GBPEUR Potential Short Symbol: GBPEUR
Timeframe: 1H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: 1H: Lime -> Yellow
Long Timeframes Context: Light Red
Other Signal: Head & Shoulder, Rejected by Structure Resistance
SETUP: Wait & Short Bearish Breakout
SL @ 1.10851
T1 @ 1.0871
T2 @ 1.0821
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Multi-timeframe
GBPAUD the LONG way, but the PATIENT way.Multi TF analysis first, we see the Monthly/Weekly/Daily in congruence for an uptrend. On the daily here, we see that the market could be pulling back. I've got the fib zones marked with rays. As you can see there is the 50 and 61.8 percent level each identified with a ray. Additionally both those fib levels have confluence with a significant support/resistance zone. So it could be a retest as support of those levels. For further confluence, we see that at the %61.8 zone, there is close to the bottom of the equidistant channel coming through for a 3x confluence zone. This will be really powerful. I'm looking to take this from one of those two zones all the way up to where the arrow stops. For my trading style I noticed the 1h, and 15m are in a downtrend. I'm looking for an entry on 1h after an impulse wave breaks the downtrend structure and retests. However a candlestick confirmation for a bounce off a zone may be enough on the 1h or 4h. Lastly, we wait. This idea isn't to tell you to jump in now, but to wait and watch to see how the market reacts when it gets to these two zones. We must remember that the market does whatever it wants so it could randomly go against all of this structure. However we have the statistical advantage with good multi-timeframe analysis. So keep those fingers crossed.
Trade at your own risk, I am not a professional and this is not professional advice, this is just my personal analysis.
PatiencePays
GBPCHF for the LONGS until 1.22200For starters, on the right we have a weekly chart, and on the left we have a daily chart. Using multi time frame analysis, I'm leaning towards believing that this current uptrend we are in can make it all the way to the orange line for either a retest of that orange MONTHLY zone as a support turned resistance OR, it will turn out to be a false breakout on the monthly chart, and break back into the consolidation between the two orange bars on my weekly chart to the right. Either way, it's looking like longs to me until we get to that orange zone. Especially after we see a retest of the purple weekly zone on the daily chart(left) with convergence of retesting to the 61.8% zone, and further convergence of what I had pegged as a supply zone, but I'm not good with those yet so you decide for yourself. I would say this is a good trade to lose, and as you all should know, anything can happen anytime so best of luck.
I am not a professional trader and this is not professional advice, (maybe one day it will be), but until then, trade at your own risk!
#PatiencePays
NZDJPY Retesting a 4h Descending TriangleIt isn't the prettiest, but How often are they? Here we see a Descending triangle formed on the 4h hour with at least three touches. We have a candle close under that support and it looks to me like the market is returning to potentially retest that previous orange MONTHLY support zone as a newfound resistance zone to continue the overall downward trend. From a multi-time frame analysis perspective, the monthly, weekly and daily chart are all congruently in a downtrend so this retest here looks to be a great opportunity to jump on the people's trend, get some good gains and a great risk reward. Of course first, we must wait for the candlestick confirmation or however you identify trend being reversed at a zone before we enter this trade for a high probability entry.
I am not a professional, I aspire to be though, but trade at your own risk.
#PatiencePays
Bitcoin Found Support: Buy the Demand Zone 20190811Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 30m
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: Red -> Blue
Medieum Timeframes: Red Series
Long Timeframes – Context: Green Series
Long Wick Candle in 1H Timeframe
Demand Zone: 11100 -- 11350
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
GBPAUD: Multi TF analyze - To keep it short: - Short team Buy if break the line or 1.8 zone -
So where are we now?
1. Weekly:
What i can see:
- Buy signal :High volume (enough) bullish pinbar
- At the swing low - still in the chanel
- Divergence shows bearish signal.
Technical:
- Buy: price action, trend analyze, candlestick analyze (+++)
- Sell: Divergence (+)
Fundamental:
- Sell: Brexit. AUD rally down is actually a good thing for it's export and will soon rise(+)
So, we can expect short term buy and long term sell
2. Daily
What i can see
- price bounce off Support with high volume
- Bullish pin bar
- Bullish divergence signal
- Price touch upper trend line in a shorter term than before
- Reverted HnS pattern(kinda)
Technical:
- Buy: Divergence, Trend analyze, HnS (+++)
- Sell: ?
Fundamental: Same with Weekly
3. 4Hour
What i can see: Price is held back and may enter a consolidation time, but overall not differ much from D1
Conclusion: Base on Suppy and Demand zone, i say buy if price break the 1.8 with sthing like price acion.
All the analysis can be all wrong, so "choose your playground"
USD/CAD READY TO EXPLODEMONTHLY: HUGE BEARISH ENGULFING CANDLESTICK, ENGULFING THE LAST 4 MONTHS CANDLES
WEEKLY: SIGNIFICANT TRENDLINE BREAK
DAILY: PRICE STUCK IN THE BOX, WAITING TO RETEST THE BROKEN SUPP WHICH ALSO CORRELATES WITH FIBONACCI GOLDEN POCKET
#TRADESAFE GUYS, I'LL CATCH YOU REALLY SOON
Bitcoin May Consolidate Within Some Possible Trend Lines 0721UKSymbol: Bitcoin vs usd, XBTUSD, BTCUSD
Bitcoin has just got support at 10350-10600 zone. The following days, it may consolidate to decide the direction.
There are some Trend Lines, Red Lines for Resistance, Green Lines For Support.
Short Signals: when it is rejected by Red Trend line with Yellow or Red Signal in "9 Seasons Rainbow Indicator".
Long Signals: when it is supported by Green Trend line with Blue or Green Signal in "9 Seasons Rainbow Indicator".
Breakout Upward Signals: If the Red Trend Line is tested repeatedly and Lime appears in "9 Seasons Rainbow Indicator".
Breakdown Signals: If the Green Trend Line is tested repeatedly and Purple appears in "9 Seasons Rainbow Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Bitcoin Resistance Worked - Short Trade 20190721UKSymbol: Bitcoin , XBTUSD , BTCUSD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframe: Green - Red
Medieum Timeframe: 90m Yellow, 2H Lime - Yellow: Resistance worked, Breakout Fading
Long Timeframes – Context: Red – Bearish
SETUP: SHORT
ENTRY @ 10600-10800
SL @ 11101
T1 @ 10301
T2 @ 10151
T3 @ 10001
Manual Stop Conditions:
Yellow in 90m or 2H becomes Lime and keeps
Violent Price Swing Upward
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of " 9 Seasons Rainbow Multi TimeFrames Pattern ".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Bitcoin Trend Continues - Long Trade 20190719Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 15m
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signal:
Short Timeframe: 15m Blue - Support
Long Timeframes – Context: Green - Upward Trend
SETUP: LONG
ENTRY @ 10351
SL @ 9999
T1 @ 10999
T2 @ 11199
T3 @ 11499
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Bitcoin Rejected by Resistance - Short Trade 20190720Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signal:
Short Timeframe: 2H Yellow: Resistance worked
Long Timeframes – Context: Red – Bearish
SETUP: SHORT
ENTRY @ 10550
SL @ 10751
T1 @ 10301
T2 @ 10101
T3 @ 9801
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Bitcoin Trend Continues - Long Trade 20190719Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 15m
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signal:
Short Timeframe: 15m Blue - Support
Long Timeframes – Context: Green - Upward Trend
SETUP: LONG
ENTRY @ 10351
SL @ 9999
T1 @ 10999
T2 @ 11199
T3 @ 11499
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Trade Strategy for Bitcoin in Descending Channel 201907Symbol: Bitcoin , BTCUSD , XBTUSD
Context: Descending Channel
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern
Charting Timeframe: 15m - 11H
Short Signals:
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the Descending Channel
Long(Small Position) Signals:
Multiple Blue -> Green + Red Context
Zone near lower border of the Descending Channel
Trade Setup Examples:
Long trade a bounce: Target Reached
Short the end of a bounce: Target Reached
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Trade Strategy for Bitcoin in Descending ChannelSymbol: Bitcoin, BTCUSD, XBTUSD
Context: Descending Channel
Charting Timeframe: 15m - 11H
Short Signals:
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the Descending Channel
Long(Small Position) Signals:
Multiple Blue -> Green + Red Context
Zone near lower border of the Descending Channel
Trade Setup Examples
Long trade a bounce: Target Reached
Short the end of a bounce: Target Reached
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Bitcoin Bounce Trade OpportunityTimeframe: 30m
Signal:
Blue: Support / Oversold in "9 Seasons Rainbow Indicator"
SETUP
BUY XBTUSD
ENTRY @ 9400
SL @ 9089
TP-1 @ 9750
TP-2 @ 9890
TP-3 @ 10060
RR-1: 1.2
RR-2: 1.5
RP-3: 2.1
Leave your comment or like, PM the author for a one-week free trial of "9 Seasons Rainbow Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
GBPAUD SS Short + 148 Pip PotentialPrice is below the Daily and 60 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.7925 (60 KS)
Stop = 1.7945
Risk = 20 pips
Profit target = 1.7777 ( The projected daily low )
Reward = 148
RRR =7.4 - 1
2nd Entry = 1.7852
Stop = 1.7882
Risk = 30 pips
Profit target = 1.7762
Reward = 90 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
Buy AUDJPY - Broken out of the channel formationTrade Idea
Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 74.85.
Further upside is expected although we prefer to set longs at our bespoke support levels at 74.85, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Buy at 74.85
Stop: 74.55
Target 1: 75.70
Target 2: 76.10
Check the video for a full breakdown on the setup in the relataed ideas
AUDJPY - Buying dips in the short termWe are still looking for opportunities to buy AUDJPY on dips towards 74.85. This video goes through our multi-timeframe setup.
Here is our day trade idea for today...
Trade Idea
Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 74.85.
Further upside is expected although we prefer to set longs at our bespoke support levels at 74.85, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Buy at 74.85
Stop: 74.55
Target 1: 75.70
Target 2: 76.10
Triggered on GBPCHF - Video on why we bought this levelFX:GBPCHF , OANDA:GBPCHF , SAXO:GBPCHF
Here is a video on GBPCHF. We posted a buy idea on the pair this morning (see the related idea).
Just a quick run through on the reasoning behind it and why we thought it was a decent speculative trade to have a look at today.
Feel free to comment if you have any questions or would like to discuss anything.
Full details of the trade can be found on our wall or in the related idea link.
GBPAUD SS Short + 116 Pip PotentialPrice is Below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.8166
Stop = 1.8185
Risk = 20 pips
Profit target = 1.8050( The projected daily )
Reward = 116 Pips
RRR = 5.8 -1
* There is no Breakout trade as this pair is extended