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Structuretrading

Nzd/Usd Daily Chart. Price Respecting Structure Levels.Nzd/Usd is still respecting the TREND STRUCTURE LEVELS DRAWN ON THE CHART with the Yellow Lines. So if you go to the daily chart and change the chart from a Candlestick Chart to a Line Chart you can Identify these levels with relative ease! When Drawing These Level's , You need to prove to yourself that this is indeed the levels of structure by drawing arrows, changing charts to line charts, even heiken ashi if needed. Price came down to a level of structure and touched it PERFECTLY... And I believe that it will move up from here! Should you enter a buy because of this information alone? NO!!! Confirm a buy with moving average crossover, or however you confirm the buy with your trading system! Remember to take profit at the next level of structure just in case price moves down from there... Details on the chart! I hope it makes sense!
Long
by RlcTrading
EURUSD - ShortThis one looks like the business so far. I mostly trade technicals (i'm a numbers man, numbers don't lie and for the more spiritual ones like me, everything is energy and energy has its sequences and cycles) why i love Fibonacci. So...... EURUSD, on the high time frames (Daily) clear to see we have moved into somewhat of consolidation. And for me trading harmonics in consolidation is fine as the range price is in tends to coincide with the entry point of a given harmonic. We have two potential harmonics, the cypher, which has just completed and the Shark pattern should the cypher fail. I'm leaning more towards the shark pattern playing out because i'm not seeing enough confluences atm for the cypher. i.e. MACD volume is strong and there is not divergence here or in the RSI. RSI hasn't crossed over into overbought yet so the bulls are still set to push price a little higher potentially. Now my other two indicators are based on money flow, these are showing that over all the BEARS have the overall upper hand but this just gives me more confirmation that price will shorten its just a matter of a prize zone being hit first. For me i'd expect price to reach 1.14745 prize zone (give or take 10-20 pips) as looking back this structure has had significant movements off of it. Should price break through here and push the pair into and even greater overbought (rsi) condition, i'd look for entry between 1.1516 and 1.1558 (two significant price areas and major structure levels. Confluence would come by way of money flow showing divergence and fibonnaci bollinger price crossing 1 and MACD divergence. RSI at this point would be way overbought. May have to wait until next week for this to start to move in the direction we want but hopefully price gives us a reason to go short sooner.
Short
by Kristof1989
EUR/USD - SHORTING OPPORTUNITYHey Traders, On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence. We can get involved in two ways: 1. Aggressive - Short now with stops above double top and take profit at structure lows. 2. Conservative - Use the 2618 strategy, wait for a break and close below the V of the double top, then enter at the 61.8 fib level again stops above the double top and take profits at structure levels ensuring minimum 1:1 R/R for target 1's.
Short
by shah-n
3
DXY Previous idea invalidated. POSSIBLE RETRACEMENT SETUP.My previous DXY Setup invalidated since it broke below 0.618 fibonacci retracement levels. Will be looking for a bounce back up to 96.40 levels before heading back down. Could potentially see DXY head back down to 94.00 regions. That would mean that most major pairs such as EUR/USD, GBP/USD, AUD/USD could see potential long opportunities these weeks. Always remember that structure takes precedence over fundamentals. Fundamentals coincide with structure.
TVC:DXYShort
by marcopips
USD/CAD Long Setup If structure holds this pair should bounce back from its bullish trend line since the start of last month, and with added confluence of the 61.8 fibonacci level, we should have seen the end of this downwards correction. The bearish momentum of USD/CAD has been overturned since coming out the daily parallel channel and subsequently this pair has been forming higher highs and higher lows. This setup has a 70 pip stop due to NFP today and therefore should be sufficient to ride the "noise" however a clear break of this trend line will invalidate this structure, suggesting USD/CAD has entered a bear market. The setup has a potential of gaining 165 pips with a risk/reward of just over 2.3, which gives it good value to enter.
Long
by Shivam_93
USD/JPY Long Setup USD/JPY couldn't break the monthly support of 112.02 convincingly, hence a reversal in momentum following the rejection of this level. Price structure has been broken as the consolidation zone and both the EMAs have been taken out as the previous candlestick has closed above on the H4, enticing a strong bullish move. The 61.8 fibonacci retracement has been fulfilled on the daily timeframe which suggests that this pair can now continue to the upside once again. The previous bearish move was a well due correction and now we can see this pair fly back to 114.00 and beyond. 165 pips target with a 80 pips stop loss.
Long
by Shivam_93
BTCUSD- Understanding Structures in the Crypto MarketHi all, I felt compelled to spend quite a bit of time to create what I believe is an incredibly comprehensive guide to understanding the movements of the market. If you're tired of getting burned on every run, then look no further. Let's begin. You might notice a handful of purple and black bars in this chart- their purpose is to designate "structures", or zones of heavy resistance/support. They might take a moment to get a grasp of, but once you understand how to define them, it becomes easy, and you'll be to start predicting where a run will end with scary accuracy. To define a structure, you will essentially want to cover the .5-.618 region of a wave, although since waves rarely retrace exactly in that zone, you may want to expand your structures out a bit to cover wicks and outliers. Anyways, the easiest way to define your structure is simply by recognizing what our trend is. Would you be able to look at a chart and tell me when we've seen a bullish reversal or a bearish reversal? If not, it's quite easy; to spot a bullish reversal, look for a break above the previous high. To spot a bearish reversal, look for a break below the previous low. Obviously terms like "high" or "low" can be quite subjective, as there's a near infinite ways of looking at the charts, but having a bit of some background on Elliot Wave theory, Fibonacci retracements, and reversal candlestick patterns will help you recognize when a reversal is happening. The easiest way to try and find a reversal is by seeking out a definitive high and definitive low, and creating a Fibonacci retracement structure between the two. Let me go into detail a bit further below. If you reference the first picture above the chart, you'll see 3 blue arrows with a Fibonacci and a purple box. This is showing what a bullish trend would look like. To set up this structure, you must determine what your wave of interest is. In this example, we create our points based on the first arrow. In an uptrend, you will start your retracement from the top to the bottom, rather than the bottom to the top. The reason you want to do this is because you are retracing DOWN, so you want your retracement wave to head to the .618 in its respective direction. Anyways, as you can see, the second blue arrow is a retracement wave, and you can see that it touches the .618, ends, and then proceeds to start the third wave. Because we made a bounce off of the .618, we have confirmed continued bullish momentum. if we were to do a convincing close below the .618, this would more than likely indicate that a trend reversal is commencing. Understand that at times, we can be faked out by this, but this is the nature of trading. If you have a good trading strategy, you don't need to worry about losing trades every so often, so it's better to put your faith into something that's quite accurate rather than trade with no strategy in play. To keep in short (pun intended), whenever you are in a downtrend, the opposite applies to that of the uptrend; you will start your retracement from the bottom to the top. The same deal applies with the downtrend as it does the uptrend, in that a rejection of the .618 will most likely point to continued bearishness. Using these bullish and bearish wave structures are incredibly power tools that not only help you minimize losses, but they also give you the confidence to stay in a trade for longer than you might have realized was possible. Remember, if there's no clear signal of a trend change, then the trend will continue. So with these tools in hand, I went through every noticeable wave structure since the 3000 dollar range and determined wave lengths, which can be done by finding .5-.618 regions that appear to have found a lot of activity. For the most part, determining your wave structure will come down to common sense, but it takes a bit of practice to know where a wave starts and where a wave ends. If you look at each structure found in the chart, you'll notice they all start in different positions. I positioned each of them to reflect the date in which they first were established. As you can see, this is an incredibly powerful tool to have at your disposal, because it predicted the top in March, it predicted the top in May, and it predicted the top in July. Something tells me that this has predicted the top in September, too, but I'll let you guys figure that out ;). Additionally, the support structure (bottom purple bar) shows the rejection that we experienced in February, June, and August. I don't want to give too many details about my opinions or thoughts on what we have here, because this is meant to be educational over anything, but I hope that this helps you guys get a better understanding of what makes the market move the way it does. Feel free to message me if you have any questions, and be sure to shoot this a like if you dig what you've read. Happy trading!
BITSTAMP:BTCUSDEducation
by NickPadovani
2
Week 8: Are we going to see the 10.5k? =DSince the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders. Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since then, the Price is getting some seller pressure. If the price respects that resistance, it opens up 2 good opportunities to get long. Scenario 1 (Green Arrows) : This scenario is my preferable one, because: Breakout Confirmation of the Blue Structure Breakout Retest of the Head & Shoulders formation Fibonacci Confluence (61.8% from last leg & 38.2% from last bottom) If the price retests the Blue Area, I will wait for a candlestick formation to get long for a retest of the previous High Target 1: @9k and an extended Target 2: @10.5k Scenario 2 (Yellow Arrows) : This scenario is also a possible long opportunity if the price does not break and close below that area, because if it does, I will no longer be interested in a Buy, also on this scenario my targets would be more conservative: instead of aiming for an extended target I would only buy for a retest @7.5k for Target 1 and Target 2 a retest of the previous High @9k. If you like the Idea give it a thumbs up, leave a comment if you want to discuss it or have any question. Take care & Happy Pip-Hunting
Long
by xWolfxPT