How to read candles on higher time frame ?Gold daily chart will show you a small example of how to determined the next move of the market on a higher time frame.
Educational purpose, don't take it as signal.
Dailychart
ADA/USD Looking Like A Nice Trade.. Check It Out!Welcome everyone,
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Let's Talk ADA/USD
The daily RSI right now has reset extremely nice creating a hidden bullish divergence in a supposed 4th wave that offers a nice buy. If we don't see a break upward and follow through and start to see signs of failure instead then it's a key note to dip out, however this is what I like to see to place my bets. I think ADA has another leg up to do.
It's important to prepare for either scenario though, what to look for if it starts to fail and what the south targets are.
Notice the 2 white counts that basically offer pullbacks and further continuation upward. It's the purple count that will obliterate everyone if not prepared. So I want to make sure the bulls defend all previous daily lows and keep the higher lows in tact even on this pullback if it decides to retrace further.
Wave 4 can't go into wave 1 so that's our invalidation mark for the white impulse wave and I'd be looking to the purple count as a likely scenario if we break the .08 cent low. Signals printing a buy now in my opinion with a stop loss down at .113. As always, not financial advice, but this is how I'm looking at ADA/USD through an Elliott Wave lense.
Clearify your doubts; Bitcoin still bullish for limited time!!!Ok, looking my technical analysis, the Daily candlestick was closed up with indication bullish. So guys, please you can to get benefit of this trend because maybe we can to see that Bitcoin make any prove to the $19,000 USD level as prove to break up. But still await that in medium term it's bearish. Look. If we see the H4 timeframe. We can to see that Bitcoin it's show any resistance for bulls part that indicate that many bulls want to make resistance of the chart. And I believe that the price it's find up the bearish line that I mark here.
Now, this it's my scenario in Daily, the previosuly candlestick was closed up very positive for bulls. So, yesterday when the candlestck was finished their closed up yesterday, I send you a message to put a buy order limit at $18,000 to $18,100 USD beause we could see any bull movement for limited time. Also, noticed that I know that we are in bearish scenario using the price action of Daily. But, we see that once again Bitcoin want to up for limited time. I could see that when Bitcoin goes to the $19,000 USD again to prove this break up. We can see any double top. And that it's why I expect that.
Now, we see in 3 Daily chart that Bitcoin still bullish and then, we can see a up movement but if you see, this timeframe it's become more bearish and I have a plan to sell Bitcoin in the $19,000 USD resistance.
So guys, in summary in Dail timeframe it's a so key becuas Bitcoin show any resistance weak for part of the bulls and bulls want to leading Bitcoin up toward the $19,000 USD. The $19,000 USD it's a logical key to take profit. My own profit will be $19,100 USD and my SL around of $17,550 USD. Now, I hopea double top in these zone of $19k to then, make a big short toward my targets $16,500 USD and $13,800 USD as possible earnings to targets.
What do you think about the correction of Bitcoin specific in Daily chart?
EURGBP Weekly/Daily analysis 🦐EURGBP on the weekly chart created a double bottom on the 0.5 fib retracement level of the previous impulse.
The price on the daily chart moved inside a descending channel that has been broken during this week with a nice bullish impulse.
The market then retraced at the 0.5 fib level over a daily structure.
IF the price will break above the daily structure at 0.90400 we can set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Bearish Divergence btcusd on dailyBearish divergence on bitcoin daily chart. Im gonna wait for break on trend and retest
ASII - 06 Dec 2020 - Cup&Handle Breakout Pullback (Daily Chart)ASII - 06 Dec 2020 - Cup&Handle Breakout Pullback (Daily Chart)
Target 1 Rp.6700
Target 2 Rp.7500
Complete trade plan on charts
1. Blue box = Preferred Buy Area (PBA)
2. Red box/line = Stoploss
3. Green box/line = Target
GBP/USD Short trade based off patterns from price actionPotentially a large swing trade setup coming next week.
Daily Chart -
Price has been in this ascending channel since march of this year and after the second touch of the pattern, we have the double top with another ascending channel leading up to the double top area.
4HR Chart -
Here is the price pattern in more detail. The first profit target is the start of the ascending pattern.
1HR Chart -
Im looking for simple flag continuation in order for an entry but enter the trade according to your plan.
DAX looking for new recent highs 🦐DAX index on the daily chart is reaching an important resistance structure.
The price after retracing exactly at the 0.382 fib level over the lower trendline of the ascending channel, started a new strong bullish impulse on the enthusiasm of the covid vaccine.
When the price will break and close above the resistance structure we can set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Pivotal area for EURJPY We've been in an uptrend for 7 sessions now so I'm watching as price fails at the daily range high.
The 30 day ADR is 79 Pip and we've already moved 66 so there may be limited potential for a trade today.
Is that a Daily H&S? It's not super clear but some traders may be considering this so a break and close above on the D chart could signify a larger run higher. This would correlate nicely with the ADR if we close outside by 10 pips.
Intra day I'm watching the 30min and 5min detail to see if we get a volume spike with little movement to signify a direction change, but I'd say be careful right now and the patience will pay off.
Check out my blog
RuckSack.medium.com
AUDNZD - Brief Buy Opportunity before Trend ContinuationWe've reached the bottom of a downward sloping channel and a previous resistance level from February, now support.
Using Fibs from the top of this trend, the pullbacks have been to the 0.5 level at least, which leads me to believe we'll do the same at this level, if not a little further to the top of the channel before an impulse down again.
xau-usd(Daiy)I expect price will move up to retest the the resistance level and then fall to the blue line. That is also confluence with 50% fibo level .
Please like and leave your comments here if you agree.
JPFA - 25 Nov 2020 - Cup & Handle Breakout (Daily Chart)JPFA - 25 Nov 2020 - Cup & Handle Breakout Continuation (Daily)
Target 1 Rp. 1550
$GGRM - 25 Nov 2020 - Double Bottom (Daily Chart)$GGRM Trade plan on chart
Buy: Rp.44900-45000
SL: Rp.43950
T1: 2-3R
T2: Rp.52700
#DoubleBottom
NZDUSD, at resistance zone.Price is currently at a Daily resistance zone. Drop to a lower time frame and wait to see if price forms a reversal pattern and continues to respect this zone before looking for a bearish entry.
However, if price breaks above this Daily resistance zone, look out for a retest on a lower time frame before entering a buy.
CTM in descending triangle and thoughts on a breakoutDescending triangle pattern looks like being established, although I'd like to see three verifications of the pattern rather than the two we have here.
I am considering the following three possibilities going forward...
Option 1: Breakdown within triangle to 0.465 before resuming upward trend.
Option 2: Breakdown out of triangle to 0.395 (top of 'GAP' and 200 day average) before resuming upward trend.
Option 3: Breakdown out of triangle to 0.345 (effectively filling the 'GAP') before resuming upward trend.
I have seen the GAP filling idea in operation before, but can't remember where. It will be interesting to see if that happens here.
AUDNZD Reversal tradePrice failed to break the major support level and formed a engulfing candle pattern.
price formed a lower low, price may continue drop
GBPNZD Target Price 1.82790 | Trend Line | Support LineGBPNZD Target Price 1.82790 | Trend Line | Support Resistance Line
CTM Target March 2021Using two historical trendlines (in yellow) and recent descending triangle pattern (in white) I am projecting a 0.795 target in early MArch 2021.
Although I think the yellow trendlines are a good indicator of general movement, I am not too sure about the triangle pattern. In my other published idea, I wonder whether the breakdown out of the triangle will occur. If it does, this idea may not eventuate as I am thinking.
DXY (USD) UPSIDE - FIBONACCI REVERSAL TO 0.382DXY has managed to pick up a reversal and looks to be heading back towards 0.382 / 200 SMA on the daily charts. This move could happen over the coming weeks.
