Daily charts represent series of data points where each data point is comprised of the price movement for a single day of trading. This chart type has been used for a long time by traders and typically applicable for swing or position trading.
I could see something like this play out.
Moving averages are the 50 week and 200 week but put on the daily chart (350 bars and 1400 bars)
Daily Chart Coinbase:
Weekly Chart Coinbase:
Bitstamp Weekly Log Chart:
Bitstamp Daily Log...
On this daily chart is significant move up from the are around 1.3171, where is my long level for the future.
This long level is based on volume accumulation.
In chart is marked the biggest reason why i waiting for this long... Dont forget that after go up from this level was THE BIGGEST long candle in this year.
What indicates strong buyers in the markets...
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Hi there, It's long trade, take entry according to your balance.
This is another view about EURUSD.
Currency rate is in 2 months range. In my vision, the best opportunity a long position will be near rang`s border 1.15.
Please support the setup with your likes, comments and... do what makes you happy. :)
The Cable dropped 240 pips last week and over 600 pips (!) the last 9 days without any fundamental reason I can find related to the UK economy or BoE, apart from some purchasing managers' indices missing their expectation. Last Wednesday the US ADP Non-Farm Employment Change missed expectation, signalling a potential miss of NFP on Friday, which did indeed happen....
yesterday we've talked about "222" Buy on 4H chart, as BTC stands at 5/8 Fib resistance and formed "222" Sell pattern.
Now there are new moments exist here that mostly have relation to the price behavior around resistance. Take a look at now significant action has started, market is coiling around
and price action mostly reminds a sideways...
USD CAD - 04/04/2019 - Daily Forecast - Elliott Wave Analysis (Based On RSI And Price Action)
Long Term Trend - Down
Best Entry Range For Sell - 1.33000 - 1.32500
Take Profit Range - 1.27500 - 1.27000
Stop Loss Range - 1.38500 - 1.39000
Please follow this signal with strict proper money management, this signal is for long term only.
For any queries, suggestion,...
This setup is one of my favorite. Previous failed reversal leading to another lower low, but with clean room for another attempt for some fibs.
PAC and TDI are showing signals that it could be right now, so with RR it's worth taking the shot.
No fundamentals here in play, just pure technical.
Let's see how this evolve in the following days.
Something interesting could be at play here with a broader picture.
If you take monthly timeframe on the left, we could expect a tag of the red trendline happening sooner or later.
Daily time frame gives us an entry based on TDI, with a clean cut.
We are a day late to the party but still RR seems quite good.
As usual, I would take a cautious approach with some...
EURCAD Buy Trade Idea Daily
The sell-off the past 2 days has now fueled price to return to February 22 trendline support.
The 1.506 - 1.509 level proved to be a strong area of demand seen from price recent visit there.
I expect bullish momentum to continue for this pair having respected the trendline 3 times before.
From that demand, we should expect price to...
Market has completed our former setup with upside retracement and forming of "222" Sell pattern on 1H chart (look for our previous idea on BTC).
Now, following this logic, we should get AB=CD drop on 4H chart right to our major support area around 4650. Potentially we could get "222" Buy as well.
Let's see what will happen...
We still keep on the table our downside short-term scenario with 4650$ target. On 4H chart downside action takes the shape of AB-CD pattern.
On 1H chart, in turn, we have clear "222" Sell pattern which should be completed around 5260$ Fib resistance. That's the point where downside action could be re-established
A similar setup to our current EURJPY trade, but with less room for clean upside. I'm not saying it's a bad trade, for my strategy it's less obvious to open this one. I'm seeing a hidden bullish bias on weekly timeframe. SL is higher than it should normally be in order to set up a good RR.
Sometimes it gives good results, sometimes it screws a good trade (look at...
Hey Trading Community!
Thanks for all the love on my last ideas and i hope everyone has a great weekend with a nice trading week ahead. We are looking at the NZDUSD where i took a position on Friday. Price is in a range on the daily chart since weeks. The bottom is marked in the grey box and was touched on Thursday again with a spike, indicating a bullish...