Hi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on...
Hello and welcome to my Trade Idea of the currency pair GBP/AUD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in very strong bullish trend with nice up and down waves.
Weekly: Weekly is very strong bullish too. Because of that strong trend a bearish engulfing occurs at the 16.12.2019 included a huge bearish candle.
Daily: The price...
Hello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is very strong bearish. Little pullbacks but that's all.
Weekly: The weekly timeframe is bearish too. Since the 30.09.2019 the price is bullish but i think this is a pullback for the bearish trend.
Daily: Here we draw the...
Hello and welcome to my Trade Idea of the currency pair USD/CAD.
Lets start with the Top Down Analysis.
Monthly: The monthly candles move sideways. We see bullish candles but also big bearish candles.
Weekly: We see a pennant pattern in the weekly timeframe. Our prediction is that the market reacts nice to the trendline.
Have a nice day.
Top Down Analysis
WEEKLY TIMEFRAME
So when we look at the weekly timeframe we see price action has rallied all the way to 1550 and its having a hard time to retrace all the way to 2 key potential key fib level which is around 1410-- 1400 .so we have an expectation of price to drop to about 1410 before shooting up.
DAILY TIMEFRAME
So based on our weekly, we see...
So as i said last week we we tapped the weekly resistance plus price have rejected the weekly 61.8 % retracement level . Yesterday when the market open we saw a gap and price open bearish and tested the previous last week low 3 times and we see price highly rejectded giving us more confirmation for short. Also we see break of structure in the H1 which confirms the...
Welcome fellow Tradingviewers,
We will be looking at the price action from Bitcoin using a top down strategy where we are going to analyze down from the monthly.
Monthly:
- The last monthly candle did NOT close as a bearish engulfing which was important for the bulls to not loose all the strength.
- The RSI is in neutral position.
- The MACD is starting to...
Hi!
We have seen GRINBTC in a correctional stage for a few weeks, forming a 5-3-5 Zigzag correction, being now in the last wave of the correctional phase. Yesterday GRINBTC has bounced off the monthly resistance line just to give it away again quickly. This is an indication that the market wants to go lower and we might see a drop all the way down to form a...
This kind of looks confusing but "bull" with me.
Basically, I was practicing the top-down analysis to mark up the graph and so far its currently looking like a buy.
The Larger purple box represents the weekly candlestick that I had highlighted, from them we zoomed in on the hour 4-time frame and highlighted the most recent candle in green and began identifying...
OANDA:XAUUSD
- Weekly (Bearish) : Doji at a weekly level indicating indecision and momentum loss with a wide swing divergence
- Daily (Bearish) : Pinbar rejection with divergence
- 4hr (Entry) : Double top with a trendline break
EP: 1336.25
SL: 1360.36
TP1: 1311.47
TP2: 1290
www.pipkingsfx.com
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FX:EURCHF
- Weekly (Bearish) : Long wick candle off the zone forming a pinbar
- Daily (Bearish) : Inside bar with a bunch of indecision candles on the zone
- 4hr (Entry) : Trendline & Wedge Breakout
EP: 1.12400
SL: 1.11686
TP1: 1.13113
TP2: 1.13406
TP3: 1.14255
www.pipkingsfx.com
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EURNOK SWING SHORT
- Weekly (Bearish) : Multiple indecision candles with a bearish rejection
- Daily (Bearish) : Bearish candles overpowering bulls
- 4hr (Entry) : Head and shoulder with trendline break. Tweezer tops off new down trendline & 50 MA
EP: 9.74527
SL: 9.80945
TP1: 9.68129
TP2: 9.64723
www.pipkingsfx.com
My first video of many that im gonna make for you guys, Full analysis on xrp Monthly/Weekly/Daily/H4 time frames, to see how you can find key levels to trade and what im seeing in the market right now. Namaste traders follow me and give this video a thumbs up.
Monthly Trend Bearish
Only looking for shorts
Price broke below a respected weekly zone to the downside
Waiting for a re-test of that zone with bearish price action confirming our entry
Blue: Entry
Green: TP
Red: SL
RR: 3/1
Never Risk More Than 2% Per Trade
ANOTHER TRADE WITH MULTIPLE TIMEFRAME CONFLUENCE!! (VERY SIMILAR TO THE NZD PAIR) #TOPDOWNANALYSIS
The weekly timeframe indicates a downtrend. Anticipation of a further Bearish Indication could also enable a long-term SELL opportunity.
•1W - Current Market has reached the top of the weekly Trendline . The closed candle demonstrated suggests that a rejection...
Today, after the 4th bounce on the daily trend line (red), we have seen a 70 pips retracement and the M.A's have just crossed down so i think it will keep going down.
If the price continue downside and touches the weekly ascending trend line (black), i think it could go up and try to reach at least the weekly supp at 1.32 as a short term goal. Buy limit order at...
