DECRYPTERS |GOLD (XAUUSD) | PROGRAMMED HI people welcome to Team Decrypters
The only plan you Need
Expecting gold to Rise First This week and incoming first 2 weeks of FEB we expecting a pull back in Gold
Over all we are Bullish On Gold in terms of technical and fundamental perspective
--1H we have Rising channel
--4H we have soon Bearish Divg will be Created
--Daily we have Trend line + Fibo Rejection
-- Weekly we have Bearish OB ,supply some and resistance plus the confluence of some Advance concepts of liquidity
To sum up all we expecting rise and than grab the liquidity to Drop the price Down At least 600 -900 PIPS PULL BACK EXPECTED
Multipletimeframe
Bitcoin Starting Wave III run to ~20,000 with ~16,250 S/LBullish continuation for D1 through W1 on BTCUSD after confirming the higher high on the D1 timeframe from late December. W1 timeframe showing promise to close near the late November weekly high, confirming the higher low from mid November and continuing up towards 20,000 with a stop loss around 16,250.
Entry at ~17,000 should have a good Return to Risk ratio of 3:1 but a drop to ~16,650 is possible. Using the same S/L would yield ~9 R/R. I would suggest starting a small position at ~17,000 and adding down to ~16,650 with all stop losses at ~16,250.
Targets and Stop Loss are based on fib retracements and expansions and a bit of a fast and loose Elliot Wave, assuming the run from ~15,460 to 18,450 was Wave I. Wave III will target the 20,000 area since Wave IV should be approximately half of Wave II and needs to start above where Wave I ended.
NZDUSD, 8H Chart, Bullish DirectionTime:
London & New York Sessions
Analysis:
Daily price = on major support zone
8h bullish divergence & Macd cross bear2bull
4h support zone
4h & up support levels
Htf market structure break 4h and up (bullish)
Liquidity grabbed at the bottom = fuel for upside price action
Entry:
At the retest of the 8h breakerblock & the 4h fair value gap
RR 3
The unknown obvious: resolution vs timeframeChart resolution and chart timeframes are the synonyms, true, but the difference between resolution based mindset and timeframe based mindset is huge.
As it is in reality, pure charts are just tick charts that then get aggregated, mostly by time. So it's all the same data, just different amount in different detail.
If you operate manually you free to scroll through all the resolutions, generally from lower to higher to gain all the information you need in best possible way.
So you mindset is this, "I need more info ima be scrolling through resolutions and be gaining it".
The term "timeframe" is much more applicable for automated trading.
There, it's very complicated to use multiple resolutions at the same time for many reasons, instead it's easier to use multiple data ranges within one resolution.
For example, you run a bot (not robot) on 1 minute chart, this bot executes & fine tunes the signals based on very short window of 4 datapoints, generates the actual signals based on 16 datapoint window, chooses a signal generation method based on 64 last datapoints, and chooses between competing assets based window length 256.
Then you ran an ensemble of these bots on every 'timeframe', this way you can emulate but never achieve a proper manual operation.
And it's good to use common but different methods on each of data windows to reduce correlations inside the ensemble, not like it's shown on my chart (disregard the levels).
NZDUSD creating a new IMPULSEHello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move higher, creating another impulse. The EMAs and MACD show confluence as well, but only after the break we can react, as trading is about reacting not predicting:) Let's see what happens next!
Learn How to Apply Multiple Time Frame Analysis
Hey traders,
In this article, we will discuss Multiple Time Frame Analysis.
I will teach you how to apply different time frames and will share with you some useful tips.
Firstly, let's briefly define the classification of time frames that we will discuss:
There are 3 main categories of time frames:
1️⃣Higher time frames
2️⃣Trading time frames
3️⃣Lower time frames
1️⃣Higher time frames are used for identification of the market trend and global picture. Weekly and daily time frames belong to this category.
The analysis of these time frames is the most important.
On these time frames, we make predictions and forecast the future direction of the market with trend analysis and we identify the levels, the areas from where we will trade our predictions with structure analysis.
2️⃣Trading time frames are the time frames where the positions are opened. The analysis of these time frames initiates only after the market reaches the underlined trading levels, the areas on higher time frames.
My trading time frames are 4h/1h. There I am looking for a confirmation of the strength of the structures that I spotted on higher time frames. There are multiple ways to confirm that. My confirmations are the reversal price action patterns.
Once the confirmation is spotted, the position is opened.
3️⃣Lower time frames are 30/15 minutes charts. Even though these time frames are NOT applied for trading, occasionally they provide some extra clues. Also, these time frames can be applied by riskier traders for opening trading positions before the confirmation is spotted on trading time frames.
Learn to apply these 3 categories of time frames in a combination. Start your analysis with the highest time frame and steadily go lower, identifying more and more clues.
You will be impressed how efficient that strategy is.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Multiple Timeframe AnalysisWhen traders ask "what was your light-bulb moment in trading", I often say 2 things:
1) stop worrying about what other traders are doing and focus on yourself making sure you are consistent with the trading strategy as that's how you will get consistent results.
2) understanding multiple timeframe analysis.
Once I started focusing on myself and was consistent with my trading, I was able to review my journaled trading results and noticed by best trade setups happened when price has multiple timeframe correlations with both my enter timeframe and higher timeframe.
The main purpose of the higher timeframe is to help me determine if I should be looking for buys, sells, or staying out of the market. The 2nd purpose of the higher timeframe is to determine the trend.
Multiple timeframe analysis can be used on all trading strategies whether you trade supply and demand, support and resistance, chart patterns, or use trading indicators.
All we are trying to do is determine whether we should be looking for buys, or sells as this will help us increase the probability of our trade.
See Chart For Analysis. I also have a full break-down on my youtube: Moneyball Austin
BTCUSDT - Comparing Fractals : Back to Distribution?Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Fractals as chart patterns can be especially helpful to identify trends, and possibly speculate the next direction of the price. By looking through the last parts of the bull run back in 2021 on the Bitcoin chart in the 3D timeframe, I noticed that there is a corresponding pattern currently playing out in the 1D timeframe. For ease of reference, I used a multiple timeframe analysis and placed the two charts next to each other. Can you see it?
A closer look at this pattern reveals 3 Tops, the last two tops forms an M-Pattern after which there is a drop, a period of sideways trading... and then another hard drop. This could possibly point to another Distribution phase forming, meaning we can expect liquidity (dollars) to flow out of BTCUSD and into other assets. This could be hard to determine - either more stable commodities like Gold and Silver, or even micro cap altcoins. During this all, it is to be anticipated that Bitcoin will be sold and that money (mostly dollars) will appear somewhere else in the market.
If you want to know a little bit more about my current view on the DXY and the Euro, check out this idea where I discuss the correlation between BTC and the DXY:
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Bearish orderflowHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
CADCHF Forecast - High RR, High probability ScenariosMonthly & Weekly level cluster, strong weekly rejection closes and 4h structure breaking to the upside. Already in one position from the low, ideally waiting for a retrace to into the zone marked, or potentially a little lower before anticipating upside.
It's possible we don't abide by either of these scenarios and go down once more before a move up, but there's a very high probability of price going higher. Fundamental catalysts can influence this but as always, we want to keep our minds clear and not fill it with too much information, otherwise we'll become emotional and make silly decisions.
Remember, as with any forecast things can change and the most important thing is to stay reactive - never marry a prediction. Behaviour always comes first.
GBPNZD Market StructureHey Traders,
Looking at GBPNZD, we've had a double break of structure here on the one hour chart with both impulse moves being very solid as money floods into the pound against the New Zealand dollar. Looking to see if we can pull back into the green demand area which I've drawn out. If we can pull back into this area and the chart starts to give me an idea that we are going to start heading higher (things like a break of structure on the five minute chart or trendline break a couple of indicators indicating that we're going to start heading higher) I'm going to look to start building a position around this demand area and moving it back up into the next two supply zones, which I've drawn out. Ideally I want to head to the top supply zone, but we may not make it that far depending on how we react off of this next area.
Overall, I was looking for a bullish New Zealand dollar, which obviously meant a bearish bias on this chart long term, however given the whole reason I was looking for a bullish New Zealand dollar was because the Aussie dollar has shown a lot of strength and it usually coincides. We have seen a bit of difference and with the pound starting to pump in a little bit after being such a weak valued currency, I think we could start seeing the potential to move higher, especially on these lower time frames.
Let me know what your analysis on this pair and if you think this is going to play out. I'll update you as we move closer into this area in a few hours to have a discussion about where I truly think at the entry points will be or whether or not we'll leave the trade alone.
NATGAS/USD Daily Timeframe Price action AnalysisOANDA:NATGASUSD
Hello Traders,
Here is my Daily timeframe price action analysis.
After reaching a 12 year high in October 2021 of 6.409 , the price trended downwards to the current yearly low and key level of 3.6 , which was respected multiple times throughout 2021.
We see a turn around in the daily trend at the key level of 3.6 and have been trending upwards since.
Please note the key level from 4.65 to 4.75 , which again, was respected multiple times in 2021, currently the price is vibrating around this level and has been doing so since 16th Feb 2022.
4 hourly timeframe analysis alongside potential position entries to follow this evening. Please leave a comment and let me know what you like/dislike or agree/disagree with.
How To Use Higher Time Frames To Swing TradeIf you struggle with what timeframes to analyze longer movements before entering trades, this video is for you.
I personally struggled with multiple timeframe analysis. I thought I had to use every timeframe to enter a trade. It wasn't until I got clear on the type of trader I was and stuck to two timeframes at a time is when the market began to become more clear to me. If you can relate this video is for you.
JICPT| EURJPY bearish daily setup on supplyHello everyone. Happy Chinese New year! I've just been back home from a family trip.
I came out the bearish setup on the following reason:
Weekly: Bullish flag pattern indicates that price might have a pullback for the arrival/violation of the upper boundary line(132.40-133.40).
Daily: After big bullish bars, buyers may be exhausted. In addition, I refined the zone on the daily to reduce the wide space given by the weekly chart.
The below solid space is around 125-126way down by apply anchored vwap or ema.
Trigger: set the alerts to watch the price action then.
What do you think? Give me a like if you're with me. Thank you for your support.
Learning From My Wins and LossesI had a beautiful win on GBPJPY and another loser on AUDUSD. Trading these pairs together is teaching me so much, but the biggest lesson so far is to continue to trade what I see and focus on my trend cycles. Don't know what a trend cycle is? I explain it in this video.
This May Stop Me OutAUDUSD was almost to my second TP until price reversed on the 1 hour timeframe. When I went to look at the DXY I realized why. There may have been some type of fundamentals thats caused the dollar to be bearish this morning.
Well, if I'm stopped out I'll show you what I'm doing next next in this video.
EURUSD - WEEKLY-TEST TREND @1.118 [PIN]
It is early morning now - And, I have been looking at the USDs
Everyone loves a USD trade - Surely, the EURUSD is the most traded, right?
After reviewing my EURUSD chart - I found this...
And, the Monthly, as always....
A Bearish Trendline in place since 2008
The Break-Out & a quick retest happened @the back-end of 2020
Any Buyers on the lower timeframes will have profited from this - Hope you was one?
Either way - The market pushed up, but the last several months has proceeded to drop
...
...
Current Day - The aforementioned Trendline is still in place and the market tested this again in November
Closing out the month of December with a Bullish Pin-Bar
And now - The Weekly Timeframe - It pretty much matches the Monthly and the aforementioned Analysis
This makes life a whole lot easier
...
....
Let's visit the Daily ...
Identifying a Descending Wedge - But, its a tight affair
We have a Range of about 300 pips - But, them CS' are looking averagely sized
...
...
Personally, A break above the 1.149 Resistance would present Buy Opportunities
If you are a risky trader - Have a look at the H4 for an early entry for a Buy - Bearish Trendline @Resistance
...
Alternatively, The shorts may be found below - With a close below the 1.118 and a re-test of the confluence of this level - ah?
Lets see people...
Either way - Its on the radar
If you have taken your time to review my Technical Analysis - I praise you!
AWC is "On Time" for a move upThis one to me looks great on multiple timeframes with technical's and price indicating evidence of bottoming with another move higher.
Short term conditions -
Long term conditions -
My stop is 1 ATR below the .618 level and target is 2.20which represents a very good risk to reward ratio of 1:5 at current levels.
EURJPY MonthlyJudging from the monthly it seems that EURJPY will be more in favor of bullish, this is supported by H4 which has breakout in the resistance zone, and will make it possible for resistance to turn into support and create a new Higher low.
Confirmation = big bullish at Weekly and H4 breakout