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Multitimeframeanalysis

GBPNZD Trade Set up round 2Hey Traders, The absolute classic set up here on GBPNZD. If you remember our trade idea last week, maybe two weeks ago, the trade we took on this pair, you would recognize the similarities that we have here. We've had a double break of structure and now we're waiting on a pull back into the demand area of that second breaking structure. The original idea we caught on the one hour chart earlier in this picture, we are looking at replicating this idea and catching it on the four hour chart. I have linked the previous idea below, So go check that out and you can see exactly how it's pretty much the same setup, just a different time frame and also how that trade played out. Keep an eye on this pair. There is a little bit of news coming out later in the week, but nothing too damning. It'll be interesting to see if the pound can pull back into this demand area and then shoot us forward into the future. Let me know your comments in your analysis and whether or not you're going to be looking at this pair in the future to see what it can do. Can we get a bit of pound strength coming in over the next couple months?
Long
by the5erstrading
9
XBT/USD : Last week's rangeBITMEX:XBTUSD BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! Current $BTC's moving into a last week's range and There're couple of possible scenarios to keep an eye on them : - Possible Deviation and pullback above $44500. - Rejection below $43300's support zone and create another opportunity to take Short. - Continuation for Short and rejection below $41000. There're the topics that I'm going to talk about; Follow me 👇🏼 📈 Possible Deviation and pullback above $44500 : If we got the break-out above the Fib's 50%, Then the deviation would be confirmed ! Be noticed that we need those candle closes above the mentioned line to confirm the deviation... - The Long's trigger should be located on a proper retest of $44365's wick's S/R line. 📉 Rejection below $43300's support zone and create another opportunity to take Short. If we get the rejection below the deviation zone; Then I'll be searching for a Short position. Be noticed that we need to have the rejection before any action... - The Short's trigger should be located on a proper retest of $43300's S/R zone. 📉 Continuation for Short and rejection below $41000. In continuation of the Short's position. If we get the rejection below $41000's S/R zone, Then we can have our other Short position into $37000's support zone ! - The Short's triggers should be located on a proper retest of $41000's S/R zone and $40300's S/R line. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BITMEX:BTCUSD.P
by Helical_Trades
5
Trade MACD Multi Time FrameMaking a trade plane using MACD Multi Time Frame. Chart & Indicator : 1. Heikin Aishi Candle 2. Current Chart MACD 3. Higher TF MACD 4. ADX Steps : 1. Look at Higher TF MACD Direction 2. Check if lower TF MACD is aligned 3. Check if ADX / trend's strength 4. Set a limit position, wait for the price to break support. 5. Set SL in previous high. Set TP accordingly: using Fibonacci or previous zone as a target. This is only for educational purposes. Do your own research accordingly.
Education
by Phoenix-Rise-Trade
GOLD (XAU/USD): detailed breakdown. Growth will continue?Taking a look at the WEEKLY timeframe chart, it can be inferred that the price has nicely rejected the zone of support that lines up with 0.618 Fibonacci retracement level. Zooming into the DAILY timeframe chart, we can observe that the price has been nicely rejecting the local zone of 1915 support. We are carefully eyeing the price action and looking forward to opening BUY positions. $1960 is our initial target and $2050 is the long-term one. Happy trading, everyone!
OANDA:XAUUSDLong
by Investroy
8
Confluence of supportsIn the 30m chart, price is in a contracting triangle. Momentarily fell to a support and came back up. In the daily, price has broken from a channel and in the weekly, entering into another channel. I expect continuation to male a (d) wave in a contracting triangle of a Wave 4 on the weekly. The d-leg of a Wave 4 is counter trend and make an ABC form. Price is breaking a resistance at the weekly, confirmed by MACD. A pull back is expected in an ABC, if not now then at $53000 which will be supported by the current resistance. The current support is at $44000. R/R = 1.71 2% risk of a $30000 is 0.196 Bitcoin The confirmation to enter comes from the hourly. in 1-hr chart there is pin bar. Robinhood does not let me! My account sum has jumped up, it shows only $25'000.00 available to invest, and it dies not let me use it with an error! Daily: Weekly: Ok. Let's wait for the pullback!
BITSTAMP:BTCUSD
by RK108