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Trend_analysis

CHFJPY: Bearish outlookThe CHFJPY currency pair is currently encountering resistance at the 144.205 level, where previous selling activity suggests a potential drop in value. This outlook is further corroborated by the emergence of a well-formed harmonic reversal pattern, specifically a bearish butterfly. Moreover, a bearish engulfing candlestick pattern materialized on the weekly chart on March 12th, while a bearish doji star pattern on the M30 timeframe exhibited strong bearish pressure within the 144.207-144.083 region. Based on this analysis, a short position in the CHFJPY pair appears valid (though the monthly candle is currently bullish), with a short-term target set at 143.245 and a medium-term target at the initial support zone.
Short
by Samuel124
2
Gold to test $1620 demand zoneGold has continued to slide on Monday as US dollar advanced, currently trading at $1634. XAUUSD is heading for its longest streak of monthly losses on record with investors now in anticipation of continued rate hikes from central banks that will cause a strong US dollar. Gold may target the yearly low below $1620 ahead of Fed meeting. The sellers remain in charge, though they will face solid support at around $1617, ahead of the yearly low at $1615. If commodity buyers would like to shift gold bias to neutral, they need to reclaim 1680. Please support our work with like and comment, thank you.
FOREXCOM:XAUUSDShort
by GOLDPIPSMAKER
4
Heikin Ashi Trading SetupBYBIT:BTCUSDT Here I have shown a Heikin Ashi Trading Setup. I'm using forementioned candles, with smoothing, and a PMARP signal to confirm entry (Long or Short) positions. For the PMARP I give full credit to Eric Krown and is linked in this published idea. I've adjusted the settings to give a cleaner look and to use only the relevant information. Trading strategy is anchored to the chart, but here it is again: STRATEGY RULES - Heikin Ashi Candles LONG Wait for BUY signal, then wait for candle to close Next smoothing bar or 2nd should be BLUE PMARP must be on OR above 85% SL on bottom of bar before BUY candle TP on SELL candle or first YELLOW candle SHORT Wait for SELL signal, then wait for candle to close Next smoothing bar or 2nd should be YELLOW PMARP must be on OR below 15% SL on TOP of bar before SELL candle TP on BUY candle or first BLUE candle STRATEGY RULES - PMARP Once candle chart prints a BUY signal, wait for PMARP to be on OR above the 85% line Once candle chart prints a SELL signal, wait for PMARP to be on OR below the 15% line This seems to work well in backtesting on lower time frames such as 5M, 15M, and 30M. I'm using this for scalping/day trading so haven't tested on longer time frames. Good luck every *NOT FINANCIAL ADVICE*
by adf789
4
Time for ConocoPhillips to end the skid?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 16, 2021 with a closing price of 54.82. If this instance is successful, that means the stock should rise to at least 55.17 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.337% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.213% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.049% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 21 trading bars, and one-quarter require at least 34 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:COPLong
by StockSignaler
Nifty pauses down trend Time frame Daily Rsi divergence is seen on daily chart and I have marked the same using arrows. So if nifty breaks the trend line (black line ) then we may see a upside till 14800-15000, 15200 The pattern will get activated only if nifty goes above 14465 and sustains there. The above idea is my analysis and not a recommendation to buy, sell or hold. I am not responsible for any kind of loses that may happen in a trade taken considering the above idea. For any doubts comment and share this idea with your friends.
NSE:NIFTYLong
by amanagarwal2714
7