Femaletrader
EURUSD reversalEURUSD has seen a huge bounce off the all time lows over the last few weeks. I'm taking a short position for now. Just closed my long last night. I am long-term bullish, selling for now until a retest of the most recent demand zone. The weekly chart reverse head & shoulders pattern I posted about a few weeks ago, is holding so far. Expect to be able to enter long positions off the RIGHT shoulder trendline.
NZDCAD setupThe monthly has been in an uptrend but it has been broken. Be watchful near the most recent low, as price may find support. However, if we can hold below the 0.84000 level, we will retest the all time low area of 0.61441.
If we hold above 0.84000, expect a retest of the high around the 0.99300 area.
EURCAD is NOT a reversal, yet...Alot of traders on here are calling EURCAD a short play. As of now, it's not. This chart shows what should have happened if it was ready to fall. We'll have to drop & hold below the 1.54855 area before calling this a short. For now, the Bulls are still in control.
The Weekly is in an uptrend & the Monthly bar is just in a pullback. If it closes above this area by April, there wont be much resistance until 1.69000. A new high could easily be made if we remain above this area. The monthly is in a Reverse Head & Shoulder's pattern, signaling Bullish momentum.
The weekly is also above my 369 EMA, meaning price has been bullish all year, recovering all of the previous year's selloff.
The daily is simply in consolidation, a prime area for retail traders to get shaken out of the market by institutions who are just taking short term profits, waiting to buy up retail positions.
Clean 4Hour analysis GBPAUDI was scalping lately, as volatility was available. Trends are looking more like they are ready to continue their original directions. I'm going to be entering for more long-term holds, as I'd like to go on vacation & relax soon. Perfect timing, as there's no need to day trade if the trends are there to just ride...
Going to go through the list of pairs I'm watching or already in. Decided to do cleaner analysis's, using the 4H & 1H charts.
Divergences are noted. Be on the lookout for Reversal signals, as we retest tops & bottoms.
My moving average is 369...because Tesla said so lol!...you know, harmonics or whatever. It's just there to guide me on short term pullbacks. I could really trade without it & the On Balance Volume. It's there for anyone needing confirmation. Using The Bollinger Band in my previous analysis was doing the same thing, as it guided me on the 1H at support areas to re-enter the trend continuation (Again, my settings are .382 & I enter when 5 bars close & price passes above the high of all 5. This is a strategy I learned from Seven Primo).
I'm also keeping track of Daily & Weekly Supply & Demand Zones, watching closely for double tops when we enter.
Red or Green indicates trend direction. If trend changes or I take profits, I'll update.
weekly eurusd RENT MONEY SET-UPThe pair is still in an uptrend. This was the 3rd touch on the bottom trendline. This is your rent money setup.
Buy your Lambo from this one trade...USDJPY!!Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should make a new low.
This is a weekly entry meaning It will more than likely take a year to complete. Add on pullbacks & invest every paycheck you get, you'll be driving a Lambo in not time ;)
STOP LOSS is above the most recent high. If price gets above, I'll reverse & trade to new highs.
Divergence Heaven!GBPAUD made a gap last week & failed it. Game over for this one.
We are in a divergence heaven at this point...make sure you get paid from this recession. It's not a recession. It's big investors taking profits like always. Myself & hundreds of other traders called a bear market last year. Let this year be the year you learn to read charts & become a pro!
2 Time frame DIVERGENCE analysis USDSEKNOW IS THE TIME TO BE TRADING! Alot of pairs will be making reversal plays, which will make great entries to hop on board & bring in profits for us over the next few weeks. I've marked key areas on the Daily for direction & on the 15 for entry.
Pretty much any SHORT entry over the next few days should see profit. The Daily chart is in an uptrend so price will eventually find a large area of support, allowing price to retest the top. It may even break the top, as price is at an all time high. A 50% pullback to the 8.00000 area is surely possible. However, if a new high is to be made, price will need to hold above the 8.88000 area. I'll be expecting the Daily trend (RED ASCENDING LINE) to be broken before a retest of the high. We saw a very bearish move from the high, signaling that the new all time high is a weak one.
I have Bollinger Bands set at .382. I use the 1HR or 15min chart for entries. When price closes 5 candles in a row above or below the bands, then passes the high of that move, I enter. Ideally, I like to enter long if the bollinger band is above the 300EMA OR short if the opposite is true. Price & the bollinger bands above the 300 & the 300 above the 600 signals power in that direction.
Exit is at the previous breakout area (from the opposite direction) or a higher timeframe resistance or support.
GBPZAR pullback :) I’ve been waiting to jump on this Long, as ZAR pairs have the biggest price movements. This means big profit potential. This 15min chart analyzes the current pullback about to take place. As long as we stay inside this BLUE triangle I have drawn, we’ll see GBPZAR fall back to test the original breakout. The area is marked as a high volume zone, as the volume bars show the most shares traded in quite some time.
This setup could take a day or to reach the area & signal confirmations to enter long...I’ll update this trade if it continues to move higher without a pullback. If it does, I’ll be cautious to enter, as huge Weekly resistance is just up ahead at the 21.93000 area. If you entered the trade now, you’ll most likely be good to be in profit by next week or so. Expect dips in profits until then.
Where the buying took place - BTCUSD & SPY TRUE Demand ZonesThis is the Line Break Chart analysis showing true supply, demand, trend momentum, & volume correlations. The chart 90% of traders will never see...
You can only see these charts as a TradingView Pro+ subscriber. Or an institutional bank trader.
The blue band is my bollinger band custom setting - .382 deviation. My strategy with it is when 5 bars close above or below, thats my set-up area. I enter at a close above those 6 bars. A close above signals strong momentum. The key is to be sure to enter in the direction of the largest time frame. I use the 1hr with the bollinger bands to enter. I use the daily Line Break Chart candles to determine trend direction, signaling which direction I should enter on the 1hr.
Volume is important to note because the trend began around the area of the largest volume spikes. The same people may not be buying at the same area but if we never see similar volume return into a market, we can assume the trend is dying, as everyone with big money who purchased at the beginning of the trend has sold off or is no longer interested in the asset.
GBPCHF short entry 1HPrice is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside.
Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which should produce huge momentum lower.
My moving averages are harmonic in nature...
There is confluence on the RSI with the Weekly chart.
The Monthly, however, is showing divergence. Perhaps after next month, we see a bullish move to retest previous Weekly highs.
EURAUD Fibonacci retracement 1Hour setupQuick scalp trade setting up on the 1 hour EURAUD chart. I'll enter at the 50% (GREEN) line, as price falls back to retest the area. I'll enter any bullish candle formation & watch the 15min chart for confirmation. I'll look to take profits on half my position at the 1st PURPLE line, as the pullback may not be over. If price cannot hold above the 1st PURPLE line, I'll await for a drop to the .618 Fibonacci level & reenter, expecting price to move back to the 50% & ultimately back to retest the high, where I'll look to take half profits on whatever is left of my position.
NZDCAD Divergence entry shortNZDCAD is currently retesting the level it broke out from. My indicators are signaling a divergence, which is a sign that the pair will continue its Bearish trend. I'll be using the 15min & 1Hr time frame to enter a SHORT position. This is a position that could be held for 3-5 weeks (3-5 weekly candles) before I even consider taking profits.
This is a simple set up for any beginner trader, with even $25-50 in your account. You could easily double your account with this one trade, if the entry is decent.
My divergence indicator is the On Balance Volume Indicator. Put simply it signals weakness in buying momentum.
How to trade BTCUSD like a pro1. If you are new to trading, learn how to trade support & resistance of triangles on the Daily & Hourly time frame. The time it will take BTC to retest the BUY zones I've marked, will be more than enough time for you to learn & practice how to be ready for the retest of the areas I've marked.
2. Realize that BTC has retested & held above the green triangular channel. The proper way to enter this trade is to wait for the bottom level of this channel to be retested once more, on a lower time frame. The current pattern on the Daily chart is a bullish candle stick pattern. If you are new to trading, also learn more about common candle stick patterns that occur over & over, giving professional traders signals to enter trades confidently.
3. If you've entered already, be cautious as price rises. Be prepared to take small profits if 4 Hour or 1 Hour charts show huge selling. BTC HAS BEEN & IS STILL IN AN UPTREND, however, any global event could shake the crypto market up, which could result in people mass dumping their BTC holdings.
AUDUSD Bounce off 2008 Monthly lowAUDUSD has just entered a level it hasn’t tested since 2008! A huge move to the upside will come as long as this level holds. This is a strong BUY set up. The 15min chart just showed signs of high volume & decending wedge Roth into the level.
Price may bounce off & go back into the level before it springs to new Daily highs. If you haven’t made any money all year, this is a free throw shot waiting for you!!
As far as stocks, don’t play into the Coronavirus being the cause. Professional traders know this is nonsense. I’ve been shouting short STOCKS since December. The charts tell the story. The news is always the scapegoat.
USDCAD Cup & handle formationI'd be expecting a pullback in USDCAD before a breakout. The cup & handle pattern is a bullish indicator. At this time, USDCAD is up against a heavy Daily resistance area. A short term SHORT play has set up, as the 1Hr chart has formed an ascending, which is a common reversal signal when up against larger time frame resistance.
PURPLE lines notate profit zones in either direction you chose to take. Playing both sides of this move is certainly possible.
CONCLUSION: Short term SHORT play, long term LONG...
2 possible BTCUSD futures to come...I dont care if its BTC or any other stock or currency, 2 things apply. Professional traders are watching the charts, armatures & part time traders are speculating off news & hype. Read what unfolds in the price action & do not get distracted. The truth is, no matter what's in the news, investor's true decisions will show up once positions are executed (whether long or short). I dont care if its crypto miners or banks. Decisions aren't real until they show up on the time & sales tape, aka the candles.
There's no reason to be touching BTCUSD util the uptrend is reclaimed.
1Hr EURUSD to go with my previous Daily analysisEURUSD is falling to retest the shoulder of the Reverse Head & shoulders pattern i analyzed on the daily chart. If price holds above this Right “Shoulder”, we could see the pair rise to new Monthly Chart highs. The monthly chart shows a head & shoulders, indicating Bearish momentum. However, if we break to the downside, we could see the EURUSD at all time lows over the next few years. The number that EURUSD should reclaim to continue Bullish momentum, would be the 1.20697 area.
I’m short term bullish, as price (on the Weekly) is pulling back from a very bearish drop (from the 1.20697 area. I’m long term bearish, awaiting a high enough retracement back to the current high. Once the current highs are retested, I’ll await a bearish signal to enter short on the daily. I wouldn’t expect to be taking profits for at least a year, as this bullish bounce (that created the Right “Shoulder” of the pattern) that’s happing right now, took out more than a years worth of selling (on the weekly).
Ultimately, this move could be a spike into more selling pressure to come, or it could mean there’s reversal is on the way & this current Weekly Reverse Head & Shoulders could see the EURUSD making new highs. The monthly chart is in an uptrend, seeing that the current low is higher than the previous. Those last 2 elements put together would be more powerful than a short set up.
So, if I do end up shorting, as price moves up, it may only be for quick profits. Any sign of bullish momentum on the weekly chart & I will reverse to long term Long.
EURUSD Daily Reverse Head & Shoulders chart pattern forming.
A hold above the Right Shoulder trend line will see price continue a reversal to retest the 1st horizontal resistance (PURPLE LINES). A hold above that neckline will see price try to retest the high.
AUDUSD WEEKLY HEAD & SHOULDERSWe are coming upon an area that may have a small bounce. Lower timeframe day trades on the LONG side are possible in this area, as price retests a previous low. A break & hold below this area will see price fall to retest the all time lows. Long term, I'm expecting every pullback to the upside to be potential SHORT entries.
