The Top/Bottom finder predicted the low in USD/CAD. Price is now heading back to re-test overhead resistance R3. To find out more about MIDAS Trading Tools visit MQL5.com.
MIDAS indicators does not work on USOIL on TradingView for some reason, so I am attaching a pic of my chart here: c.mql5.com
MIDAS have generated a SELL SIGNAL at the top of the trend channel.
The probabilities are stacked on GBPJPY (to the short side) as price is about to reach the MIDAS R1 Curve a TD Price Flip below its TDST is near completion which is lining up with the Fresh Supply Zone marked in yellow making this a great trading opportunity. Momentum is also in overbought conditions creating a Bearish Divergence. MIDAS Trading Tools for...
Price is currently bouncing up against R2 so I am looking to sell short if price close below 76.3. Looking at Money Flow price should be in favour of closing beneath the 76.3 level as AUD is weaker than JPY. MIDAS Trading Tools for MT4 is available to download @ MQL5.com
On the Monthly chart we have a TD-Combo 9 Price Flip. On the Weekly chart we have a TD-Combo 13 Countdown. On the Daily chart we have 7/9. On The 4 Hour chart we have a 9 TD-Combo Price Flip. On the 1 Hour chart we have 12/13 TD-Combo Countdown. I am looking to sell if price close below 0.8575. MIDAS Trading Tools for MT4 is available to download @ MQL5.com
One of my favourite trading strategies is using MIDAS with Japanese Candlesticks and here is the checklist on how to do it. 1) Identify a trend. (Higher highs and higher lows or lower lows and lower highs). 2) Launch a MIDAS curve from the beginning of the trend. 3) As price pulls back to the MIDAS curve, draw a line to identify price structure. 4) If price...
AUD/JPY is about to reach the supply zone @ 78.5 which is lining up with the MIDAS R1 Curve (launched from 2016-07-15). Looking on the smaller time frame there is a TD 9 Price Flip on the 4 hour and a TD 13 Countdown on the 1 hour (TD-Combo) - increasing the odds of a reversal. Further odds enhancer is found in momentum, which is currently in the...
Price have made its first leg to the upside (X-1). I am currently awaiting price to turn back to the MIDAS S1 Curve to go long and trade the second leg up. However looking at the bigger time frame(s) the market is in a downtrend so this will only be a short term trade for possibly 40-60 points. MIDAS Trading Tools for MT4 is available to download @ MQL5.com