Get started

Multitimeframeanalysis

NZDJPY, Retracement to gain momentum for buyersNZDJPY is looking to continue its growth after a short term retracement retesting the 84.50 level. As you can see price has created multiple higher lows indicating a bearish run may not be likely at this moment. Price impulsively broke out of the upper trendline of a reversal structure surpassing previous highs which we should see further upside after a short pull back. Be patient with your entry, ensure your criteria for entry is met. Thanks Trade Safe
Long
by ktlfx
2
7Am Continuation. Looking for 1.0583 and 1.057It is Likely we will see a Continuation of Momentum. This is due to the previous 4hr candle being a large engulfing candle. It is likely we see more red on the current NY Open 4hr candle, or on the later 4hr candle. Probabilities speaking. Price has Continued to Respect Market Structure on Higher Timeframes ->> Daily Timeframe. 4Hr There is Momentum, alot of red candles, alot of sellers sitting patiently to jump on the train at 1.067 I think they are looking for 1.055. We'll see.
Short
by ShrewdCatfx
EURJPY ForecastWe have two potential scenarios for the EURJPY. Unfortunately, none of them will give is a good trading opportunity in the short term. Scenario A The corrective cycle that started in October 2022 is not over, and we will see another wave down before ending wave 2 in the primary degree (green) What to do in scenario A? In this scenario, when the price reaches the green Inflection zone, we will buy EURJPY Scenario B This corrective cycle ended on January 2023, and we have already started wave 3 in the primary degree. What to do in scenario B? The EURJPY will need to break the highs created on October 2022 before looking for buying opportunities in a shorter time frame cycle. In conclusion, in the short term, we do not expect that EURJPY can provide us with good trading opportunities. We will continue analysing it for you and updating you accordingly if the market structure changes Please remember to do not to risk more than 2% of your account on each trading idea
Long
by TradingtheRightSide
Inflation Data was a catalyst to Pullback for Liquidity/+ >PriceWell it appears that inflation helped price pullback to 1.079. Price didn't spend much time up there , less than an hour on tuesday , when data came out. ever since we have bears from last week reappear. momentum is strong because of unexpected nfp data, cpi was expected, positively declined , if that makes sense. price is showing us relentless selling pressure. i mean the price is currently holding up a weekly candle top wick that measures 123 pips which isn't unusual but significant. Price has only gone 24 pips below weekly candle open. It is likely we see a larger range created to the downside. current price 1.06596
Short
by ShrewdCatfx
1
Momentum Setup // Pre-newsWe have a wicks to fill. One is at 1.06174. The Other wick is the Previous weekly candle low at 1.06120. We have momentum so most likely we will touch these prices at some point. We are trading 2 hours before news here. Ultimate target on week on 1.055. Additionally, I think FOMC will help provide a catalyst to take us lower. We may pullback hard first, for liquidity. So be aware of price spikes as we walk into news. Momentum , with regard to Price Action, is explained in the previous post. If we look at Weekly/Daily timeframes we see all red or what we interpret as rejection wicks, which aligns with our bias.
Short
by ShrewdCatfx
1
EUR/USD: multi-timeframe perspective for the weekFirst of all, taking a look at the DAILY timeframe chart of EUR/USD, we may notice the inability of the price to break below the 1.065 - 1.068 area of support and a formation of a huge wick candle. What is more, an ascending channel can be identified and we can observe that the price is stuck in a consolidation box at the lower barrier of it. It's a "break or bounce" scenario at the moment, and we need to use the assistance of other timeframes in order to get further confirmations. Therefore, we are zooming into the H4 timeframe graph and continuing our analysis. The 1.066 area of support has been penetrated both to the downside and to the upside in the span of the past few trading days. Before the market closure last Friday, the price was able to impulse towards the North by breaking the previous Lower Low point. Technically, taking a deep look, we may notice that a Left Shoulder and a Head have been formed. Now, we need to see another Shoulder in order for our Inverse Head&Shoulders pattern to be completed and confirmed. Thus, we are having close eyes on the 1.066 area of previous resistance now turned into support that lines up with the 50% Fibonacci retracement level for entering long positions and aiming for the zone highlighted on the graph. One thing should be taken into consideration: ONLY IF the price manages to retrace the 1.066 level and form a solid right shoulder pattern, our BUY idea will be valid. We are gonna be reactive instead of being predictive. Hence, we will keep monitoring the price development and patiently wait for our entry criteria to be met before executing positions. No rush. Plot your zones and wait for the price to come to you. Once the price is at your zone, wait for your entry criteria to be met before entering the trade. Have a great trading week Investroy
Long
by Investroy
13
EURUSD Analysis + Recent Volatility EXPLAINED (Description) I have a Bearish Bias on this Pair. Trading Structure and momentum on this Channel. Check first Chart in Description to See what I'm looking at. Also, Included in the Description are two charts from Days Feb 1st ( Interest Rated Decision) and Feb 7th ( Fed Powell Speech ) These Charts , when compared and contrasted , are not much different. Actually they are quite the same. After news create initial volatility, Price is corrected nearly to the same price in which it begun shortly after, it may take 1-2 trading sessions or it could take only 1-2 hours. All relative.
Short
by ShrewdCatfx
EURJPY - Exciting SELL opportunity with big potential! 🔻As shown on the charts by multi-timeframe analysis, from weekly down to daily and hourly, we can establish a clear bearish bias for EURJPY. Noteworthy observations: - the liquidity pool on weekly timeframe is very obvious and price will eventually go for it, so I keep that in mind. - untested hammer head on daily timeframe is also very obvious and it usually acts as a magnet for price. Depending on how aggressive you want to be with this trade if it works out, entry could be a price action confirmation signal near the buy zone or a sell limit order. I will closely observe the price action near the first target and make a decision whether to close my trade there or adjust my stop loss to the second target. If I have a strong bias that price is ready to make a run on the liquidity pool, I may re-enter the trade after exiting.
Short
by TradingEdgeHQ
SPY Friday ICT Trading 1/27/23This is the truth. Another great trading day to cap off another green week. We are almost 3 weeks green and we have only learned ICT in about 3 weeks too. If that's not saying something, I don't know what will. Although every strategy can be profitable and profit is within every strategy. Important thing I remebered: "If there is no liquidity sweep, then you are still in trend" - ICT. What was the trend yesterday, what were direction were our objectives point to, what was weekly telling us? Bullish. That added even more confluence to the trade.
AMEX:SPYLong
by kaiz3nfx
USD/CHF: multi-timeframe observation. Where are we headed next?Looking at the Daily timeframe chart illustrated on the left-hand side of the screen, we may notice that the price has printed a massive DAILY rejection wick and failed to break above the crucial area of previous support that now acts as resistance. Zooming into the H4 TF graphic, it can be inferred that some sort of a descending channel has been formed and the price is currently located at the upper barrier of it. From here, we might head down and reach the recent Lows as plotted on the graphic. Executions should be made upon more confirmations and further price development.
Short
by Investroy
5