GBPJPYOverall Trend on Daily chart = Bullish(Price is above the 200 day EMA)
Price Action = Ranging(price failing to break previous high/low on the H4 time-frame)
Wait for a break and retest of the range bound before looking for possible entries!!
Tradeanalysis
EURAUDPossible bearish reversal pattern on 1 Hour chart(Head and Shoulder pattern)
Current Swing= Bearish
Wait for price to retest 1.64193 or a break below 1.63707 price level before going short!!!
GBPUSDOverall Trend on 4 Hour chart= Bearish(Price is below the 200 EMA)
Overall momentum= Bearish
Wait for a retest of 1.23540 or 1.23687 price level before going short!!!
BTCUSDTOverall Trend on 4 HOURLY chart= Bearish
Current Swing on 4H TF= Bullish
Price Action = Ranging(price forming symmetrical triangle; converging at a key level)
Wait for a breakout and/or potential retest of the chart pattern before looking for possible entries!!
GBPJPYOverall Trend on Daily chart = Bullish(Price is above the 200 day EMA)
Price Action = Ranging(price failing to break previous high/low on the H4 time-frame)
Wait for a break and retest of the range bound before looking for possible entries!!
GBPJPY Pre-London 30th March 2023Summary:
- Currently in a range after yesterdays strong bullish push
- Waiting for further confirmations to see if price would go for a retracement or continue further bullish
XAUUSD Pre-London 30th March 2023 Summary:
- Gold is bullish on HTFs
- Respecting bullish market structure
- Only looking for buys opportunities
Potential trade setup Hello traders, this is a complete multiple time frame analysis on this pair. We can find significant trading opportunities as per analysis upon price action confirmation as we take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any question,let me know which pair to cover in my next analysis.
BTC/USDTHead And Shoulders Chart Pattern
The Head and Shoulders pattern is very easy to spot and can be a caution for traders especially when the pattern occurs at the top end of a rally or its bearish counterpart, the inverse head, and shoulders that occurs at the trough of a downtrend.
In the chart above, you can see the basic structure and the setup of the head and shoulders pattern (bullish and bearish). The neckline support (or resistance) is the key as a breakout from this level indicates a shift in the trend.
The most basic way to trade the head and shoulders pattern is to wait for the breakout from the neckline. Some traders prefer to wait for a retest back to the neckline while others simply buy or sell on the breakout. The target is set to a measured move, measured from the head (high or low) to the neckline (support or resistance) and projected from there on.
XAUUSD Pre-London Analysis (27th Jan 2023)Summary:
* Gold bearish after yesterdays news
* Price is at a strong 4h support
* Potential retrace / reversal from this support (buys)
* Or we will see a break below during high volume time but need to
be careful as this is a strong zone and the breakout could get tricky
XAUUSD Pre-London Analysis (17th Jan 2023)Summary:
* LTFs printing bearish market structure,
* OVERALL We are still in a bullish trend but we are at potential reversal point since 1920.0 is a strong zone. (look left)
* Looking for sells UNLESS bearish market structure gets broken
GBPJPY Pre-London Analysis (16th January 2023)Summary:
* HTF market structure is bearish
* LTF are forming bullish, we are also at a potential reversal on HTFs
* Looking for breakouts, buys have clean range to move up. sells only good below 156.150
* As always just reacting NOT predicting price, seeing what we will get closer to London Open and will just execute on my ideas.
XAUUSD Pre-London Analaysis (13th Jan 2023)Summary:
* Gold has pushed up to 1900.0 which is a strong zone
* Waiting to see if we get a correction during london session
OR we break that level and continue further
* See chart for my plan & confirmations for both outcomes
A clear analysis on USDJPY bearish wave and next opportunities USDJY bearish , actually in a tricKy situation , we expects two things
1 - price react to the ob ,
some price rejection at the 4hrs OB
2- Price respect the bearish wave , gy seeing exhaustion from the bulls ,
3- price might also break to the upside changing the whole bias ,
BE PATINT ENOUGH AND YOU WILL CACTH THIS TADE OR
JOIN THE PREMIUM SERVER FOR EXCAT ENTRY COR DINATES ANS STOPS .
GBPJPY Pre-London (Wednesday 4th 2023)Summary:
* HTF are still bearish
* LTF Market Structure is consolidating
* Could get same move as yesterdays london open (bearish drop)
* Could get buys altough the targets are quite tight so need to be careful
GBPJPY Analysis (2nd January 2023)Summary:
* HTF are bearish but we could go for a deeper retrace today
* Price is in a small consolidation, waiting for a breakout
* Breakouts to either direction could get me a nice move of around 20-30pips
* Waiting for London Open
How To Trade The W - V Pattern - ISRG SetupHello Traders,
Here is an educational post about the W-V pattern.
As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter.
The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way up.
Note: There is a high probability that price could trade down to $236 first to fill the gap and tag the 200 MA before reversing and trading to the upside. This is perfectly fine as far as long as the $236 level remains intact and price does not trade below it.
Thanks everyone and best of luck!
GBPJPY Pre-NY Analysis (19th December 2022)Summary:
*HTF are bearish
*Price is at a potential reversal point
*Looking for a break & close in either direction
CRYPTO | ETHUSDT -DECRYPTERSHi people , Greetings from Team Decrypters We are Still Bearish on Over all Crypto Assets Due to Pending Downside leg of stocks Towards Pre-covid Levels & Pending liquidations of Big playersReasons :-
1- Strong Down trend.
2- Three Black crows.
3-Closing Below poc level .
4-Target the huge liquidation level down side.
5-Lower BB Target.
GBPJPY Pre-NY Analysis (12th December 2022)Summary:
* Break and retest out of last weeks consolidation
* Missed the latest buy opportunity at the retest
* Waiting to see if we break 168.0 for continuation buys
XAUUSD Pre-Ny Analysis (12th December 2022)Summary:
* Had a deeper pullback after rejecting 1808
* Bearish momentum slowed down
* Price respecting the 1786 level
* 1808 bullish target
GBPJPY Pre-Ny Analysis (7th December 2022)Summary:
* Waiting to see if price breaks 167.200 during NY session
* If it does, follow the plan
* If it does not, sit out / go watch other pairs
XAUUSD Pre-Ny Analysis (7th December 2022)Summary:
* XAUUSD is consolidating right now
* Looking for a breakout, either direction
* Daily Closed bullish, yesterdays move could have just been a retrace (confirms it if todays daily candle closes bullish aswell)
* Bearish momentum could still be strong and drive price even lower.
