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Highertimeframes

USDJPY: Longs To 109.000!Daily Time Frame: We can see price creating a double bottom formation at 107.000 key psychological support. Also notice on the second bounce how price created a morning star reversal formation. Scaling down to the 4hr time frame, we can see that this market has been ranging between 107.000-109.000 key psychological. If price comes down one more time to 107.000 support and show some signs of rejection, then we can look to buy this up to 109.000 resistance. However, if price violates this support and close below, we must reevaluate price action. Due to uncertainty of market fluidity, risk management is highly recommended.
Long
by ChartAddicts
Pine Script: Live and non-repainting HTF Moving AveragesHello Everyone, While using "Security" function for Higher Time Frames (htf) you must accept "Repainting" issue or better you must use previous day data such "security(syminfo.tickerid, 'D', close , lookahead=barmerge.lookahead_on)" that's best normally (or barmerge.lookahead_off). But the problem is (as you can see) it uses previous day data, and this causes latency. So how to draw LIVE and NON-REPAINTING HTF moving averages? Until the last candle of higher time frame all is fine and no repaint issue. when it came to last candle of HTF and if we use real data, (because of we can not know the future) while price is changing it starts drawing on each candle of current period without correcting old ones (this is repaint issue). it needs to calculate number of curent times frame candles for higher time frame and must change all points as in that period as you can see in the video (non-repainting one). we have "50 lines" limitation in current Pine version. we hope to have unlimited lines in next version. This work is completely experimetal. btw Thanks to all Pine Platform Developers, They are doing very good job! Enjoy!
GEMINI:BTCUSDEducation
by LonesomeTheBlue
12
Reviewing Gold on Weekly Time Frame using Simple AB=CD PatternHi, I made a look back since 10 years ago on gold on a weekly time frame. I found an amazing pattern yet simple pattern (AB=CD) and using fibo level to determine entry level. Trend 1 (Bullish) : October 2008 to August 2011 Trend 2 (Bearish): September 2011 to December 2015 Trend 3 (Bullish) : January 2016 to present With help of the fibonacci extension level, the zone between 1.217 and 1.618 is the optimal point where the market reverses its trend. (see chart above) What does it mean? Applying the same strategy, we can see that the current price range (i.e. 1525 to 1635) is within 1.217 and 1.618 fibo level. Based on this analysis, I believe the gold will reverse it trend before continuing the next bullish cycle. Look for opportunity to short the market and ride the downtrend. If this analysis helps you, please hit the "Like" and share to help others as well. Please leave your comments below or send me a message.
FX_IDC:XAUUSDShort
by YouDontSeeMe
Market Breakdown:GBP/AUD analysisBased on the higher time frames, the price has been declining rapidly to the downside, the trendline was broken and tested our key daily area of support 1.81500 which was created by the previous swing to the low before retesting the key institutional area of supply1.88000. I will be monitoring candlestick behaviour around this key region to see if we can get more signs of rejections to signal signs of a reversal to the upside confluence zone of 1.84000 which is supported by the MA acting as resistance, with addition to the resistance zone being a 50% retracement level. The sterling has been showing some strength these couple of days, on top of that Australian currency may decline in the next few days, due to RBA rate cuts suggesting signs of dovish sentiment. - A 4HR bullish engulfing candle break above the intraday counter-trendline could signal further momentum to the upside. However, what would invalidate my position is if price rallies further down to 1.8000(institutional demand zone) before we could consider taking longs.
Long
by danresdidualfx
Weekly market breakdown- DXY Good Afternoon traders!, I will be actively using this platform to journal and share my perspectives on trades to hopefully add value and inner confidence to your very own analyses. To begin with, il be giving my perspective on the DXY because of its validity in helping understanding how USD majors may be performing in relation to the performance of the DXY. So, initially, the higher time frames help to gauge what the trend is and the keys institutional levels that are in play. With the DXY, the dollar index has created progressive momentum towards the upside of 98.00. However, this proved to be a very pivotal and supply zone, this is because of the two previous months, the price was conveying signs of exhaustion around this barrier with two spinning tops which suggest signs of reversal. observing the smaller timeframes, I can see price created the 3rd drive, however, reversed to the downside tapping our trendline. It's likely, that price could make a correction towards the key 98.00 barriers before falling further down towards our outer trendline, with the -61.8% acting as the additional confluence with the key weekly support. The macro sentiment is fueling a lot of negative due to trade wars between China and USA, and on top of that, the negative yield curve which is the key indicator for the US coming recession is something that institutions are keeping in mind, which add further uncertainty.
TVC:DXYShort
by danresdidualfx
Oil setup analysis - Catching up December's bull trendHi guys (Ladies and Gentlemen). Here are my thoughts for oil prices : - Crude Oil is on a bull run since December 26th, 2018. Prices are experiencing a 3rd rotation (Pullback < 20%). The bullish momentum is still present and we might experience a long run continuation at key levels. There is a strong resistance at 57.000 - 57.500. In addition, yesterday March 06 there was a strong rejection (daily chart) at the key support area predicted (55.500 - 55.000). We are still bullish and we are eager to go long at another test. - Likely support levels would be 55.600, 55.500. - 3 attempts should be the maximum. - 10 pips of stop loss with a spread of 5 pips giving a total of 15 pips stop. - If the support area is not broken, prices might reach back 57.000 -57.500. Feel free to comment or give ideas. Succesful trading!
OANDA:WTICOUSDLong
by Theperfectionist