The hourly LINAUSDT has extremely low volatility and is the one lower section of the log transformed standard deviation band. If an expansion happens during this bar, there is a higher probability of price staying within this range.
FLOWUSDT is currently in expansion and is at the 2 Standard Deviation extreme for the log transformed bands and the momentum indicator shown beneath.
TP: 0.705
SL: 0.813
-Price is in contraction and building shelf at the high
- buyers will freak out as stops start getting run and fall back into previous swing
- buyers from last low want to step up and buyers that missed the last run will pile in at the higher low.
- stop is under known buyers that held and entry is at buyers that lifted price to new high
- this is based on...
Chart speaks for it self:)
We are likely to see the imbalance being filled
Do not hurry and do something now, momentum is still steady
Use my indicator to know when you should short or long!
Adaptive indicator and normal indicator is linked below!
Targets will be provided as well
There seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits.
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Contraction Plotter Indicator:
www.tradingview.com
I found this possible short scalp trade, the value line is the TP and is way below and ETH expanded above and broke the trendline with low volume. A SSL Exit arrow also formed, I am taking a chance with this scalp.
TP1: 1212.03
TP2: 1181.8
SL: 1249.7
Note: A contraction may be forming and the stop loss is pretty tight, I am going to wait for the close of this...
Looking at the ETH Chart you can see that its currently in a Low volume ranging market. ETH is in the contraction phase, just bounced a little from a support zone, and is overall not moving alot.
After this it will have a large move, either to up or the down of the value line this isn't what's important
What will be important is trading the trend after the big...
Looking for the USDJPY to trade higher, but waiting for a breakout of the recent APAC session.
Price action is forming a triangle that is encouraging based on other higher time frame continuation patterns.
Depending on which time frame analysis you generate a trading idea, I am a firm believer that you should manage the trade in the same time frame.
Though if...
#EURUSD #FX #4H #Tommy
- Here’s EURUSD 4hr chart and I have made an assumption that the bearish wave starting from around 1.23470 is an impulsive wave cycle in Elliott wave perspective.
- It’s currently testing bottom of the orange ascending triangle with top located around 1.11240 and this very wave structure also can be expressed with an orange upward parallel...
All together its a downtrend contraction to the low side and im pretty sure its just filling this intrest point so that it may continue down to at least head to the daily zone low to take liquidity
Due to contraction are being at the the low point with no test of the high low zone it should expand to the low side and start its move up throughout the day meaning gbp could possibly be moving to the upside
Price have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the...
"Contraction" and "Expansion" patterns have been formed and are followed by the First Leg and Second Leg which are marked as confirmation that Silver is continuing its main upward trend.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
I was wrong beforehand, it turns out that after being noticed on the H4 time frame, as there has been a contraction and expansion phase, it's just a matter of waiting for gold to rise higher. What do you think?.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Hi traders, this will be the trade of the day, it's a contraction an expansion strategy with 4 triggers so let's see if the market will give us a win here.
Note: You can shoot for extended target at the 127.0 Fibonacci extension, if the market does go us from here i do expect it to retest the previous structure at least.
Good luck traders
We have a contraction and expansion strategy here on the EURJPY and I'm expecting the market push lower anytime soon so let's see if the market will turn around and go lower.
Happy trading Guys.
We have good opportunity to go long on this pair based on price action and trend continuation. There's a minor resistance level which you will need to pay attention to.
