BTCUSD - Price that I love to load my holdings of BTCBTCUSD had a lovely pump couple of days ago, fueled by the awesome new from China's Govt that we should all "Seize The Opportunity" to get Bitcoin. It is rare for the Chinese Top Official to issue such a bold and clear statement to the public. Fundamentals for Bitcoin is solid with Halving just about half a year from now, things are getting exciting ;p
Being a strong believer of Bitcoin and Cryptocurrency, let me share my humble analysis with the TradingView community on BTC.
To start off, I bought some BTC at 7500 as that area shows strong buy interest. Big time frame at that time still looks like a downtrend and I am still hopeful to get more BTC at lower price. However, nobody expect the news from China (unless you know somebody which gives you the juicy insider tips.. heh), at least I am in and taken a nice position.
Now, to my charts. I have marked out the start of the move to be at 7550 region and also the consolidation area where BTC is likely going to base before making the next move. If it goes up and make new high, I am sure to say trend has change from down to UP and it will likely be parabolic run up to 14k easily. However, if it comes down, we have a good chance for the Bullish Bat to complete, coincidentally at my preferred buy area.
Things we can do now:
1) Play the base or consolidation bounce, however I will prefer to do only the longs and not short, I just cant bear to part with my precious BTC :)
2) Be patience and wait for market to show her hand, if it comes down, long it at proposed levels! If it breaks up, buy each pull backs to trade with the trend.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Multipletimeframe
H4 AUDUSD Short Term Shorting OpportunityLong term analysis for AUDUSD is Uptrend in general.
However there are always opportunities to go LONG and SHORT based on different time frame considerations.
Found a nice Bearish Bat on H4 on this pair and it is completing soon at Point D (0.68690). Different approach to this trade (Stop loss as required):
1) Short at Point D but note that there are basing action prior to D completion. Aim for TP1 full exit or partial exit and set SL to breakeven to protect the position. Full exit at TP2.
2) Let the pattern complete at D, look for bearish candle and sell the pull back.
3) Do nothing and let the price play out since this Bat formation may fail which create a buy opportunity (a strategy that I had personally tested out numerous times)
Ultimately I am looking to buy at the area if Price gets there... so shorting it down is just an alternative for traders who are looking for more trade opportunities.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
USD/CHF ShortHello Everyone,
This is my first Analysis being published. This is what I analyse from my point of view. The currency is FX:USDCHF
Weekly timeframe:
In the weekly timeframe I noticed a triangle ascending pattern. I'm predicting that this triangle ascending pattern will become a continuation pattern. Also the 200 Moving Average is showing resistance to the candlesticks.
Daily timeframe:
As for the daily timeframe, I also noticed a triangle ascending pattern.
Hourly timeframe:
In the 4 hourly timeframe I noticed a bullish channel. But I noticed that the pattern starts to break, and so I do not think that the trend will continue.
Minutes timeframe:
In the 30 Minutes timeframe I noticed a bearish resistance line in the RSI.
That's all I had seen from the chart, I hope my first Idea can help you. And please give feedback if I have a flaw in my analysis.
GBPCAS SS Short + 152 Pip PotentialPrice is below the Daily, 60 as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
PB Entry = 1.6315
Stop = 1.6335
Risk = 20 pips
Profit target = 1.6163 ( The projected daily low)
Reward = +152 Pips
RRR = 7.6 - 1
BO Entry = 1.6254
Stop = 1.6279
Risk = 25 pips
Profit target = 91 Pips ( The projected daily low )
Reward = +91 Pips
RRR = 3.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
My new book, The Gold Method Ichimoku is now available.
it is a step by step detailed explanation of my methodology
followed by a day by day application of the methodology
through the month of September.
please contact me for more information at FXGold54@gmail.com
GBPAUD SS short + 77 Pip PotentialPrice is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Trade Parameters:
Entry = 1.8233
Stop = 1.8258
Risk = 25 pips
Profit target = 1.8146 (the daily Kejun Sen )
Reward = + 77 Pips
RRR = 3 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
To all of those traders who have pre-ordered my new Book, you will receiving it this afternoon :)
Thank you for your support.
GBPCAD SS Short + 106 pip PotentialPrice is above the 60 minute and 15 minute KS but in the 15 minute cloud from below. This is a Type 2 trade with a High probability and good RRR.
Trade Parameters:
Entry = Sell a close below the 60 and 15 KS (do not sell now!!!)
Stop = ???
Risk = 25 pips
Profit target = 1.6248 ( The projected daily low )
Reward = + 106 Pips (approximately)
RRR = 4.24 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen
To all of those traders who have pre-ordered my new Book, you will receiving it this afternoon :)
Thank you for your support.
AUDEUR May Continue the Upward Trend: Long with a Tiny StopAUDEUR may have found the support and continue the Upward Trend.
Symbol: AUDEUR
Timeframe: 1H
Flexble Target Signal: The upper ribbons become Yellow or Red, which means the possible resistance works and it can be a good time to take profit or to stop loss.
T1: 0.6180
T2: 0.6195
Stop:0.615 - a tiny stop loss setup
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframe: Red - Green
Context: Long Timeframe Green
I appreciate your like or comment. Welcome to share your idea here.
PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
ETHUSD Possible Short OpportunityBearish Bat Pattern on the H4
As Harmonics Pattern mostly seemed like counter-trend trading with Completion Point D (the place you enter your trade order), a price stretched from Point C, where after passing Point B some traders may have the impression that a change in trend is underway. How I like to determine trend is based on a higher time frame than the one I am trading on.
In this example, I am placing my order on the H4 and this time frame gives me a nice looking Bat Pattern (visually the pattern does look skewed), therefore I consider trend using the the H12 or daily, sometimes I go even higher just to see the "Big Picture" that most people will miss because they are so fixated at the time frame they are trading at. It is important to go to various time frame so you know exactly where the trend is that will help you with managing your trade after entry. It is common to see traders getting solid entries but not sure what to do after that, not knowing how to exit the trade for profits or for loss.
I also look for trade that satisfy at least 3 of my strategies/methods to enhance the odds of the trade working out. Be very picky with your trades and dont fall victim into FOMO. Remember, skills and knowledge only accounts for 40%, the other 60% depends on your psychology and emotions.
Trade Setup:
Entry - Within the Sell Area (at Point D if you are more conservative)
SL - 206.5
TP1 - before 192
TP2 - before 184
TP3 - before 172
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
SS GBPAUD Short + 87 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.7891
Stop = 1.7816
Risk = 25 pips
Profit target = 1.7804 ( The projected daily low )
Reward = +87 Pips
RRR =3.48 - 1
** please be aware that UK GDP, and some other news, are scheduled to be released at 4:30am est., This trade must be troiggered with correlation across all the GBp pairs and must trigger by 3am est, or it is cancelled
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
Additionally, Thank you for all the support and pre-orders I have gotten for my new Book.
it is a step by step detailed explanation of my methodology followed by a day by day application of the methodology through the month of September.
As one of the bonuses for purchasing the book I am providing 4 days of live training. I am limiting the training room to 10 people and those who "pre-order the book will have a priority. I am already filling up the 3rd week of training. I have also been sending a great little bonus upon signup. The cost of the book is $54.95 and will be available September 30. If you are interested, please send me an email at FXGold54@gmail.com
GBPJPY SS Long + 102 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR.
Entry = 132.13
Stop = 131.88
Risk = 25 pips
Profit target = 133.15 ( The projected daily high )
Reward = +102 Pips
RRR = 4.08 -1
** Please be aware that US Non-Farm payroll will be released later this am and this trade MUST be closed by then. Trade accordingly.
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!!
Allen
CHFGBP Continues the Trend Long TradeSymbol: CHFGBP
Timeframe: 1H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: 1H: Red -> Green
Medieum Timeframes: 8H: Blue
Long Timeframes – Context: Green Series
Other Signal: Inverse Head & Shoulder. Structure Support
SETUP: Wait & Long Bullish Breakout the neckline
ENTRY @ 0.8359
SL @ 0.827
T1 @ 0.847
T2 @ 0.855
I appreciate your like or comment. Welcome to share your idea here.
PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
GBPEUR Potential Short Symbol: GBPEUR
Timeframe: 1H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: 1H: Lime -> Yellow
Long Timeframes Context: Light Red
Other Signal: Head & Shoulder, Rejected by Structure Resistance
SETUP: Wait & Short Bearish Breakout
SL @ 1.10851
T1 @ 1.0871
T2 @ 1.0821
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
GBPAUD SS Short + 143 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.7887
Stop = 1.7907
Risk = 20 pips
Profit target = 1.7744 ( The projected daily low )
Reward = +143 Pips
RRR = 7.15-1
2nd Entry = 1.7829
Stop = 1.7854
Risk = 25 pips
Profit target = 1.7744 ( The projected daily low)
Reward = +85 Pips
RRR = 3.4 -1
I would appreciate if you leave a comment or like as a thank you
Hope your having a great week !
Allen
GBPAUD SS MA Short + 60 Pip PotentialWe have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.8050
Stop =1.8070
Risk = 20 pips
Profit target = 1.7990
Reward = + 60 Pips
RRR = 3-1
**Once this trade is up + 25 pips, move your stop to breakeven and let it run
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPUSD SS Short + 95 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2221
Stop = 1.2241
Risk = 20 pips
Profit target = 1.2126 ( The projected daily low )
Reward = +95 Pips
RRR = 4.75 - 1
2nd Entry = 1.2192
Stop = 1.2217
Risk = 25 pips
Profit target = 1.2117
Reward = +75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPCHF SS Short + 142 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2022
Stop = 1.2042
Risk = 20 pips
Profit target = 1.1880 ( The projected daily low )
Reward = + 131 Pips
RRR = 7 -1
2nd Entry = 1.1952
Stop = 1.1977
Risk = 25 pips
Profit target = 1.1870
Reward = + 82 Pips
RRR = 3.1 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
H4 EURUSD Quick Intraday LongBullish Bat Pattern on the H4 approaching.
Entry: 1.1051
SL: 1.10120
TP: 1.1103
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
GBPAUD SS MA Trade + 75 Pips PotentialWe have a nice down move in this pair, so we will look to get in on a pullback on the Daily KS. This is an MA trade with a High probability and Good RRR.
Entry = 1.7884
Stop = 1.7909
Risk = 25 pips
Profit target = 1.7809
Reward = + 75 Pips
RRR = 3-1
**Once this trade is up + 25 pips, move your stop to breakeven and let it run
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
EURCAD SS Short + 117 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.4747
Stop = 1.4767
Risk = 20 pips
Profit target = 1.4630 ( The projected daily low )
Reward = + 117 PIps
RRR = 5.85 - 1
2nd Entry = 1.4699
Stop = 1.4629
Risk = 30 pips
Profit target = 1.4609
Reward = + 90 PIps
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPNZD SS Long + 178 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8880
Stop = 1.8860
Risk = 20 pips
Profit target = 1.9058 ( The projected daily high )
Reward = +178 Pips
RRR = 8.9 - 1
2nd Entry = 1.8950
Stop = 1.8925
Risk = 25 pips
Profit target = 1.9058 ( The projected daily high )
Reward = + 108 PIps
RRR = 4.32 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPJPY SS Short + 177 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 127.62
Stop = 127.82
Risk = 20 pips
Profit target = 125.85 ( The projected daily low )
Reward = +177 PIps
RRR = 8.85 - 1
2nd Entry = 126.48
Stop = 126.78
Risk = 30 pips
Profit target = 125.85 ( The projected daily low )
Reward = 63
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen