How do we create a Daily bias to organize our trades ideas?
After all, we want to implement our trades with confidence so that we can manage them as best we can. A Reasonable daily bias can guide us through the volatility and mayhem of intra-day market behavior.
In this video I go through a few hindsight examples and also touch on the current market environment.
I am commonly asked what is the most important time frame to analyse your pairs on. Which doesn't always result in a simple answer since multiple time frames must be taken into consideration for successful trading e.g. weekly/daily/4h/1h.
However, there is the one that is universally considered to be principal and that is the daily time frame. Here are some of...
The Daily structure shows formation of a Higher Low and previous 2 Daily candles were part of the bullish impulse. The 4H structure can be seen creating Equal Highs, signaling probability of structure shift from bearish to bullish, confluently with the Daily Bullish bias.
CADJPY – Sellers will soon show good position for sell if the price will maintain below new resistance
Trend: Strong Sell
Support/Resistance:
R3: 81.200
R2: 81.838
R1: 81.634
S1: 81.402
S2: 80.840
S3: 80.252
S4: 79.817
Price action:
Market start showing potencial reverse flow, from buy to sell. We have to be carefull from now to the London section, but if...
GBPUSD – Buyers momentum reaction from the channel
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.29929
R1: 1.28974
S1: 1.28378
S2: 1.27548
Price action:
Buyers were very strong from news announcement, but the problem is because we have small gap downside. We might reach channel next touch but be aware of the gap and market behaviour like we are teaching in...
USDCHF – USD pair is showing positivity over market -
Trend: Buy/ Neutral
Support/Resistance:
R3: 1.00704
R3: 1.00280
R2: 1.00094
R1: 0.99750
S1: 0.99491
S2: 0.99040
Price action:
In this case, when buyers will break first resistance, it is important to follow steps as correction and momentum flow before buy is confirmed. We are positive for buy in this case,...
AUDCHF – Buyers getting stronger (waiting for news)
Trend:Strong Buy
Support/Resistance:
R3: 0.68791
R2: 0.68502
R1: 0.68292
S1: 0.68205
S2: 0.68006
Price action:
Buyers are ready to break higher by showing strong momentum. Till the news are not reliased, we can't know the next move in any way (recommended).
Potencial trade idea:
Bulls targets:
T1:...
Trend: Sell/Neutral
Support/Resistance:
R2: 1.4660
R1: 1.45954
S1: 1.45765
S2: 1.45240
S3: 1.44897
Price action:
Sellers has to retrace deeper if buyers will not come back under level 1.45765. Sellers at the point are showing good momentum, but overall market is still in buyers mindset.
Potencial trade idea:
Bulls targets:
T1: 1.45240
T2: 1.44897
NOTE...
Trend: Strong Buy
Support/Resistance:
R2: 0.63875
R1: 0.63660
S1: 0.63363
S2: 0.63103
Price action:
Bulls from previous week still didn’t stop because the weekly candle from previous week just started move up stronger. Following momentum from previous days is showing potencial channel continuation.
Potencial trade idea:
Bulls targets:
T1: 0.63660
T2:...
Trend: Buy/ Neutral
Support/Resistance:
R2: 0.64883
R1: 0.64448
S1: 0.63910
S2: 0.63540
Price action:
Bulls did well done job from previous days and broke sellers resistances without much resting. Because sellers didn’t show much power we might see delay or slower up move where is last higher high before bull run.
Potencial trade idea:
Bulls...
![USDCHF: [b]USDCHF – USD pair is showing positivity over market[/b]](https://s3.tradingview.com/b/B4wGTXhA_mid.png "[b]USDCHF – USD pair is showing positivity over market[/b]")
