Price-action
AUDUSD LONG TRADE Hello Traders,
Here you go for the AUDUSD analyst as price move within the descending channel and currently price was respecting the major support on the trend line. Therefore before we place the trade, please wait for the buyer to come in by the impulsive movement and retest the minor support. Please kindly see the confirmation until the price was confirmed at the next higher low area and noted there is no point to buy at the bottom without good or solid confluences.
Please Mind your core principles of your trading confluences before taking the price in order to take this idea to trade with proper risk management.
Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Cheers,
Ochin_FX
BULLISH: Bitcoin Top & Bottom Price Action Integral BandsHere I present my indictor for longterm swing trades and/or general market cycle analysis of bitcoin: the top & bottom price action integral bands (short: PAIBs)!
Instead of fitting some curve dependent on time (~ f(t)), I integrate over price action with two custom functionals. Then if I expand those functionals by +- 5% I get two bands, in blue the top price action integral band, and in red the bottom price action integral. The bands are calculated in real time, there is no repaint or other manual modification involved. There is always only one (weekly) candle per cycle top which touches (or breaches) the blue top band. This is a strong indicator for a sell or short. For the bottom band we often have two opportunities to add to spot or long positions, as these phases are more drawn out. The bottom band has some similarities with the CVDD-model, although it uses completely different data (CVDD uses on-chain tx metrics while here price action data from BLX price index are used), however both models predict the same bottoms. It is easier to implement the PAIBs in TradingView, as on-chain metrics are not as easily available in TV.
The current top price indicated by the blue band is roughly $63000 per BTC.
The current bottom band shows around $4500 per BTC.
Note: I also added estimates for future band development up until the end of 2021 (by hand), those are not calculated!
The future looks bullish indeed. Of course this is no financial advice.
Hope you find this helpful! I will talk more about this and other indicators (including updates) in the future here on TV and on twitter.
Planning a trade wayyy before it happens.... HERE'S HOWI'm expecting price to return to the long term descending channel as there is a lot of liquidity there for the taking.
I expect this to happen via the channel breaking (wiping out stop losses) then price to continue downward. I have a trade idea already generated before price even reaches that destination, so when it does I am fully prepared for any scenario.
If you can try and look to the future then you will get a better feel for the markets.
I struggled to explain this one, sorry.
Happy trading!
My Predication for AUD/USDWe have bullish divergence on the OBV, as well as this you can see from the market structure, price has hit off the golden zone and is now its way to rally and complete an 'M' shape which is a very important pattern when trading Forex. Once price hits the resistance to complete the 'M', only then will it be time to go short on this currency pair.
GBPNZD LONG TRADEHello Traders,
Here you go for the GBPNZD analyst as price has been moving within ascending channel. However i may see the price to retest and make the higher low around 96.500 area. If the price has been confirm by respecting the zone then it may the good confluences to decided as valid bullish movement.
Mind your core principles of your trading confluences before taking the price in order to taken this idea to trade with proper risk management.
Cheers,
Ochin_FX
Waiting for price action Likley BuySeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes.
Waiting for the break of support or Resistance on 1 hr
The retest of Support/Resistance on the 1-hour candle or Higher Time frame
2 consecutive 15 min candles in initial breaks direction
Projected Entry for Buy
EP 109.365
SL 109.150
TP1 109.592
TP2 109.850
TP3 110.160
Projected Entry for Sell
EP 108.895
SL 109.107
TP1 108.674
TP2 108.502
TP3 107.899
I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action.
Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction.
How to read my chart
TP's are marked in Green
The zone is marked Orange
hover over note pins for price action Entries
EURUSD WEEKLY ANALYSISBULLISH LONG TERM
- PRICE TRADED INTO A WEEKLY BULLISH ORDER BLOCK
- LOOKING FOR PRICE TO TAKE OUT BUY SIDE LIQUIDITY
IF WEEKLY OB IS'NT RESPECTED 1.1000 IS THE NEXT LEVEL OF HINDRANCE/ SUPPORT
- THIS PAGE IS'NT FOR OTHER TO COPY BUT FOR PERSONAL GROWTH. OVER THE PAST YEAR YOU CAN SEE
I'VE ADOPTED A NEW STYLE OF TRADING MOVING FOR RETAIL TO INSTITUTIONAL CONCEPTS, BREAKING
DOWN CHARTS FROM HIGHER TIME - FRAMES GIVING ME A MORE ACCURATE SENSE OF PRICE DIRECTION.
- PAIRS COVERED ARE:
- EURUSD
-GBPUSD
-XAUUSD
LOOKING OUT FOR WEEKLY ANALYSIS ON THESE PAIRS.
EURJPY Long Price has respected rising channel that was confirmed in October on 4h.
Price has been climbing steadily on 15m. I expect a minor pullback of 10-20 pips with around 60 pips return. I expect price to rise higher but this TP will lock in profits before a bigger retracement and another entry on the same move.