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.
Multitimeframe
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
Ichimoku Analysis of S&P 500Monthly
Price above monthly Kijun and Kumo
current monthly candle is forming a Doji
Weekly
Price above weekly Kijun
Price in Kumo since 4 weeks, explaining the monthly Doji
Daily
Price above the Daily Kijun and Kumo
Price in Kumo since 4 weeks, explaining the monthly Doji
The sentiment analysis is still bullish on the the different timeframes. However we have multiple elements that may point to a trend reversals: weekly Dojis, the weekly Chikou that has tested twice its Kijun without success.
Also, an interesting thing to note is that all Kijuns are almost mixed together in the 2790-2830 range. This could lead to a powerful multi-timeframe bearish signal in case of breakout.
USDCHF AnalysisWe’ve seen a sharp movement upwards from the beginning of march. We then saw some profit taking and price retrace to a key Fib area where bulls took over again bringing price higher again. What we are now looking for is if we can close above this highlighted area to confirm further upside. If price is unable to close above this area, then we will be looking for sells. As usual, we wait for confirmation from markets and stay patient looking for entries.
GBPUSD could make a push upwards to follow the trendAs seen on the chart, GBPUSD has hit support and I expect it to bounce back up.
RISK: Medium to High
Why: Because the candles at this point are still weak and it has hit the support before the trendline, which could indicate that it's not going to follow the trendline anymore, or it could go back down hit the trendline then bounce back up.
EUR/AUD Bearish Vision by ThinkingAntsOk4H CHART EXPLANATION:
After breaking up the Resistance Zone, price started moving sideways. It has recently broke the Bottom of the range, consolidating below on a pullback to the zone and breaking it downwards. Our short term target of this movement is the Confluence Zone between the Support Zone and the Ascending Trendline. And, in case this zone is broken, then the Long term targets are explained on the higher timeframes.
DAILY CHART ANALYSIS:
BTC Bearish BIASTrying to establish bias on BTC through multi time frame analysis that would warrant taking a short position.
When all time frames are telling the same story then we should have a strong conviction and bias to that side.
As shown in charts I am waiting for a convincing break of that strong support to confirm my higher time frame
bias. Entry trigger can be on lower time frames still ( H1,H4 ) depending on strategy and setup.
I am patiently waiting for my trade idea to start playing out. If I dont see what I want to see then I dont trade.
I am prepared to accept that my trade idea is wrong if it goes the other way in which case I will re-evaluate and
look for opportunities that tick all my boxes again once they present themselves.
breakdown under uptrendon the daily chart usd jpy is in a downtrend, has been retracing for the last week tho
connors rsi was greater than 80 which in the past indicated good short entry signals (idea for quant journal test the accuracy rates of indicators on each symbol)
hitting resistance at 108.282
broke under the uptrend line indicating weakness in the trend
setting stop loss at 15 pips
Take profit at 15.6 pips
usd news at 945
wait for update
Multi time frame analysis for Bitcoin, top pattern incoming?Bitcoin now near the previous high ~ 14000, I'd like to have a multi time frame analysis about bitcoin, and I will try to describe what's the best option for traders.
Weekly Time frame:
For the weekly time frame, I'm rarely seeing two green candle stick after the shooting star pattern with huge volume. weekly RSI running in overbought long times, I'm expecting the price & RSI drop soon. and from the volume observation, we can see the volume decreased over time, which is not a good sign for bulls.
Daily time frame:
For the daily time frame, the price and RSI divergence observed, and volume decreased over time, this is a possible double top scenario, and the second top maybe lower than the first top since lose interest for bulls from the volume indicator. if the double top formed, we are expecting huge sell off incoming. ~8000 support maybe tested later.
4H Time frame:
In the 4H time frame, we can see a clear uptrend support line, and another uptrend support line slope increase but failed to hold by today. I'm expected a top pattern to be formed in 4H time frame also, first scenario : double top:
and the ~12000 uptrend support line is the most important support to hold for bulls. watching closely.
second scenario: H&S:
For 1H and 15mins, I will left to waiting for the 4H show weakness and find best entry point.
Thanks for your time, if you'd like this idea and hope more contribution from me, pls like!
waiting for Sell limit to get active on EurAudits all about knowing the direction I have a short bias on this pair according to higher time frames but waiting for the price to reach where i can get a good RR ratio, you can enter at this price for a 1 to 1 RR ratio tp on 27% Fib ratio but its better to just for for the sell limit to get activated as we have missed on the first wave
GBPJPY long!!!this is the process how i find my trades coming down from monthly and mostly break out trades the last few trades didnt go so well due to so many news and gaps in the market but this month we will recover and get back on track. when you want to find MACD breakouts the reference points should be the last divergence that reversed the market the soul strategy comes from VDUB you can check his strategy and channel but i do combine a few methods that ive learned during past 7 years of trading.
DXY - Weekly - Multi-Timeframe Analysis Series 1Continuing with another episode of Multi-Timeframe Analysis Series 1, I'd like to break down the DXY.
The DXY being weighted as follows:
EUR - 57.6%
JPY - 13.6 %
GBP - 11.9%
CAD - 9.1%
SEK - 4.2%
CHF - 3.6%
As you may imagine, there's a lot more interest in using the DXY for a correlation / confluence tool when trading the EURUSD. The EURO equates to over half of the overall weight of the index, meaning there's a majority interest in the EUR vs USD.
We can use this to our advantage, alongside the USDOLLAR INDEX, to add positive or negative trade factors when considering positions across USD pairs and commodities.
Comments
Looking at the Weekly timeframe gives us a different picture to that on the Monthly. We a low-test candle printing into the 20/50 EMA wave, this indicates a possible continuation to the near-term levels of 97.40 region. If we did see this push to the upside, it's change the formation on the current Monthly candle (and potentially the overall outlook shared within the Monthly breakdown). Thinking in terms of the longer time horizon, if we see a break of 97.80 I think it's possible to reach the realms of 100.
Key Note
The Weekly and Monthly are conflicting, which can often be a sign of the overall bias changing from beneath the surface. The smaller timeframes turn quicker, and when they align, this can change the direction gradually on the higher timeframes.
AUDUSD - LONG - Waiting for more on the DAILY M - Price is currently stalling at a historical S/R level at 0.70700. There is not a strong reversal yet, so that is something to keep in mind when analyzing this pair, but price is still currently sitting at a key level.
W - Price has formed a triple bottom at key S/R. There was a small bullish bar that closed last week that is signaling price action may be continuing to hold this historical support.
D - Price action is still within a short-term bearish trend. There is no bullish price action just yet and I will need to see more to consider this pair for a long trade.
T1 - Weekly 20 ema
T2 - Weekly 50 ema
Summary: The daily still needs more development and the two main scenarios that I will be waiting for will be either a breakout and retest on the daily chart making a new higher high and higher low (trend change), or for price action to hold the 0.70500 level and present an intraday entry to the upside. The latter option has more risk to it, but it would be the first possible to get in on this position for a longer-term move to the upside. The risk being, trading through the daily 50 ema and still yet to have a full trend change on the daily chart.
NZDCAD reversal and now channel#Multitimeframeanalysis : On the weekly chart we can see price reacted to the trendline already connecting with 3 tops. The #pinbars support the idea that price is moving away from the trendline.
On the daily chart we can see support got broken and is now acting as resistance also making lower higs and lower lowes.
In todays post I want to sow you how I then identify my entry, #takeprofit and stoploss. #supportandresistance are located around 0.89200 and 0.91200. Also 0.90200 is some kind of support/resistance within the channel. These levels would act as stoploss levels (depending on the direction you're taking the trade). Also a take profit can be set near these levels. Maybe a TP1 and TP2 can be set around the bottum, or top and middle of the channel.
Now that you know these levels you can decide how big your position can be based on the formula:
accountsize * 1-2% * distance to stoploss = #lotsize
Once price breaks out of this channel new analysis and indetification of support and resistance levels is required.
Bullish AUDUSD, first stop 0.74000#weeklychart : Like most major #currencypairs the #AUDUSD moves in clear waves and @priceaction is easy to read. Here we can see that price seems to have shifted from a Downtrend to an uptrend.
#dailychart : When we thought AUSUSD reversed it came down one more time. After that we can now see higher highs and higher lows again so the trend on the daily chart for now is up.
#4hourchart : Here we can see price is puling back into previous resistance forming support. Making higher highs and higher lows along the way this picture is showing obvious #tradingopportunities with great #riskreward
#forexsignal : I'm still bullish up until 0.74000 where a major resistance will likely cause price to struggle.
$MCD - Sell opportunitySymbol: $MCD
Prediction : Short
Daily : The price break the last lower low, with a bearish run, it breaks the trendline, now it's time for a pullback.
4H: The price breaks the EMA 50, it start to consolidate on a support.
1H: I wait a pullback to come near the 61.8% zone and the last support which is now a resistance.