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USDJPY 107.486 -0.01% LONG IDEAGood Day Everyone Here's a look at the USDJPY pair from multiple time frame perspective MONTHLY * On the monthly we are trading in a descending triangle pattern ranging within the structure no straight forward decisive direction on the pair we have a bearish candle forming as we continue ranging within the structure. WEEKLY * On the weekly the pair takes some shape in direction to an extent as we saw another bounce or rejection at 61.8% Fibonacci level the pair is rallying up as the jpy gained against the dollar targeting that 50% Fibonacci level as we determine a bullish sentiment on the pair we might just pull back before continuation to the upside. DAILY And as we enter the day chart we see a rejection just above the 38.2 % Fibonacci level as the US remains the safe heaven for investors-possibilities of a push down are still in the cards but looking for long positions on the pair _________________________________________________________________________________________________________________________ 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
Long
by PULEMokhothu
EURUSD 1.12434 +0.04 % LONG IDEAGood Day Everyone Here's an idea on the EURUSD pair a look at the pair from multiple timeframes. MONTHLY * On the monthly timeframe the pair went up and was rejected at 50% fibonacci retrancement level pushed down to bounce just below the 61.8 % fibonacci level currently the sentiment is still long on the monthly timeframe even though we pushed down a little we are still i a descending channel looking for the pair to push up for a retest of the structure above. WEEKLY * The sentiment is still the same but now the structure starts to get clearer as we are in a descending triangle structure which may signal a continuation to the upside supporting the persoective of the bulls coming into play in the coming week. looking for the pair to rally up. DAILY * The sentiment is still the same we have a pennant formation now trading in a descending channel posiibly signalling continuation as well targeting previos high looking to the left * The 4h chart and lower timeframes are perfect for entries its important to wait if you are not an agressive trader and want to hold the trade swing, look for confirmations and strong sentiments to support before entry. thank you and lets see how it goes. THE IDEA IS IN PLAY ONCE WE SEE A BREAK ABOVE STRUCTURE AND A COUPLE OF MORE CONFIRMATION. _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 1.13181 TARGET 2 - 1.13515 TARGET 3 - 1.4500 __________________________________________________________________________________________________________________________ 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
Long
by PULEMokhothu
EURUSD 1.12747 +0.52% LONG IDEA MULTI TIMEFRAMEGood Day Everyone Here's my idea on the EURUSD pair should we see a break to the upside on the descending channel/ pennant on higher time frames. * from the weekly chart on the pair it broke out of a descending channel and pushed up consolidating in a pennant formation which may signal continuation to the upside. * on the daily chart waiting for a break above the descending channel / pennant targeting resistance level 1.15911 swing. * if the descending channel holds the trading plan changes but for now looking for a break above as most time frames are signalling bulls favor. ______________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 1.13680 TARGET 2 - 1.14984 TARGET 3 - 1.15911 ______________________________________________________________________________________________________________________________ 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
Long
by PULEMokhothu
GBPUSD 1.23394 - 0.71 % MULTI TIMEFRAME IDEAGood Day Everyone Here is a multi time frame idea on the GBPUSD pair, its been a down week for Sterling once again on rising BREXIT fears, some bad economic data from the U.K and the pandemic issues putting pressure on risk assets as well. The Dollar has maintained its strength against the pound. * On the monthly we pushed down to close on a pin bar / hanging man. * The weekly chart we see a retest of an ascending channel after previous breakout, a bounce of support level 1.23964 closing the week with a bearish pin bar. * The daily chart retested the ascending channel as well holding the small descending channel at 61.8% Fibonacci pushed down to close just above 50% Fibonacci level > looking for some correction or retracement at 50% Fibonacci a retest of resistance level 1.23848 then continuation to the downside as most time frames favor a bearish move . looking for short entries on the pair... _________________________________________________________________________________________________________________________ TARGET 1 - 1.22661 TARGET 2 - 1.21723 ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT ________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea on the pair in the comment section.
Short
by PULEMokhothu
Pump or dump ? Personally im in short to 8800 as first target, but there is a chance to pump here ... Breaking this wedges means 9600 ... 4h made a bullish hammer and bearish hammer rejected ... this is really war ... If you see daily here ... You can easily see that daily just start to fall ... Bearish hammer, rsi divergence, red macd histo and a lot of other signs ... I have to say it again ... Im worry about bulls ... If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.PShort
by AminHa4
4
NZDCAD in a critical zoneNZDCAD is now testing a resistance zone at 0.87800 which it has failed to break multiple times. Bears can look to short the pair now, with a stop loss a few pips above the resistance zone, targeting the local demand zone at 0.87100. Beyond that, targets may be placed further down if the local demand zone and supportive trendline fails to hold. There has been a lot of bullish pressure today, which may be what is needed to finally break the resistance zone. Entering a long position on a break and retest would be a safer alternative for the bulls. Please share your thoughts in the comments below and leave a like. Be sure to follow me for more ideas and analyses. Best of luck traders! *THIS IS NOT INVESTMENT ADVICE AND IS NOT IN ANY WAY INTENDED TO BE SUCH. THIS IS MERELY MY VIEWS ON THE MARKET AND IS FOR EDUCATIONAL PURPOSES ONLY. ANY POSITIONS OPENED ARE AT YOUR OWN DISCRETION AND AT YOUR OWN RISK*
by sharaafatm
Trading With ColorsHello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this. To everybody else who is learning as well, this script essentially serves to introduce other time-frame moving averages. This intends to helps traders find the scope of relevance and not get lost in the current time-frame. Besides the colored moving averages (2 sets, different resolutions, great zoomed in our out), I included optional check-boxes to allow comparison of sets of moving averages at will, so that the most important to the individual trader can be compared and selected specifically. I kept the default options set to keep it clean. It likely won't be the only indicator on one's chart, so it's naturally best to reduce indicator noise from one, as to not subtract from the benefit of the other indicators. I integrated tons of acquired knowledge into this, so I hope somebody finds a missing piece to their collection or a solution to a coding problem within. I also hope this provides a new insight and helps others on their path to financial freedom. Best wishes. PS: I left some old code in comments in case it helps to understand the evolution of my code. I'll update this once it works on the Daily. You might figure it out before I do, in wish case, do share :)
by SnorkelSteve
1
Scenarios for EURUSD 10/06Fuchsia zones are HTF value area limits with supply zones from march, green zones are VA limits with demand. Flag movement with black line showing pole and rectangle showing flag. Looking for continuation once tests green dotted line at 1.1285. Exit at top of area 1.1379. 11/22 tick stop. If top gets tested first you could go for the pullback instead of continuation. Demand zone from yesterday shown at lower time frames (hence the green dotted line entry): Fib is just for kicks
by caiobortoli
GOLD- GC1! - XAUUSD - H4 - Weekly Analysis - ShortGOLD- GC1! - XAUUSD - H4 - Weekly Analysis - Short We are in a Major Bullish trend, but the price made a bearish reversal and we are now waiting for a pullback on the 0.382 Fibonacci Level to enter Short with the Trend. Our target will be the 0.236 Fibonacci level and second target the -0.236 Fibonacci Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 1702.00 | Stoploss: 1712.00 | Takeprofit1: 1682.00 | Takeprofit2: 1652.00 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support us, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
OANDA:XAUUSDShort
by Sami_Derti
1
DFT daily mapping - ETH looks healthy for long termdaily 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
3
EURAUD - SWING Analysis - Weekly & Daily - Bearish TrendEURAUD - SWING Analysis - Weekly & Daily - Bearish trend We have a major Bearish trend on the Weekly, Daily & H4 charts. On the Weekly chart, we have a Shooting Star that shows us that the bears have taken the lead, if the price stays under the trend line we will be looking for SHORT Trades but if the price break the bearish magenta trend line and close above it, this will show us that the immediate bearish trend could be over. We consider entering SHORT after a bearish breakout under 1.6600 with as target the 0.786 Fibonacci Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 1.6600 | Stoploss: 1.6725 | Takeprofit: 1.6350 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Short
by Sami_Derti
Short scenarios for NQHey guys, gonna mix a little and try to share some index ideas. Not sure if I'm gonna post it everyday, yesterday just didn't have time to post bond ideas haha but I want to share and hear opinions/suggestions from you. I'm very short biased because we failed 2 times to seek value higher. if overnight balances below 9378 I'm looking for a pullback at cash. Entry, stop and target prices at the scale. Might as well look for signals in the tape if it opens above it. It could serve as Line in the Sand, do a false breakdown and reverse up. Yeah I know, not much prediction of direction at this price, but what matters most is that it's a region with an edge. once you find the most probably direction, you have a long move waiting for you and a tight stop. That's the advantage of Lines in the sand If it never gets a test in this area at cash, target price (green dotted line) could be a long entry because ON would be overextended down and it's limit of higher timeframe Value Area. Also little demand zone at lower timeframe. Another possible pullback test to push back lower is at little value area + support zone @ 9510. entry, stop and target on scale aswell.
CME_MINI:NQ1!
by caiobortoli
T-note scenarios for 27/05We moved away from previous 2-day balance (medium yellow box) at overnight and bounced back and forth previous demand zone at cash session, so it lost it's strenght. Removed it from the chart then included longer time frame value low in purple at 138'26. We can see that market has been rejecting value higher so far (tails and bottoming shown by red arrows) but as long as we stay between purple line and last big supply at 139'08 there's no definition of higher TF trend. Possible moves for next days are drawn in red and green. Scenario 1: We could play between these zones, for sure, as seen in blue line. it's a big range for day trading. There's a low volume area at the cumulative volume profile (right) just above previous day value area (smaller yellow box). If overnight keeps balancing a little higher than that and we get a extension lower at cash open, could be a risky long for continuation at 138'30'5/31. Target at 139'07/08. Scenario 2: 139'08 could be a short play if it gets the same bounce from overnight first. However I'm shifting to long if it breaks since it's LIS for initiative move lower Scenario 3: Market returns to previous day's value. Won't do anything. However, since market kept building volume towards purple line, this became my LIS for shifting from neutral to short. Will wait for it to break then sell pullbacks, target at 138'16, supply zone near bottom of macro value from couple months now. I got shaken out ZB as you can see from my other idea but I'm still long at 27'5 in ZN so I'm hoping we get at least scenario 1 or 2 so I can get out hahaha
CBOT:ZN1!
by caiobortoli
DFT H4 mapping Multi UT - Possible bearish scenarioH4 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 Current idea: We will currently land to the MA128 (pivot) in red after sliding this small green bell. The MA is ascending the a retest upward is most likely to occur for now. If the test failed and the price cut down below 9100$, I will follow the current mapping with entry in de risked area. GL
COINBASE:BTCUSDShort
by Mr_Gesier
GBP/CAD STRUCTURE MULTI TIMEFRAME ANALYSISThe pair has reached an important horizontal structure on the daily timeframe. It is now trading in a narrow range on the one hour timeframe in indecision. Wait for the breakout to either side. If it breaks out higher, above the resistance in the blue, wait for the retest and go long. If it breaks out lower, then, wait for a retracement and short. Both trades will provide a good risk reward profile. Possible Targets for both long and short are outlined on the daily chart by the dotted line and are named resistance and support respectively. Like and subscribe if you like my analysis. I really appreciate your contribution. Wish you all best of luck in your trading.
Long
by ProSignalsFx
11
AUDUSD ALEXANDER ELDER 3 SCREEN TRADING STRATEGY As the name of the Elder trading system suggests there are three “screens” that we apply to every trade. The three screens used by Alex Elder can be summarized as follows: First Screen used for establishing a trading bias. The second Screen applies technical indicators to identify retracements against the trading bias established earlier. The third Screen is used for timing your entries using short-term breakouts in the direction of your trading bias. As you can probably tell, the Alex Elder trading rules involve the use of multi-timeframe analysis. The first screen starts with higher degree time frames and subsequently we downgrade our time frames lower as we progress with the 3 screens. In total, trading Alexander Elder system involves using three different time frames: The long-term trend – Alex Elder calls this as being the tide The medium-term trend – this trend is also known as the wave The short-term trend – it’s also referred to as the ripple Elder Trading System – First Screen According to Dr. Alexander Elder’s rules, the first screen starts with a time frame bigger than the time frame you’re looking to trade. For example, if your preferred time frame is the daily chart, you first start by looking at higher time frames like the weekly chart. This is the chart where you’re going to apply the trend-following indicators to establish your bias. If the trend is up, we only look for buy signals. Inversely, if the trend is down, we only look for sell signals. By going through this process, we can filter out trades against the primary trend. Elder Trading System – Second Screen Dr. Elder trading rules recommend downgrading our time frame lower. If during the First Screen we used the weekly chart, the next lower time frame we can use is the daily chart. Now, we look for price movements against the tide. In other words, we’re waiting for pullbacks or what Elder system calls the “wave”. Learn the most profitable approach to profit from pullbacks HERE. This in return will help us spot good times to execute your trades. The Elder trading system uses oscillators to identify these price movements against the tide. For example, if the weekly tide is up, then we’re looking for the oscillator to identify when the wave is down and that’s when we buy. On the other hand, if the weekly tide is down, then we’re looking for the oscillator to identify when the wave is up and that’s when we sell. Elder Trading System – Third Screen The Elder trading system refers to the third screen as the execution screen. Or, in other words, this time frame is used for better timing our entries. We have to downgrade our time frame lower. The next in order time frame is the 4h chart. When the trend on the third screen aligns with the trend of the first screen that’s the optimal trade entry. To time your trades, Alexander Elder uses a trailing stop in order to seize small breakout in the direction of the main trend. Basically, that’s what the Elder system is all about. Dr. Alexander Elder Rules on how to Use Multiple Time Frame Analysis The Alexander Elder trading strategy uses a technique to balance out the different information that comes from looking at different time frames. The Elder’s technique involves using a factor of four to six to classify his time frames. Let me explain… Alexander Elder factor of 4 to 6 can help us divide our charts into smaller units of 4, 5, or 6. The way to go about it is to first select your larger time frame (first screen) and then downgrade the charts lower by a factor of 4, 5, or 6. For example, if your first screen is the daily chart and we downgrade our time frame by a factor of 6, the next time frame would be the 4-hour chart. Four multiplied by 6, it gives us 24-hours, which is a day. Using a factor of 4 will require us to downgrade our charts to the 8-hours time frame. Now, to find your execution screen aka the third screen, we have to downgrade our time frames lower one more time. If we used a factor of 4, the next down in line time frame is the 1-hour chart. So, the 1-hour time frame is our third screen. Note* if after downgrading the charts, the exact time frame doesn’t exist, then as a general rule the closest one is used. This is the method used by Dr. Alexander Elder to select his time frames. Long Range - 1st screen Weekly - 2nd screen Daily - 3rd screen 4H Mid Range - 1st screen Daily - 2nd screen 4H - 3rd screen 1H Short Range - 1st screen 4H - 2nd screen 1H - 3rd screen 15m When to buy using the Alexander Elder Trading Strategy According to Alex Elder trading rules, the best moment to buy is when an uptrend has undergone a pullback and has started to resume the bullish trend. For this example, we’re going to use as the first screen the 4H chart. So, the 4H chart is used to determine the long-term trend. And, for this purpose, the 200-day moving average, which is the standard measurement of bullish and bearish trends, will be our trend filter. Check if the price is trading above the 200-day moving average to confirm the uptrend. The next step is to downgrade our time frame to the second screen. If the first screen used the daily chart, the next in line time frame is the 4-hour chart. The middle time frame is going to be used to spot corrections against the bullish trend. For this purpose, we’re going to use the MACD indicator applied to the 4-hour time frame. We wait for the MACD lines to rise from the oversold condition and the moving average slops have turned upwards again. Note* Dr. Alexander Elder recommends to use the Force index or another momentum oscillator to add more confluence. The next step is to downgrade our time frame to the third screen. If on the second screen we used the 4-hour time frame, the next in line time frame is the 1-hour chart. The short-term time frame is going to be used to time the market. However, since Alexander Elder doesn’t provide rigid rules for entry and exit, it’s time to reveal the Ace from our sleeve. For timing the market with great result, we’re going to use the Know Sure Thing indicator. On the 15m time frame, we wait for the Know Sure Thing oscillator to cross above the zero lines to trigger a buy signal. The KST indicator is great because it also signals burst in momentum. What does it mean for your trade? Simply, you get the chance for your trade to show a profit right from the start. Note* for sell signals the same trading rules can be applied but in reverse. Final words – Alexander Elder Trading System The Alexander Elder trading strategy can be used as a building block for your own trading strategy. The Elder trading system has the advantage of using multi time frame analysis to verify the market trend in several degrees. According to Dr. Alexander Elder, the single most important factor that will dictate your profitability is the quality of the records that you keep. We succeed in some trades and make mistakes in others. However, we can only improve our trading strategy only if we learn from both winning and losing trades. And, that’s why Dr. Elder believes that journaling is an absolute must as it makes you into your own teacher.
Education
by Tradingstrategyguides
14
EURNZD MULTI TIMEFRAME STRUCTURE ANALYSIS The pair has violated the downward channel it was trading in, and reached a massive structural resistance level. The current bet is that it will bounce from the level back to the channel line, which is the new support, as it had done many times before, proving the strength of the level. If not, then we will get stopped by a breakout. Wait for the breakout to get confirmed and go long after the retracement. Here is what the pair looks like on the daily timeframe. Guys, like and subscribe to support me! It really helps me when you do that. Every like of yours matters. Wish you all best of luck in your trading.
Short
by ProSignalsFx
3
AUDCAD - SWING Analysis - Weekly - on Resistane ZoneAUDCAD - SWING Analysis - Weekly - on Resistane Zone - SELL We have a bearish trend on the Weekly Chart that have broken his Trendline and made a pullback to the 0.50 Fibonacci Level that is now a Resistance Level. On the RSI Bollinger Bands we see clearly a Channel with a pullback on the Upper Bollinger Band that is reacting like a Resistance this gives us a good Sell opportunity to go with the Major Trend. Our Target will be @ the 0.236 Fibonacci Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support us, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Short
by Sami_Derti
short XAUUSD XAUUSD se ha encontrado consolidando utilizando la zona de resistencias como punto pivote, actualmente parece estar en camino a un tercer toque de un ending channel, si ese toque tiene confluencia con la zona azul, podemos buscar algun patrón de cambio en temporalidad menor para agarrar la bajada a los niveles de TP marcados con lineas blancas. XAUUSD has been consolidating using the resistance zone as pivots, now it seems to be on its way to the 3° test of an ending channel, if this happens in confluence with the blue zone we can go into a smaller timeframe to look for a reversal pattern and take advantage of this fall, the TP would be the white lines.
OANDA:XAUUSDShort
by OscarVelazquez
AUD/NZD WEEKLY CHANNEL RESISTANCE AND STRUCTUREThe pair has reached the resistance area of a massive downward channel it was trading in for the last 3 years. The resistance line is porous, and is more of an area though, which can be seen by the spikes of the weekly candle shadows spanning way outside the channel borders. The horizontal structure to the left helps us determine the potential area of resistance where the upward move can be reversed. I will be watching the price action closely to determine entry points. Guys, like and subscribe to support me! I really appreciate that! Wish you all best of luck in your trading!
Short
by ProSignalsFx
8