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ESP35 - Bearish Gartley In Bigger Bear Pullback SetupI just started watching this index a few days ago after one of our live room members brought it up, so I have zero understanding of it's personality. Now I know that may seem dumb to many of you but it's actually very important since different setups perform differently depending on the markets personality. (THAT'S WHY WE BACKTEST) But last week we broke a pretty decent level of structure support & we were waiting for a retest of that previous support turned potential resistance to be used as a chance to hop on a bearish pullback trade to the downside. After some consolidation, we've no put in a bearish Gartley pattern which can be used as an aggressive reason to enter the aforementioned pullback trade. Akil
FX:ESP35Short
by Akil_Stokes
2
STRONG DAILY EVENING STAR IN EUR/USD, real or fake ?As you can see in EURO/USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR! What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. so clearly we have a fight between bulls and bears in euro/usd : Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS ! so now what is my idea ? im searching for short-term intraday in euro/usd because its too soon to tell you about changing the trend in euro/usd. I expect to see euro/usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700. important demand area for euro/usd bulls : 1.1720-1.1700
Short
by FOXofFX
GOLD | XAUUSD | Log Time Pattern Analysis (Since FEB 2019)This is a representation of all major pattern trade occurrences in Gold since February 2019. Each 👍 represents a winning trade and each 👎 represents a losing trade. (Only found 2 losing trades since Feb 2019) And the good news is that price is on the way to another winning trade right now!! Look inside to see yourself 👍 Disclaimer : This is just a representation of my personal trading analysis and should not be considered as any financial advice. Trade at your own risk.
FOREXCOM:XAUUSDLong
by Sankapathum
1
NAS100 - 4 Hour - Bat Pattern Within High & Tight Flag PatternIt's hard to show the bigger & smaller picture here without having a very ugly looking chart, but the NAS100 has been bullish lately & is now forming a sideways channel at the end of it's last extension higher. This formation is called a high & tight flag formation & it's one of my favorite setups for breakout/Continuation trading. Something that we also know is that Advanced Pattern formations often form during periods of consolidation in the market & what we currently have forming is a potential bullish bat pattern with a completion point towards the lower end of the channels range. Entering at the bottom of the range is risky because it doesn't provide confirmation of a bullish breakout, but what it does provide is an opportunity to create an excellent risk to reward situation. Because this is an index (which is typically more directional) I look at a conservative target being the retest of the channels highs & using an active trade management method to trail stops while you look to be involved in the continued move higher. I hope you guys have a great weekend & as always if you have any questions, comments or just want to share your analysis, please leave them below. Your Trading Coach - Akil
OANDA:NAS100USDLong
by Akil_Stokes
Rectangle Top (bullish)CURRENT CONFIDENCE = 68% TARGET (EXIT) PRICE = 9.723198 HKD BREAKOUT (ENTRY) PRICE = 9.685407 HKD DISTANCE TO TARGET PRICE = 0.21% (206.8 pips) Tickeron AI shows that thee Rectangle Top pattern forms when the price of a pair is stuck in a range bound motion. Two horizontal lines (top: 1, 3, 5) and (bottom: 2, 4) form the pattern as the pair bounces up and down between support and resistance levels. Depending on who gives up first ­ buyers or sellers ­ the price can breakout in either direction. This pattern is commonly associated with directionless markets. Usually, the pattern performs better when there is a strong uptrend leading into the formation.
Long
by AlTorress
EURUSD LAloha,with the dollar (DXY) weakening, Euro could be a temporary long at least to the 50ema on the daily...we'll see what happens there: either a continuation long (a pattern will show us), or a rejection back to form a running channel for clearer direction. Placed the entry right above the 50 ema on both the 15 min and 1hr. First trade of the month. Another entry could be in the works with this ascending wedge continuation squeeze. 4HR: hovered on the 50ema after a bull run with the greater trend showing a higher low. 1HR: broke out of descending wedge/channel and squeezed up and over the 50 ema to just hover like the 4hr. 15M: bull flag. descending wedge, pullback, all very similar phrases can describe what is happening here but in my honest opinion, they all point to the similar long bias with a probability of it making a deeper pullback for a loss.
Long
by Reid_Hicks
2
1Hr EURUSD to go with my previous Daily analysisEURUSD is falling to retest the shoulder of the Reverse Head & shoulders pattern i analyzed on the daily chart. If price holds above this Right “Shoulder”, we could see the pair rise to new Monthly Chart highs. The monthly chart shows a head & shoulders, indicating Bearish momentum. However, if we break to the downside, we could see the EURUSD at all time lows over the next few years. The number that EURUSD should reclaim to continue Bullish momentum, would be the 1.20697 area. I’m short term bullish, as price (on the Weekly) is pulling back from a very bearish drop (from the 1.20697 area. I’m long term bearish, awaiting a high enough retracement back to the current high. Once the current highs are retested, I’ll await a bearish signal to enter short on the daily. I wouldn’t expect to be taking profits for at least a year, as this bullish bounce (that created the Right “Shoulder” of the pattern) that’s happing right now, took out more than a years worth of selling (on the weekly). Ultimately, this move could be a spike into more selling pressure to come, or it could mean there’s reversal is on the way & this current Weekly Reverse Head & Shoulders could see the EURUSD making new highs. The monthly chart is in an uptrend, seeing that the current low is higher than the previous. Those last 2 elements put together would be more powerful than a short set up. So, if I do end up shorting, as price moves up, it may only be for quick profits. Any sign of bullish momentum on the weekly chart & I will reverse to long term Long.
Short
by BillionaireTomBoi
EURCHF Daily Analysis 2/23/20Eurchf Short Idea All significant timeframes have been very bearish as that seems to be the case with most eurxxx pairs. Because this is such a steep trend and price action has just been falling we have limited options. Price action could keep this bearish momentum and continue falling into our monthly support level around 1.04000 We see a long awaited pullback to a key prz level and key resistance. From here we could look to enter on signs of a bearish trend continuation. Either way we are looking to short and target down toward our monthly support around 1.04000
Short
by ForexLeague