Get started

Trendanalysisexplained

Confirming Trends with the Lower Time Frames EUR/JPY ExampleHey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114.40. Like always, I'm watching the lower time frames to confirm whether or not I will get this pullback to 131.67. During the initial move long there were several confirmations of short term long strength on the 1M-15M charts through Trendline break outs then immediate breaks back into the trendline. ( Immediate break back in means: the break out candle's close and the break back in candle's open is at the same price level) Thus was expecting short term long strength. However, 8 pips from my short entry level, there was a legitimate 15M Head and Shoulders that went it's target height level before reaching the right shoulder's stop loss level. Signaling waning short term long strength. ( If long strength was present, price should ignore the H&S and not reach it's target height price level and stop traders out at the right shoulder's stop loss level. )( I can't explain the details here.) So price did not reach my short entry level at 131.67 by a whopping 8 pips! (Yikes!!!!) Soon after, there was a 4h trendline break out with no immediate break back in further signaling 4h waning long strength.(Ti----mberrrrr!) Currently, there was a downward 1h trendline that was broken out to the long side, with no immediate break back in signaling "slight" waning short term short strength. ( I say slight due to the 1h Trendline not being as prominent as I would like to signal waning short strength.) In this way, I measure whether or not I will get a pullback for higher time frame entries (Weekly trade in this case) using the lower time frames to confirm short term long/short strength. However, I also use this method to confirm higher time frame trends. Or as I like to call it, higher time frame "biases". I'll keep you guys updated with this short set up! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
ETH/USD: Short Position; updateRight now, Ethereum continue dumping. Ethereum doesn't hit my sell order limit at $3,230 USD by Daily timeframe. But my Daily analysis will be replace for H4 timeframe as we look a bearish continuation in H4 timeframe. I look that it's leading down to $2,760 USD, my point to take profit Trade Information: 1. Position: Short 2. Entry Price: $3,111 USD 3. Stop Loss: $3,220 USD 4. Target Profit: $2,760 USD 5. Risk/Benefit: 1:3. 6. Contracts: 1.35 ETH It's excellent the proportion risk/benefit. This will be my latest short position always I reach 25% of this month. I had accumulated 21% in my trades.
COINBASE:ETHUSDShort
by harisonhbn9718
2
It's the time to sell Ethereum here!!!I look in Daily timeframe the following 1. Price action show us that bears are taking control in this bear trend. 2. Ethereum make higher lower in the price 3. We look like resistance in that diagonal downtrend that forming a bullish rising wedge, and now it's work like resistance in that key zone. 4. Ethereum may to find down a level $2,780 USD. 5. And this point it's very important. if Ethereum continue showing a bearish structure and break down the zone of $2,780 USD, Ethereum could to entry in the sell-off and bears will raise the control over this trend. Now, that it's my 5 key point that I look in Ethereum. Also guys, I like to trade much Bitcoin & Ethereum, as these main cryptocurrencies, they've a lot volume by trades. Sometimes, I can to trade another coins like Cardano, XRP, Chainlink, Polkadot. But most of it, I usually trade more Bitcoin & Etheerum than another altcoin. But yes, sometimes I can to trade Cardano, XRP. Chainlink, Polkadot or anothers.
COINBASE:ETHUSDShort
by harisonhbn9718
BTC/USD: Shoulder Head Shoulder In this quickly analysis. I found out that Bitcoin forming a possible Shoulder Head Shoulder Inverted in H1 timeframe. It's considered a bullish pattern. But now, price action show some boughts in this zone as we need a extra confimation to know the next hours if Bitcoin going to up or maybe a fake pattern that could to develop. Now, it's interesting to look a market structure. We formed a Lower Low in this drop until this zone, we see a this bullish pattern Shoulder Head Shoulder in H1 timeframe. So, at the moment, we can't to entry in long position. I prefer to hope a candlestick pattern. In the next hours, I will update this analysis to know more!!!
COINBASE:BTCUSD
by harisonhbn9718
1
ETH/USD: Bearish Channel Etherereum could to forming a bearish channel in H4 timeframe, that perspective could be bearish for Ethereum as Ethereum price it's around of $3,780 USD approx. Now, in the live market, we look a bearish rising wedge in H4 timeframe. Now, if you going in H8 timeframe. There's a track to knowt that we are going to drop based in the price action analysis and move down toward $3,380 USD approx. So, I'm in short and I thinking today to entry in short position in Ethereum in H4 timeframe.
COINBASE:ETHUSDShort
by harisonhbn9718
8
BTC/USD: possible reversal into this demand zoneBitcoin it's in the demand zone, so, it's very easy to look and know this perspectve. We forming a harmonic pattern called Bullish Butterfly. Also, I look a risk/benefit 1:3. It's excellent to find up a long posiiton in Bitcoin to buy. But I want to buy in the market limit at $46,500 USD. Also, we look a bullish divergence in RSI and price action, but as I said here, I will put a buy order limit at $46,500 USD. Now guys, I look an interesting formation in Daily timeframe in the price action. If we closed up in this bullish candlestick today in 2:40 hrs more. We could to look a bulish reversal until $52,140 USD approx and then, look at this supply zone if Bitcoin will break up this resistance level. But I put a buy order limit, and also, I will check the Daily timeframe to know how the Daily candlestick close
COINBASE:BTCUSDLong
by harisonhbn9718
Bitcoin: What Scenario there in the chart?Bitcoin it's in the middle of this structure and price turn around $47,500 USD. Now, I believe that Bitcoin could to drop around $42k key possible level to confirm this level like support. But, we can't to say it. But in case that Bitcoin break the $42k, bears will go to crash the Bitcoin price toward previously level at 30k approximately. Also, another hypothesis that I put here it's that in weekly timeframe we look a formation of bearish pattern like double top and that will be a bear signal that bull rally just stopped at 68k (new higher price) But in any case, we should be prepare for this both scenarios. But in me, I'm bearish in cryptocurrencies and Bitcoin. But I consider this analysis like neutral.
COINBASE:BTCUSD
by harisonhbn9718
My Perspective On BitcoinI Personally do think Long-Term is the move. As we see here is seems we are repeating the may move but in a shorter term. Another way of seeing it, we could be testing the 100 Day Moving Average since we recently tested the 50 Day Moving Average from our last "Dip" back in September. If we can bounce where we are now then I do see us flying somewhere around 72k around mid January or early February. Remember this is just my perspective on the current situation in the market and highly advise you not to copy as this could take a turn for the worse at anytime when we least expect it to. Stay safe, Use Stop Losses for your next couple of trades while we are down right now and Happy Trading/Happy New Years! Twitter: @qoecs
BITSTAMP:BTCUSDLong
by qoecs
WALMART WEEKLY LONG TERM ANALYSISTechnical Analysis Summary WMT /USD TREND ANALYSIS We have 1 Downtrend in red color ( INTERNAL ) We have 2 uptrend in green color (Internal and External trends) Be careful trends need to be modified when broken to the new peaks (downtrend) and lows (uptrend). LEVELS OF SUPPORT We have 1 weekly level of support which is essential to be respected for WMT to continue its move upward and its a great entry level. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
NYSE:WMT
by husseindergham
XAUUSD Trend analysis OANDA:XAUUSD Bullish Indications 1- Formation of HH & HL 2- Inverted hammer followed by big Green Candle 3- Major monthly Support zone around 1780 4- 4H trendline support 5- support at 0.786 Fib level 6- Double bottom 7- Confluence of Horizontal support + Fib Level + Trendline bounce 8- For last 7 years, December is green for 5 years, 1 year is neutral and 1 is little red. So I am long biased. Even if Gold continues downward trend, it may show bounce from major monthly support area and if bears appear to be much powerful than act according to plan B otherwise plan A will be intact. Both plans are mentioned on chart Please comment for any suggestion, follow and support if you like the idea. Thanks and good luck.
OANDA:XAUUSDLong
by yousufrz
AUD/JPY: Sell structure in the trendAUD showing us a nice short position in my technical analysis in H1 timeframe, but more enfocous in H4 timeframe. In H4 timeframe we formed this sell structure scenario and we touch 2 times the resistance yellow and this could to show us another opportunity to open up short position in this Forex par. In the right hand, I post a mini-tutorial like a class to show you how this movement work in Forex. This it's similar what happen now in this par. I hope that this Forex analysis will support you!!! My entry short position was around $82.96 JPY and I put my SL at $83.43 JPY (38 pips) and target at $81.80 JPY (116 pips)
Short
by harisonhbn9718