Trendreversal
EURUSD - Trend ReversalA counter-trend opportunity presents itself. It's not a usual setup I'll engage but this round the first target rested at 1.1787 that produce a good enough reward is to risk ratio.
DAX-DE30 video top-down AnalysisHello everyone, here is the top-down analysis for DAX, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
NZDUSD - Head and Shoulder and Rising Channel in PlaceTrading Confluences
Price is at Daily Resistance Level
Head and Shoulder Pattern at the Daily Resistance indicate lack of Buying Pressure
A Rising Channel After a Strong Bullish Momentum Indicate that on-going Momentum is Fading
RSI Divergence
Trade Forecast
Consider Going Short if Price Break Below the Local Structure Level Marked In the Chart
Head Over to Trade Revenue Pro to Learn How to Trade Forex Profitable Way.
USDJPY-Weekly Market Analysis-Oct20,Wk3Rooting for a trend reversal trade, the head and shoulders do give a potential push to the upside. When the market opens on Monday, a break and close above the red box(sell zone) indicates a strong signal on a bull run on the technical side.
Traders have to watch closely the development of the US election as any other dramatic move can affect and influence the market movement.
USDNOK possible trend reversalMarket broke the MA35 and is coming for a retest. If it bounces back up then I will be longing the expected trend reversal.
Long term UJUJ is currently breaking out this descending line, could be a false breakout or a retest of the trend line. Personally I believe it's a false breakout. A clear break out of the 107.00 mark should change the trend and bring back the ninja to the previous levels of 110.00-112.00
Resistance levels at the moment are: 106.00 (psychological level)
106.40/106.50 (50% fibs retracement)
107.50 (38.2 retracement)
Let me know what you think :)
YFI Short signalThe bear market might have possibly began. The selling pressure is high and people have less hope in this market.
2nd point is that a break of this main support will confirm the head and shoulder and thus the trend reversal.
On my previous idea i had the idea of buying back at the main support. But for now, i switched my changed my mind because buying seems more risky with the current panic and fear going on.
I personally have a small short position set up at 19350 let's see how it goes.
Like and follow!
USDCHF : Falling wedgeas you can see a falling wedge pattern formed lately and also price had breakout from it + pullback , these situation signaling the trend reversal to us but there is a strong resistance on top of price , if it breaks we could decide what to do. but now we can only trade in a possible trading range formed between support and resistance area in a smaller time frames.
you can also enter long position now and hope the price breaking the resistance and goes higher but note that probability is low , so enter with minimum size if you want and place stop loss 40-50 pips below the price about 0.90400
don't forget to like and leave me any comments, questions or observation , thank you.
End of the pullback?Last week has been a strong rally for EURUSD free-falling from 1.187 all the way down to 1.161 on Friday closing
But is the pullback finished? There is evidence showing us that the pullback might be coming to an end
On Friday US market opening EURUSD has broken the last support and making a lower low but stochastic is making a higher low which a stochastic divergence on H4 has occurred and that might be a signal of a trend reversal
Currently, market structure is still valid as the lower high and lower low is still in place but there was an attempt of a trend reversal as there was another stochastic divergence occur yesterday on a smaller timeframe (30M and 1H) but eventually, the bears took control and drag EURUSD even lower.
Although the monthly Fibonacci retracement has not yet reached as 0.236 level has broken but it is still pretty far away from 0.382 level but EURUSD might reverse from here without testing the monthly Fibonacci retracement
Right now there are a few ways to deal with this pair
1. open a long order with a 1 ATR SL below the lowest point (1.161)
2. wait for a broken market structure, a higher high and a higher low
3. if a new low has been made then continue shorting and see if 0.382 will hold
Thank you for reading, please leave a like if you like the idea, hope you have a good weekend!
USDJPY-Weekly Market Analysis-Sep20,Wk3Another trend reversal trading opportunity, waiting for a retest on the 5-0 pattern for a buying opportunity.
USDJPY-Weekly Market Analysis-Sep20,Wk4Last week video and the week before we did mention that we expect the market to retest at 104.30, right now we are waiting for that retest to relive itself and give us a trend reversal trading opportunity to engage the trade and exit the trade at 105.26.
EURUSD - key spot to determine next moveKey spot for FX:EURUSD right now. 1.17 and watch out for risk-off move in all assets being started on dollar strength.
NRG BUY THE DIPThe bear run seems finished for now, trend reversal is happening, if you are looking to get into NRG now is a good time.
The dots are indicating a trend reversal, a tool you night not be familiar with, the Stochastic pop and drop.
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Thanks!
EURUSD-Weekly Market Analysis-Sep20,Wk3This week I'm looking for a trend reversal/ counter-trend trading opportunity on the EURUSD. In short, I'm looking for a selling opportunity. Even when there is a potential Bullish Gartley in play, I'm looking for the shorting opportunity after it has hit its target area(red box).
Bottomed out, trend reversal?Did we just see a trend reversal of the Swiss Company Meyer Burger.
The Company just announced, that they will produce solar panels in Germany.
A brave decision.
Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production conditions.
The current situation and thoughts to bring back local production could lead to an success.
The history of the stock shows a fall from 358 Doller to 20 Cent.
The change of energy sources away from coal could lead this current penny stock back to a proper stock.
The future will show the potential!
EURUSD - Chart went up nicely today as expectedLooks like we got ourselves a nice bullish jump as expected.
1D: For now we see a comeback to the ascending trendline that start on may 14th. For now today's and yesterdays candle stick patterns combined seem to show a trend reversal. Why? because today was a good day and markets we're pushing prices up, but also because the candlestick pattern shows us a 'piercing line' which is a possible trend reversal signal. Let's see where we're standing tomorrow.
Also checkout my previous TA linked below for a multiple timeframe analysis.
Trade safe, stay safe!
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I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
USDJPY-Weekly Market Analysis-Sep20,Wk2This trendline will be the deal-breaker if the market didn't break and close below the trendline, I will be waiting for a buying opportunity as a counter-trend or even a trend reversal trade. However, if the market break and close at 106.04 or lower, I will be waiting for a retracement back to 106.34 to look for a shorting opportunity for this trend trading opportunity.
Reversal of H1 TrendWe are looking at USDCAD on H1.
We have higher bottoms and higher peaks. These are the signs of forming a new trend.
When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys.
What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to everyone what this means - big job movements in both countries.
The news comes out at the same time and we expect to see a big movement. Therefore, you MUST place a stop loss!
You can choose to enter a trade after or during the news. This will reduce the risk, but it is possible to miss a lot of movement!
$FSLY Daily H&S $SPY $SPX $AAPL $NET -- the $FSLY daily chart looks like it may be showing signs of reversal with this pretty clear h&s + TRIX bear cross nearing -- might be a good short entry very soon :D
USDCAD AT HUGE DAILY SUPPORTI expect to see a bit of congestion around this level of 1.30000 but we are only just coming into it now. Ill be looking for longer term buy trades but not just yet as its not very often we see price spike into these major levels and change direction that quickly.. most traders should know these levels, so do big institutional traders (big banks) and that is where they take advantage of the average. I am starting to talk to far into the future now, but often on big term reversals from these major levels we will see price develop a nice buy trade and give all the right signals but then make a final push down back through the level taking out a heap of stop losses then quickly changing direction into original bias...
EURCADEURCAD has been creating a wedge, currently did not create lower low, but double bottom with divergence on the support zone + harmonics pattern that's currently consolidating in the zone. I am waiting for a break of structure, retest of EMA 20(pink) and rejection.
Trading OXT: Has topped & headed for full retraceDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
OXT seems to have just completed a bullish impulse wave that started on July 2nd and has finalised corrective wave A at exactly the 61% Fib level. For those unfamiliar with Elliott terminology, A is the first wave of an ABC correction. B is next, which also seems to have started. We will have a confirmation of this as soon as we break out of the wedge marked by the red lines. The first target for B wave is the 50% Fib level (0.49), this is a good spot for some high leverage shorts. Shouldn't it hold then the next level 31% Fib level at $0.579. Once wave B is completed then wave C should started. The target for wave C, estimated based on how deep A has been, is around 0.168. This means that should the current formation (which I plan to trade) be confirmed then the price should almost fully retrace the gains achieve since July 2. Right now I will wait for wave B to form and will be looking for shorts in the 50% Fib area first and 32% next.
Entry: 0.49 SL: 0.54 TP1: 0.30 TP2: 0.18
