📊Market Structure Breakdowns Pt.1Not every pattern or indicator is a confirmation that you should enter a trade. Understanding the market structure is key and in these series we will explain how to read a Bullish and Bearish market structure formation with multiple indicators/strategies and what you should look for before entering a trade. The markets are either trending up or down until they experience a reversal in the opposite direction. Do not fight the trend, trade alongside with it's direction until a confirmation of reversal. It is not about being right, it is about trading on the correct side of the trend.
📈Bullish Market Structure
A bullish market structure is characterized by a series of higher highs and higher lows, indicating that buyers are in control and there is a strong demand in the market with a strong upward momentum. Connecting the swing lows and swing highs will be a clear indicator of bulls pushing the price higher on each level and flipping the previous resistance into a support zone. A good way to trade a chart pattern such as a falling wedge, is to wait for the price to reach around the zone of support. That will indicate the end of the pattern and will give the best possible entry. To have confirmation of this, make sure that you are looking at the volume. When the end of the the falling wedge approachses the previous resistance turned-into-support, you should see volume coming inside the market to push the price higher. One key thing you must understand is that when resistance lines are crossed, they become new support and the cycle repeats until the trend break.
📉Bearish Market Structure
A bearish market structure in the other hand, has a series of lower higher and lower lows, indicating that the sellers are in control and there is a strong downward momentum in the market. In this case, we will be looking for short opportunities. The same confirmation of a short is the selling pressure that can be characterized by negative delta volume. To confirm a trend line as true, it should have at least 3 touches where the price rejected from back into a support zone. The market structure is not symmetrical, with perfect patterns that completely respect each and every line you draw. Most patterns and indicators look asymmetrical and have a skewness and you should adapt to it. The big players are waiting for you to place your stop loss right above your trend line or pattern then push the price right above it so you close your position and they get their orders filled to push the prices lower. Stop hunting is one of the most important things you need to understand, until the market makes a Higher High of an important level, the market has not changed structure and it's still trending downwards.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Marketstructure
EURCAD I Follow the market structureWelcome back! Let me know your thoughts in the comments!
** ERUCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
BTC LONG POSI'm just a beginner in trading with main concepts of ICT in crypto market.
As you can see we are having a inverse head and shoulder pattern which signals us for a long position. We expect to have a market structure break so that we can enter position on the red line.
We can enter on retracement after the msb.
For now let’s wait for the candles to materialize.
We are targeting HKEX:29300 liquidity sweep which has a weak buy side liquidity.
We can assume that HKEX:29500 is the max targe. But again let’s wait for the confirmation of msb.
Possible Reversal On GBPUSDHello folks, what do you think about GBPUSD?
I am anticipating price to dig down heavily after the pullback (area of value) is complete.
My analysis is based on two tfm: D1 and the 4hr tfm.
* Open your chart on the D1 tfm, most recent candle went all the way up to our main area of value (Supply zone) and got rejected forming a clear pinbar candle pattern which give a reversal signal.
* Same or similar pinbar candle pattern happen on the 4hr tfm.
* On the 4hr chart, there a breakout on our trendline, and now we are only wait8ng patiently on a pullback and sell the market.
Again, I can only trust my analysis, but one thing for sure... trading is a probability game and the market can do anything it like.
Much love
NZD/CHF sell setup 70 pipswe clearly see price is heading to the downside, price action respecting the daily timeframe and fib level of 50% and as we mark down in lower timeframe we clearly see price is respecting the resistance and nice momentum to downside
Nice risk to reward
Follow me more update
XAUUSD : Trading Gold with Harmonic butterfly patternOANDA:XAUUSD
Hi trader's .. i Hope you all are winning good profit from ,market and if not than no worry i am available for you help and assistance
As you can see perfect Harmonic pattern visible on chart
it's a bearish butterfly pattern , after completion of D leg market gives an 61.8 % retracement
Our target fully Hit , it's a 70 % accurate pattern , I have done 5 year's back testing on it
Market now on side way's breakout any side will tell the movement of gold
BUY ANALYSIS ON USDJPYThere are multiple confirmations for this buy trade. Firstly we have the change in market structure. secondly, we have the inverse head and shoulder pattern. Thirdly, we have the break out of the trend line after 3 touches. We can also see price try to break the support zone but it could not. So therefore, we await the retest of the trend line before we go long. Thank you
AUDJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for AUDJPY .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Different Perspectives 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on Daily: Left Chart
BTC is currently bullish trading inside the red rising broadening wedge pattern.
Here is why the 30,000 is a strong rejection:
1- Round number => 30,000
2- Classic Support Zone Turned Resistance from Weekly timeframe
3- Supply zone marked on the chart
4- Intersecting with the upper red trendline acting as a non-horizontal resistance
📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction.
📌 on H4: Right Chart
For now, we will remain bullish as long as BTC doesn't break a previous major low.
The current last major low is highlighted in gray around 26,700
📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Narrow Range Trading and Potential Bearish TurnBitcoin has been trading in a narrow range, prompting some investors to consider putting their money into altcoins. The cryptocurrency is currently experiencing resistance at around $28,300 to $28,700, while the support level is at $26,800 to $27,000.
Bitcoin has faced some significant resistance in recent times, with a flush-out attempt on order block clearing. This is a sign that the cryptocurrency may be in for a bearish turn, and we could see a retest of recent support structures at 26,300, 25,400, and 24,700.
On the 4-hour timeframe, it is clear that the moving averages have spread out too quickly and too fast. Although MAs are not always the most reliable indicator for analyzing crypto prices, the underlying reasons suggest that there is more downside potential for Bitcoin. As a result, more money may be stuck on the downside in long orders, which will need to be picked up before there can be any further upward momentum.
Note that the Hourly EMA 50 for Bitcoin is currently at 27667. This could be an important level to watch for traders and investors who use technical analysis, as the EMA 50 can be a key indicator of short-term price movements. If the price of Bitcoin stays above this level, it could be seen as a bullish signal, whereas a drop below this level could suggest bearish momentum. However, it is important to note that technical analysis should always be used in conjunction with fundamental analysis and other factors that can impact the price of cryptocurrencies.
ETH/USD; waiting for opportunity to buyEthereum price look in the interesting scenario in H4 timeframe to buy in two points that I'm watching, and following this both scenario and model that I draw using blue arrow and purple arrow as model and trayectory to see in the next hours.
Meanwhile, we need to monitoring in Daily timeframe to know if Ethereum will still in this range that becoming a market trap and down to the $1,550 USD approx. But now, I will keep away of this trade and watching in the next hours if we see a good opportunity to long Ethereum.
Keep pending1!!
Weekly analysis USDJPY.For this week I like to share about USDJPY ideas. We clearly can see the structure still move like a normal market. Lower High, Lower Low. I expect the price will do Lower High at level that I'll markup. But, we must be neutral in the market. Don't blindly entry without any PRICE ACTION. Don't take this analysis as signal.
NAS100As an investor and financial analyst, I am excited to share my latest analysis of the Nasdaq 100, along with my predictions for future trend changes based on a thorough analysis of supply and demand.
In my analysis, I have carefully examined the current market conditions, closely assessing various economic factors, including the performance of the top 100 companies listed on the Nasdaq stock exchange. My analysis is highly comprehensive, incorporating a range of technical and fundamental indicators to give an all-encompassing view of the market.
Based on this analysis, I have come to some exciting conclusions about the upcoming trend changes in the Nasdaq 100. My investigation of the supply and demand trends of the market reveals interesting patterns and developments that suggest a positive shift in the short term. I believe that the market is set for a major uptick, with several key stocks poised for a period of sustained growth.
If you're looking to stay ahead of the game in the fast-moving world of finance, then look no further. My analysis presents a unique insight into the market, shedding light on important trends, dynamics, strengths, and looming challenges in the coming quarters, on which you can lean to make informed trade decisions. Stay tuned for some game-changing intel!
BTC - Still Bullish - For Now! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🗒 After rejection the 20,000 round number, BTC broke above the last major high in gray, and have been bullish since then.
We will remain bullish as long as BTC doesn't break a previous major low.
The current last major low is highlighted in gray around 26,700
📌 If we break below 26,700 expect a bearish correction to start till around 25,000 support.
🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in gray around 28,500
In this case, a movement till the 30,000 weekly supply zone is expected.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD : How to trade with Rsi IndicatorOANDA:XAUUSD
What Does RSI Mean?
The relative strength index (RSI) measures the price momentum of a stock or other security. The basic idea behind the RSI is to measure how quickly traders are bidding the price of the security up or down. The RSI plots this result on a scale of 0 to 100.
Readings below 30 generally indicate that the stock is oversold, while readings above 70 indicate that it is overbought. Traders will often place this RSI chart below the price chart for the security, so they can compare its recent momentum against its market price.
How do you trade effectively with RSI?
The common levels to pay attention to when trading with the RSI are 70 and 30. An RSI of over 70 is considered overbought. When it below 30 it is considered oversold. Trading based on RSI indicators is often the starting point when considering a trade, and many traders place alerts at the 70 and 30 marks.
KEY TAKEAWAYS
The relative strength index (RSI) is a popular momentum oscillator introduced in 1978.
The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price.
An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30.
The RSI line crossing below the overbought line or above oversold line is often seen by traders as a signal to buy or sell.
The RSI works best in trading ranges rather than trending markets.
GOLD : What Should Be Ideal Risk Reward Ratio OANDA:XAUUSD
A good risk/reward ratio could be seen as greater than 1:3,
where you would risk 1/4 of the overall potential profit.
For trading to prove profitable in the long term, a trader should not typically risk their capital for a lower risk/reward ratio,
as this will mean that half or more of their investment could be lost.
The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain.
Consider the following example: an investment with a risk-reward ratio of 1:7 suggests that an investor is willing to risk $1, for the prospect of earning $7. Alternatively, a risk/reward ratio of 1:3 signals that an investor should expect to invest $1, for the prospect of earning $3 on their investment.
Traders often use this approach to plan which trades to take, and the ratio is calculated by dividing the amount a trader stands to lose if the price of an asset moves in an unexpected direction (the risk) by the amount of profit the trader expects to have made when the position is closed (the reward).
KEY TAKEAWAYS
The risk/reward ratio is used by traders and investors to manage their capital and risk of loss.
The ratio helps assess the expected return and risk of a given trade.
In general, the greater the risk, the greater the expected return demanded.
An appropriate risk reward ratio tends to be anything greater than 1:3.