What is Weekly Bias in Trading?
Weekly bias is just a way of figuring out which direction the market is likely to move over the course of a week. It helps traders decide whether they should be looking for buys or sells, making their trades more in sync with the market’s momentum.
How to Figure Out Weekly Bias
1. Last Week’s Close:
- If last week’s candle closed bullish, the market might continue up.
- If it closed bearish, there’s a good chance it keeps dropping.
2. Market Structure:
- Uptrend (higher highs & higher lows) = Bullish bias.
- Downtrend (lower highs & lower lows) = Bearish bias.
3. Support & Resistance:
- Price bouncing off a strong support? Buyers might step in.
- Price rejecting a major resistance? Sellers could take control.
4. Moving Averages (MAs):
- i dont use indicators but some traders use them and they work
5. News & Fundamentals:
- Big economic events (like interest rate decisions or inflation reports) can shift the market’s direction for the week.
Why Does Weekly Bias Matter?
- Intraday traders can use it to confirm trades on smaller timeframes.
- Swing traders rely on it to hold positions for days.
- Scalpers might not need it as much, but trading in the same direction as the weekly bias can improve win rates.
focusing on the bigger picture can help to identify quality trades
Weekly bias is just a way of figuring out which direction the market is likely to move over the course of a week. It helps traders decide whether they should be looking for buys or sells, making their trades more in sync with the market’s momentum.
How to Figure Out Weekly Bias
1. Last Week’s Close:
- If last week’s candle closed bullish, the market might continue up.
- If it closed bearish, there’s a good chance it keeps dropping.
2. Market Structure:
- Uptrend (higher highs & higher lows) = Bullish bias.
- Downtrend (lower highs & lower lows) = Bearish bias.
3. Support & Resistance:
- Price bouncing off a strong support? Buyers might step in.
- Price rejecting a major resistance? Sellers could take control.
4. Moving Averages (MAs):
- i dont use indicators but some traders use them and they work
5. News & Fundamentals:
- Big economic events (like interest rate decisions or inflation reports) can shift the market’s direction for the week.
Why Does Weekly Bias Matter?
- Intraday traders can use it to confirm trades on smaller timeframes.
- Swing traders rely on it to hold positions for days.
- Scalpers might not need it as much, but trading in the same direction as the weekly bias can improve win rates.
focusing on the bigger picture can help to identify quality trades
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.