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Multitimeframeanalysis

EUR/USD: multi-timeframe perspective for the weekFirst of all, taking a look at the DAILY timeframe chart of EUR/USD, we may notice the inability of the price to break below the 1.065 - 1.068 area of support and a formation of a huge wick candle. What is more, an ascending channel can be identified and we can observe that the price is stuck in a consolidation box at the lower barrier of it. It's a "break or bounce" scenario at the moment, and we need to use the assistance of other timeframes in order to get further confirmations. Therefore, we are zooming into the H4 timeframe graph and continuing our analysis. The 1.066 area of support has been penetrated both to the downside and to the upside in the span of the past few trading days. Before the market closure last Friday, the price was able to impulse towards the North by breaking the previous Lower Low point. Technically, taking a deep look, we may notice that a Left Shoulder and a Head have been formed. Now, we need to see another Shoulder in order for our Inverse Head&Shoulders pattern to be completed and confirmed. Thus, we are having close eyes on the 1.066 area of previous resistance now turned into support that lines up with the 50% Fibonacci retracement level for entering long positions and aiming for the zone highlighted on the graph. One thing should be taken into consideration: ONLY IF the price manages to retrace the 1.066 level and form a solid right shoulder pattern, our BUY idea will be valid. We are gonna be reactive instead of being predictive. Hence, we will keep monitoring the price development and patiently wait for our entry criteria to be met before executing positions. No rush. Plot your zones and wait for the price to come to you. Once the price is at your zone, wait for your entry criteria to be met before entering the trade. Have a great trading week Investroy
Long
by Investroy
13
EURUSD Analysis + Recent Volatility EXPLAINED (Description) I have a Bearish Bias on this Pair. Trading Structure and momentum on this Channel. Check first Chart in Description to See what I'm looking at. Also, Included in the Description are two charts from Days Feb 1st ( Interest Rated Decision) and Feb 7th ( Fed Powell Speech ) These Charts , when compared and contrasted , are not much different. Actually they are quite the same. After news create initial volatility, Price is corrected nearly to the same price in which it begun shortly after, it may take 1-2 trading sessions or it could take only 1-2 hours. All relative.
Short
by ShrewdCatfx
EURJPY - Exciting SELL opportunity with big potential! 🔻As shown on the charts by multi-timeframe analysis, from weekly down to daily and hourly, we can establish a clear bearish bias for EURJPY. Noteworthy observations: - the liquidity pool on weekly timeframe is very obvious and price will eventually go for it, so I keep that in mind. - untested hammer head on daily timeframe is also very obvious and it usually acts as a magnet for price. Depending on how aggressive you want to be with this trade if it works out, entry could be a price action confirmation signal near the buy zone or a sell limit order. I will closely observe the price action near the first target and make a decision whether to close my trade there or adjust my stop loss to the second target. If I have a strong bias that price is ready to make a run on the liquidity pool, I may re-enter the trade after exiting.
Short
by TradingEdgeHQ
SPY Friday ICT Trading 1/27/23This is the truth. Another great trading day to cap off another green week. We are almost 3 weeks green and we have only learned ICT in about 3 weeks too. If that's not saying something, I don't know what will. Although every strategy can be profitable and profit is within every strategy. Important thing I remebered: "If there is no liquidity sweep, then you are still in trend" - ICT. What was the trend yesterday, what were direction were our objectives point to, what was weekly telling us? Bullish. That added even more confluence to the trade.
AMEX:SPYLong
by kaiz3nfx
USD/CHF: multi-timeframe observation. Where are we headed next?Looking at the Daily timeframe chart illustrated on the left-hand side of the screen, we may notice that the price has printed a massive DAILY rejection wick and failed to break above the crucial area of previous support that now acts as resistance. Zooming into the H4 TF graphic, it can be inferred that some sort of a descending channel has been formed and the price is currently located at the upper barrier of it. From here, we might head down and reach the recent Lows as plotted on the graphic. Executions should be made upon more confirmations and further price development.
Short
by Investroy
5
bitcoin. $25,000 or $12,000, which is earlier BTCUSDTHi all. Let's start the analysis with higher TFs. This will allow us to form a medium-term view of the BTC price movement 1M TF After the price filled more than 50% of the imbalance in the monthly TF, the price got a reaction. It is 12 days to the close of the monthly candle, but if the monthly candle closes exactly as it is now in the screenshot, then the monthly OB, which was formed in the POI, will be formed. 2W TF On the two-week TF, an order block has formed, which pulls liquidity away from the June low. An important support zone has been formed, from which the upward rally could continue. 1W TF On the weekly TF you can see the structure. The main structure is marked in blue and the sub-structure is marked in yellow. Plus, the marked orderblock on the weekly TF has been updated, which means it is losing its relevance. Considering that there is already a bullish orderblock on the 2W TF, it is possible to remove all of the substructure hives of the weekly chart. In addition, all of the previous orders on the weekly TF have already been tested, which means that their validity is questionable; they can both work out and be stitched (it is better not to pay much attention to them). Assuming that we have a range. And there was a deviation from the bottom, then it is logical to expect a deviation at the upper boundary of the rand. Especially if we consider the reaction from the monthly FWG, the formation of the orderblock on the 2W TF, and the fact that previous orderblocks have already been tested. Bottom line, the bias is more bullish. To work out this scenario, we need a continuation of the bullish orderflow of the 1D TF. 1D TF On the daily timeframe we observe a bullish OF. This growth was impulsive, during this rally, the price did not mitigate and after updating the old high, we should see a good correction. Personally for me long positions will be relevant in the area of the daily imbalance and mitigating block. If the price holds above 16,260 (there may be sweeps), the continuation of the bullish rally is quite realistic. If a long set-up is formed in this area on the daily or at least 4H TF, the scenario with the deviation at the upper border of the channel on the weekly TF is relevant. Targets The targets in this case would be HH 1D, the highs of the weekly TF substructure, the order block of the weekly TF (since it is a structural element of the weekly TF) and the filling of the monthly imbalance. There is no need to use this information "foolishly." Watch the price formation and watch your money management
by Patronofbargain
1
Bull flag on BTC?Hello. Possible bull flag forming on Bitcoin . Target around 24k . First resitance is around 22400-22800 (13th of september high) . I think 25k there will be more selling/profit taking if we even get there. You can see from the chart how 10EMA (blue one) has worked as support 3 times before when Bitcoin started its rise (marked with red arrows) . I believe it will work as a support until the price shows that it doesn't and breaks it (and stays below) . Possible risk reward is pretty good, almost 5 ratio . This is not financial advice. If you do take trades always use stop loss! First mistake novice trades do is not use them and gets their ass burned! Check out my analysis on 12th of january "why I think Bitcoin has bottomed" -Jebu
INDEX:BTCUSDLong
by PalenTrade
I think Bitcoin's bottom is inHello. We can see RSI has broken its ~1 year downtrending trendline from feb 2021 on 3D ( also on daily and weekly ). Tells about possible trend change . Double top from 69k and head and shoulders targets hasn't been able to met. ( Not enough sellers? ) Price was pressured down with 25EMA (yellow line highlighted with red arrows), and has broke it now. 18 500 is a strong resistance. If Bitcoin breaks 18 500 and stay on top of it, for me this FTX panic drop was to shake people out and trick them to wait for "lower prices" Market sentiment has been really negative for a long time and people have been waiting for 14, 12 and 10k so we probably won't even get there. Also there has been many news again how crypto is dead etc etc
Long
by PalenTrade
3
Why Multitasking is Dangerous for Traders – 6 REASONSWe have come to believe that juggling multiple tasks, will somehow reward us eventually. But with trading, I can’t think of anything worse. In fact, I think it’s counterproductive to multi-task when making financial decisions for your trading. And no! Lying on the couch, or on the beach with your phone while talking to friends is ALSO a no go. Here’s why I think multi-tasking is dangerous… DANGER #1: You miss crucial opportunities: If you’re focused on watching TV, eating chips and watching TikToks at the same time, I guarantee – you will miss out on high probability trades. You need to have full focus and pay attention to the markets, when you’re trading or it will affect the quality of your trading and setups. Danger #2: Delays in trading decision making Multitasking can slow down your decision-making process and prevent you from acting in a timely manner. Think about it… It’s one more video to watch, it’s 10 more minutes until the show ends. Let me just finish my beer first. The market waits for NO ONE! So act accordingly. Danger #3: Stress levels through the roof You’re going to make impulsive, emotional decisions. You have your heard earned money in an account ready to take on the local and global markets. If you have sounds, food and other distractions in the background – it will affect your stress. This will not only put you off trading but might also scare you out of it completely. These types of decisions can be costly in trading. I mean, trading can be stressful enough on its own. Add multitasking to the mix and your levels of stress and increase feelings of anxiety will sky rocket. This can lead to burnout and negatively impact our overall performance. Danger #4: Drop in prod You might feel that you can get more done by multi-tasking but it actually will decrease your productivity and efficiency. When we try to do too many things at once, it takes us longer to complete each task and we may not do them as well as if we had focused on them individually. Danger #5: More mistakes Trading needs to be laser focused! If you multi-task you need to remember something. You are human and you are susceptible to making mistakes and errors. You might miss a trade setup. You might type in the wrong trading levels. Or worse… Trading volume. You might miss opportunities to lock in profits through adjustments. Just take it one trade at a time and focus on the time in the markets… Danger #6: Ruin relationships Ok this one is a bit of a stretch, but I think it relevant. If you multi-task while trading, what about the rest of your life. You most likely will multi-task while eating dinner, talking to friends, driving or even spending time with your children. This can most definitely have a negative effect on not only your trading but your life, relationships and will lead to even more stress… If you’re still reading this then I want you to do something for me. I want you right now to take a DEEP breath in…. . . . . . And out….. Just slow down. Take it easy. Focus on one thing at a time and enjoy the process. Be more present and you will find life will be a lot more easier in your everyday. I am writing this because I want you to start your year on a calm, focused and powerful note. You got this. Trade well, live free and take it EASY! Timon MATI Trader
JSE:J200Education
by Timonrosso
3