Well from the looks of the weekly long-term Gold has been ranging
it may look like this is and apex that has formed
the best thing in my eyes should be to await for w1 break of ranging zones
for proper swing trades lower time frames could still provide set-ups to trade
lets wait and see tell me what you think
Huge fresh bullish rally came on support level: 29150, historically three times 'V' shape recovery happened to this level,
and it sustained this time too. Now if somehow price back to support level, it is not going to break at sudden, huge volume accumulated compare to previous support level.
Overall trend is bearish, so respect of Resistance level is more...
BTCUSD is following bearish channel, recently breakdown the support level: 33770,
and landed on next and last support : 31940, and touched bearish channel lower,
accumulation is happening near support.
In this support level price reflected huge moment historically,
To follow Golden rule: Be with trend, (short setup could possible at 33770)
Trend line an hr....
This is the FAMOUS Setup. I call this famous because it happens in a way that if you look at it at the close of NY everyone can clearly see that this market went UP this day.
So if the same momentum was to continue then... if the conditions are met, as shown on the chart, we can take a trade in the Long direction.
Condition: if the market stayed within this...
USDCAD Multiple Time Frame Analysis and Trade IDEAS
Daily or Swing Trading Opportunity: Time Frame D1 or 12Hr Chart
The daily chart is showing a completed ABC zigzag pullback. I like to call this the PC pattern
We have opportunity both on the D1 chart to take the Next Wave 5 Down within this Wave 3 down
Also there is a potential opportunity for he Intra-Day...
Either at Tokyo Open or else at the Frankfurt Open
This will shoot up.
If price goes below purple then its invalid.
price must stay inside this box (ghost feed)
his is a particular type of forecast that we do on the Hourly chart but look for entries on the M15 chart
I call it the Famous Setup ...
So if you wake up tomorrow and see price behave as the ghost feed suggest, i.e. it stays within the boxed sideways range
IT would create an opportunity to go up into the Next WAVE 5 on the M15 chart...
remember if price...
The EUROS have been gaining nicely over the past 2 weeks. But it took a days' pause ...
today we see a nice outside bullish candle. Could it mean resumption of trend/ Most probably yes..
But I have an idea for the M15 trade tomorrow at the Frankfurt Open... lets find out...
The AUD/JPY like the other pairs and the indices has been rising up and up.
It has now reached a level where it found a bit of resistance.
Whether it will continue the trend upwards is a different issue. But in the meantime, could it actually give us a short term, intra-day sell trade on the m15 chart
Lets find out ...
The Two Day Play or The Famous Setup
Suppose Market Stays like this
Sideways within a tight range
Then at Frankfurt Open
We will have what we call the 2 Day Play
or The Famous Setup
For further explanation of this Setup check the link in description.
Time Frame : M15
Conditions it must meet:
At the Frankfurt open check that
Price created a sideways boxed tight range the m15 chart.
Price did not retrace more than 38%. Preferably stayed sideways as shown in the picture on the m15 chart to the left
Look for a breakout long. Tight SL 2 R target.
What violates the signal?
If price created a deeper...
![EURUSD: EUR/USD Buy Setup [The FAMOUS Setup]](https://s3.tradingview.com/1/1FubNbHD_mid.png "EUR/USD Buy Setup [The FAMOUS Setup]")
![AUDJPY: AUD/JPY The Famous Setup [Sell Signal]](https://s3.tradingview.com/q/QjRhZ9TQ_mid.png "AUD/JPY The Famous Setup [Sell Signal]")
