#weeklychart : Like most major #currencypairs the #AUDUSD moves in clear waves and @priceaction is easy to read. Here we can see that price seems to have shifted from a Downtrend to an uptrend. #dailychart : When we thought AUSUSD reversed it came down one more time. After that we can now see higher highs and higher lows again so the trend on the daily chart for...
Symbol: $MCD Prediction : Short Daily : The price break the last lower low, with a bearish run, it breaks the trendline, now it's time for a pullback. 4H: The price breaks the EMA 50, it start to consolidate on a support. 1H: I wait a pullback to come near the 61.8% zone and the last support which is now a resistance.
Multiple confluence: - Hightest on Daily - Confirmation price action in 4H - Strong rejection on Weekly PM me for full analysis: feel free to share thoughts... Did you guys catch this move as well? Cheers, Sang N.
After falling to X (94.90), rising to XI (95.68), then reversing to the reversal point at 120% (94.60), confirming the bearish trend. At present, the H4 wave group (1) (2) (3) has the rule of recovery at wave (2), according to symmetry wave theory waiting for adjustment of waiting zone (80-100%: 95.08-95.32). Hit down the Weekly timeframe The 3 Elliot rule targets...
One of the most overlooked tools a trader can use is multi-time frames. 1 chart might be saying sell while the other is saying buy. It's your job as a trader to figure out what timeframe is displaying the most reliable forms of confirmation. From that point you can truly make an informed decision and stack the odds in your favour for profitable trading. Here we...
I know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this. MONTHLY CHART On the monthly chart biggest dollar weakness seems to be over. The facts: -Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it...
WEEKLY CHART Weekly close is a quite significant rejection with a little bit of indecision close to a psychological and technical level (1.15). Expectation for the next candle, so for next week, is a slightly more bullish week. Reason for this is because of the indecision that's still visible. Longer term outlook would be a stronger bullish move if we look at...
On the weekly chart we can see the EURUSD is in a downtrend and price has been hovering around the trendline for weeks now. The uptrend on the Daily chart is supported by a trendline to the upside and this was tested last Friday! Let’s see how markets open on Monday. Will this break continue indicating a move to the downside/trend reversal? Also look at my DXY...
Good afternoon guys, I find this cross very interesting to make a counter trend trade, short, which is approved by the weekly chart. In fact, on this one I find an uptrend which follows perfectly the trendline , but now has a very big obstacle : the Weekly SSB. I draw it on this graph, and I do the same with the Weekly Tenkan Sen , which seems to be ...
Multi Time Frame Renko charts cross over of the lower time frame (box size) is the signal for buy/sell. Selection between the ATR and traditional box size is done by user. If you go by the traditional box size you have to select the box size manually. So change some based on the price of the Currency (you can begin by 1/10 of the currency price). Tips: It can...