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EUR/USD multi time frame analysis, Trading Idea #3Purple Zones = Daily SNR Red Zones = 4 H SNR Orange Zones = 1 H SNR Yellow Zones = 5 Min SNR Blue Lines = Opportunity for trade 1.) SHORT TRADE REVERSAL When Candle close bellow Resistance and next candle form as Bearish ( better if it is some Bearish reversal candlesticks like bearish engulfing candle or bearish evening star etc....) open short trade; - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 2.) SHORT TRADE CONTINUATION When Bearish Candle close bellow support zone place Short trade (better if is some strong bearish candle) Open short trade - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 3.) LONG TRADE REVERSAL When Candle close Above Support and next candle form as Bullish ( better if it is some Bullish reversal candlesticks like Bullish engulfing candle or Bullish Morning star etc....) open Long trade; - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open above next Resistance zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 4.) LONG TRADE CONTINUATION When Bullish Candle close above Resistance zone place Long trade (better if is some strong Bullish candle) Open Long trade - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open Above next Resistance zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits!
by ArmaTrader97
NZD/USD multi time frame analysis, Trading Idea #2Purple Zones = Daily SNR Red Zones = 4 H SNR Orange Zones = 1 H SNR Yellow Zones = 5 Min SNR Blue Lines = Opportunity for trade 1.) SHORT TRADE REVERSAL When Candle close bellow Resistance and next candle form as Bearish( better if it is some Bearish reversal candlesticks like bearish engulfing candle or bearish evening star etc....) open short trade; - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 2.) SHORT TRADE CONTINUATION When Bearish Candle close bellow support zone place Short trade (better if is some strong bearish candle) Open short trade - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 3.) LONG TRADE REVERSAL When Candle close Above Support and next candle form as Bullish( better if it is some Bullish reversal candlesticks like Bullish engulfing candle or Bullish Morning star etc....) open Long trade; - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open above next Resistance zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 4.) LONG TRADE CONTINUATION When Bullish Candle close above Resistance zone place Long trade (better if is some strong Bullish candle) Open Long trade - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open Above next Resistance zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits!
by ArmaTrader97
USD/JPY 1D analysis 01/07/21Hello everyone , as we all know the market action discounts everything :) notice from all the data and the indicators that we saw on the chart the USD/JPY seems to be moving up with no signs of a reversal yet . we could be seeing the price reaching the are 112.30 in the next few days . Fundamental analysis : The Japanese yen turned out to be the worst-performing currency on Wednesday, allowing the USD/JPY pair to snap four consecutive days of the losing streak and climb back above the 111.00 mark. The underlying bullish sentiment in the financial markets – despite worries about the spread of the highly infectious Delta variant of the coronavirus – continued undermining the safe-haven JPY. This, along with a strong pickup in the US dollar demand further contributed to the pair's intraday rally of over 70 pips from levels just below mid-110.00s. In fact, the key USD index posted its biggest monthly rise since November 2016 and remained well supported by the Fed's surprise hawkish shift. It is worth recalling that policymakers brought forward the timetable for the first post-pandemic interest rate hikes and signalled two rate hikes by the end of 2023 at the end of June policy meeting. The already stronger greenback got an additional boost following the release of a stronger ADP report, which, to a larger extent, helped offset a sharp decline in the US Treasury bond yields. The monthly data published by the Automatic Data Processing (ADP) Research Institute on Wednesday revealed that the US private-sector employers added 692K jobs in June. This marked a notable deceleration from May's downwardly revised reading of 886K (978K reported previously) but was better than the market expectations for 600K. This, along with hawkish comments by Dallas Fed President Robert Kaplan, cemented market expectations over the potential for an early move by the US central bank to rein in its highly accommodative monetary policy. In an interview with Bloomberg TV on Wednesday, Kaplan noted that they are seeing a broadening of price pressures and would prefer to taper sooner than the end of the year because of questions about efficacy, side effects. Apart from this, end-of-month/quarter flows acted as a tailwind for the USD and pushed the USD/JPY pair to 15-month tops. That said, upbeat Japanese manufacturing data kept a lid on any further gains for the major and led to consolidative price action, above the 111.00 mark, through the Asian session on Thursday. Japan Tankan Manufacturing Index rose to 14 in Q2, marking the best level since 2018 and the fourth straight quarter of improvement. Adding to this, the Markit Japan PMI Manufacturing was revised higher to 52.4 in June from 51.5 flash reading. Moreover, confidence about the outlook reached the highest level since the series began in July 2012 amid hopes of an end to the pandemic. This, in turn, extended some support to the JPY and capped gains for the major. Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading.
by GabiDahduh
ETHUSD almost to its C&H breakout target; 15% more to climbI charted this cup and handle months ago and gave a 2747-2800 target back then we can now see ethereum is finally making the last leg up to the target and if we were to zoom in here we could see a bullflag on the 1 day chart that ethereum has just now broken out of and that bullflags measured move lines up exactly with the c&handle target of 2474....so odds heavily favor us reaching this target with that added confluence...giving it at least another 15% to pump from here. Some may be perplexed saying "I don't see a handle" well it's a very tiny handle but its there and you can see it much better on a 4hr timeframe. Sometimes these cups have micro handles. Target 2474 not sure where it will head after that though. *not financial advice*
BITSTAMP:ETHUSDLong
by DrDovetail
4hr chart xrpusd ascending triangle not the dominant patternI was slightly dismayed here upon seeing several 4hr candles close below the 4hr chart ascending triangle pattern but upon realizing they haven't triggered any sort of breakdown decided the best thing to do was to zoom out and see if I can find any pattern on the 1 day chart that may in fact be the more dominant pattern and more relevant pattern we are currently working with...low and behold I did figure out on the 1 day chart that we had broken above a symmetrical triangle and are currently retesting its top trendline as support. Being on a larger timeframe, this pattern should carry more significance than the ascending triangle on the 4hr chart carries...let's hope this is the more valid of the 2 patterns because this one has a breakout target above the 70 cent range. If it is the more valid pattern we will likely see a bullish surge here for xrp in the next couple days or so. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
giant bull flag has a target of 77k if confirmedlots of bullish confluence at the moment and this is our third overlapping bullish pattern right here that we are currently breaking out of...It is also a valid bull flag on the weekly chart as well but I chose to show it here on the 1 day timeframe to better illustrate the trendlines of the flag. not 100% validated just yet but looking good and with all the other pattern breakouts acting in concert with this we have enough bullish confluence to greatly increase the odds of this breakout being validated. Probability currently favors a breakout to the upside....if this occurs we should head to 77k...however we must remember that this could be more valid as a weekly chart pattern then a daily chart pattern so the climb to reach the 77k target could take several weeks. *not financial advice* .
GEMINI:BTCUSDLong
by DrDovetail
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