AUDCAD - Monthly - Multi-Timeframe Analysis Series 1Introduction
I'm starting a new multi-timeframe analysis series and using TradingView to document it.
Objective
The main objective of this multi-timeframe analysis series is to bring together the knowledge I have gained over the 4+ years of trading, and encourage me to consciously use that knowledge rather than working out of habit and 'instinct' which is so easy to do.
I also hope that anyone who chooses to read these series will gain some useful knowledge.
Please feel free to share your opinions with me in the comments, but please remember that my opinion may differ from yours. If I've learned anything, it's that 2 opinions or biases can co-exist and both play out to be successful.
I hope you enjoy
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Comments
I've identified the Monthly timeframe to be trading nicely within a range between 0.9200 - 1.0250. This means any moving averages cannot be considered for 'trend bias' on this timeframe, only to be considered as obstacles for things such as entries and exits (profit taking) during the move between the range.
After a bullish low test reversal candle at the bottom of the range, price rallied up to the Monthly 50 EMA where it acted as dynamic resistance, and has since retraced down to the 61.8% fib retracement (which coincides with the high of the signal candle). At this level we've got a Monthly Inside Bar, which is a sign of indecision.
Key Note
Think in terms of crowd psychology when it comes to things such as the Monthly 50 EMA in this example. Traders will be taking profit there as well as short seller placing orders.
Inside Bar
gbpusd bullish set upon the gbp/usd, I drew up some basic s/r lines which have been tested both ways e.g (support being tested for resistance and vice versa). The support line where price has touched seems to have respected that area so I am hopefully preparing for a set up.
There are two outcomes to this, either price breaks support and retests the support zone below it OR price retests the current support zone and bounces off it.
either way make sure to check on this set up and also I have seen a inside bar set up on the 4hr timeframe and will include this in my analysis.
SI XAGUSD Silver - Bullish Inside Bar Fake Out**Keep in mind that the daily candle is not yet closed. This pattern is not officially in place until today's candle has closed.**
Silver has formed an inside bar / pin bar / fake out pattern. This is where price winds up to form an inside bar, followed by a breakout and immediate pullback into the other direction. Price will still need to break to mother candle to get things moving but so far we have the beginnings of some bullish price action that could take this market even high.
US30 inside 4hr-- gotta long wherever it breaks!The inside week breakout for SPX500 was AWESOME!!
Here we got a inside 4hr for us30.
If it breaks to the upside, it will be a simple trend-following inside bar breakout;
while if it breaks to the downside, I'll be also interesting in the demand zone long!
Let's see how it goes!
ATVI inside day after earnings and the gap filled!ATVI had a disappointing earning report and dropped sharply to be cut to half from it peak.
Bad forecasting, bad growth rate, layoff........and so on.
There must be some problems yet to be solved for the company, while in terms of technical chart, it could be an opportunity, too!
Here we got this inside day after earnings and it's off the gap support, BABA had a wonderful bounce after a significant gap filled, which was a similar trade!
Still, although I play much less HearthStone recently, I like the company and I'm willing to buy some dip with solid set-up.
Only want to take the breakout long for this inside day yo!
Let's see how it goes!
SPX500 inside week, quite an important one!Inside weeks breakout is always important when it comes to short-mid term trading.
This SPX500 weekly chart can be taken as not only a downtrend just finished its 21ema correction, but a strong 3000 pips rally.
Analysts can say anything wherever it goes, while traders can trade so many trades wherever the inside week breaks!
Pretty simple, let's wait for the breakout and trade in line with the direction it breaks.
Let's see how it goes yo!
AMD inside day after 8ema correction of the earning gap!AMD had a very strong 30% move from 19 to 25, and it's having a nice little pullback here.
Yesterday was an inside day and I would love to long the breakout today!
If it breaks to the downside, this trade doesn't exist anymore.
Let's see how it goes!
EURUSD - Inside Bar Pending Break UpEURUSD has gone through a full week of retracement, forming a falling wedge in the process.
There was then a fake break below of the wedge as the price rebounded back into the wedge.
An inside bar was formed in the H4 chart, awaiting a break above to confirm that the end of retracement, as well as the beginning of a new wave of a bullish trend.
Wait for the price to break above the inside bar zone, and long as it retraces back to the zone.
USDCHF Short - H4 Inside Bar at Supply Zone 1.00USDCHF has climbed for the 6th consecutive days but is seen exhausted as it is about to reach the key supply zone 1.00.
The dollar is also seen resisted as it reaches key level 96 and is prone to a retracement anytime.
USDCHF has formed a rising wedge and is nearing the end of the formation which will highly cause the price to break down and fall.
Additionally, there is an inside bar formed in H4 chart and there's sign that the price is breaking below.
To conclude, traders can consider going in for a short now but stop loss is recommended to set above 1.0020 should the inside bar formation fails.
but once the break down is confirmed, stop loss can be shifted just above the inside bar and traders can consider to add position to gain bigger profits.
USDJPY inside day after 21ema correction, how to choose?When it comes to an ema correction, there will probably have a larger time frame trend and a smaller time frame trend that conflict with each other.
Most of the time, we respect larger time frames more so that I always say "an 8/21 ema correction won't change the original trend" .
It'll be even better to have signals like inside bars when ema correction finishes; just like this USDJPY today.
If it's able to break to the downside, it's a no-brainer short with very little risk!
On the other hand, if it's able to break to the upside, a smaller time frame uptrend will also show nice continuity!
Still it's a much better short than long for me though.
Let's see how it goes yo!
DXY daily supply zone short opportunityThe day before yesterday was an outstanding inside day breakdown!
It formed a nice supply zone right there!
Already a clear downtrend, 95.70 is both a spot for supply zone and structure pullback.
I'll be very willing to take some dollar short.
Let's see how it goes!
Daily Inside Bar on Goch XAUUSDThis inside bar is about to break to the downside.
trade to the downside whenever you feel comfortable with the price action on lower timeframe.
stopploss above the inside bar 's high or above the high or abve the origin of the last downmove on June 15th 2018...
Calculate risk and calculate lot size!
have fun!
BTCUSD inside week after a bat pattern;time to choose direction!Hello TV happy new year!
BTCUSD had an inside week last week after it almost hit the entry of the bat.
While also, it could be taken as a downtrend just finished its 8ema correction.
Both of the above reason makes this inside week breakout so important!
So the strategy is quite simple: wait for the direction of the breakout and trade in line with the direction it breaks!
Let's see how it goes!
AUDUSD inside day breakout at 0.618, with a 4hr demand entry!Here we got a multiple conviction trade!
Aussie hit its daily 0.618 spot and broke the inside day to the upside just now,
which makes me interested in taking some long trades today!
As I missed the inside day breakout, I'll turn to this 4hr pullback long trade!
Let's see how it goes!
AUDJPY 4hr supply zone short opportunity!Today is a interesting day that both AUDUSD and USDJPY broke the inside day @ NFP earlier in Asia session.
Despite not having very strong momentum by the time it broke, an intra-day AUDJPY short still interests me!
So here we got this 4hr supply zone short trade, kinda a low risk trade with the out @ the inside day high.
Let's see how it goes yo!
XAUUSD inside hour and structure breakout pullback longXAUUSD has an inside month in November. Basically the direction it breaks will pretty much influence how it closes in 2018.
While, there are still many intraday trade opportunities!
Here we got this inside hour after a significant structure breakout to turn bullish, so here are the plans:
1. take the inside hour breakout long
2. wait for the pullback long off the structure.
I like both trade, although the plan 1 will be stopped out before the entry of the plan 2, but it can be taken as an chance to get on the train if it didn't pullback that much!
So my plan is to trade this 2 trades separately with less risk on plan 1 and more risk on plan 2 .
Let's see how it goes!






















