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Multiple Time Frame Analysis

Neutral on closeLeading on from yesterday where I'd used the weekly range, I now favour the accuracy of the daily levels since we have more data. We're presented with a bearish candle that closed inside the range of the highlighted parent candle. So, that FVG on DXY is still there, also the pound swept yesterday's high. It seems neutral, eh? I still think there will be short term buying. At this moment in time, it's still too soon for me to enter this trade. I will check the 9am open for any potential after the red flag news. Otherwise, see you after 5pm EST.
by PointOneFx
GBPCAD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast (Daily Time-frame): While the price is below the resistance 1.82310, beginning of downtrend is expected. Technical analysis: A peak is formed in daily chart at 1.82320 on 12/19/2024, so more losses to support(s) 1.79228, 1.78439, 1.76819 and minimum to Major Support (1.74790) is expected. Take Profits: 1.79228 1.78439 1.76819 1.75765 1.74790 1.72705 1.70900 1.69267 1.67670 1.65599 1.63703 1.60894 Short-term forecast (H4 Time-frame): A Head and Shoulder Reversal Pattern has formed and the neckline has also been broken. Price is touching the neckline again. It is very likely that the downward wave will start from this area. __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
9
2000% Parabolic extension for CarParts.com??On the above 6 week chart price action has corrected 98% since February 2021. A few reasons now exist for a long interest, they include: 1) Price action and RSI resistance breakouts 2) Price action confirms support on past resistance.See 15 year chart below. 3) Regular bullish divergence. This divergence prints on legacy support / resistance. 4) No share splits! Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Trade Risk: Small market cap, keep positions sizes small Timeframe for long entry: Weeks Return: 500-2000% Stop loss: will say elsewhere 15 year chart
NASDAQ:PRTSLong
by without_worries
14
VERY VERY BULISH ON BTC -- Current range will break towards up Very Bullish on BTC in higher time frames, huge amount of shorts coming to the market currently, which is a good sign. i believe they will fuel the upward move as they will get liquidated.🤔 However, first the market will create an elusion that seems is making Lower Lows to onboard more shorts creating a down trend, Hence allocate SL minimum below the Daily FVG and wait for the created trend to be broken. Cheers Shah
Long
by reerizeapp
USDJPY trade idea buy and sell levels 05/January 4 hour chartUSDJPY traded bullish all week you can see this as a conformation on the daily and weekly trend lines. My bias would be bullish if we can break through resistance at 158.059 Entry for a buy would be 158.160 expecting to reach 160.276 which is next resistance. For a sell I would enter at 156.724 , need to watch out for 156.233 but if broken would expect a retrace to next support at 154.923 level As always use proper risk ,amagement and secure some pips when in profit
by F0rexBorex
SILVER POTENTIAL BOUNCE PLAY BUY OPPORTUNITYHey everyone hope you are having an amazing day! I just wanted to come make another post here on this Thanksgiving week here in the States and give some insight to what I see for the commodity Silver! Hope this brings some value and you guys can pull some nuggets from this! Cheers OK so here is a breakdown based on each timeframe for what I am seeing!! 1W (Weekly) Timeframe: **price is overall bullish **price is coming back to a previous area of demand (buyers) **weekly fib retracement confluence with level 1D (Daily) Timeframe: **price is coming to previous demand around $29 per ounce **will be at a extreme discount zone (relevant to current market trend) **may be in oversold conditions on the RSI tool 4H (Hourly) Timeframe: **waiting to watch how price momentum from sellers is coming into zone **waiting for lower timeframe confluence Hope you guys enjoy this post please boost and follow the page for more analysis and potential setups! Cheers!
OANDA:XAGUSDLong
by JosePips
XRPUSD Current 10 ¢ Range - Looking For Buying Opportunities ONLℹ️ XRP Remains at the top of the Daily chart BULL FLAG. Considering many XRP holders are holding for the long run periods of sideways price action is often welcomed and is often considered a stronger bullish indicator compared to a price retracement. Whilst XRPUSD flounders around the decending trendline of the flag top, we note the current 10¢ tracing range of this coin @ 2.3650 - 2.4675. 🟢Our current PLAN looks to accumulate more XRP on decent dips if and when they turn up.✅️ Often when these deep and often fast dips appear traders chuck their plan of trying to buy the dip in the bin then try to sell into the momentum and often end up getting trapped SHORT. ⚠️Below Is A Copy Of My Earlier Education Post You May Find Useful👍 I would consider the following as a GOLD STAR LESSON TO BE SAVED. Yesterday created a great reminder opportunity that you must have a PLAN & RULES. Even SeekingPips is human and therefore sometimes will deviate from the plan. The GOLD SECRET is to realise the error and get back on track as soon as possible. I was very clear on the chart share on 01/01/2025 that I only wanted to accumulate XRP Here is the copy of that paragraph : "ℹ️ However whilst price remains above 2.10 USD I do not want to take the short side of XRP." By the next chart share the next day 02/01/25 it was clear to me where price was and that I was seeing a clear BULL FLAG on the DAILY CHART. ✅️ With that information I had a plan❕️✅️ ℹ️So what's the lesson you ask?❔️ ⭐️Well Seeking Pips didn't stick to the plan. Price was still well above 2.10 but shared a short chart idea. This is why a TRADE JOURNAL is a GREAT idea. In real time you may not see or notice any TRADING ERRORS but by having a journal it's in black and white and you can spot any problems early.✅️ ⚠️So what were the KEY POINTS from yesterday? 🟢 Based on the D1 timeframe chart there was no valid reason according to my PLAN to conditioner any short positions. 🟢 Even based on the intra day timeframes that I use my RED LINE on my chart share at 2.3268 was never traded below. 🟢 Too zoomed in to price on lower timeframes. Seeking Pips considered the intra day timeframes and price action over what the Daily and Weekly charts were indicating. 🟢 Quantity over quality, wanting to be active and share some content, even given the fact that the DAY, WEEK and EVEN YEAR had just started. 🟢 NOT GIVING the IDEA time to play out. Barely two hours earlier I had already decided that my bias was to the long side. There was no trigger to invalid that bias. ⭐️THE LESSON⭐️ Trading is not all about Lambos and penthouses. Yes that can be a final goal if you want it to be BUT to get to that point you really do have to iron out all of the ugly stuff first... If this post helps even one peron on their trading journey it has done it's job.👌 PLEASE LIKE AND SHARE THIS POST IF YOU FOUND IT USEFUL. 👍
COINBASE:XRPUSDLong
by seekingpips
2
Need a high? WM Technology inc for 500% returnOn the above 5 day chart price action has corrected over 95% since early 2021. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Confirmation of support on past resistance as sellers capitulate with boredom. 3) Resistance not until $6 to $8 area. Is it possible price action continues to correct? Sure, sellers love losses. Is it probable? No. Ww Type: trade Risk: You decide. Timeframe for long: January 2025 Return: 500% Stop loss: Elsewhere
NASDAQ:MAPSLong
by without_worries
EURUSD. Trading opportunityHey traders and investors! Daily Timeframe Analysis On the daily timeframe, there is a range-bound market. The boundaries are marked on the chart. The current buyer vector is 5-6, with a potential target of 1.06098. A buyer zone has formed within the current buyer vector (green rectangle on the chart). Buying opportunities (buy patterns) can be sought from the buyer zone. 1H Timeframe Analysis On the hourly timeframe, there is also a range-bound market, with boundaries marked on the chart. Given the daily timeframe, it's preferable to look for buys from the lower levels of the range (1.03525, 1.03319 – 1.03286) or after the buyer breaks out of the upper boundary (1.0437) and defends the breakout. I wish you profitable trades!
by AlexeyWolf