Bitcoin massive bear flag formation - TARGET 9k-10kMassive bear flag forming that predicts a target between 9k-10k in the following months.
M-pattern
EURJPY Bearish Price Action, Watch For Sell
Here on EURJPY mid time frame, we can see the price has clearly impulse out of the MTF corrective structure.
With a strong bearish impulse phase, we know price will need to correct in order to continue lower.
In the last 2 days price has slowly been consolidating in the latest development, good sign for further downside if correction completes.
Wait for lower time frame bearish price action to confirm more downside potential.
after result us 30 pre breakout hello tradres i have done a pre breakout strategy if you want to learn follow me it is possible to make money click that follow that free signal
after result Gold it is possible to catch this crazy moves guys lets trade easy it is all about knowing the right information look my other posts how it is easy to predict the market and enter early with out even waiting the breakout
u30 breakouthello traders this is more of an ascending triangle as a descending or simply a trendline breakout strategy can be a bit unique for some but it works guys if the concept behind is correct wait for session wait for candle close
Gold flag breakout expected i am expecting higher prices on Gold it was in a very good bullish momentum seems like making falling flag this is what we hav right now but the patter can change we can only confirm at the killzones if there is any update i will post further keep follow for more
GBP - Weekly/Daily close will be key! GBP - Weekly/Daily close will be key!
GBPUSD - At a very key resistance, we have NFP today that will shift the market. We did have GDP m/m Bullish 0.3 Higher than expected. I think when it comes to GBP there are very bearish views when it comes to there fundamentals and there rate hikes but I don't think the situation as bad as it's considered. What does this mean and how can we trade this opportunity? Well, we can first wait for daily close and see how we close and perhaps wait for pull back and get in long taking us back towards key resistance areas of 1.21 half areas and target areas 1.23. However, if we are fail to close above we are back within the range until further clarification. Don't forget to check minor pairs such as EURGBP & GBPAUD as commodity FX is lagging there are plenty of trading opportunities, including GB10Y W set up.
Now we do have NFP, if that beats expectation we could get pull back in GBP. However, if it comes out lower than expected NFP I expect dxy to decline and majors to rise. And see how price reacts if it beats expectations and by how much and vice versa - that's what is very key!
Now regarding GBP technical view:
High: 1.21560
Low: 1.18420
Pattern: Wedge/Channel
A break above the highs and 200/50 EMA I expect further bullish momentum and target area of 1.23 areas. If we are to break below of 1.18 handle then 1.15 is still on the table. However, at this current moment of time we are within the ranges and we have to respect that, in addition you could even go to lower time frame of 4hr and get better price!
Trade safe and have a great weekend!
Trade Journal
Xau/UsdHello traders! In my opinion, in medium term this pair is sell.
Targets:
Sell 1880.00 ; 1840.00
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
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GBPUSD Reaches Critical ResistanceThe GBPUSD has broken down from a bearish price pattern, touching the monthly trendline at 1.1800 before rebounding to retest the previous breakdown level at 1.19254. We anticipate a potential reversal from this level back to the downside, although there is also a possibility for the price to continue rising towards 1.19984 before reversing lower.
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NZDCAD Descending Triangle Pattern NZDCAD DOWN TRIANGLE Break pattern and close candle below Pattern Then Active Short Trade and Target Support Area.
GOLD CUP & HANDLEI would write a bunch of nonsense here including how the MAVS are lining up and RSI is blah blah blah, but if youve traded before a day in your life you understand what it is you are looking at and for the reasons why its happening, well:
US DOLLAR = TRASH
GOLD = UP
CUP & HANDLE = TRADE IT GENIUS
USDJPY BEAR SWINGHere we see USDJPY in its final push upwards. As we can see by the chart 138.00 is a very significant level for TWO reasons
1. It is a major FIBO level that is retesting the overall DOWNTREND that we are on from a WEEKLY perspective, this has been a necessary retracement to the massive downward trend that we had begun late last year.
2. It is the 1.6 FIBO EXTENSION of our current Daily/H4 uptrend and at this level usually overbought/sold conditions exist
Using this framework we can create a nice entry for our resulting swing downwards. This trade highly depends on the NFP data next week to come in not as HOT as last month
nas 100 hello traders nas is in a bearish momentum we like to trade in the dxn of the htf click that follow that lets make money update everyday lets make trading easy result will be posted
M&M*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level.
Note: Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering
how price action work near that level. Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
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We now wait for NFP!We now wait for the NFP!
Here we have the silver chart in-front of us!
We are currently within the range of lows: 19.800 highs: 20.450, Pattern: Triangle/ Bear flag
If we are to go above key resistance area and above 50EMA + TL resistance I expect first target to be 20.750 areas and then 200 EMA areas which is around next resistance zone of 21.400. However, we are to decline with a strong NFP, I expect 19.500/400 to be your target areas.
Regarding NFP checking the other data as well, see the differential of it and is it at a vast numeric change.
Trade Journal
BBTC was also in pattern breakout pr breakdownbe ready for buy or sell on monday comment me for stocks analysis for free just comment me nAME OF STOCKS
BTC 15m Double Top Turned Into Smaller Double BottomThe double top we had was invalidated twice, creating a smaller double bottom pattern, which is already broken and now retested. A potential target is 20320, and above that price, we have a big hole in VPVR, which can help the price rise above this level too. To me, this seems like a fake out, based on the waves indicator at the bottom, but the long option is possible.
USDCAD - LT/MT Idea!CAD - LT/MT Idea!
We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD:
This chart is based purely on Technical aspect.
Currently we within the ranges - Highs: 1.37355 & Lows: 1.32485
A break of highs, we could be forming the pattern W / Break out of wedge/triangle formation
Target areas: 1.38885 & 1.41290
A break of the lows, we break below 50EMA + break out of pattern takes us to 200 EMA + TL
Target areas: 1.30270 & 1.27955
Take into consideration of other FX minor pairs such as CADCHF - Stuck within range, ready to break! There are great opportunities out there for us traders to take advantage, of.
Trade Journal
Shortsqueeze BNB?oh, yes today was a volatile day, while Powell gave his testimony, the market moved a bit up and down.. With the news yesterday, that the increases may continue, the market was in a panic since a few weeks ago It was assumed that there would be no increases. Surprise the Fed did it again. But currently the market must price in .50 and who knows if .75, what I currently expect is this shortsqueeze move and then a gradual fall. Good luck friends.
EURJPY - Trade idea!EURJPY - Trade idea!
This post is purely based on technicals!
Pattern: Wedge/Triangle - A break to either direction.
Highs: 145.575
Lows: 144.030
If it breaks the highs expect your target areas to be 147 low areas & If it breaks the lows expect your target areas to be 143 areas (200 EMA).
Be careful of false break outs and we do have a busy day on the docket today!
ADP, Powell day 2, JOLTs!
Have a great day ahead!
Trade Journal
AUDCADThis Is JUST An IDEA.
AUDCAD BULLISH BUTTERFLY PATTERNS .
IN AUDCAD H4 Timeframe Have BULLISH BUTTERFLY PATTERN TAKE PROFIT Are GREEN LINES.
Be joyful and give to another one.
GBPUSD is forming a double topDuring a congressional hearing on Tuesday, Federal Reserve Chairman Jerome Powell announced that the central bank is expecting to raise interest rates multiple times in the coming months. Powell also stated that the Fed would be ready to speed up its monetary policy tightening if necessary. This announcement is consistent with previous hints from other Fed officials and was made to communicate the Fed's plan to raise interest rates by 50 basis points next time.
However, if the Fed does raise interest rates by 50 basis points, it may indicate that the previous increase of 25 basis points was insufficient. Accelerating the pace of rate hikes may also raise concerns about the Fed's policy decisions. It is uncertain whether the Fed will raise rates by 75 basis points next time, which could cause turbulence in the financial system.
In addition, the US government has stopped issuing bonds due to the debt ceiling, but when bond issuance resumes, there are two potential outcomes. One possibility is that an increase in supply will cause bond interest rates to rise. The other possibility is that demand will remain strong, minimizing the impact. If interest rates rise due to increased supply, it could put upward pressure on the dollar.
As the dollar strengthens, the pound is weakening and is currently testing its neckline. If the pound breaks below this neckline, it could lead to a double top test of 1.12-1.14.
