Multi-timeframe
{SWC} FBM KLCI/Malaysia 30, Closing Bell 14th Apr 2020Thank you for your continued support! :)
This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today.
The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78, leaving a long lower shadow on the candle. On the 15 minutes chart, we further project a series of intraday fibonacci key levels and found that the 38% at 1359.78 was putting up some resistance as the KLCI tried to move higher in the afternon. Will the 1350-1353 support hold next time?
Stay safe, everyone :)
{SWC} FBM KLCI/Malaysia 30, Closing Bell 10th Apr 2020Thank you for your continued support! :)
On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday!
The development of the following week would come as dramatic as the last. The KLCI would continue the extremely bearish breakout until it found willing buyers on the 17'Mar, dangerously sustaining above 1200. A technical rebound was expected, but the unexpected magnitude of the 6.85% u-turn would send the bears routing.
The continuation of that 83 points reversal would lead FBMKLCI to challenge the downward sloping short term moving average. For a while, KLCI would consolidate a new support on the 1317 region.
Taking a more granular look of KLCI's performance through the recent hourly chart, the main index has staged an offensive into the gap of that same Friday the 13th. Pulling their punches, investors didn't want to overextend their risk approaching the week's close, preferring to take profits. The concern is understandable as the new round of OPEC+ virtual meeting is beginning on the global stage, while awaiting news on the possibility of Movement Control Order (MCO) extension in the local scene. Adding into the mix, the HK and US markets are closed for Good Friday, brewing more uncertainty for price reference to the big boys.
Come Friday, the MCO extension was more or less expected, so the bulls aren't willing to give up much ground, having settled to camp around the price range of 1350 to 1353 - the previous high and 38% retracement. Cautious but optimistic, investors and traders await further news to develop through the weekend.
Stay safe, everyone :)
USD/CHFThis is an updated look at my chart from the analysis done on the 17th of March - Price action tested the highest Fib level before making a reversal and triggering of the pending order.
This was a long wait but patience in key.
*NotFinancialAdvice
MULTI FRAME ANALYSIS GBPAUDMULTIFRAME ANALYSIS 3 MINUTE, 5 MINUTE, 15 MINUTE AND 6 HOUR CHART SETUP.
DJI UpdateHere's my DJI analysis from a smaller time frame perspective.
This is another case of being patient to allow certain things to take place before execution. My bias is definitely short for the Dow Jones Index due to a number of factors, but I'll name a few.
Confluence (3 or more):
-Price breached a significant HTF OB
-Price broke through HTF Diagonal Support
-Fresh HTF OB patiently waiting above price
We shall see.
- BTC - How big banks play monopoly in 2 stepsHello,
Before we start talking about now let's go back to 2017 to demonstrate the simple business model of big banks.
In 2017 before the futures every big financial entity was bashing bitcoin really hard ( Example: www.theguardian.com)
The reason why is that because they are simply making the weak investors sell in order for them to buy more and then manipulate them back into buying in ATH and then do this cycle again ,They use fear and greed in order to that...That's not just for bitcoin but for every other market in the past 20-30 years.
What is happening now is the same with coronavirus . Let's look at simple data:
-SPX is down 16.62%
-UKX is down 21.46%
-DAX is down 21.32%
And basically every other indices , And all for what ? A virus with 3% death rate (www.worldometers.info) that the media made it look like the new plague ?
What i think this is ,Is the fear phase in which the week investors sell in order for big banks to buy .
Back to Bitcoin ,
The best regions to buy BTC from is 5800-6200$ (Very strong weekly support) and 7200-7400$ (Weekly fib + daily support)
SHORT NATGAS USD short selling because the candle breakout old support
double top break in M30 and H1
BUT you can wait for confirmation on D1 time frame Because the price is at the bottom of the channel and maybe go up
remind that you can wait for test and short sell again !
Last Update From UsdCad 1D/4H HI traders
Before taking a sell position , let's price break down and pullback specified level .
I hope it was useful .
EURAUD short You can see that the wave respected the weekly and monthly resistance, which alined with the rsi being in the overbought zone.
see link below!
Also the wave respected the 0.618 level which is a strong level to short.
Multi-Time Frame Analysis (LONG)We looking at a double bottom price pattern on the 30, H1 and H4 TFs Hence anticipating a bullish continuation .
How to Do A Multi Time Frame Analysis in a reactive way!Hi Traders, here is the full Educational Video - How to do a Multi Time Frame Analysis in a Reactive way! .
Conditions -
1.Make Sure Structure Broken and closed below.
2.Wait For Confirmation (Price Action)
3.Use Risk Management + Follow A Trading Plan!
4.Always Be reactive & Not Predictive !
A like and a comment will create more Free Analysis & Forex Education.
Your Support is Appreciated!
See You in the next Educational Video / Analysis
Global Fx Education
GBPUSD could make a push upwards to follow the trendAs seen on the chart, GBPUSD has hit support and I expect it to bounce back up.
RISK: Medium to High
Why: Because the candles at this point are still weak and it has hit the support before the trendline, which could indicate that it's not going to follow the trendline anymore, or it could go back down hit the trendline then bounce back up.
EUR/NZD Reached Area Of Resistance And Could Go Retrace Back.EUR/NZD entered the area of resistance It may come back and fall but if it reaches the line(Breaks the 2 levels of resistance) it should continue moving higher. But for now we need to wait and once we will see what will happen we need to go for the 4H/1H timeframe to look for the right entry.
ETHUSD Is Hitting The Support TL With A Bullish Engulfing CSF ETHUSD is also similar to Bitcoin just a little bit different chart, Ethereum is also at a very low price near support hitting the up trend line where the market bounced up already a few times in the past, see the green arrows, and now at the up trendline the market formed a bullish engulfing candlestick formation which is also a formation where the market is telling us that we might be ready to go up bullish, this one though have more percent potential return then bitcoin but both looks good.
if you have any questions please comment or massage me.
this is not a advice, you should do your own research get comfortable before you make any decision, this is just me showing you the way I review the market, if you would like more details please contact me i will surly be willing to help your out with your questions
EURGBP SHORT -- MULTI TFA Looking for continuation of bearish trend identified on daily chart. Observed double top on daily after short uptrend movement, expecting a reversal back to the downside. Currently looking for sell signals -- ex: overbought, bear divergence bearish pin bars, waiting for price to make its way back down towards support level of 0.8370.
Potential trade setup:
Entry: after bearish pin bar, confirmation candle close would be entry.
TP: 0.8300 zone
SL: 0.8490
EURJPY ANALYSISThis pair bounce from a strong resistance zone and the top of an ascending channel, making a triple top pattern. right now the price is reaching the bottom of mentioned channel,that is a bull zone. it is possible that price make an extension to the support zone below the line of the channel, that is converging with a .61 FIB level. Then we will wait to see some confirmations on a lower timeframe to tell us that the price is going to bounce and make a move to the top.
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EURJPY SHORT TRADE, BEARISH REVERSAL? 600 PIPS POTENTIAL!! Happy Monday everyone!!
After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us.
Monthly Time Frame
- Downtrend line potential 3rd touch
- Support breakout 128.803 currently on pullback
- Bearish Engulfing candle: Resistance at 123.318, Support at 120.008
- Sell signal identified
Weekly Time Frame
- Downtrend line potential 3rd touch (similar to monthly time frame)
- Support breakout 121.674 current on pullback
-Bearish Engulfing candle: Resistance at 123.357, Support at 121.259
- Sell signal identified
Daily Time Frame
- Support breakout 122.506
- currently price had already touch this support and move, creating engulfing bearish candle, this where i found my sell confirmation.
*ENTRY POINT EXPLANATION*
H4 Time Frame
- Lower low structure formed, 122.821 as high and 122.075 as our new lower low, breaking 122.212 as last week support.
- Double top formation formed at 122.821 as resistance, WAIT FOR PULLBACK to neckline 122.633, than we can good to sell
If this really monthly reversal movement than we might catch 600 pips more at last support 116.470
Thank you for looking at my analysis, this is my point of view on EUR YEN, whats yours? please let me know on the comment and i hope we can be friends ^^
EURAUD SHORT TRADE: 130 PIPS POTENTIAL (SWING TRADE) SETUP CONFLUENCE
Monthly Time Frame
- Support breakout, Pullback and possibility for bearish continuation
Sell Signal
Weekly Time Frame
- Support breakout 1.61597, pullback and possibility for bearish continuation
- Bearish engulfing candlestick formed, range = 1.63132 - 1.60322
Sell Signal
*SELL SETUP EXPLANATION*
Daily Time Frame
After looking at monthly and weekly time frame I conclude that price are on the way for bearish continuation. But the question is, where we might put our sell entry point??
inside weekly time frame bearish engulfing zone, we identified that at daily time frame, support has been formed and breakout. so this is where my confirmation for this sell setup.
H4 Time Frame
This is the part where i look for my entry point.
you can see that support breakout formed and inside those there was engulfing candle at price range: 1.61751 - 1.61274
i will put my sell entry point in that zone, still confuse ?? if yes than put your sell entry point at 50% level in the engulf zone. 1.61508
Keep it simple guys!! ^^
This is my thought on EUR / AUD for this trading weeky, what's inside your mind? please let me know in the comment. Thankyouuu!! :D
