Get started

Topdownanaylisis

Learn How to Apply Multiple Time Frame Analysis Hey traders, In this article, we will discuss Multiple Time Frame Analysis. I will teach you how to apply different time frames and will share with you some useful tips. Firstly, let's briefly define the classification of time frames that we will discuss: There are 3 main categories of time frames: 1️⃣Higher time frames 2️⃣Trading time frames 3️⃣Lower time frames 1️⃣Higher time frames are used for identification of the market trend and global picture. Weekly and daily time frames belong to this category. The analysis of these time frames is the most important. On these time frames, we make predictions and forecast the future direction of the market with trend analysis and we identify the levels, the areas from where we will trade our predictions with structure analysis. 2️⃣Trading time frames are the time frames where the positions are opened. The analysis of these time frames initiates only after the market reaches the underlined trading levels, the areas on higher time frames. My trading time frames are 4h/1h. There I am looking for a confirmation of the strength of the structures that I spotted on higher time frames. There are multiple ways to confirm that. My confirmations are the reversal price action patterns. Once the confirmation is spotted, the position is opened. 3️⃣Lower time frames are 30/15 minutes charts. Even though these time frames are NOT applied for trading, occasionally they provide some extra clues. Also, these time frames can be applied by riskier traders for opening trading positions before the confirmation is spotted on trading time frames. Learn to apply these 3 categories of time frames in a combination. Start your analysis with the highest time frame and steadily go lower, identifying more and more clues. You will be impressed how efficient that strategy is. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
73
btcusdtperpHello dear traders I guess that due to the respect of the price to the upper line of the triangle that I drew a few days ago, we will have a cash collection from the top and then from the bottom, after which the main movement will begin. In the first case: I believe that the first price will hunt the upper line In the second case: I think the price will go down and then move up In any case, the part that moves quickly and boldly (either downward or upward) and the candle closes in the form of a shadow, the movement tends to the same side. So if you want to make a good profit and your stop will not be hunt, wait
by mehrdad-javan1
4
luck? i dont think so This time i definitely trusted my system and let it work, unlike i did on the EU, didnt pack an insane RRR but still in profit of a good 0.52%, trade has now tapped into the BE, if u guys analyse my way to manage trades can easily understand that its not made for these ridiculous RRR but for something way more serious that i did miss due to a lack of time to spend on the charts, and a lack of a decent TV plan. Luckily black friday is coming so, i could finally buy a decent plan; anyways, one of the things that i would like to point out to you is the fact that this position worked out with a centesimal precision ( first partial was at 93.72 and price went to 93.73 ) and this is only one of the things that we can always see happen, because market does not move in random way, but it works with the continous exchanges that are made from weak to strong hands. Anyway im currently looking to get some POIs and reenter long; recession is going to be long and harmful, so i'm afraid that oil prices will continue to rise and probably get to 129.42 at least. i will upload a new position hopefully with a good entry this time with some of my good RRR.
TVC:USOIL
by tommasomariacomini
EURUSD - Remains Heavily Under PressureStarting with the 4hour chart above. At time of writing this thesis, I'm not seeing any reasons to go long with this pair leaving only further downside probability in play. RSI is trading below 50 and larger timeframes remain bearish. See further details below. == DAILY == * Downside pressure remains * Trading below 200 SMA and 50 RSI * Bearish channel remains == WEEKLY == * Maintaining bearish channel * RSI minor indication of bearish resistance as it climbs above 30 == IN SUMMARY == Be cautious about going long with this pair as I'm not seeing any reasons technically or fundamentally speaking that confirm a buying opportunity.
Short
by Michael_Harding
EURUSD - TDA (Top Down Analysis)Starting with the daily, we can see price action managed to pullback to the 78.6% from the most recent bullish impulse to the upside. I'm not suspecting we may get a continuation impulse towards my target as displayed on the chart. == 4Hr == * Price action holding above the 21 MA * Support buffer between the 61.8 and 78.6 Fib levels * RSI maintains bullish momentum == 1Hr == * Wedge formation with 2 solid rejections candles in both directions * Waiting for breakout == 15min == * RSI Breaks above 60 with many holds above 40 * Maintaining ascending channel == IN SUMMARY == Waiting for bullish breakout on small timeframe to confirm my bullish setup towards the daily target as mentioned in the opening.
Long
by Michael_Harding
2
Detailed Trade Plan for USDCADStarting with the weekly view, this pair is maintaining it's bullish momentum as it looks to test the 1.40 area for the next level of possible resistance. On the other hand, RSI is giving us some early indications that this pair might be getting exhausted as it attempted to break and hold below 70. Let's now jump down to the daily timeframe for some better clues. == DAILY TIMEFRAME == Friday closed quite aggressively to the upside hovering just below the 1.39 handle. However, I find this pair quite interesting because of the unusual extended price action deviation we have from the 200SMA along with the divergence with RSI . If I were to guess, I'd say this pair is likely to correct in the days ahead based on the technicals currently presented. Let's now take a look at the 4 hour. == 4 HR TIMEFRAME == As illustrated on the chart with the ascending rays, price action is likely to maintain this trajectory for the time being. However, my intuition is telling me that a pullback towards 1.38 has a good chance knowing the fact we had strong rejection off the 1. 40 zone which here I point out as a possible fakeout. If on the other hand I'm wrong about my "fakeout" analysis, that would mean this pair very well could climb as high as 1.41 in the days ahead. For those like that scalping such as myself, let's take an even closer look at the 1 hour. == 1 HR TIMEFRAME == Most notably about the 1hr chart is that impulse "B" is greater than impulse "A" indicating strong bullish momentum still remains for further upside potential. Knowing the fact we had a strong rejection following a test of just shy of the 1. 40 handle, if price action is able to climb above that level, I would expect even further upside in the days ahead. On the downside, before we see a possible impulse "C", I would expect at least a retracement back down towards the previous range of consolidation we had last week heading in the CPI report. This would mean a potential pullback towards 1.3830 - 1.3800. If we break below the 1.38 handle, I would be confident that an impulse "C" as illustrated on the chart won't be as likely. The 1 hour chart did close out on Friday with a doji candle closing below the previous low. Lastly, let's take a look at the 15 min timeframe for my sniper friends. == 15 MIN TIMEFRAME == From the most recent bearish impulse to the downside, USDCAD managed to recover those loses and closed the day above the 61.8% retracement level. RSI is showing signs of weakness by providing some divergence with price action. Heading into the weekend close on Friday, it appears price action managed to break below the ascending mini channel formation. == IN SUMMARY == This pair still has some further upside potential to at least the 1.40 handle but I would expect to see some selling pressure around that area. Smaller timeframes are giving evidence that sellers are present so if you are looking to go long, be cautious for some rapid downswings.
Short
by Michael_Harding
Nas100 Anaylsis- Daily: Since 2022 we have been in a downtrend but we recently got a bounce off of a zone that i drew up on the weekly (Black line to the upside), which was also a bounce off of my fib zone (Not seen in markup) - 4hr - Not sure how strong that channel is but i like trading off shapes so we’ll see how it goes - 1hr - Interested in a sell, but want price to retest 12300 zone - Normally focus on buying when it comes to Nas but I want to focus on sell opportunities till my weekly zone is reached
OANDA:NAS100USDShort
by rokoro2
GBPUSD - Top Down AnalysisStarting with the 4hr chart above, price action made a strong push to the upside following this morning's weaker than expected US economic data. Currently price action is struggling to break and hold above the level of resistance. If we manage to break higher, expect the 200 SMA to act as potential resistance. Let's now take a look at the daily timeframe == DAILY == With the daily chart, if price action holds above this level of resistance, it wouldn't be much a surprise to see this pair climb up to where I mentioned my first bullish target around 1.2230. A break higher would expose 1.2630 for the next level of resistance hence why I have my second target there. Lastly, let's take a look at the weekly view. == WEEKLY == With the weekly chart, we can see RSI is managing to hold above 30 indicating a lack of the bearish strength. This pair is also narrowing in on 2 year lows which could act as a strong support level.
Long
by Michael_Harding
AUDUSD - Top Down AnalysisStarting with the 4hr chart above, we can see this pair made a strong push to the upside following this morning's US economic releases. Manufacturing PMI - weaker than expected Services PMI - weaker than expected New Home Sales - - weaker than expected Let's now take a look at the daily chart == DAILY == With the daily timeframe we can see Stochastics in indicating a buy signal as the moving averages cross over in the oversold territory. MACD is also indicating less bearish momentum as the histogram turns pink from red. However for the bulls, the upside might be limited to the 200 SMA which nicely correlates with the descending level of resistance in the bearish channel. Lastly, let's take a look the weekly view. == WEEKLY == The weekly chart still shows this pair potentially wants to continue it's bear trend. However, as noted above, if we manage to break above the 200 SMA, expect this channel to break and cause a potential bullish rally to the upside. That's it, that's all. Trade Safe
Long
by Michael_Harding
1
GBP/NZD Fundamental, Technical & SignalFUNDAMENTAL ANALYSIS GBP/NZD Price Impacting Economic Events *( GBP upcoming events are important and leading economic indicators and WILL impact price during trade, increasing volatility and unpredictability ) ……………………………………………………………………………………. GBP TODAY Economic Events: - Unemployment Rate ( 3.8 same as previous ) - Unemployment Claims ( -20.1k higher than previous ) GBP Upcoming Economic Events - Year over Year inflation rates ( Forecasted 9.5, .4% higher than previous ) - Gfk Consumer Confidence ( Forecasted -44.0, -3.0 lower than previous ) - Retail Sales ( Forecasted -0.2%, -0.3% higher than previous ) - S&P Global/CIPS Manufacturing PMI Flash ( Forecasted 51.9, .9 lower than previous ) *GBP Economic Condition Thesis: Peak - Early Contraction - Overheated/reached peak, BoE ( Bank of England ) recognized, understands and expressed the upcoming of a slowing economy through forecasted rates for economic announcements. ……………………………………………………………………………………. NZD Previous Economic Events - .5% interest rare hike, total 2.5% interest rate - Business NZ PMI 49.7 ( falling below 50 supports contraction phase in equities market. Lowering earnings, income and free cash flow ) - Year over Year inflation rate 7.3%, higher than forecasted and previous - Quarter over quarter inflation rate 1.7%, higher than forecasted and lower than previous NZD upcoming economic events: - Balance of trade ( 398M forecasted to be higher than previous ) - ANZ Business confidence ( previous -62.6, supporting consumers decisions to spend less ) NZD Economic Conditions Thesis: Established contraction phase from reaching peak . Increasing inflation addressed with dovish interest rate hike. BUSINESS PMI and Confidence levels are well below healthy conditions supporting contraction phase in New Zealand's equity market caused by declining consumer spending and higher prices for goods and services. ………………………………………………………………..……………………. TECHNICAL ANALAYSIS Price Action: - Trading above Mid Term Downtrend( 8 months ), within short and long moving averages and near 52 week lows. Volume: - Relatively more selling than buying in most recent sessions and 1 random spike in both buying and selling volume above average 2 days short of 1 month. RSI: - Neutral between 50 - 25 Oversold Vortex: - Converged and starting to form a bearish cross above bullish trend momentum. ………………………………………………………………..……………………. SHORT SIGNAL: - Sell Limit 1.96600 - Profits 1.92700 - 1.89500
by charrison4300
btcusdtperpHello my comrades 1. As you can see in the bigger picture (weekly time frame) The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps with several areas of demand. 2. Below is the last support which is between 29920 to 28870. If it is lost, I have to give a new analysis. 3. Most importantly, the dollar dominance chart is approaching its resistance level and this will cause a positive market reaction. 4. Although the level of 34242 has disappeared, the candles are still rising in 4 hours. We can see a Short squeeze
by mehrdad-javan1
6
btcusdtperpHello my comrades 1. As you can see in the bigger picture (weekly time frame) The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps several zone of demand. 2. Below is the last support that is in the range of 29920 to 28870. If it is lost, I have to give a new analysis. 3. Most importantly, the dollar dominance chart is approaching its resistance level, and this will cause a positive market reaction.
CRYPTOCAP:USDT.DLong
by mehrdad-javan1
2