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NZDCHF H4 TF, Next trading opportunity.Hello Traders, today I'm looking at the NZDCHF trading pair for possible shorting opportunities and here's why : -We've seen the market react off a current supply zone and usually, for the demand and supply traders, a trading opportunity would have been right at that reaction/rejection. -Although we missed the first entry, we see that the market formed a double top at the supply zone and the possibility of a pullback to say 50% fib level exist. - If we get the pullback, then we would short to the next structure support level, keeping our RR at a minimum of 3. Stay Reactive nonetheless.
Short
by Tradeforpipsfx
bitcoin. $25,000 or $12,000, which is earlier BTCUSDTHi all. Let's start the analysis with higher TFs. This will allow us to form a medium-term view of the BTC price movement 1M TF After the price filled more than 50% of the imbalance in the monthly TF, the price got a reaction. It is 12 days to the close of the monthly candle, but if the monthly candle closes exactly as it is now in the screenshot, then the monthly OB, which was formed in the POI, will be formed. 2W TF On the two-week TF, an order block has formed, which pulls liquidity away from the June low. An important support zone has been formed, from which the upward rally could continue. 1W TF On the weekly TF you can see the structure. The main structure is marked in blue and the sub-structure is marked in yellow. Plus, the marked orderblock on the weekly TF has been updated, which means it is losing its relevance. Considering that there is already a bullish orderblock on the 2W TF, it is possible to remove all of the substructure hives of the weekly chart. In addition, all of the previous orders on the weekly TF have already been tested, which means that their validity is questionable; they can both work out and be stitched (it is better not to pay much attention to them). Assuming that we have a range. And there was a deviation from the bottom, then it is logical to expect a deviation at the upper boundary of the rand. Especially if we consider the reaction from the monthly FWG, the formation of the orderblock on the 2W TF, and the fact that previous orderblocks have already been tested. Bottom line, the bias is more bullish. To work out this scenario, we need a continuation of the bullish orderflow of the 1D TF. 1D TF On the daily timeframe we observe a bullish OF. This growth was impulsive, during this rally, the price did not mitigate and after updating the old high, we should see a good correction. Personally for me long positions will be relevant in the area of the daily imbalance and mitigating block. If the price holds above 16,260 (there may be sweeps), the continuation of the bullish rally is quite realistic. If a long set-up is formed in this area on the daily or at least 4H TF, the scenario with the deviation at the upper border of the channel on the weekly TF is relevant. Targets The targets in this case would be HH 1D, the highs of the weekly TF substructure, the order block of the weekly TF (since it is a structural element of the weekly TF) and the filling of the monthly imbalance. There is no need to use this information "foolishly." Watch the price formation and watch your money management
by Patronofbargain
1
S&P New year Bullish ideaMonthly likely to seek Buy side liquidity first before anything bearish unfolding. The RRR shown defines the monthly buy entry level. I can be early but I do not care because we are just entering the new year. I would like to see LTF Daily start showing bullishness and then use the daily Order Blocks as buying opportunities. That would be the best scenario I am anticipating. If I see price unfolding that way, should price go below a Daily OB because of High Impact News or consolidations happening, I will treat that as short term run on sell stops to discourage early buyers. This is only Paper trading. Going into this new year 2023, I am looking forward to taking more swing trades as I believe 2022 I was able to work on my patience and discipline.
SP:SPXLong
by joruesteve007
3
Higher resolutionHigher resolutions aka lower timeframes have several uses: HIgh res levels 1) For more precise entries past the positioned levels. You have a level on your current resolution, a level you want to use, let's call it "X". You turn in higher resolutions, and scale in around the levels there, past the X; 2) For precise entries during positioning. You have a level that you expect to be positioned 'that way', let's call it "Y". You turn in higher resolutions, and scale in around the levels there, past the Y. An example on the chart is exactly about that. Suppose we expected a 1M level (red line) to be positioned as support. We've opened 1W chart and scaled in at 1W levels below the level; 3) Overridden levels. Forgot to mention, just as overridden waves, overridden levels do exist. It really concerns an imaginary level called value aka fair price. Usually, when you have an overridden wave -> value level in the middle of this wave, the real levels around value exist only deep in higher resolutions, and are already cleared, long time ago. So, they kinda "reactivate" again inside an overridden wave, near the value; 4) For scaling out. When offloading risk, you don't want to do it at the levels that You, yourself, expect to be cleared xD. And that includes the levels from the high ress. HIgh res waves 1) To fine tune the location of back levels. Positioning of a level on a given resolution is a so called pattern seen on higher resolutions. I can't say much about the predictive power of dem patterns, but can say for sure that fine tuning the back levels by finding boundaries of these patterns is a good idea; 2) Simply monitoring the action on higher resolutions gives information about what's happening around your levels of interest. Everything explained in "Current resolution" can be applied there. You may come up with more uses. The main part is to understand what higher resolutions are: less data in greater detail. Now how would you leverage this info?
CME_MINI:ES1!Education
by gorx1
Lower resolutionMore data on lower resolutions, smth that others call higher timeframes. Low res waves While being on a given resolution, the lower resolutions are mostly used to understand the trends within the overall fractal. In general, you want to trade along with the strong low res wave, and don't trade against an exhausted low res wave. While being on given resolution, you're interested in all the lower resolutions, not only in the first adjacent one. So if you operate on 1H charts, you also need to consider 6H, 1D, 1W etc, not only 6H. For example, imagine being in a strong up trend on 1W chart. It won't go 4 ever. There's no exhaustion in 1M wave. But here we go, and exhaustion on 1Q chart. And "suddenly", the levels on 1W chart start to position as resistances! Before that, the overall trend on 1Q surely showed some weaknesses, but there was no evident evidence. This kind of info could've been only gained from more data. Low res levels Now that's really interesting. As I mentioned somewhere before, while being on any resolution, ALL the levels from ALL the lower resolutions should be monitored. That's why people say that it's harder to trade on lower timeframes (higher resolutions), simply because they don't know that simple fact I just mentioned. They see a reversal "in the air", but, as you already know, there's always a level. So, a level from 1Y chart does matter on 1 minute chart. Yes, it does. How? The action around low res levels are somewhat common with the action around option strikes. In a sense, it's a microstructural phenomena as well. Without further analysis, what you know 4 sure is that low res levels might produce reactions, even if a level is from 1Y chart and you are on 1 sec chart. In general, they allow rapid price moves to come through, and produce reactions when prices approach these levels in normal way. Why? As you know, it becomes cheap/expensive PAST the level, never before. Now imagine price comes to a level in a usual manner, or even slower. Chances for a deep dive past the levels are low. What you do? You scale in closer to the level. And now imagine price flying fast. It'll make sense to scale in deeper with a bigger size, to get better prices, to reduce risks. Why not if the market activity allows it? It's a 1H chart on the screen there, and the yellow level is a support from 1W chart. Take a look how the 1H action unfolds around that level.
CME_MINI:ES1!Education
by gorx1