AUD_CAD BULLISH BREAKOUT|LONG|
✅AUD_CAD is trading in an
Uptrend and the pair broke
The key horizontal level
Of 0.9060 which is now a
Support and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish continuation
LONG🚀
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Trading-signals
USDCAD Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for USDCAD below:
The instrument tests an important psychological level 1.3728
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 - 1.3787
Recommended Stop Loss - 1.3693
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
AUDUSD Massive Short! SELL!
My dear subscribers,
My technical analysis for AUDUSD is below:
The price is coiling around a solid key level - 0.6602.
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6537
My Stop Loss - 0.6643
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
GBPUSD Under Pressure! SELL!
My dear friends,
My technical analysis for GBPUSD is below:
The market is trading on 1.2786 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.2739
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD My Opinion! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0930 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0918
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURAUD What Next? BUY!
My dear friends,
Please, find my technical outlook for EURAUD below:
The instrument tests an important psychological level 1.6561.
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 - 1.6591
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
GOLD Expected Growth! BUY!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2390.5 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 - 2420.2
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
USDJPY Technical Analysis! BUY!
My dear friends,
My technical analysis for USDJPY is below:
The market is trading on 146.57 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 147.09
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
BTCUSD A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the BTCUSD next move:
The instrument tests an important psychological level 60915
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 - 58826
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
The Illusion of Patterns: Why They Often Fail in TradingThe theory of pattern trading suggests that candlestick formations are rooted in psychological behavior. For instance, when a triangle or box pattern breaks out, it often signals a sudden surge of buying or selling following a period of consolidation. However, it's important to note that not all patterns yield reliable results. In this post, we will explore the reasons why some patterns fail and discuss how to enhance their effectiveness.
A strong support level at which a doji appears, a breakout of the trendline by a large candlestick upwards is a clear signal for an uptrend. However, after the breakout, a new pattern appears, crossing out the signal of the previous one. The support level is eventually broken by the ongoing downtrend.
Why don't patterns always work? Why should they work at all, considering that it's ultimately the trader who must take action? It's akin to expecting a hammer to drive nails without any effort on our part. A common misconception is to believe that the mere appearance of a pattern guarantees a certain outcome, while neglecting other crucial factors that can influence market behavior.
A pattern is primarily a visual representation that should encourage traders to conduct a deeper analysis, not serve as a definitive signal for entry points. The theory behind patterns can be misleading; rather than promoting an analytical mindset when a pattern is identified, it often fosters a rigid response: “Buy if this pattern appears, and sell if that one does.” This approach is fundamentally flawed. A pattern is merely a compilation of historical data presented in a particular format, which does not inherently predict future price movements. Instead of relying solely on patterns, traders should focus on analyzing the broader context and underlying factors influencing the market.
📍 Why Patterns Do Not Work in Trading ?
1. Identification Errors. Once you've familiarized yourself with 15 of the most popular trading patterns, you may notice two significant points. First, theoretical analyses often feature illustrations rather than actual screenshots. This makes sense—capturing a "butterfly" or a "cup with a handle" can be quite challenging and may require either a vivid imagination or years of chart analysis. Second, patterns can transition from one to another; for instance, a long-tailed bar might evolve into three crows or soldiers. Additionally, there are instances when patterns may even contradict each other, further complicating their reliability.
2. Wishful Thinking. Traders often fall into the trap of wishing a pattern exists where it does not. This bias can lead to misguided decisions.
3. The Dominance of Other Factors. In addition to identification errors and wishful thinking, other factors—particularly fundamental ones—often have a much stronger influence on market movements. Patterns do not occur in a vacuum; they must be considered alongside economic indicators, news events, and broader market sentiment.
Have you noticed that there is little research on the effectiveness of trading patterns? The reason for this is that accurately identifying the presence of a signal can be quite challenging. A pattern is simply a specific candlestick formation that has occurred in a particular way, but it does not guarantee any subsequent price movement. In contrast, indicators offer clear interpretations: for example, when the price crosses a moving average, that's a signal, or when an oscillator enters the overbought or oversold zone, it's a preliminary signal. The appearance of a doji, on the other hand, represents merely a balance in the market and is not always a definitive signal. Patterns cannot be rigorously tested like indicators because their signals tend to be ambiguous.
📍 How To Make Patterns More Effective ?
• Remember that it’s not the pattern that dictates a trend or a reversal; it’s the underlying trend that shapes the pattern. For example, if a "triangle" forms within a consolidating market, it doesn’t necessarily indicate that a new trend will emerge.
• Patterns tend to be more reliable over shorter time frames, typically represented by one to three candles. On the other hand, indicators provide an average value and, while less precise, they can have a longer-lasting impact. This means that following a reversal pattern, an opposing pattern might develop within just a few candles. If an indicator shows a significant deviation from the average price, there's still a good chance that the price might revert to the mean. Thus, while identifying corrections using patterns can be beneficial, we should exercise caution when predicting reversals.
📍 Conclusion
Why don’t patterns always work? The answer lies in the approach taken by the trader. Patterns are merely tools; their effectiveness greatly depends on the skill and understanding of the person using them. There are no perfect tools in trading, but experience plays a crucial role in enabling traders to navigate various market conditions and make informed decisions. By honing your skills and deepening your understanding of both patterns and the broader market context, you can enhance your ability to utilize these tools effectively and respond to different trading scenarios.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
QQQ Set To Grow! BUY!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 450.55 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 467.96
Recommended Stop Loss - 440.00
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NATGAS Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for NATGAS is below:
The price is coiling around a solid key level -2.161
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.080
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
GOLD Massive Short! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2431.2 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable continuation.
Target - 2406.8
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURUSD Under Pressure! SELL!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0914 pivot level.
Bias - Bearish
My Stop Loss - 1.0950
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0854
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
SPY The Target Is UP! BUY!
My dear followers,
This is my opinion on the SPY next move:
The asset is approaching an important pivot point 532.91
Bias - Bullish
Safe Stop Loss - 524.76
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 546.16
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USOIL Technical Analysis! SELL!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 77.00 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal -75.35
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
GBPAUD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The instrument tests an important psychological level 1.9388
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 - 1.9585
Recommended Stop Loss - 1.9274
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GOLD What Next? SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 2430.7
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2409.7
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
EURUSD On The Rise! BUY!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0893
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 - 1.0913
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NZDUSD My Opinion! SELL!
My dear followers,
I analysed this chart on NZDUSD and concluded the following:
The market is trading on 0.6000 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5932
Safe Stop Loss - 0.6047
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURCHF Set To Fall! SELL!
My dear subscribers,
EURCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9432 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9352
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
GOLD A Fall Expected! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2442.4 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 24087
Recommended Stop Loss - 2464.2
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
———————————
WISH YOU ALL LUCK