Multi
US Dollar IndexAll I'll say for now is that I'll love to see the bears enter the market to push price down to the $90 level. Before that can happen I'll wait for a B.A.R of the $92.66. We shall see...
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Gold (Xau/usd) Sell Setup!!As i explain on this video yesterday about the outlook this week of gold. i will link it below so you can learn something.
we found a nice sell setup to downside cause of liquidity zone around the current price and also lower timeframe we see price breaking structure to downside
Follow me for other setup coming soon!!
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 :)!
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
LTC- Litecoin is about to join the Altcoin partyNamecoin may be the first altcoin, but Litecoin was the first well-known altcoin until Ethereum came along.
Grayscale just launched the Litecoin trust and institutional demand is surging as evident by the massive premiums Litecoin trust commands.
Litecoin is highly liquid and is still down 84% from its ATH. The breakout may be imminent so it is a good time to start accumulating within the S/R zone.
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
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.
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
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
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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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.
Nice Potential buy setup for Usd/Cad!!!Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use proper risk management.
Follow me for more updates here!!
Market outlook for GBP/JPY is still Long!! ( buy setup!!)Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use proper risk management.
Follow me for more updates here!!
#US30 #Dowjones Moved To Our Levels But ...? Top Down AnalysisTraders, US30 moved exactly to the levels that we expected last week. Now it is between 2 important levels. It may perform a retest before moving higher. The higher level is crucial because if that s broken then, we are looking as a huge breakout to the upside. Lets see in this multi time frame analysis.
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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NULSUSDT ❌ Nuls Proof of Bullish Reversal?...if Support is Held💬 The NULS + Nerve Network and Bitcoin staking services news is almost as bullish as the potential bullish reversal we are seeing on NULS's chart. Let's take a look at some different timeframes to see what NULS is up to.
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Hourly Support:
S1: The S1 S/R flip has already acted as support, ideally once is enough and we start a move up from here. With that in mind, it may see a reaction again if retested so its worth having on the radar for that. Mostly though, this level is notable in being a key level to hold as you'll see as we move along with the analysis.
S2: S2 S/R flip is a likely support if the current move ends up being one of bearish continuation as shown by the downward ABC line. A move like that would show weakness in the higher timeframe market structure, so although the support is relevant, this sort of price structure is something to be cautious of.
Hourly Resistance:
R1: The R1 S/R flip will either act as resistance, bringing us downward, or as support if price can move above it. The bulls want to see it act as support as shown by the upward sloping "bullish reversal move" ABC line.
R2: The R2 S/R flip is where we expect a bullish reversal move to find resistance and reach a decision point.
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4 hour USDT:
The major price pivot point shown here is the level that the bulls must hold. If the bulls hold here, NULs has a long way to run. If the bulls can't hold, NULS shows real weakness. This is why we don't want a retest of S2 on the hourly, it jeopardizes this level.
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4 hour BTC:
4h BTC Support:
S1: The S1 orderblock lines up nicely with the USDT's S1. This makes this support even stronger and more ideal to hold.
S2: Again, we have an S2 support that could work like we explained with the USDT hourly S2, but retesting it isn't ideal (unless it is retested by BTC rapidly outpacing NULS... although that itself isn't the ideal for NULs bulls).
4h BTC Resistance:
R1: The R1 orderblock is the first point of resistance for BTC. Keep this one in mind if we do get a run.
R2: The same logic as R1, the R2 S/R flip will be a key resistance if and when it is tested.
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Summary:
NULS bulls want to see S1 hold. This is a rather important support to stay above, thus the clearest path is a bullish continuation from here as a show of strength. Although there is some local resistance, higher-timeframe resistance Is a good ways off. So if NULs can move here, it has a good amount of uptrend potential.
Resources:
www.businesswire.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
$OLLI Long over 105 Multi-year break out!Ollie’s Bargain Outlet Holdings, Inc. Provides Second Quarter Outlook
Ollie's Bargain Outlet Holdings Inc :
• OLLIE’S BARGAIN OUTLET HOLDINGS, INC. PROVIDES SECOND QUARTER OUTLOOK
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS TOTAL NET SALES OF ABOUT $515 MILLION
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS COMPARABLE STORE SALES GROWTH OF ABOUT 40%
• OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS GROSS MARGIN OF APPROXIMATELY 39%
Ollie's Bargain Outlet sees Q2 revs above consensus
Co issues upside guidance for Q2 (Jul), sees Q2 (Jul) revs of ~$515 mln vs. $388.35 mln S&P Capital IQ Consensus.
Other Q2 Guidance:
Comparable store sales growth of approximately 40%;
Gross margin of approximately 39%, returning to historical second quarter levels;
Operating margin1 of approximately 16%
"The robust comparable store sales growth has decelerated in recent weeks, tracking in the positive mid-teens, and we expect growth to continue to moderate in the third and fourth quarters."
USDCAD 1.35905 - 0.04 % SHORT IDEA Good Day Everyone
Here's a look at the USDCAD pair, another rejection at Fibonacci level 61.6 % this is a very strong level as its seen many touches on the pair, the pair is currently rallying downward as we so a bearish close for the week with a significant bearish candle, looking for continuation of this move to the downside.
this move failed on a previous idea attached in which the pair was stopped out as the dollar gained strength in the previous week and the pair closed above the 200 MA as well, so will be looking for significant moves and signals pointing to a bearish continuation on the pair otherwise the trading plan will change as we react to the DOLLAR'S momentum against the CAD .. lets see how it goes
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
AUDUSD 0.69427 +0.3% LONG IDEAGood Day Everyone
A look at the AUDUSD pair from multiple time frames
MONTHLY
* Starting from the monthly we've been respecting a descending channel we are in a strong bullish momentum as the AUD regains streght agaisnt the DOLLAR looking for a push up to retest structure so the sentiment from the monthly us bullish on the pair.
WEEKLY
* Moving down to the weekly the sentiment is still the same, still within that descending channel structure but the picture becomes clearer as we can now determine we are trading in a pennant formation which could be signalling continuation to the upside so we are still NET long from both time-frame lets see the daily.
DAILY
* On the daily the chart has pretty much respected the Fibonacci retracement levels and we are about to break out of the pennant a break above this structure will be the signal to enter long on the pair looking for continuation to the upside.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
USDCAD 1.35454 - O.13% SHORT IDEAGood Day Everyone
A look at the USDCAD pair from mutiple timeframes
MONTHLY
* on the monthly chart we are still trading inside that ARC formation respecting it to the T,we are within a ascending channel as we saw the CAD gaining against the DOLLAR pushing down. seems like the bears a re still in control on the pair the sentiment is that we are bearish on the pair from the monthly perspective.
WEEKLY
* on the weekly we closed the week with a full bearish possibly signalling continuation to the downside from resistance level 1.36630, momentum is pushing to the downside on closing this past week looking for continuation to the down side on the pair.
DAILY
*on the daily we see the pair respecting the fibonacci retracement structure to an extent, we just pushed below the 50 % fibonnacci level looking for the move to continue.
the signal to go short on the pairwould be if we trade below that previos swing low and if we see significant moves and gains in momentum to the downside.
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT