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Multitimeframeanalysis

Bitcoin is the Answer? The Week Ahead [ Bitcoin ] ₿Price is currently in between our Weekly Level's Support - 27,592 $ Resistance - 30,319 $ Price Is currently in between our Daily Level's Support - 28,857 $ Resistance - 29,540 $ Price Appears to be closing above our Daily Level 28,857 which is a Win for the Bulls. The Bulls are also happy that the weekly candle appears to be printing a larger bottom wick than a top wick. This Bottom wick is also rejecting our Weekly Support Level at 27,592. Zooming out we can see that Bulls are also happy that price has been printing Higher lows on the Daily Chart since the 3rd week of March. The Bears are happy that the Weekly Candle appears to be rejecting the 29,540 $ Daily level from the Previous week. The Bears are looking for Pullbacks to Medium term 24,310 and the Longer term targets being 10,600 Monthly Level. I can observe Bears being content with holding shorts as long as price holds below our 30,319 Weekly Level that extends back to June 22' 30,319 is a S/R Zone that held as a Solid Support during the recent Bull Run to 69K. Price held Support at this S/R Zone (30,319 $) during Jan 21' and July 21'. This is a Major Key Level (30,319$) for Shorts as I can observe price going back up to 39K rather easily if price does not hold here.
COINBASE:BTCUSDLong
by ShrewdCatfx
Would like to be proven wrong Bulls! Eurusd 💶We have printed two Bullish Monthly Candles back to back. The first week of this current monthly candle for May 23' has closed as an indecision candle. I am gravitating towards the Bull side but would not be surprised to see more of a sell off after the May FOMC decision The FOMC decision to raise rates by 25 basis points coincided with our extreme highs of the Year around the 1.105 Weekly Level In a way I want to be proven wrong on the Sell Side for EU. I want to see Buyers stay strong around our extreme Highs here in the 1.10's and not be phased by a short term descent in price as FOMC price action settled after the initial announcement. I would like to see buyers at 1.09718 and 1.09480 Daily Level's be taken out before any more of an ascent occurs. The Price I'm looking for is 1.09176 Daily Level. To begin the week before CPI data on Wednesday I will be looking for price to pullback but will be happy if proven wrong instead with price displaying a quick ascent back to 1.1095 and beyond with CPI numbers.
Short
by ShrewdCatfx
Buyers want 1.1024 4Hr Zone Holdd.. before potential Avalanche ⛄Scalping, Scalpingg. Has taken my heart. Discipline and Patience. Aggressive when it times to be aggressive. Fearless when it's time to be fearless. Trust in thy system and process. And Gold to be attracted to thy pocket with time and accumulate in ever increasing quantities. Will bulls hold 1.1024 4hr Zone? Or as the Daily candle flips bearish at 1.10239 will bears take us back to Support on the daily timeframe once more at 1.09718. 1.10148 Current Daily Low being the current Daily Low --> 1.10148 is a 1Hr Zone and our last potential Support before I see Sellers taking over once again. The 1hr timeframe and 4hr timeframe have clean traffic to the left hand side and we should mirror those as we go back down. CPI on wednesday will most definitely shake things up. Early in the week we have seen the market be proped up by Asian session buying. Will this buying pressure be sustained? Bulls + Monthly Candle is Bullish + New Weekly Candle gapped up and is Bullish + Friday Daily Candle Closed bullish + the first 1hr of our new 4hr candle jsut closed Bullish above 1.104 + 4Hr market structure is Bullish + A bullish Asian session to begin the week. Price has been consolidating since London Session open with 1Hr candles printing in a tight range +De-Dollarization appears to be more evident than ever Bears the 9am GMT 4hr candle closed below 1.104 4Hr Level Price is still holding steadily below 1.10590 Weekly Level Price is leaving a Top wick appearing to reject Daily Level 1.1059 The weekly candle last week printed a Lower Low and a Lower High on that timeframe.
Short
by ShrewdCatfx
💵 Dollar Buyers Pile Back in with NFP DataWell Dollar Buyers Piled back in with positive Jobs data. Eurusd returned back to the bottom of the range for the 3rd time in 2 Weeks. Our Daily Levels being 1.097 and 1.095. Quite the week for Swing traders and Scalpers playing the range.. Like who cares about breakouts anymore 😂. We were anticpating this data to take us out of the range and up to 1.115 but that is for another day. The Weekly candle will either Pullback up or continue dropping to end the week. It appears that we may be going to correct the NFP release at 1.10111. This occurs a majority of the time. The timing can be quite tricky however. I've seen it take 2-3 Days or 2-3 Trading Session or even 2-3 Hours. Yes, or even less than an hour. Either way have a great weekend. No trades today because the sum of my Previous 5 Friday's were profitable BUT only on 20% of the days. I had a Big Friday in Late March which brings the sum of my recent Friday's to a positive. If I had traded today I would have done well. But as mentioned previously the majority of Friday's are a Small Loss or Break even. It's Friday and even though I'm overall up on the sum of my friday's, I would rather save my energy and go enjoy the weekend. This doesn't mean that I can't still watch the charts. I did. I had a B.E. week. It's better than a Losing Week! Another week of experience under the belt. Safe Trading.
by ShrewdCatfx
Fakeout at 28,500$ Daily level? 😼 Setup : FakeoutLooking for a bounce back up for a retest of 28,500 before returning to the downside. We haev 2 days left in this Weekly Candle. I can see the weekly candle closing below 28,500. If we do this, we can anticipate a top wick retest on the next weekly candle back around 28 to 28,500 Area where we will look for short setups. I think we became a bit over extended here for the bulls. There are popular posts talking about taking more buys. This did not play out and price is ruthlessly coming back down taking out buyers from previous few weeks who have held the bag. I'm anticipating a bounce but a deadcat bounce for more shorts.
COINBASE:BTCUSDLong
by ShrewdCatfx
2
USD/CAD: multi-timeframe outlook. What is the next move? Looking at the DAILY-timeframe graph on the left-hand side of the screen, we may observe that the previous candle has managed to close impulsively bullish and approach the crucial area of resistance highlighted on the chart. Zooming into the H8 graphic, it can be inferred that the price might be headed towards the 1.364 - 1.365 region before forming a Double Top and commencing its bearish impulses. The major USD fundamentals due later today should be taken into consideration as well before planning on executing positions on this pair. All in all, we will keep monitoring the price action and news reports before opening a transaction.
Short
by Investroy
16
GBP JPY - Moving on up G'day, Master Key for zones Black = Yearly Red = Three Month Blue = Monthly Purple = weekly Pink = Three, Four Day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual. Below are some of the take aways from the video. Daily Chart Bonus Four day hour chart Weekly Chart Monthly Chart Let me know your thoughts and analysis. Each opinion is valid where research is conducted. Do you enjoy the setups? Professional analyst with 6+ years experience in the capital markets Focus on technical output not fundamentals Focus on investing for long term positional moves Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXIII
Long
by LupaCapital
EURUSD 4H 28/04/2023 Currently, in the 4-hour timeframe, we are in an uptrend range that extends from 1.08960 to 1.10758, with the latter being the current range liquidity point. Following the structure and the ranges that have been created, we can identify two areas of interest: 1.09171 and 1.08571. These are the zones in which we can search for reactions to position ourselves in the bullish movement or alternatively, we could descend to lower timeframes to follow the new bullish ranges that are forming in favor of the trend.
Long
by mdr300896
Inflation Data 📊 Favoring BreakoutHas EUR Topped out and has GDP been enough to put the nail in the coffin? Price is continuing to reject extreme prices and this was anticipated from 1.1045 and 1.1056 Higher time frame level's. However Buy Side took over to close out the NY Session. Maybe this is a precursor to a Bullish /Optiumistic CPI release tomorrow and a rise in EU. This is my Bias for the last Asian session of the week. More Analysis: We may retest 1.10 1Hr Zone during Asian Session. It is wise to be weary of the fact that we are in a range on the Daily TF between 1.1045 and 1.0973. I was anticipating that we would keep pushing and do a continuation for NY session which we did, sort of at least back to the lows which was momentum from the news release. But these low prices didnt hold and the Daily cnalde is pulling back up to end off the session.
Long
by ShrewdCatfx
XAUUSD 1H 25/04/2023Currently, in the one-hour chart, we are within a bearish range that spans from 2011 to 1969, with the latter being the range's liquidity point in this time frame. We notice that the price did not close above the first gray zone, which ranges from 1998 to 1989, so if the price returns to this area, we could expect a bearish reaction. On the other hand, if the price touches our second zone, ranging from 2008 to 2005, without performing a pullback, we could look for a bearish reaction to liquidate the range.
OANDA:XAUUSDShort
by mdr300896
Correction Imminent for Liquidity? 🏔️ Eur/UsdLooking for a Correction because price is going straight up. The New 4Hr Candle may be the catalyst for an Asian Session Pullback before the 2nd London Session of the week kicks off. As we approach London Session we will see more volume arrive and anticipating potential corrective structure. The RR is worth a short although you should never walk in front of a train unless you have confluences and a good RR Idea. Anticipating corrective structure during this session and London Session. For Buyers maybe a retest of Broken Weekly Level 1.1058 for more aggressive buys. For better buys one of the previous 1Hr Zones at 1.1045 or 1.1027 or if we pull back harder.. maybe we'll consider more short term downside because it is quite early in the week. 1.1075 Weekly wick Fill from 2nd Week April is likely considering we just had a strong Daily candle close (at) 1.1045 Daily level. We closed below our Weekly Level at 1.1058. So no most optimal buy scenario for continuation here but we'll see. More Analysis: Taking Buys today throughout NY Session was straight forward as we had the NY 4Hr candle close above 1.102. This gave me confidence to take buys throughout the session. Although we had a tough time at first, we kept trading and my system ended the first trading day of the week on a positive note ( No pun intended ). Sometimes my entries are a bit sloppy as I can be quite impatient. This is why I am a Scalper however as it is more suiting towards my persnaility anbd trading style. However, Risk Management is especially significant with a scalping strategy as although wins come faster same do cost's of business.
Short
by ShrewdCatfx
EU Slides 🛝 and Dollar ReignitesPrice is currently In a Range between 1.0952 and 1.0988 on the 4Hr. We have extreme short term prices at 1.10. We have multiple wicks here and we can bet probably that there will be a downside reaction for bears after we hit this area. It is also a psychological area for everyone on all TF's. Hawkish remarks by Fed recently don't necessarily appear to have drastic short term consequences but we may quickly have that answered as we begin the new week. We have price funneling up on the line chart on our intradday charts. We have alot of free liquidity waiting to be realeased if we can close and hold above 1.10 extreme prices//psychological area. 1.0871 is weekly target frr bears, the next daily zone below prev strucutre
Short
by ShrewdCatfx
Do Engulfing Candles Work? 🤨Yes Engulfing Candles work but it depnds on the context. If are at either a Weekly, Daily or 4Hr level then I will have more confidence in my entry. If not then we may just be selling into momentum and getted rekt while price goes the other way and we weep as our ego suffers. We have a minor zone at 1880 but nothing more than that, at least considering what is relevant personally. However, we have had sustained bearish pressure on the higher TF's such as the Daily/Weekly and appear to be printing solid engulfing candles on those timeframes. 1 More day for the weekly candle to close. I can observe price potentially returning to the lows for more liquidity around 1840 and going into a range. If not then candlestick patterns dnt wrk and that's why we always stick to combining confluences, and considering context before entering after a candlestick pattern. Thinking more range before we see 1942 again.
COINBASE:ETHUSDShort
by ShrewdCatfx
Fomo Buyers + News Correction of Unemployment & PPI Data 🎢You may observe rejection of 1.1057 Weekly Level as mentioned in prev post. Very good sell opportunities as we rejected the weekly level and Fomo buyers were caught off guard. The American consumer is struggling and can be observed by retail sales data. We had a 7am Continuation when consumer sentiment was released , acting as a catalyst to continue momentum of the already established direction as we rejected 1.1057 weekly level as big buyers TP above 1.103 extreme prices. We would prefer to See the Daily candle to close below 1.0988 for Sells to continue. For Buyers we maintain an overall bullish trend if we hold above 1.0988. We do see some very large engulfing candles on the 4Hr on EU here. That is why I'm looking for some sort of continuation to the lows as we walk into the weekend and the open on Sunday. I think DXY bulls are on to something here but it is CPI week and the weekly candle is closing bullish. I would like to be proven wrong early in week next week like Sunday/Monday for more buys back up to 1.1057 and higher.
Short
by ShrewdCatfx
2
NFP March 7th, 2023'In yesterdays publishing you can observe that our short term target was at 1.0938. Some buyers are taking profit as we have reached this minor zone 1Hr level. The bullish 4hr candle closed above 1.0918 which has been our Fakeout sell side entry area. This is bullish technically speaking. Looking at market structure it looks great. So we had a fakeout market strcutre display, but now look where the 4hr candle closed. EU being tricky. In larger context, I don't like buys as much at these prices. I like retests of 1.0867 to end the week off with NFP tomorrow. Price is consolidating near the Daily/Weekly highs and playing games. If we go Long, I like Bulls respecting 1.0918 , possibly wicking back down again to 1.089 and then rocket to mars at 1.103, Weekly timeframe wick fill. Trading : Fortunately, I did trade and anticipate sells off this level after news was released this morning. Price wicked up violently triggering my buy stop. In profit for two seconds then hit SL. Only half risk here. Consequently, I took sells after we whipped back down and created a low to go fill in momentum. I scaled in with full size effectively and picked up 7.3 pips in 6 minutes. I took one more sell for +2 pips with higher risk which worked out well. Took 1 more trade with half risk and closed for small loss. Called the day there.
Short
by ShrewdCatfx
Moving into Weekend 🏖️ Weekly Candle Pulling back As mentioned in yesterdays publishing, we were anticipating dollar strength moving into NFP. The market structure was a bit awkward moving into NFP with price consolidating testing to see if it could hold 1.0918 as support. We punched through back to 1.089 with NFP data. Took advantage of these intuitions for the better then consequently ran into risk management issues. Nonetheless we have seen great sell opportunities these past 2 days to end the week and I'm not surprised. Moving into the weekend I think the weekly candle can cointinue to pullback and potentially gap down as we open next week. I've been talking about 1.0918 frequently as it will act as our Fakeout level on 4Hr Timeframe if we are right. If we are wrong, will range and ultimately like the bulls to do a solid break and retest above and beyond 1.0918. Have a good weekend.
Short
by ShrewdCatfx