USDCHF: Detailed Technical Analysis & Trading Plan 🇺🇸🇨🇭
Multiple time frame analysis for USDCHF.
Price action & Important key levels.
Directional bias & thoughts.
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Priceactionstrategy
NAS SellsNAS - price broke through that last low that was created with momentum pushing past the lowest point (17790) before the highest point (18498) was reached.
That would signify a CHoCH and we are continuing a bearish outlook.
With ICC, after a new low is made in the market (Indication) we can expect a pullback/retracement (Correction), before the continuation.
We will be looking for sells under the 17880 area to the recent lows created (after the correction is completed)
USDCAD: Strong Bullish Signal 🇺🇸🇨🇦
USDCAD formed a bullish flag pattern,
after a strong bullish wave caused by yesterday's CPI report.
The resistance of the flag was broken after the release of PPI
report today.
It is one more important sign of strength of the buyers.
Growth may continue at least to 1.3745 level.
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GBPJPY: Growth Will Continue 🇬🇧🇯🇵
Update for GBPJPY.
Earlier, I shared a very bullish forecast for the pair on a daily.
Analyzing the intraday price action today, I see strong confirmations
of my predictions.
On a 4H, the price broke and closed above a resistance line of a falling channel,
retesting the broken trend line, the price formed a double bottom
and violated its neckline.
We can expect more growth now.
Intraday goals: 192.1 / 194.64
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ZS short term upward reversal. ZS is trying to reverse downtrend. Bearish upthrust has been weakening over the last two weeks and price has already set daily higher low on the pre-market. For reversal to happen bulls must protect 192.5 and build value above 196.
If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice profit
Example of a possible trade is shown on the graph.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
NZDCAD: Strong Bearish Confirmation 🇳🇿🇨🇦
NZDCAD broke and closed below a key daily horizontal support.
The breakout of a daily structure matches with a violation
of a support line of a horizontal range on a 4H time frame,
giving us a strong bearish confirmation.
I think that the market may reach 0.8115 level soon.
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Price Peak Show Up After Denies Optus Sales' RumorPrice in 5 mins shows unreasonable price & volume formed. Despite high volume traded intraday, but the stock price stays within the range. This could mean the "Jedi" are holding the price up while churning volume to looks good to the public.
From our analysis, we find these price movement a price peak & a possible short term retrace is building up. Which going for a short DLC, $Singtel 5xShortSG241218(DVZW.SI) will make more sense for us.
This is just our short term view based on our analysis. You might like to share your view with us in the comment too! MAY THE FORCE BE WITH US!
About our analysis :
Utilizing the dynamic insights from a 5-minute chart. By closely examining this timeframe, we dissect the intricate volume and price transactions of significant market players. Our aim is to identify short-term support and resistance levels, enabling informed trading decisions. Through this meticulous analysis, we decipher price patterns and trends, providing valuable guidance for traders navigating the fast-paced realm of stock trading.
Disclaimer:
The information provided in this post is for informational purposes only and should not be considered as financial or investment advice. Any action you take upon the information in this post is strictly at your own risk. We are not responsible for any losses or damages that may occur in connection with the use of this information. Always do your own research and consult with a qualified financial advisor before making any investment decisions. The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of any other agency, organization, employer, or company.
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CRVUSDTHi guys
We can expect growth if the downward trend line is broken and the support range of $0.4149 is maintained.
My preference is to wait for it to HH be created. If the approval is issued, then I will enter into the transaction.
What do you think?
EURCHF: Your Trading Plan Explained 🇪🇺🇺🇸
Update for EURCHF.
Similarly to AUDCHF, we spotted earlier a confirmed structure violation.
To buy with intraday confirmation, watch a horizontal range on a 4H.
Its bullish breakout - 4H candle close above 0.9512 will give you a strong buying signal.
A bullish continuation will be expected to 0.9535 level then.
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CAKEUSDTHello dear friends
Provided that the price range of $2.655 is maintained, we can expect a downward trend similar to the scenario.
what do you think!?
USDCAD: Your Trading Plan For Next Week Explained 🇺🇸🇨🇦
USDCAD closed, testing a solid horizontal daily supply zone.
Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that.
To short the pair with a confirmation next week,
pay close attention to the neckline of the pattern.
If the price breaks and closes below 1.3548,
we can anticipate a bearish movement to 1.35
Alternatively, a bullish breakout of the underlined resistance will push the prices higher.
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AUDCHF: Bearish Outlook & Trading Plan 🇦🇺🇨🇭
AUDCHF is testing a key horizontal supply area.
A bearish breakout of a neckline of a double top pattern on an hourly time frame
gives us a strong bearish confirmation.
We may anticipate a bearish continuation to 0.5733
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Some Key Price Action concepts to know for Forex tradersIn the video I discuss some key price action concepts and how I use them for my Forex trading.
Knowing these key concepts helps me get on the right side of the market and in the right trading zones nice and early.
The basic concepts discussed are :
- Anchors to trend
- RTFs
- ICTs
- Spotting Reversals
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
AUDNZD: Is That a Bullish Pattern 🇦🇺🇳🇿
AUDNZD formed a double bottom formation, testing a key daily horizontal support.
We may anticipate a bullish movement from the underlined area
to 1.093 resistance.
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EURCAD: Correction is Over? 🇪🇺🇨🇦
EURCAD is retesting a recently broken key horizontal structure.
The price formed a tiny cup & handle formation on a broken resistance.
The pair will most likely resume growth now.
Goals: 1.488 / 1.492
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Bullish Flag Pattern Reversal in ICICIPRULIICICI PRUDUNTUAL LIFE INSURANCE LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Bullish Flag Pattern.
📊 It can give movement upto the Reversal target of Above 598+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 785+.
📊 Can Go Short in this stock by placing stop loss below 472- or last swing Low.
USDCAD: Intraday Bearish Outlook Explained 🇺🇸🇨🇦
USDCAD is trading in a falling parallel channel on an hourly time frame.
I also spotted a descending triangle formation within.
The violation of a horizontal neckline of a triangle is a strong intraday bearish confirmation.
The price will most likely keep falling.
Goals: 1.3630 / 1.3615
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USDJPY Entry Setup2 important orderblocks should be followed! risk is 50 Pips. and reward will be 300+ Pips. just have patience, this trade is only my analysis i don't give any signals and i don't share any my personal information.
EURUSD: Bullish Movement Continues?! 🇪🇺🇺🇸
EURUSD formed an ascending triangle formation
after a test of a strong intraday horizontal structure support.
Its neckline violation is a sign of strength of the buyers.
The pair will most likely keep growing, at least to 1.0678
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NZDUSD: Waiting For Confirmation 🇳🇿🇺🇸
I have perfectly predicted an intraday bearish movement after a breakout yesterday.
Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range.
The next bearish wave will be confirmed after a breakout of the support of the range.
4H candle close below 0.5808 will confirm a violation.
A bearish continuation will be expected to 0.8775 level then.
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CHFJPY: Top-Down Analysis & Pullback 🇨🇭🇯🇵
CHFJPY reached a solid horizontal daily support.
After its test, the pair started to consolidate on an hourly time frame
within a narrow horizontal range.
The support of the range was broken then.
It is an important sign of strength of the sellers
and it signifies a highly probable pullback.
Target - 165.63
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EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺
Even though, EURAUD is trading in a long-term bullish trend,
we can not deny the following bearish clues:
First, the pair violated a support line of a rising parallel channel and closed below that on a daily.
Second, the price formed a descending triangle formation and broke its neckline as well.
We have 2 important bearish confirmations now.
The market may easily drop lower.
Targets - 1.640 / 1.628
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4 Classic Bullish Patterns EVERY TRADER Must Know
In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument.
1️⃣Bullish Flag Pattern
Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within.
Bullish breakout of the resistance line of the channel is a strong bullish signal that can be applied for buying the market.
Best entries should be placed immediately after a breakout or on a retest.
Safest stop loss is below the lows of the flag.
Target - the next key resistance.
Here is the example of a bullish flag pattern that was formed on Gold on a 1H time frame. As you can see, after the breakout of the resistance of the flag, a strong bullish rally initiated.
2️⃣Ascending Triangle
Such a pattern forms in a bullish trend on the top of the bullish impulse. The market starts consolidation, respecting the same highs and setting higher lows simultaneously.
The equal highs compose a horizontal resistance that is called the neckline.
Its breakout is an important sign of strength of the buyers.
Buy the market aggressively after a violation, or set a buy limit order on a retest.
Stop loss should lie at least below the last higher low within a triangle.
Target - the next strong resistance.
Take a look at that ascending triangle formation on EURUSD.
Bullish breakout of its neckline was a perfect bullish signal.
3️⃣Falling Wedge
That formation is very similar to a bullish flag pattern.
The only difference is that the price action within the wedge is contracting so that the trend line of the wedge are getting closer to each other with time.
Your signal to buy is a bullish breakout of the resistance of the wedge.
Stop loss is strictly below its lows.
Target - the next key resistance.
GBPUSD formed a falling wedge on a 4H time frame, trading in a strong bullish trend.
You can behold how nicely the price bounced after a breakout of its upper boundary.
4️⃣Horizontal Range
Similarly to the ascending triangle, the horizontal range forms at the top of a bullish impulse in a bullish trend.
The price starts consolidation, then, setting equal highs and equal lows that compose a horizontal channel.
Breakout of the resistance of the range is a strong trend-following signal.
Buy the market aggressively after a breakout or conservatively on a retest.
Stop loss will lie below the lows of the range.
Target - the next strong resistance.
Dollar Index formed a horizontal range, trading in a strong bullish trend.
Breakout of the resistance of the range triggered a bullish rally.
The best part about these patterns is that they can be applied on any time frame. Whether you are a scalper, day trader or swing trader, you can rely on these formations and make consistent profits.
