Matic 1D chart possible incoming Resistance levelsHello frieand.
like you see in my shared chart , matic is in a disjoint channel and runnung sideways.
nowadays we are in the mid-line of this channel and we see a strong bullish Hammer in this position.
also we see very good volume and its possible they are buyers!
if we go upward the first important resistance level is 0.5500
and if we cross this level we will reach about 0.6700.
please share your opinion and improve my skills friend.
we together can rise up.
help each other to grow.
teach me something new.
i will be happy.
thank you all my dear friends.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
Reversalpattern
GBPCHF | Perspective for the new week With a significant breakout of the descending channel identified on the higher time frame, I am looking forward to a bullish momentum this week. This video explains how I intend taking advantage of this potential move to the upside.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
$MELI $ SUPPORT / BRAKOUTwe will confirm that the price will continue to go down if we didn't break the current resistant around the 850$, and going towards the next support above the 440$.
if we broke the 850$ resistant, and held above it 4h candle , that will confirm the first sign of bullish momentum and going to the next resistant around the 1275$ level .
POSSIBLE SCENARIO ON EURUSD!!Hello Traders around the world!
Many of you are wondering what might happen on EURUSD the next few months..
As we all know, EURUSD reached a very important mass psychological level.
I will be waiting for a reversal pattern to execute a long position in this area.
Whenever I'm in the trade, I'll be moving to breakeven & I'll be risking 1%
Patience is key.
#THEPRIMES
AUDUSD | New perspectiveAs we head into the new week, a break above the key level at $0.68700 might open room for bullish momentum. In this video, I explained how to take any potential opportunity - be it bullish or bearish.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
7/7/2022 In Review; Mistakes Made, Double Tops, and Bear TrapsJust reviewing today. I'll post a better analysis tomorrow morning when I see what the market does overnight. That being said, I mention how I slightly deviated from my risk management plan and stuck out a trade late in the day today (short 3893) past what I normally would. It appears I'll be able to remedy the mistake or at least correct it for a small loss instead of a larger one, but I can absolutely say that was uncharacteristic of me and I feel like I traded today in some fashion like I did when I started trading years ago.
However, it is always a good reminder when you get frustrated or start trading off of "feelings" and not your trading strategy, that you should walk away.
I then explain how the consistent fluctuation of the longer timeframe trends is abnormal, and that I reviewed when the last time I'd had the 4-Hour and 6-Hour trends reverse this often. The answer is a VERY classic double top that occurred during the first half of February.
Of the 16 6-Hour Trend signals I've gotten all year, 3 of them have been in the past few days. Likewise, there has only been 22 4-Hour Trend Indicators in the entire year, and 3 of those have also been in the last few days.
Lastly I show have you can use indicators, such as RSI or MFI, to spot Bear Traps by seeing Bearish Divergence, if you're interested. It shows how you can get faked out by an uptrend that might actually be a bear trap that will send you lower.
Extremely low volume, classic bearish market patterns, price rally with overall bad economic news... My sentiment, you guessed it, continues to be bearish.
Possible Adam and Eve pattern in progress?Possible reversal in progress. By the looks of it 6 is the resistance and 5 is the support.
Let's Review June 9th Through June 17th On SPY Part IMany of us know what Market Cycles are but, do you understand how to trade them & what to expect?
Here with SPY on the 1hr chart. Prices entered a range from May 27th to Jun 9th. If read correctly, you should have prepped to get short on the the support break of that range.
That range was considered a distribution area & once it broke, you should expect a trend down.
At 1:30 on June 9th, that range was broken & a trend was triggered.
Traders should have got short & stayed short. On Jun 17th with the last sell climax, traders could have look to take profit & reposition for another range & trend reversal up.
1st target, if looking at the pattern should be the bottom of the bull channel. If looking at price, the 1st target could be the GAP between 383-389.
The range from May 27th to June 9th should have been a signal to look for short entries either inside of the range or once it broke.
Trend reversals can be some of the best & easiest trades to spot, especially on the hourly charts.
USDCAD | New perspectiveThe Greenback relinquished some of its profit on the last day of last week's trading session to close below the key level identified at the C$1.29000 area to set the tone for a possible trend continuation to the downside. This video explains how I intend to trade the appearance of a selling set-up on the daily timeframe.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURJPY | Perspective for the new weekAfter testing its lowest point in the last two weeks as bears appear to be expressing their strength on the back of possible EU inflation data.
From a technical perspective, the last couple of weeks have been a challenge for the bulls, price has been unable to break above 144.300 hereby creating a scenario that looks like a reversal setup in the form of a double Top structure. This video illustrates how to take advantage of either a bullish or bearish bias in the coming week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURNZD | Perspective for the new weekWith a long-term bearish momentum identified on the higher time frame, there is a possibility that we might be having a short-term bullish momentum during the week. So, in this video, I explained how to take advantage of whatever bias that arises.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD | Perspective for the new weekThe British pound struggled to float above the 1.20000 area before the end of last week's trading session to keep the hopes of a reversal pattern hanging. In this video, I explained in detail how to take advantage of either possibility during the new week with updates coming up in the early hours of the new trading week...See you soon!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUBANKAUBANK made 3 candle reversal pattern on hourly charts & comfortably trading above previous candles with good volumes.
Could be bought with mentioned stoploss & targets
ADVANC | Wave Projection | Possible trend reversal Inverted H&SPrice action and chart pattern trading setup
> Elliott Wave Projection - possible end of correction ABC
> Upcoming trend reversal pattern - inverted head & shoulders
> Entry @ Neck line breakout
> 1st Target TP1 - SMA200 and TP2 - previous Wave (B) position
> Stoploss @ head position
> RRR: 2:1
> Indicator: MACD bullish divergence
Always trade with affordable risk and respect your stoploss
EURUSD | Perspective for the new weekEven as the possibility of the EURUSD dipping to previous low hovers in the air considering the obvious signs of economic slowdown which exacerbate recession-related fears, I am of the opinion that a breakout/retest of the key level at $1.06000 could incite a bullish momentum in the nearest future to surprise the majority.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURJPY | New perspectiveWith my key level at 143.000 area, I have a strong feeling that the tendency for a bullish continuation is going to happen as long as we do not have a breakdown/retest of the bearish trendline identified on the 1H time frame.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDJPY | Perspective for the new weekDespite finding a low at around 93.700 area after Australia’s S&P Global PMIs for June; we witnessed a uniform bullish engulfing candle afterwards emphasizing the strength of the buyers at this juncture in the market. In this regard, I have identified a demand zone around 92.500/93.000 which appears to have been a buying niche in the last 10 days. So in this video, the explanation of how to take advantage of either a bullish or bearish momentum in the new week has been duly illustrated. Stay with me as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCAD |New perspectiveThe Canadian dollar appears to be gaining momentum on the back of lower Treasury yields and weaker US data as we head into the new week. From a technical perspective, the multiple rejections of the 1.030500 area in the space of a month further emphasize the strength of the sellers at this juncture in the market hereby raising my inclination for a selling opportunity in the new week. This video illustrates how I intend to take advantage of a bearish momentum as we anticipate the final trading week of the month.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD | Perspective for the new weekThe AUDUSD broke above $0.6900 to test the $0.6950 area on Friday, herby reaching the highest level since the last time it broke down from this area (early days of last week) to set the tone for a potential bullish momentum in the coming week. In other to make the decision easier, I have identified a key level at the $0.6900 area to guide our actions going forward as a retest of this zone could push the price further up and a breakdown could send the price crashing.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
How to Trade Bullish DivergenceAt some point in your trading career, you will hear the term "Divergence Trading". Divergence simply means when the price and indicator are telling the trader two different things. It can be an effective addition to your trading strategy, especially if already using indicators like RSI or MACD to find overbought and oversold levels but should not be replied on by itself and requires practice to get it right.
There are two types of Divergence you want to be familiar with: Regular bullish and bearish divergence and Hidden bullish and bearish divergence. In this educational tutorial, I will cover Bullish Divergence. You should note that the appearance of divergence doesn't happen 100% of the time, but when it does, you can use it for additional confluence (extra confirmation) for entering trades.
Bullish Divergence Overview:
A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. Notice in this example of GBPCAD, the price was in a downtrend and eventually came to a low at 5494 and rejected the area. The price shows a decline, while the RSI shows the oscillator moving higher. This is an example of regular bullish divergence, as it signaled a potential trend reversal.
How to Draw Bullish Divergence
You want to draw lines on successive tops and bottoms. Connect the tops and bottoms only, and keep your eyes on the price. If you draw a line connecting two lows on price, you MUST draw a line connecting two lows on the indicator. They have to match! Divergence only exists if the SLOPE of the line connecting the indicator tops/bottoms DIFFERS from the SLOPE of the line connecting the price tops/bottoms.
Popular Indicators to Use When Identifying Divergence
You can use indicators such as RSI, MACD, CCI, or Stochastic to trade divergence. Your selection in one of these indicators will depend on personal preference. I personally prefer the RSI at a 7 period.
If you spot divergence but the price has already reversed and moved in one direction for some time, the divergence should be considered played out.
You missed the boat this time. All you can do now is wait for another swing high/low to form and start your divergence search over.
What is your favorite way to trade Divergence? Let me know in the comments!
Happy Trading! :) - Brian & Kenya, BK FOREX ACADEMY
⚠️🍵 #Bitcoin Short-Term "Cup" Could End W/ Short Squeeze $BTCA small #shortsqueeze seems to have already occurred for $BTC, with a false break of the support trend bringing in shorts and either stopping them out or liquidating a low volume of orders. I have not shown the RSI's on here as they are both at mid-levels (50/50 chance of moving up or down), however the may be overheating slightly. This could mean a second "fake-out" break of the upper trend with a larger drop down to the $18K level. However, if this pattern plays out, this could be what reverses the crypto market in the short term. There are confluences with both the measured move and the 1.618 fib retracement level of the most recent, short-term wave down, as well as the expected pivot for a retracement back down to the upper trend, should a confirmed breakout occur. As I already stated, there is still a strong chance for either scenario to play out, so this is something I (personally) will just be tracking for the moment, but not actually trading until one of these two scenarios confirm.
How I Might be Trading this:
For a "fake-out" and break of the support-trend, I will be looking for a buy/long around $18,700-$18,800. I may consider shorting the break of support, however I don't really know ( yet ) if the risk/reward will be worth it, especially because this range being the bottom price-range seems likely to me, IMO.
For a break of upper, medium-term trend, I would be possibly shorting around the target zone (shown with the box), then a buy/long upon retracement and testing of the upper trend. However, where the RSI's are upon testing that level would mostly determine whether I go forward with that trade.
*This is all my opinion, based on chart data, and what I'm personally doing with my trades. This is not financial advice.*
#GBPCAD | New perspectiveConnecting the series of lower highs by drawing a line over pivot highs reveal the prevailing direction of price action in the last 4 months as bearish.
Despite witnessing a couple of bullish engulfing candles (4H timeframe) during the latter part of last week's trading session, I am of the opinion that the price might respect the bearish trendline one more time before the bullish momentum begins! So, I have identified a key level @ 1.5900 area as this shall be my yardstick for either bullish or bearish bias on this one.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
