Get started

Patterntrading

USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- DXY is currently at 104.105 LEVEL. The USD traded slightly lower with the MARKET RISK OFF in the last few days. Also, at present the CAD FEATURE is at 0.7725 LEVEL. However, CAD is a bit WEAK compared to DXY. Due to this USDCAD is becoming BUY. This is because the USD receives a POSITIVE SENTIMENT and the USD receives a RATE HIKE SENTIMENT. - USDCAD PRICE can be DOWN to 1.2732LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.3189 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. You can be a DXY UP from FOMC UPDATES today. So stay tuned for that.
by benny_marshall
ICICIBANK technical analysisNSE:ICICIBANK In ICICIBANK I used auto harmonic pattern to predict the market if u also want to use this then follow the steps: 1) open "indicator" and search "auto harmonic pattern" and click on it. 2) open "settings" and go to "style" and remove "table". 3) this indicator will automatically generate targets. And if u want to understand more then follow us and observe how we give targets and find levels:- 👇👇👇👇👇👇👇👇👇 If it breaks downward level (* 715* ) as you can see in the chart above, then our :- Targets :-- 685 , 625. Make sure that market may retrace after achieve target. For more such information stay connected with us.🤘🤘🤘
NSE:ICICIBANK
by ayushkumarshivaliya
AUDJPY - ONE MORE MOVE LOWER!!FX:AUDJPY is setting up for one more move lower into the 92.00-92.20 area. This would complete a 3 Drive pattern into 92.00. At this level where I will be looking for a buying opportunity as we have the 50% and 61.8% levels from previous lows together which makes a stronger case for a reversal. We also have the AI expecting lower prices. If it doesnt rally back to 93.56 then I will be selling the first retracement from the current drop @ 11:00am. Another look at how AI and patterns can work together to give us a strong case for a trade. I hope this helps, Enjoy the day. 👍👍
Short
by L_F
BITCOIN - ONE MORE LOW TO 23kPatterns repeating over and over. In this look at COINBASE:BTCUSD we are having another rally which should stop around the 34k level which in itself is a major Fibonacci number (34). This should start the last leg lower into 23k where we have the 1.618% extension from the last low. If it manages to get through the 34k level and hold above there then 34k becomes the support then there could be a higher level to watch but for now this is how its playing out. I hope this helps, updates coming with AI as we follow this move.
COINBASE:BTCUSDShort
by L_F
6
Potential Bull Run in Bitcoin, Elliott Wave AnalysisBitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence. We focus on trading education and wave analysis to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
COINBASE:BTCUSDLong
by ImreSG
2
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS- JPY FEATURE is going down a bit right now. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. JPY FEATURE stands at 0.0074 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. Already JPY WEAK is coming with JAPANESE UPDATES. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently showing a NEUTRAL BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is a NEUTRAL RISK TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be slightly RANGE in the future. Also JPY CHF can be UP. - USDJPY PRICE can be REJECT from 135.429 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. If MARKET RISK OFF, it can continue to fall to USDJPY 129.852 LEVEL very easily after breaking the TREND LINE.
by benny_marshall
3
XAUUSD - GOLD CURRENT SITUATION- US10Y is currently slightly up to 3.0% LEVEL. Like we said before, it's been a bit of a CORRECTION in the last few days. We can see that the POSITIVE SENTIMENT for USD ECONOMIC DATA is also very POSITIVE for DXY. - The power of USD is still very strong in GOLD. US10Y was largely VOLATILE on the behavior of LABOR DATA. DXY has been DOWN very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. DXY is getting a bit down but now it's getting a bit UP up with the MARKET RISK OFF. Also when we look at DXY it has moved to DXY 101.87 LEVEL. - GOLD PRICE is currently slightly higher than DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS but may be more DOWN under the influence of DOLLAR in the future. So it can be a bit UP before SELL right now. In a DOWN SIDE CHANNEL a GOLD can be seen moving. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently showing a NEUTRAL BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is a NEUTRAL RISK TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be slightly RANGE in the future. Also JPY CHF can be UP. - GOLD PRICE can be UP again before DOWN until 1910 LEVEL. So GOLD is more likely to go back to the 1910 LEVEL. Then you can BREAK TREND LINE and definitely DOWN up to GOLD price 1786 LEVEL. If the TREND LINE is BREAK, you can go up to GOLD 1765 LEVEL DXY or US10Y if there is a UP TREND again. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
1
XAGUSD Silver : Stairway to heaven? Bull flag behemoth! 25.5A "bull flag" is a bullish candlestick pattern which is defined by - 1) A linear movement up (flag pole) 2) A tunnel or channel which is on top of the linear movement up (flag) 3) A break above the top of the channel which is the continuation of the up-trend (target) The target is the size of the flag pole movement stretched from the breakout of the tunnel. In this specific case the long-term target is around $45. The tunnel or channel range is between 20.20 - 26.20 Looking at the MACD we are furthest away from the baseline since March 2020 and showing convergence similar as back than before the flag pole movement of $17, which of course is a very bullish technical sign. Silver is fundamentally bullish as well due to rising inflation globally. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful, please like and follow! It would truly mean a lot. If there's anything you'd like to ask or comment, don't hesitate - It's the fuel to keep me going. I am not a financial advisor and I encourage you to do your own research and be cautious when trading. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OANDA:XAGUSDLong
by Exactus
4
XMRUSDT wants the necklineThe price is testing the supply zone on 178$ where the market created an important daily resistance on the 0.5 Fibonacci level. On the 4h Timeframe the price created the W pattern and we can find the neckline on 150$. How approach it? If the price is going to lose the support on 160$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
XShort
by InkyGrip
16