Being a retail trader isn't so bad as long as we can utilise all of the tools in our belt correctly. (Trendlines)
The pair is in a parallel channel. We can look for more downward movement.
Not sure if you've done this before. Cloning a trend line and moving it around sometimes gives me great awareness (and also beautiful charts). Don't forget that trading is not a science, it is an art.
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This is the analysis i did quickly for EURUSD using Linear regression . Disclaimer: This is not financial or investment advice Stay healthy, trade safe. Atilla Yurtseven
Okay, this is a simple trick with the built-in Linear Regression indicator. I have used two instances of the indicator, but with different sources. The first one uses price of an instrument and the second one uses volume of an instrument. Yes, it is possible to use non-standard source because the indicator has a special input for that. As result you get a simple...
KEY TAKEAWAYS An ascending channel is used in technical analysis to show an uptrend in a security’s price. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals....
Weekly chart has been made support@45 & RSI trendline breakout is showing that stock can go upside@54 65 85
ooking lower the next level of solid support arrives around the June lows; intra-day low at 13315 and lowest daily close at 13380. A breakthrough the lows will have the 2017 trend-line up next as the targeted objective. The trend-line connects not only 2017 low, but also the 2018 and 2019 troughs, making it a big spot should price fall to that point. It lies...
Interesting example of how the accelerated price action away from the longer term TL can create a nice entry criteria for a reversion back. In this example the support/resistance flip didn't quite come back to 32300 which meant my entry wasn't triggered, the difference 3 pips can make.
EURJPY Supply and Demand Zones. Respecting the trend we will be looking for more long positons.
EURJPY High Probability Demand Zone. Volume is high in that zone suggesting institutional orders.
EURCAD High Volume Demand Zone. Strong buys
Here is a method to track current trends and spot reversals. This technique combines two separate indicators, the Bollinger Bands (BB) and the T-Line . Bollinger Bands contain three parts. First is a 20-period simple moving average, the middle band ( purple line ). Second is the upper band and third is the lower band ( blue lines ). Both of the upper and...
Hello all, this lesson will be about my monthly/weekly, daily, 4h etc. supply/demands critical areas, so you can get a better idea why i use them. After you know the most basic thing about my analysis, we can start with the next baby steps in understanding price direction. This also goes for all of the structures such as closed triangles, trendlines etc. on the...
We recently posted about Gold and how to execute with better entries off of using price structure and patterns. The last comment we made is that we would be keeping a close look at Gold for any pullbacks that could show good price structure for potential buying signals inline with the current underlying bullish trend. We have zoomed into the 15 Minute chart to...