AUDUSD Long/Buy Idea AUDUSD Long/Buy Idea
waiting for a momentum candle close above 0.6820 to buy this one
Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Trendline (in blue)
3- Rejection/Support zone from Daily (0.6700)
4- Head and Shoulders forming (in orange)
Waiting for the right shoulder to form to enter on the neckline (in purple) break upward above 0.6820 (in gray)
Topdownanalysis
GBP/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/USD.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we can see that the price is in a beautiful downtrend.
Weekly: On weekly we see that, the price is at the monthly support. Which can lead to a strong bullish movement. I expect that the price bounce off from the H4 resistance and fall down after that.
Have a nice day.
The Top Down Analysis MethodThe signals you get on the higher time frames should surpass that of lower time frames.
Reaching a resistance on the weekly time frame but you see a buy signal on H4? Look to sell as the higher time frame data prevails more successfully statistically.
Is a trend moving up but you missed the entry? If you determine the market to be bullish you then look for buying opportunities, even mid trend (and this can be done with low risk). This allows you to find opportunities no matter what the market is doing...
You see a reversal pattern on H4 to go short? Check on the weekly time frame to ensure you're trading the reversal at the end of the trend! ( That's why it's called a reversal and not continuation).
Using the top down analysis method can help you to filter out mistakes from your decision making process with these easy steps.
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Happy trading!
CHF/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair CHF/JPY.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we see bearish momentum.
Weekly: There is a huge bearish candle after the long bullish pullback. We are bearish from now on.
Daily: I think the price will break the inner counter trendline and react to the outer counter trendline. As a result, he will retrace himself from the outer counter trendline and then he will break through the outer counter trend line.
AUD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/CHF:
Lets start with the Top Down Analysis.
Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand.
Weekly: We see a retrace from the last low( the wick) and look for short entrys.
Daily: Clean bullish retrace after the long down trend.
H4: We see a Counter Trendline and wait until it's broken.
GBPJPY DAILY LOOKThe daily chart also suggests a bearish reversal in line with monthly and weekly technical standpoint. We see several reversal candlesticks under the 155.000 and 150.000 monthly key levels. Once again moving averages are bearish and clearly have formed dynamic resistance for the pair. Price has remained in the uptrend however and has formed another channel, testing the lows and creating sell opportunities.