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USDJPY SUPPLY LEVEL SELLI have reason to believe price will be heading down. It reached the Supply Zone but cannot break through it. Also, there is a resistance line that price didn't close above yet within the zone. Now it may not reach 3:1 RR target because of the DZ waiting there. The DZ was violated, buyers were in control for a bit. So, there are buyers for sure. But the price didn't reach beyond 50% violation of the zone, which tells me there are more buyers. It's safe to just go for the 1.88:1 with your sights on the 3:1.
Short
by QSVentures
EURJPY Heavy Divergence Between Price and Momentum...Analysis -EURJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close. -The price action resulted in a very clean pinbar setup at support which is a bullish sign. -On the 1H time frame, price looking to break the trendline to the upside. -There is also strong bullish MACD divergence on the 1H time frame following a head and shoulders pattern which further eludes to price possibly moving higher in the coming days. -The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels) *Trade safe and at your own discretion!*
Long
by Mankz
USDJPY's Stop and Reverse Setup...Analysis -USDJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close. -The price action resulted in a pinbar setup at support which is a bullish sign. -On the 1H time frame, price looking to break the trendline to the upside. -There is also strong bullish MACD divergence on the 1H time frame following a double bottom pattern which further eludes to price possibly moving higher in the coming days. -The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels) *Trade safe and at your own discretion!*
Long
by Mankz
Big Move by XAUUSD Expected!Analysis -XAUUSD looking bearish after showing signs of reversal. Buyers pushed price up into resistance but sellers repeatedly pushed price down before the daily candle closes. -The price action resulted in a pinbar setup at resistance which is a bearish sign. -On the 1H time frame, price looking to break the trendline to the downside. -There is also bearish MACD divergence on the 1H time frame following a head and shoulders pattern which further eludes to price possibly moving lower in the coming days. -The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels) *Trade safe and at your own discretion!*
OANDA:XAUUSDShort
by Mankz
AUDUSD Momentum Fading (Upside Ahead)Analysis -AUDUSD looking bullish and showing signs of a potential reversal following days of consolidation. -The price action in the consolidation resulted in a daily pinbar at support which is a bullish sign. -On the 1H time frame, price is making equal lows and looking to break the trendline to the upside. -There is also bullish MACD divergence on the 1H time frame which further eludes to price possibly moving higher following the equal lows. -The reward/risk is good for the setup (given the distance between daily S/R levels) *Trade Safe and at your own discretion!*
Long
by Mankz
Bullish on Dollar Index! Analysis -DXY looking bullish after showing signs of a potential reversal. Sellers pushed price down into support but buyers bought it up before the daily candle close. -The price action resulted in a pinbar setup AT SUPPORT which is a bullish sign for the dollar. -On the 1H time frame, price probing a minor resistance level and a break to the upside may be followed by more bullish momentum. -Price is looks like it may be creating an inverse head and shoulders at a market bottom / support zone which also suggests DXY upside, should it breakout. -USDJPY also looking bullish which further confirms a potential increase in dollar strength. *Trade safe and at your own discretion!*
TVC:DXYLong
by Mankz
HOW TO TRADE WITH EMA STRATEGYExponential Moving Average Strategy (Trading Rules – Sell Trade) Our exponential moving average strategy is comprised of two elements. The first degree to capture a new trend is to use two exponential moving averages as an entry filter. By using one moving average with a longer period and one with a shorter period, we automate the strategy. This removes any form of subjectivity from our trading process. Step #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA. Most standard trading platforms come with default moving average indicators. It should not be a problem to locate the EMA either on your MT4 platform or Tradingview. Step #2: Wait for the EMA crossover and for the price to trade below the 20 and 50 EMA. The second rule of this moving average strategy is the need for the price to trade below both 20 and 50 EMA. Secondly, we need to wait for the EMA crossover, which will add weight to the bullish case. We refer to the EMA crossover for a sell trade when the 20-EMA crosses below the 50-EMA. By looking at the EMA crossover, we create an automatic buy and sell signals. Since the market is prone to false breakouts, we need more evidence than a simple EMA crossover. At this stage, we don’t know if the bearish sentiment is strong enough to push the price further after we sell to make a profit. To avoid the false breakout, we added a new confluence to support our view. This brings us to the next step of the strategy. Step #3: Wait for the zone between 20 and 50 EMA to be tested once on a sell trade (twice on a buy trade) then look for selling opportunities. The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. We will wait for one successive and successful retest of the zone between the 20 and 50 EMA on a sell order but twp retests on a buy order. The two successful retests of the zone between 20 and 50 EMA give the market enough time to develop a trend on a buy order. However, because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened. . Never forget that no price is too high to buy in trading. And no price is too low to sell. Note* When we refer to the “zone between 20 and 50EMA,” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the two EMAs. This is because the price will only briefly touch the shorter moving average (20-EMA). But this is still a successful retest. Now, we still need to define where exactly we are going to buy. This brings us to the next step of the strategy. Step #4: Sell at the market when we retest the zone between 20 and 50 EMA for the third time. If the price successfully retests the zone between 20 and 50 EMA for the third time, we go ahead and sell at the market price. We now have enough evidence that the bearish momentum is strong to continue pushing this market lower. Now, we still need to define where to place our protective stop loss and where to take profits. This brings us to the next step of the strategy. Step #5: Place the protective Stop Los 20 pips above the 50 EMA After the EMA crossover happened, and after we had two successive retests, we know the trend is down. As long as we trade below both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips above the 50 EMA. We added a buffer of 20 pips because we understand we’re not living in a perfect world. The market is prone to do false breakouts. Step #6: You pick your own TP strategy or Take Profit once we break and close above the 50-EMA If we waited for the EMA crossover to happen on the other side, we would have given back some of the potential profits. We need to consider the fact that the exponential moving averages are a lagging indicator. The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse. Note** The above was an example of a SELL trade. Use the same rules – but in reverse – for a BUY trade. However, because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened. The exponential moving average strategy is a classic example of how to construct a simple EMA crossover system. With this exponential moving average system, we’re not trying to predict the market. But rather to react to the current market condition which is a much better way to trade the market. The advantage of our trading strategy stands in the exponential moving average formula. It plots a much smoother EMA that gives better entries and exits.
Short
by Tradingstrategyguides
6
BTCUSDT 1H PARABOLIC SAR & MOVING AVERAGE TRADING STRATEGYIn this strategy, you are going to learn about a trading strategy that uses the how to use parabolic SAR indicator (Stop And Reversal) trading tool, along with two moving averages trading strategy to catch new trends on the reversal and continuation of the trend. If the dot is below the candle this can be a signal to BUY or an uptrend. When the change occurs (the dot goes from below to above the next candle) this indicates a potential price reversal may be happening or a bearish pullback and bullish continuation move. Some may think why not just trade the dots. When it reverses, just make an entry at that price. Technically you can trade like this and may win some, but this is a very risky way to trade this indicator. You need other tools to validate this potential trend. Here are the indicators you need to apply on your chart to use this trading strategy: Parabolic Sar strategy: Default Settings 20 Length Moving Average= Blue color 40 Length Moving Average= Red color Rule #1- Apply Parabolic SAR system and Moving Average indicators to chart Rule #2- The Parabolic SAR Indicator must change to be below price candle for uptrend. Notice how the dots were above the price. The parabolic stop and reversal (sar) formula was that the price stalled out for a few hours and then the dot appeared below the candle. Rule #3- Another element that must occur is the moving averages must cross over. In a long trade, the 20 period moving average will cross and go above the 40 periods moving average. So now the 20 period moving average is above the 40 period moving average. Also the dot appears below the price candle. Rule #4- Parabolic SAR dot must be below price candle AND moving averages cross to where 20 period MA is above 40 period MA. Note** One of these elements may occur before the other. The reversal dot can appear before the MA lines cross. Or the Moving averages can cross before the reversal candle. As long as there are both elements, the entry criteria are met. Rule #5- Enter The Next Price Candle... Enter (BUY) the very next price candle after the dot appears below the candle. You can see on our chart where we entered the trade. Waiting for one candle after makes sense because this proves to us that this reversal is strong. The moving averages are supporting the uptrend + the dot is signifying an uptrend. Rule #6- Stop loss / Take Profit Follow your own SL plan Take Profit is taken when the 20 and 40-period lines cross over again. OR when the dot reverses appears at the opposite side of the candle. Moving average crossover will give you a larger profit. If SELL trade just adjust above I have added the Waddah Attar Explosion Volume Indicator - type in Indicator search: Public Library "WAD" This helps filter a better entry when volume hits the band and blue dotted line
Long
by Tradingstrategyguides
2
USDCZK Exotic Setup!Analysis -USDCZK looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close. -The price action resulted in a daily pinbar setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline or the neckline of a head and shoulders to the upside. -We're in a rising channel and price just made a strong impulse move from the bottom of the channel -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 22.904 (Enter long after price pulls back, never chase a trade) -Stop Loss: 22.7508(Set stop below the daily reversal candle) -Take Profit: 23.2098 (Set target at a minimum of 2 times your stop depending on entry) = 2R *Trade Safe and at your own discretion!*
Long
by Mankz
USDCAD ripping up!Price moved really quickly from my entry... Analysis -USDCAD looking bullish after showing signs of a breakout, pullback and continuation play. Buyers pushed price significantly past resistance wherein sellers came in and pushed it back down into resistance turned support. The price action resulted in a daily spinning top setup AT SUPPORT before the daily candle close which is a bullish sign. -On the 1H time frame, price just broke a bearish (correction) trendline to the upside. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 1.34633 (Enter long after price pulls back, never chase a trade) -Stop Loss: 1.3439 (Set stop below the daily reversal candle or swing low on the 1H chart) -Take Profit: 1.3512 (Set target at a minimum of 2 times your stop, depending on entry) = 2R *Trade Safe and trade at your own discretion!*
Long
by Mankz
GBPJPY looking to reverse!Analysis -GBPJPY looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers came in and bought it up before the daily candle close. -The price action resulted in a spinning top setup AT SUPPORT which is a bullish sign. -On the 1H time frame, price just broke a bearish trendline to the upside. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 144.34 (Enter long after price pulls back, never chase a trade) -Stop Loss: 143.76 (Set stop below the daily reversal candle or swing low on the 1H chart) -Take Profit: 145.5 (Set target at a minimum of 2 times your stop, depending on entry) = 2R *Trade Safe and trade at your own discretion!*
Long
by Mankz
XRPBTC 1D ORB Nr4 Breakout StrategyStep #1: Wait until you can spot a bar that has its daily range smaller than the previous three days The first rule requires you to have the patience until the Nr4 pattern develops on the chart. When we have a daily trading range that is narrowed than the previous trading ranges it means that the price is contracting. Based on our backtesting results we have found out that there is a high probability of a trend move after you spot this type of contraction. This is kind of a general rule because the markets do move from periods of contractions to periods of expansion. This is the reason why this short-term price pattern is so powerful. Note* The 4th day doesn’t necessarily need to be an inside day, it only needs to have its daily range smaller than the previous 3 days. Step #2: Mark the High and the Low of the 4th day and switch to the 1 hour time frame Our trade is taken the next day after the Nr4 pattern showed up. In order to have a clear view of the short-term price action we need to switch our focus to the 1 hour time frame. Before you switch the time frames make sure you mark on your chart the high and the low of the 4th day. The short-term pattern Nr4 satisfies all the requirements for a valid setup Step #3: How to buy: Buy only if the breakout of the Nr4 high happens during the first 5 trading hours. We use the Opening Range Breakout technique to time the market and have an effective trade entry. The ORB is even more profitable if it occurs after inside days that have a smaller trading range than the previous 3 days. Here is another strategy called simple yet profitable strategy. Our trade doesn’t may not have an inside day, but nevertheless we want to buy only after we break above the Nr4 day high. Also, we want to make sure the breakout happens during the first five trading hours of the next day. Trades based on the ORB – Nr4 pattern will show you a profit instantly. Now, if the trade is not showing you a profit right away than your trade becomes more vulnerable. As a general rule, if after the first trading hour your trade is not in the green, you can safely close the trade at the market. Of course, you can only do that if your stop loss hasn’t been triggered in the meantime. Step #4: Place your protective Stop Loss below the Nr4 day low You can hide your protective stop loss below the Nr4 day low. Alternatively, you can also place your stop loss below the current day low as this will give you a better risk to reward ratio. The ORB - Nr4 pattern tends to precede strong trend day activity, so your stop loss should be rarely hit. Both of these patterns can be traded individually, but when combined they tend to produce even more powerful trades. Step #5: Take profit at the close of the first 1-hour bearish candle Our take profit strategy is fairly easy and it’s slightly modified from the original strategy highlighted in the “Day Trading with Short Term Price Patterns and Opening Range Breakout” book written by Toby Crabel. Even though the ORB pattern tends to lead to trend trading days we’re more conservative and want to quickly take profits. So as soon as the first bearish candle shows up we close the trade and enjoy our daytrade profits. Alternatively, you can keep the trade open until the end of the day if you want to extrapolate more profits from the cryptocurrency market. Note** the above was an example of a BUY trade using our Dogecoin cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse.
by Tradingstrategyguides