A strong upward trend has been broken and is now ready for a fall on multiple TFs, a major "brick wall" has been broken and lower highs have been made proving a break of structure on multiple timeframes. I personally, would like to see a rejection of the channel, resistance and a potential head and shoulders forming
Happy Weekend Traders,
Thank you for your likes and questions. If you have any queries feel free to message me.
I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below:
Bias: Short USDCAD
Type of idea: Swing
Please note: This chart is 4hr...
There is a bullish trend on the WEEKLY timeframe for the AUDUSD pair.
On the DAILY timeframe there has been a couple of different support and resistance ZONES.
On the H4 timeframe we can see the 1 and 2 ZONE.
Currently, the price has extended to no man's land.
The final candle shows that there may be some bearish pressure as indicated by the bottom wick.
In the...
Upon analysing the chart. I believe that this pair has potential to hit a lower area, to around the 1818 price. Looking at the bigger time frame and seeing it's direction, it gives us a better analysis in the lower time frames to predict what will happen next.
Here is USDCAD Short I have already entered from the 5min TF Stops are already lock in B/E
I use 1hour TF To determine the Fibs trendline and Zones! Lower TF To get in the best entry!
Although price has broken structure to the upside, we are moving very correctively and we are approaching a high value/confluence level. If we see a rejection, we could place a risk entry at the top of structure to catch the potential move.
4 individual strategies combined into one, simple to use. when a buy is valid the candle will turn GREEN with a {BUY} label. when a sell is valid the candle will turn RED with a {SELL} label. this works on ALL timeframes and pairs!
AUDCAD- sell still running in profit
Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens.
In this screencast I show a bit of algo action and some smaller time frame trends which can last for over...
I don't like to speculate too much, thus I am very cautious when mentioning
anything further than a few days from now on into the future.
This idea was born as an answer to the question pitched
by fellow trader - nickrandy1 . Respect!
Simply two charts. The #1 major reason why we are going sky up
is mapped above - the FINISHED correction model...
I go through a number of time frames and explore the price action and probabilities.
No predictions, No recommendations. I'm short on this market at this time.
Disclaimer: Your losses are your own. This means you sue yourself if you lose your money.
GBPAUD has formed a acesding triangle on the 1HR and 4HR time frame and has broken the resistance that was previously tested and rejected successfully 4 times, price action looks to retest this previous resistance and flip to support. Price action is making higher highs showing a uptrend of price. On the 4hr time frame a dragonfly doji has formed showing an...
After a week and abit of dropping sharply, looking for retracement and probable further downside momentum.
This is a prediction of what i think may happen, please! trade at your own risk!
Symbol: Bitcoin vs usd, XBTUSD, BTCUSD
Bitcoin has just got support at 10350-10600 zone. The following days, it may consolidate to decide the direction.
There are some Trend Lines, Red Lines for Resistance, Green Lines For Support.
Short Signals: when it is rejected by Red Trend line with Yellow or Red Signal in "9 Seasons Rainbow Indicator".
Long Signals: ...
