Get started

1hour

XRP - USDT on 1H interval shortHello everyone, let's take a look at the 1H XRP to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.3171 T2 - $ 0.3199 T3 - $ 0.3220 T4 - $ 0.3243 and T5 - $ 0.3275 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.3142 SL2 - $ 0.3097 and SL3 - $ 0.3052 Looking at the CHOP indicator, we can see that in the 1H range, energy has been used, and the MACD indicator shows that the blue line is approaching the intersection of the red one from below, which would confirm a local uptrend.
Short
by cryptodailyuk
XRP collects energy in the 1H intervalHello everyone, let's take a look at the 1H XRP to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.71, if the support breaks down, the next ones are $ 0.67 and $ 0.64. Now let's move from the resistance line as you can see the first resistance is $ 0.75, if you can break it the next resistance will be $ 0.76 and $ 0.78. Looking at the CHOP indicator, we can see that in the 1H interval we begin to gain energy for a new move.
by cryptodailyuk
1
GOLD Symmetrical Triangle At Play?Hi Traders, Hope you are all doing well. As we know, last week was a very intense week for the world and we still have crazy volatility this week. I choose not to trade during times like this, although market volatility is what we need as traders to make money. However, I would rather be more certain on a position when I see a setup, rather than be unsure because of geopolitical events. Having said this, let’s have a quick squiz at GOLD. We were waiting for that daily resistance to be flipped at support. Sure enough, it happened. Fundamentals dropped the price down to flip that daily resistance as support. I saw no reason to go long once we retested that support on the daily; it’s just a giant wick. On the 1-Hour, we have a symmetrical triangle forming and I see a possible break to the upside on the near horizon. If this pattern breaks to the upside, I will then begin to start looking for possible long positions again. The MACD is showing us bulls are returning and sellers are weakening. However, this is not enough confluence for me to jump in. World events can move prices around like a hurricane and I would rather wait to see a little more stability before I start to get involved. But, we can always learn and continue to learn we shall! Keep safe and I will see you all on the next one. Vortex
OANDA:XAUUSDLong
by TheVortexTrader
GPUSD ShortOANDA:GBPUSD GBPUSD broke trend line structure based on the 4H and 1H further broke the 4H support line with a long bearish candle. As I look for entries on the 15min timeframe I see price attempting to make a retest on the 4H support/resistance, and the fibs show a 38.2% fib retracement which is in confluence with the 4H resistance. The 21 EMA is above the 8 MA indicating a downtrend bias. A bearish engulfing candle on the 30 min or 15 min will confirm a sell setup.
Short
by The_Pip_Trader
November 29, 2021 Review EURGBP 1 HOUR 50 MA Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open. There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly. I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right. This is my Moving Average Correlation Strategy In using this strategy, I review all major and minor forex pairs including indices and metals. If I see a pair closing on a moving average, I will flag it and set an alert above the high (buy) or low (short) on the timeframe where the 200 MA resides. Each week there are at least 4-6 setups. A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min. B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour. C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA. D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA. These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly. From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA. TRADE ABOVE: In the above chart, looking at the bottom left, the 20 MA is above the 50 MA< This is how we would expect these 2 MAs to be positioned. INext is the Moving Average Correlation between timeframes. When price closed at the 50 MA on the 1 hour, price ALSO closed on the 15 min 200 MA matching scenario (D). I traded this at candle rejection on the 15 min timeframe with profit levels at Daily Support/Resistance. Does anyone else trade this way? Is this your first time seeing this? Please respond so I know I"m not the only one here. Looking for all of your feedback! @MDFX_TRADES
Long
by MichaelDForex
November 15, 2021 GBPJPY 1 HOUR 20 MAHere is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open. There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly. I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right. This is my Moving Average Correlation Strategy A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min. B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour. C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA. D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA. These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly. From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA. TRADE ABOVE: In the above chart, scenario. (C) is shown. If you check on your chart, price closed at this time on the 1 HOUR 20 MA. Shown above is the 15 min timeframe, and using the correlation strategy, price is also at the 50 MA. If you check on your own, you will see price at the 200 MA on the 15 min. This is the relationship I use with 3 moving averages between the 1 hour, 15min, and the 5 min. The moving averages are positioned correctly on all three timeframes for a bullish move in regards with the 20 MA being above the 50 MA for the 1 hour and 15 min and the 200 MA below the 20 and 50 MA on the 5 min timeframes. A bullish engulfing candle formed on the 15 min timeframe and here I took a buy above the high with stop loss below the low. Does anyone else trade this way? Is this your first time seeing this type of strategy? Please respond so I know I"m not the only one here. Looking for all of your feedback! @MDFX_TRADES
Long
by MichaelDForex