Monthly Price above monthly Kijun and Kumo current monthly candle is forming a Doji Weekly Price above weekly Kijun Price in Kumo since 4 weeks, explaining the monthly Doji Daily Price above the Daily Kijun and Kumo Price in Kumo since 4 weeks, explaining the monthly Doji The sentiment analysis is still bullish on the the different...
Watch for correction to break and enter. Stops above the high of correction
We’ve seen a sharp movement upwards from the beginning of march. We then saw some profit taking and price retrace to a key Fib area where bulls took over again bringing price higher again. What we are now looking for is if we can close above this highlighted area to confirm further upside. If price is unable to close above this area, then we will be looking for...
As seen on the chart, GBPUSD has hit support and I expect it to bounce back up. RISK: Medium to High Why: Because the candles at this point are still weak and it has hit the support before the trendline, which could indicate that it's not going to follow the trendline anymore, or it could go back down hit the trendline then bounce back up.
Hello Bunny's, here is my analysis for EURUSD. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks
NZDUSD H4 LONG IDEA ( CUP AND HANDLE PATTERN) ... ( you can DM me for more informartion about my analysis )
Waiting for brake down and retest of this structure ( H1 ) to possible ride it down to 1.87 area. Watching developing price action.
4H CHART EXPLANATION: After breaking up the Resistance Zone, price started moving sideways. It has recently broke the Bottom of the range, consolidating below on a pullback to the zone and breaking it downwards. Our short term target of this movement is the Confluence Zone between the Support Zone and the Ascending Trendline. And, in case this zone is broken,...
Trying to establish bias on BTC through multi time frame analysis that would warrant taking a short position. When all time frames are telling the same story then we should have a strong conviction and bias to that side. As shown in charts I am waiting for a convincing break of that strong support to confirm my higher time frame bias. Entry trigger can be on lower...
on the daily chart usd jpy is in a downtrend, has been retracing for the last week tho connors rsi was greater than 80 which in the past indicated good short entry signals (idea for quant journal test the accuracy rates of indicators on each symbol) hitting resistance at 108.282 broke under the uptrend line indicating weakness in the trend setting stop loss at 15...
Bitcoin now near the previous high ~ 14000, I'd like to have a multi time frame analysis about bitcoin, and I will try to describe what's the best option for traders. Weekly Time frame: For the weekly time frame, I'm rarely seeing two green candle stick after the shooting star pattern with huge volume. weekly RSI running in overbought long times, I'm expecting...
XAUUSD, Multiple time frame analysis: UP W1: - Tendency: Upward - Break and above resistance -> Waiting signal=> BUY D1: - Structure: Uptrend - Break and above resistance - Move to resistance Daily H4: - Strong upward - Above support Weekly => UP
its all about knowing the direction I have a short bias on this pair according to higher time frames but waiting for the price to reach where i can get a good RR ratio, you can enter at this price for a 1 to 1 RR ratio tp on 27% Fib ratio but its better to just for for the sell limit to get activated as we have missed on the first wave
waiting for confirmation from 4 hour chart if we get a good rejection we enter for a good Risk to Reward trade
this is the process how i find my trades coming down from monthly and mostly break out trades the last few trades didnt go so well due to so many news and gaps in the market but this month we will recover and get back on track. when you want to find MACD breakouts the reference points should be the last divergence that reversed the market the soul strategy comes...
M - Price is currently stalling at a historical S/R level at 0.70700. There is not a strong reversal yet, so that is something to keep in mind when analyzing this pair, but price is still currently sitting at a key level. W - Price has formed a triple bottom at key S/R. There was a small bullish bar that closed last week that is signaling price action may be...
#Multitimeframeanalysis : On the weekly chart we can see price reacted to the trendline already connecting with 3 tops. The #pinbars support the idea that price is moving away from the trendline. On the daily chart we can see support got broken and is now acting as resistance also making lower higs and lower lowes. In todays post I want to sow you how I then...