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Multi-timeframe

How to trade a Range / Real case on EUR/AUDGood morning traders! Today we detected a trade opportunity in the EUR / AUD pair and we want to share with you in detail how we perform a multi-timeframe analysis to develop a setup. 🔸The first step is to start on a high timeframe chart in order to see the long-term behavior, whether it is in an uptrend, downtrend, or range. 🔸What we see on the daily chart of this pair is that it has been moving within a range for several months without a clear main trend. Of course, inside this range, there are internal trends of less temporality, which is what we will use later to be able to develop the setup. 🔸Talking about the price situation at this time, we see that it is coming out of a support zone that was tested multiple times, and that each time it faced that zone it generated an upward movement. Because of this, we are now expecting the same behavior. 🔸Decreasing the timeframe to 4H, we are preparing to analyze the short-term behavior. 🔸Following the bounce in the support zone, the price broke to the upside the Descending Trendline, this was a strong bullish sign. The problem with this break is that there was a Resistance zone very close, so we needed this zone to be penetrated to the upside before looking for an opportunity. 🔸This is what happened a few days ago. The price generates a bullish breakout, and not only that, but also begins a corrective process in a throwback to the support zone (previous resistance). 🔸Due to all this confluence of factors, we consider this pair to be a good opportunity. 🔸Using the cloning of the first impulse as a movement objective, it offers us an excellent risk-benefit ratio.
Long
by ThinkingAntsOk
1
NZDJPY - Muti TF Technical Analysis - 6 year trendline & SupportThis is a high probability trade with an almost 6 year trend line that we broke out of this month sitting on a well tested formerly supply zone, now demand. That's it. Simple trade. 😇 The Daily price action appears to be slowing down so should be primed for a buy right at the trend line. Set your TP wherever you like but I'll probably set the initial TP at 73.5 but have it trailing at 1xATR and ride the incoming trend. Please follow proper risk management. I use 1.5x Daily ATR which puts my SL at 225pips. Pretty large but as a more volatile pair, this could easily test your resilience and have a large DD before going in your direction. Buy at the DD and don't be the DD 😅. Happy trading
Long
by aylbfx
GJ 120 pips Sells BreakdownPrice broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this trade was pretty good. As soon as we tapped into the broken support zone, I took an entry with half of my usual risk, stops were above the previous candle and my TP was highlighted on the chart. Profits were taken at each of the support zones as we tapped into them, this lowered our risk and secured profits. When we hit our final target, we removed our TP and let 10% of the trade run, the target for this was 135.887, as this was a possible rejection zone and also 120 pips profit. This target was also hit before price formed support to continue back up.
Education
by rhf_fx
USDCHF - Trading the Trend Continuation - Support BreakHi Traders! The market is in a Downtrend. As always, let's begin with the Daily Timeframe. Here is it: Here you can see the market in a clear Downtrend. It is additionally moving in a descending Parallel Channel. The Trendline-Extension are overbought and oversold areas. So, we're only looking for Selltrades. Let's move on to the lower H4-timeframe: What do we see here? A descending Triangle which consists of a descending Trendline and a strong Support. And consider the number of the touches too. It is showing the strength of the Triangle. Here is the idea: The H4-Timeframe The H1-Timeframe: The idea is simply the Break of the Support with the SL above the Trendline and the TP at the 161.8% of the Fibonacci Trendline Extension. We recommend to trade the Breakout with a Retest, to avoid False Breakouts. Thanks and successful Trading :)!
Short
by swissmoneymakers
GBPUSD Chart Analysis - 8-22-2020 GBPUSD CHART: DAILY NOTES: * DAILY: - Price has had a 100% retracement. It has trended bullish since March 24, 2020. - (Question): Who controls price movement? - Currently consolidating at a pocket of Demand. * INDICATOR(S): Stoch: Nearing Oversold * PATTERN(S): Rising Wedge, Ascending Channel (GBPUSD) CHART: 4HR NOTES: * 4HR: - Price is consolidating at the neckline. * INDICATOR(S): Stoch: Nearing Oversold * PATTERN(S): Double Top (Reversal Pattern) (GBPUSD) CHART: 1HR NOTES: * 1HR: - Price is consolidating at demand zone. * INDICATOR(S): Stoch: Nearing Oversold * PATTERN(S): Double Top KEY EVENT: Election November 3, 2020
by Ms_Pip
How to Use Multi-Timeframe Analysis and What It MeansIn this video tutorial, our team based out of New York City walks you through multi-timeframe analysis including what it means and how it works. Multi-timeframe analysis (MTF) is a process in which traders can view multiple timeframes at once on a single chart. For example, if you're looking at a 30-minute chart you can quickly add a daily Moving Average and weekly Bollinger Bands. Multi-timeframe analysis is the process of looking at multiple timeframes at once and using them to make better decisions when trading or investing. Getting started with multi-timeframe analysis on TradingView is easy: Step 1 - Add an indicator to your chart Step 2 - Open the indicator's settings and find the Resolution parameter in Inputs Step 3 - Adjust the resolution to the timeframe of your liking This process works for most of the built-in indicators on TradingView. You can have several timeframes visible at once so you always know the most important price levels. MTF works by the minute, hour, day, week and month. In addition, Pine coders can use the same `resolution` parameter we use in our built-in indicators in their own scripts. By simply adding it to a script’s `study` declaration statement, coders now have an easy way to add MTF functionality to scripts and let users decide the timeframe they want the indicator to run on. We hope you enjoy this video tutorial and please press like if you find it helpful. If you're already an expert at multi-timeframe analysis, please leave some tips and educational lessons in the comments so others can learn from you. Additional reading: A New ‘Resolution’ Parameter Makes Multi-Timeframe Analysis Easy (TradingView blog) Learn more about multi-timeframe analysis from other traders Explore the public library for scripts using multi-timeframe analysis
NASDAQ:TLTEducation
by TradingView
38
EUR/USD Short Term Trade IdeaI'm continuing to look at areas between the 1.1700 and 1.1900 zones for support and resistance until a break of these levels occurs. Recently I have been using hedging technique more often with really good results, this way I can decide on my overall bias and let the market come to me in either direction. From a fundamental perspective, pretty much more of the same with the US government stuck in a dispute about stimulus, so I believe overall market sentiment will provide guidance especially with a light calendar this coming week. With that being said, this is just my own thesis, I'm still bullish on the EUR for now.
by charlieb410
DFT weekly mapping - Long term trend Weekly mapping of the price, we map, not predict in Multi UT analysis ;) Some rules to understand the form of the strategy: (Can answer to your question about the content of DFT strategy :) ) - shade of red trends = primary (the black one are secondary trends) - Redish trends is primary as medium investors are arbitring short/long term investors decisions. Div: Trend vs demand/supply -Ascending trends with red cloud is most likely tested twice before break up. -Descending trends with green cloud is most likely tested twice before break up. Conv: Trend vs demand/supply -Ascending trends with green cloud doesn't need retest to break up. -Descending trends with red cloud doesn't need retest to break down. red cloud = supply area green cloud = demand area
KRAKEN:ETHUSDLong
by Mr_Gesier
1
EURUSD 1.17832 - 0.78% LONG * TREND CONTINUATION IDEA Good Day Everyone A look at the EURUSD pair from multiple time-frames. * MONTHLY & WEEKLY > Since from both this time-frames the sentiment is more or less the same will draft them out combined * The EURO gained momentum against the DOLLAR in the last weeks hitting HH, TILL WE SAW A BREAK ABOVE THE DESCENDING CHANNEL pushed up and came down to retest structure on both time-frames. The pair retested structure and the 38.2 % Fibonacci level whereby it was rejected looking for a continuation to the upside or rather from a technical perspective on both time frames we are NET LONG ON THE PAIR. > unless this is a fake out and we see significant moves to the down side and structure holds the trading plan stands. * DAILY > We have the 1234 move confirming that we are now in an uptrend so we could possibly see a retracement before we continue to the upside and when we come down to the daily time-frame this move is confirmed as we closed with a big bearish candle possibly signalling this move then possibly seeing a continuation to the upside . looking for confirmations to go long on the pair or rather continuation of this uptrend so lets see how it goes.. GOOD LUCK AND HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it. * THE IDEA IS PREDICTIVE BASED ON TECHNICAL ANALYSIS MANY FACTORS GO INTO EXECUTING TRADES KINDLY TAKE CAUTION.
Long
by PULEMokhothu