A radical LBRY Idea - WMay be forming a large W with the inner M formation acting as the 'lips' for the W structure.
If this scenario plays out, congratulations to all the holders.
Your patience through a very volatile coin has paid off.
At first glance you probably think "what is this sorcery?" But take a closer look, symmetry helps with these formations.
Wformation
DXY 96.01 - 0.3 % LONG IDEA * STRUCTURE & REVERSAL PTTNSGood Day Everyone
A look at the DOLLAR INDEX from a monthly perspective we are still net short on the index seeing a rally of some three ( LL) candle on the chart on a bearish rally.
from the weekly perspective the sentiment is still the same 4th month closing an a ( LL ) rally looking for continuation of this momentum to the downside before seeing some reversal pattens to trigger the long trade.
same as on the daily chart looking for a completion of the ( W) formation but for now looking for that push down to level 95.68 before we can start looking for long entries on the index..
lets see how it goes.
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
USDJPY 106.99 - 0.23 % LONG IDEAGood Day Everyone
Here's a look at the USDJPY pair and some idea's within structure for the more aggressive traders on lower time-frames the pair is currently trading in a descending triangle which could be signaling a reversal on the pair the pair has been hitting LL within structure so looking for a break above of structure, looking for a completion of the W structure a break above then a retest of structure then continuation to the upside.
more aggressive traders can trade the range within structure following their rules on entries and SL. LET'S SEE HOW IT GOES
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
GBP AUD - scalp W formationHello traders and analysts
just a quick idea here - price is showing a nice hourly pattern for an inverted head and shoulders or a W formation.
Be aware price can fall down to todays lows of 1.79340 but ofcourse confirmation is key to success as price is reactive.
Trade your plan.
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
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Updates on our pairs as and when we can.
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EURUSD SHORTHello Traders
Here in EURUSD we have a couple of points that have become known!
First of all, slightly messy but we have a "W" formation showing and ending on the resistance shown at 1.099
What does this mean??
We'll likely see a downward spike, possibly even touchdown on resistance before it starts making another upward push because once it comes down, it's likely to form an inverted H&S!
Follow me for updates during the week and join the discussions on Telegram with "Quickpips Free Chatgroup" - I'll put the link on my status! :)
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
USDJPY Intraday Plan: W formation Spotted!Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation ( double bottom: reversal pattern ) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind with taking proper risk management in play if you ever plan to take this idea. Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
LONG GBP/AUD.LONG GBP/AUD, ***IF there is a clear rejection at the 61,80% level of the fibonacci (Daily fib), it is also the 38,20% level of a Weekly fib wich is also on a key level. The market created a W and is now retesting its neckline that should now act as resistance. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
NZDCADIdea: HeadAndShoulder
We don´t want to predict our idea, we want to
react, so when the longtrade hit our TP, then we´re looking
for some riversalpattern in the 1h timeframe , maybe something
like a M- Formation.
VNDA ParabolicParabolic uptrend. Bullish W formation, upsides expected if the uptrend holds. MACD can be seen to be climbing into bullish territory.
USD/TRY buy Price in a W formation to then go on the larger picture for a M formation. lets see how this one plays out. Patience is key
W formation GBPAUDW formation
emas crossed
monthly rejected
trendline broken
With all those confluences i would say that the price is going to continue reversing to the purple area, witch seems to have accumulated orders if we look left been experimenting with wicks regions and seems to have worked out great.
NZDUSD LONG - EQUIY.Dear traders,
So as you can see we expect NZDUSD to go long. We think it will go long because the markt is now in a strong weekly buy order zone. If you zoom in on the daily chart you can see we are now also in a strong buy order zone that is been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en created a nicely "w formation".
For take profit levels and stoplos check our telegram group: t.me
NOTE; If you follow our telegram group you will be always up to date about the last market trades and conditions. This is not everything, there is a lot more in the telegram group:
What can you expect from us in the telegram group?
-A watchlist video. This will be uploaded every Monday in the morning.
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So, we hope you will enjoy this whole idea and that we will grow together!
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EURUSD long set upW forming at lows
engulfing candle
Previous big bear push
watch out for the emas
We failed to make lower lows and have a nice rejection candle closing over the previous level, the emas might start to close in after the engulfing candle. If we break i see the price go to the marked level to watch it come down afterwards
GBPAUD Double W Long set upRight now on the lower TF we have emas crosing over
We already tested the higher TF trend
Failed to make lower lows
2nd leg also failing to make lower lows
price at support
On this set up we are making a bigger W with the final leg of this one also a W, matches my criteria, failed to make lower lows, emas crosing over and we are at an important price zone
I think a good TP would be the next monthly level
EURJPY W forming up or continuation?Even tho we are overall Bearish, i think that the momentum could have died.
On the first inner trendline we did form an M in fact, but just over we have the monthly level, thats why I choose to stay out, we previously formed a W after a huge bear push, but not just after a trendline
Right now the price is failing to make lower lows and respect the lower counter trend, so are making the 2nd pont of a bigger TF W, or making the low of an M to continue the trend, but im leaning towards the first option due that we are un a very low area and big support.
USDJPY long set up indecisionI'm a bit on the fence here
-after a big bear push now we formed indecision candle on the daily
-on the 4h we are forming a W at the Monthly 110.00
-on the 2h we have the emas already crossing over
-We failed to make lower lows
So given the confluences I think we should go up to at least the pink level, but given that it is still indecisive i might wait for some confirmation. Besides I don't like the R:R.
When in doubt, stay out.
USDCHF long set upThe price is currently sitting at a daily level
We are forming a W where we are making Higher Lows
The Emas are starting to cross over
Even tho we are not at the trendline, we still are forming this at some important price zone, the price has been struggling to push downwards. A riskier approach would be to just long this, with a stop past the previous wick, because if the price comes further than that we break structure.
A safer approach would be to wait for the break of the trendline and wait for a rebound of some level.
Good TP area around the monthly 1.0000 level
USDTRY possible long ideaAS we can see on the 15m chart price been ranging in the green zone. I see a possibility of price going upwards. I see marketmakers create a stophunt do enduce sellers and then continue upwards. Also we have to look at the news base there is coming the forward looks positive so i think this will help to push price up.
AUDNZD long ideaPrice is stuck in the 15m timeframe in consolidation but if you look good we see an uptrend. Marketmakers will try to induce sellers creating a W formation to then continue its long position.
AUDUSD long 4hour chartAfter a long bearish trend chanal on AUDUSD we have reached now a area of
consolidation near the weekly suppurt.
We will see a breakout of the bearish trend if we got bearish fundamentels from the USA and good fundamentels from Australia.
So be patient a searching for a good entry on a smaller timeframe.
I will put my SL near 0,70000 and my first TP near 0,715 and the next TP near 0,725 if the Dollar get weaker.
