Multiple Timeframe Analysis for the Pair GBPNZD
1. Pair =GBPNZD
Major Support
2. Support Level =1.9580
Major Resistance
3. Resistance Level =2.0230
4. Extended Resistance level = 2.0850
Monthly Chart
Monthly Chart has been looked for overall direction.
Weekly Chart
Drawing Support and Resistance by slightly tilt the chart. We can clearly see the Resistance became support and it is retracing to the support level.
Circled are support and Resistance bounced. This chart is Zoomed of the previous and looking close to understand the movement.
previous Weekly chart - but removed cirlce and drawn line just to understand the market movement as well as to understand the trend.
zoomed out again to undertand more detail. it is same Weekly Chart.
Daily Chart
from the above chart we can clearly see that the range has been break out and forming higher high and higher low
Trendline has been drawn. once the Trendline is breakout than it will be assume that -the market is in Buy Zone. as long as the price is below the trend line the market is in sell Zone. but overall market is bullish so we have to find the opportunity to buy the market in order to ride the bull market.
Let zoomed it
as we can see that . it is trying to break out the trendline but not being able to. once it breakout by daily bar then we could find the opportunity for buying from the lower time frame. in this case i have been using 1 hour chart . let see the further process.
Hour Chart
and future movement
Green dotted line are future prediction.
once the trend line break out, multiple way can be used to enter the market for example breakout peaks and couter trend breakout (after each retracement) and many more.
Risk Reward:-
Must use stop loss to prevent excessive loss
Define Reward or pyramiding your position
Conclusion:- In Bullish Market, looking opportunity for buying and must be in the buy zone.
Trading and Investment- Technical Analysis
Friday, 26 October 2018
Monday, 13 August 2018
How to make money using mutltiple timeframes anlysis for pair GBPAUD
Pair = GBPAUD
Market = Bearish Market
Opportunity = Selling Opportunity
Support
level = 1.8350
Level = 1.7590
Resistance
Level = 1.7100
Weekly Timeframe: overall direction is Bearish
we can see the significant supports and resistances including the bearish movement.
Daily Timeframes = To make a decision (Sell or Wait)
Market Start Moving down forming Lower high and Lower low including moving average crossed over.
Detail picture of the Daily Timeframe. Support became resistance that is level 1.7590
Once Fibonacci Retracement has been drawn,
we can clearly see that 50% fobo Retracement has made.
Time Frame = 1 hour Timeframe ( to execute the order)
In 1 hour timeframe , Retracemnt is underway respecting the Trendline towards resistance level 1.7590
once the trendline breakout we could make execute the order.
Note:- This Multiple Timeframe anslysis is only for eductional purpose.
Market = Bearish Market
Opportunity = Selling Opportunity
Support
level = 1.8350
Level = 1.7590
Resistance
Level = 1.7100
Weekly Timeframe: overall direction is Bearish
we can see the significant supports and resistances including the bearish movement.
Daily Timeframes = To make a decision (Sell or Wait)
Market Start Moving down forming Lower high and Lower low including moving average crossed over.
Detail picture of the Daily Timeframe. Support became resistance that is level 1.7590
Once Fibonacci Retracement has been drawn,
we can clearly see that 50% fobo Retracement has made.
Time Frame = 1 hour Timeframe ( to execute the order)
In 1 hour timeframe , Retracemnt is underway respecting the Trendline towards resistance level 1.7590
once the trendline breakout we could make execute the order.
Note:- This Multiple Timeframe anslysis is only for eductional purpose.
Tuesday, 31 July 2018
Monday, 30 July 2018
Monday, 23 July 2018
Multiple Timeframe Analysis for the Pair GBPJPY
Pair -GBPJPY
Support Level
Major Support level = 139.70
Minor Support level = 145.40
Resistance Levels
Major Resistance Level= 156.80
another strong resistance level = 147.40
Timeframes Use= Weekly, Daily and Hourly
Weekly Timeframe has been used to spots the Support and Resistance.
Daily Time that has been used to get possibities of movement -Up or Down but strong Conviction is
UP
Daily Time Frame Use to Understand the Sell Zone that is below the trendline and buy Zone that is above the Trendline. Trendline is break out and form Higher high and higher low (possiblities) even Fibonacci Retracement has reached or retrace at level 61.8 (following Picture)
Daily Timeframe made me a decision to look for a buying opportunity. It has been Retracing and retrace level at 61.8
I have spotted - it has retraced and break out the trendline.
Conclusion:-
execute - long position
stop loss - 10 pips below the turning point i.e 145.56
Profit Target is 147.50 or fellow the trend and move stop loss until stop out.
Risk Disclaimer
Trading any financial assets can be a challenging and potentially profitable opportunity for investors and Traders. However, before deciding to participate in the Financial Market, you should carefully consider your investment objectives, level of experience, and risk appetite.
Support Level
Major Support level = 139.70
Minor Support level = 145.40
Resistance Levels
Major Resistance Level= 156.80
another strong resistance level = 147.40
Timeframes Use= Weekly, Daily and Hourly
Weekly Timeframe has been used to spots the Support and Resistance.
Daily Time that has been used to get possibities of movement -Up or Down but strong Conviction is
UP
Daily Time Frame Use to Understand the Sell Zone that is below the trendline and buy Zone that is above the Trendline. Trendline is break out and form Higher high and higher low (possiblities) even Fibonacci Retracement has reached or retrace at level 61.8 (following Picture)
Daily Timeframe made me a decision to look for a buying opportunity. It has been Retracing and retrace level at 61.8
I have spotted - it has retraced and break out the trendline.
Conclusion:-
execute - long position
stop loss - 10 pips below the turning point i.e 145.56
Profit Target is 147.50 or fellow the trend and move stop loss until stop out.
Risk Disclaimer
Trading any financial assets can be a challenging and potentially profitable opportunity for investors and Traders. However, before deciding to participate in the Financial Market, you should carefully consider your investment objectives, level of experience, and risk appetite.
Labels:
Chart,
Forex,
Money,
Multiple Time Frame,
Positon size,
Resistance,
Support,
Trading,
Trend
Wednesday, 18 July 2018
Technical Analysis for the Pair EURJPY - Multiple Timeframe Anlysis
Pair - EURJPU
Trend - Uptrend
Support levels
Major Support level = 126.90
Minor Support level = 130.30
Resistance Level
Major Resistance Level = 136.10
Charts
Monthly - To know the Direction/ to know the support levels and Resistance levels
Daily - To find the trend and make decision - Buy or Wait
Hourly - To Execute the positon / Entry point, Exit point
First Two Charts are montly
then Two Charts are daily
final Chart is 1 hour Char
Conclusion:
once the Trendline break out and there is bullish momentum then we can take long postion at level 130
Update:
Finally EURJPY has completed the Retracment and break out the Trendline.
Daily Time frame shows that retrace level is 76.4
Same Picture of Daily Time frame. but we ccan see that trend line is break out and moving up to acheive the edge
Conclusion:
Make sure about the proper Stop loss and profit taking methods have been applied.
Trend - Uptrend
Support levels
Major Support level = 126.90
Minor Support level = 130.30
Resistance Level
Major Resistance Level = 136.10
Charts
Monthly - To know the Direction/ to know the support levels and Resistance levels
Daily - To find the trend and make decision - Buy or Wait
Hourly - To Execute the positon / Entry point, Exit point
then Two Charts are daily
final Chart is 1 hour Char
Conclusion:
once the Trendline break out and there is bullish momentum then we can take long postion at level 130
Update:
Finally EURJPY has completed the Retracment and break out the Trendline.
Daily Time frame shows that retrace level is 76.4
Same Picture of Daily Time frame. but we ccan see that trend line is break out and moving up to acheive the edge
Conclusion:
Make sure about the proper Stop loss and profit taking methods have been applied.
Labels:
EURJPY,
Forex,
Multiple Time Frame,
Resistance,
Support,
Trading,
Trend
Monday, 16 July 2018
Technical Analysis for the Pair NZDJPY - By Using Multiple Timeframes
First of all, we need to find out Support and Resistance. Regarding the Pair NZDJPY i have been using weekly and Montly chart to find out the support, Resistance and Trend. In this particular charts i have found that level 75.75 as a support and Resistance levels are 79.80 and 83.20.
if we look at Daily Timeframe Down Trend is exist
Possibilites
1. If it does break out and form Higher High and Higher low in Daily Timeframe then it takes rally to the level 79.80 further leve 83.20
2. If downtrend continues and Retest Level 75.75 then it will go down to level 68.90
Conclusion
As weekly chart shows that the level 75.75 is Significant Support which might be hard to break. At that level it has been many times bounce backed. It is possible level to turn to up.
if we look at Daily Timeframe Down Trend is exist
Possibilites
1. If it does break out and form Higher High and Higher low in Daily Timeframe then it takes rally to the level 79.80 further leve 83.20
2. If downtrend continues and Retest Level 75.75 then it will go down to level 68.90
Conclusion
As weekly chart shows that the level 75.75 is Significant Support which might be hard to break. At that level it has been many times bounce backed. It is possible level to turn to up.
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