[EURGBP] Mid-term trading strategies#Forex #EURGBP #Daily #Midterm
- Here’s EURGBP 1D chart. A lot of FX pairs have shown some high difficulty with frequent moves that are quite unpredictable.
- As can be observed from the chart, there are a lot of noises, stop huntings, bull/bear traps, whipsaws, and long candle tails.
- Consequently, such strategies with wider risk/reward ranges on higher timeframes are necessary in this type of market.
- EURGBP showed a bear trap after breaking bottom of the green channel, re-entering into the channel again.
- At the same time, it broke the black channel above and is currently testing resistance of the blue trendline and thus I will be bullish for a while right after it successfully breaks the blue trendline.
- The resistances I am considering are 0.885~0.888 and 0.900~0.903 and trading setups can be designed as shown in the chart.
- In shorter term, I am considering 0.848~0.851 significantly as a short-term bottom which is bottom of the green channel. If this area fails supporting, I would be bearish for a while.
- A decent area to enter long is around the retest area of the black channel currently located at 0.836~0.839 and such trading setups can be implemented.
HVP
High Level Information From FREE IndicatorsNext level tools helping show what way price action is going to move and it's all based on math.
These are two trades I took over the last few days and it really paid to have these free indicators.
I feel like a massive outlier to even have found these!!
I had never really shorted before getting access to these and I have so much more confidence in the trade too. Another thing it has helped with is exits. Rather than just some arbitrary profit level that I went with before, I am now using indicators to find the exit points. It has really helped me stay in a trade a few times making me more than I would have with my previous random profit level.
ETHUSD - Volatility Trade [HVP+Hurst] Historical Volatility Percentile = HVP
HVP had been contracting linearly from extreme highs since the start of 2021. Currently the HVP is flashing red, indicating an extreme low and is at a value of 0, which is not surprising since 0 is one of the most occuring values in HVP along with the value of 100.
With confidence from the other stuff i use in confluence, adding more to my position back a few days at around 15th February when ETHUSD was around 1700 feels kinda noice.
Here are some screenshots related to the idea;
VIX DAILY USING BALIPOUR'S HVP AND CORRELATION COEFFICIENTAs you can see in the chart, the historical volatility percentile of the vix is crushed and when it expands with positive correlation (which is the bottom indicator), vix tends to go up. Who says volatility cant be used to trade direction. It absolutely can, thanks to balipour. no RSI no Stochastics needed here. TVC:VIX
BNB Volatility Study [HVP + Hurst + Momentum]The Historical Volatility Percentile is currently contracting, at levels close to 0. Whether we will see it go to 0 and see the indicator flash is not certain, but likely since values of 0 and 100 are the most occurring. Once the value of the Hurst exponent is starting to trend > 0.5, we will see that HVP contraction is complete and expansion has begun.
From whenever expansion occurs, we can see whether if there is a positive or negative correlation of HVP with the price of underlying and then take position/determine direction, this is one way to do it, I will also be using the Momentum indicator from in confluence.
BNB Volatility Study [HVP + Hurst + Momentum]Historical Volatility Percentile is currently contracting, at levels close to 0. Whether we will see it go to 0 and see the indicator flash is not certain, but likely since values of 0 and 100 are the most occurring. Once the value of the Hurst exponent is starting to trend > 0.5, we will see that HVP contraction is complete and expansion has begun.
From whenever expansion occurs, we can see whether if there is a positive or negative correlation of HVP with the price of underlying and then take position/determine direction, this is one way to do it, I will also be using the Momentum indicator from in confluence.
Bitcoin MidTerm and LongTerm AnalysisFinally, bitcoin broke its range and showed some life about it.
According to HVP and momentum, probably bitcoin creates a range between $ 10500 and $ 11500 . A Bullish Range for preparing for higher tests.
If a 4H candle closes below $ 10500 , it could test $ 10200 . and if that breaks, it could test $ 9900 ~$ 10000 . this 10k is a pivot level. So as long as bitcoin is above $ 9900 ~$ 10000 , it is bullish and this breakage is not a trap.