Zones
BTCUSD Mark UpDateFrom September 24, 2019 'til now bitcoin's price has been ranging within a HTFZ ($7435-$8783). The swing low of the move ($7793) took multiple hits which gave price momentum to start printing HHs & HLs. Price action was able to form a new untouched zone ($8188-$8182) which should give the highest probability trade. However, there's barriers waiting to stall price on it's way up.
If price dips in the zone, I would long it from $8282 to $8783 which is the starting point of the HTFZ. If price can break above the $8783 level then I would look to enter again on a retest to ride it to the next barrier which is $9531.
If price were to engulf the zone ($8188-$8182) I would wait for a B.A.R to short it to the swing low ($7793). It's imperative to be flexible.
NOT TRADING ADVICE!!!
Gold Analysis Here you see whats known as Price Action - where Price gives repeated patterns known as levels also know as either an Interday Trend or an Intraday Trend. Interday Trend meaning Price gives 3 levels up or down within 3 days of movement. Intraday Trend meaning Price gives 3 levels/pushes within 24hours of movement.
So for this upcoming week I believe Gold will continue pushing down towards 1429 price area - keep in mind price may gap up when the market opens up
Swiss Franc/Japanese Yen SELL - 107.533 Potential target AreaPotential Sell Position on CHF/JPY - 107.533 Potential target Area
NZDUSD Support and Resistance Still practising plotting the support and resistance. Today I also added the support and resistance zones.
GBPUSD (1Hour)So after doing some studying and learning a couple of things this is my outlook on how this market will flow today. Going to keep an on on this pair. Happy trading week :)
How to Use Manual Levels PlotterBy defining a Structure of the Market you are trading, you can utilize the scaffolding of price as a means to take Low Risk Trades with High Rewards. Take this example of the ES. Levels were drawn beforehand on a larger TF chart. I define the structure of the market as places where either 1. Buyers Beat Sellers, and price shoots up, or 2. Sellers Beat Buyers, and price shoots down. It is at these points of control where price tends to revisit. By analyzing the price action on lower TF charts, we can take minimum 1:3 RR trades as price crosses over these levels. My indicator () makes it a bit easier to keep track of the levels for each instrument you're trading, whether you're on the computer or mobile. By observing Price Action on lower timeframes, we can analyze the trend and strength of the market to take a trade with a predetermined target(the next level above or below) and a predefined risk of 1/3 the profit target.
watch my zones and learn! unbelievably accurate lol BTCI'm waiting for a clear signal to long or short this, not trying to rush into something, unclear where we're going atm...
Sep 10 - Bitcoin resistance/support levels & buy/sell zonesWe are nearing a breakout moment of a mid/long term bullish triangle/pennant pattern. Keep an eye out for breakouts! Previous highs (both strong and weak ones) at around 11k, 11k3, 12k4, 13k, 13k2 and 13k9 need to be broken for the potential of longer term bullish moves.
Historically, however, bitcoin has had a tendency to break towards the downside from such patterns, like how we went down from the 6k levels to 3k levels. Hence, we could very well see downward moves toward 9k and 7k regions and in probably the worst case 6k regions in Nov 2018.
There seems to be more room and towards the upside though. Also, fundamentally, with ETFs starting to take root, bitcoin dominance being strong and being a potential hedge for an upcoming economic recession, are all bullish signs. RSI shows a bearish divergence, making a case for upwards movement as well.
EUR/USD 1 hour entry with close below lowEarlier today I published analysis on the daily chart for this pair. After looking into it, I may enter on the 1 hour if there's a close below the 1.1016 area (dashed line), and try to ride it down to the green demand zone. Once it gets to the recent low area, I will start to really watch it and tighten my SL, as it could reverse in here as well ... You never know!
exactly as I said the day before yesterday... btc price actionThe mentioned price move happened to the down side, next zone holds atm, I think we could still go lower... watching this zone for a clear trading signal
What happens next?? Bitcoin Price AnalysisBitcoin has been ranging for quite some time now... I'm guessing either we will keep ranging for some more days/weeks or we will see a big move in the coming days. Maybe some catalyst news for a big boost up or a dump like in november?
XAUUSD waiting for setup on breakouts.Projection for FOREXCOM:XAUUSD (GOLD) which will provide two potential setups on breakouts on either sides.
Bitcoin perfect price action! My zones are incredible lolBitcoin is moving from zone to one, it's crazy how accurate simple price action is! Let's see whether it manages to close above the 0.5 EQ for a bullish scenario...
Bitcoin - 4h close above the block is bullishIf bitcoin closes its nxt 4h candle above this 4h OB, that would be a bullish scenario. 30 minutes left, long it or wait for the retest! if we dont close above (whole candle) I would wait for a potential short scenario.
Bitcoin - something is about to happen...Still below my weekly key level, also below the weekly open... I feel like a lot of people would expect a move to the downside seeing this chart. maybe the exact opposite will happen? I'm guessing it will be a big move up or down, too risky to trade imo, I will just sit this one out and try to catch the pullback...
Bitcoin Price Analysis July 31 2019Rejection at the 0.5 EQ of the 4h OB, looks short term bearish to me, looking at a retest of the lower OB.
