Simple
Bitcoin short term parallel channel as you can see , bitcoin short/mid term parallel channel describes everything . hope you find it helpful
USDJPY - Trading with the Flow - Simple MTFA + ScreenshotsHi Traders!
The market is in a Downtrend.
You'll discover the behavior of the market for the daily, H4 and H1 Timeframe.
This is called the Multiple Timeframe Analysis (mtfa).
So let's start with the daily:
At first we drew the most important (turquoise) Levels.
Then we drew the descending and at last the ascending Trendline.
The connection of those trendline results a Triangle.
This Triangle isn't bullish or bearish; it's neutral.
But the bearish pressure is higher, because of:
- You already know the market is in a Downtrend.
- The 50 EMA is resisting and touching the price.
Now we switch to the H4-Timeframe:
Here we analyzed the price action behavior of the Up- and Down-Movements.
As you can see, the Down-Movements are more aggressiv and more straight then the Up-Movements.
Of course it is sometimes the otherway round, but mostly it is like this.
Finally, we get to the H1-Timeframe:
The market is moving in a ascending Parallel Channel.
Pay attention to this:
The most recent high was lower than the High before.
So this was lower high.
In addition the price reached the D1-Trendline.
Our Trading Plan is this:
If the price breaks and closes below the Channel, we short.
The SL is above the recent High, the TP at next conservative Level.
We recommend to trade the market with a Risk-to-Reward ratio (RTR) of at least 1 to 1.5.
Thanks and successful Trading Week :)!
Thoughts?Broke the trend line. Still will wait for a lower entry then will go long. Message me and I will let you know where Im entering x
GBPNZD Selling - Lets go! Sell
The
Pound
Against
The
New Zealand
Dollar.
- Dont be silly with your position size. - Be ready to add positions if you need to -
Like, comment, follow, DONATE?! - All that good stuff will really make me happy.
HSP PatternSo if you dont know i like the head and shoulders pattern there is something really familar with the psychology of the trade on this pattern. heres the confluence:
1. HSP 4h
2. Market structure on 1h and 4h time confluence
3. candlestick analysis BE
4. failure zone on Right (S)
5. Bear structure 1h
USD/CAD - Which way?With all my trading ideas they are all unbiased reason why - the market is unpredictable. Whatever the market throws us, we are ready to execute. If it goes above the range, we will go for buy, if it dips below range we will then continue to sell with the beautiful dollar weakness. Go to lower time frame, to perhaps trade the range or break out when it occurs. Enjoy!
This is just trade idea, not a trade recommendation.
EURUSD - no explanation needed..Chart says all you need to know with this pair... let's go ;) Free trade...
EURJPY SET AND FORGETThis ones going to be a longgggg hold. Stop loss isn't too bad at 30 pips and above the 0.786 just to leave it some breathing room.
Trend change, price severely slowed down in the last hour. Looking good!
Buy “Lower”, Sell “Low”For the past month (June 2020- July 2020) this stock has traded at 2 different price points. Although volume is low, I see it as an opportunity to buy stock at .005 and sell at .001 on a repeating basis with limit buys (.005) and limit sells (.01) set. This has continued to be profitable strategy for me and is available on the Wealth Simple app (Interesting because there are not many stocks under 50 cents available to trade on the app)
Gold on it's way to near term highs June has been a choppy month for Gold to say the least - with many rallies failing to break through to any substantial levels. We've now broken through a well respected resistance level and tested once, potentially turning this into support. If we can hold this rally our fib retracement shows substantial upside gain, taking the price of Gold to our first target of 1765, followed by the 1818 zone.
EUR/USD : Low Risk Big Reward Trdae SetupI am Expecting Big Downside Move After Retracement.
ThankyoU
EUR/USD: Breakout time to get some pips! (Patience is key)Morning all,
Price has broken below the upwards trends line and seems there is a strong signal for a potential short lining up on this pair.
- As you can see from the annotated chart I will be waiting for price to retrace to the old trend line and bounce back down before I enter a short position
- Patience is key here as you dont want to get caught in a fakeout
- The next key S/R levels moving down are 1.11717 and 1.11348 - my exit area would be around 1.11348 but that is pending it breaks through 1.11717
Let me know what you guys thinks, a really easy simple setup that just takes patience and caution to maximise our profits!
Good luck!
Boeing finding supportAfter the bear really it looks that we experienced BA is looking to find some support.
BITCOIN DOWNPOUR POWERJUST ANALYST
From my perspective BTC had been rejected from
Powerful Resistance and also respected TRENDLINE
Would be great if the price will make some Corection to 6426-7873 and
Then making new LL HL HH Structure to Test the respected trendline again
After a nice push USDJPY is ready to retrace back to its zoneBased on historical support zones and current bullish price movement I decided to trade the market because of short term exhaustion. Please set your stop loss at your respectable daily stop loss limit. If you require more room reduce your lot size.
