Gold Trade SetupMarket is in a very interesting corrective setup.
let us see how it plays out in the next few days.
Comment your thoughts below. I will keep tabs and make updates accordingly.
Chart patterns
AUDUSD breakdown and setups Just monitoring price around the current support to see if we can get an obvious push back up for a retracement and then ill be looking for those short positions for a continued move down on the higher timeframe.
Corn Corn CornDouble-bottom -> break-out -> break of the descending trendline -> now a re-test of the trendline and MA's -> I think we will be soon ready for a bullish move!
GBP/USD - ANALYSIS - @TradersLounge.USHello, everyone! Here's my analysis for GBP/USD!
Price has just reached support on the Daily. We've seen consistent moves to the downside for this second half of January. These next few days should give us a clear outlook on how the market is going to react to this 1.34xx area. Also, a new monthly candle will open on Tuesday!
Here's what I''ll be on the lookout for:
4H/2H - Bear flag is forming so I'll be looking to trade accordingly. If bear flag fails, I'll look for higher lows and for price to break our previous lower high at the 1.35xx area in order to take buys.
Let me know what you see on GU! #HappyTrading
Miajah
Lead Trader @ Trader's Lounge
Failed Double Bottom: Small vs Large Chart PatternsIn this example on the PRAX Daily Chart, you see a bullish double bottom fail to extend to new recent highs due to it being a part of a larger bearish pattern.
It demonstrates that the typical behavior of chart patterns can fail to produce their typical results if found within larger chart patterns.
GBPJPY M15 PROJECTION AND ANALYSISWe saw price tapped h4 imbalance and instantly rejected, we came to m1 to find our most of the confluences, when we got that we instantly entered from m1 imbalance, it can be a signal as well
Confirmations:
1. Higher timeframe bias,
2.lower timeframe entry and
3.structural shift.
GATI LTD PRICE ACTION SETUPNSE:GATI broke out of an ascending triangle and gave retest 2 times.
Breakout volumes and volumes on the buy side are significantly more than the selling/retracement candles.
A trade can be taken after price crosses and sustains 220 levels.
Targets: 250/300
Place a deeper sl below 185
1:2 RR, high probability trade.
Position size accordingly. HAPPY TRADING!
MANA 15 min charting patterns. Quick time frames.Trying to bring the fractal patterns all the way down to the lowest point. It is amazing the percentage of major transactions to minor transactions and these fluctuations. This is the adoptive strength governments are concerned about. I say We might be moving to a world where countries are defined by the price tag
and the service. It's 2022. Why squabble over land and religion. there is plenty.
BTCUSD 15 minute Chart Patterns - Watching BTC like this is really amazing. I can see there is a structure but breaking the pattern of prediction is way more observable. this is a very cool algorithmic approach to pulling the rug. If you see it, you can ride the move.
BTCUSD 4 hour chart 2022 - The lull and impatientThis is an amazing time. I see an almost vigilant push by society to accept the next generation of opportunity. This more than anything drives inspiration ad wealth and ideas ad will fill the pockets of many. Here I watch the BTCUSD pair navigate this sentiment. All aspects included.
Bitcoin for The next Month - BTCUSD chart patterns - 24hrIf you scroll around on this chart you'll see it goes back years. Hopefully, it never gets deleted, I like seeing the old force lines affecting the present-day movement. In the next chart, I will zoom into the time scale and seek fractals.
MANA holds steady. A little payday but not much play.This is a very interesting market. MANA followed the market with a little pre-FED speech. But not as drastic of a move. This coin is not in the top 20 but does have over 3 and a half billion market cap.
Head and shoulders pattern spotted on bitcoinFurther dip of bitcoin is expected as head and shoulders pattern spotted on the weekly time frame. Unless theres some sort of fundamental news to change the forecast, btc would fall
US30 M30 PROJECTION AND ANALYSIS.
US30 took some major lows and we just got the proper confirmations for shifting the market structure, here is the confirmations below
1. higher timeframe bias
2. lower timeframe market structure shift.
3. POI
Polygon Future casting. The three paths.Matic is less rigid in its geometrical path through time. Its fluid. more curves. This seems like an advance in function. I will keep an eye out for it.
I See so much use of Polygon. It needs to pull away.I see so much use of polygon out there. I think this chart is showing a tidal force. Bitcoin has become the ocean for which life evolves. Then comes survival of the fittest.
Polygon Matic falls below the life line! is .62 the next stop?This was a special little spot. I see heavy manipulation which, in this case, gives me hope.
ADAUSD POTENTIAL LONG BIASThanks for reading my Analysis.
Today I am looking @ ADAUSD from couple of technical view
1.Trend Analysis
1.Wave count
2.Technical Support level
3.Pattern emerging
Having count a significant 5 Elliot Wave Pattern which the 5th wave moves from 68.2%(0.9721) retracement level and terminated @ 127.2%(3.1763) extension. A GARTLEY Harmonic Pattern has currently emerge from my perspective which is currently sitting on a long term support zone of 1.0054 to 0.74. It is glaring from the Monthly Chart we are in a long term Uptrend while our Intermediate term Trend (WEEKLY) is currently balancing as we are still sitting above a huge daily support level of (1.0054 to 0.74) while our Short Term Trend(Daily Chart is DOWN) and hitting a support zone that ranges from 1.0054 to 0.74.
This Technical Support level of 1.0054 to 0.74 is an inflection point for my Long Bias. We may see a potential quick flush down below it or price may hold steady where we are to start seeing a potential Trend change pattern for continuation to the Upside.
But any break below our support level and a retest to give us a role reversal will be the change to a down trend for me.
LONG ENTRY
A bounce from TECHNICAL SUPPORT
1.0054 to 0.74
SHORT ENTRY
ROLE REVERSAL of BREAK BELOW 0.74 and retest with rejection as a resistance
Also to buttress up my LONG BIAS, we are currently sitting on a long term 633EMA that I use to gauge OVERBOUGHT and OVERSOLD level. Price has hit my yellow 633EMA and I am expecting short term volatility in price between 200EMA (black) and yellow 633EMA.The only Challenge we have is I am still looking for volume to backup my long.
For more information on my trading technics and learn how to trade anything that can be represented on the chart and if you love the brief and precise analysis while not get in touch and I will be more than happy to guide you through our journey
EURAUD- 2HR Two side entry and exit FOREXCurrent active trade 1-20-22
Long EUR AUD- 2hr Demand zone with stop at 1.55654. target 1- 1.56900, target 2- 1.5745
Supply- Short Setup-30 Min chart at 1.5760
EURUSDEURUSD
short trade for eurusd
reason for long position
price is respecting the 4H trendline
1H chart price could not break the 61 fib
bullish engulfing candle close
eurusdeurusd has broken and retested previous resistance
50 and 200 MA cross
price currently between 50 fib and 38 fib
trendline
EURNZD SHORTVery strong resistance zone and trendline. We most likely will see the price rejecting this area and exploding for the down side
ADA - Will we reach all time highs again? ADA
Daily Time frame
ADA has been in a down trend since September 21 creating this descending channel and heading towards major support at 1.000000 where price has failed to break through numerous times now.
Will we see price break out and reach all time highs again?
What do you guys think?
