Multitimeframeanalysis
Will Cad/Oil Buyers Step In?Called the crude Sell off Before the Week began, we came down quite a ways, 5%. That's alot, this is what i'm looking at for this pair. I'm not supper bullish on the EURO. Reasons for liking crude 1. Higher time frame trend surrounding crude 2. Inflationary environment we are in 3. that was a massive move on the weekly timeframe, buyers will be taking profit, will take time to gather liquidity
Buying into a Daily Supply Zone can be Risky / GBPJPYWe have a clean traffic range up to 157.7. However this is also a Daily Supply zone we are trading at and price can just suddenly reject any of these prices and take us into a range or bearish for the rest of the week . approaching this pair at the current time is difficult because it just raised interest rates (on GBP) but then also we have Putin/Ukraine Tensions sentiment in the markets. looking for a retest of prices 156.5 and 156.250 for a Runner Position
Price action is Proving Bears Wrong? // EURUSDI think we saw sell opportunities already early in the week during the first few sessions,
These Higher Lows rejecting our Daily Zone @ 1.1275 are very aggressive. was this the bottom wick on the Weekly timeframe and now we will begin to see higher prices for the rest of the week?
IDK but I'd bet on it until proven wrong. It is disappointing, If I were still a Seller, to see this kind of price action, given the fears with Putin/Ukraine, priced in already?, the Dollar strength as of late?
EUR GBP - Quick Take Series 5G'day Traders and Analysts,
Breakdown:
1. Note
2. Contents/Warnings
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. EUR GBP is an investment, so here is the technical and logical analysis behind the long term investment.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Currently on a correctional play, but overall still short.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Scarlet - Four day
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Quick analysis, shorting due to monthly and weekly timeframes
The Monthly Imbalances are set:
Add positions upon the following, clear directional sell hedges
Confirmation upon the daily
Higher timeframes provide a clearer image.
Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits.
Box 1 being imbalance
Box 2 being correctional pullback to retest an imbalance.
Box 3 Target profit at an imbalance
Monthly
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 0.95 whereby the Euro Failed to overcome, this however was the pivotal imbalance to sell from a Fibonacci extension perspective.
A large zone formed here on a monthly as previous historical monthly wicks have shown immediate whipsaw effects, revert to the daily chart in to see three examples of a trading week immediately 'tailing off'
During February, March 2020 - the price surge accelerated growth but instantly rejected, the timeframe is sped up, but imbalance method still applies here as the zone failed to hold. GBP still holds a resounding power over the EU to prevent parity.
The Monthly lower high upon the chart formed in September and December respectively, both coincide with
Fig 1.0
Long term imbalance pathways
It's clear, either sell upon confirmation with current positions
Await the buying opportunity to reach a weekly 'resistance', but in reality is a pivot imbalance where price will form a sell opportunity.
Weekly Imbalances
Upon the weekly chart price has created a short opportunity which extended out of the previous weekly imbalance and has been previously tested twice. Subsequently creating two lower highs.
Price had corrected upon an engulfing breakout candle after a consolidation wave which adopted the next move.
Upon the breakout of this zone, price now walks up to the monthly imbalance and once the zone is breached, price is expected to retrace to build on the order block as a reversion pivot
Selling imbalance, the breakout and retest is a strong reset upon the imbalance zone, however, the price channel is still forming overall selling trends, so waiting for the confirmation upon a daily will show sell as the engulfing bullish candle will indicate a push for short buyers, but long term, sellers are in control.
Daily Imbalance
Here is the daily logical trendlines which show where price can break in the short term - before the next swing is prominent.
Note the imbalance here (upper) is strong in terms of failing to be breached, whereby the wick of the high failed to nett off, meaning the selling imbalance is >95% confidence of selling.
EUR USD overlay
Something of interest, showing a stronger USD in conjunction with the SPX - again this correlated but not causative.
Denote the lows of the SPX has followed with EUR USD creating lower highs.
Review USD JPY, SPX
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MULTIPLE TIMEFRAME ANALYSISHaving Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion.
I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question.
TOP DOWN ANALYSIS APPROACH
This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME.
I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus.
I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover
MONTHLY CHART
Monthly TimeFrame Blue 12EMA
A Support that act like a trendline
WEEKLY CHART
Same like Monthly 12EMA
But here Orange 36EMA on Weekly:A
Retracement level to consider adding new
Position in the Direction of the HTF
We saw a slowing week on the last red
That leads to the last week bounce
DAILY CHART
36EMA rejection Bounce on DAILY
Cautious area to take profit
Look for Rejection
Look to BUY Cheaper on OTF
8 HOURLY CHART
36EMA on 8HR with a Candlestick or
PRICE ACTION to look for the Discounted
LONGS and 2 good Confluences
Candlesticks HAMMER Price Action +
36EMA bounce
In Between the 200EMA
633EMA is a VOLATILITY GAP
This is where I observably expect
price to bounce Couple times in
betweenbefore we can make a directional
headway.
A VOLATILE REGION You can identify
in any market as price proceeds. So this gives you
a readiness awareness of what to expect and
for how long. 8HOURS represent a whole trading
SESSION
6HOUR CHART
Higher High 200EMA Selloff
on 6hr Corresponds the36EMA
on DAILY
BULLISH ENGULFING on 6hr 36EMA
after a potential longer term 8hr
(All Asian Session) Price Bounce
And maintaining of Higher Low
Price Structure
4HOUR CHART
Short Term Break of Structure (BOS) on 4hr
Chart is a good caution to let us know that
price won't just rise so easily higher
2 HOUR CHART
For Price to Change Direction
We have seen 1st 2hrs of hitting
200EMA rejection
Another 2hours of Price Slowing
without making a new low follow by 2hrs
of another Price Slowing after a Preceding
Downward Selloff Spiral
A clear indication of good 6hrs of consolidation
That eventually break out higher.Now we have
a good reason to look for BUY OPPS on
Smaller TF
The lower timeframe analysis will follow on hourly to minute charts.
Continuing To Sell This Currency PairThis week I'm keeping it light. I'm not interested in overwhelming myself so I'm going to show you how to let the trade come to you just as I am. You need 3 things:
1. To understand direction
2. To plot structure and wait for price to touch it( thats letting price come to you)
3. Permission to enter the trade(it just takes one price action candlestick)
Once you have these three you will know where you want to enter the trade, where you take profit will go, and where to place your stop loss.
How do you feel about AUDUSD today?
JICPT| recommend JPM exposure despite weaker earning report Hello everyone. JPM has been down around 20% on the weaker earning report and market turbulence.
However, it has been bouncing back from key level one weekly. I listed the reasons to be bullish on the daily chart for your reference:
1. VSA 2. Flip 3. multi-timeframe analysis 4. market mood.
Beyond those, the rate hike by FED this year(probably 3-4 times with quickest start on March)also makes JPM preferred assets for investors. I listed reasons in the related idea posted almost one year ago.
I also recommended clients to allocate part of their money in Reits to hedge against the rising inflation.
The only free lunch is diversification. That's the easy money we couldn't miss.
What do you think? Give me a like if you're with me.
JICPT| Tesla avwap & DZ bullish setup on multi-timeframeHello everyone. It's been a while since my successful Tesla setup below. It's very interested to re-visit the stock after recent sell-off despite better-than-expected earning report.
Actually Tesla has dived more than 35% from the high created on early Nov. 8th of last year. By using the VSA, the diminished volume suggested that buyers' incapability to move the price higher.
1. Anchored VWAP: I chose two obvious places as start points for AVWAP on Jan and March of last year. Two met around $800 which served as a solid holder to keep price from going lower. In addition, I selected the historic high to identify the possible trouble level. It sat just above the $1000 key whole number level($1027). I will use it as a short-term trouble level .
2. The recent bounce from $792 was also in line with the weekly demand zone sitting around. If you look at the chart, it also happens to be the flip zone below bear trap .
I've put other write-up on the daily chart for the setup
Give me a like if you're with me.
Thanks for your support.