11.10.2019 analysis: https://www.reddit.com/Forex/comments/duoc68/uthefrozen_one_strategy_analysis_and_prep_gj/submitted by Rich_Foamy_Flan to Forex [link] [comments]
DAILY SUPPLY AND DEMAND ANALYSISMonday - Definitely a day ruled by the bulls. Referencing my last post, there was not a whole lot that my trade entries (chosen before market) allowed me to do. A bit past the upper side of my chosen entry zone you will see a double top, and on the M5, it makes a pretty clean M pattern. However, because it was so extended, I simply didn't want to jump in and "Guess the Top". Those with better analysis than I may have seen the turning point as the perfect short, as it lined up with a high made on Nov 7 at about 10:45 just perfectly. Personally, I think it is difficult to decipher demand from noise on the M15, but today was a learning experience, as I was surprised to see so many levels blown out of the water by London's early moves. Lessons learned.
Anyhow, not much changed here in the larger time frames. Daily chart and H4 are creating a very nice volatility tunnel. A true tease, the guppy is not giving us much here. What really bothers me? On the daily chart, it looks as though the nearest upward spike peaked on Oct. 21. Look left and what do you see? Not a whole lot. Nothing in the way of major supply to stop the impulse we saw. Much like banks build their order book in the JPY session (depending on who you study), this appears to be the same thing only on a grander scale. Is the lack of supply/selling pressure enough to see this to 147.xxx in the coming month, or would the banks rather average down to better supply/price before making that same move...
POSITIONING OF POTENTIAL ENTRIES:This pair is in a lot of noise, and as such, like yesterday, I am truly thrown off about whether to choose a long or short bias. Rather, I will simply determine two points at which I feel I have both allowed myself to allow the market to make its move as well as allowed for the over extension necessary for good R:R.
To the short side, I like an entry of around 140.58. The red "1", "2", and "3" represent any unfilled orders in the near term. the 3rd level is the most opportune in my humble opinion. Beyond that, there is significant room to run, so I will be looking for good signs of reversal before making my entry.
To the long side, I am more cloudy. At the very least, the US/AUD low provides some simply stop hunt opportunities, but this is not as far out as I'd prefer. the M15 Proximal demand zone shows a fairly text book rally-base-rally. However, being on the M15, I am not putting much behind it other than a zone to watch should the long stop hunt move get blown by. The 3rd level of demand listed with the Blue "3", provides a location with unfilled stops that stand the most to lose given the last trading day.
All that said, I will wait and see which direction the market surges in London open (if at all), and then prep myself for the fade. Having looked through u/thefrozen_one trades, I am going to be looking for the following to assist my entry:
Green pips to all!
Tweezer Top Candlestick Pattern Formation. To identify this bearish candlestick pattern, you'll need to spot the following (very flexible) criteria: First, there must be two or more adjacent candles of either color. Second, a clear uptrend should be present. Third, those candles must reach the same high point. That's all there is to it! Forex Strategies That tweezer bottom and tweezer top candlestick patterns Can Be Applied. There are many forex trading strategies on this site but I’m just going to list a few where you can also look for tweezers as buy or sell signals based on the trading rules of these systems: trendline trading strategy; trendline retest forex trading strategy Tweezer strategies are popularly used in forex, as well as options and futures trading. How to Identify the Tweezer Top Chart. For a chart to satisfy a tweezer top pattern the following must hold. Two adjacent candlesticks where one or both touch a new recent high; The first bar is a white and is followed by a black; The tops of the two bars should be level or nearly level; Because the ... A tweezer top “fails” when a new high is achieved immediately after completion (candle), and a tweezer bottom “fails” if the next candle achieves new low; How to Use Tweezers to Place Trades . Tweezers, as in all candlestick formations, are most effective when found at previously established support or resistance. For example, a tweezer may help confirm potential reversal when found at ... Forex Fibonacci; Tweezer Top/Tweezer Bottom and Fibonacci Levels. By. Tareq Sikder - 17 July, 2020. 92. 0. Facebook. Twitter. Pinterest. WhatsApp. Linkedin. ReddIt. Email. Print. Tumblr. Telegram. StumbleUpon. VK. Digg. LINE. Viber. In today’s lesson, we are going to demonstrate an example of a Tweezer Top forming at a significant Fibonacci level. We’ll find out the impact of a tweezer top ... A tweezer top “fails” when a new high is achieved immediately after completion (candle), and a tweezer bottom “fails” if the next candle achieves new low; How to Use Tweezers to Place Trades. Tweezers, as in all candlestick formations, are most effective when found at previously established support or resistance. For example, a tweezer may help confirm potential reversal when found at ... Tweezer top patterns signal a reversal but patterns break down all the time. It's important to be able to see what other pattern the tweezer top is in. You can look at the big picture of a chart to find the big pattern. Then zoom in to see the smaller patterns forming inside the large one. By zooming in you can see a tweezer top pattern. Tweezer Bottom formation consists of two candlesticks: Bearish Candle (Day 1) Bullish Candle (Day 2) Sometimes Tweezer Tops or Bottoms have three candlesticks. A bearish Tweezer Top occurs during an uptrend when bulls take prices higher, often closing the day off near the highs (typically a strong bullish sign). 8720 free forex candlestick mt4 indicator downloads. When it finds one a popup window like the one from below appears on the main screed stating the pattern and the timeframe. Download the tweezers indicator. I have designed the indicator for metatrader 4 mt4. Tweezer top technical analysis in addition the two candlesticks that make up the tweezers pattern must have a different color to the ... Contract - CME_MINI:NQU2020 - High - 11156.75 - Low - 11073.00 *Plus Tweezer Top on the daily chart Current Stats - Gap: N/A - Session Open ATR: 229.06 - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your ...
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Tweezer tops and bottoms Candlestick [How to use] Tweezer Top and Tweezer Bottom - Learn how to use the two types of Tweezer Candlestick Pattern in your dail... Thank you for joining me for another episode of the 10,000 Trades Show. Today I am bringing you a Tweezer Top trade. This reversal trade sets up at a key sup... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Candlestick Patterns Tweezers Tops & Tweezers Bottoms forex trading for beginners urdu \\\\\ Tweezer Tops and Bottoms The Tweezer Top formation is a bearish reversal pattern seen at the top of ...