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Trendreversal

Dollar Index with very bullish patternsHey traders! Seems like since few days we have nice accumulation patterns on Dollar Index. Sellers loosing power in last two days and buyers taking slowly control. Very strong buying waves on the last highs give extremely bullish patterns. Trading around upper channel line is giving information that buyers try to go high buy still they absorb short selling. the dollar index is weighted by the euro in 57%, so if the breakout accrued on this chart EURUSD should be traded short. Indicators used to market analyses: Wyckoff Wave Chart Wyckoff Wave Volume Wyckoff Wave Trend
ICEUS:DX1!Long
by VolumeDayTrader
1
How to SPOT a TRENDTrend trading strategies are very valuable as a trader. The term the trend is your friend is fitting when trading stocks. Knowing how to identify the trend is very important because it gives important clues for entries and exits when trading. "Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend." -Richard Dennis. “Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. I am primarily a trend trader with touches of hunches based on about twenty years of experience. In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading. Way down in a very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money.” – Ed Seykota “I’ve learned many things from him , but perhaps the most significant is that it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – Stanley Druckenmiller “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, “I just lost my money, now I have to do something to make it back.” No, you don’t. You should sit there until you find something.” – Jim Rogers “Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons.” – Jesse Livermore “Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I’m getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis.” – Bruce Kovner "Amateurs think about how much money they can make. Professionals think about how much money they could lose." –Jack Schwager. "The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of the company that can go bankrupt." –Jim Rogers. "It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized." -John Neff. "We don't care about 'why'. Real traders only have the time and interest to care about 'what' and 'when' and 'if' and 'then'. 'Why' is for pretenders." -JC Parets. "You only have to do very few things right in your life so long as you don't do too many things wrong." -Warren Buffett. "The goal of a successful trader is to make the best trades. Money is secondary." -Alexander Elder. "Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong."
CAPITALCOM:OIL_CRUDEEducation
by DaveBrascoFX
EURJPY Short Position The EURJPY pair has recently broken a significant resistance level and is currently retracing back to it, which could signal a potential trend reversal. A head and shoulders pattern has formed on the chart. The neckline of the pattern (146.400) is a key level to watch, as a break below it would confirm the pattern and potentially trigger further selling pressure. The MACD and RSI indicators are also showing signs of bearish divergence, which supports the idea of a potential short trade. The target for this trade is 145.200 the previously broken resistance level, which could act as a support level and potentially provide a bounce for the price. A break above the right shoulder will invalidate the bearish bias. It is important to note that all trading decisions should be made in accordance with one's own risk management strategy and analysis of the overall market conditions.
Short
by DennisDims
GBPCAD - Trend Reversal - 1 Hour Time FrameBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LL (lower low) is broken, it would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
Solana ProjectionsTraders, As projected Solana did break to the upside of our area of confluence which was the intersection of our 50 day, 200 day, and descending TL (black). As you know, I had been waiting for this break before making an entry. The confirmation candle came but the move was too quick for my liking. I am not about chasing. So, here's what I am now waiting for: Solana tags resistance at HKEX:25 - HKEX:26 , Solana then pulls back for a classic retest of previous resistance (now support), and then, Solana takes off towards our target area. All of this should take quite a few weeks/months. I will be looking to enter at either a retest of our 50 day/200 day or descending TL. Stay tuned. Stew
COINBASE:SOLUSD
by stewdamus
2
Bitcoin Shoters Must Read: A Sweet Spot for Shorting or a Trap?The current price range of BTC is influenced by previous reactions to the 26800 to 32400 resistance range, which is a significant point of interest for buyers and sellers. This range has played out in the past, with trading occurring more frequently at this price compared to nearby support and resistance zones. The current pull-up in BTC is not a clear sign of a bull market but a secondary trend, which is a reaction to the primary trend. Resistance is not a specific price but a price range, and patience is required for buyers to max out. There is a high chance of BTC being rejected in this zone, leading to a resumption of the primary trend. The chances of BTC reaching 40k before this primary trend resumes is up to 45%, but the resistance in this zone tends to be jam-packed, making the less resistance direction downward. The best point to short BTC would be after the bulls' second attempt to cross the resistance range, and only when the chances of it going down improve to at least 78% to 80%. A move down would lead to bulls trying to max out around this range to continue the primary trend, providing a sweet short target at 24k, 20400, 18k, 16k, and possibly 12k.
Short
by MachiavelliTrader
US30 | INVERSE HEAD AND SHOULDER | Bullish An inverse head and shoulders pattern is a bullish chart pattern that forms after a downtrend. It consists of three lows, with the middle low (the head) being lower than the two other lows (the shoulders). The pattern is completed when the price breaks above the neckline, which is a trendline that connects the high points of the two shoulders. On the other hand, the CURRENCYCOM:US30 US30 chart a pattern of lower lows and lower highs is typically associated with a downtrend, as each subsequent low and high is lower than the previous one. This suggests that the market is making lower lows and failing to make new highs, indicating a lack of buying pressure. It is important to note that technical analysis is just one tool in investing and should be used in conjunction with other forms of analysis, such as fundamental analysis and risk management strategies. It is also important to remember that past performance is not necessarily indicative of future results, and investing always carries risk. Follow For more Ideas.
ULong
by awaisulabdeen
2
Btcusd : Bitcoin sharp price actionBINANCE:BTCUSDT Hi trader's , Bitcoin after yesterday fed news of interest rate Price went down with immense pressure and hit 50 ema of 4hr 50 ema support's the buyer's and price went up sharply again price trading around daily resistance , if candle of daily closes below 28350 than u can see a downtrend for next few day's vice versa if candle closes above than u can see upward movement to 30k mark , where major resistance can push market down again ❤️ Please, support my work with follow ,share and like, thank you! ❤️
Short
by INVESTRONE
AUDUSD Long TermAUD Weakness will be Over in Near Future. Bullish Momentum will resume near 0.65000-0.66000 Area. Wait for Price Action to Confirm Bulls Entry in Order Block Zone. Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved. Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading. The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions. Patience | Discipline | Trade Management
Long
by Aivexo
BTCUSD CHANGE OF TREND TIMING SIGNALSTrading signals & market timings will be available again soon! Are you tired of making losses trading Bitcoin? This video will teach you the BTC secret trading strategy and predictions, and how to trade with sniper accuracy to increase your earnings. In this video, you will learn how to use a simple and effective trading strategy to master Bitcoin trading and achieve a 10x ROI in just 30 days. You will also learn about risk management, sniper accuracy, and profitable BTC trading strategies that will help you achieve consistent profits. Don't miss out on this opportunity to take your BTCUSD trading to the next level!
INDEX:BTCUSD
by Anonymous_Analyst