GBPAUD →Technical pullback, after which the growth will continueFX:GBPAUD forms a reversal pattern at the base and support of the lateral range of 1.86094. The implementation phase of the set-up leads to the strengthening of the currency pair to 1.88950. The technical pullback begins, which may reach the retest of SMA-200.
The price is inside the range. From the support we see active price strengthening towards resistance. The strategy of trading inside the range is simple - it is worth to focus on the resistance and support of the flat.
At the moment c
Bearish Butterfly
Dollar Bias!My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level.
If you are looking for a counter-trend move, I've something for you. A Bearish Butterfly Pattern that seems to complete at 141.65; in order for this trading setup to complete, the candlesticks pattern m
BTC-USD ✦ LONG SETUP ✦ ONE HOUR✦HARMONIC✦ POSSIBLE REVERSALBITCOIN (BTC) started to move in a bullish direction after a noticeable downfall. However, there is a big resistance zone which can stop BTC to move further in a Bullish Direction. Therefore, this trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. Bearish Butterfly Harmonic Pattern is forming on one hour time frame and it is expected that BTC will take reversal from Point D (Potential Reversal Zone) mentioned in the chart. In addition, Presence of Divergence
GOLD/USD: Upthrusting into the PCZ of a Bearish ButterflyGold is showing some MACD Bearish Divergence at the PCZ of a Bearish Butterfly while at the same time the RSI seems to be thrusting it's way upwards, but the thrusts we get up in price are shortening as we trade into the Pattern Completion Zone of this Bearish Butterfly. If things go as expected, we will see Gold reverse big from here and likely undo the entire uptrend.
OMG! Did I miss a trade?OMG! I was doing a qualifying call, and I might have missed the trade! And this is why I don't usually trade off the 15-minutes chart.
From my experience, this trade is gone, but a retest on 128.98 happens; it is a great second-chance entry.
2 Economic Data to take note
On 18Jan23(GMT+8)
Tentative(usually before 3pm)
JPY - BOJ Outlook Report
JPY - Monetary Policy Statement
JPY - BOJ Press Conference
9.30pm(GMT+8)
US Core Retail Sales
US PPI
In any case, by the time the economic data is rele
USDCAD - Bearish ButterflyLast night during our live session in trading view(www.tradingview.com). I've mentioned that there's no need to chase after the USDCAD trade as there's a rate hike decision happening in less than an hour.
If it's your trade to take, you will have another opportunity.
Missing a trade is better than getting into a trade you aren't supposed to take.
I'm waiting for the current candlestick candle close to engage this trade.
Butterfly Pattern - SellHey traders, here I am sharing a beautiful Butterfly Patter in XAGUSD. This is a short. Now, be CAREFULL! There are 2 possible entries on this type of patter, so choose wisely and use a good risk reward ratio.
I could totally see this falling @ 21.700
Happy trading!
XShort
USDJPY At Monthly Candle Close Resistance and Bearish ButterflyUSDJPY is slightly above the PCZ of a Bearish Butterfly and right at Monthly Candle Close Resistance with Bearish Divergence on both the MACD and RSI this will be the last line of defense for the JPY.
Here below you can see the Monthly S/R zone:
GBPUSD-Weekly Market Analysis-Nov22,Wk4It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel.
That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy.
If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pa























