price move further above that supply zone.
DISCLAIMER: THIS IS ONLY A POSSIBILITY not a guarantee. The point of technical analysis is to understand structure and have clarity of the charts not so much predicting the chart but equip us for better reaction.
Eur Nzd ShortEur Nzd lost momentum going up. Buyers are taking Profit and sellers are coming in strongly.
Market already creating a broadening wedge.
enter on the retest of the short time frame supply area.
Take profit on the demand Zone
Eicher motorsEicher motors on the verge of breakout, close above trendline approx 2950 can give good short term as well as long run returen
Gold Is at buying area with very good upside possibility.Gold is trading at 1923 which its multiple time support zone , last few days back gold bounce back from these levels, so this is very good opportunity in gold for going long for very good returns.
The target of gold may be around 1850 to 1860 in few days. The technical analysis is showing gold trading at very discounted price and coming big events like fed rate change and other global instability will also work as fuel for gold price.
Dollar is trading near all time high which is not going to stay there for long time so this will definitely help gold to rise upto the new high in coming weeks.
The global sentiment are still not good and stable so people are going for more safer investment types of assets and gold is number 1 in this area,
SO have a look on gold ...
ICICIBANK technical analysisNSE:ICICIBANK
In ICICIBANK
I used auto harmonic pattern to predict the market if u also want to use this then follow the steps:
1) open "indicator" and search "auto harmonic pattern" and click on it.
2) open "settings" and go to "style" and remove "table".
3) this indicator will automatically generate targets.
And if u want to understand more then follow us and observe how we give targets and find levels:-
👇👇👇👇👇👇👇👇👇
If it breaks downward level (* 715* ) as you can see in the chart above, then our :-
Targets :-- * 685 * ,* 625 *.
Make sure that market may retrace after achieve target.
For more such information stay connected with us.🤘🤘🤘
SKP RESOURCE BHD OUTLOOK 09/06/2022SKP RESOURCE BHD:-
This Counter having a continue Uptrend from From last 3 days and is expected to do the same ahead.
the started the uptrend right from 1.565 and is now at 1.700 and is expected to move up to 1.750 and if i t break the 1.760 mark then a price of 1.850 can be expected.
Support:- 1.535,1.485
Relative Strength Index (RSI):- 76.35
GBPJPY ideas for the new week.According to my calculations, GBPJPY should make short-term shorts early next week but I expect over all buys unless the candles have something to say about it in the middle or end of next week.
EURAUD BUYWe can see a third touch of the 4h and daily up trendline. if it respect this area with a touch into the demand zone - we should technically see price go long to atleast previous equal highs.
If you agree and want to see more technical analysis - please follow this page.
And have a great trading day week and month!
Icumoku cloudThe Ichimoku Cloud is a type of chart used in technical analysis to display support and resistance, momentum, and trend in one view. TenkanSen and KijunSen are similar to moving averages and analyzed in relationship to one another.
Bitcoin Bearish fractal continuationBitcoin price after a breakout of a falling wedge pattern, might possibly continue the bearish trend after a bullish correction at 30.500$. This might lead to a further drop of price below 25.000$
AUD/USD Long FuturesWhen price changes we need to change with it and tune ourselves in to what are they doing?
In this case, buyers are making HH/HL's. In my previous post i was anticipating an expansion of price into the major.
Order moved into the swap of the minor pivot
LUNA looking to break out of wedge within a wedgebig move coming here soon, one direction or another.
APPLE SHORT APPLE already in down trend we test the last high and get reject i call the short from 157$ on over plat form
and the target still to 150$ we going there because the S%P LOOKING GOING DOWN it's more likely to drop to 150$ that's the target
and we lost the ema's
and the 140$ is likley to happen too but i am not expect it now maybe i will update it later
good luck guys be safe
Monitoring Price Movement Patiently waiting for more downside movement for a rejection on the trendline for a upside to see new highs on BTC
BITCOIN ACCUMULATION SCHEMATICAs we know at the every top and every bottom of the correction in the last year there has been form either a Wyckoff Distribution or Accumulation Schematic allowing Smart Money to Accumulate their Positions for an upcoming change of Trend.
This Time should be no different and we already see a possibility of the Wyckoff Accumulation Schematic forming on the Bigger Picture on Bitcoin.
Price has formed 2 Liquidity points, Buyers Climax and Secondary Test which already have been liquidated by a possible Spring that is forming Right now.
What is Key to this Wyckoff Schematic is that we don't just look for them on a random point of the Market but usually in a special area that may signify the change of Trend.
This time this special area is a 30k zone which is a Big Support zone from the previous Accumulation, which is also backed by some very important Fibonacci levels making current forming Wyckoff Schematic more probable.
Now, when we know that a schematic may be forming and that it is in the right place, what can happen next?
Well, there's a few patterns to a Wyckoff Schematic and we have to remember that no schematic is the same nor perfect as a textbook example.
Assuming right now, we have Spring forming, we can have upward move next, giving us a last point of support (LPSY) and then rally to the upside,
or we can have another leg to the downside which would be called a Spring in Phase B, liquidating positions from Spring.
Either way, the direction of the Accumulation Schematic is always bullish.
EURAUDEURAUD 4h analyse for the next 6moves
We expect a long position after we get the confirmation from the next retests and also we can take a few positions taking this analysis
30 Minute TF - Go LongAnticipating short-term movement to the upside in the lower time-frames. Apply proper risk management. As usual, happy trading
Advanced Channel (SeaWorld, Daily)This isn't a direct trade, however the channel highs and lows can be traded by analyzing the candlestick patterns from those levels and trading accordingly. This is more for learning about how to draw channels. The dark channel lines are the main reversal level. The dashed line is the minor level of the channel. The green area is the buy zone. And the pink area is the sell zone. You can see how accurate this particular channel has been in containing prices. You look to sell at the channel highs and buy at the channel lows. Hope this helps someone.
