Weekly Top-Down Technical Analyses
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Thread: Weekly Top-Down Technical Analyses

  1. #1
    Doing a weekly technical analysis that is top-level and analysis of pairs before each week is essential to effective, efficient and profitable trading. It assists the trader make the most of their time and invest proper time on the correct things to do when the market is in session. What pairs to trade based on well-stipulated standards, what to search for in monitoring the market and what set-ups to greatest use are eased by proper planning and preparation which is improved by a thorough top-quality technical analysis performed before the trading week, state, each Sunday.

    Among the quotes I love in this respect is by Abraham Lincoln who said:

    'Give me six hours to chop down a tree and I'll devote the first four sharpening the axe.'

    I am starting this thread because I wish to discuss my weekly scan and analysis together with FF associates and I expect others who do such weekly scan and analysis based on a top technical technical approach will use this thread to discuss theirs with different members. But this thread isn't about any particular system and won't be used to teach traders techniques or egies.

    Articles on this thread must contain significant narratives that describe the market structure, order flow context, key technical problems and significant price actions from the perspectives of the weekly, daily and 4-hourly time frames in that order. Then, proper charts to illue that the narratives must be attached covering the weekly and daily time frames. In the event the time frame helps bring insight out, or clarifies certain aspects of the narrative, that ought to be included in the attachment.

    Please, do not only post charts without narratives; actually, the storyline should come first and then illued by the charts. But if your charts are illued without being confusing, the amount of storyline can be diminished but the storyline should come first.

    Additionally, please do not post confusing, complied or pointless charts. The easier they are the greater.

    The top-down technical analysis ought to be accomplished before the week and posted latest throughout the London open each Monday. Any mid-week update may follow any post-analysis report or update throughout the week can be done but maybe not for the intent of ridicule show-off or criticism.

    Contributors into the ribbon must respect other contributors and abide by FF code of integrity. Personally, I'll endeavour to post here a week.

    Once a while other items like videos, quotations, maxims and principles pertinent to top-down technical analysis can be shared if they assist boost consistent profutable trading.

    Trade secure also.

    KP

    Need to incorporate perspective from the time frame
    I am updating this post to inform readers and contributors that successful January 2017, I'll be integrating the perspective from the monthly time frame where it's relevant to do so. The time period provides a context that is huge for the weekly outlook to acquire a broader outlook, possible targets and turning points, beneficial to position and swing traders. It might not be necessary to acquire the monthly perspective in all instances but when such a viewpoint is likely to make the analysis stronger or clarify certain areas of price action that might not be captured effectively on the weekly time period, the prognosis from the monthly time period is going to be incorporated.

    Trade safe and prosper.

    KP
    January 1, 2017

  2. #2
    One major objective of this thread is to encourage FF associates to adopt a top notch approach as part of the trading strategies and techniques. If you believe in top technical analysis or approach to understand, monitor and snare the market, feel motivated to donate to this thread and discuss your experience and ideas with other FF members. Trade safe and well.

    KP

  3. #3
    AUDUSD Tracking Update

    Price is now at an area of interest. In the event the upper trend line of this station adjoining the monthly pivot is breached to the downside on the 4Hrly time period, that should be a good cue to trade southwards. See attached.



    I may be wrong. Trade safe and well.

    Quote Originally Posted by ;
    AUDUSD Update Price has lasted working within the ascending station and yet to reject the station to both sides. Atm price action is testing the 50.0 Fib level of the latest swing low. As may be seen in the attached daily and 4-hourly charts, there is confluence of resistance around the monthly pivot, a couple mini-trendlines and 50/61.8 Fibs. image image Notice the below excerpts of this weekly outlook, particularly the ones in bold type. I may be wrong. Trade safe. KP quote

  4. #4
    Quote Originally Posted by ;
    AUDUSD Tracking Update Price is currently at a place of interest. If the top trend line of this channel adjoining the monthly pivot is broken to the downside on the 4Hrly time frame, that ought to be a fantastic cue to exchange southwards. See attached. image I may be incorrect. Trade safe also. quote
    Note that the price has rejected the 61.8 Fib level.

    KP

  5. #5
    Cable Update

    The outlook on cable remains bearish; ardently supported by technicals on HTFs.

    I might be wrong. Trade safe and well.

    KP



  6. #6
    It is frequently difficult to devote the time and effort to do a detailed weekly study and analysis of the Forex market in prep for efficient and well-focused trading during the week. It is a slow process initially but with practice and effort, realizing the worth of these a preparatory and planning work, it would become less tedious and more enjoyable. For instance, I have just finished my weekly scanning and analysis about the pairs on my watch list. Only three of the pairs are conducive to trading with my strategy and strategies during the week. All these are: GBPAUD, GBPNZD and GBPUSD. I will search for opportunities to exchange them southward in my recognized and clearly defined areas. The moment I complete my trading program, I will share my weekly analyses with FF members.

    What about you? Have you completed your weekly analysis and picked the pairs you would like to exchange? Share your analysis and prognosis with other forum members. Trade safe also.

    KP

  7. #7
    This week I am shorting AUD/NZD. There is pretty strong support/resistance level at 1.052 and bearish trend that has been touched so I am overall expecting it to go down. This can be D1 chart.



    I am also watching GBP/CHF for potential breakout. Chart is H4.



    Hope all makes sense. Some comments would be appreciated since I am new here to FF.

    Wish you all safe trading.

  8. #8
    This can be a plea or warning into some prospective contributor to this thread. Please don't post any chart or thing that promotes your commercial interest on this thread. Such a post will be cleaned up and if you persist you will be banned from this thread. Simply attach your chart without connecting it to any site. Trade safe and be ethical.

    KP

  9. #9
    GBPAUD Outlook

    Over the time period, the pair has maintained a bearish tone because October 2008. A substantial retracement has been verified in October 2013 which peaked at the 61.8 Fib at August 2015. Ever since then, the market with this pair has maintained its displacement southwards.



    At the daily time period, the southward mode supervenes. Two weeks before, price retested the southward, daily mini-trendline established with the Brexit drop down but has since retracted southwards. It is now respecting a mini trendline on the 4H time frame.



    Any break of the mini trendlne on the 4H time period northwards is likely to see price to initially target the immediate resistance zone around 1.72726, which is in confluence with the monthly pivot. Otherwise, respecting the trendline to the disadvantage will entail price breaking the corrective mode -- represented with a micro trendline, to the disadvantage which is likely to target the weekly support zone round 1.68493, the origin of the corrective move upwards which began two weeks ago.


    I may be wrong. Trade safe and well.

    KP

  10. #10
    GBPNZD Outlook

    Over the time period, the pair has preserved a bearish tone since March 2009. Although the downward market arrangement was breached in May 2015 - really a 61.8 Fib retracement of their first reduced swing, within three months the downward mode was restored. Thus, since August 2015 the market with this pair has claimed its own displacement southwards.



    On the daily time period, the southward mode supervenes. Last week, price retested the southward, daily mini-trendline established with the Brexit drop down but did not breach it. On the 4H time period, my set-up time period, the market stays about the bearish mode, respecting a 4H mini-trendline that was retested a few times last week with price action in play across the 50.0 Fib.



    Any rest of the 4H mini-trendline to the upside may aim around 1.79744 close to the 61.8 Fib and in confluence using a retest of the daily mini-trend line above. Struggling of price to split upward may see a southward break of this micro-trendline on the 4H time frame that took the instant corrective price action on its own upward movement; this is likely to target 1.76167, the origin of this corrective movement upward.




    I may be wrong. Trade safe.

    KP

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