How To Analyze Any Chart 📚📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today we are going to go over a practical example on #JNJ , but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Marketstructure
#CHFJPY bullish continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs.
As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength.
This bearish move since the completion of 4H time frame candle can be interpreted as pullback to test the broken trendline and its possible to be looking to buy in this area.
Advanced Analysic for GBPAUD! BUY HERE!My analysis of the GBPAUD forex pair is as follows:
Market Structure: I have identified the MINOR wave structure, marked in BLUE on the chart. The corrective wave structure, labeled 0A-BC and marked in RED, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C.
Price Action Momentum Channel: On the chart, I've identified a bearish momentum channel. I anticipate that the price will reach the lower boundary of this channel, and this could present an opportunity for buyers to enter the market.
Fibonacci Analysis: I've identified significant price reaction zones using Fibonacci analysis. In conjunction with other analytical methods, I predict that the price will react notably at two critical levels, particularly in the presence of substantial economic news.
SUPPLY & DEMAND BLUE MINOR STRUCTURE: ~ Fibonacci 0.618 reversal.
Other Secrect analysic.
Thank you for considering this analysis.
Intuitive Mode!King W. Harbmayg's Journal Entry #33
Lesser Position— 1:5 R
Scheme 1— Thesis via 15M
a. who is currently in control of the market?
buyers
b. is the market currently in its pump phase?
yes
________________________________
Scheme 2— Execution via 1M
a. is the market at a significant price level?
yes
b. execute.
EUR/USD Short Opportunity - August RecapThis was an A+ setup - needed to monitor RT on the HTF as price was above but was a form of extended RT as price continued downwards, price was initially underneath on HTF - it RT previous broken support zone and there was clean traffic for downward momentum after RT on both EMAs