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Trendchange

USDCAD - Potential Trend Change - Mutliple Timeframe AnalysisHi Traders! The market is in an overall Downtrend since a very long time. We are going to walk trough these Timeframes: W1 - D1 - H4 - H1 We're going to explain only things which aren't obvoius on the first look. Let's begin with the weekly Timeframe: As you can see the market keeps falling since many months. But that has nothing to say. The interesting part is, that it seems to went in one or two straight lines - which means that the price didn't pull back much. This means that the price can easily rise. Why? Here is an explanation: Moving on to the daily TF: If you consider the last two candles, you'll probably recognize the Morning Star pattern. This is a bullish reversal pattern. Let's continue with the H4-TF: You'll surely heard about that the "Big Boys" or the "Big Dogs" moving the markets. These are all names for the Big Banks who are actually trading. Let's consider the price action a bit: We want to find out whether the BBs are buying or selling. As you can see we have much noise on the sellers side, but on the other side clear Up-Movements. So, we expect that the BBs are interested in buying - due to this low price. We are also looking for a Long Trade. One way is to wait for a pullback and buy at the 50 EMA and Support. Lastly, here is the H1-TF: Here we listed some possible Entry scenarios. If you have any more, let us know in the comments! We recommend to trade with a conservative target, because the market is still in a downtrend. Thanks and successful Trading :)!
Long
by swissmoneymakers
USDJPY - Bearish Weakness in Downtrend - Trend Change?Hi Traders! The market is in an overall Downtrend. In this analysis, we want to take a closer look to the weekly, daily, H4 and H1-Timeframe. Let's start with the weekly TF: We here have a Falling Wedge Pattern. As you can see, the market broke out of the important weekly Support at 104.500. The next Target for the Downtrend-Continuation is the Level at 101.200. Let's continue with the daily Timeframe: On this Timeframe, we can take a closer look to the situation in the wedge. The market made two Triangle Patterns and broke both of them bearish. Now it is moving between the blue dotted daily Resistance and the upper Trendline. We also marked up two Target Levels: The bearish Target at 101.200. That's for the case that the market continues its Trend. The bullish Target at 104.500. That's for the case that the market makes a big either a Pullback or changes the Trend. Let's continue with the H4-TF: Now we come to the intereting part, where some things confluence with each other. First of all, what do we need for a Downtrend? Lower Lows and Lower Highs, right?! So, instead of a Lower Low, we here had a Low on the same Level as before. That means, that the market rejected a lower Price. That is the first clue for a potential Trend Change. Now let's go on. The market made two Lows at the same Level. So it is very likely to be a Double Bottom Pattern. Many Traders feel easy to recognize this pattern. That means, that this is an obvious Pattern and obvious Weakness. In addition, let's consider Price Action. The last green Bar has a the same Range from High to Low as the last 5 candles summed up. It "engulfs" the last 5 candles bullish, so it is a typical bullish Engulfing Pattern. We here have another clue for bullish Strength. Lastly, the Neckline and the descending Trendline aren't far away from each other. That means, that if the market breaks one, it is not very hard to break the other Level too. In the chart you can see a possible Procedur of how the market could reverse and change the Trend. It is a row of Breakouts and Retests. Lastly, here is the H1-TF: As you can see, we here have additional to the Double Bottom on the higher Timeframe here another Double Bottom too. The market even broke the descending Trendline before. The Entry Trigger for trading the Double Bottom Pattern is the bullish Break of the Neckline. It is possible to devide the TP into several Key Structure Levels. The SL should be below the recent Low. We recommend to trade with low risk, because we trade against the big Trend. Thanks and successful Trading :)!
Long
by swissmoneymakers
4
USDCHF - Trend now Changing - Trade the BreakHi Traders! The market is in an overall Downtrend. Let's start our Mulitple Timeframe Analyis as always with the weekly Timeframe. Here is the weekly Timeframe W1: As you can see the market was ranging for a long time. But after some time, it approached the Weekly Support. After one failed attempt, it tried a second time and succeed. The price even made a successful Retest. Since then it is moving in a falling Wedge. The next target is the Weeky Support at 0.87000. Let's move on to the Daily Timeframe: Here we can analyse the situation after the weekly Break more accurate. The market was moving - after the successful Retrst of the Level of Break (tourquise Level) - in a descending Triangle: It made lower Highs into Support. Finally, it broke out, but without any Retest. The market fell from 0.90 to about 0.88. If you consider the Price action closely, you'll surely see that the candles are getting smaller and smaller. So, now one question for you: You see a car racing up and moving fast towards a curve. Suddenly, it slows down. Do you think, it is going to break the curve? Of course not! It is most likely to reverse from there. (Obviously it cannot "break" the curve, but you get the point, right?) So, we should look out for a potential Trend Change on the lower Timeframes. The target for a potential Trend Change is the "Level of Breakout of the descending Triangle2. That's because two other things confluences with that: - The Upper Trendline of the weekly Wedge and - the 50 EMA Let's continue with the H4-Timeframe: What do we do to detect a Trend? As a beginner we mark up the Lows and Highs and see whether they go up or down. We used the same method here. As you can see the market made lower Lows and lower Highs. But at one certain point, we recognized a change. Since then it started to made higher Highs and higher Lows. That's one way to detect a Trend Change. The Trading Plan is to trade the Breakout of the descending Trendline. We already set up the Target on the daily TF. Let's set up the SL on the hourly TF. Here is the H1-Timeframe: In addition to the Trendline Break on the H4-TF we here have a symmetrical Triangle Pattern. We can set our SL below the recent low and the Entry above the recent high. We can also see, that the Bears tried two times to push the price down lower, but they failed. That could mean, that we have hidden Bullish Strenght in the market. We recommend to trade carefully, because this is a counter Trend Trade. Thanks and successful Trading :)!
Long
by swissmoneymakers
2
EDUCATION _Trend duration All trends can be divided by: short-term; medium-term; long-term. To determine the duration of a trend, you need to use senior timeframes. In classical theory, trends are divided into annual, monthly and daily trends. For scalping, as a rule, we have enough: define a long-term trend on a 1-day chart; medium-term trends will be 1-4 hours; short-term trends at 5 and 15 minutes. Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different. Say, what do you see on these 5 minutes? Does the price, like an abnormal price, fall down after a side movement? Absolutely. Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different. Say, what do you see on these 5 minutes? Does the price, like an abnormal price, fall down after a side movement? Absolutely. the same chart looks like on the 4-hour time frame: It is very important to understand where we are in the trend. You can see the types of trends in this post: Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
TVC:UKOILEducation
by Yuriy_Bishko
30
EURJPY Potential Trend ChangeWe have seen Two completed trend changing patterns in this pair. The last bullish move that happened on the 4HRS Chart has resulted in a downtrend; series of LH'S & LL'S. The rally that is currently going on is an opportunity to sell if price stops at the 61.8% retracement area and also fail to break above 124.44. If we manage to get a sell out of the EURJPY, 124.44 is the ideal stop loss because this price represent the last S-STR that took price all the way to the low of 122.83. I will update this one .... Trade with care.
Short
by Charts247TradingAcademy
Why I took all my money and put it in UVXY and HTZYeah, that's right. Brrrring it. Well, the thing is, that I am not rich. But, I think I understand charts quite well. I have been eying this one for a while. I even had written the buy zone. Knowing my impatient self, I bought it earlier once. The second time around, the price plunged into the zone I was supposed to buy at. Patience in trading is very important. Lesson learned, I suppose? But FOMO is irresistible, I know. I don't like gambling either. This bet seems like gambling but it's not. I am up right now, with an entry of 12.11. ENTRY: 12.11 EXIT: 17.30 - December 2, 2020 Oh and HTZ? Yeah, of course, that's a quick little roulette gamble, that I am sure will pay off nicely too. Anyway, I got a book coming out, assuming that my prediction is right or not called "Homeless in Africa," make sure to check it out. For those more conservative to this idea, anything significant below the yellow line is a great exit point. If you made money from this tip, hats off, that means I did too! Please tip the man with the idea. (I got many more don't worry.)
CBOE:UVXYLong
by Princepersia1
13
USDCHF - Trading the Trend-Change - Weekly to H4 AnalysisHi Traders! The market is in an overall Downtrend. Let's begin the mtfa with the Weekly. Here is it: As you can see the price was moving between two major Support and Resistance Level. The Resistance at 1.02 and the Support at 0.92 were the Key Zones. So, if you take a closer look, you'll recognize that the market broke the S and even retested it. Our Trading Direction based on that is DOWN . Moving on to the Daily: Here you can see the Downtrend very clear. Remember, on the weekly we had a Retest. This retest is on the daily the Pullback. At this moment, it is at the Resistance Box. We want to trade the Break of the Resistance Box. Lastly, let's move to H4-Timeframe: As you can see the market is moving in a Parallel Channel. It seems to be in an Uptrend. It made a higher high, then higher low, again higher high and now a higher low. If the market breaks the Trendline downwards, there wouldn't be any Higher Low. And that's why the H4-Uptrend wouldn't be strong and we could jump on to the weekly direction: downwards. We'll trade the Breakout of the Channel. The SL is above the High of the Parallel Channel. The TP is at Support. We recommend to wait for an Pullback after the Break! Thanks and successful Trading :)!
Short
by swissmoneymakers
2
$Aapl, How about them apples?Smash the like button and the follow button! This is a follow up to the previous chart posted, also containing a previous days disclaimer as the information still applies(110-112 zone note). Apple had a huge day today, but many analyst are calling for the market as whole to be heading back downwards, can Apple keep the steam? Breaking out towards the upside out from a falling wedge, Apple had a CRITICAL day that was necessary for any hope of a recovery soon. Apple needs to hold this zone and break over 112-113 to confirm a trend change and breakout towards the upside. RSI has space to run, which is a good thing, but it needs to take advantage this week to get out of these middle/danger zones. Youll also see there was a partial gap fill that has recently occured (purple zone) A close directly in the vicinity of the 50 day moving average gives the hint that this one could be ready to head back up, we just need a couple more confirmations via price action, and Apple could be back into a bullish mode.
NASDAQ:AAPL
by king806
USDCAD - Important Trendline Break - Trend ChangeHi Traders! Alright, let's begin with the Multiple Timeframe Analysis (mtfa). Here is the daily: As you can see the price just BROKE the Trendline. The Beginnning of the Trendline was in March 2020. We expect a strong Uptrend in the future, but firstly a consolidation. Now, here is the H4-Timeframe: The market is making higher highs and higher lows. It broke out and even retested it now. At this moment it is rejecting lower prices. --> Positive Bullish Strength The first target is the last Top. Finally, here is the Entry Timeframe (H1): The price is moving in a consolidation after the retest. Our plan is this: If the price closes above the orange box and the 50EMA, than we'll Buy. The SL is at the Low and the TP at the Top. We recommend to trade the market with a favorable Risk-to-Reward ratio (RTR). Thanks and successful Trading :)
Long
by swissmoneymakers
2
USDCHF - Determine hidden bullish strength - MTFA & ScreenshotsHi Traders! The market is in a Downtrend, but we still publish an Bullish Trading idea. Why? Because there are some bullish signs determine a future Upmovement in the market. First of all take a look at the daily Chart: The market was falling all the way down towards the 0.90500 mark. Then the market bounced back. Look at the Stochastic: It is showing a bullish crossover in an oversold condition! This is the first indication of potential bullish strength. Now let's move further, H4-Timeframe: As you can see it is moving in a descending Parallel Channel. At this moment the market is at the upper Trendline. Here you can see two bullish signs: Double Bottom The market made a low at the turquoise Support. Then it pulled back and came down again, BUT it failed to make a lower low! That means, that this particular price is recognized as "cheap" and Traders are buying from there. However, there is another sign: No Rejection It relates to the behavior of the Trendline Bounce-off. Look closely to the first Trendline-bounce at the turquoise Level 0.92314. Price reached the Trendline, shooting star and then it dropped off immediatly. And now: Price reaches the Trendline, makes one spike up, makes a second spike up and still closes with a big green body. The last candlestick is a bearish candle, but is isn't bigger than the green one before. No rejection. No negation of Buyers saying "Price too high, it'll drop soon...". Bullish Power. Traders preparing for a Buy. Last but not least let's swith to the Entry H1-Timeframe. The setup is easy: - Wait for the bearish Break of Channel (market has to bounce off a bit from H4-Trendline and 50MA) - Buy from the Entry Areas drawn in the chart - Set a safe SL below the lows with a risk of > 1% of your Trading account We recommend to nevertheless trading carefully, counter trend trading isn't always a good opportunity! Thanks and successful Trading :)!
Long
by swissmoneymakers
2
EURUSD - Double Top Pattern - Price at Double ResistanceHi Traders! The market is in an Uptrend. Before we get deep into the analysis, let's take a look at the Daily Timeframe: We here see strong bullish Movement and a bullish Channel. It is at the Top of the Channel now and made the last movement almost without any Retracement. This is not a sign of a healthy trend. Why? To run a big distance, you probably make some stops. Otherwise you run a short distance quickly and get side stitch ;) That's why we're looking for a Retracement - and why we're trading against the trend. Now let's get a timeframe lower - to the H4-Timeframe: Here you can understand where the main Support and Resistance Levels are. It is often better to draw them at the higher timeframe than the Entry Timeframe, because they are more stronger. Now we go to the Entry Timeframe. We can see the market forming a Double Top Pattern. It is at Resistance plus at the Top of the Channel. We recommend to take a Trend Reversal Pattern (Engulfing, etc.) as your Entry Trigger. Thanks and successful Trading :)!
Short
by swissmoneymakers
USDCHF - U-Turn @ 5-years-Resistance? - Trend Change IdeaHi Traders! The market is in a strong Downtrend. To get the overview, here is the daily situation: We can see a descending Trendline. In addition we can see one Downmovement, than a Range and now we're in the second Downmovement. And look at the RSI(14)! It is oversold at Value 19.01. Now we switch to the H4-Timeframe. We can see a fast descending Parallel Channel. The blue drawn line shows a typical Trend Change Scenario. Of course it can differ from the real scenario, but it can help you to get some reference points. We recommend to trade the Breakout of Consolidation! Thanks and successful Trading :)! PS: At this moment it is too early to set a Trade. We have to observe the further course of the market. You can define the Trade when the consolidation begins.
Long
by swissmoneymakers