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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 !
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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.
For the full analysis, educational content and quality signals service, contact us on
Telegram: FedericoGallo - @MrFlawlezz
Instagram: @Forex_society
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
AUDNZD Watch For A Break Above The Neck Line AUDNZD is sitting near support the market has formed a Head & Shoulders pattern I believe if we break the neck line it will be a great opportunity to take advantage of, be patient!
USDJPY SELL SET UPThis pair has an interesting set up, the price is on a downtrend for the past weeks, making Lower Highs and Lower Lows, right now the price is on a converging bear zone with a strong daily resistance, a .50 FIB level, the descending trend line. To enter a trade, we will wait to see a bearish candle or chart pattern on a lower timeframe.
If you want complete analysis and quality signals contact us on
Telegram: @FedericoGallo - @Mr.Flawlezz
Instagram: @Forex_society
NZDCAD SHORT Hello Bunny's, here is my analysis for NZDCAD. This pair will be in my watchlist you guys should too. Let me know in the comment section if you guys have any questions.
Asian Paints - Detailed multi timeframe outlookMonthly -
Weekly
Daily -
Shared above
4 Hourly
Hourly
EURAUD Long - Wait for a breakout and retest Hello Bunny's, here is the full analysis for this pair. This pair will be in my watchlist you guys should too. Let me know if you guys have any questions.
NZDUSD Big Short Opportunity ComingNZDUSD has been in a widening wedge pattern and has formed a shooting star candle on the daily timeframe. These are both signs of a reversal. Multiple confluence list:
1. Daily shooting star with 3rd test of trendline
2. Daily RSI overbought with 4 Hr RSI bearish divergence
Entry around 0.66150 with stop above high at 0.66450. TP1 0.65550 TP2 0.64550
This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
USOIL - WTI- SHORT SELLI think this is what is going to happen.
Feel free to leave your thoughts on oil :)
xauusd time forecast The timing of the ounce of gold correction will last until early January and we will see an increase in gold in the new year.
MetaHash [MHC]: Now's the time to buy : BUYBeen following this coin for some time and looking at what the project offers in terms of forging daily profits on the MetaGate platform & the new multi-PoS system, I believe MetaHash to be one of the very best options going forward.. CEXIO:MHCUSD
Get started here:
9jj8eo.metagather.org
Bitcoin: only a small rally, not turnaroundStill bearish on Bitcoin for the broad picture.
4H pin bar formed after a wild rally last night from 6800 to 7500. When there're too many shorts, a bounce justifies forcing the bearish side to liquidate their massive short positions. The overall trend is still down.
For the technical part, daily RIS is turning up but on 4H chart, RSI has reached over 60. I believe the daily RSI will still wander below 50 for a long time in that no major break out volume take place.
