AUD USD AnalysisFrom the daily chart
Bearish engulfing candles followed by Pin Bar.
Rejection from 61.8 level.
Divergence is evidence on Stochastics.
From the 4 Hr & 1 Hr
Divergence evidence on both Stochastics and RSI.
Tripe top has formed and unable to break above the 61.8 level.
Risk Reward
Based on a Sell entry when price breaks out of the consolidation box and assuming a stop loss at the top of the box then;
1:3 is possible to the bottom level of structure.
1:5 is possible to the bottom of the 61.8 level leg D
Timeframe
USDCAD Multi-Time Frame AnalysisANALYSIS
1D: 1D Time Frame showing Downtrend. Price is approaching 50/83/100EMA which could be a potential dynamic resistance.
4H: Looking at 4H Chart it is currently on sideways approaching minor resistance.
Action Items
If price broke above minor resistance, wait for pullback then go LONG, targeting at least 1.32822.
If the price bounced or faked-out of resistance, go SHORT targeting at least 1.31357.
Note: This is my personal analysis only. Trade at your own risk.
#bitcoin - 3D, D, H4, H1Good morning Traders,
let´s have a quick look at our trading-range today. The little pump yesterday has given a lot of people a little heart-attack cause they feared they will miss out the pump up to $ 12 k or higher.
Some facts straight, if you look at the Daily chart it becomes clear where we are stuck at the moment and why. Not only the price is ranging between two important MA´s (100 and 200), it is also stuck between the Monthly and not very well
known Quarterly Pivot, that has been major support for the recent intra-consolidation descending triangle.
So? Have we produced something major bullish yet, that justifies a swap from swing-trading and low-interval scalping to hodling? The answer is no.
We need to leave this range between $ 9 k and $ 9.75 k and break that P-Q AND the trendline in order to be able to go more over to the green side.
Watch those levels and take what is given in between until the big move happens (unfortunately either direction is still very possible).
Also to mention: We are stuck in the 3D Cloud and yesterday´s try to escape the Daily, failed so far.
Happy trading.
Neru
EURAUD - triangle set upFX:EURAUD on Daily time frame has been largely in a sideways market for a long time and has now moved into a triangle set up, approaching the climax. We have seen in the previous analysis on H4 charts that price sitting below the 50 period moving average and chart showing a descending triangle formation, more likely a short setup, awaiting price action
In the daily chart, price seems to sitting just below the 50 day Moving average and looks like a Doji formation with a red candle so far, need to wait for market close to loo at the final candle formation.
ADX DI indicator shows currently DM+ is above DM- which indicates upward price movement, however ADX that measures the strength of current trend indicates the trend is till weak, also adding the support to current candle formation of a Doji.
In effect, to sum up, sideways daily time frame market with weak positive trend and a H4 chart with descending triangle, short set up likely
Please see link below for the analysis for H4 chart for your reference
If you like what you see, please share a thumbs up and a comment in the section below
Cheers
EUR/NZD - Possible Target In Case Of A Bullish Breakout*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The trend on the daily chart still seems bullish, so the next target for the price could be the resistance drawn on the monthly chart.
Obviously I won't take this trade blindly, but I will wait for the retracement of the bullish breakout, the optimal confirmation for me would be an engulfing pattern on the 4H TF.
Can Bitcoin Reverse From This Double Bottom?Bitcoin has just retested the Demand Zone for the second time with a strong price activity.
A Medium Term Bottom may be here.
Time to retest the upper Resistance of 8200 - 8500.
Indicator:
9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
1 Blue Ribbon (Strong Support) in about 6H timeframe, appears in the same level as the previous Blue of Sep. 27
If Blue becomes Purple, the support is broken.
I appreciate your like or comment. Welcome to share your idea here.
PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Has #LTC bottomed?It seems that it was going down and then after my previous post about #LTC I no longer knew or understand what it was heading. It was clear that I was missing something out there and I couldn't see it. I then went back to see the 1 hour chart, 4 hours chart and then decided to jump to the monthly time frame and come back to weekly and then daily. I discovered that there was a level in the monthly time frame that was tested and respected in the weekly and daily charts and that was clearly the bottom of the descending wedge that was longer than expected. After that level was tested a recovery started and it has been trading within a descending channel that can be seen in the 4 hour and 1 hour time frames which I believe will go as high as the previous monthly level that 0.00756 BTC and if it successfully pass through it the move will continue, if it fails to gain that level it might resume its downward direction.
CHFGBP Continues the Trend Long TradeSymbol: CHFGBP
Timeframe: 1H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: 1H: Red -> Green
Medieum Timeframes: 8H: Blue
Long Timeframes – Context: Green Series
Other Signal: Inverse Head & Shoulder. Structure Support
SETUP: Wait & Long Bullish Breakout the neckline
ENTRY @ 0.8359
SL @ 0.827
T1 @ 0.847
T2 @ 0.855
I appreciate your like or comment. Welcome to share your idea here.
PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
GBPEUR Potential Short Symbol: GBPEUR
Timeframe: 1H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: 1H: Lime -> Yellow
Long Timeframes Context: Light Red
Other Signal: Head & Shoulder, Rejected by Structure Resistance
SETUP: Wait & Short Bearish Breakout
SL @ 1.10851
T1 @ 1.0871
T2 @ 1.0821
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
GBPAUD the LONG way, but the PATIENT way.Multi TF analysis first, we see the Monthly/Weekly/Daily in congruence for an uptrend. On the daily here, we see that the market could be pulling back. I've got the fib zones marked with rays. As you can see there is the 50 and 61.8 percent level each identified with a ray. Additionally both those fib levels have confluence with a significant support/resistance zone. So it could be a retest as support of those levels. For further confluence, we see that at the %61.8 zone, there is close to the bottom of the equidistant channel coming through for a 3x confluence zone. This will be really powerful. I'm looking to take this from one of those two zones all the way up to where the arrow stops. For my trading style I noticed the 1h, and 15m are in a downtrend. I'm looking for an entry on 1h after an impulse wave breaks the downtrend structure and retests. However a candlestick confirmation for a bounce off a zone may be enough on the 1h or 4h. Lastly, we wait. This idea isn't to tell you to jump in now, but to wait and watch to see how the market reacts when it gets to these two zones. We must remember that the market does whatever it wants so it could randomly go against all of this structure. However we have the statistical advantage with good multi-timeframe analysis. So keep those fingers crossed.
Trade at your own risk, I am not a professional and this is not professional advice, this is just my personal analysis.
PatiencePays
GBPCHF for the LONGS until 1.22200For starters, on the right we have a weekly chart, and on the left we have a daily chart. Using multi time frame analysis, I'm leaning towards believing that this current uptrend we are in can make it all the way to the orange line for either a retest of that orange MONTHLY zone as a support turned resistance OR, it will turn out to be a false breakout on the monthly chart, and break back into the consolidation between the two orange bars on my weekly chart to the right. Either way, it's looking like longs to me until we get to that orange zone. Especially after we see a retest of the purple weekly zone on the daily chart(left) with convergence of retesting to the 61.8% zone, and further convergence of what I had pegged as a supply zone, but I'm not good with those yet so you decide for yourself. I would say this is a good trade to lose, and as you all should know, anything can happen anytime so best of luck.
I am not a professional trader and this is not professional advice, (maybe one day it will be), but until then, trade at your own risk!
#PatiencePays
NZDJPY Retesting a 4h Descending TriangleIt isn't the prettiest, but How often are they? Here we see a Descending triangle formed on the 4h hour with at least three touches. We have a candle close under that support and it looks to me like the market is returning to potentially retest that previous orange MONTHLY support zone as a newfound resistance zone to continue the overall downward trend. From a multi-time frame analysis perspective, the monthly, weekly and daily chart are all congruently in a downtrend so this retest here looks to be a great opportunity to jump on the people's trend, get some good gains and a great risk reward. Of course first, we must wait for the candlestick confirmation or however you identify trend being reversed at a zone before we enter this trade for a high probability entry.
I am not a professional, I aspire to be though, but trade at your own risk.
#PatiencePays
GBPAUD LONG GBPAUD has formed a acesding triangle on the 1HR and 4HR time frame and has broken the resistance that was previously tested and rejected successfully 4 times, price action looks to retest this previous resistance and flip to support. Price action is making higher highs showing a uptrend of price. On the 4hr time frame a dragonfly doji has formed showing an indecision of price which confirms the uptrend. Take profit is targeted at 1.80430 using a 1:3 RRR.
Bitcoin Found Support: Buy the Demand Zone 20190811Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 30m
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short Timeframes: Red -> Blue
Medieum Timeframes: Red Series
Long Timeframes – Context: Green Series
Long Wick Candle in 1H Timeframe
Demand Zone: 11100 -- 11350
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
GBPAUD: Multi TF analyze - To keep it short: - Short team Buy if break the line or 1.8 zone -
So where are we now?
1. Weekly:
What i can see:
- Buy signal :High volume (enough) bullish pinbar
- At the swing low - still in the chanel
- Divergence shows bearish signal.
Technical:
- Buy: price action, trend analyze, candlestick analyze (+++)
- Sell: Divergence (+)
Fundamental:
- Sell: Brexit. AUD rally down is actually a good thing for it's export and will soon rise(+)
So, we can expect short term buy and long term sell
2. Daily
What i can see
- price bounce off Support with high volume
- Bullish pin bar
- Bullish divergence signal
- Price touch upper trend line in a shorter term than before
- Reverted HnS pattern(kinda)
Technical:
- Buy: Divergence, Trend analyze, HnS (+++)
- Sell: ?
Fundamental: Same with Weekly
3. 4Hour
What i can see: Price is held back and may enter a consolidation time, but overall not differ much from D1
Conclusion: Base on Suppy and Demand zone, i say buy if price break the 1.8 with sthing like price acion.
All the analysis can be all wrong, so "choose your playground"