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Multiple Time Frame Analysis

This will be manipulation week then up again..Hello traders, the Euro is trading close to the bottom of the upward channel. Also, we are below the monthly Low and in the monthly FVG. will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
1
Trade Recap: USDJPY - LONG, 10/10/2024UJ Bias Analysis: After being stopped out at BE on the existing position, price protracted lower prior to NY session and into 1H range EPD (Both minor & major) and mitigated a 15M OB which aligned with a retest of the previous day's true open. Long positions as a re-entry were executed after entry confirmation was received. Grade: High Quality Valid What I did well or could've done better: - I was perhaps too optimistic with my take profit level and should've set TP at the 4H EQH's on the original position. - I was able to spot the long opportunity shortly after being stopped out and while I was fearful of the outcome at execution, I followed the plan and placed the trade.
Long
by The_Modern_Day_Trader
USDCAD Rally Hits Critical Resistance – Time for a Short?USDCAD has surged in October, but multiple confluences suggest a short-term selling opportunity is emerging. Let's break down the charts. Starting with the weekly charts, we can see that USDCAD has been in a long-term range-bound market between 1.39 and 1.32, with price consistently respecting this range over the past two years. I've marked another key resistance area at 1.375 in red, which has also held strong multiple times in recent years. This is the first confluence. The second confluence becomes clear when we zoom into the daily charts. Lining up perfectly with the weekly resistance at 1.375 is the 0.618 fib level from the down leg that started in August (see image below). Now, taking a closer look at the 4-hour charts, the price is extremely overextended and overbought. When price action reaches this point, especially as it approaches key higher timeframe resistance zones like we are now, a reversal is usually imminent. Given these confluences, a selling opportunity seems highly likely. With the US CPI data being released today, we could see a spike above 1.375 towards 1.38, followed by a sell-off. Here’s how I plan to approach this: I’ll wait until after the news. If there’s a sharp spike above the mentioned resistance areas, I’ll fade the move on the first SELL signal from the lower timeframes using my TRFX indicator. If there’s no spike and price continues to grind up, I’ll be watching for a 30-minute or 1-hour sell signal and will enter the market accordingly. My first target for this setup is 1.36, with a stop loss around 1.383, depending on where I enter. Let me know your thoughts in the comments below!
Short
by TheFxAce
9
10/9 Good news and bad news...Overview: Which would you prefer to hear first? Let’s start with the good news: the AMEX:SPY has updated its all-time high. If you have a 401k or any other pension fund, you’re likely seeing gains. Also, it's hard to argue that a recession is looming when the stock market is booming. Now for the bad news: crypto is down. Normally, this wouldn’t be alarming, as all markets fluctuate. But it's concerning when we see a divergence between the stock market and crypto. Even riskier tech stocks, like those in the NASDAQ:QQQ index, climbed 0.79%. If traders are eager to buy equities, why not crypto, or at least BINANCE:BTCUSD ? Tomorrow, all eyes will be on Jerome Powell as he delivers the CPI and Core CPI data along with initial jobless claims. Given that recent job reports nearly doubled expectations, we predict fewer jobless claims. The question is: will positive macroeconomic data help? On one hand, it means people have money to spend, which could benefit crypto. On the other hand, it could reduce the chances of aggressive rate cuts, keeping liquidity constrained, and preventing speculative assets from soaring. BlackRock continues dollar-cost averaging into Bitcoin but hasn’t touched its ETH ETF. When did ETH become so hated? CME fedwatch tool shows an increase in the probability of no rate cut in November, up to 17.2%, while the chances of a one-base-point cut sit at 82.2%. BTC TA: W: BTC needs to close above $61.4k to keep bulls in the game. Unfortunately, after today's drop, BTC fell below this crucial level, breaking the bullish structure it had been building since September 7th. Another important level is $62.7k, the point of control for the entire 2024 bull run, which was rejected yesterday. This week is shaping up to print another red candle, following the previous week. D: While the weekly levels are invalidated, the daily levels still offer hope. BTC bounced from the $60.6k support level, and we haven’t seen four consecutive red days since August. If tomorrow's CPI data hints at a bullish sentiment, we might see a small rally back to $62.1k. 4h: Price is currently closer to the lowest Bollinger Band, indicating it needs to catch up with its moving average. 1h: BTC has reached the Bollinger Bands' moving average, but for a stronger recovery, it needs to break beyond this level on the 4h chart to confirm a bounce. Alts Relative to BTC: TAO, SUI, and APT have reached higher highs, but with lower volumes, suggesting that the bullish trend is losing steam. These gains were likely driven by retail investors, FOMOing into the rally. Meanwhile, FTM is showing bearish MACD divergence on the 4-hour chart and was rejected at its weekly resistance of $0.69. Bull Case: At $60k, BTC is relatively cheap, considering how much adoption and recognition crypto has gained in 2024. Since we didn’t experience a massive sell-off in September and have held up into October, this might be your last chance to buy BTC at a sub-$100k price. Additionally, we’re in the Fear territory on the Fear and Greed Index, which historically offers an 83% chance of profitability if bought during this phase. Bear Case: From a technical perspective, things look bearish. Many key support levels have been invalidated, and the likelihood of the Fed not cutting rates in November continues to rise. Fear and Greed Index: 37 (Fear). Prediction: BTC may rebound to $62.1k before resuming its decline. Expect TAO, SUI, and APT to follow BTC's movements, with a potential drop back to pre-BTC ETF levels, which could see declines of 55-60%. Opportunities: Short TAO, SUI, APT, FTM.
COINBASE:BTCUSDShort
by EvgenCapital
XAU/USD 10 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024. Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAGUSD - When Is The Best Time To DCA?Utilising the most recent dealing range from the 6th Sep 2024 - 4th Oct 2024, we can establish where the equilibrium is located which means it is easier to differentiate premium prices from discount. Currently as it stands, Silver is trading at a premium and those looking to dollar cost average further into Silver should not be looking at anything above $30.32 as, although we could see a reversal before then, you would be incurring drawdown risk (heat as i like to call it) as there are higher time frame imbalances that has the opportunity to be filled, especially taking into factor the dollar index printing risk off conditions. Set your alert at $30.89, $30.36 & $29.71. If you want to play conservative, you could buy physicals or paper at these levels. Don't worry about further decline (especially if your a physical DCA investor) as Silver is the type of investment that you hang onto for years.
FX_IDC:XAGUSDShort
by LegendSince
EURUSD. Medium term analysisHello traders and investors! The previous medium-term analysis can be found in the related idea. Some new interesting information has emerged, which I would like to share with you. Weekly Timeframe Analysis On the weekly timeframe, a sideways movement has been forming since October 2023 (with point 4 established). The upper boundary is 1.12757, and the lower boundary is 1.04485. The current seller’s vector is 7-8, with a potential first target of 1.06011. Last week, the seller resumed activity. A potential threat for the seller is the buyer's zone (marked by a green rectangle on the chart), with its upper edge at 1.08851. Daily Timeframe Analysis On the daily timeframe, there was a sideways movement starting from August 2024 (point 4 was established). The upper boundary was 1.12142, and the lower boundary was 1.10002. The seller's vector 9-10 broke below the lower boundary, initiating a short trend. The beginning of the last seller's impulse is 1.09973. The end of the impulse will be confirmed when we see the first daily candle of the buyer. The end of the previous seller's impulse was at 1.09514. Highlights The priority is to look for sell opportunities. Purchases should be considered if the price returns above 1.09973, and the buyer protects this level. If we look at the average time taken for vectors in the sideways movement on the weekly timeframe, it generally takes about 15 weeks for the price to realize the vector, meaning that by approximately January 2025, the seller might reach their target. If we account for a mathematical progression (+3 weeks to the next vector), it may take around 21 weeks to achieve this. Good luck with your trading and investments!
by AlexeyWolf
DANGER ! DANGER ! "🚨 Supply Zone Rejection Alert! 🚨 SuperFarm (SUPER/USDT) faces a key resistance, a potential 35% drop incoming! 📉 Will we see a bounce in the demand zone at $0.70? Watch the Fair Value Gap closely for possible entries. Let’s discuss! 🔥 💬 Drop your thoughts in the comments below!" The chart you've shared is for SUPER/USDT (SuperFarm) on the daily timeframe. Here's the analysis: @Tradewithmky 91% Winrate live in TradingView @tradewithmky Supply Zone Rejection: The price is facing resistance near $1.15, suggesting a rejection from a supply zone. Potential Downtrend: A bearish move is anticipated with a target towards the green zone between $0.70 and $0.75, indicating a possible retracement. Fair Value Gap (FVG): The chart highlights an FVG, indicating a potential price imbalance that could act as a support level. 35% Drop Projection: The measured move suggests a potential 35% decline to the $0.70 level, where stronger support is expected. #SUPER #SuperFarm #Altcoins #Crypto #CryptoTrading #TechnicalAnalysis #PriceAction #FVG #SupportAndResistance #SupplyAndDemand #CryptoAnalysis #Cryptocurrency #Binance #DeFi #TradingView
Short
by TradeWithMky
2
super needs more power !NOT NOW!This chart shows SUPER/USDT on a daily timeframe, highlighting a bullish breakout from a long-term descending trendline (yellow) and a more recent ascending trendline (green). The price is currently trading at $1.1128, approaching a significant resistance near $1.1819. There’s a Fair Value Gap (FVG) below the current price, which could act as a support if there’s a retracement, with the lower bound marked at $0.7691. The sharp rise following the breakout suggests momentum, but there is risk of rejection near the resistance zone. The price may retest the support near $0.7827 if the resistance holds and the momentum reverses @tradewithmky more than 91% winrate live in tradingview 🔥🔥
Short
by TradeWithMky
1