Zonetrading
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***
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***
Check out my analysis for CADJPYPossible setups for next week. There could be a possible double bottom forming in the 1 Hr TF. Price has already respected price 90.500 and could respect it again.
Other possible scenario is that price can drop down to 90.000. It does seem like there was a head and shoulders pattern that formed this week.
Always remember to make time for backtesting. Its so crucial and very beneficial for your forex trading.
EURJPY Analysis 5/30Hello traders, this is my analysis of EURJPY. Price has continued to keep closing under price 134.000. Although, there is a potential fakeout from last week. Over bullish, but correction is needed.
Two scenarios.
1. Price can fall drown since it has been closing under price 134.000 and drop down to price 133.000
or
2. Price can just continue bullish to 134.400
Like if you agree with any scenario.
EURNZD Analysis 5/30 LongHello traders, this is my analysis of EURNZD. Price broke and is currently retesting price 1.68000. There are two possible scenarios. Price can retest 1.68000 and continue bullish or the price can break through 1.68000 and head downwards to price 1.67200 and retest from there and go upwards. Like if you agree. All feedback is appreciated.
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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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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Trading Zones after pre-market drop (May the 4th be with you!)These zones were created starting with a daily chart . Previous day and overnight values mapped with colored lines. Pivots (blue lines) were established on the 1H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities.
Morning sell off after Jerome Powell speech yesterday...
May Be A Pullback Before A Bullish ContinuationLooks like a correction is happening before we continue the bull run with this pair. I missed the move paying attention due to watching higher volume pairs, But will keep an eye on it this week from here on out. When this pair moves, it MOVES. So here are the TPS I want to see the price complete when it makes a full decision where it's going.
BULL TPS
1.49803
1.50555
1.52001
BEAR TPS
1.48504
1.48060
1.47507
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opportunity zones and next best trades 4/29These zones were created starting with a daily chart. Previous day and overnight values mapped with colored lines. Pivots were established on the 4H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities.
sp500 mini 4/22 zones and next best trade ideas These zones were created by combining several indicators, as well as Fibonacci and volume profiles.
I started by laying out 3 point spread rectangles on high volume nodes on the volume profile , and then refined those zones based on previous consolidations. I then add overnight/intraday ranges levels, highs and lows. I map out auto-fib retracement levels (as well as reversed auto-fib levels), and 1hr woody pivots on a 1hr timeframe. I switched to standard pivots and mapped those as well. With all of these levels marked, I looked for areas where they were grouped and further refined the rectangles. I also noted where the 34/50 ema cloud vs 5/12 ema cloud are in relation to the zones.
Trade opportunities are marked in orange, looking for pullbacks and breakouts.
NZD to drop against the USD?Tough one to call on this due to the big move up in to the sell zone I have marked out.
Few levels of confluence, including the Fib Retracement Golden Zone, possible popular Price rejection based off fixed Range Volume Profile.
I will wait and see what type of structure gets created on lower timeframes and then decide where to enter should an probable opportunity arise, plenty of targets to aim for on both buy and sells on this one.