USDJPY Long IdeasHello there,
Price is forming Symmetrical Triangle in Weekly Timeframe. There's a opportunity to go Long for pair. Since the price was just bounce off the demand zone + lower Triangle line, we need to wait for another confirmation to entry, there's a possibility for price to either Reverse or Continue in the H4 Swapzone. So it's better to entry AFTER the price reacts to the Swapzone.
There're 2 possibilities to entry.:
1. If price forms Continuation Pattern in the Swapzone, then it's a good sign to go Long.
2. If price forms Reversal Pattern in the Swapzone, we can either entry at the Trendline or Demand Zone
Target Profit is at H4 Supply Zone. RR is unknown yet.
Cheers!
Multipletimeframe
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
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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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
EURUSD - Swing Trade ideaEURUSD we are creating higher highs and higher lows on the Daily, which indicates that we are in an uptrend, so we are looking for buying opportunities. However we don't want to buy just anywhere. Buy low & Sell high. Prive has just reached a sensitive point from where we saw a major rejection around 2 months ago. I am expecting price to create a retracement from this area into our daily flipzone (the green box) where i will be looking for buying opportunities to continue the move up. I have also set out 2 different take profit levels that we can look at. If we move down to the H1 chart and we see lower lows and lower highs are being created, then we can look to sell into that daily buy zone as this will indicate a short term downtrend. However don't just sell at the top, wait for a short term downtrend to form on the H1 chart.
DHT Upward trendlineDHT bouncing off of trendline for the third time. The 5 min chart is showing a descending triangle, which is technically a bearish signal, so I am going to wait for a bit to make sure that the price holds above the trend line. I hope to get in below $6.40.
I'm willing to risk about 4.5% on this, which gives me a risk to reward of about 6.5 if all goes well.
Multiple TimeFrame Analysis AT&TAT&T stock look likes it ready to make a huge move to the downside =.
It appears to have shown several sell signals, informing that there is a lot of bearish pressure.
I have analysis of several different time frames, like comment and follow.
I'm open to all differing opinions, maybe you see something I don't, if so feel free to drop a comment !
Multiple Time Frame AUDJPY SHORT
Weekly Time Frame
Price retested the former low on the weekly timeframe, and met resistance
Price also respected the 61.8 fib level
Price formend a shooting star/bearish hammer candlestick pattern
Daily Time Frame
-Thursday candle closed as an indecision candle (showing the possible rally was coming to an end.
-Friday candlestick was a large bearish candle further confirming the end of the rally and retesting the double top
- waiting for price to pull back and then i'll enter a short
4 Hour Time Frame
-Price ended with an indecision candle after a strong move to the downside
-I'm expecting a short lived rally to the 69.20-69.50 area, that's where I have a sell order placed.
AUDJPY also has a strong positive correlation with SPXUSD and i'm also bearish on that (check my SPXUSD idea, posted yesterday)
EURUSD - ShortChart patterns on all time frames suggest that the pair in bearish mode. The price broke thorugh significant resistane level but regained to an extent however, technical indicators and price action suggest that the price of EUR will be in bearish mode.
Take position around 1.08250 with 1st TP @ 1.07650
Mulitple TimeFrame Analysis IBM Possible Swing Sell
Monthly
- a strong downtrend since April 2013
-price has made and consistently respected the parallel channel
-there was a huge move to the downside the previous 2 months, and price has rallied the month of april
-current price is respecting the 50 fib level with 9 days left in the month (could possibly end up closing at the 38 fib level
Weekly
-the previous week ended in an indecision candle after a decent push to the upside (i'll take that as a bearish candle, signaling price exhaustion)
-im expecting price to fall to the demand zone and form a double bottom (i'll look to enter a buy there, MAYBE, we'll have to see)
- if a double bottom does form, half of an inverted head and shoulders pattern would be complete)
Daily
- a double top formed
- price barely closed above the previous day high with a long wick above showing some bearish pressure.
USD/CAD buy opportunity everything is explained on the chart but i wait for a good confirmation on 1H chart to get my execution.
SL would be under second fibo zone because if that level breaks it means it's a fake out.
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I'll be glad to know your opinion in the comments.
This is just a bit of financial advice, do your own research too.
Buy GBPAUD Multiple TimeFrame AnalysisAlthough, GA is currently strong downtrend overall, it has presented a current buy opportunity.
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The weekly time frame, there was a hugh sell of last week. And after a big push to the downside, this week candlestick is ending in a doji. It has respected and found support at th 38.25 fib level. It appears that it is time for a nice size retracement.
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found support at a daily demand zone
double bottom pattern formation
it appears it will end the day in a hammer candlestick
it has also found support/respected the trend line
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it appears there is a double bottom, inside of a double bottom and another double bottom is forming inside of it (refer to the image)
-you can also make the argument of an inverted head and shoulders pattern
it has also found support/respected the trend line
US30 Short IDEA - Multiple Time Frame AnalysisLooking at the 4hr I'm seeing 2 clear bearish signals a Bearish Rising Wedge can be seen ( Higher Highs, Higher Lows) and a Regular Bearish Divergence on the RSI. Break it down to the 1hr and a Head & Shoulders pattern can be seen, the right shoulder isn't 100% completed yet but this is my take on future price movement. On the 1 hr price can be seen pushing out of the Bearish Rising Wedge formation as well. Down to the 15m chart another pattern can be seen, the Pennant formation is a continuation of the trend, in this case would be the downward movement from the rejection of the Resistance. Currently hoping the 15m pattern holds and continues down to confirm my idea. My targets are the FIB Levels below.
USE PROPER RISK MANAGEMENT US30 CAN WIPE EVEN THE B"EST TRADERS ACCOUNTS EASILY
PLEASE GIVE A LIKE AND FOLLOW FOR MORE IDEAS, DM PERSONALLY IF YOU WOULD LIKE TO LEARN MORE! OPEN TO COMMENTS< OPINIONS AND SUGGESTIONS! THANK YOU
USD/CAD Long Idea - Multiple Time Frame AnalysisOn the Daily/4hr a Descending Triangle can be seen. Started forming over 2 weeks ago. Well boys and girls, the breakout is near! Long or short? Let's take a look. The current trend is bullish, though a descending triangle is Bilateral, a continuation of the trend is highly likely. Let's go down to the 1hr and see what the lower time frames look like. Right off the bat I see price is making Lower Highs and Lower Lows (a falling wedge) as it pushes further into the wedge. A Bullish Falling Wedge is where the pattern forms from a downtrend, in this case the descending triangle on the daily, and reverses the trend in the opposite direction. Also confirming a long from the descending triangle on the higher time frame. Last but not least I check my RSI and see a Regular Bullish Divergence indicating a reversal as well. I don't have an entry on this one yet, as is can range in the wedge a little more but this is definitely one to watch!
Give me a like or follow for more ideas! Comments and opinions are welcome, always willing to learn.
AUD/USD long opportunity price breaks the corrective trend line and now is retesting a psychological level and fibo zone and creating a morning star formation
it has good Risk/Reward
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If you liked the idea click like and follow to see more upcoming updates.
I'll be glad to know your opinion in the comments.
This is just a bit of financial advice, do your own research too.
GBPUSD Intraday Risk Bets PlanI feel like this pair has some room upward and I have checked it on multiple time frame where it's only pointing me out that there is still some room upward. I am well aware of this major pair broad picture and it's trying to shift trend on higher resolution from bullish to bearish (knowing the fact it's overall bearish trend for higher time frame due to some fundamental cases). Sometime things doesn't go straight forward and even if it had to fall in future days it will obviously fall but after hitting some key level at ceiling which is why i'm saying it might have some room upward.
USDJPY Intraday Plan: W formation Spotted!Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation ( double bottom: reversal pattern ) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind with taking proper risk management in play if you ever plan to take this idea. Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)