Many pairs have already moved like the CURRENCYCOM:US500 CURRENCYCOM:US500 and FX:USDJPY #USDJPY
I'm going off yesterday's bearish momentum and even the bear momentum for the entire week. #bear #trend is still holding strong.
I feel uncomfortable placing this trade as all other pairs I've been looking at as already moved and I did not get the SL that I...
So with the close of yesterday, we have the 30m/1hr downtrends being higher lows and being violated significantly. We then got the 2hr/3hr/4hr all as lower lows. The 6hr was in lower low territory for a while, but just before it closed out that bar, we rallied briefly to give us a slight higher low downtrend signal there.
So basically, we have the 30m/1hr/6hr vs...
So we spiked up briefly but then got the 30m downtrend yesterday just below where we started. While it is only one trend, and we've managed to keep below the trendline associated with it, the move lessens the promise of an easy and safe entry point at 4185, as the 30m could attempt to move the market up on it's own.
I'll most likely put a profit stop now on the...
In H4, you can see that, price breakout 3EMA (my 3EMA) -> like as a breakout downtrend.
So I think, you can buy when price retest on demand zone
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After a considerable wait, the bullish bat pattern has finally been completed, indicating a potential buying opportunity for traders.
However, conservative traders may want to wait for the candlestick to close at 1.2463 before entering the trade.
On the other hand, I took a more aggressive approach and entered the trade today, given the presence of two...
POTENTIAL BULLISH ENTRY
Dow Theory In Place - higher highs and higher lows Expected in Place (Trend continues)
Formation of the bullish flag (continuation pattern)
ENTRY, SL & TP Levels are defined.
So with the 6hr uptrend hitting on the major upward move that ended the week, we are maxed out on uptrends yet again.
I'd expect at least a brief sell off to get a 30m downtrend, in which I'll be able to set a profit stop and go from there. Earnings season never seems to disappoint in that it drives the market up regardless of other macroeconomic conditions that...
MATIC has been on a downtrend and is consolidating for a big move. If MATIC breaks the triangle trend and hit in the ICHI cloud we can expect a huge up swing.
Look Who It Is!
Friends always ask me: Danial, why do you choose a weekly time frame in your analysis? I say it's correctness for the trend analysis.
After all, In this job, Nothing is certain.
As you can see on the indicator, the price passes the trendline and back again below the trend. (fake out is shown by a blue circle).
Besides, a divergence shows up on the...
Looking ahead, the EURJPY is poised to be the most trending pair in the coming week, with a bullish Euro and bearish Yen driving the market. This presents a great opportunity for trend traders, as the pair is expected to rise steadily.
Personally, I will be watching for a retest of 149.53 on the 1-hourly chart as an entry point for a trend-continuation trade....
In recent times, we have been bombarded with headlines such as "Dollar Slide", "US Debt Ceiling Closing", "US Bank Failure", "19 Countries show interest in joining the BRICS".
While these news items may give the impression of a weakening US Dollar, it is important to take a closer look at the chart.
Contrary to these headlines, the US Dollar is actually...
On closer analysis of the GBPUSD on a higher timeframe, it is evident that the candlestick has closed above the previous high, thereby confirming the bullish trend of the currency.
However, one must exercise caution before diving in, as the current market price is currently situated on the weekly chart supply zone, which traditionally indicates a sell zone....
The EURUSD demonstrates a clear bullish trend based on the current market conditions. As a result, trend traders may seek to capitalize on potential buying opportunities at the support level of 1.0967.
Conversely, counter-trend traders may be interested in shorting the currency pair at the resistance level of 1.1035-1.1044 while placing initial stop-loss orders...
It is very likely we go to the value area in the mid-term. ETH is trading a bit too high relative to where most liquidity is
Go down to the lower timeframe to get your good entries:
I linked my previous idea that explains the method
The three fib levels are the take profit targets.
The volumeprofile gives us an insight into what levels we see liquidity at.
Right now there is a lot of liquidity at 27.2K - 30.3K
If price closes below 26.2K we will likely settle between 24.3K - 25K
We are also seing a contraction in the bands that fit the MCFV that I made. This indicates that we are likely going to see a large move coming into the next week....
