AUDUSD Possible Bullish ContinuationPotential to trade the bullish AUDUSD major pair should price break the indecision doji candle positioned on the 50% Fibonacci area of value following a recent period of retracement. Possible 1:3 risk to reward ratio should price reach the 100% Fibonacci extension level.
Noindicators
GBP/JPY shorts? GJ has been in a strong Bullish run today on the HTF, Daily and 4H, without any major Correction.
So, we are looking to capture the CORRECTION of this Impulsive Bullish move first.
Moreover, we might look to re-enter again as a Pullback Bullish setup tomorrow.
But at the moment, Shorts are what we are looking for once a clean Range has been formed.
EUR AUD Trading idea EUR with recent strong moves from EUR showing strength I expect price to bounce back from the most this bearish move seen today (1/6/2020). Price is expected to go up to the open of close of the most recent bullish daily candle to balance out the imbalance of price action, then head to the downside following the overall bearish trend.
entry, take profit and SL point are on the chart attached. Risk management as alway.
If you want know how I came to this trading idea , get in touch.
EURUSD BUY IDEA - SMART MONEY CONCEPTSLooking for a long on EURUSD
Confirmations:
First of all, when I'm trading USD pairs I'm ALWAYS looking at DXY (Dollar Index). The DXY shows the strength of the dollar and most USD have a really good direct correlation if it is USD/XXX and an inversed correlation if it is xxx/USD.
DXY right now broke 1h structure to the downside so I'm expecting Dollar bearish at least for this week.
EUR/USD at the same time that DXY broke structure to the downside broke structure but to the upside. Creating a higher high.
Right now I'm waiting for a pullback to enter for a buy.
My entry is sitting inside Fibonacci 71%-88.6% and also an imbalance.
In addition to that, the last down candle that started the strong move up cleared some liquidity and closed an imbalance before the move.
I hope y'all liked my analysis! Let your opinion on the Comments! Let's talk!
Trade wisely, use proper risk and always have a stop loss!
Much Love!
Trend continuation after pullback - Psychology & Price actionHello !
Key points :
Support on previous gaps (highlighted on the chart)
50% Fibonacci retracement, after starting a new trend, stocks tend to pullback halfway after resuming
Fading volume signals the end of the current trend
Indecision candlestick ("Doji") signals that indecision rises
What's the plan ?
From a "daytrader" perspective (that I'm not, but I have some basic knowledge), I saw that morning panic which led to a reverse and a spike to 8.10 (5 min chart). A pullback was obvious, so I placed my buy limit at 7.95 and got filled. Now I'll let the trade unfold and will add the other half on my position once the trade advances in the desired direction. The initial target is the first encountered resistance.
***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.***
Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
Gold Long PositionWe have forecasted a continuous bullish move for Gold last week. This is due to the formation of another bull flag and descending triangle.
Now, we expect that Gold might continue for the 3rd touch of the ascending channel at 1701 level before we see a bearish move. However, if price breaks
the 1701 level, forecast would be invalidated.
Bottom trade using Tech. analysis without IndicatorsHello,
This analysis is only based on price action and psychology in the stock market.
Key points :
Range of the candles diminishes and volume tapers off as bears drive the price down
Volume rises on indecision, bears are not in control anymore
Previous support acts now as a resistance area (around 2.75)
The initial target is around 2.75
PS : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.
Thanks for reading and if you have suggestions or wanna discuss about the idea, just leave a comment.
Going Short on the EURGBPHello guy this is my first analysis here on TradingView. Looking at the EURGBP Daily Chart, We can see that the equal highs have been taken out a price looks for buyside liquidity while plotting a move down. Price will most likely retrace down to the last order block before the move up. Recommend going short till price reaches the order block where we will take profits
BTCUSD WEEKLY: BULLS PUSHINGHello guyzz and gerlzz!
So #BTC has proved very strong and majority of alts are trying to keep up the pace but still lagging.
In so far every next resistance has been met via consolidation rather a pullback which signals about the strength of buyers.
Weekly bar closed respectful of resistance 9559 which leaves a greater degree of uncertainty than most of crypto community would like to see.
I want to remind you all that we are still under major resistance and move down is a possibility until proven otherwise.
Closing daily bars above 9559 level will be a great sign fo bulls!
In case of a pullback I will be looking for the next levels:
9145 has proven strong, providing dynamic price reaction when touching the level
8910 remains a major naked (untouched) bullish level
8200-8060 is quite naked as well but I wouldn't like to see it any time soon for a progressive move up story
Successful breakout through 9559 would to me open up a new trading range to 11595
Good luck to you all!
Please please please!!! DO NOT forget to comment and like my analysis, agree or disagree, regard to disregard! Action is better than no action! Appreciate it!
4hr long term BTC levels, channelLonger term view of BTC. BTC remaining above the green lines indicate that price will continue to rise. A failure of the Red line will mean traders are selling shares. If price can’t get above & hold above Red line, we will see BTC fall below $7k. This whole process will take ate least a week to play out. Buy the lows, sell the highs...don’t be greedy.
BTCUSD POTENTIAL BUYS +200-800 PIPS WASSUP TRADERS, #FOREXFARGO CHECKING BACK IN!
NOT THE BEST WITH THE BITCOIN ANALYSIS BUT HERE WE GO...
BITCOIN ANALYSIS.
Confluences:
-Reject/Bounce off Daily Descending TL
-Bounce off May Support Level
-4HR potential Doji
-2hr potential Spinning Bottom
-1hr shows multiple rejections at 7175ish
BUY STOP @ 7200.00
SL @ 7165 (-35 PIPS)
TP1 @ 7385
TP2 @ 7555
TP3 @ 7800
TP4 @ 8200
TP5 @ 8555
Keep it simple on DAX (GER30)Simple strategy:
If the top resistance marked with blue is broken out with a trigger candle, then buy and hold until it reaches the green line. This profit zone is a weekly peak.
If the bottom support marked with blue is broken down with trigger candle, then sell and hold until it reaches the green zone.
Don't measure these lines point by point. The reliable signals are trigger candles called marubozu candle.
Lower timeframe is useful for finding the signals sooner.