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Topdownanalysis

NZDUSD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: NZDUSD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes. on H1: NZDUSD is forming a channel in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and sell on its break downward. Trigger: Waiting for a momentum candle close below the gray area to sell. NB: Until the sell is activated, this one would be overall bullish . Good luck!
Short
by TheSignalyst
1
EURGBP-The dumbest trade of all time???I'm not doing this seriously, but this should be a fun experiment. I'm applying a brand new strategy here, trying to use the weekly and monthly levels. It would be too crazy if this actually works out, but hey, you never know until you try... Hey, before you scroll through and ignore this idea, just please check on the future price movements. Again, if it works then it is just the craziest thing that you've ever seen in your entire life, right? Sure it has high RR because the SL is like 4 pips and whatnot, but if I move the SL to the R1 pivot then it would have 5R, which is still pretty good.
Short
by NhatHoang123
EURAUD two possible scenarioson H4: EURAUD is overall bearish trading below our green trendline so we will be looking for objective sell setups on lower timeframes as price approaches it. unless price forms a new swing around our green trendline and breaks it upward, then we will buy this one long-term. on H1: EURAUD is forming a channel in red so we will be waiting for a new swing to form around our lower red trendline and sell on its break downward. we also have a regular bearish divergence adding more confluence to our sell setup.
by TheSignalyst
GBP/JPY LONG Top-Down Technical Analysis: The monthly time frame shows a strong bullish signal Weekly also is bullish biased rather than bearish as candles are making higher highs and higher lows Coming to the daily time frame we can clearly see how the trend has switched from bearish to bullish as soon as we formed a double bottom and broke the previous lower high formed. Now as we created a new high , price should come and retrace at a certain level (most likely around 133.500-fib 61.80% where we see a lot of confluence), thus creating a new support (new higher low) to continue its bullish movement. In the 4-Hour time frame, price was bouncing within the channel until it broke out of it to the downside so now, as mentioned earlier, this movement shows that price is more likely to retrace at lower levels to create a new support and continue its overall bullish movement. Target Profit 1: 1st purple zone at fib -27% Target Profit 2: highest purple zone or at fib -61.80% (depends on the price movement...though safer at -61.80%) *Keep in mind that fundamental analysis may disrupt price action at any given time, specially with sudden news being announced and creating a new sentiment in the market.
Long
by YerwantKansabedian
4