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NZD/USD weeklyHello traders. Here we have the NZD/USD weekly chart. The bears are obviously in control of the market and if you look at the weekly candle you can clearly see that the candle closed below previous support and look at the closing force - the candle body closed exactly 50% below previous low closing prices (low since January 24). But the market is oversold on the daily chart and is a bit overextended, but when it comes to trends, it should be borne in mind that markets can easily ignore all oversold/overbought areas and continue to move without any hesitation. So, any bearish position for now looks dangerous; one should at least wait for some decent pullback; or if we don’t get a pullback before the market touches the first extension target (which is around 0.6400 (1.272)), we could look for some short-term bullish patterns around this area (0.6400). If we get a pullback before the market touches this extension targer, we could still try to catch some highs and sell NZD. I’d rather be a seller and sell tops, but we need to be flexible and if we see bullish signs in predefined areas why miss it?
Short
by merjemascerija
EUR/USD Bears in controlsHello guys. Today will be a brief overview of EUR/USD. Here we have bearish trends at all higher time frames, and the bullish context that emerged last week disappeared on Friday. We had a possible inverted head and shoulders (look at the 4 hr tf), but the right shoulder failed and thus the possible bull sentiment was erased. When we see a scenario like this, it is a strong sign that the bears are retaining strength. So, my suggestion is to wait for anyretracement and look for a short entry. If we don’t get any retracement, try to use a smaller retracement and go short.
Short
by merjemascerija
AUD/USD weeklyHello everyone. I hope you are all doing well. Today I want to share with you my view of the AUD/USD weekly chart. The first suggestion for you is to go to the monthly chart where you can see the reverse head and shoulders formation (which is a very strong sign of bulls in the long run; but as you know the monthly chart suggests a long period of time, and playing reverse head and shoulder formation on the monthly chart can take months, so it is necessary to look at the situation from a short-term perspective). When we look at the weekly chart - we have a few bearish moments. First, you can see that the pair tried to climb higher, even above the swing high from October 25, 2021. However, we see that the attempt failed and the pair returned below 0.7560 and formed a bearish grabber that suggests downside continuation. So, my suggestion is that, in accordance with your strategy, short this pair whenever the chance arises.
Short
by merjemascerija
4
AUDUSD Trend Analysis And signalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Long
by Sina-TFX
CADJPY Wave And Trend Analysis and SignalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer In the financial markets, in the technical analysis of Elliott wave theory and its different styles, it is like the letters of the alphabet to read the price movement on the chart and it helps us a lot to diagnose and predict the future price. Fibonacci One of the good friends is a bargain and shows us good and useful support and resistance, especially if the combination of all types of Fibonacci expansion and retracement and the formation of a Fibonacci and PRZ range show us useful and interesting return ranges. Where there is potential for price diversion Trend lines can be a great help to a trader who finds areas with potential for return or indeed resistance and support on the chart. By drawing the rand lines correctly, you will see that the price responds to these areas with surprise. In general priceaction what dynamic trend lines are statically useful
Short
by Sina-TFX
NZDCHF: Potential Trend-Following Trade Explained 🇳🇿🇨🇭 NZDCHF is trading in a bullish trend since the beginning of the year. After the price set a new high around 0.6515 level, the market retraced to key structure support. On that, I spotted a double bottom formation on 4H. To buy the market with a confirmation, let the price break 0.642 - 0.6436 its horizontal neckline. You need 4H candle close above that to confirm the breakout. Goals will be 0.64 / 0.65 If the price breaks the underlined yellow structure to the downside the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
9
Price Action Definition #1Price Action Definition #1 Hello My Dear Traders... I Am A New Trader... Not Too Long In The Game... But Just Starting Out On Social Media To Help Grow Myself As A Price Action Trader I Am New To Trading View And I Am Hoping That I Can Fit Right In And Hopefully Make Some Great Educational & Analytical Content With Accurate And Understandable Information... Thank You Price Action Trading Is My Way Of Trading... And I Just Wanted To Share Some Information On This Great Trading Style Of Trading The Markets Using Past Historical Price Movement And Data Price Action Trading Is A Style Of Trading That Utilizes Price Movements Across A Specific Time Period Price Action Traders Base Their Trading Decisions Off Of Price / Market Movements Rather Than On Market Indicators Price Action Trading Ignores Other Means Of Analysis Such News / Economic Events And Fundamental Analysis That Tend To Influence The Movements Of The Markets Price Action Traders Use Raw Price / Market Historical Data To Help Them Predict Future Price Movements And Market Direction. This In And Of Itself Is A Form Of Technical Analysis As A Price Action Trader... your main concern is to know how to Read And Understand the movements of the Market. A Price Action Trader ignores all the fundamental factors that tend to influence the movements of the market. Price Action Traders solely rely on Price Action Data And Past Historical Market Data to help them predict future Market Movements And Direction. Price Action is the Movement Of Price And How Price Changes... which is the "Action" of price. Price Action is much easily observed in markets with High Liquidity And Volatility. But any market where anything is Bought Or Sold will most certainly produce some kind of Price Action Price Action Is A Great Way Of Trading... It Has Been Around For Many Many Years And Has Been Used By Many Many Traders All Over The World For Many Decades... As The Saying Goes... PRICE ACTION Is King
Education
by UnknownUnicorn33425005
1
2nd Daily Candle Closes Below 1.36 Daily Zone // GBPUSDwell this is the 2nd daily candle that has closed below our daily level at 1.36. We have rejected higher prices as anticipated . Unfortunately we got stopped out but my bias played out nicely which I am Happy about. It is not often when I trade againgst Daily/Weekly Market strucutre but this is a rare occasion. Given current market Sentiment with the Stock indices selling off, and gold shooting up, I am confident we may see a move back down to 135.2. We are trading in line with our bias, lloking at a few differnt scenarios for an entry
Short
by ShrewdCatfx
Buyers push price past previous 3 Daily Highs // Already?We have ascending Higher Lows rejecting 1.44 on this pair, it looks like price is being bough up. Additionally you have the fact that we just broke the high of the previous 3 daily candles in the first few hours of trading. We have created a Higher High on the 4Hr during the first trading session of the week, ahead of PMI manufacturing News. I suppose we are expecting positive numbers. looking for retest buys after News comes out
Long
by ShrewdCatfx