audusd analysisMarket sent. is short so may keep under bull pressure at 4h 50ema and structure to tap into liquidity. Alternate PA 4 sell structure may set up. 5th wave.
Multi-timeframe
BTCUSD - Thank you for this AMAZING trade!Ok, now I’m completely out of BTCUSD, I just sold my remaining position. In case you missed my last call on BTC, you can check it here, and follow me for more updates:
Last call:
The operation gave as a total profit of 17%. Not bad. I believe BTC might go even higher now, but I’m just trading accordingly to my technique. Just like Livermore said: "There is a time to go long. There is a time to go short. And there is a time to go fishing."
I set the stop gain at the hourly chart, if it loses the previous candle’s low, I would sell. Check it here:
Also, at the daily chart, BTC just reached that black line, which served as a support in the past (green rectangles) and is close to the U$ 9.2k. I’m out now, just waiting for the next move.
Congratulations for those who did catch this trade. Now let’s wait for the next one. Just be patient, like a sniper.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
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Bitcoin might test lower targetsBitcoin might test lower targets, because buyers consume all gas, and also price is at spot where price has to switched to sellers. After sellers will show how strong they are, we'll decide later if we're gonna stay in this trade.
This is multi-timeframe analysis. Short term sell is h1 and lowerest sell is between h1 and h4 based on our strategy.
On the other side, if sellers will not push price lower as expected on higher timeframe, then bullish sign might continue, if price will break through resistance, you can follow our previous analysis - expected channel touch.
At the moment we're looking for potential sell by following arrows.
Important is also H4 closing and M15 momentum flow
Elitefxacademy
GBPUSD 25 Mar '20in pattern Bear Flag
recommend intraday : buy sell on the red / green trend line..
recommend swing : sell
yellow is main trend line
USD/JPY WEEKEND CHART MORNING STARI get my early entry at H4 TF. Entry at 108.00. Might be holding this position for a long time.
{SWC} FBM KLCI/Malaysia 30, Closing Bell 14th Apr 2020Thank you for your continued support! :)
This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today.
The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78, leaving a long lower shadow on the candle. On the 15 minutes chart, we further project a series of intraday fibonacci key levels and found that the 38% at 1359.78 was putting up some resistance as the KLCI tried to move higher in the afternon. Will the 1350-1353 support hold next time?
Stay safe, everyone :)
{SWC} FBM KLCI/Malaysia 30, Closing Bell 10th Apr 2020Thank you for your continued support! :)
On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday!
The development of the following week would come as dramatic as the last. The KLCI would continue the extremely bearish breakout until it found willing buyers on the 17'Mar, dangerously sustaining above 1200. A technical rebound was expected, but the unexpected magnitude of the 6.85% u-turn would send the bears routing.
The continuation of that 83 points reversal would lead FBMKLCI to challenge the downward sloping short term moving average. For a while, KLCI would consolidate a new support on the 1317 region.
Taking a more granular look of KLCI's performance through the recent hourly chart, the main index has staged an offensive into the gap of that same Friday the 13th. Pulling their punches, investors didn't want to overextend their risk approaching the week's close, preferring to take profits. The concern is understandable as the new round of OPEC+ virtual meeting is beginning on the global stage, while awaiting news on the possibility of Movement Control Order (MCO) extension in the local scene. Adding into the mix, the HK and US markets are closed for Good Friday, brewing more uncertainty for price reference to the big boys.
Come Friday, the MCO extension was more or less expected, so the bulls aren't willing to give up much ground, having settled to camp around the price range of 1350 to 1353 - the previous high and 38% retracement. Cautious but optimistic, investors and traders await further news to develop through the weekend.
Stay safe, everyone :)
USD/CHFThis is an updated look at my chart from the analysis done on the 17th of March - Price action tested the highest Fib level before making a reversal and triggering of the pending order.
This was a long wait but patience in key.
*NotFinancialAdvice
MULTI FRAME ANALYSIS GBPAUDMULTIFRAME ANALYSIS 3 MINUTE, 5 MINUTE, 15 MINUTE AND 6 HOUR CHART SETUP.
DJI UpdateHere's my DJI analysis from a smaller time frame perspective.
This is another case of being patient to allow certain things to take place before execution. My bias is definitely short for the Dow Jones Index due to a number of factors, but I'll name a few.
Confluence (3 or more):
-Price breached a significant HTF OB
-Price broke through HTF Diagonal Support
-Fresh HTF OB patiently waiting above price
We shall see.
- BTC - How big banks play monopoly in 2 stepsHello,
Before we start talking about now let's go back to 2017 to demonstrate the simple business model of big banks.
In 2017 before the futures every big financial entity was bashing bitcoin really hard ( Example: www.theguardian.com)
The reason why is that because they are simply making the weak investors sell in order for them to buy more and then manipulate them back into buying in ATH and then do this cycle again ,They use fear and greed in order to that...That's not just for bitcoin but for every other market in the past 20-30 years.
What is happening now is the same with coronavirus . Let's look at simple data:
-SPX is down 16.62%
-UKX is down 21.46%
-DAX is down 21.32%
And basically every other indices , And all for what ? A virus with 3% death rate (www.worldometers.info) that the media made it look like the new plague ?
What i think this is ,Is the fear phase in which the week investors sell in order for big banks to buy .
Back to Bitcoin ,
The best regions to buy BTC from is 5800-6200$ (Very strong weekly support) and 7200-7400$ (Weekly fib + daily support)
SHORT NATGAS USD short selling because the candle breakout old support
double top break in M30 and H1
BUT you can wait for confirmation on D1 time frame Because the price is at the bottom of the channel and maybe go up
remind that you can wait for test and short sell again !
Last Update From UsdCad 1D/4H HI traders
Before taking a sell position , let's price break down and pullback specified level .
I hope it was useful .
EURAUD short You can see that the wave respected the weekly and monthly resistance, which alined with the rsi being in the overbought zone.
see link below!
Also the wave respected the 0.618 level which is a strong level to short.
Multi-Time Frame Analysis (LONG)We looking at a double bottom price pattern on the 30, H1 and H4 TFs Hence anticipating a bullish continuation .
How to Do A Multi Time Frame Analysis in a reactive way!Hi Traders, here is the full Educational Video - How to do a Multi Time Frame Analysis in a Reactive way! .
Conditions -
1.Make Sure Structure Broken and closed below.
2.Wait For Confirmation (Price Action)
3.Use Risk Management + Follow A Trading Plan!
4.Always Be reactive & Not Predictive !
A like and a comment will create more Free Analysis & Forex Education.
Your Support is Appreciated!
See You in the next Educational Video / Analysis
Global Fx Education
GBPUSD could make a push upwards to follow the trendAs seen on the chart, GBPUSD has hit support and I expect it to bounce back up.
RISK: Medium to High
Why: Because the candles at this point are still weak and it has hit the support before the trendline, which could indicate that it's not going to follow the trendline anymore, or it could go back down hit the trendline then bounce back up.
