Analysis 6/6 Hello Trader's, first of all if you agree with this chart please give it a thumbs up and give me a follow for more charts in the future.
We are overall bullish on GJ right now. I do see a correction coming so I anticipate price falling to 154.500 or even 154.000 before continuing bullish. We haven’t yet completely broke through the weekly structure yet 155.500 we did fake out of it though.
***trade at your own risk***
Zonetozone
Analysis 6/6 Hello Traders, first of all, if you agree with this chart please give it a thumbs up and give me a follow for more charts in the future.
This is my analysis of EURJPY. Waiting for price to retest 133.000 and continue up or breakthrough and retest price 132.500 and then continue up to next zone price 134.000
***trade at your own risk***
WHY I WOULD BE GOING SHORT ON GOLD!GOLD SHORT BIAS - DAILY TIMEFRAME;
Analysing #XAUUSD on the Daily timeframe, I am looking to taking potential sell positions upon the retest of the previously formed Daily Supply zone, which confluences with 4H, 1H and m30 Supply zones.
On the Daily timeframe, gold broke previously formed resistance at 1764 and started forming series of HH and HL.
Expecting previously formed resistance at 1960 to be broken, because above 1960 - 1965 lies a lot of liquidity to be grabbed.
Talking about liquidity, upper trendline in the Daily timeframe broke, collecting all liquidity above it in this current rally.
#gold #xauusd #eyethesackfx #thinkandtradelikeawallstreetbank #zonetozone #etsremorastrategy #forexsignals #goldanalysis #ghanatraders
+55 pips and counting ! GBPJPYCheck my previous signal post below , go through it and make sure you understand the reason behind my Short long (long sell) idea.
Insert the Bollinger Band indicator into your chart and in H1, you'll notice that just as the bands contracted around 153.950-154.120-ish, it started expanding when price started impulsively bullishing to 156+.
You'll also notice in H1 that the bands started contracting around the high price went to and just started expanding and price is already in a downtrend which means history is definetly going to repeat itself.
With all that said, i believe GBPJPY still has a lot of room to fall, more like a 100+ pips range to bearish.
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155.550 the first likely TPTrading against the trend isn't my style but i believe this idea has garnered enough traction to make GBPJPY a possible sell all the way back to the 154 level which when price gets there, could keep bearishing to 153.
Once the trendline that's acting as the support gets really broken, price should begin it's move down.
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BTCUSD Analysis complete...2 way streakAfter that sweet head&shoulders was complete, price was supposed to fall 4000pips down to 33278 or thereabout but rather, it went only 800pips which means if it cannot complete the bearish move, there's a possibility that it's likely to reverse back up and after it breaks the support at $37400, it will go all the way to $4000+.
Parameters for BITCOIN
Pair: BTCUSD
Side: BUY NOW
Entry: 37000.00
TP 1: 38410.00
TP 2: 38820.00
TP 3: 39347.00
TP 4: 40181.00
Stop Loss: 36114.00
Pair: BTCUSD
Side: SELL LIMIT
Entry: 36200.00
TP: 33280.00
Use proper risk management & do not over leverage your account.
Use position size calculator before opening a position!.
www.babypips.com
NB: The parameter i sent above is a one-time thing.
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2951+ pips and counting !.Bitcoin is already halfway through our analysis which will confirm the inverse Head&Shoulders pattern i wrote about in my previous analysis.
Once the bearish move to form one part of the right shoulder is complete, the bullish move should commence almost immediately because the bulls are waiting to push price above $40,000 which they will accomplish right after the bearish move is complete/over or when the bears are exhausted (it's all the same thing), to complete the other part of the right shoulder and after the Inverse Head&Shoulders pattern is complete, you know what next to expect !.
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80+ pips bagged !.After the bounce off the fib zone, price went all the way to hit our TP's !.
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Bitcoin Analysis complete ! Inverse Head&ShouldersA little insight on the Inverse head and Shoulders
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
I call a short short (a short sell)
And as always for bitcoin:
Stop Loss = 500 pips
Take profit = 5000 pips
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XAUUSD Analysis complete Inverse Head&Shoulders !.Price is going to touch the confluence zone in order to form one part of the inverse right shoulder before we long price to the moon.
Let me explain what the head and shoulder pattern entail and how to trade it..
THE HEAD AND SHOULDERS PATTERN
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
NORMAL H&S
Left shoulder: Price rise followed by a price peak, followed by a decline.
Head: Price rise again forming a higher peak.
Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head.
INVERSE H&S
Left shoulder: Price declines followed by a price bottom, followed by an increase.
Head: Price declines again forming a lower bottom.
Right shoulder: Price increases once again, then declines to form the right bottom.
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Analysis complete !...OVERSOLD XAUUSD Check the fib or draw yours, check out the divergence, it's too sweet of a trade to miss !.
I call a short long (short buy) for this trade to 1870ish....
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AN IDEA, NOT A SIGNALI'm not a big fan of currency pairs anymore since the dollar index started acting up but if you can ride this trade, that's your win.
This is a short long (short buy).
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Waiting For The Breakout TradeWith gold ranging, this could go either way. Price is literally sitting in between two of the strongest key levels on the chart. Even though the monthly key level is the strongest, the weekly level has gotten a lot of respect has resistance. So prices can actually continue crashing down. It could also bounce on the monthly one more time and give us a big bull run.
My targets are set for a breakout trade with this pair, so let's wait to see which way is going to go.
BULL TPS:
• 1781.97
• 1800.26
• 1818.83
BEAR TPS:
• 1760.25
• 1741.66
• 1726.44
• 1715.69
Multiple Confirmations For The ShortI have multiple confirmations for the short to last at least a few days or for the week. We have a bearish engulfing on a daily timeframe plus, we also have multiple bearish engulfing candles on the 4-hour chart after the monthly level was respected as resistance.
So one of two things is going to happen: this will be a pullback for another bull run, or we're about to do another nosedive to make a new lower low. Let's find out.
BULL TPS:
• 58096 .71
• 59603.93
• 61359.15
BEAR TPS:
• 55750.00
• 54364.99
• 52953.39
AUDCAD SELL BIAS (H4 TIME FRAME)
AUDCAD SELL BIAS ; H4 TF 📉
In predicting market turning points, it is important to take note of market structure and location.
In AUDCAD, the market makers are willing to reprice or bargain that supply zone at a fair price, because price created a market liquidity void (a porous price action) that needs to be filled.
Risk to Reward >>> 1:7
190+ pips with 2% returns
Sell Limit --- 0.96917
TP1 --- 0.95863
TP2 --- 0.94999
SL --- 0.97192
Apply tight risk management.
PRICE IS EVERYTHING; SUPPLY AND DEMAND IS ALL THAT MATTERS ABOUT IT!
#thinkandtradelikeawallastreetbank #orderflowtrading #supplyanddemand #audcad #audcadshort