Retracement
Stochastic Retracement Lines
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Hello....
after I tested this new indicator a lot .. and i found it very useful to find the best key lines on the chart I decided to share it here....
the indicator is depending on stochastic momentum to collect the strongest lines on the chart and draw the lines depending on it ....
and I found this stochastic retracement on this level:
0.9
0.5
0.2
0
-0.2
-0.5
-0.9
and this levels can lead us to get that confirmation to open our new positions....
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and it works with all time frame ....
BNB will retrace back soonHello traders!
From 16 Feb Market is extremely bearish and the overall scenario is still bearish but I am expecting some retracement now. This dip will be the final dip after that I am expecting some rise.
After the breakout of 390 figure, I am expecting a 7% rise in BNB. This retracement will end at 420. Most probably we will see another dump after the retracement. But after the retracement, it's important to take action according to the reaction at 420.
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GOLD: Buying A Pullback | 18-2-2022GOLD: Buying A Pullback
Price Action: There is no price action signal to note at this time.
Price exploded higher from the recent Inside Bar Pattern that had formed, earlier this week (We did not consider trading this pattern as it had formed just under the $1877 prior key resistance level. Also, given the large range of bars in this pattern, it would have been hard to manage risk-reward).
Price broke and closed above the $1877 prior key resistance area, overnight.
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower and after a clear price action buy signal, within the $1853 – $1877 short-term support area.
Potential Trade Idea 2: We are still considering buying on a retracement lower and after a clear price action buy signal, at or just above the $1805 – $1831 short-term support area.
Inbound Long Opportunity set alerts DOT/USDT DOT had completed its Retracement down to the .886 Fib and had a 45 % move upwards since hitting that level .
Right now though we have been pulling back inline with BTCs downtrend .
Below the current PA we have a Monthly level inline with the .886 so its possible that we revist for a back test and
depending on BTCs volatility this could be a great Long opportunity .
Have a trading plan and know your invalidation .
I will set alerts and I will be watching to see how BTC behaves before filling any longs with Alts but this
one is well worth adding alerts for.
Thanks for viewing now like and share My Gratitude to you .
BTCUSDT: Ready for a shockwave Hello traders!
I was under pressure from buyers and I kept listening that BTC will jump and they don't want me to say BTC will fall. But the final analysis is here, I never take decisions according to my perception but I take decisions according to my methods which are derived from the Natural behavior of the graph.
My three-step formation method is completed and it's clear that the market will not break the previous 45850 high and it will go back to 34500. BTC is also forming a reversal pattern above the S/R level and it will push the price downside. This will not be a sudden dump. It will keep forming correction patterns and will break its downside.
Normally the third step never forms very far from the second formation but this time we can see BTC was pumped and it is now exhausted.
I am expecting BTC to touch 34450 price and there is also an untested broken S/R level that should be tested before any mega pump. The drop is about 21-22% depreciation from the current price.
I will update the chart on Saturday I will also keep rechecking my analysis multiple times before the update.
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Expecting Minor retracement in BTCHello traders!
Looks like BTC has completed 3 step formation and now I am Expecting minor retracement.
Overall BTC is strongly bullish and this will be just a minor retracement. After this retracement, we will look for the next move.
The Support is at 42300 and I am expecting the price to hit that level.
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S&P 500: Buying A Pullback from Key Support |15-2-2022S&P 500: Buying A Pullback from Key Support
Price Action: Price formed a Bullish Tailed Bar Signal, overnight (We are not considering trading this signal as it didn’t form at any confluent level and we prefer to buy on a deeper pullback to the key support areas).
Price finally sold off from the prior Bearish Pin Bar Signal that had formed just under the 4581 – 4600 key resistance area, over a week ago.
The recent Bullish Tailed Bar + Multiple Inside Bar Pattern (Combo Setup), failed (We did not consider trading this signal and hopefully saved some members on this market).
Potential Trade Idea 1: We are now staying on the sidelines until further price action develops.
Potential Trade Idea 2: For more advanced traders there could be a buying opportunity at or just above the 4245 – 4270 key support area (Prior Event Area).
EURGBP - May suffer further loss due to Inflation !Hello Traders
Here is a new BUY Scenario, due to inflation, inflation, inflation
i suggest you to not enter into trade until 0.82800 - 0.82500
I expect a retracement until 0.83400 before further possible loss
✅ EURGBP BUY between @0.82800 - 0.82600
TP1 @0.83000
TP2 @0.83200
TP3 @0.83400
SL @0.82300
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reliance on the information contained within this channel including
Will OIL price drop today? 14.02.2022During the morning hours it reached to new highs.
OIL price is good for technical analysis because the information regarding inventories is available publicly at 17:00-17:30. Until then US dollar is affected and the OIL price experiences volatility.
The fibo retracement tool shows us the level that TP should be placed. However, if the retracement happens eventually one should be more conservative and close the positions earlier.
EURUSD: Bearish Fakey Setup | 13-2-2022 EURUSD: Bearish Fakey Setup
Price Action: Price sold off from the recent Bearish Fakey Setup that had formed just under the 1.1482 – 1.1523 key resistance area, late last week (We suggested selling from this setup in the February 11th Newsletter).
The recent Potential Bullish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some members on this market. We preferred to wait for a sell signal last week).
Potential Trade Idea: We are now considering selling if price pulls back to the recent Bearish Fakey Setup breakdown area, whilst price remains under the 1.1482 – 1.1523 key resistance area.
DOTUSDT Buy TradeHello Traders!
First, we made a successful sell trade-in DOTusdt with 1:5 Risk reward. This time we will trade with better risk reward.
Dotusdt Buy Entry@ 18.48
Target @ 21.5(+16.5%)
Stoploss @ 18.1(-2%).
Suggested leverage is 10x
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AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22
Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 0.7171 short-term resistance level, overnight.
Price formed an Inside Bar Breakout Pattern, earlier this week (We did not consider trading this pattern as it is an incredibly wide pattern which makes it hard to manage Risk-Reward and the market is very choppy at the moment).
Potential Trade Idea 1: We are considering selling on a retracement higher to within the 50% range of the current Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.
Potential Trade Idea 2: For more aggressive traders, we are considering selling from the current Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.
MULTIPLE TIMEFRAME ANALYSISHaving Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion.
I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question.
TOP DOWN ANALYSIS APPROACH
This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME.
I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus.
I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover
MONTHLY CHART
Monthly TimeFrame Blue 12EMA
A Support that act like a trendline
WEEKLY CHART
Same like Monthly 12EMA
But here Orange 36EMA on Weekly:A
Retracement level to consider adding new
Position in the Direction of the HTF
We saw a slowing week on the last red
That leads to the last week bounce
DAILY CHART
36EMA rejection Bounce on DAILY
Cautious area to take profit
Look for Rejection
Look to BUY Cheaper on OTF
8 HOURLY CHART
36EMA on 8HR with a Candlestick or
PRICE ACTION to look for the Discounted
LONGS and 2 good Confluences
Candlesticks HAMMER Price Action +
36EMA bounce
In Between the 200EMA
633EMA is a VOLATILITY GAP
This is where I observably expect
price to bounce Couple times in
betweenbefore we can make a directional
headway.
A VOLATILE REGION You can identify
in any market as price proceeds. So this gives you
a readiness awareness of what to expect and
for how long. 8HOURS represent a whole trading
SESSION
6HOUR CHART
Higher High 200EMA Selloff
on 6hr Corresponds the36EMA
on DAILY
BULLISH ENGULFING on 6hr 36EMA
after a potential longer term 8hr
(All Asian Session) Price Bounce
And maintaining of Higher Low
Price Structure
4HOUR CHART
Short Term Break of Structure (BOS) on 4hr
Chart is a good caution to let us know that
price won't just rise so easily higher
2 HOUR CHART
For Price to Change Direction
We have seen 1st 2hrs of hitting
200EMA rejection
Another 2hours of Price Slowing
without making a new low follow by 2hrs
of another Price Slowing after a Preceding
Downward Selloff Spiral
A clear indication of good 6hrs of consolidation
That eventually break out higher.Now we have
a good reason to look for BUY OPPS on
Smaller TF
The lower timeframe analysis will follow on hourly to minute charts.
GBPUSD Volatility, Fibo will work? 11.02.2022The market was a bit crazy yesterday regarding 10 Feb.
After the Consumer Price Index News for the United States, all the US dollar pairs experienced a volatile move.
It was an up and down move and not an one-direction move. Those are the trickiest ones.
The market should calm down today since is Friday and since the previous shock for GBPUSD did not end yet, as indicated by the Fibo levels we expect a bit of a rise.