Get started

Topdownanaylisis

EUR NZD Top down AnalysisMonthly Chart: At a monthly resistance area 1.85389 after being on solid uptrend. Currently Monthly Candle is a large selling candle but this could just be a pullback. With only a few more days left in the month, I will have this pair under close watch knowing we are at a key monthly area Weekly Chart: Price recent burst above the resistance area before reversing back down on the weekly chart but does not drop below the 50ema giving me a bullish bias still on this pair. There is a weekly SR lvl that price is currently respecting above the monthly SR area giving us further bullish bias. Price on the weekly is currently in a downtrend illustrated by the downward trend line but on the weekly time A fib tool was drawn from the recent swing low to the swing high to confirm price is currently in between 0.5-0.618 retracement level meaning this could just be a pullback and price could continue its uptrend. Need confirmation using price action data to verify pullback Daily Chart: The daily candle is showing a bullish flag pattern. On the daily charts we see price is currently near the 50ema for the daily while also respecting the newly formed SR area. Am now looking for the of flag pattern and confirmation on all time frames before entry
Long
by Deleshipp
1
EUR/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/USD. Let's start with the Top Down Analysis. Monthly: The monthly timeframe is in a strong downtrend. Weekly: Weekly is bearish too. From February 24th to March 30th there was a massive price action. Daily: If we don't go back too far on the chart we see a LL, HH, LL and a HL. This confirms the downtrend in the short term. H4: We see on the H4 timeframe a counter trendline break and i expect a push to the lows. Have a nice day.
Short
by Bullandbeartrading
5
USD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CHF. Let's start with the Top Down Analysis. Monthly: Since march 2019 there is a downtrend with stagnation from july to november 2019. On december 2019 there was an imense bearish price action with a huge candle that closed under the previous lows. Weekly: We see on the weekly timeframe a beautiful downtrend. Daily: Since March 10, the price has skyrocketed, then he corrected himself and now we have an opportunity to jump on the trend. H4: Here we see a counter trendline and expect a push to the lows. Have a nice day.
Short
by Bullandbeartrading
1
EUR/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/USD. Let's start with the Top Down Analysis. Monthly: We see on the monthly timeframe a strong downtrend. Weekly: The price touched the weekly bearish trendline. Overall the trend is bearish. Daily: 1. The daily timeframe shows a head and shoulders pattern. 2. The price retested the trendline. 3. After the touch from the weekly support level the price retraced to the daily resistance. Prices can react very strong to the weekly support but since the price reacted very well to the daily resistance (pushed down), it is possible that this movement has an end. 4. The right shoulder touched the monthly resistance and pushed very strong down. Have a nice day.
Short
by Bullandbeartrading
9
EURJPY SHORT TRADE, BEARISH REVERSAL? 600 PIPS POTENTIAL!! Happy Monday everyone!! After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us. Monthly Time Frame - Downtrend line potential 3rd touch - Support breakout 128.803 currently on pullback - Bearish Engulfing candle: Resistance at 123.318, Support at 120.008 - Sell signal identified Weekly Time Frame - Downtrend line potential 3rd touch (similar to monthly time frame) - Support breakout 121.674 current on pullback -Bearish Engulfing candle: Resistance at 123.357, Support at 121.259 - Sell signal identified Daily Time Frame - Support breakout 122.506 - currently price had already touch this support and move, creating engulfing bearish candle, this where i found my sell confirmation. *ENTRY POINT EXPLANATION* H4 Time Frame - Lower low structure formed, 122.821 as high and 122.075 as our new lower low, breaking 122.212 as last week support. - Double top formation formed at 122.821 as resistance, WAIT FOR PULLBACK to neckline 122.633, than we can good to sell If this really monthly reversal movement than we might catch 600 pips more at last support 116.470 Thank you for looking at my analysis, this is my point of view on EUR YEN, whats yours? please let me know on the comment and i hope we can be friends ^^
Short
by TinyFX
NZD/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/USD. Let's start with the Top Down Analysis. Monthly: The monthly timeframe is overall bearish but the last months are strong bullish. Weekly: The last weeks are bullish. Daily: We can recognize on the daily timeframe a bullish trend. H4: We draw the counter trendline on the H4 timeframe. We see a clear break. As well the price touched the daily support. The target is the daily resistance. Have a nice day.
Long
by Bullandbeartrading
2
USD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CHF. Lets start with the Top Down Analysis. Monthly: We see on the monthly timeframe a very strong trendline . The huge monthly candle from december broke the trendline a little in the violent fall. But this is not too bad if you come to the bullish arguments from the weekly timeframe . Weekly: On the weekly timeframe we see a perfect weekly candle close above the trendline . The second point is the touch from the market on an important level. The target is the 0.99000 key level. Have a nice day.
Long
by Bullandbeartrading
2
#EURUSD Positioning For Huge Rally - Top Down Weekly AnalysisHi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on multiple time frame for accurate entry, stop and exits. Please like, follow and share if you find value in this analysis video.
Long
by vikinsa
GBP/AUD Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/AUD. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in very strong bullish trend with nice up and down waves. Weekly: Weekly is very strong bullish too. Because of that strong trend a bearish engulfing occurs at the 16.12.2019 included a huge bearish candle. Daily: The price breaks a bullish trendline and breaks a bearish trendline but the bearish trendline is closer to the current situation that's why it's more important. H4: The price breaks out of the counter trendline and that's why my view is long for this currency pair. The bullish daily trendline is also still intact. Have a nice day.
Long
by Bullandbeartrading
XAU/USD quick scalping SHORT!!Top Down Analysis WEEKLY TIMEFRAME So when we look at the weekly timeframe we see price action has rallied all the way to 1550 and its having a hard time to retrace all the way to 2 key potential key fib level which is around 1410-- 1400 .so we have an expectation of price to drop to about 1410 before shooting up. DAILY TIMEFRAME So based on our weekly, we see formation of lower high and lower low in the daily timeframe , coinciding with the weekly. giving us a good confluence for a potential drop . so when we draw our target based on our lower high and lower low. we see price is completely respecting the 61.8 % which we saw a drop but didnt reach the potential extension level around 1430.00 H4 and H1 TIMEFRAME we completely see price consolidating at around 1476 to 1450 and when you look at the previous lower low we see break of structure and a potential retrace to about 61.8% before further drop .We see price retracing now from the previous high 61.8% and we see clear rejection on the daily and H4 so we need to see break of structure in lower timeframe plus , reversal candlestick before shorting!! so our Gold short target1=1465 target 2=1461 target 3=1452 NOTE SINCE XAU/USD Is so volatility keep your risk minimum and and move your stop loss to profit.
OANDA:XAUUSDShort
by ShinForex1
NZD/USD UPDATED POTENTIAL SHORTSo as i said last week we we tapped the weekly resistance plus price have rejected the weekly 61.8 % retracement level . Yesterday when the market open we saw a gap and price open bearish and tested the previous last week low 3 times and we see price highly rejectded giving us more confirmation for short. Also we see break of structure in the H1 which confirms the potential of change of momentum to the downside TOP DOWN ANALYSIS WEEKLY TIMEFRAME So from the weekly timeframe we see a price is in a downward trend with respective "LOWER HIGHS'' AND ''LOWER LOWS'' when you pull the fib tool you currently see price perfectly at the 61.8% retracement level,which is the golden retracement level. Also the other thing we notice is break of structure at around 0.64400 on weekly timeframe showing a potential for change of trend. More the candle breakout with large momentum( in candlestick language i mean we have a big ass bullish long candle) so shows there is strong buying power to the upside we have a key weekly resistance at around 0.65700 ,few pip away from the 61.8% fib level. so we could see a potential market manipulation or fakeout before retracing .always wait for confirmation from candlestick reversal pattern and shift of momentum in market structure before shorting DAILY TIMEFRAME So since we noticed a break of structure in weekly timeframe . lets break it even more down in the daily. we draw our fib from the higher low at around 0.63278 to the current price which is 0.65600 so we see price retracing all the way back to test the broken resistance that became a support ,confluence with 50% fib level. H4 &H1 TIMEFRAME We see steep slop of the uptrend, all we have to wait is rejection from the 61.8% weekly fib level or rejection from 065700 and shift of momentum. meaning price has to change trend from uptrend to downtrend in lower timeframe like M30 or M45 Note WE HAVE NFP Tonight so be cation with the trade!! if NFP comes out positive we shall see strong bullish move in dollar. which is good for nzdusd short always use proper risk management and document your trading setup our NZD/USD SHORT target 1=064700 target 2 =0.64500 thank you and please follow me to get more updates
Short
by ShinForex1
Bitcoin, what's next?Welcome fellow Tradingviewers, We will be looking at the price action from Bitcoin using a top down strategy where we are going to analyze down from the monthly. Monthly: - The last monthly candle did NOT close as a bearish engulfing which was important for the bulls to not loose all the strength. - The RSI is in neutral position. - The MACD is starting to make a bearish crossover, which can still be averted this month. Bearish. - Moving averages, Bullish. Weekly: - We are currently looking at a golden cross where the 50 MA is going to cross the 100 MA. - RSI neutral. - MACD is still in bearish territory and now crossing below 0. Bearish. - The last weekly candle closed between the 50 and 100 MA - The last weekly candle volume was overriding the big bearish engulfing candle that we saw 2 weeks ago, which usually is a very bullish sign. - Moving averages, Bullish. Daily: - Daily candles have not shown much except confusing. Neutral. - RSI is in neutral territory, coming from oversold. - MACD has just crossed bullish. - RSI and MACD convergences are to be seen on the daily graph. Bullish. - Moving averages, Bearish. 4H: - Still below the 100 MA, needs to close above to try and attack the 200 MA till then bearish. - Had a breakout of the bearish wedge, target would still be around 6600. Bearish. - The last 4 hour candle has closed as a bullish engulfing, resulting in the pump afterwards. Bullish. - We bounced of the neckline of the inverse head and shoulders displayed 22-27 NOV. - RSI going into oversold conditions, Bearish. - MACD has just crossed Bullish. - Moving averages, Neutral/Bearish. Taking all of these facts into account gives me a pretty decent view on Bitcoin. so what's next? The pump of today has already corrected over 50% which usually isn't that great of a sign. Preferably this 4 hour candle is going to close above 7600 to find support on the 100 MA, to try and attack the 7800 resistance area before going for the 200 MA located around 8200. But there is a big chance that we don't close above the desired MA which would mean that this whole rally was just a whale (or some whales) shaking out the guys who shorted the lows. Indicating that this simply was a retest of the resistance and that we might continue to fall. Overall: Monthly: Neutral Weekly: Bullish Daily: Bullish Short term sentiment is hard to say with these low volume spikes going everywhere. This analyses is only showing you guys my vision on BTC and should not be considered as financial advice. If you agree or find this analyses useful, don't forget to leave a Like ! Let me know what you think in the comments below! Kind regards, Forallcrypto
BITSTAMP:BTCUSD
by ForAllCrypto
5