The higher time frames are showing bearish signs which gives me some comfort knowing price is reacting similar in the lower ones. Below we see three green boxes, around these areas you may choose to take profit. (Else follow indicator) Note: Indicator is just a visual - use proper risk management. Leave comments if any questions.
What I think this pair will do is drop down to test the EMA below - using the solid horizontal lines as support/resistance areas. If this breaks the current yellow EMA - I want to see a retest on it - giving us a double bottom in that area to see if this bullish run will continue. Blue(Over Level)/Red(Under Level) Background = Over Bought and Over Sold Areas *...
Here I have some Fibonacci levels that are being displayed by the white horizontal line . The purple trendline can be seen as Support if above and Resistance if below. The cyan dashed line represents where price is crossing in and out of - which can also be seen. Follow Long indicator - adjust SL if you're not wanting this one.
This is what I would like USDJPY to do, go down to our second profit level, head back up to our first , then complete out the rest with a push down to the WHITE support line. Price is staying above our trendline for now but overall I see bearish movement. Questions: Leave in comments. Live Trade: Follow indicator; on retest move SL to profits.
As we see price has been in a downtrending channel. Yellow lines are support/resistance. Purple trendlines are the same ^ The other lines are labeled. Follow long indication for entry/exit/profit-levels. Note: Since price has been bearish - we can just wait for a short setup at one of these points. (yellow lines)
Dotted Line, EMA and Trendline are used as SUPPORT/RESISTANCE and the RED/BLUE Background color are indications of trade opportunities. Follow long indicator if you agree with this trade idea - else if you're against it - reverse it. Leave a comment if any questions arise or just let this trade ride !
Visuals: LONG INDICATOR: Follow for entry TRENDLINE: Used on 1Month DOTTED: SUPPORT/RESISTANCE I know GBP made it's push down already - we see it's making slightly higher lows - but that doesn't mean bears are out.
Can we see a push up ? Let's see this idea. I am using the ' oversold ' region for this one. Note: If current candle closes as bearish engulfing - to me that would invalidate this idea.
PURPLE : Support and Resistance YELLOW : Potential profit levels Follow Short Indication for entry
Another thought I conjured up! I haven't traded this pair yet but I plan to. First we see trendlines and I specifically have these colored (key is below) so you can understand what I'm saying, next is the fib wedge(2) , and I have two because I see two ascending triangles, last is fib retracement levels. Price was bearish for quite some time, which the...
I am no expert, although I aim to be, and so with that information let me inform you of my markup. What we see from the start is BTC building up it's value from July 2017, only to come down later in February 2018. I used two trendlines (found near March 26 and April 9) , for the market correction, then BTC broke to the downside and there I created a...
Fibs as support and resistance along with trendlines. This was draw using a higher timescale - I see a head and shoulders forming. What we should see is consolidation at the 8.31 before a retest for support and breakthrough of resistance.
Funny name huh? I have been looking at this pair for a month now, not trading, just seeing it move up. I want it to drop - hence the name - but before it can do that it must pass the EMA test. On break of the RED ema - I'd go on smaller timeframes (4Hr) and see what price is doing. Next would be to get a setup going based off how you trade. More info? Comment below!
I am using this Gann Fan for the first time. I see it moving up to the rays or if it drops to the lower ray. To my knowledge, once it breaks a level, the theory is it will continue to the next. Let's find out - using the 15 min!
It should be self explanatory - if not - reply down below !
I am publishing this, to test what the EMA is showing us, since I am learning this Pine Script I want to make use of it. Just look at the chart and see what the indicator is showing you.
Basic markup with trendline, fibs and support/resistance levels. Dashed is where I see price being liquid, solid is fib levels, and trendlines for resistance. Price is shooting up the price to the fib levels shown. What do we know about the market? It makes 50% retracement. Price on the Daily showed a bearish engulfing, which means in the future there will be...
This is a new market for me. I want to try something on this markup - to just use basic support and resistance with Fibonacci levels. So what we have here is a possible Head and Shoulder formation reaching down the the first TP (green rays) and then I expect some retracement to the entry point. The lower portion, for a LONG trade, is what I expect the market to...