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Majorstructure

US30 BUY 01/18US30 is truly my favorite pair to look at and I look at it consistently everyday, I try to keep it simple with my analysis so it doesn't seem overwhelming due to the volatile movements, with that being said I am expecting a BUY since price is now back at the bottom of our channel Note: Price has been in a Flag Channel since MARCH 2021 Major Structure: Monthly/Weekly/Daily - Price has been In an Bull Flag for a few months now, for major structure I have price still BULLISH creating a HH/HL, although the economic factors like Covid 19 (Omicron, Delta Variants), Inflation (@ all time high 7%), Labor Stats, Short Squeezing etc. could cause some sort of Correction/Crash Major/Minor Structure: 4HR/1HR - Price is just about to hit our -61.8 Retracement on our Fibs for Major Structure, which means we should expect some sort of Reversal in price which is another confluence for our BUY Minor Structure: 1HR/30MIN Price is heading towards our -61.8 Fib Level on Minor structure as well, with it being Wednesday and this being our Intraday timing, HOTW is currently on a Sunday, but I'm expecting a Mid week reversal with the LOTW either being made on Wednesday night or London session Thursday, with a Rally to follow into Friday and making its HOTW. I'd love any feedback or commentary from those knowledgeable of Fibs, major structure or use a similar strategy .. From C
OANDA:US30USD
by Cyougotthis
Will there be enough bullish sentiment after capitulation?In order for ETH/USD to maintain the support of the bull trend it has been in on the weekly time-frame all these months, there will have to be an enormous amount of bullish sentiment. The bearish price action on shorter time-frames throughout the entire crypto space at the moment suggests that there will soon be a capitulation phase that will certainly bring ETH's price well below this support. All hope is not lost, however, as a weekly candle wicking below the support with a green body close and tiny to non-existent topside wick would be a VERY strong bull hammer candle. On a weekly timeframe, especially if there is a ton of volume for that candle, will be a strong signal that the trend support will continue to hold throughout the rest of the calendar year. However, failing to return above the support before weekly close after the capitulation will very likely result in an extended bear market with a true market bottom somewhere in 2022 or 2023. This may or may not coincide with Bitcoin and other cryptos. I intend on trading coin-margined ETH futures as well as continuing to accumulate ETH in spot markets to maximize my ETH holdings throughout this consolidation or bearish reversal / bear market. Eventually, ETH will break its all-time-high, and I will want to have accumulated as much as humanly possible during this long-term Ethereum sale.
BINANCE:ETHUSD
by lysergik
Bullish Butterfly At Major Structure on USDCAD!As I am getting ready for my live trading room, I came across this very nice butterfly pattern that will complete at this major structure level. Now I normally don't trade butterflies, due to the fact that they complete below X, and this is where i place stops on the other advanced patterns I trade. But when I get a setup like this, well now I have a structure zone to place my stops under. This pattern will potentially complete @ 1.3021, which is right at the lows of this major structure zone. Minimum stops should be below the structure zone, and even if you want to put your stops below 1.30000, you will still have an excellent risk/reward ratio for both target 1 and target 2. As always, follow your trading plan. If you would like to join me in the live trading room, here is the link: www.youtube.com Good Luck and Good Trading!
Long
by tommyb35
TCT Using Advanced Pattern as entry Technique There is a potential trend continuation trade on the USDJPY -0.72% Building a case for Entry 1. Major Structure Support 2. AB=CD Harmonic move terminating at structure 3. Advanced Bat pattern Completing at structure I'll be using the bat pattern as my entry technique to get into the trade. As far targets go, you could shoot for the conventional targets or trade this as a TCT where you target the previous structure high, exit half your position, roll stops to breakeven and probably shoot for the 127 extension for extended targets. Cheers!
Long
by YemiTrader
Bullish Gartley at Major Support Level!You have a potential bullish Gartley pattern that will complete right at the major support level on the GbpJpy. This support level has held since the decline after Brexit, and it is as good a place as any to look at getting long. Add the Gartley pattern completion and you have a nice potential setup. I just put out my weekly forex preview on my you tube channel where I break down this setup along with a few others. Here is the link to the video youtu.be Good luck and good trading
Long
by tommyb35
Closed under weekly support - Further downside to be expectedThe GBP/AUD has been in a bear trend since the end of August last year. Just recently the bears were able to pull price underneath the even handle 1.90000 and keeping in there for 2 weeks now. The next weekly support came in at around 1.87000 and for now it has absorbed the selling and rejected lower prices. But as long as we do not get a close above 1.91000 I will be looking to short this pair. Right now I see two good levels to sell from. The first comes in at 1.8880 and the second one at 1.9050.
Short
by Sascha_Gogolin