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Topdownanaylisis

POSSIBLE AUDUSD SELL + MULTIPLE TIMEFRAME CONFLUENCE ANOTHER TRADE WITH MULTIPLE TIMEFRAME CONFLUENCE!! (VERY SIMILAR TO THE NZD PAIR) #TOPDOWNANALYSIS The weekly timeframe indicates a downtrend. Anticipation of a further Bearish Indication could also enable a long-term SELL opportunity. •1W - Current Market has reached the top of the weekly Trendline . The closed candle demonstrated suggests that a rejection has occurred when observing the length of the wick. We can therefore anticipate a bearish movement following on from the candle closure that had occurred as this indicates a rejection of the linear level. •1D - Current Market has also reached the top of the daily Trendline . The recent candle closure also demonstrates a rejection of the key linear level (Daily top TL). This is also followed up by a large bearish candle which is a clear indication that the buying power is over and that the sellers have emerged into the market which could then result into further bearish movement. In terms of entry, either instant entry or an anticipation of a Bearish Indication on 4HR time frame could also enable a perfect entry point.
by Basit-Abdul
USDCAD LONG SETUPToday, after the 4th bounce on the daily trend line (red), we have seen a 70 pips retracement and the M.A's have just crossed down so i think it will keep going down. If the price continue downside and touches the weekly ascending trend line (black), i think it could go up and try to reach at least the weekly supp at 1.32 as a short term goal. Buy limit order at 1.313, 67 pips take profit, 30 pips stop loss. A long term goal could be the blue rectangle zone above the daily trendline. If the price keeps going down after touching the black trendline, i think it will go to reach the last bounce in that trendline at 1.307 (blue)
Long
by m_farias
eur/usd short(red downside trend line based on H4 time frame and Blue trend lines are based on daily time frames) - daily downside trend line (blue) being well respected until now. -monthly, weekly and daily M.A's pointing bearish. - daily trend line well respected making lower lows bellow the blue daily rectangle. I think it will go bearish next days (H2 M.A's have already crossed for bearish) and it might try to reach last year's lowest price. target: 53pips / stoploss: 26pips / RR 2:1 if it don't go downside, it might try to retest the H4 trend line or it could go for a walk to the daily upside trend line
Short
by m_farias
MAJOR breakdown of USDJPY before market open, ENJOY (:Here is a major breakdown of USD/JPYu before the market open. It is 10:08 am on a Sunday here in Fort Worth, TX. Top Down Analysis is the key to my trading so providing you ladies and gentleme an insight in what I see with my favorite pair. I have not traded this pair as much since January 2nd, mostly because of the flash crash, but I am starting to see this pair correct itself and make moves especially with the open of the new month. Hope you all enjoy and make sure to follow my Instagram for more breakdowns and insights to my technicals and my everyday life (: IG: @issdrake
Long
by draked11
2
EURNZD LONG BIAS.Watching this week to see if price follows my expected prediction for this pair, for possible long plays. Top Down analysis and later following it up with my trading strategy to get a nice trade going to start off the month of February. Analysis: Price seems to be correcting before pushing up to possibly complete a 3-wave pattern corrective pattern before more downside. All that depends on future and how price moves in the coming weeks. Chart to be updated in tandem with that. Stay Tuned Happy Trading :) StellarKK
Long
by StellarKK
Following the trend 2 - USDCAD - retest entryAfter the Bears took control at 1.36500, a very strong bearish momentum has pushed the market in a strong downward trend, retesting off resistance zones as it continues to decline. As our previous trade successfully closed breaking past both of our targets. We are looking for another retest entry to profit from the bearish momentum. Steps needed: -Price needs to break past the support zone -Price must make a corrective movement back to retest the broken support zone. -We short the pair upon the confirmation of retest of 1.32536 As always we'll have multiple targets. Our first target will be at 1.31961 Our final target will be at 1.31611 Happy Trading -Juff
Short
by TheRZA
EUR/USD Short Setup Rejected the weekly resistance level with spinning top and pinball formations. Met 61.8 fib level on the daily and wasn't able to take that out and saw bearish momentum shortly after. Seemed to be a false breakout of the daily trend line and now we can see price action coming back to the downside and below the 8 EMA which confirms that this trend line should be respected. Using the dollar index as a confluence we can see it is well supported at the 96.00 level and should pick up some strength around this region which would add more bearish momentum to EUR/USD. Target 100 pips with 60 pips stop as price may come back up to retest 1.1460 once again.
Short
by Shivam_93
First BTC/USD Chart - ***Feedback Welcomed***So this is my first published chart work on Trading View. Using the fibonacci tool, I see the price action hit the 0.0% on 11/4 and then spiked close to the -27.0% on 11/7 Then after dropping down to the 61.80% and testing that zone for a couple of days before a spike down to the 78.6% all while pretty much respecting the trend line and counter-trend lines. So we should close the day right around $6305 (61.8-% FIB) and then attempt to move slightly higher to the $6380-$6400 region to align with the 18EMA Let me know your feedback on how you think I did or what areas I can improve.
BITSTAMP:BTCUSD
by freshinvest
Weekly Breakdown of EURUSD (Weekly to 15min) So here is what I see playing out for the upcoming week with EURUSD, it is my bias and style of trading from the Weekly down to the 15 min chart! If you enjoy this style of trading and want to learn more than please reach out to me and I would love to help, the best places to reach me are below... Contact me: -Instagram: @krystianstreit -Facebook Course/Community: Alpas FX - Forex and Crypto Currency Trading Have a great trading week my friends!
by EsotericTrader
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
SYMETRICAL TRIANGLE ON BTCUSD AND SUPPORTHELLO ALL THIS IS MY ANALYSIS BASED ON PURE PRICE ACTION ON BTCUSD AND THIS IS HIGH PROBABILITY TRADE WITH RISK REWARD 1:2 . SO MUST TAKE THIS TRADE …. HOW TO TAKE THIS TRADE? ONLY TAKE ENTRY ON THESUPPORT AREA MARKED ABOVE AS BLUE AREA AND TAKE ENTRY ONLY WHEN YOU GET ANY GOOD REVERAL CANDLE LIKE EVENING STAR , ENGULFING CANDLE OR PINBAR … STOPLOSS IS RED LINE MARKED ABOVE AND TARGET IS BLUE LINE MARKED ABOVE .. IF YOU LIKE THIS ANALYSIS THEN PLEASE LIKE THIS POST AND FOLLOW ME FOR DAILY TRADES LIKE THIS … HAPPY TRADING :)
BITFINEX:BTCUSD
by udit11
CHANNNEL ON EURUSD H4 WITH RESISTANCE .HELLO ALL THIS IS MY ANALYSIS BASED ON PURE PRICE ACTION ON EURUSD AND THIS IS HIGH PROBABILITY TRADE WITH RISK REWARD 1:2 . SO MUST TAKE THIS TRADE …. HOW TO TAKE THIS TRADE? ONLY TAKE ENTRY ON THE RESISTANCE ZONE MARKED ABOVE AND TAKE ENTRY ONLY WHEN YOU GET ANY GOOD REVERAL CANDLE LIKE EVENING STAR , ENGULFING CANDLE OR PINBAR … SL IS RED LINE MARKED ABOVE AND TP IS BLUE LINE MARKED ABOVE .. IF YOU LIKE THIS ANALYSIS THEN PLEASE LIKE THIS POST AND FOLLOW ME FOR DAILY TRADES LIKE THIS … HAPPY TRADING :)
by udit11
Dollar index trading updateI know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this. MONTHLY CHART On the monthly chart biggest dollar weakness seems to be over. The facts: -Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it failed. So now we aim back for the 92 area. -There are some channel and trendlines really important to the next price action: the trendline starting from 2011 made the 3rd touch in the beginning of this year (2018), which confirms this trendline. It's not the strongest trendline ever, but it's a thing you need to keep in mind. -The 92 level is very strong. 6 touches already which is quite a lot. Also, those trend/channel lines are close to that level. Predictiing what price will do if this drops of, price is likely to form up a inverse head and shoulder, which is also more evidence that price might go up. Conclusion : We are still in a bear market here, but we've got quite a lot of evidence that price is about to change direction to bullish in the near future. WEEKLY CHART Zoomed in, we see a clear rejection at the highs, actually indecision, but strongly rejecting the 'edge'. -Solid break above 95 means we see an uptrend starting. -For now, heading down towards 90 to test levels again for more support. Conclusion : Definitely bearish after the sell off around the 'edge' of the breakout level. DAILY CHART On the daily price already broke a wedge to the downside. -Price might struggle around the 92.5 area, but futher targets are down to 90. Clear wedge break. Conclusion : Same as on the weekly, bearish outlook. 4HOUR CHART Same view, little bit more data, still bearish.
TVC:DXY
by VanSteenMarketResearch
LONG GBPUSD Outlook and Projection Top Down Analysis1 minute ago This is my first post and I will like everyone reading it to maintain an open mind as I will be analysing the GBPUSD 0.03% chart based on current price action. Later I will discuss my trading strategy (and a bit about my 11years trading background) which should be easy to follow and do not hesitate to ask questions in case you felt I left certain explanation or you are particularly lost. The Sterling has been performing better than it's US Dollar 0.01% counterparty as of 9th August 2017 from October 2016 and it will be worthy to note some significant development to shape my decision making in the next coming weeks. As of today 9th August 2017 I will discuss a top down analysis approach starting with a weekly chart. There are are couple of fundamentals data coming out of US and UK,this data such as : CPI 0.18% in the 2 region Retail Sales University of Michigan Consumer Confidence data All these data in the fundamentals can have some impact in the move we can see in the GBPUSD 0.03% going to next week. 1.From my Technical Perspective,there has been a Weekly 12EMA crossover the 36EMA to the upside. I read this as a potential signal of trend change in the making and I will add some other indicative reasons to this to maintain a bias in the move I will be expecting over the coming week. Bear in mind I will always maintain Long,Short or Neutral Zone indication as price develops. 2.Before that Weekly Crossover to buttress or add to confluence of indications that I will be considering will be the Market failure.Market failure is an indication that price has failed to make a new lower low and this higher low is formed at 1.19873. If we trade below 1.19873 that new trend that is potentially forming has been reset and new reference will be the Real low. 3.A new High @1.3048 formed after the Initial High @ 1.2775/95 has confirmed the beginning of new trend. A new higher low will be followup @1.2639 4.A 2nd Higher High was formed recently @ 1.3268 to further consolidate my current long bias.At this high we hit our longer term down/resistance trendline @ the 8th point.This zone is a Huge Significant zone that can send the price of GBPUSD 0.03% Technically to a new lower low below 1.16496 potential to a new bearish target. And that is why the UK Manufacturing Production Data that is expected tomorrow can be of a directional biased in the currrent price action of GBPUSD 0.03% .The last data came out @ -0.2% and the previous 4 also came out missing expectation at negative numbers. Having 2 quarters of negative data released which tomorrow one is anticipated positive can send GBPUSD 0.03% rate down potentially a 6 months of negative fundamental data is classified as recession.Although technically price are looking strong at the back negative Dollar we are seeing currently in the market. 5.A new higher low is the expectation and thus I will be building my Longs around Support Zone: 1.29328- 3 Week Low 1.2945- Weekly 12 EMA as Support bounce 1.2989- 2 Week Low FOR DAY TRADING STRATEGY(Next 2-4days) Long Setup if the day close as a potential Doji The strategy will be I will split whatever 2% of my account capital is into 3 and take 3 different position at 3 different prices above. STOP LOSS will be managed around 1.2785 Targets will be looked for around d zones of 1.3050/100 Initially. SHORT SETUP Scenario BUT for a weekly Short Continuation should in case the data came in Negative for Sterling on a huge level tomorrow. Any close below Monday Low 1.2952 can resume the further Shorts coming into the Sterling against the Dollar to target a huge Support Trendline and 200EMA @ 1.2967 area towards Brexit low @ 1.2795 zone. As of the current moment when am publishing this outlook the GBPUSD 0.03% is looking a bit positive of about 0.1% and 14 pips daily range positive and for as long as we are above 1.2965 Monthly and 1.2988 Weekly Support area the bias is looking positive into some important fundamental d
Long
by BolaBalogun
More clues make an evidence! (CADJPY Analysis)Hi guys, i want to bring your attention to this situation on CADJPY. Here we are on the 4hr chart but i usually start my top down analysis from the daily. On the daily i've outlined with the black line the structure level where price is sitting right now. This is the first thing i look for to create a case for entry. Also, in the dialy timeframe price has recently gone oversold. As we go down on the 4hr you can see how price has reacted to that level. At the first test there's a pin bar (long wick), at the second test price fails in making new lows. What does it tell us? Maybe trend is changing. In addition to that, the RSI on this timeframe is in divergence. All this clues together boost my confidence on this particular trade. Stops below the low. Target1 at 1,20 RR roughly, target2 to be determined. Let's see. If you want to share your viewpoint, please don't hesitate to comment. Otherwise, see you in the next chart!
Long
by Roker1
5
LONG AUDCADHere on the AUDCAD we have what i see as a good opportunity to hop on what i am hoping to be a reversal or just a brief retracement from our bearish move on the higher time frame. I did alot of different analysis in order to get involved in this trade, so instead of typing it here i have decided to do a video tutorial on the analysis i did for the trade on my YOUTUBE channel in the hopes that anyone who is struggling at trading will get to see how to do top down analysis, price action symbols and other indicators to spot reversals and trend continuation opportunities. Go to my channel and subscribe so that you are alerted when i publish the video. Good luck trading! YOUTUBE CHANNEL LINK: www.youtube.com
by StevenH
1