NAS100 Below Yesterday's closeWaiting to see if NAS100 falls below the daily close from yesterday. If so, there is a good chance it will continue to trend bearish for the next 30 minutes to an hour.
DAILYCLOSE
Compound loves to play games!!Lets play a game... how many daily candles will close below this daily level?
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GBPCHF bearish analysisHello guys
Everyone who is Elite member - wait for proving decision if price will close that way
GBPCHF currency pair is at overall bearish trending and bearish territory, which means price might hit higher levels or break H4 lower low level correctly.
If price will continue higher, we have to take advantage from buy side on daily chart. Daily chart giving us a possible swich at H4 lower low. If daily buyers will confirm it, then we have to follow analysis and swich H4 LL to daily LL. Keep that in mind. And this will be one of the facts why bearish targets might not be observed anymore.
If price will break recent H4 lower low level correctly, then price is again headed to 1.21442 support level. Recommend trading beetween H4 and H1 timeframe.
If price will stay stable bellow 1.21442 ''new resistance level'' we have to be aware of daily candle closing and structure too, before we are looking potencial target at 1.19941.
Time for a big Move? could btc pump or dumb soonTechnical analysis:
Welcome to this quick update everyone
#BTCUSD
Bitcoin is Consolidating in Descending Triangle from last 14 Days.
Volume has Continuously Decreasing, Time for a big Move?
So far Bulls Defending the 34.5k Horizontal Support, If daily Candle Closed Below 34.5k then Next Stop would be Below 30k 📉
If bitcoin Remains Above the Horizontal Support & Bulls Cleared the Descending Trendline Resistance (37.6k), Bitcoin Might RETEST the 46k 📈
BTC Trading at the Resistance level.
Good thing is we are above the 38.5k level.
I'll keep this very simple, we need to close above the 21D Daily MA and maintaining it to be bullish.
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GBPCHF Entry 1.18998 Exit 1.17521 Parallel ChannelGBPCHF Entry 1.18998 Exit 1.17521 // Parallel Channel
EURSGD Swing longA daily break and close above, then retest of structure would present a good opportunity to capitalise on the possibility of creating a higher high on the weekly time frame; targetting the 127.2% fib extension of the weekly retracement!
EURNZD - I Spy an H&SWith the possibility of completing the daily inverted H&S, a daily close above structure may be a confirmation and signal to start looking for entries
A key daily close for BTCI'm watching this closely, because a close beneath the trend could signal much further loss of price. There's is no substantial buy volume at levels heading towards low 8k and beyond that it gets worse. If it can close and recover above the trend it'll show a continuation of the existing 3 time confirmed trend line holding, a good place for a long scalp back towards the tip of the resistance point but that's cutting it fine.
10k is still proving extremely difficult to break and with now 3 large rejections from it I'll be looking to short this drop beneath the trend if it shows.
I'm no expert, and I will never claim to be, but I have been looking at an enormous amount of fundamentals over the last 6 months and the recent very bullish news has so far failed to result in any price action. Granted we're in unprecedented financial times and the markets across the board don't make a great deal of sense, but certain elements of the recent price movement coupled with who is believed to be entering the market and in what quantities, leads me to think price will fall to allow room for more accumulation.
Let me know what you think if you want.
Bitcoin - Bullish daily close Nice daily close, above $9550 support. I hope we will rather go north than south.
Considering ~ $9400 for longs and ~$9999 for shorts. Honestly, it looks like it could mega pump (or mega dump) at any moment.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
GBPCAD 1D MA-X STRATEGY
Tim's MA=X trade mgmt
Standard Trade Management Rules
1) If, after entry, the candle closes back on the opposite side of the 20EMA, close for a loss
2) Full Size Position if Vol >= 100% vol avg
1/2-Size Position if Vol >= 75% vol avg
3) Stop-Loss = 1.5 X ATR
1st Target = 1 X ATR
4) 1/2 off at 1st Target for profit - move Stop-Loss to break-even on remainder
NZDCAD LONG (continued)Price has retraced to key support level (DAILY) and broke bearish variation (H4). we can see price going up from here in this idea.
NZDCHF 1D RANGE TRADESRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
AMD 1D RANGE TRADESRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
EURGBP 4HPrice is in consolidation, a daily candle close above 0.89000 is needed for longs & a daily closure below 88.400 is needed for potential shorts.. Will be watching for price to choose a direction
NZDJPY DAILYPotential double top / continuation of its downtrend after price broke its original uptrend line.. I will be watching for a daily close below the 38.2% fib level for shorts next week down to price's previous low
AUDUSD DAILYPotential reversal time?? I would like to see a clean break of 0.76400 first before considering a trend reversal if price does break this level I believe Aussie will move up to new highs next year !
