4hr Time Frame: Price looks like it is ranging in this market and testing a strong support zone. Reading price we can see that we are getting signs of wick rejection at this area that has reacted multiple times in the past If price manages to hold we can anticipate longs to .86300. However, if price breaks support, we must reevaluate price action. Due to the...
4hr Time Frame: Reading price action we can see that we are on a long term down trend and a short term up trend that is looking like it is going to reverse. Price is testing a key psychological support and resistance zone in confluence with a rejection candle. If price holds below this zone, anticipate shorts down to 1.24000. However, if price breaks above, we...
Going short on the back of the broken ascending TL retest in confluence to the inner 0.618 fib retracement and minor area of S&R. 1% risk
Possible sell strategy for gold. Use in combination with your favorite confluences. *Edit* The sell zone got tilted somehow between drawing it out and publishing. Sorry about that. It is supposed to sit above the top trendline.
Looking to enter shorts on the back of a broken ascending TL in confluence to the 0.618 fib retracement and previous area of S&R. Lowered risk on this order as we could see a breakout and shift in momentum (in which case I'll look to enter longs).
TREND LINES: The establishment of the downward direction of prices is evident in the recent price chart. Paying attention to the upward trend line, it is obvious that from the moment it broken from the exchange rates, it did not maintain its limits because the prices did not return within it. The evolution of this fact is the development of a trend channel in...
EXY is at a critical turning point which will judge its course in the future. Looking at the data in the charts, it is obvious that the sellers are trying to lead the index to lower price levels. Starting from the analysis of the trend and its momentum, in the price chart on the left, there is a downtrend lately which has led to the break of the lower limits of...
6hr Time Frame: Price is on an overall down trend which means we should be looking for long-term selling positions. Price has broken support and is testing resistance with signs of rejection. If price holds below resistance, we can expect price to fall to 1.52500. However, if price breaks above, we must reevaluate price action. Due to the uncertainty of market...
12hr Time Frame: Price is on a long-term uptrend and has broken above previous areas of resistance as new support. At the same time, we can see price is creating an inverted head and shoulders formation in confluence with long wicks pointing to the downside. If price holds above this zone, we can anticipate longs to 1.40000 and potentially 1.417500. However, if...
Hello tradingview army I'm back with another post , I hope everyone is doing good and taking care of themselves Today we are going to analyse the structure of Minda Industries a large cap stock from auto tech sector .In above chart we can see that this stock is trading in downward sloping channel from past 1 month, making structure of lower high and higher low...
Technically, £/$ is in the area of confluence. 20EMA + Trend Line Area + Demand Area Why not go for long even thou smaller TF are in the trend of DOWN. Good RR is seen here. Keep it simple.
This stock doesn't stay down for long. Sitting on multiple lines of support and down big past 3 weeks. Expecting a big move higher at least in the short term.
Confluence points detected for EURCAD after Multi-time Frame Analysis
price has tapped a confluence region, we have found areas of support around the psych boundaries. risk/reward ratio 1:1.5
Reading price action, we can that EURGBP is on a long term down trend so we should be looking for long term shorting opportunities, we can also see we had a huge shift to the downside with a potential retest of new resistance. If price manages to hold below this zone, we can look to sell it down to .85750. However, if price breaks back above current resistance, we...
Waiting for GBPNZD to breakdown and retest before entering. See post below for a breakdown of what happens last time GBPNZD was in this pattern. Stoploss: Above the previous high Target: bottom of the pattern
Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade. For this particular trade, those who were waiting for the third touch of the upper...