AUDCAD Setting Up for a 1,000 Pip Move?Hey hey.
My name is Kaci.
In this video, I complete a top down analysis of AUDCAD.
I take a bird's eye view of the longer term move in the market.
In this video, I use fibonacci retracement and extension tool to help me determine my bias.
Right now, I believe we are in a down retracement and price on the weekly has not hit one of our key levels, 38.2, 50. or 61.8.
However, price has hit an extension to the downside off of a shallow retracement.
I believe we may see a short term move to the upside before a longer term move to the downside.
What's your bias on this pair?
Multipletimeframe
ETH USDT: Buy Trade setup @ 3150Hello everyone, hope you are doing well.
Welcome to another trade setup as a part of "Aglogains - Daily Trade Series".
On the 1H timeframe we also see a three wick rejection, the price tried to break bellow 3090 3 times and failed to sustain the move.
My entry is on the 1H timeframe, after I observed a double bottom with a bullish confirmation.
Entry - 3150
Stop-loss - 3090 (60 points)
Take profit - 3230 (80 points)
1:1.33 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
MULTIPLE TIMEFRAME ANALYSIS/TOPDOWN ANALYSIS
What is multiple timeframe analysis?
What is a top-down analysis?
Most technical traders in the financial markets(crypto, forex, etc) whether they are novices or seasoned pros, have come across the concept of multiple timeframe analyses in their educations.
However, multiple timeframe analysis is often the first level of analysis to be forgotten when a trader pursues an edge over the market.
Multiple timeframe analysis involves monitoring the same currency/crypto pair across different timeframes.
While there is no real limit as to how many timeframes can be monitored, or which ones to choose, there are general guidelines that we should follow as a trader. Using three different timeframes gives a broader view of any market.
Using fewer than this can result in a considerable loss of data while using more typically provides redundant analysis and
indecision. When choosing the three timeframes, a simple method can be followed. this rule has been developed and shared among our students, be it day traders, swing trader, or position trader the rule is applied to help the trader pick his/her best timeframe for top-down analysis
XAUUSD PLANWe can see that multiple timeframes are aligning for a possible short on gold. We just need gold to break and close below the neckline on a daily chart. If it breaks we can dive down to smaller timeframe and find good entry with nice risk to reward!
If you have any questions on the analysis ,or if you want to see the whole analysis on monthly and weekly. Just ask in the comments:-)
Two Multiple Timeframe Analysis HeirarchiesThese are two examples I would recommend for traders to follow when analyzing charts through Multiple Timeframe Analysis. These from the top down or bottom up help separate price action patterns into fractals that give a meaningful difference for making trading decisions.
The mistake is using TOO MANY timeframes that do not provide a truly different glance at price action. Keep your timeframes separate to get the real story and remember... the Higher Timeframe is the Rule!
See video idea for more in depth...
STOP Doing This with Multiple Timeframe AnalysisThere is no right way to do something in trading... but there are wrong ways! I see new traders making this mistake with Multiple Timeframe Analysis and I want to point it out so that they can get better!
Check out my video where I first talked about Multiple Timeframe Analysis below (Two KEY trading concepts in one example)
EURUSD ENTRIES. Covered both buys and sells for max profits!Simple Price Action strategy that covers both buys and sells so you can never miss an opportunity. Remember small losses for those big gains.
Look on my 'about me' or my bio for more information if you want to know how this works.
Message me if you want to know how to utilize my strategy. This can be used on any timeframe that you prefer.
When resistance breaks (red) enter for a buy
When support breaks (green) enter for a sell.
Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south)
Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
EURGBP 0.85427 - 0.29 % * CONTINUATION PATTENRS & PRICE ACTIONHello everyone
Hope everyone is good having a good week in the markets... here's an idea on the EURO / POUND
* follow your entry rules on entries
* significant moves with the bulls change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
BTCUSD ENTRIES. BTC WILL MOON SOONAs the mini bearish trend (correction) for btc seems to come to an end, btc will look to hit support at the all time highs. I am very confident that BTC will surpass 60k and will not look back into the 40k and 50k ranges. But as we all know, nothing is guarantee, With my simple price action strategy you will be ready to go for any situation that hits you for max profits.
Message me if you want to know how and why my strategy works. Love helping yall achieve what we all want to achieve.
When resistance breaks (red) enter for a buy
When support breaks (green) enter for a sell.
Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south)
Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
COMMENT OR MESSAGE ME IF YOU WANT ME TO EXPLAIN HOW MY SCALPING STRATEGY WORKS FOR THE 15M-1HR TIMEFRAME
GBPJPY 5M and 15M SUPPLY ZONEI'm looking to go short from the red supply zone for about 5:1, maybe more. Now, there is a demand zone there at around the first target (T1). where I will have to pay close attention to get out if price shows signs of reversing, depending mainly on how price enters the supply zone. Also, it is going against the Daily trend, favoring the demand level at T1.
Is CCIV Ready to explode? Welcome back traders, it has been a while. We will dive deep into CCIV across multiple timeframes, and hopefully make sense of this. Please read the disclosure below. So many YouTube influencers (ZipTrader has been one of my favorites lately) have already explained why this sold off so viscously, so that won't be covered here (you should definitely check it out if you do not understand this already.)
Our cover chart today displays weekly candles, and it tells us plenty. From 2/16/21-present, we have watched the RSI drop from 99.5 to 52.18. In other words, the SPAC media-hype bubble finally popped. This is very common with SPAC plays. The February highs were unsustainable, and the profits were taken. I cannot iterate enough that this is so normal with SPAC plays, the gut-wrenching selloffs certainly are not for everyone (okay, my panic sell rant is over.) Our Fib Retracement from high to low gives us a .236 level of $22.95, and weekly candles above this level will likely indicate a reversal of this downtrend.
The Daily chart gives us so much more guidance. We are seeing support from the 65D Simple Moving Average (SMA), and stagnation between the 65SMA and 50 SMA. Although it is too early to tell currently, this very well could be the accumulation period prior to the break out. Also, the T3-CCI indicator has transitioned from decreasing to increasing, which is a bullish sign. With an RSI of 39.97, this is arguably oversold (many analysts want an RSI under 30, but given the volatility, it will almost definitely not be a perfect TA fit.) Lastly with this chart, the 9 SMA is decreasing less since March 5, which could be indicative of a reversal as well.
CCIV really starts to shape up on the 12h chart above. The Bollinger Band Squeeze is beginning, which can indicate a big price move either way. The Visible Range shows us three high volume nodes, which I will be monitoring heavily as potential price targets. The 9 SMA is at $23.77, which we need to watch closely as a support/resistance level over the next couple days. Additionally, we are seeing early convergence on the MACD, which is a bullish sign.
Lastly, we have the 4h chart, and we saved the best for last! We see the early start of an inverse H+S pattern with a base at $32.57, displayed above. Although we are very very early in this pattern, this would indicate a MASSIVE MOVE that could easily 2x from current prices, according to this pattern (this is not trading advice.) On the 4h chart, we can see more precision, within our BB squeeze, with volume, and possible accumulation, compared to our higher timeframe charts.
Conclusions
As we wrap it up, I would like to thank everyone for reading, I welcome your feedback. It is important to understand this is a bullish prerogative, and the ideas presented above are very early in their formation, which leads to increased risk now, as opposed to waiting for confirmation/validation. If I am wrong and these levels break, we could see lows around $17-$18. I think many analysts will agree that prices below these levels would be odd unless we see further market crashes or significant production setbacks. I hope this is helpful, please read the disclosure below and good luck traders!
Disclaimer
This is neither trading advice, nor financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any loss or damages.
EUR/NZD shortsEUR/NZD has been in a downtrend for a very long time, so we are looking for shorts. Price broke out of a key support level, around 1.65430. We can expect price to retrace back to this level, and we can take a sell after conformation of trend continuation. This key level also is also 61.80% fib retracement level, which adds another confluence for a short around this level.
USDJPY DAILY TRADE PLAN- the friday is closed below the res 1st by pin bar, it mean reject this level
- the pin bar is nice after strong momentum. the price will pull-back around the sup 1st or test demand zone 1st or 2nd
- Pls review the volume, you can see it's increasing and specially the doji bar. it mean the shaker didn't want the price is go down more, they stockpiling when the price is tested the prior support˙
AUDUSD H4 LONG TRADE FOOTPRINT SHARK- H4 you can see the head & shoulder is formed. This is reject the support 1s level
- The volume is increase when the price is strong go down. the shark is kill retailer investor by hunt stop loss around support 1s
- the question is why the price does not go down to test support 2nd, and why the friday is go strong up. because the shark will trap the retailer is trying short sell and the next monday, we see the strong up, the retail is trapped again because the price will go down to kill both short and long. the shark is market maker.
- we will wait the price to test and if the price action is formed, we will place order
- if you move in the daily chart, you will see the big bull bar close a little above the support 1 st level. this is nice set-up to trade, and this nice set-up to kill retailer investor
EUR/USD - Range broken to the DownsideBears continue to take control of this market as price breaks to the downside. Could we see a retest of previous support before further movement to the downside?
We forecasted a break to the downside because it was in line with our HTF directional bias on the pair. For more - just drop me a private message!
Updated Wave 5 to Wave 3 and New TargetWe are updating our wave count to the start of a Wave 5 up of an ascending impulse... previously we were looking for a wave 5 completion.
Price retraced to the .236 fib retracement and bounced perfectly.
Our daily momentum is bullish. We received buy signals from our indicator.... but we have entered no trade.
For our trading plan, the weekly PUMBA momentum must reverse from bearish to bullish for alignment.
Waiting for the clear entry signal to enter 2 trades.
XAUUSD Upcoming Buy Trade Free Signal!Hello fellow traders in this chart I analyze gold on the 1 hour time frame but it extremely important to know that if the candle sticks do not continue up to my entry buy line I will not be taking this trade. Currently we are waiting for confirmation with this trade. Were looking to see the candle sticks show a strong push off the Fibonacci levels and head towards our extension levels. Gold long term has been going up for a while and especially due to the stimulus packages coming the value of the dollar will surely fall leading to a long term buy in the market anyways. So keep your eye out for this trade and many more to come.