USD/CHF: multi-timeframe perspective. What's the plan?The Weekly timeframe chart of USD/CHF clearly shows how the price has been unable to break above the important area of resistance portrayed on the graph. The lower-timeframe graphs at the same time, illustrate how nicely the price has been pushing to the downside.
The 1.002 - 1.004 structure has been penetrated but not re-tested. We don't see how the price can continue dropping without pulling back to this region and correcting the recent impulse. And hence, that is the region we are monitoring for SELL positions. Once the price re-touches the key area of resistance that lines up with the golden Fibonacci level (0.5-0.618), we will be aiming towards entering short positions and going for the 0.98100 area of support as our initial target.
Multitimeframeanalysis
Multiple Timeframe AnalysisWhen traders ask "what was your light-bulb moment in trading", I often say 2 things:
1) stop worrying about what other traders are doing and focus on yourself making sure you are consistent with the trading strategy as that's how you will get consistent results.
2) understanding multiple timeframe analysis.
Once I started focusing on myself and was consistent with my trading, I was able to review my journaled trading results and noticed by best trade setups happened when price has multiple timeframe correlations with both my enter timeframe and higher timeframe.
The main purpose of the higher timeframe is to help me determine if I should be looking for buys, sells, or staying out of the market. The 2nd purpose of the higher timeframe is to determine the trend.
Multiple timeframe analysis can be used on all trading strategies whether you trade supply and demand, support and resistance, chart patterns, or use trading indicators.
All we are trying to do is determine whether we should be looking for buys, or sells as this will help us increase the probability of our trade.
See Chart For Analysis. I also have a full break-down on my youtube: Moneyball Austin
USD/CHF: MTF perspective. Where to set a "buy limit" order?New week = fresh chart analyses from Investroy.
Today, we are conducting a multi-timeframe analysis on USD/CHF, which is one of the pairs that we have on our watchlist and trade on a constant basis. Firstly, taking a look at the Weekly timeframe graph, it can be observed how the previous Weekly candle has closed in the favour of buyers by developing a nice rejection of the previous area of resistance which now acts as support that aligns with the 50% Fibonacci retracement level. Zooming in and analysing the DAILY timeframe chart, we may notice how a solid ascending channel has been printed and that the price has successfully rejected the lower barrier of it by printing impulsively bullish moves.
Judging by the current price action and overall fundamentals, we believe that the price will continue growing. The question is, what is the best area to go long from? Again, if we take a look at the DAILY timeframe graph, we may clearly see how the price has penetrated the 0.993 - 0.995 key zone but has not retouched it yet. Thus, we will wait for the price to re-test this particular area of support before going long and aiming for the sky.
Have an amazing trading week, family!
Runeusdt Short📉📍 RUNEUSDT
🔰SHORT
🔴Sell Now or Sell at : 1.550
⛔️Stop Loss : 1.605(1.565 2hr candle close above)
🌀Take Profit 1 : 1.489
🌀Take Profit 2 : Exclusive for VIP
🌀Take Profit 3 :Exclusive for VIP
P.S. THESE ARE ZONES NOT LEVELS
Multi Timeframe Analysis:
15m trend is bearish but bulls are in control but at previous resistance zone and new supply zone.
45m trend is short and long term trend is bearish but bulls are neutral and bears haven't gained any strength at the moment and we also have previous 1hr supply zone
2hr short term trend is bearish but long term trend is at the bullish zone so we have to be careful and we also have previous massive supply zone from this area in 2hr timeframe
Conclusion: If price respect this supply zone from this area we will see drop from this area after consolidation. Very similar to my below idea.
P.S.THIS IS NOT A FINANCIAL ADVICE
USD/CAD: fasten your seatbelts, because we are flying to MarsOn the 8H-timeframe chart, it can be observed that the price has dropped massively after printing long and ugly wicks to the upside and being unable to push further. This move was healthy and necessary for the price to re-test the previously penetrated key zone of 1.371.
Zooming into lower-timeframe charts, we may notice that the price is potentially attempting to form another shoulder and complete the formation of an inverse H&S pattern before launching a full-scale bullish move and aiming for the targets illustrated on the graph.
💱GBP/NZD Time to shine MULTI-INTERVAL ANALYSIS💱💱 In the current comprehensive analysis, I would like to draw your attention to the GBP/NZD pair which has caught my attention in recent days.
💱 In the posted post, we can observe eight charts showing the time range from 8 months to 22 minutes (it has been divided from 8 months into four i.e. each subsequent chart-timeframe is four times smaller.
💱 Looking strikte at the price action and the appearance of the candles, it is impossible to deny that since 2016 we have been in accumulation on this pair and the last days have given us many reasons to think that this period may soon end.
💱 Well, in recent weeks we have seen a massive injection of money that flows into the pound and outflows from the New Zealand dollar.
💱 I am very curious to see if the recent breakout that has been taking place since September 26 could be the beginning of a long-term upward wave.
💱 It is worth keeping an eye on this pair.
💱 If you liked the analysis leave a like and drop by the profile for more interesting posts :D
STRUCTURE - The key to success!STRUCTURING - The key to success! (Part 1)
That structuring and order is the key to success, most will have already heard and partially applied in their own lives.
- Chart analysis is no exception and after correct application the results are even monetarily noticeable.
- How this can be implemented specifically in "TradingView", I present to you in this article.
TABLE OF CONTENTS
1st Part = THE PROBLEM
2nd Part = THE SOLUTION
3rd Part = CONCLUSION
PART 1 = THE PROBLEM
"EVERYONE WILL KNOW THE EXPERIENCE,
TO HAVE SET A TRADE, TO BE SURE OF VICTORY,
ONLY TO BE MERCILESSLY STOPPED OUT."
In hindsight, you analyze your failed trade and realize that in another "Time Frame" an important support/resistance level was below/above your "Stop Loss" and the "Trade Idea" was already - BEFORE - INVALIDATED.
-> So one could have saved the "LOSS".
Most of us will analyze several "Time Frames" to know - which levels are strong/weak and relevant.
-> Regardless of the preferred "Time Frame", one will include the next larger/smaller "Time Frames" in one's analysis.
-> The more "Time Frames" you analyze and include in your final decision, the more confusing it gets.
-> The chart looks like a battlefield and the probability to make a profitable decision diminishes - significantly.
The time spent to put together the individual pieces of the puzzle to the big whole is no longer presentable.
= Headaches and a bad decision are pre-programmed.
To avoid this problem and to make the "Multi-Time-Frame" analysis as effective as possible. I have tested the possibilities provided by "TradingView" and worked out solutions that work for me.
-> I will present these in the following posts to inspire you and possibly provide a solution for an already existing problem.
The benefits of a working structure are:
"LONG-TERM TIME SAVINGS" + "SIGNIFICANTLY BETTER DECISIONS".
2. PART = THE SOLUTION
2.1. INTEGRATION OF THE OBJECT TREE
The platform provides an "element" overview - of all objects drawn in.
-> this option is an excellent way to structure all the objects located in the chart.
- If you haven't used this option before, you will probably belong to the majority.
- Unfortunately, this tool has not been sufficiently promoted by "TradingView", which is why it is unknown to many.
You can find the "Object tree" on the right side, at the very bottom. (Image 1)
If you have never used / structured the object tree before, it will look similar to our "UN-ORDERLY" example. (Image 2)
In the third image, you can see how it can be once you take the time to add order. (Image 3)
To get an overview, you can sort the drawn objects into groups and label them, depending on your own preference / structure.
- This works with a simple right click on the object (e.g. Fib-Retracement).
- There is then the selection "CREATE A GROUP OF DRAWINGS".
Once several groups have been created, you may need a placeholder.
Any is not provided by the program, but can be easily created yourself.
= Simply draw a point with the BRUSH tool.
-> switch off all Time Frames at Visibility
-> create own folder for this point with e.g. "- - - - - - -".
3. PART = CONCLUSION
With a little effort, order and structure can be provided here in the "much" edited charts.
How you want to set up this structure is entirely up to you. In case you need a little inspiration, you can take the one I created.
- - - - - - - - - - - - - - -
IDT - Supply&Demand
IDT - Fibonacci
IDT - Trendlines
IDT - Point of interest
IDT - Market Structure Break
- - - - - - - - - - - - - - -
HTF - Supply&Demand
HTF - Fibonacci
HTF - Trendlines
HTF - Point of interest
HTF - Market Structure Break
HTF – Volume level
- - - - - - - - - - - - - - -
LONG IDEA
SHORT IDEA
- - - - - - - - - - - - - - -
IDT = Intraday
HTF = Higher Time Frame
If this idea and explanation has added value to you, I would be very happy about a review of the idea.
Thank you and happy trading!
EUR/GBP: time to pull the trigger and fly?As it can be inferred from the Weekly timeframe graph, the price has strongly rejected the local area of support by printing long and beautiful wick candles.
Zooming into the h4 timeframe chart, we may notice that the price has spiked below this specific support and grabbed liquidity before printing bullish moves.
While ranging between the borders of the sideways-moving channel, we are expecting for the price to continue rising and reach the area identified on the graph. Our sentiment remains strongly bullish and we believe that this move to the upside is more than possible.