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EURUSD Double Top Chart PatternThe EUR/USD pair may face potential downside risks as a bearish outlook emerges, primarily due to the formation of a double top pattern on the 1-hour timeframe. This pattern typically indicates a potential trend reversal and suggests that the buying momentum may be weakening. With the double top pattern in place, there is a higher probability of a downward price movement in the EUR/USD pair. The first target of 1.0840 indicates a potential decline towards that level, while the suggested stop loss at 1.0954 acts as a safeguard against further losses. Looking forward to read your opinion about it!
Short
by TopgOptions
2
EurUsd -> Faking Everybody OutHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪 The monthly timeframe on EurUsd is pretty clear with EurUsd currently retesting massive previous support which is now turned resistance at the psychological $1.1 level. With weekly market structure being bullish though, threre is no overall confluence at the moment so following the overall longer term picture I do expect a move lower now. And it seems like EurUsd is finally breaking daily support towards the downside - I am then just waiting for a clean retest and bearish confirmation before I then do expect a daily move lower. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
Short
by basictradingtv
56
SasanSeifi 💁‍♂️XAUUSD👉1H 1924 / 1928 / 1932❗🟡Hey there, buddy!✌ 🔱In the one-hour timeframe, as you can see, after the drop, the price bounced back from around $1893/ $1900 with some buying pressure. And now, it's in a range after breaking above the $1917 level. 💹 Here's what we can expect in the one-hour timeframe: after some consolidation and a small correction, the price might move up towards the resistance levels at $1924, $1928, and $1932 with some positive fluctuations. Then, we could see the price getting rejected from those resistance levels. To understand the next move better, let's see how the price reacts to those resistance levels. But if the price breaks above the important $1935 resistance level and holds steady, there's a good chance of further growth. This scenario will be filled out. The possible trends have also been identified. 🔱Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. ❎ (DYOR)...⚠️⚜️ 🔹Wishing you loads of success in your trading adventures, my friend!✌️ 🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌 daily timeframe analysis 👇
FOREXCOM:XAUUSD
by SasanSeifi
Market Makers Buy And Sell ModelThe market Makers' Buy and Sell Model is a strategy that reveals the market maker algorithm model for price delivery. Basically, there are 3 things market makers' algorithms do with price in every trading session, day, week, and month Those 3 things are; Accumulation, Manipulation, and Distribution. AMD: A: Accumulation M: Manipulation D: Distribution 1. Accumulation: They accumulate liquidity through the delivery of a ranging market. The purpose of delivering a ranging market is to induce both buyers and sellers to enter the market thinking that price will go in their direction. How to Identify a Ranging Market: You know price is in a ranging market when you see obvious relative equal highs and lows price range. In a ranging market, price swing points have relatively equal highs and lows, that is, the price is neither delivering a higher high nor a higher low. 2. Manipulation: After accumulating both buy and sell orders, they then manipulate the market to further induce another set of traders which are breakout traders. But, that particular manipulation move is not their intended direction for the day. They only use it to gather liquidity, Which will then lead them to the next action which is to move and distribute prices in their real direction for the day. Usually, when price breaks out of a ranging market, the break-out is a manipulation to further induce a new set of traders to enter the market, further proving liquidity for market makers' real intended direction. 3. Distribution: After manipulating the price to a particular direction different from their plan, they then distribute the price to their original intended direction. e.g to buy, they will first sell the market and then buy at the discount price level. You know a price distribution through clean candles that left imbalances behind and then break market structure away from the previous manipulation move structure high or low to form a new structure. Example of Market Makers Buy and Sell Model as described on the chart. AMD: A: Accumulation M: Manipulation D: Distribution Accumulation: Price range for some time, accumulating liquidity on both sides of long and shorts. Manipulation: Price broke the high of the accumulation to take out Buyside liquidity and then create a new higher high and higher low. But it's a manipulation move. Distribution: Price moves away from the FVG leading to a shift in market structure, plus a short pullback, follow by a massive move to the downside to take out sell-side liquidity below. Entry: Your entry should be inside the FVG created by price before the shift in market structure, you can set a limit order inside the fvg and place your stop loss at the high of the swing high created prior to the fvg and shift in market structure. The same thing applies to a bullish market. Basically, Marker makers push prices higher so they can sell the market at a premium, while they sell the market to lower prices so they can buy that market at very discount prices This strategy can be used in any time frame and all markets including forex, crypto, stocks, future etc. Follow me for more updates. Feel free to ask me any questions in the comment.
Education
by Elijahenoch7
SasanSeifi 💁‍♂️USDCHF👉4H ⏭ 0.90200 / 0.90400 Hey there, buddy!✌ ◼In the 4-hour chart, as you can see, the price is just bouncing around between 0.89 and 0.90. Right now, the situation looks like this: the price might have a little dip after hitting the resistance at 0.90, but then it could bounce back up towards the targets around 0.90200 and the selling zone at 0.90400. 💹 ◼ We gotta keep an eye on how it reacts to the resistance levels to get a better idea of where it's heading. It might face some correction if it gets confirmed and hits the selling zone. But, we already have a probable trend identified, and the support at 0.89600 is quite important.❗ 🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ 🔹Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! 🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! ✌
Long
by SasanSeifi
SasanSeifi 💁‍♂️EUR /USD 👉1H🔻 1.084 / 1.080 Hey there, buddy!✌ ◼In the 1-hour timeframe, we can see that the price has dropped from the significant resistance level at 1.10 and is currently fluctuating positively, trading around the price range of 1.084. It is currently being traded at 1.094.💹 ◼Here's a possible scenario to consider: If the price manages to stay below the resistance levels of 1.095 / 1.098, we may see a more significant correction toward the support range of 1.084 / 1.080 / 1.078. To gain a better understanding of the price's future movement, it's important to observe how it reacts to these resistance levels.💹 On the other hand, if the price consolidates above the resistance levels, there is a higher chance of further growth.❗ ⭕Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔹Wishing you loads of success in your trading adventures, my friend❗ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
Short
by SasanSeifi
2
EurUsd -> Perfectly Playing OutHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just recently perfectly retested and already rejected the quite nice bullish trendline of the weekly parallel rising channel. You can also see that the next weekly resistance is at the $1.12 level where we previous had strong weekly structure and also a resistance trendline so I simply do expect another push to retest the resistance before I then do expect a short term drop. On the daily timeframe you can see that after EurUsd perfectly broke above the resistance at the $1.078 level, we had a quite nicely rally towards the upside and EurUsd is now retesting resistance so I am just waiting for a bullish breakout and then I do expect another push higher to retest the next weekly resistance. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
37
AUD/USD: Perfect Bearish Leg!As we said in our latest analysis about FX:AUDUSD pair (see chart below), our resistance area has worked properly, and pair has triggered a bearish leg. Having said that, drop has been fast and this confirmed the resistance validity. From a technical point of view, we are now looking for a continuation or reversal pattern on intraday chart. In the next sessions, the pair could give us a clear signal, even if we already have some ideas in mind... RESISTANCE ANALYSIS (Click on Chart below) Like to support my work. Trade with care!
by TheAnonymousBanker
2