AUD/USD 4H – Bearish Supply Zone Rejection & Mid-Term Short BiasAUD/USD 4H – Bearish Supply Zone Rejection & Mid-Term Short Bias
The Aussie has climbed into a major supply zone near the 0.67380 – 0.67540 area, which overlaps with a historical resistance range from late 2024. Price is currently testing the upper edge of this zone, showing signs of exhaustion.
🔍 Key Observations:
Supply Zone Reaction: The confluence of past resistance (clearly marked as 'R') and current bearish candle formations suggests a potential reversal setup.
Liquidity Grab & Rejection: The current push may be a liquidity sweep above recent highs, potentially trapping breakout buyers before a reversal.
Downside Targets:
First support area around 0.65311 – 0.65000, previously respected demand zone.
If momentum continues, extended targets lie at 0.62729, 0.60874, and 0.59206 – all aligned with previous price reactions and liquidity pockets.
📊 Trading Plan:
Bias: Short (mid-term swing)
Entry Zone: 0.67350 – 0.67540 (sell limit / wait for confirmation)
Stop Loss: Above 0.67650 (above last swing high)
Targets:
TP1: 0.65300
TP2: 0.62730
TP3: 0.60870
🧠 Risk Note:
Price has entered a high-probability reversal zone, but confirmation via bearish engulfing or lower-timeframe structure break is ideal before entering aggressively.
Beyond Technical Analysis
GOLD TOP DOWN ANALYSIS FOR MON. 30TH JUNE - FRI 4TH JULY, 2025Gold looks bearish heading into the new week. We had the formation of a weekly engulfing candle last week. I expect a pullback buy at market open from the current level to a take-profit level of 3316.
After that, I expect a sell-off from the 3318 level down to the 3000 level for the rest of the week.
I will be posting daily updates here, cheers!
Bitcoin short position After my win streak from previous trades on btcusd I happy to give me to the people who followed me
Here's another great trade for you
Short Bitcoin with a limit order at 108,500
Take profit at 101k , stop loss at 109,500
A 7.5 to 1 risk reward ratio 🔥😉
You can never find anybody trade Bitcoin like me
"The Vault is Open!" - Time to Steal Silver Pips🔥 XAG/USD SILVER HEIST: Bearish Raid in Progress! (Short Setup) 🔥
🦹♂️ ATTENTION SILVER BANDITS!
To the Metals Mercenaries & Risk-Takers! 💰🔪
Using our 🔥Thief Trading Tactics🔥, we're executing a bearish raid on XAG/USD - this is not advice, just a strategic robbery plan for traders who play to win.
📉 THE SILVER VAULT BREAK-IN (SHORT ENTRY PLAN)
🎯 Loot Zone: 34.500 (or escape earlier if bulls fight back)
💣 High-Stakes Play: Perfect pullback to steal pips
👮♂️ Cop Trap: Where bulls get liquidated
🔪 ENTRY RULES:
"Vault Breach Confirmed!" - Strike at pullback to nearest swing high/low (15-30min TF)
Sell Limit Orders for optimal risk/reward
Aggressive? Enter at market but watch gold correlation
📌 SET ALERTS! Don't miss the rejection
🚨 STOP LOSS (Escape Plan):
Thief SL at 36.400 (Key swing level)
⚠️ Warning: "Ignore this SL? Enjoy donating to bulls."
🎯 TARGETS:
Main Take-Profit: 34.500
Scalpers: Ride the NY session momentum
🔍 WHY THIS HEIST WORKS
✅ Industrial demand slowing
✅ Dollar strength crushing metals
✅ ETF outflows accelerating
✅ Technical rejection at key level
🚨 RISK WARNING
Avoid FOMC/NFP periods (Silver loves volatility)
Trailing stops = your escape plan
💎 BOOST THIS HEIST!
👍 Smash Like to fund our next raid!
🔁 Share to build our thief army!
🤑 See you at 34.500, bandits!
⚖️ DISCLAIMER: Hypothetical scenario. Trade at your own risk.
#XAGUSD #SilverTrading #Commodities #ThiefTrading
💬 COMMENT: "Short already - or waiting for better entry?"* 👇🔥
Ethereum Breakdown Ahead? Classic Head & Shoulders Pattern Hello Guys!
Ethereum looks like it’s setting up for a potential drop after forming a textbook Head & Shoulders pattern on the 4H chart.
This pattern (marked clearly with a left shoulder, head, and right shoulder) is often seen before a price reversal. Right now, ETH has already broken below the neckline (around $2,480), confirming the bearish pattern, and is currently retesting that level from below.
📉 What’s Next?
If the pattern plays out, we could see ETH drop toward the projected target zone around $2,200–$2,250, which is highlighted in blue on the chart. This zone also lines up with a previous area of interest and sits near a broken trendline, adding confluence to the setup.
✅ What I see:
Resistance: ~$2,500 (neckline retest)
Target: ~$2,200 support zone
Broken trendline adds downside pressure
Unless bulls reclaim the neckline quickly and push above the right shoulder (~$2,650), this looks like a bearish continuation setup.
BCH/USDT Robbery Blueprint | Bullish Breakout Swing Trade Setup🚨 BCH/USDT Robbery Blueprint: The "Breakout Bandits" Bullish Heist Plan! 🚨
(Thief Trading Style – Swing Trade Setup)
🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Market Robbers, 🤑💰💸✈️
We're about to pull off a high-stakes breakout heist on the BCH/USDT “BitcoinCash vs Tether” crypto market using the legendary 🔥Thief Trading Style🔥 — powered by technical + fundamental recon.
🎯 Mission Objective: Long Entry
"The vault is cracking open... our move starts above the 455.00 MA breakout level. Set your traps smart!"
✅ Buy Stop: Above MA @ 455.00 – The breakout point to initiate the heist.
✅ Buy Limit: Look for pullbacks on 15m or 30m swings for a sneaky entry at key levels.
📌 Set an alarm – don’t blink or you’ll miss the breach!
🛑 Escape Plan – Stop Loss
🔊 Yo crew, hear this:
If you're rolling with a buy stop, don’t drop your stop loss too early – wait till we’re inside!
📍 Ideal SL @ 425.00 on 4H swing lows — keep it smart, based on risk + lot sizing.
You’re the captain of this getaway — protect the loot!
🏴☠️ Target Zone
💰Profit Point: 500.00
(or escape earlier if heat increases 🔥)
Get out before the cops (bearish robbers) regroup!
📊 Heist Intelligence:
Market’s flashing bullish vibes, driven by:
🧠 Fundamentals | 📈 Macros | 🧾 COT Report | 🔗 On-chain Data | 🌀 Sentiment | 🔄 Intermarket Forces
👉 Check our bi0 link for the full briefcase of intel 🔍🧠
⚠️ Trading Alert – News & Volatility Risk
📢 Avoid entries during high-impact news
🔒 Use trailing SLs to protect profits + survive crossfire
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Support our robbery squad – grow stronger, smarter, richer!
Trade like a thief. Rob the markets daily. 🎯💪🏆🚀💸
I'll be back soon with another crypto vault raid – stay tuned, legends! 🐱👤🤑🤩
BTCUSD – Major Decision Point at The Edge📍 By: MJTrading |||
Bitcoin has rallied sharply from ~$98K and is now testing a critical confluence zone — the top of the descending channel and a strong supply area, known as "The Edge."
EMAs are turning up, supporting bullish momentum
⏳ What’s Next?
At this stage, two scenarios emerge:
⚠️ This is a make-or-break zone:
🟩 Breakout above the channel signals trend reversal → next resistance: $111K
🟨 Rejection leads to a move back to the $103K or $100K levels
This setup offers a high-RR opportunity for both breakout traders and mean reversion players.
🧠 Trade the reaction at the edge, not the prediction.
Thanks for your attention...
Share your thoughts...
—
#BTCUSD #Bitcoin #CryptoTrading #TheEdge #BreakoutOrBounce #CryptoSetup #DescendingChannel #SmartMoney #TechnicalAnalysis #PriceAction #SwingTrade #EMA #RiskReward #MJTrading #4hChart #TrendDecision #SupplyZone
XAUUSD - Breakdown: - RISK OFF - Gold BearsGOLD has reached my previous analysis target ✅
Now seeing a pullback wave before potential continuation to the downside, keep in mind it is End of Month.
🎯 Pullback Zones:
1️⃣ 3340
2️⃣ Extended: 3350–3356
📉 If no new bullish fundamentals:
Next targets: 3293–3280
#XAUUSD #Gold #TechnicalAnalysis #Forex #Commodities #TradingLevels #MarketOutlook
QUBT long at 16.77 -- just having a little funQUBT is a full on meme stock. With that in mind, I will lead with a word of caution for those who might attempt to follow in my footsteps on this trade. These are HIGHLY speculative stocks on which a person could lose a WHOLE lot of their capital if things go sideways. Drawdowns on these trades can routinely exceed 20% and do that in a matter of days. If you are tempted to trade this, please do your own research and make smart financial decisions.
With that out of the way, my rationale for this trade is simple, the potential for outsized gains. With the filter I've recently placed on my trading signals, risk is reduced, but still significant. But a median result in excess of 5% for 5 days of my money's work is a compelling motivator to go long here. Given that these trades almost always turn out profitably and there is an open trade 12% above the current price, I could theoretically hold on until and possibly beyond then. I may bail out more quickly, depending on the circumstances. I'm not a diamond-hander and definitely not necessarily needing a home run here. The wins add up.
If you look on the chart, the white arrows represent signaled trades. If I had just taken the first signal, waited until it closed, then took the next signal and held until it closed, etc. until today, the cumulative gain on what would have been 7 trades in 6 months would have been around 55%. I don't need home run trades here to make significant money.
Full disclosure, in the time it took me to write this, the stock has gone from 16.71 to 16.99, so if you want to deduct that from my reported returns, knock yourself out. I can't help that, which is why I usually post these ideas after the market closes. But this one was too juicy to sit on.
As always - this is intended as "edutainment" and my perspective on what I am doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Melania Trump Token Near Its Breaking Point – Bounce or BreakdowA Crossroad for MELANIAUSDT: Is the Reversal Real or a Mirage?
In a dramatic twist of fate, Melania Trump's meme token (MELANIAUSDT) has rebounded over 11% from its all-time low of $0.1811, set just two days ago. The current price sits at $0.2016, still nearly 99% below its euphoric peak of $14.50 from January. With Relative Strength Indexes (RSI14 at 51.1 and RSI60 at 48.7) signaling a neutral zone and the MFI showing modest inflows (56.0), the market is hesitating—undecided between exhaustion and opportunity.
Yet beneath the surface, tension is building. Despite massive recent sell-offs, a flurry of powerful VSA Buy patterns has appeared, hinting at potential accumulation. Price is coiling tightly around the 50-day and 100-day moving averages (0.2012 and 0.2014 respectively), setting the stage for a volatility burst. Traders are now watching the 0.2173 resistance zone like hawks—can MELANIA break through and retest higher liquidity levels?
Macroeconomic uncertainty and post-election crypto buzz add fuel to the fire. Could Trump's public stance or policy whispers inject speculative lifeblood into this once-hyped token?
Whether you're a long-term investor scouting for a reversal or a scalper eyeing short-term momentum, MELANIA is standing at a technical inflection point. The question now: Will the next move be a relief rally... or the final capitulation?
Roadmap: MELANIAUSDT Price Manipulation Unveiled
Let’s walk through the recent story MELANIAUSDT has been telling — candle by candle, pattern by pattern. Only the real plays, where the market truly respected the setup, made the cut here.
June 27, 07:00 UTC – VSA Buy Pattern Extra 1st appears:
The setup screamed "bounce incoming!" after a deep dive. With price at $0.1893 and a low around $0.1888 — almost kissing the absolute bottom — we got a clean reaction. The price lifted in the following sessions, proving this wasn’t just noise. The market respected the buy zone and traders who listened to this whisper from the VSA playbook were rewarded.
June 28, 10:00 UTC – Buy Volumes Max kicks in:
The bulls roared louder. Volume surged, price jumped from $0.2034 to $0.2168, challenging the $0.2243 high — that’s a textbook confirmation of the previous bullish intent. Anyone still doubting the reversal? This was the second tap on the shoulder.
June 28, 15:00 UTC – Sell Volumes arrive… but do they dominate?
Here’s the twist. A heavy sell volume pattern forms with price closing at $0.2048, but critically, it doesn’t knock out the previous bullish levels. Instead of a meltdown, we see consolidation — a classic bull trap fake-out or just a breather? Either way, this didn’t cancel the bullish setup from earlier. It paused it.
What’s key here? Every legitimate VSA buy pattern had one thing in common — follow-through. The market moved in the intended direction with clean volume footprints. That’s the game. These weren’t just chart doodles — they were trading signals with teeth.
Next time you see VSA Extra or Buy Volumes fire up again near key support? You might want to listen. This roadmap proves it.
Technical & Price Action Analysis
Here’s the level map every serious trader should have on their radar for MELANIAUSDT. These aren’t just numbers — they’re where the action happens.
Support Zones to Watch for Dips and Reloads:
0.1827 – Local support, tested recently. If it fails, expect it to flip into resistance real quick.
0.5394 – Major support. If the market ever comes back here, that’s deep value territory.
0.5852 – Stronghold level. Expect buyers to show up in size.
Resistance Zones – Take-Profit Traps or Breakout Launchpads:
0.2173 – Immediate upside test. Bulls need to break and lock above to confirm momentum.
0.2266 – Watch this for fakeouts. Price may tap it and snap back.
0.2464 – Mid-range resistance. A flip here changes the whole structure.
0.2744 – Strong sell wall ahead. Needs volume to smash through.
0.2875 – Key breakout marker. Clearing this opens room for serious upside.
Heads-up: Any level that fails to hold as support will act like a ceiling on the way back up. That’s trading 101 — broken floors become rooftops. So stay sharp and don’t get trapped on the wrong side of the move.
Strategy: Trading the Rays – Navigating Dynamic Price Zones
Let’s break down how to actually trade MELANIAUSDT using the "Rays from the Beginning of Movement" method — a strategic framework based on Fibonacci geometry that doesn’t just predict, but reacts to what the market is telling us in real-time.
The game plan here is simple but powerful: price always reacts to the rays. These reactions give you two choices — get in on a reversal or ride the continuation to the next ray. Levels aren't static; they evolve with the market. We don’t chase fixed targets. We track flow.
These rays intersect with key Moving Averages (MA50 at 0.2012, MA100 at 0.2014, MA200 at 0.207, MA233 at 0.2115) and VSA zones already drawn on your chart. What you see isn’t random — it’s structure.
Optimistic Scenario – Momentum Ignites from the Ray Zone:
Long from 0.2015 (price + MA50 cluster)
- First target: 0.2173 – Key resistance and breakout trigger
- Second target: 0.2266 – Medium-term seller interest
- Third target: 0.2464 – High conviction profit zone
Aggressive Entry from 0.207 (MA200 bounce)
- Expect fast action toward 0.2173 and above. Volume needs to confirm.
Ray Break + Close Above 0.2173
- Bullish confirmation to aim for 0.2464 and possibly stretch into 0.2744 – but only if MA233 flips support
Pessimistic Scenario – Failure to Hold Dynamic Support:
Short below 0.2012 (MA50 fails + ray rejection)
- First target: 0.1827 – Local floor and recent bounce point
- Second target: 0.1811 – Absolute low. If this breaks, it’s open air
If price taps 0.2173 and sharply reverses
- Enter short post-rejection
- Target: 0.2015 support zone for scalp, lower if momentum confirms
Core Rules:
You don't enter until the ray says go. You don’t guess — you react. After the price touches a ray and gives a reaction — a VSA pattern, volume spike, or candle confirmation — that’s your green light. Trades move ray to ray. That’s your roadmap. Let others chase noise. You follow structure.
Let’s Keep the Conversation Going
If you’ve got questions, ideas, or just want to talk shop — drop them right in the comments. I read everything and I’m always happy to chat with fellow traders.
If this analysis helped you see the market a bit clearer, hit that Boost and save it to your ideas. Come back in a few days and watch how price respects the levels and rays — that’s how we learn and grow in this game.
By the way, all the rays and levels you see here are drawn automatically by my private indicator-strategy. It’s not public, but if you’re interested in using it, just send me a direct message — we’ll figure something out.
Need a custom analysis for your favorite coin or asset? I can do that too. Some ideas I share openly, others we can keep private if you prefer — just let me know your style.
These rays work on any asset. If there’s a chart you want me to break down, hit Boost and write it in the comments — I’ll do my best to include it in the next posts.
And don’t forget to follow me here on TradingView. This is where I share all my setups and insights first. Let’s trade smart together.
BTC Is Replaying a Bullish Fractal >>> Are You Watching?Hello guys!
I see a deja vu here! Let’s look at the historical daily chart (Jan–May 2025):
What happened?
Initial Drop (Yellow Oval): Bitcoin approached a key S&D zone but didn't touch it, triggering a short-lived bounce before dropping again.
Second Drop (Red Ovals): This time, price precisely touched the demand zone, triggering a clean bullish reversal.
What followed was a strong trend breakout, sustained higher lows, and an eventual surge past prior resistance levels.
Current 4H Chart Setup: A Mirror Image?
Yellow Highlight: Once again, we saw a bounce that didn't quite touch the key demand zone ($98K–$100K).
Red Zone Prediction: If this mirrors the historical move, the price is likely to return and touch this S&D area before launching a bullish leg.
Blue Path Projection: A sharp reversal is expected post-touch, aiming toward $111K–$113K as the next key resistance zone.
The descending trendline adds confluence
___________________
History Doesn’t Repeat, But It Often Rhymes
Based on this fractal analysis, Bitcoin is likely forming the same bullish base seen earlier in 2025. The setup hinges on one key event: a return to the $99K–$100K zone, where demand is likely to step in aggressively.
If the pattern repeats, the current market may offer one last high-reward long opportunity before a parabolic rally.
XAUUSD - Breakdown: Israel-Iran Conflict - RISK OFF Part III missed to Publish my Idea here, I frequently share charts on my X handle for those who would like to follow, @JOHNDOUGHFX
OK let get into it.. I will publish my entire Idea as I did from the start of the sells, it has been quiet accurate but with terrible choppy PA.
FOMC likely a no move event. Rates to stay high due to tariff risks, Gold has been sentiment driven from last week-so Risk ON/OFF dominates.
Israel-Iran talks ongoing → expect noise + fake escalations before a “Deal"
Gold Order Flow zones at 3409 / 3450
Israel–Iran conflict = main wildcard.
Expect sudden headline moves: escalation threats → quick spikes.
But watch for fake outs followed by a “deal” headlines.
That’s your Risk ON trigger.
Buy the rumor, sell the news.
Key levels for OANDA:XAUUSD :
⚠️ Liquidity trap zone: 3409–3415
⚠️ Double top watch: 3448–3450 (psy level)
Below 3400, we could fade toward:
🔻 3350
🔻 3330
🔻 3322
Plan both sides, don’t chase breakouts.
For today's Analysis, Yesterday we have closed a bullish Doji Candle, signaling buyers, even though we broke below today, there was no selling pressure breaking the previous Daily low, and it has reacted close to As we have tapped the 39 Area, and pulled back, 43-45 if defended, will see price push higher into the high 65-70-75 extended Price Points before we can look for sells again.
As Iran - US tensions are now extended for 2 weeks, I believe the typical news escalations will keep price action on the edge, at present the market is sentiment driven with Risk OFF, so plan your trades accordingly. Risk ON can come with any optimistic news, especially a "DEAL"
Cheers and have a good last trading day!!
XAUUSD - Breakdown: Israel-Iran Conflict - RISK OFF Part III 🚨 Trump announces a ceasefire
This likely kills any chance for TVC:GOLD to retest higher sell zones.
No more upside, just continuation plays for the bears, watch for momentum to pick up on the downside. More market optimism means RISK ON - Gold Bearish , DXY Bounce, Stocks Rally.
Watching the markets today, It was like it wants optimism but the drama with escalations and uncertainty kept it where it was all day, I usually avoid Mondays, but now that this has been announced, we will see Market Optimistic and sentiment drive Gold Lower if there are no further escalations than what has already happened, which simply means the US or Iran would have to do more severe damage beyond what has already happened.
We will be back to Fundamentals driving Gold if there is no other major event!
#XAUUSD #Gold #Ceasefire #RiskOn #TradingView #MarketUpdate #Commodities
This may look like a repost of yesterday's idea - it's not.As tempting as it was today to choose TSLA and profit from the middle school girl drama that is Elon and DJT today, I’ll wait until the dust settles on that one to profit from it. Yes, the chart here for CME looks almost identical to the one for TW in the idea I posted yesterday. Hopefully, the outcome will be the same.
CME's performance with my algo has been stellar historically, and with a chart like this, it shouldn't be surprising. Its returns have been eerily similar as well. Overall, it has a 682-1 record with my algo (per usual, the 1 is from a signal yesterday). Average gain is 1.33% and the average holding period here is 17 days. Not quite 2x the average daily return in the market. Not huge, but very reliable.
So, long at 274.90 is the call here. Maybe FPC close, maybe not. The results above are based on FPC, however.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Everybody loves Gold Part 6Great week in Part 5.
Starting this week with a strong bias towards the upside.
Here's a breakdown of trading dynamics:
1. Expecting price to break past green line, level of significance (LOS) for continuation up
2. Price might bounce back for which; will be looking for a continuation from -50/-100 or -150pips to the upside
3. Will be looking for double tops/bottom along the way
As always price action determines trades
EUR/USD 4H – Approaching Major Supply Zone | Potential Mid-Term EUR/USD 4H – Approaching Major Supply Zone | Potential Mid-Term Reversal
Euro has extended its bullish rally into a historically strong supply/resistance zone around 1.17185 – 1.19774, which aligns with the previous rejection zone from mid-2024. Price is showing signs of slowing down near this upper boundary.
🔍 Key Technical Highlights:
Strong Supply Zone (1.1718 – 1.1977): A major resistance area that previously triggered sharp sell-offs. This zone is now retested after months of bullish recovery.
Momentum Divergence Potential: Price has climbed aggressively, but with signs of exhaustion visible on the lower timeframe candles.
Demand Zones Below:
First support at 1.15998
Followed by deeper demand areas at 1.14990, 1.12850, and 1.11046 – all marking clean reaction zones.
📊 Trade Setup:
Bias: Short (swing position)
Sell Entry Zone: 1.17185 – 1.19774
Stop Loss: Above 1.19800 (above key supply zone)
Take Profit Targets:
TP1: 1.15998
TP2: 1.12850
TP3: 1.11000
🧠 Tactical Note:
Watch for bearish confirmation (engulfing candle / structure break) before executing entries. A clean rejection from the supply zone could provide an attractive swing setup with a favorable risk-reward profile.
CRM: Wave Structure Analysis. WaverVanir International LLC · CRM Weekly Outlook · Published June 28 2025
Ticker: CRM | Chart: Weekly
🔹 Catalyst
• Q2 FY26 earnings on August 27 2025 after market close (TipRanks, 2025)
• Dreamforce conference mid September 2025
🔹 Macro Environment
• Fed likely to hold rates at July 30 meeting (Binance News, 2025)
• Enterprise IT budgets remain resilient amid cost pressure
🔹 Technical Setup
• Weekly ORB demand zone at 239 supports price
• Wave 1 high at 296 and corrective wave 2 near 260–270 signals wave 3 start
• Resistance clusters at 336 (1.618 Fibonacci), 362 (2.0 Fibonacci), and extended target near 403
🔹 Trade Plan & Risk
1. Entry: Long near 274–276 on pullback
2. Stop: Below 265 to limit drawdown
3. Targets:
1. Scale out at 336
2. Add or trim at 362
3. Full exit near 403
4. Position size: Risk ≤ 1.5 percent of portfolio
5. Trail: Move stop to breakeven once 336 is taken, then trail beneath higher lows
🔹 Options Play
• Strategy: Sep 2025 bull call spread
– Buy 280 call
– Sell 320 call
• Defined risk equals net debit, breakeven ~ 283, max gain if CRM ≥ 320
#CRM #Salesforce #Stocks #TradingPlan #Options
References
Binance News. (2025, June 27). Federal Reserve’s July rate decision likely to remain unchanged. Retrieved June 28 2025 from www.binancenews.com
TipRanks. (2025). Salesforce CRM earnings dates, call summary & reports. Retrieved June 28 2025 from www.tipranks.com
Eth/UsdA possible bullish move according to Daily time frame .
A possible drop according to 1h,15m time frame . So since well DXY might go up to a certain area to make price changes , for me that means all USD Pairs might drop for a period of time to mitigate areas that will push it back up.
I will see how it goes.
Happy Trading
StochRSI indicator and support and resistance levels
Hello, traders.
If you "follow" me, you can always get the latest information quickly.
Have a nice day today.
-------------------------------------
The StochRSI indicator on the left chart is slightly different from the StochRSI indicator on the right.
The StochRSI indicator on the left chart is the StochRSI indicator provided by default in TradingView, and the StochRSI indicator on the right chart is an indicator with a modified formula.
The StochRSI indicator is a leading indicator that is reflected almost in real time.
Therefore, it reacts sensitively to price changes.
Although it is advantageous because it reacts sensitively, it also increases the possibility of being caught in a fake, so I thought that a slight delay(?) was necessary, and so I created the StochRSI indicator on the left chart.
If you look at the relationship between the K and D of the StochRSI indicators on the two charts, you can see that there is a big difference.
In the end, you can predict the movement by checking whether the movement of the K line has escaped the overbought or oversold section.
However, I think that you will receive information that can determine the sustainability of the trend depending on the positional relationship between K and D.
Therefore, it is important to distinguish the inflection points that occur in the StochRSI indicator.
This is because these inflection points provide important information for drawing trend lines.
Therefore, the StochRSI indicator on the left chart, which better expresses the inflection point, is being used to draw the trend line.
(Unfortunately, this indicator was not registered on TradingView because I did not explain it well.)
-
As a new candle was created, the StochRSI indicator on the left chart is showing an inflection point on the K line.
The StochRSI indicator on the right chart is showing a transition to a state where K < D.
We will have to check whether the inflection point was created only when today's candle closes, but I think that the fact that it is showing this pattern means that there is a high possibility of a change in the future trend.
Since the next volatility period is expected to start around July 2nd (July 1st-3rd), I think it has started to show meaningful movements.
-
It is true that you want to buy at the lowest price possible and sell at the highest price.
However, because of this greed, one mistake can lead to a loss that can overturn nine victories, so you should always be careful.
Therefore, if possible, it is better to check for support and respond.
In that sense, I think it is worth referring to the relationship between K and D of the StochRSI indicator on the left chart.
This is because the actual downtrend is likely to start when K < D.
-
In order to check for support, you definitely need support and resistance points drawn on the 1M, 1W, and 1D charts.
Ignoring this and checking for support at the drawn support and resistance points can result in not being able to apply the chart you drew to actual trading.
Therefore, you should draw support and resistance points first before starting a trade.
Otherwise, if you draw support and resistance points after starting a trade, you are more likely to set support and resistance points that reflect your subjective thoughts, so as I mentioned earlier, you are more likely to lose faith in the chart you drew.
If this phenomenon continues, it will eventually lead to leaving the investment market.
-
It is important to determine whether there is support by checking the correlation between the StochRSI indicator and other indicators at the support and resistance points drawn on the 1M, 1W, and 1D charts.
Even if the inflection point of the StochRSI indicator or other indicators occurs at a point other than the support and resistance points you drew, you should consider it as something that occurred beyond your ability to handle.
In other words, you should observe the price movement but not actually trade.
As I mentioned earlier, if you start to violate this, you will become less and less able to trust the chart you drew.
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Accordingly, the basic trading strategy I suggest is to buy near the HA-Low indicator and sell near the HA-High indicator.
However, since the HA-Low and HA-High indicators are expressed as average values, they may move in the opposite direction to the basic trading strategy.
In other words, if the HA-Low indicator is resisted and falls, there is a possibility of a stepwise downward trend, and if the HA-High indicator is supported and rises, there is a possibility of a stepwise upward trend.
Therefore, the basic trading strategy mentioned above can be considered a trading strategy in the box section.
In the case of deviating from this box section, it is highly likely to occur before and after the volatility period indicated by the relationship between the trend line using the StochRSI indicator mentioned above and the support and resistance points drawn on the 1M, 1W, and 1D charts.
Therefore, special care is required when conducting new transactions during the volatility period.
This is because there is a high possibility of being caught in a fake when trading during the volatility period.
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The DOM(60) and DOM(-60) indicators are good indicators to look at together with the HA-Low and HA-High indicators.
The DOM indicator is an indicator that comprehensively evaluates the DMI, OBV, and MOMENTUM indicators.
Therefore, the DOM(60) indicator is likely to be at the end of the high point range, and the DOM(060) indicator is likely to be at the end of the low point range.
In the explanation of the HA-Low and HA-High indicators,
- I said that if the HA-Low indicator receives resistance and falls, there is a possibility that a stepwise downtrend will begin,
- and if the HA-High indicator receives support and rises, there is a possibility that a stepwise uptrend will begin.
In order for an actual stepwise downtrend to begin, the price must fall below DOM(-60), and in order for a stepwise uptrend to begin, it must rise above DOM(60).
In other words, the DOM(-60) ~ HA-Low section and the HA-High ~ DOM(60) section can be seen as support and resistance sections.
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If these correlations start to appear, I think you will be able to create a trading strategy that fits your investment style without being swayed by price volatility and proceed with trading.
The reason for analyzing charts is to trade.
Therefore, the shorter the time for chart analysis, the better, and you should increase the start of creating a trading strategy.
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Thank you for reading to the end.
I hope you have a successful trade.
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