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Medianline

ES - E-Mini is naging at the U-MLHWhat do we see here on this chart? We see the white down-sloping Pitchfork, giving us the most probable path of price, of course on the pendulum swing level. The blue A/R set. It show's us nothing less then the center and the lower and higher extremes on a normal swing level. See where price get hammered back at the confluence of the red zone and the blue, dashed A/R line? Watch the last closes... If we break above the white U-MLH (Upper-Medianline Parallel), then chances are over 80% that we hit the yellow Centerline (CL) of the yellow Pitchfork. If we fall below the L-MLH (Lower-Medianline Parallel), then chances are over 80% that we will see prices at the white Centerline! We better prepare for both scenarios and put our portfolio in balance and potential trades in place... If you want to learn how to find high probability trades, then I have a free course for you on my website. See the footer of this post. P!
CME_MINI:ES1!
by Tr8dingN3rd
EURUSD: Long Term ForecastingThis week I did take two trade in the EURUSD, both of them being succesful (links below). I got several pm's from traders asking me to post my view in EURUSD forecasting the bigger picture in order to have a solid base to take our decisions. Looking at the weekly chart of EURUSD and using median line analysis and simple structure levels we may easily see is that price is now being traded at a key support level which consist from the lower parallel of the upsloping pitchfork and a previous resistance structure level now acting as support. In addition to that - always in the weekly chart - we do have a pending head and shoulder pattern with the left shoulder and the head sitting at 1.20450 and 1.25400. A potential rally towards 1.20450 will give us the completion of the pattern and a very good reason to watch for shorts. Switching to the daily chart we do have more confluence. At current support level we do have a double bottom pattern completion in additon to a bullish RSI divergence - a good sign that price is about to reverse. All the above give us a clear bullish context in EURUSUD..! This does not mean that is certain that price will head north. Structure changes in no time and our job is to adapt and reconsider our view..! Like and follow this post as I will continuasly update it when setups make their presence..! Lastly but no least, feel free to ask to questions and post your ideas so we make this EURUSD idea a big one with a ton of value for the community..! Afterall if BItcoin is the king of Cryptos, EURUSD is the king of all currencies..! All the best, John Daily Chart:
Long
by Fxprotrader
3
USDCAD: Key Support Zone to Watch for LongsYesterday markets closed and left us with an open position at USDCAD having already booked more than 150pips as the double top pattern has worked wonders (link below). Definately there is more room to the downside for more profit to be made. In this post what we easily see is that as price drops it is heading towards a key support level which consists of the sliding parallel of the upsloping median line set and previous structure. RSI is oversold - another sign that sooner or later sellers will give up pushing USDCAD to the down and a reversal might occur. So in case we see price reaching the 1.30600 level we should close our sell trades from previous post and start looking for a buy setup completion. As always I will update this post when a setup comletes..!
Long
by Fxprotrader
5
SPX500: Resistance Holds, We Watch for ShortsLooking at the 240min chart of SPX500 we have right in front of us a very strong resistance level which already seems to be working with a price drop. Price has broken below the median line of the upsloping median line set and pulled back for a retest. At the same level it meets previous structure and the 50%fib retracement of a previous downtrend. Overall we are in a bearish context and looking for a sell signal is all we should do in the upcoming trading week
FX:SPX500Short
by Fxprotrader
1
GBPUSD: Washing & Rinse Bullish SetupLooking at the horizontal support levels (orange line) someone could easily say that price is breaking below current support and selling is our option. In my analysis this is a classic wash and rinse bar which is taking out stops hidden below previous lows before start climbing to the upside. Looking at the slope of price what we can say is that previous support (green sliding parallel) has stepped up - a sign that we do have a bullish context although it seems we are in a clear downtrend. In addition to that we do have an oversold RSI which signals a potential end of current downmove. This setup is one of my favourites and definately I am going long from current level with sl and tp as shown in the chart. In case it looks scary to you just wait for your favourite setup to complete at current level and buy GBPUSD.
Long
by Fxprotrader
6
Bitcoin to $7300 - Detailed Multi Timeframe AnalysisDaily Chart - Price seemed like it broke below the $6300 support level but it reversed, now trading above that level. - The sliding parallel of the downsloping median line offers support at the same level as the horizontals. - RSI is oversold 240min Chart - A clearer view of support offered from the sliding parallel - RSI bullish divergence Hourly Chart - A buy setup Price is developing a bullish flag. Buy the breakout placing your stop-loss below the correction of the flag and aiming for a least the $7300 level. All the best, John
COINBASE:BTCUSDLong
by Fxprotrader
3