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Strong Bullish WaveEyes on the pound dollar chart reveal a resolute bullish trend. If contemplating a shorting opportunity, meticulous strategy testing and conservative stop-loss management are paramount. 🛑💼 Turning to the weekly chart, a pullback effortlessly rests on prior resistance, indicating the enduring strength of the overarching bullish trend. Daily chart support stands steadfast, with potential traders wary of a head and shoulder formation at 1.2831. However, personal experience dismisses this due to the prevailing robust momentum and familiarity with the pattern after 18 years of trading. 📊 Glancing at the four-hour chart, a consolidative phase presents several trading prospects, soon to be unveiled. On the hourly chart, further confirmation emerges within the consolidation phase, unveiling ample trading opportunities. 🕒 Returning to the weekly chart, analysis and strategies take center stage. Within the buy zone, prospects for buying opportunities flourish. Daily chart showcases a bullish gartley pattern on retest, inviting trading action. The four-hour chart displays a gartley pattern with a retest setup, accompanied by a prolonged consolidation period spanning 68 bars. This scenario prompts a choice between swift engagement or risk-reward patience. ⏳💰 For those aiming for counter-trend maneuvers, a shorting chance beckons at 1.2955 via a bearish shark pattern. Alternatively, a bullish bat pattern on the hourly chart, yet to solidify, offers a preferable entry at 1.2636. Trading transcends mere trend analysis, requiring timeframes, filters, and entry conditions for success. The ultimate goal is profit without undue trade extension.
Long
by RaynLim
Riding the Bullish WaveAmidst the whirlwind of events, the Euro-Dollar chart stands strong with a bullish trajectory. 📈 The weekly chart showcases a series of resolute highs, fortified by untested supports, painting an appealing canvas for potential buying opportunities. 🎨 Zooming into the daily chart, a pivotal support at 1.0834 shelters the bullish sentiment. A breach here could cast shadows on the prevailing optimism. However, the four-hour and one-hour charts echo a touch of bearish undertones, contrasting with the larger bullish narrative. 📉🕒 Within this landscape, the spotlight is on a possible buying chance, defying the bearish signals of the lower timeframes. Back on the weekly chart, attention focuses on 1.1232 as a battlefield for counter-trend short positions. Conversely, trend traders set their sights on 1.0698, a fortress for ultimate pullback aspirations. On the daily chart, anchored on support, a magic candle confirmation beckons before diving into trades. 🛡️🕯️ Shifting gears to the four-hour chart, a bullish bat pattern is poised, brimming with confirmation yet diving deeper. Patient traders await a trend line breach and RSI divergence as signs for opportune action. 🦇📊 The one-hour chart reveals a potential shorting scenario through a bearish shark pattern. The saga unfolds from point C, advocating patience for the sell zone breach, a signal for bearish entry. 🦈
Long
by RaynLim
Immediate Trading Opportunities AwaitDon't let Monday's reputation of slower market movement deceive you! This week, four immediate trading ideas present themselves right at the market's open. Many traders might overlook these due to the common notion that Monday trading is sluggish. Avoid this pitfall by conducting your analysis over the weekend. Stay ahead of the game and seize these trading prospects. Canadian Dollar vs. Japanese Yen Turning to the Canada Yen pair, the weekly chart shows a retest of the previous high, indicating a predominantly bullish movement. The daily chart solidifies this bullish trend. Counter-trend traders can explore pullback opportunities to secure good earnings. The four-hour and one-hour charts mirror this setup, offering counter-trend traders a chance to benefit. 🔍 Weekly Chart Insights 🔍 For the Canada Yen pair, a bearish Shark pattern retest presents an opportunity. Counter-trend traders can consider shorting at 108.75, potentially accompanied by RSI divergence. On the daily chart, a shorting opportunity is plausible with a retest at 109.12. 📊 Immediate Focus: Four-Hour Chart 📊 A bearish Bat pattern, already completed, captures my attention on the four-hour chart. This can potentially be shorted right at the market's open, or a bit of patience can be exercised to await an ideal confirmation. An entry point of 107.87 seems fitting if the trade conditions align. Conversely, a buying opportunity might arise with a bullish Bat pattern at 104.67. 🕒 Action-Oriented Monday 🕒 On Monday, my attention will primarily be on the four-hour chart for this trade setup.
Short
by RaynLim
📈 Navigating Euro-Dollar Trends: Trading Insights 📉Greetings, fellow traders! Let's delve into the Euro-Dollar trends and identify some potential trading opportunities. 🌍💱 📊 Weekly Chart Insights 📊 The bullish trend continues with a notable pullback, keeping our attention on the upswing. The market's pullback has tactfully avoided breaking crucial support at 1.0637. Transitioning to the daily chart, we find ourselves back in the buy zone. 🔍 Spotting Entry Points 🔍 For those eyeing a buying opportunity, a bit of patience might be wise as we await further confirmation before engaging the trade. The four-hour chart showcases an enticing support level at 1.0921, primed for a potential buying entry. Similarly, the one-hour chart hints at a possible pullback setup. 🔎 Charting Trading Prospects 🔎 Weekly Chart: Trend traders might consider a shorting possibility on a retest at 1.1232. Daily Chart: Watch for confirmation at 1.0913 for a buying opportunity. Four-Hour Chart: A bearish bat pattern completion at 1.1134 could intrigue shorting enthusiasts. For buyers, a bullish bat setup may require a magic candle confirmation at 1.0883. One-Hour Chart: An AB=CD movement completion at 1.0914 offers a potential entry point. 📅 Seizing Opportunities 📅 This week presents an array of trading prospects. The key is clarity in your trading intentions. Are you pursuing a trend trade, a counter-trend pullback, or simply capitalizing on setups as they arise? Planning using the A.P.E framework—Analyze, Plan, Execute—can be your compass to success. 🚀 Ready for Trading Success? 🚀 For those keen on utilizing the 15-minute-a-day A.P.E technique to enhance your trading prowess and boost income, don't hesitate to reach out. Elevate your trading game with strategic precision!
Long
by RaynLim
BAT/USDT next move ?👀 🚀BAT Today Analysis💎BATUSDT appears primed for a bullish move, given the presence of an unmitigated Order Block (OB) above. 💎 Looking back, we noticed a shift from demand to supply, causing a significant drop for BATUSDT. Once it swept the downward liquidity, it set an upward momentum. 💎 Notably, the first bounce was stronger than the second, indicating less liquidity and suggesting that the price is expected to mitigate the unmitigated OB. 💎 However, if the price drops below the critical point, it could experience a 13% downward move. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
by MyCryptoParadise_Simon
EURUSD ADVANCE HARMONICS PATTERN BAT BULLISHHello Traders, and welcome to another Technical Analysis with TCPLTP! Today, we'll be exploring the EURUSD pair, which has formed an advanced harmonic pattern called the Bat pattern on its hourly chart. Before we dive into the setup, let me guide you through the key aspects of Bat patterns: The Bat pattern is a popular harmonic pattern that helps identify potential reversals in the market. It consists of five points: X, A, B, C, and D. The pattern is characterized by specific Fibonacci ratios between these points. Once the Bat pattern is identified, we look for potential entry points and targets. The entry is usually at the completion of the CD leg, while the targets are set at Fibonacci extension levels of the AD leg. Now, let's get back to the EURUSD Bat pattern setup. With the necessary knowledge of Bat patterns, we can better assess the trading opportunity presented by this formation. Let's take a closer look at the trade opportunity: Long Entry Level (EL): 1.09437 The long entry level is strategically set using Fibonacci thresholds from different swings in price. This level marks the potential entry point for a long position. Stop Loss (SL): Below 'D' The stop-loss order is placed below point 'D', which is a common practice in trading harmonic patterns. This placement ensures that the trade is protected in case the pattern fails to play out as expected. Target 1: 38% AD: 1.10515 50% AD: 1.10940 Target 1 represents potential exit points for the trade. These levels are based on Fibonacci extension ratios of the AD leg. Traders often take partial profits or adjust their positions at these levels. Target 2: 62% AD: 1.11364 79% AD: 1.11982 Target 2 provides additional exit points for the trade. These levels are also based on Fibonacci extension ratios of the AD leg and may be used for more significant profit-taking. It's important to emphasize that further confirmation is necessary before executing the trade. While the price remains above the long entry level (EL) at 1.09437, the pattern is considered valid. Traders should exercise caution and wait for additional confirmation signals before entering the trade. One common approach is to wait for the price to close above the long entry level or look for other technical indicators that support the bullish bias of the Bat pattern. Trading with confirmation helps reduce the risk of false signals and increases the probability of a successful trade. Patience and discipline are crucial in waiting for the right conditions to align before executing a trade. Remember to always use proper risk management techniques and set appropriate stop-loss levels to protect your capital in case the trade doesn't go as expected. Happy trading and may your trades be profitable!
Long
by TradeChartPatternsLikeThePros
5
WTICOUSD: Triple Bullish Divergence at Bullish Bat PCZWe have a Triple MACD Bullish Divergence at the PCZ of a Bullish Bat that happens to align with the 200-Week SMA and the 800-Week EMA. I have generally been bearish on this chart since the highs back in 2022: but the persistence it's shown at this Harmonic and Technical level of confluence makes it hard to ignore the potential for at least a 50% move up back to the level of $100. The 1.618 is at the level of $96.13 but usually if price gets that close to $100, the asset ends up hitting $100, so my target will be $100. I do think that after it hits the level of $100, it will likely come back down and continue the bearish trend all the way down to even $10, but in the meantime, it looks like there is a decent chance of a short-term rally, which in this case happens to be about a 50% move up from the current level.
OANDA:WTICOUSDLong
by RizeSenpai
Bullish Bat H1Open - 1936.04 TP1 - 1951.25 TP2 - 1982.18 TP3 - 1988.01 SL - 1921.59 Always target the 1st take profit once the setup has been validated as it is always reached. This assertion is based on previous setups. Take note that this is a bearish down trend as confirmed by the SMA 200 and Money Flow Index. A buy signal has been confirmed by the Money Flow Index as the RSI is in an oversold position. An engulfing candle will confirm a buy but will hit resistance at 1939.19 and possibly reverse and continue the downtrend. If resistance is broken at this level, continuation is expected to hit the 1st take profit at 1951.25 Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors. Happy trading!!!
FXOPEN:XAUUSDLong
by Khoza
$LINK; LONG SETUP- PENDINGHello friends, This is a free of charge BIST:LINK setup for everyone to share and enjoy. However, this is PENDING and AWAITING for more confirmation. I will update all when the trade is a go and or no go. Arguments- A beautiful bullish pat pattern has flew from the caves and printed a local double bottom right around the .786 fib which is the GOLD standard when looking for areas of potential reversal. Now, we are above a infliction point, HOWEVER it is still awaiting that confirmation hence why the trade is still PENDING, as of now. We see on the oscillator's that regular class a bullish divergence has also developed and is in the process of follow through i.e price action. My stop loss shouldn't be your standard, as everyone has different strategies, however this is something that I would do. This is not trading advise and this trade is not active. This is me sizing up an asset and waiting for the alert to hit send ;) GLHF
BITFINEX:LINKUSDLong
by BShellhammer