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Chartpatterntrading

Xauusd ShortThe beautiful price structure of gold is being prepared for a very profitable short-selling position and I will enter the sell from the specified range. Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
OANDA:XAUUSDShort
by Hamiratrading
6
UPDATE of my setups! Hello everyone. It was a very calm day in the market! I got some small updates: USDCAD - Red to Orange (Getting slowly in my direction) AUDCAD - Purple to Blue (I'm in this trade!) AUDNZD - Orange to Red (not suitable for a trade anymore) Orange pairs: USDCAD, AUDCHF , NZDCHF , GBPCAD , EURAUD , GBPNZD , NZDCAD , EURNZD , EURCAD Green pairs: USDCHF and GBPCHF Purple pairs: EURGBP Blue Pairs: AUDCAD (Trade!) * Orange = Moving away or getting slowly to our trade, not suitable for a trade yet unless it's giving a little bit more in our direction Green = Close to a trade, needs a break for anything serious Purple = Very close to a trade! Needs a retest or a break of exhaustion point for an entry. If you have any questions, let me know! Have fun! :)
by stefann187
2
Setups for MondayOrange pairs: AUDNZD, AUDCHF, NZDCHF, GBPCAD, EURAUD, GBPNZD, NZDCAD, EURNZD, EURCAD Green pairs: USDCHF and GBPCHF Purple pairs: AUDCAD and EURGBP * Orange = Moving away or getting slowly to our trade, not suitable for a trade yet unless it's giving a little bit more in our direction Green = Close to a trade, needs a break for anything serious Purple = Very close to a trade! Needs a retest or a break of exhaustion point for an entry. Have a great week all! :)
by stefann187
2
Forget about chart patterns! Hello, my dear friends and happy New Year! I wish you to be healthy and reach all your goals in trading and not only! Never give up on this difficult way which we are going to overcome together! Today we have a very important topic. How to use Elliott waves instead of classical chart patterns. This is the natural exposure why the chart patterns are garbage. I remember my third year at university when we have the trading lessons. Our teacher gave us a lot of useless knowledges about support, resistance and chart patterns. I have not understood why it should working and it was not soo intereting subject for me. That’s why I returned back to trading much later using self-education. Now I have the clear understanding why Elliott waves is the best tool and why it’s working. Most of traders even don’t understand that chart patterns is just the special case of Elliott waves. That’s why today I decided to explain you how you can change the first one to the second one. Let’s go! Double Top(Bottom) On the chart above I drew the different types of double tops. Generally we have 3 types of this pattern Double top with the second top higher than the first one. In this case we can interpret it in two ways. It could be the classical waves 3, 4, 5 and the corrective wave A at the ending stage. In this case we can anticipate waves B and C. Also it could be the irregular correcton ABC inside wave 4 (rarely in wave 2). In this case we should wait for the wave 5 after that. Traders usually execute short position on the neckline breakdown and suffer when the wave 5 smashed their stop-loss. They are wondering why double top does not working. Double top with the equal highs has the same possible outcomes. The only one difference that correction called flat instead of irregular. Double top with the second top lower than the first one. Here is the most common variant is the end of the ABC correction. In this case we have the low potential for shorting the market becuase the new impulsive wave to the upside can hit all stop losses. Head & Shoulders This is the easiest pattern for analysis. The right sholder usually is the wave 4, the head, obviously is the wave 5 and the right shoulder is the wave B. On the neckline breakdown we have the shorting potential only in the rest part of the wave C. You could correctly count waves and short that the bearish reversal bar of the wave 5 or, as a last resort, at wave B potential top. Shorting at the neckline has sence only if you are sure that the wave B was the the wave 1 of the impulsive wave to the downside if higher degree and now the market is in wave 3. We have to learn how to count waves in a correct way. I would recommend you to read the Trading Chaos book by Bill Williams because it has the best explanation how do waves work. Triangles and Wedges This part is common for all types of triangles (ascending, descending, symmetrical) and wedges (falling and rising). This patterns have the similar structure. If we faced with one of these patterns we have 4 possible scenarios. Triangle in the downtrend after the wave 3. In this case triangle is the wave 4, which is represented as the triangle correction. This correction type consists of 5 waves A, B, C, D and E. When the wave E is finished market will continue it’s move in the direction of a trend, printing the wave 5. The same, but in the uptrend. When the market showed us the 5 waves cycle to the upside and the correction is in progress. Triangle can appears in the wave B. In this case the price will continue the corrective move in the wave C after it’s finished. The same with the downtrend. Guys, of course there are much more types of chart patterns. For example, tripple tops and bottoms and so on. The purpose of this article is giving you another view of the market structure and to motivate you studying the Elliott waves theory. Believe me, it has much more potential than it seems on the first glimplse. Best regards, Ivan ________________________________________________________________________________________________ If you like my educational ideas, please smash the boost button to stimulate me make more quality articles!
Education
by Skyrexio
Gold- Rising Wedge Bearish Potential As we can see Gold is forming a rising wedge as shown on the 4H chart. This also aligns with an impulse Elliott Wave pattern, along with some nice wicks bouncing off of the 1830s resistance level indicating bulls may be letting up. It seems Gold may be ready for a push to the down side with the confirmation of breaking out of the wedge. With breaking out we can see a retrace to the common FIB levels of 0.5 which is around 1725 and 0.618 which is around 1699. Around these levels we will likely see a bullsh scenario afterwards, but will have to wait and see what the market has in store. If you would like to see updates on this idea and many more please follow and hit the like button for more!
OANDA:XAUUSDShort
by WrightWayInvestments
CADJPY SHORTlong term down trend on 4H timeframe. Recent tight range broken to the downside, with a strong reversal up to previous support. Now expecting this to act as resistance indicators suggesting an overbought price series and oscillators crossing to the downside for confirmation. Entering positions at support/resistance gives the trader a unique opportunity to be directional with a tight stop loss and setting take profit to support 1, 2 and 3. This results in a favorable risk/reward ratio. Follow for more
Short
by BDPO_Trading
The Exit - How to take profitsToday’s content: 1. Why each exit is within 3 months? 2. Why I turn from investing to trading the US markets since Jan 2022 and onwards If you have been following, today’s is the 6th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” 6. “The exit” Refer to the links below or check the previous 5 videos. E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $5 1 point = $20 10 points = $200 100 points = $2,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Short
by konhow
4
EURUSD > Two Bearish Setups for A Sell..Analysis of #EURUSD Hi traders, today we will have a look at #EURUSD Looking at the daily chart I saw we have two harmonic patterns on the EURUSD, as you can see on my chart, and this may be why the EURUSD was unable to continue to the upside. keep in mind we are going to enter a long holiday break, and it i is not recommended to be in long-term trades. I will look back at this idea next year 😉 and see if we can find a reversal pattern like head and shoulders or double top it will be a good reason to enter this big pattern I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
16
NIO: Be careful with this BEARISH FLAG!• NIO is trading around the support level of a Bearish Flag chart pattern; • Yesterday, it tried to trigger the pattern, but in the end, it did a bullish reaction and it stabilized around the trend line; • If NIO triggers this flag, the bear trend will resume and the technical target of this pattern is around $5; • In order to avoid this bearish scenario, NIO has to react as soon as possible, and stays inside the Bearish Flag again. This would indicate another bounce, possibly to the $14 again; • Either way, we’ll have our answer soon. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NYSE:NIO
by Nathan_The_Finance_Hydra
QQQ: BULLSEYE! Gap filled. What's next?• QQQ hit our target, as it filled our gap at $268.50 (red line); • We set this target on our previous public study on QQQ, on Dec 15 (link below this analysis); • QQQ acted according to the technique so far, and there’s no clear bottom sign on it yet; • If QQQ actually loses the red line, the next technical target is the next bottom at $259.08; • Only if we see a good bullish reaction, and QQQ stays above the support at the red line, we might see a bounce on it. In this case, the 21 ema is the next technical resistance; • Either way, QQQ looks interesting. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
1
EURUSD Resault: 360 pips✅After hitting the ceiling of the descending channel , the euro-dollar entered correction and will move towards the ceiling of the channel after correction again. Stay with me to get more analysis after following me by sharing with friends and leaving a comment According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
by Hamiratrading
4
eurusd , shortAfter hitting the ceiling of the descending channel , the euro-dollar entered correction and will move towards the ceiling of the channel after correction again. Stay with me to get more analysis after following me by sharing with friends and leaving a comment According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Short
by Hamiratrading
8
GBPUSD Resault: 600 pips✅Similar to the Eurodollar, the pound dollar will enter correction after hitting the ceiling of the descending channel and will move towards the ceiling of the channel after correction again. Stay with me to get more analysis after following me by sharing with friends and leaving a comment According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
by Hamiratrading
1