AUDCAD IdeaLong-term outlook = Potential Head and Shoulder formin for mid-term swing short positions.
Short-term outlook = Falling channel = Long opportunities. Target - 90% rule
Disclaimer:
For educational purposes only.
Patterntrading
GRWG - Head and ShouldersThis one is a trade for the patient followers, as the targets are big with huge moves.
We are seeing a head and shoulders pattern, and are now waiting for the price to break the neckline, so we can take our short position.
The first take profit-level will give a return on investment of 29% while the second take profit-level will reward with 54%.
The target gives a ROI of 120%
CABLE STR INCOur cable trade from several days ago is playing out BEAUTIFULLY
lets see if we can get some SUPPORT STRUCTURE tomorrow with CPI
Hopefully anyone who missed out can get in before the main rally
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
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
OIL INDIA Clearly the most undervalued stock (with P/E ratio under 3) as compared to other stocks of this sector oil and gas industry ⛽
My avg. Buy at 180
Key Notes as:
Cmp 240
Book value 340+
EPS 80+
ROE 20+
Face value 10
Good Q3 results
Decreasing Public holding
Increased Mutual fund holding
Formation of ABC pattern (Sea horse)
TGT 325-350+
SL BELOW 220-200
So approx. 1:4 setup ready for medium term
Good risk:reward setup
Note: Just an idea not any recommendation to buy or sell the particular stock entity mentioned here ..
CABLE BULL BREAKOUTAfter several weeks of Price action consolidating on CABLE inside of a DESCENDING WEDGE and forming several HARMONIC PATTERNS it appears as though we finally have a winner between the bulls and the bears. Based on the price action a bottom has been formed and a breakout of the WEDGE PATTERN has occurred. Assuming this is a STEP ONE BREAKOUT and a total reversal of the bear momentum, we should see a RETEST next week, potentially during CPI, and a KISS of the broken trend.
Entries have been painted in two parts along with a stop loss BELOW the painted support areas @1.192, if CABLE is to break back into the pattern and challenge the bottom formation again, we will get out before it does so. If all goes well a new BULL TREND could form and CABLE will attempt to make a NEW HIGH
EurCad Head And Shoulders Pattern ShortEurCad Head And Shoulders Pattern Short in H4 Order Block important zone.
Yemi_Fx1 | Short for NZDUSDPrice is in a consolidating phase in the form of a bearish flag pattern. If the pattern holds there will be a continuation for price movement to the downside. So,
I'll be considering
A Risk entry type at the top of the bearish flag structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Yemi_Fx1 | Short for XAUUSDFrom 1HTF perspective XAUUSD is moving in an ascending channel (Reversal pattern) waiting patiently for price to approach the area of value with a sell confluence before going short. So
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Yemi_Fx1 | Short for EURUSDEURUSD(Fibre) is trading and moving in an ascending channel. Looking forward for price to make a third touch with the upper dynamic trendline. If this holds then the pattern Will play out. So,
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
📉 4 Common Bearish PatternsIn trading, a bearish pattern is a technical chart pattern that indicates a potential trend reversal from an uptrend to a downtrend. These patterns are characterized by a series of price movements that signal a bearish sentiment among traders.
📍Bear Flag
🔸 A small rectangular pattern that slopes against the preceding trend
🔸 Forms after a rapid price decline (flagpole)
🔸 The pattern is completed when the price breaks below the lower trend line of the flag
📍Descending Triangle
🔸 A bearish continuation pattern that forms with a horizontal support line and a descending trendline
🔸 Forms as the price reaches lower highs, while the lows remain at the same level
🔸 The pattern is completed when the price breaks below the horizontal support line
📍Rising Wedge
🔸 A bearish reversal pattern that forms with a series of higher highs and higher lows
🔸 The pattern forms as the price moves up in a narrowing range
🔸 The pattern is completed when the price breaks below the lower trendline
📍Triple Top
🔸 A bearish reversal pattern that forms with three peaks at the same price level
🔸 The pattern forms as the price reaches resistance at the same level multiple times
🔸 The pattern is completed when the price breaks below the support level, which connects the lows between the peaks
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Important Bitcoin Alert🚨IMPORTANT BITCOIN ALERT
1HR Timeframe,
We know that the 0.618 Fibonacci level is full of sell orders at the moment and we will see. It will be very hard to break, a lot of people are trying to catch up with the dump from there. Knowing that Bitcoin is BEARISH on the mid-term timeframe. So I believe that we will see a good short position from there.
LIMIT ORDER that should be set and not forgotten.
Limit: Bitcoin
Leverage: Cross x20
Entry: 22750 - 22868
Targets: 22483 - 22041 - 21057 - 20500
Stop loss: 23212
Nonfinancial advice
Potential reversal on SPYWe are looking at a potential reversal here on the AMEX:SPY . To the bullish side. Let's break it down from June 22 2022 until now as you can see the chart tried to perform a reverse head and shoulders. But it did not reach its original high due to a trendline. This shows is that there intense selling pressure and the trend line is still valid. After the not-so-good-looking head and shoulders pattern it retraced to a support zone near 372. Then after it did a rising wedge pattern and the buying pressure broke the trend line. Now it seems like it is going to trace back and hopefully bounce off.
CABLE BULLISH 3 DRIVEAfter some careful consideration of the price action I realized that CABLE was making a very RARE, DOUBLE HARMONIC pattern called the 3 drives.
In this case it appears as though CABLE is creating a BULLISH THREE DRIVES DOWN harmonic pattern. Which would frame our sells at this point and give us a nice potential EXIT to any CABLE sells at point #3.
From point #3 it is a very high likelihood that CABLE will experience some form of bullish impulse wave. The current trading plan is to ride the THIRD DRIVE TO THE BOTTOM, which is wave 3 of the second harmonic pattern that is contained WITHIN a 3 Drive pattern.
After completion of wave 3, the size of the resulting impulse wave should give clues to the next step in CABLE
GBPJPYA fast descending drive with a triangle correction.
If this triangle is broken down, it can create another downward kinetic wave.
EURUSDA channel is conceivable, but in addition to this, we need to pay attention to the slow movements of the upward waves and the rapid movements of the descending waves.
XXII - Falling WedgeOn the chart we see a falling wedge occurring. We are expecting a breakout in the near future.
There are regular bullish divergence that will play out at some point.
The stock is down 87% from its ATH. The trend reversal may be around the corner.
Target is shown on the chart - good luck!
AUDUSDHi
AUDUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Descending Triangle + Bullish Divergence = ConfluenceHi All,
On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs.
There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment.
Feel free to leave feedback on the idea
Blockbullder.
