EUR/USD ready to go !EUR/USD has just formed a heikin ashi doji after a long downtrend, a possible trend reversal is imminent.
The stochastic is also oversold and ready to move up.
Doji
DOT ready to go !A strong doji has formed after a retrace signifying that this retrace is coming to an end. The price has already started to move up since the doji.
Stochastic has just re-entered as well after being oversold.
GBP/CAD-Just Went LongLet's See How This Plays Out.
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US10 Y - TREND REVERSAL IN PROGRESS...D1 : Recent price action is showing a trend reversal in progress.
Indeed, last Friday a "doji" (uncertainty and indecision) took place which
has been followed yesterday by a bearish engulfing pattern !
Today's ongoing price action continue to move to the downside.
Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140
as the first important support and last but not least, at the MID BOLLINGER
BAND, "T H E L E A D I N G I N D I C A T O R", currently @ 1.5620 as a pivot
level for the ongoing session (s)
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Have a nice trading day
All the best
Ironman8848
GBPAUD - Another Push DownWe saw some bearish movement on GBPAUD yesterday however it appears a weak AUD caused a bullish reversal in the pair overnight. (I am currently in UAE timezone)
At the time of writing, the London session has just begun & we see price action indicating that another move down may be imminent. I observe a bearish doji followed by what appears so far to be an aggressive bear candle (lets see how this hour closes!). Price appears to have rejected the 1.80 psychological level also.
I am aware price appears to have broken the downtrend however if we observe a closure within the trendline then I will classify this as a fakeout.
We can then look for short entries to ride priced down to the previous swing low at around the 1.78200 level.
EURGBP LONG: Doji weekly close longer term play with GartleyWith a few hours to go it looks like we have an indecisive weekly close in the form of a Doji candle. In addition during the week my eyes spotted this Gartley advanced pattern which whilst not something I really trade any more I will note it. A chance to go long at the open on Monday if the weekly candle close still stands with a great RR and a longer term play.
How to trade the US Dollar Index based on US FED policy actionsYesterday JPowell was very dovish. In summary, it's clear that the FED will use every tool necessary to achieve full employment.
This implies that he'll let inflation run hot above 2% for a while. The recent rise in the US 10 YR yield indicates inflation is coming. However, JPowell said that he won't use tools to raise rates to follow the yield curve yet but implied that the FED may extend treasuries maturities should higher yields negatively affect unemployment numbers. Unemployment is still high.
How to ride this out
JPowell seems to think that the upcoming inflation will be transitional. He also expects the GDP growth to hit 6.5% by the end of this year. In addition, increasing vaccination will boost reopening economies around the world.
Therefore, I expect the US Dollar to be strong for a while before heading lower. This play has the least resistance and current economic conditions support this.
However, the US Dollar may immediately head lower as more money is introduced into the system. The FED will continue with QE as stimmy cheques hit banks this week.
Short opportunity on Enjin coin Enjin coin has been on a massive bull run recently. The price has started to form the Heikin-Ashi system and the strong doji that has formed indicates a downtrend is imminent. Buy to cover at around 1.53
BTC - H1/M15 - FACING FIRST RESISTANCE (38.2% FIB RET ) @ 56097H1 : Recent price action triggered a corrective recovery towards a high so far of 56450,
making on H1 closing a doji pattern = indecision and uncertainty
Last candle did not managed to close above the 38.2% Fib ret @ 56097.
Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area
would again trigger another wave of selling pressure targeting a retest of former lows.
M15 : Caught in a kind of triangle pattern with 57000 on the upside and 53000 as pivot level
area for further development.
Watch clouds as a very short term support zone
All the best
Gold long, is this the turning point !!?as we can see, gold has formed our Heikin-Ashi system, the doji formed a few days earlier however a long now is still a good
trade. this looks like a turning point after a long daily downtrend.
I advise risking 2 % of your capital on this trade
$PTON Big Doji candlestick suggests Bounce to 130-132 Over sold indicators supporting Friday Big Doji candlestick around 105 . Above 98 Short-term suggests bounce to 130-32 then consolidation or other pullback lower than 93. Battle ground around 123
Resistances: 115.2 - 123.4 - 130-132
Supports: 98 - 93 - 85 Stops for longs.
possible quick long opportunity before short ! the price has broken major support levels meaning that a big move down is likely. however a retrace is also showing on the Heikin-Ashi which means there is a quick long opportunity before the short. the stochastic is still oversold and will potentially reach the overbought area before the price starts to move down. this is an ideal situation to increase your profit before shorting the price by catching the retrace.
Quick profit heikin-ashi trade! System test Here is a good example of the Heikin-Ashi system in action in a forex market
Always watch for the main signals to enter or sell: donchian, stochastic, heikin-ashi doji, CMF
This trade as shown worked well, always make sure that each signal has been ‘ticked’ before entering or selling.
Live trade ideas coming soon!
$BTC: Heikin Ashi showing signs of a turn around? Patience!!On the daily heikin chart, we're seeing the first bullish doji forming, which is a sign of indecision and the possible end of this downward trend that we've been in the last week. This 26% correction is fantastic for reloading on fuel for the next push higher. There's almost a 0% chance that 58k was the "top" and that we won't see #Bitcoin push towards the inevitable 6 figures.
I'll be looking to long the breakout of the top wick on this doji that's forming today. On the heikin ashi chart if price action was to push above that level, it would show an actual reversal in the trend. Be careful trying to long before that as the bullish doji in the micro downward trend might just be a pause before continuation. $BTC has multiple 30-40% corrections in its last run, and I would never count out the whales from a nice fake, followed by a liquidation of overleveraged moon boys, and then a subsequent earth shattering pump. Let's be patient and find out!
SE- My international E-Commerce playLast year, SE turned cash flow positive and posted the triple digit revenue growth quarter after quarter. It is a digital entertainment/gaming + E-commerce + Fintech all in one company and is turning into a behemoth in south east asia.
In addition, SE was a favorite buy for several top hedge funds in Q4 2020.
It seems like we will see some weak rally tomorrow as the bottom-buying pressure seems to have waned compared to previous occasions in which buyers showed up almost immediately as soon as the price touched the bottom of the long-term trend. Not saying the trend will be broken, but it's likely that we will see a brief consolidation first, then another swing low before the reversal happens. Nonetheless, I will buy the dip tomorrow and aim to fill the remaining of my positional size inside the demand zone.
Not the investment advice. Just my two cents
BTCUSDT 4H | Bitcoin market overview: Trend reversalHello, dear subscribers!
In the previous review, we looked at the rise in bitcoin price as the preferred scenario for the bitcoin market.
In the following days, bitcoin price went up, showing a maximum of $57,700. In today's review, we want to show you a possible reversal of the uptrend. A reversal candlestick pattern may be formed on the bitcoin price chart in the following 4-hour candlestick after 16-00 UTC. The current candle forms a doji or hammer candle. The red candle following it forms a reversal candlestick pattern. Also, this movement confirms the decline of the OBV indicator, which indicates the closing of positions by buyers and the increasing influence of sales in the bitcoin market.
Targets of the downward movement will be the levels - $52,000 and $48,000.
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USDJPY - Support and ResistanceAs mentioned a few months back that USDJPY will hit a few bumpers along the way and 1 of it is at 106.01(chart at bottom)
I've engaged in an aggressive short and that is an attribute to candlestick formation, a doji on the resistance level way before the actual movement.
Once the price come in contact with the trendline, I will shift stops to entry and the candlestick close will be my main deciding point if I will intervene and exit the trade.
DXY bullish?After price maintaining around 90.40 for 3 days I expect to make a Higher High. I f we break bellow 90.00 I would consider this trade invalid for me.
BTC - AT A GLANCE - TRADING IN THE ZONE - D1 - H4 - H1D1 : As expected, (Tks to Elon !)..., the Monday's breakout of former high @ 42000 triggered a sharp acceleration move towards a high so far
of 48200, close to the psychological target mentioned of 50'000. (see my previous Heat Map post).
Looking at yesterday's price action, we can see a "school case", perfect "doji" pattern which means indecision and uncertainty !
In addition, coupled with this doji, there is also a bearish divergence on RSI.
Therefore, it looks like, further downside is on the cards !
After this sharp move, the 45000-41000 trading range is very fragile and we can not ruled out to see a mirror effect happening
in the coming session (s) which would push the BTC down back towards the form congestion zone of January 41000-42000.
Screen shorter time frames to get intermediate signal (s) which will help to validate or invalidate this expected bearish scenario.
Important to note that on D1, we are still in a strategic uptrend (see the support trend line in green) and therefore the view expressed
here should be seen as a tactical trading approach (countertrend !)
Only a clear breakout of the uptrend line support would switch from bullish to bearish in a strategic mode approach !
Scenario 1 (Bullish) :
Recovery and breakout of the former high of 48200 and then again sharp acceleration towards 51000 and probably higher (Fib projection)
Scenario 2 (Bearish) :
Failure to hold above 45'000 (yesterday's intraday low) would put the focus on the 43'000 area (see H4 and H1 comments below)
H4 : Downtrend in place.
Watch 47'000 on closing period observation; a recovery above that level would, for the time being, neutralise the downside risk.
On the downside first level to look is 45'600. A H4 closing below that level would be the first signal confirming an ongoing bearish
price action targeting the next support previously mentioned on D1 @ 43000
H1 : Downtrend in place
Below all leading indicators !
Watch 44900 as the key pivot point, which is also the top of the clouds support zone and which corroborate the view expressed above on D1
As for H4, only a recovery above 47000 would force to a view reassessment of the expected bearish scenario
BTC - H4 - LAST CANDLE TRIGGERED A DOJI = UNCERTAINTY !H4 : Last closing candle triggered a "doji" pattern, showing uncertainty and indecision
In addition closing was below TS
Watch now MBB, currently @ 38552 and on the upside the 39700 area !
And again screen intermediate price action on H2, H1 and shorter to detect as early as
possible, any precursor signal showing a switch from bear to bull mode
BTC - H1 - DOJI + BEARISH DIVERGENCE !H1 : Last candle triggered a doji pattern, coupled with a bearish divergence and
a potential double top formation in progress (trigger level @ 34400 !)
Therefore, it is likely to see a downside move, targeting at least MBB g 34764
ahead of the 34500 area
Watch intermediate price action on M15 for confirmation of the expected above mentioned
price action.
NASDAQ 100 : SOMETHING IS COOKING - TREND REVERSAL IN PROGRESSD1 : Recent price action is showing a potential trend reversal in progress (below MBB)
W1 : Dark cloud cover in progress (to be confirmed on a weekly closing basis)
M1 : Dojipattern in progress which should also be confirmed on monthly closing on Friday
Wa
