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Trendreversal

NAS100 Short - Trend Reversal, Awaits Demand ZoneFor the past 13 months, NAS100 has stayed about the 6200-6300 supply zone to maintain an overall bullish trend. However, since this level has been broken, it could simply mean that the bull is out of steam and the bear is taking charge now. This can be further confirmed by the recent appreciation of some of the safe haven asset such as gold and Swiss franc. While the price has broken through deeply, the retracement also appears nothing close to shallow. Wait for the price to retrace further into the demand zone at 6500 to sell.
OANDA:NAS100USD
by AlgoVenture
BTC trying to (temporarily) reverse the trend. Will it succeed?All eyes are currently on the potential inverse H&S that might be forming its right shoulder on this pullback, and if completed it could take the price to around 5300-5400 area which is the projected target of the pattern. As we've all noticed, when everyone expects something due to it being obvious on the chart, BTC tends to do the opposite, so don't put too much hope into this iH&S pattern. It's just an idea for now, so we can have it on our radar. The major trend is still down. A break of 4400 is still the main condition for those higher prices mentioned above, and without it, none of these patterns matter much. Nevertheless, we can't ignore (at least a temporary) reversal pattern forming for over a month now. The longer the time period over which the pattern forms, the more reliable it is and the larger the move it makes once (and if) completed. The key areas for this scenario are marked on the chart above. 3470-3400 zone must hold, otherwise, we are likely to see 3100s retested or even new lows. If we see a good reaction (ideally) from around 3560, that would be a first positive step towards the iH&S pattern completion. Note that 3650 was/is the minimum retracement necessary for this to play out. I see two ways to trade this: 1. Enter with a speculative position size in the "ideal entry zone" marked on the chart with a stop loss below 3400. 2. (safer, more conservative way) Wait for the price to breakout and close a candle above 4400 pivot point, then buy the breakout or the pullback of that move. This way you get less profits but a lot more reliability in your trade. It all depends on your trading style and risk apetite. Either way, stop loss and risk management is crucial here, due to the main trend still being down. You don't want to get caught in a long position if the main trend continues to the downside. Note that this is a 12h timeframe chart, so it may take days to play out.
BITMEX:BTCUSD.PLong
by eyupium
7
Shorting From RetracementGBPJPY failed to breakout from the zone making three tops that provide sufficient resistance. Falling was accompanied by another attempt to move up, acting as retracement providing additional space to continue move further down. Weekly chart provide sign of piercing through lower structure - potential to further down move. Cumulatively nice opportunity to ride one more move down to the nearest structure approved by potential trend reversal and weekly timeframe confirmation.
Short
by winnie144
2
USDJPY long-term trading the USDJPY has made an upward movement in the longer term. This trend started on 26 May 2018 and the price has risen rapidly thereafter. The trend line (blue) was respected several times during this uptrend. Personally, I think that this uptrend will stop in the long term and make way for a downtrend. The price does not make new higher heights anymore and this has created a triangle pattern. The price is also close to a respected zone. This zone has been reached several times, but has never been broken. This has not been possible since 9 May 2017. Because the triangle is at a height and close to the '' short zone '', I think the price will go the other way soon. When the triangle is broken or the '' short zone '' is touched, we can take a short position. I currently expect some upcoming movement within the triangle. When it is broken, I expect the newdowntrend to start. I have chosen the TP (Target Profit) of 111,870. This is the first respected zone where a turnaround often occurs.
Short
by JvdB99
1
EURUSD upward move The EURUSD is currently in a symmetrical triangle (blue trendlines). I believe this will break in a short term. I expect that it will make an upward movement. As you can see, the Elliot wave has been applied. Here you can find point E in the lower part of the triangle. If the elliot analysis is correct, the triangle will break in the next movement. I expect an uptrend because the green zone is currently being respected several times. Price is pushed upward multiple times. This gives an extra indication that we should think about a upward movement. Also there is a engulfing bar appearing. Nevertheless, it remains to be seen how this daily candle would close.These are motivations to believe that the EURUSD price will soon make an upward movement. If the analysis is correct, I would take a position with a TP at 1.15400 This is a level that is respected multiple times. So it is possible that this point can be a reversal point.
Long
by JvdB99
4
How divergence plays an important role in trend reversals.This is my very first time I am writing any idea about how I read the charts. So my first idea is going to be on Divergence and how it plays an important role in trend reversal. First thing first, trend never stays in one direction forever. Sometimes it moves up and sometimes it moves down but how do we know that in anytime of near future we are expecting a reversal. In the pic below, we can clearly see that on AUDUSD trend is massively down from arrow area and everyone is looking to sell this pair. And every time when this down trend pullbacks we get a better price to sell (as if we are getting a higher price to sell) but think for a minute, when everyone is looking to sell and waiting for a pullback to happen so they can join the massive downtrend who will be the buyer? And how long we can sell a currency? Obviously, it can't remain in one direction (sell in this case) forever. Now in the next picture notice one thing when the price starts to fall down we see a LL and LH and we start selling this AUDUSD pair then another LL and LH and another sell then another LL and LH and another sell. Now we all now that we are making a LL and LH so when market is making LL and LH who will be interested in buying? NO ONE... After first 4 big pushes down, notice one thing all trend pushes seem to be weaker than they were initially and pullbacks are coming in deep. When momentum starts to fade out that will be the first sign that market may REVERSE in near future. A healthy trend always have momentum and health in it. If momentum starts to fade out and trend starts to loose its health what happens that those trend pushes starts to become smaller and weaker and pullback starts to come in deep. This is when Macd comes in handy. In the next pic, you will see after being in a downtrend for so long when you get the first sign of trend is now loosing its power (momentum and health) how you can use macd to confirm. This pic shows that when we were making LL and LH, on Macd we were also getting the same thing, but at the very right bottom of the pic we can see that we had LL and LH but on macd, story was totally different, we had HH and HL so this is the 2nd sign of possible trend reversal and this is time when Macd comes in handy on finding the reversal with divergence. So, in order to confirm we just have to go 1 time frame lower which is 4h in this case to see either we have a HH and HL on 1 smaller tf or not. We can see in above pic after ranging for quite long on 4h we finally had a HH and HL and then the buyers started to kick in. After divergence, buyers came in hot.
Education
by ajwadsaleem
The moment we are all waiting for..Reversals take time. The Dollar Index has been bullsih most of 2018 and it is now showing signs of slowing down, consolidating and/or reversing to the downside. Ofcourse this will offer great opportunities for the dollar related currency pairs. Last week the trendline on the 4 hour chart got tested and rejected but at the end of the week it got broken again. There is a trend line on the bigger time frame coming up right after this one so we're nog jet in a downtrend. Over the coming weeks I'm expecting more dollar weaknes.
TVC:DXYShort
by krissur
GBPAUD LONG SETUPThere is a possibility of a GBPAUD long set up here. There is no technical pattern right now, so there is no trigger to take the trade but we are approaching a very important trend line and the bottom of a support zone Time to put GBPAUD on your watch list for the week to see if a reversal patter forms or we get a big Higher High - Higher Close when we hit the trendline. Thanks for the likes on my previous posts!! Also if you guys enjoy the content you can Follow me so I know you guys are interested!!! Thanks and Much Love<3
Long
by nick203
AUDUSD Long ideaWeekly T.F: Rompimiento de linea de tendencia semanal la cual predominaba para entradas en corto y confirmo salida para posibildad de ruptura de tendencia y nueva tendencia alcista + 78,6% de fibonacci el cual nos confirma retroceso alcista lento. Daily T.F: Doble piso + emas alcistas con ema de 21 restando en zona de soporte 0.715 + 61,8% de fibonacci correlacionado y extension fibo en -61,8% cercano a monthly res 0.755 Orden: Buy order in 0.71575 Sl: 0.70874 Tp: 0.7439 R.R: 1:4
Long
by snipertariy