Most of us have our own choice of MAs, depending on individual trading styles and market conditions. This is an old idea, but with the added advantage that multiple time frames and various moving averages can be looked at. I also added period spacing between adjacent members of a given MA family as a variable.
I'm staying with my bullish bias on eur/usd as the dollar is clearly getting weaker by the day. Today's Fed minutes will probably cause some short-term volatility spikes so I will be cautious if I am still in the market at that time, other than that the calendar is light today so overall market sentiment is what I will be paying attention to today for direction....
Hi Traders! The market is in a Downtrend. As always, let's begin with the daily Timeframe: You can see a descending Wedge (with one bearish Fake out). Consider the distance between the Trendlines: It is getting tighter and tighter. Because the market has fallen very much and reached now an Area of neutrality, we expect a consilidation now. Let's move on to...
I should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price. I'll be paying attention to Price Action to leave the necessary clues needed for me to react. Yesterday's P.A. had breached a level...
Stop Loss: 121.10 Entry Point: 121.86 Target Profit: 123.70 Good Luck! Do not hesitate any question for clarification.
Top-Down Technical Analysis: The monthly time frame shows a strong bullish signal Weekly also is bullish biased rather than bearish as candles are making higher highs and higher lows Coming to the daily time frame we can clearly see how the trend has switched from bearish to bullish as soon as we formed a double bottom and broke the previous lower...
Hello there, Price is forming Symmetrical Triangle in Weekly Timeframe. There's a opportunity to go Long for pair. Since the price was just bounce off the demand zone + lower Triangle line, we need to wait for another confirmation to entry, there's a possibility for price to either Reverse or Continue in the H4 Swapzone. So it's better to entry AFTER the price...
Good Day Everyone A look at the USDCAD pair from mutiple timeframes MONTHLY * on the monthly chart we are still trading inside that ARC formation respecting it to the T,we are within a ascending channel as we saw the CAD gaining against the DOLLAR pushing down. seems like the bears a re still in control on the pair the sentiment is that we are bearish on the...
Saw a double bottom at 15 min time frame. Wait for breakout and enter for long At bigger time frame, we have a triangle so TP is set on the top of the trendline.
It seems like GBP has lost it´s strength. Put this aggressive trade just off the H4 key level. Let´s go! Best regards, Becker Investments
everything is crystal clear on the chart. . . . . If you liked the idea click like and follow to see more upcoming updates. I'll be glad to know your opinion in the comments. This is just a bit of financial advice, do your own research too.
Fuchsia zones are HTF value area limits with supply zones from march, green zones are VA limits with demand. Flag movement with black line showing pole and rectangle showing flag. Looking for continuation once tests green dotted line at 1.1285. Exit at top of area 1.1379. 11/22 tick stop. If top gets tested first you could go for the pullback instead of...
EURUSD we are creating higher highs and higher lows on the Daily, which indicates that we are in an uptrend, so we are looking for buying opportunities. However we don't want to buy just anywhere. Buy low & Sell high. Prive has just reached a sensitive point from where we saw a major rejection around 2 months ago. I am expecting price to create a retracement from...
With prices inside higher timeframe supply (weekly Supply) and we see price on the daily timeframe broke upward ML showing evidence of sellers coming in. Looking for shorts with price inside weekly/daily supply.
DHT bouncing off of trendline for the third time. The 5 min chart is showing a descending triangle, which is technically a bearish signal, so I am going to wait for a bit to make sure that the price holds above the trend line. I hope to get in below $6.40. I'm willing to risk about 4.5% on this, which gives me a risk to reward of about 6.5 if all goes well.
AT&T stock look likes it ready to make a huge move to the downside =. It appears to have shown several sell signals, informing that there is a lot of bearish pressure. I have analysis of several different time frames, like comment and follow. I'm open to all differing opinions, maybe you see something I don't, if so feel free to drop a comment !
Weekly Time Frame Price retested the former low on the weekly timeframe, and met resistance Price also respected the 61.8 fib level Price formend a shooting star/bearish hammer candlestick pattern Daily Time Frame -Thursday candle closed as an indecision candle (showing the possible rally was coming to an end. -Friday candlestick was a large bearish candle...
Chart patterns on all time frames suggest that the pair in bearish mode. The price broke thorugh significant resistane level but regained to an extent however, technical indicators and price action suggest that the price of EUR will be in bearish mode. Take position around 1.08250 with 1st TP @ 1.07650