Descending TriangleDescending triangle with the daily pivot point as the bottom. Looking for 1 hour close or aggressive moves out of the triangle for quick longs and shorts to the next pivot points.
Pivot
ADA/USDT 1HR Headed DownwardAs you can see ADA hit the EMA 200 in yellow and bounce downward. Using Camarilla Pivots possible buy at L3 -L4 and SL right under L4 .
Just what I think Im no pro
Time induced pivotWhen I first got a niche for FOREX the first thin I noticed was huge pivots with any given pairs at 2/3am (Ideal trading time for Asian session).
That being said along with the knowledge of this key pivot time, my RSI and MACD indicator correlate immensely with these pivots. This idea is an example.
Presented is a 1 hour chart buy analysis for EURCAD. Previously we saw low volume consolidation along support. 2am wick serves as our first potential indicator for reversal as MACD/SIGNAL made a cross and are shooting for 0 line while RSI breached indicator resistance. Both indicators sentiment towards a buy.
We then see a significant increase of buyers volume. We can sentiment buyers control until we observe our MACD play out. If MACD/SIGNAL make a full cross through 0 line we are then watching our take profit targets. If MACD/SIGNAL make a pivot immediately prior to touching 0 line we then observe for a full pivot or pull back by observing our 4 hour chart. Close out either way for maximum profit and renter at pullback/ next support retest.
Stop loss below current support with a bar close out.
Please comment with thoughts and ideas. Thank you.
Pivot Support ZonesThe previous idea on the daily time scale was confirmed. A daily close below 54.3k (monthly R2 pivot point) and the next support level would be at 48.8k, which is right were we are at.
Following the same idea, if we get a daily close below the 48.8k level and next strong support level is in the 41k range.
The convergence of weekly and monthly pivot points as well as the previous ATH at 41k strongly suggests we might retest this level.
#DCAthedip
Sell off to Buy off and test 60 KWe had a scary dump below 50K only to fake out and return right back into the respectable trading zone. This was a one time opportunity for buyer to load up at 48 K to shoot for 60K.
Presented is a one hr technical analysis. We see confirmed support with a pivot at 51900.00.
Our MACD/SIGNAL are completing the initial cross while RSI is popping out of the oversold zone. I also added the super trend to verify a change in trend once a bullish bar touch the sell trend line (red). Naturally our buy trend will be triggered (green line).
Please comment with thoughts and ideas. Thank you.
DXY Technical AnalysisFinally we have a clear reaction at a key support retest (90.00) that being a high volume pivot as expected. Although DXY dumped 90.00 has been an established support with DXY previous momentum. Correlating pairs to DXY such as USDCAD have matched major support retests as DXY.
Our indicators with help confirm continued momentum off our support pivot. MACD/SIGNAL are setting up to make a clean cross with Histogram bins correcting. RSI is deep enough in the oversold zone to breach for the oversold zone pushing the trend through first retest to retest top resistance at 91.00.
Furthermore, I added a super trend indicator which will ultimately confirm a change in trend from the bottom support pivot. When a bullish bar intercepts the sell super trend (red line) a buy super trend will trigger (green line).
Our pivot zone is mapped between 90.500 and 90.700 which follows previous uptrend play within mapped zone.
Please comment with thoughts and ideas. Thank you.
SHORT TRADEAnother trade with a superb RR.
You can wake for a retest of the entry point before entering the trade.
SHORT TRADEThis trade setup has a very good RR. My last setup gave me sweet profits. Let's see how this will play out as well.
GBPUSD Ascending Channel Trend Angle Analysis #2Welcome to my second trend angle analysis for GBPUSD. Previous trend angle buy analysis was a huge success. Presented is a 1hr sell analysis within an ascending channel.
Within my set chart dimension the trend angle sell off top channel resistance is around 21-22 degrees. Given continuous pattern I sentiment a bottom channel support retest which lines up with our established support at 1.39500.
Currently we may see a slight pullback to dive back into our sell off to bottom support channel. A breach of top channel resistance tells us a significant long-term continuation in play to set a night high, passing our April 2018 highs.
Our current indicators sentiment a sell off of some sort. MACD/SIGANL completing a diversion to shoot for the 0 line. Our RSI is looking to drop for a reset to enter back into the overbought zone once we have a bottom support retest.
Attached is my previous analysis using this strategy. Please comment with thoughts and ideas. Thank you.
ADA at a pivot point hereIf we close hourly below 1.08 we should go lower and test the 0.382 fib level at 1.04. Until than I'm bullish ADA short term
Before 60. Sharp pivot retraceAs is almost always the case. runaway prices magnetically pull to their newly plotted central pivots.
That level coming a couplesand below. Is not something Ican do. However Ican give confidence as we go slowly and maybe lucking that retrace will also be our dip buy opportunity to 60k
Just be careful and take profits here. Dont buy untilt that pivot area. and dont care like you do not.
Camarilla pivots + CPR
EURUSD Short - Fibonacci Entry short (against major trend)Hello all
Although the USD is weaker on higher time frames and in general all pairs XXX USD are heading higher on the daily / weekly and monthly time frames.
Based on current cycles making new lower lows, I am looking for price now to make a new lower high and in turn at this fib level of 61.8% retrace of the previous leg lower start to make its second faster push lower to the current weekly S2 level.
Lets see what happens next
Cheers
Duncan
NZDUSD D1I am waiting for the trend line to break.
If the trend line breaks, this stop can be formed.
Gold reached Key Low Support For a PivotGenerally we see a picot at this support retest. Seemingly we see this in play on the four hour chart.
MACD indicator checks as MACD/SIGNAL are finding common support and not looking for an initial cross to pursue the 0 line. RSI is making a huge sweep out of the oversold zone as a strong pivot begins.
I mapped out a consolidation zone within this level that could play as a pivot zone given the DXY strength. Recently we saw a slight downward gap in DXY that was quickly filled in frantic. However this could be a looming sign for a break in the greenbacks strength.
On an off note we can see Bitcoin soaring while the Greenback has been strong. We can correlate that when Gold is going up Bitcoin and DXY are going down and vice versa.
Please comment with thoughts and ideas. thank you.
GBPUSD Ascending Channel Trend Angle AnalysisWelcome to my second analysis using the trend angle tool within an ascending channel. This strategy intrigues me as I trade largely dependent on patterns and price action.
Presented is a 1 hr chart with an inner bottom support that serves as an early pivot with the main bottom support beneath. Furthermore our top channel resistance correlates with the ascending pattern. Notably trend angle ascend off channel support is trending at a 52 degree angle.
Naturally I calculated a 532 angle ascend from the recent pivot in play. Our first take profit is at our previous high with second take profit breaching through Top/Bottom straight channel resistance to retest our ascending channel resistance.
Our MACD and RSI are confirming our current ascend. MACD/SIGNAL crossed along support to trek towards 0 line. Our RSI is trading at an indicator angle of 52 degrees matching our chart angle trend.
Please comment with thoughts and ideas. Thank you.
Trend angle ascending channel analysisNote: This is a fun/practice analysis using the trend angle tool within ascending/descending channel patterns. Do not take this trade literal.
Presented is a 1 hour chart. We can scope out an ascending channel patter as presented. Using the trend angle I calculated a 50 degree angle ascend to retest top channel off the bottom channel retest in play.
My take profit marks correlate to pivots within the channel. With a MACD/SIGNAL cross and up through the zero line we may see a push to retest the top. If this occurs our RSI will match a 50 degree trend angle according to chart trend.
Please comment with thought s and ideas. Thank you.
daily pivot retrace. short term down51.3k p/l3 can scalp to it or wait and try to buy dip there
Stop loss H4 or just over H3 if scalping to it
Camarilla pivots / CPR
Another gold shortSo I enter gold again after stop out thi morning for nice money. Now I enter again because
Fast Hull cross down over slow hull.
gold pull back to resistant line make good entry point
rsi still making lower low with price
price below center regresssioin line
descended triangle which usually meaning reversal, but see price still at top of wedge so still good profiting potential even if reversal at bottom line of wedge. Here I take half profit then watching how price reacts.
also pivot is weak that I show because this weak pivot reacting to prior pivot. So this weakens it.
XLMUSD (Stellar) 17 February 2021 4Hours TimeframeHi traders and welcome to my channel ...
As you can see XLMUSD still in the uptrend channel … for now, I think it’s going to touch 4h support at 0.430159 and then we have continuation of long move to 0.65
but if breaks the static support at 0.430159 it going to retest and drop more to next level of support area at 0.315.
Good luck guys and be careful
All info can be found in my chart.
*Support this idea with a Like or Comments if you find it useful* ... Thank you
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DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
Top channel rejection for a sell offPresented on the 1 hr chart we see a potential pivot in play with top resistance rejection.
Indicators are set to confirm with a full MACD/SIGNAL cross just above the 0 line. This will confirm a sell off in play.
Watch for a pivot at 1.07400. With a MACD/SIGNAL cross through the 0 line the trend may truck right through our pivot zone.
Take profit at current channel bottom support at 1.07200. Stop loss above current resistance with a full close out above.
Please comment with thoughts and ideas. Thank you.
Continued supportWe see continued support in play at 0.71800. Seemingly we are in play with a support and pivot presented on the 1 hour chart.
Our MACD/SIGNAL found key indicator support to set up for a cross to push momentum upwards. Naturally RSI will kick out of the oversold zone.
Follow previous patter and take profit .72500 ad wait for a retest. Stop loss below current support.
Please comment with thoughts and ideas. Thank you.
Continuation analysisWith JPY's weakness we see pairs breaching key levels.
Presented is the 1 hr chart. I sentiment continuation to retest the next tow key resistance levels. 148.000 is a strong rejection point so if there is a breach we can sentiment our next retest at 149.000.
Take profit at 148.00 and 149.00 for continuation. Stop loss below established support.
Observe chart and please comment with thoughts and ideas. Thank you.
