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!
Multitimeframeanalysis
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.
next time i better trust my systemAs i thought in first place we've had a push from the POI that i had previously marked, the second idea which was to mark a bigger zone have not to be considered wrong tho, because the only fact that price came deeper to mitigate some more of that zone, lets us know that both of the ideas were good in the same way. The first one was for the patient traders, the second was for hyperactive demons like me who try to do ping pong with price in every single direction.
i'm sorry for not uploading one entry idea to get inside that move, but i am actually studying for my finance exam at the university, and not being able to use the alerts for the limits of the free account is very annoying.
EUR/USD: multi-timeframe perspective. Time to go short?Firstly, taking a look at the 8H timeframe, we may notice that the price has left a massive wick candle to the upside and rejected the zone of resistance plotted on the graph that lines up with the 0.382 Fibonacci retracement level.
Later, zooming into the H1 timeframe, we can observe that the price has attempted to break above the sideways-moving rectangular range illustrated on the chart, but has re-entered the borders of it and has re-tested the upper boundary of the box.
With the Stop Loss above the recently-formed top, we are expecting for the price to keep pushing to the downside and reach the crucial area of support projected on the graph.