GBPJPY potential buy setup formingOn Daily: price is currently sitting around support 130.0 so we will be looking for objective buy setups on lower timeframes.
Unless price breaks our support downward aggressively, then a movement till 125.0 would be expected and we will be looking for objective sell setups on 130.0 retest.
On M30: price is currently trading inside our red channel (not objective yet). we are waiting for a third swing to form around our upper red trendline for it to be valid and then enter on its break upward.
our entry would be above the last swing that forms around the red for extra confirmation (not the trendline break)
we also have divergence forming on MACD adding more confluence to our buy setup.
Support
SUGAR - CHEAP for coffee! #COMMERCIALS LONGHi traders,
today´s analysis contains information about possible COT trade in the SUGAR. Commercials increased their Long positions, and we are near the extreme SUPPORT level - Edge of the Value area!
Sugar also created a nice REJECTION that confirmed our expectations. Do you remember "Buying tail" from the last videos? Sugar´s tail is one of the most beautiful ones.
Do I enter the trade right now? No!
I am waiting for the 123 pattern that is safer. It´s the last confirmation I am looking for.
Remember - trading is about connecting the dots. And that's what we do in the video.
Good trading,
Jakub
FINEIGHT
EPZM - Young MARKET but strong LONG setup!Hi traders,
today´s market is very interesting for me because, during the analysis, I have found many confirmations for my thoughts.
I am expecting a LONG in the NASDAQ:EPZM market . INSIDERS increased their LONG positions and their behavior is confirmed by Price Action analysis.
What else do we need?
In the video, I focus on:
- Volume profile (Value Area)
- Point of control
- High & Low volume nodes
- Fibo retracement
- Support and Resistance levels
- Candlestick patterns
I hope you will enjoy the analysis.
Good trading.
Jakub,
FINEIGHT
Description of the X-Lines indicator. Important levels automaticA brief description of the X-Lines indicator. Important levels automatically.
Hi, friends! Let's looked how you can absolutely automatically mark all important market price with x-lines indicator.
Its free for use. Link below.
Planning intraday trade in $AAPL night before - KNOW THE DAILY!!This is a great example of how keeping certain things on watch and just taking 30-60 seconds each day to glance at and mark the daily chart can help you find intraday setups (with the initial levels coming from the daily chart).
I don't know for sure as I keep this chart on watch so I'm always familiar with the levels... but I truly believe IF I DIDN'T know this chart well and just glanced at it while intraday scanning... I don't think I would see the setup in time to trade it.
Yes - it takes extra work to keep high beta names and in play names on a separate watch list... they aren't "exciting"... but just 30 seconds to look at the chart each day can really pay when the stars align and they present a clean setup.
xeenos trading - sending positive energy to all those watching
BEAUTIFUL INTRADAY setup on $BA BOEING today - using daily chartGreat example of using the daily chart to find major levels, 10m (or your preferred shorter time frame to find intermediary levels) and then a low time frame to pinpoint your entry.
I wish I traded this one better - I took it off way to soon but the market has just not given me follow through past my first target this week except for one big trade I had in AAPL (I trade with 2-3 targets in my normal execution routine).
xeenos trading - sending positive energy to all those watching
CLEAR ascending support on JPM - and we are lazy at it right nowAscending support on JPM - some will also identify the pivot highs calling for a triangle pattern.
Keep an eye on this support level if the market gets weaker - looking for things that were already lazy when the market was strong... looking for those to then get even weaker when the market gets weak... this is a good way to find intraday setups!
Hope this chart perspective helps the community
xeenos trading - sending positive energy to all those watching.
WHEN a plan comes together! $103 level on $DIS from todayHad this $103 level on watch pre-market. Got a nice entry on the break of the level.
Stock selection and level selection are both key! Stuck to my plan... only hit target one but a decent trade non the less!
I cover my entire watchlist and watchlist performance report (2 part daily series) on my YT xeenos trading
Sending positive energy to all the traders out there! Look forward to putting out more charts to the community!
BTC $6350-$7400 zone - NEXT WINDOW ABOVE???This $7400 level had been a recent pivot and we are approaching it - bulls are looking to clear and remount $7400/$7500 area for the next window up to $8400.
Hopefully this level analysis provides some perspective on possible pivots in recent history which may come into play in the near future!
Chart analysis - drawing support and resistance levelsHello traders!
Today I have got a video for you describing my way to analyze the chart and draw support and resistance levels. I have taken a look at EUREX:FDAX1! and went from the higher timeframe to the lower ones. The idea is to find the strong levels on higher timeframe and then adjust them on the lower ones according to the latest market activity.
I hope you enjoy this video and let me know at the comments what is your way to analyze the chart.
Take care.
FINEIGHT Team
Very "old" trend-line in Starbucks - **IT WORKS**Good morning traders,
Starbucks NASDAQ:SBUX hit a very strong Trend-line. We connected two points that are several years away and it's really interesting because it really stopped the market!
This analysis contains not only a description of the current situation but is also partly EDUCATIONAL.
The video content is as follows:
1. Market Profile (PinBar)
2. Volume Profile
3. Value Area
4. Trend-lines
5. Gaps
6. Zone trading
We combine these points to create the whole picture.
In the future, we plan to set up an alert manager for this type of trades so we can share it faster.
Have good trading,
FINEIGHT team
EURJPY Price is is just waiting for a breakout! This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
If we continue sideways it's bullish!Hello, Hello, Hello,
And welcome back, To Bitcoin Beats.
Bitcoin has been going sideways for a day now and despite making a couple profitable trades, we really do need some direction here.
if we continue sideways it basically means our support is strong enough to govern a bounce upwards and potentially continuation in the bullish direction.
Thanks, And Good bye from Bitcoin Beats!
January Update on BTCHey guys,
as always, thank you for taking your time.
This is a short update of about 10 minutes, which I do every one or two weeks.
Thanks for all the messages and the feeddback, our little community is growing (about 100 on TW and few hundred all togheter).
People messaged me and asked for videos about Altcoins, gold, stocks and so on. Can I do it? Sure!
Just write it down in the comment section and like what you wanna see next, so I do know what to work on.
In this video we are discussing Resistances and Supports and what they mean when the price is moving up or down.
The 9000 call hit just perfectly, thank you for checking it out, too!
This is it for today, see you in the next one,
your quality trader
USDMXN Will price respect support again? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
Support and ResistanceIn a strong trending market like GAS currently in, support and resistance flip happens very often. Although other chart setups might not be as clean as this example, this technique can be used for all markets.
Broken Support turns into Resistance.
Broken Resistance turns into Support.
So how do we determine if a Support has been broken or not?
3 ways to view it:
- A lower low (Even if it is just a wick)
- A lower close (Candle must close below previous candle close) - Safe
- Candle close through previous low - Safest
Personally, i prefer to used the safest method to view my support and resistance. There are many nuances to trading support and resistance, try them out yourself and see what works for you! Safe trading out there!