While undergoing a series of confirmations involving the breach of two support levels and the crossing of MACD on the 4-hour chart, is it conceivable to surpass these indicators and reach the third support level? Currently in the learning phase. Disclaimer: The trading strategy shared on TradingView is for personal record-keeping purposes only and does not...
Been experimenting with various indicators and I try to keep it simple. The hardest part for me is to find a target using Ichimoku. I try to use and relearn Fib and pitchfork My Target is 475.33 and my support is the Kijun support and you can see it clearly here which is 466.68! LFG Now to the hardest part. I think I have learnt enough but I realize that...
In the higher timeframe, Bitcoin (BTC) is currently encountering two significant resistance levels that it must surpass for a more bullish movement to materialize. Why is it so strong? it's a 446-day resistance In the daily time frame "After each significant or sudden movement, Bitcoin has exhibited a tendency to consolidate sideways." here we can see a...
Good Afternoon traders. As many of you already know, Bitcoin has been rising rapidly throughout Q2 2023. The point of this post is to entice those who don't to look at the bigger picture. Perspective is everything, and whether you're trading crypto spot or futures, stock or derivatives, be sure to identify key support and resistance trading channels to look for...
Disclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome! Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July. A clear base has formed at the 0.041 level during this consolidation period....
Area displayed with a green rectangle: Shows the area of support or resistance in such a way that the width of the rectangle indicates the strength of the area. Area displayed with a red rectangle: This area is displayed inside the green rectangle, and the length of the rectangle indicates how valid the analysis is.
Hi Traders, If you've ever questioned your entry strategy or have entered too soon, or found yourself gun shy and entering after the party is over, then you may find this guide helpful. This isn't a over the top strategy, nor is there any special skill needed to apply it to your trading. I've found personally, that the easier and more simple it is, the better...
FOREXCOM:CADJPY I marked the pitchfork from the pivots on the weekly chart from June, September, and October. Confirmed with the Daily RSI and the Daily chart. It's very slight but there appears to be a bearish divergence on the RSI. I've only started dabbling in RSI divergences so I wouldn't consider this a confirmation, but it's worth noting. After...
I opened this last night. The RSI was oversold on the Daily and based on the previous trend I judged it would go bullish. I plan to hold for at least a week.
There are a couple ways EURGBP could play out. It still has some room to go down judging from the RSI. If it tests the bottom of the larger pitchfork and start moving higher I will enter a long position with a tight stop loss.
USDJPY is still playing out as I expected. I will wait to see the D RSI to be oversold before entering a long position at the bottom of the pitchfork.
I entered a short on EURUSD after reviewing the overall trend, H4, and H1 charts with RSI. I think there's a lot of room for it to run here as long as I don't get stopped out first.
I'm watching USDJPY to test a couple S/R levels before returning towards the median line. The D RSI is not where I want it to be yet to open a long so I'll keep watching and maybe update this idea tomorrow.
Watching for a confirmation on the H4 and H1 for a good entry. After a few losses I started to solidify my system and the confirmations I'm looking for. -Set the pitchfork on the Daily chart and Weekly RSI -Does the trade coincide with the higher time frame trend? (If no then no trade) -Is the trade returning to the median line (If no then no trade) -Will the...
I entered a short on USDCAD after reviewing the RSI. I have a partial TP at the Median Line that will trigger auto Break Even.
I marked a large support zone from a weekly line chart and a small resistance zone above the current price. The H4 RSI makes me want to wait for the price to test the resistance zone before a retrace back to the centerline that the D indicates is in the cards.
Following the pitchfork down. RSI - I started putting the Daily and 4H RSI on every time frame. I think it's much clearer seeing the long term swings on the 1H and 4H time frames.
Pretty self explanatory here. Waiting for a confirmation on the bottom of the pitchfork before placing a long and waiting for it rising to the centerline.