EURUSD - Up-Movement at different Layers - MTFA
*** Trade at your own risk! ***
*** Not every idea is also traded by us ***
Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.
Monthly TF:
- Strong monthly Trendline got broken
- Now price is retesting it
- If the Retest is successful, an Up-Movement is very likely
- We can see signs that the Retest is successful, because there are Wicks which shows Rejection
--> Up-Movement expected
Weekly TF:
- Additionally to the Monthly TF, the mostly respected 61,8% Fibonacci Level increases the strength
of this Support
Daily TF:
- Break of daily descending Trendline
- Now price retests the descending TL
- Price gets support at the ascending TL
- Downtrends with its LHs and LLs ends --> Now we have HHs and HLs
--> Trend Change
H4-TF:
- A successful Retest could be performed via the Inverted Head and Shoulders Pattern
- If the market breaks the upper Resistance Area, an Up-Movement is very likely
H1 TF:
- MACD Oscillator showing bullish Divergence
If you have any questions, another POV or anything else to share, feel free to do so!
Thanks and successful Trading :-)!
*** Not every idea is also traded by us ***
Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.
Monthly TF:
- Strong monthly Trendline got broken
- Now price is retesting it
- If the Retest is successful, an Up-Movement is very likely
- We can see signs that the Retest is successful, because there are Wicks which shows Rejection
--> Up-Movement expected
Weekly TF:
- Additionally to the Monthly TF, the mostly respected 61,8% Fibonacci Level increases the strength
of this Support
Daily TF:
- Break of daily descending Trendline
- Now price retests the descending TL
- Price gets support at the ascending TL
- Downtrends with its LHs and LLs ends --> Now we have HHs and HLs
--> Trend Change
H4-TF:
- A successful Retest could be performed via the Inverted Head and Shoulders Pattern
- If the market breaks the upper Resistance Area, an Up-Movement is very likely
H1 TF:
- MACD Oscillator showing bullish Divergence
If you have any questions, another POV or anything else to share, feel free to do so!
Thanks and successful Trading :-)!
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.