Rise on EURUSD Interest rates from the FED and ECB came through, and on Friday we also saw the jobs data.
This week the most important news will be on Wednesday.
EURUSD is heading back to a test of previous highs.
On a break, the next resistances are 1.1150 and 1.1275.
The uptrend breaks down on a drop below 1.0965!
Range
HOW TO: Trade with TrendDECODER🥇 Best indicator on ProRealTime MarketPlace - Now available on TradingView
✔️ Identify ranges and the next probable moves
✔️ Get the earliest signals and the strength of Trends
✔️ Get clear exits before reversal
✔️ Spot the Fibo levels the price will test
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Trading is Timing !
Stop being too early or too late trading the Trend or getting stuck in a Range.
📌 What is it about ?
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The TrendDECODER is a concentrate of multiple innovations to make Trend following simple and easy .
👉 With the GreyBox© - identify when the market gets out of the Trend with a new sequence of transition. Check if the market is in Range, Continuation or Reversal (Up or Down) and wait for the closing of the box to get the Trend signal.
👉 With the DecoderSignals© & Blue /Orange Clouds© - once the GreyBox has delivered its message, get the new direction of the Trend and see the probable zones of pull backs during the current direction.
👉 With the Projective TrendLine© - see before it happens the direction and the possible angle of the Trend with its probable range.
👉 With the RealTime TrendLine© vs the Projective TrendLine© - adjust immediately if the market accelerates North or South.
👉 With the RealTime TrendLine Crossing© - detect at the earliest the moment the Trend gets out of track, to get out of the train.
👉 With the FiboLevels© - spot immediately which price levels the market will test.
📌 For which asset?
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TrendDECODER works fine on all assets and all time-frames;
🎓 always work on a multi-timeframe environment to minimize risk;
📌 Why we made these innovations?
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Because the trend indicators that we know lag a lot and do not clearly identify ranges!
We need much more powerful tools than Supertrend or a couple of moving averages crossings to get this done.
📌 How to trade with TrendDECODER?
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🔹 Strategy #1: Trend Following : DecoderSignals© & Blue/Orange Clouds©
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The GreyBOX has given the next probable movement and the Signal of a Trend in on.
The RealTime TrendLine guides us on the pace of this movement and the Blue/ Orange/Cloud figures the support/resistance of this movement.
It will be wise not to jump immediately in the Trend as the signal appears as the price will very probably make a pullback in direction of the cloud first.
Strategy #1: Checklist
📍 Set a Multi Time Frame environment
📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down)
📍 In the Main Time Frame: check the appearance of the « TrendUp Signal » or the « TrendDown Signal »
📍 Entry: buying « at Market » immediately on a « Trend Signal » is quite risky as many times the price will pull back near the Clouds
> a good option is to buy 1/2 the position at market on signal
> and 1/2 after the first pull back
📍 First Stop Loss: place your SL under the lower border of the GreyBox for an expected TrendUp or the higher border for an expected TrendDown
📍 BreakEven: when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry
📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown)
📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN)
📍 Exits:
> Early option : Crossing of the RealTime TrendLine
> Late option : Crossing of the Blue/Orange cloud
🔹 Strategy #2: Early Trend following : RealTime TrendLine Crossing©
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With this simple tool, get a very early signal of a probable inversion of the current Trend, way before the Decoder Signal is shown, once confirmed by the GreyBox.
Strategy #2: Checklist
📍 Set a Multi Time Frame environment
📍 Check that the Main Time Frame and the Upper Time Frame are moving in the same direction (Up or Down)
📍 Entry (Main Time Frame): wait for the Close crossing over the ReaTime TrendLine in an expected TrendUp (under for a TrendDown )
📍 First Stop Loss (Main Time Frame):
> place your SL under the lower low of the GreyBox (for an expected TrendUp) or the higher high (for an expected TrendDown)
📍 BreakEven: move your SL to Entry price when the price reaches your Risk/Reward ratio of 1 = Distance StopLoss vs Entry = Distance Current Price vs Entry
📍 Trailing Stop: just under the lowest border of the Blue Cloud (TrendUp) or the highest border of the Orange Cloud (TrendDown)
📍 TakeProfits: in a TrendUP, place your take profits just under the FibosLevels in order not to get exited (and above in a TrendDOWN)
📍 Exits:
> Early option : Crossing of the RealTime TrendLine
> Late option : Crossing of the Blue/Orange cloud
📌 Configuration
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Well, basically you do not have to do anything !
But you can make TrendDECODER perfectly yours with a few switches in the configuration panel to make appear or disappear each one of the elements composing TrendDECODER.
Potential BTC Short Between around 30.3k and 30.8k are some fresh resistance levels that are yet to be hit.
If price comes into this box with the criteria frp, listed I will take a short risking 1%-2% of my entire account.
*1hr money flow (Red/green oscillator
waves) coming down and crossing the 0 line
*1hr momentum creating a divergence (Blue
oscillator waves)
*1hr vwap (Yellow line on oscillator) curving down
to ward the 0 line.
*12min and down momentum divergence
*12min and down moneyflow coming down
Tp 1 - Value area high at 28870
Tp 2 - point of control at 28000
Tp 3 - Value area low at 26900
Leave the rest to ride
BTCUSD 1D 26/04/2023Currently, on the daily timeframe chart, we are within a bullish range that ranges from 26,679 to 31,170, with the latter being the liquidity point of the range. We can also see that the price reacted to the first supply zone ranging from 27,590 to 26,689, and the mitigation of this zone could indicate that we can look for new bullish ranges in favor of the daily trend in lower timeframes to position ourselves in the movement towards the liquidity point of the daily range.
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.
24/04/23 Weekly outlookLast weeks high: $30480.8
Last weeks low: $28770.3
Midpoint: $27059.7
Last week BTC erased the previous 2 weeks worth of progress and finished the week at just above the 27k mark, considerably under the 1H 200EMA.
The question is where does BTC find support? I've mentioned previously that the 25.2k area is an area I'm keeping my eye on, I would like to see it retested with a convincing and strong reaction off that level to really confirm that we've broken out of the previous range from thew 15k lows to 25k that we were stuck in for nearly a year. However, this would break bullish price structure and print a new lower high.
I would like to build longs around that 25.2k area if it were to get that strong reaction. until then BTC is in limbo and not really showing any obvious direction to me.
GBP-AUD Breakout From The Range! Buy!
Hello,Traders!
GBP-AUD is trading in an
Uptrend and the pair was
Consolidating in a horizontal
Range pattern but now
We are seeing a bullish
Breakout which is confirmed
So I think that we will see
A further move up
Buy!
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Check out other forecasts below too!
Place your bets on this Nasdaq 100 consolidationThe QQQ is the chart of the week heading into a very busy earnings week where many of the largest components will report numbers.
The spring is coiled and wound up and it's ripe for a breakout in either direction. One big continuation pattern in the direction of the YTD rally, or is this the top before the next leg down? Place your bets!
NZDUSD: Daily Bullish Engulfing with Hidden Bullish DivergenceNZDUSD still looks like it would rather Break Bullishly out of this Range than Bearishly and right now it has Bullishly Engulfed on the Daily and has Continued to Build it's MACD Hidden Bullish Divergence; if we could gather enough energy to rally up to and break the Bullish Dragon Trigger Line, I not only think it would make the 0.886 retrace of the range but i also think it would have quite a good chance of breaking out fully from the range and going for new highs.
USDJPY short term ideaHere you see a short term idea on USDJPY based on our most recent shift in the market, now this idea is not our overall bias for this pair but an idea that could offer a short term trade.
of course if we break pas this area of supply shown we are watching the range to play us higher into the supply from our 8 hour swing, if we do play lower from the area shown then il be looking to take a low entry trade into some of our unmitigated price action below.
not holding my breath for this one but thought it was worth a share for any eagle eyed traders at market open.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
$LINK Accumulation Range
Crypto and a fave of mine, Chainlink .
$LINK has been in a range for almost a year. With crypto in general moving up in Q1 of this year this is one to watch.
There is a diagonal resistance from Aug 2020 on the horizon. Diagonals over a long period are ones to watch and a flip here could see buyers rush in.
This is probably a good place to accumulate but if you want to wait for a breakout to trade, you have two areas:
1. The flip of diagonal resistance
2. Breakout from the range top.
Link is definitely one to watch.