it is currently in a downtrend so we are on short side previous history suggest for waiting to let it breakdown with good volume so here is the plan as per shown on chart @TradingView
Explore the lucrative opportunity of shorting the USD/JPY pair as it ventures below crucial support levels, signaling a compelling downward trend. Dive into this comprehensive guide to understand the dynamics at play, including key support levels breached and the underlying market sentiment. Learn how to capitalize on this trend by implementing strategic short...
AUD/USD: This is a Forex currency pair that represents the exchange rate of the Australian Dollar (AUD) against the US Dollar (USD). Traders often analyze this pair to make trading decisions based on the economic conditions and geopolitical factors affecting both countries. Flag Pattern: In technical analysis, a flag pattern is a continuation pattern that forms...
"Get ready for a potential surge in gold prices as the market hints at a breakout of the flag and pole pattern. The flag and pole pattern, a continuation pattern typically seen in strong uptrends, is forming in the gold market, indicating a potential resumption of the bullish trend. Stay ahead of the curve and capitalize on this opportunity as gold gears up for a...
For GBP/USD, if an inverted head and shoulders pattern is forming, traders would be watching for the breakout above the neckline on the price chart. Once this breakout occurs, it could signify a shift in momentum towards bullishness for the GBP/USD pair.
Looking for a potential trading opportunity in the GBP/USD currency pair? Keep an eye on the intraday charts for a breakdown of the inverted head and shoulders pattern. This classic reversal pattern typically indicates a shift in market sentiment from bearish to bullish. Here's how to identify the setup: Inverted Head and Shoulders Formation: Watch for a series...
Explore effective strategies for short-term trading on the EUR/USD currency pair as it approaches the upper boundary of its current trading range. Learn how to identify key resistance levels and implement tactical approaches to capitalize on potential market reversals or consolidation within the range. Gain insights into risk management techniques and entry/exit...
In this scenario, the BTCUSD pair experiences a significant downward movement below a critical support level, triggering a bearish breakdown. Traders witness a sudden and drastic drop in the price of Bitcoin against the US dollar, accompanied by a large red candle on the price chart. The selling pressure overwhelms the market, causing panic among investors and...
Investors are closely watching the gold market as momentum continues to build, with indicators suggesting a potential surge in prices. A flag and poll analysis conducted by experts indicates that gold is expected to experience a significant increase in value, supported by substantial trading volume. Traders are advised to closely monitor developments in the gold...
as per drawn on charts we will initiates bullish trade on conformation . always remember that trade taken before conformation has no difference with the skillset of a novice trader @TradingView @johntradingwick
In the volatile world of commodity trading, gold stands out as a prized asset with its unique dynamics and responsiveness to market shifts. Trading gold reversals requires a keen eye for patterns and a strategic approach. This article explores a potent strategy: identifying breakdowns of previous lower lows and leveraging substantial volume to initiate trades on...
The USD/CHF currency pair is currently consolidating within a flag and pennant pattern, signaling potential bullish momentum ahead. Traders are closely monitoring the price action, anticipating a breakout to the upside. Learn more about the technical analysis and factors influencing the pair's movement. Stay updated with the latest developments to capitalize on...
Just traded reversal probability of audusd comformed by good volume
usdjpy falls off drastically and now if it shows some strong upsidness then it is a good buy opportunity with good volume
Attention traders! An exciting opportunity has emerged in the BTCUSD market. Following the completion of a flag and pole pattern, the market has just experienced a significant breakout characterized by a substantial green candle accompanied by a surge in trading volume. This bullish signal suggests a potential upward trend continuation for Bitcoin against the US...
just go with momentum looking for a scalp with very good favourable r:r ratio
In this analysis, we delve into the NZD/USD currency pair's current trajectory, revealing a downtrend that appears poised to persist. With a strategic examination of recent market movements, we uncover a trend that seems to have entrapped buyers, offering insights into potential future developments. Stay informed and navigate the market with confidence as we...
As the cryptocurrency market experiences heightened volatility, an enticing shorting opportunity arises for BTCUSD traders. With signs pointing towards an imminent retracement before a potential breakdown, astute investors can capitalize on this market movement. This analysis delves into the technical indicators and market sentiment driving this forecast,...