Potential LONG Position EGRSMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 1-7 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.210
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.210
Target 2 @ ....
Risk/Reward @ 1.2.5
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Anaylsis
SHORT TERM | EURGBP | STRONG BEARISHSHORT TERM ANALYSIS,
Hey Guys,
this Short Term analysis, it's just predections,
I prefer for trading, the reaction for long term,
lets just watch until the Reaction,
When the price hit the PURPLE line, what called before support, its now as a resistance for the price,
we will have a safier Confirmation for the Entry Price,
Have a safe trading,
Adios.
P.S. the Divergence between theRSI line and the Market Trend line, it's a good strong mark for a future full divergence and a strong bull break
!! GBP/AUD Ready For Big Up (BUY) !! $GBPAUD CHART
Welcome Traders >> We Have Here Opportunity And Direction For $GBPAUD
! Frame : 4H !
! Tools Details On Chart !
♣️ Down Trend Line
♣️ POC Key Level
♣️ Fibonacci Area
📚 Vision : Waiting For Break Out POC + Trend + Fibonacci Area With 4H Candle And Enter Buy 📚
🔷 Take Profit Levels : 1.82000 / 1.83000
🔷 Stop Lose Levels : Close 4H Candle Down POC Price Line
!! Please Take care Trading Is Very Risk Don't Risk On Any Position !!
XAUUSD Price movement prediction 5-10-2020Using the triple trap strategy, these are possible setups of this pair. As Gold broke the zone and has been making higher highs and lows, also price is respecting the trendline and we can see trend continuation divergence, there is buying opportunity and may ride till the top of the channel.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
Bitcoin Long AnalysisBitcoin is in a key area where price has pulled back from multiple times, waiting for a little more pull back to happen before the bulls come in to play. I've noticed that at the end of almost every month, or even beginning of the month Bitcoin makes a huge move, its getting close to that time of the month again so i'm expecting price to shoot back to 12k soon after the pull back. If it goes exactly how I say that will be a nice 770 pip move. Also price is still on top of my EMA and has been for 5 days straight. The current candlestick can possibly be the 6th stab, lets see what happens!
Leave your comments below! Feel free to critique, add on to my analysis, or if you agree/disagree let me know!
SPX (S&P) - What shall we do now? Hey, we made it through this week! Choppy on precious metals, currencies and indices finally had a minor little pull-back.
I did an analysis this past the last time with the possibilities we reach the previous ATH areas - and we did and we went past it and made another all time high...Let me explain what's going on...!
Firstly, let's look at technical aspects as that's the easiest - Bullish channel, within the larger bullish channel we have smaller channel occurring which we are still within this channel. We could keep heading higher, and go towards that small gap we do have near all the high areas and perhaps pass that and go above making another all time high...OR we could get a break out of this channel, which I have shown key levels I am interested in. Yesterday, may of seemed like a large move towards downside on 1hr or 4hr time-frame but actually looking at the bigger picture, a - 2%/4% on SPY & NAS really isn't much considering the immense amount of bullish momentum we have had..Thank you Feds..!
Fundamentally - Go and research what the Feds have brought this time in the crash we have the usual mortgage back securities etc but they did also go into various other assets and companies like apple and the famous Tesla...Retail drive, have excelled further within this bullish momentum we've received. Now there are various aspects we could take into account, retail trailers that was largely uplifted summer season known as the Robins and then there's the lack of volatility which is the way I like to analyse the US indices. Firstly, look at what the index is weighted on, then looking at VIX we was going to reach lowest levels, now rising above that gives me a clear indication, perhaps a pull back is due... I had even posted the FAANG companies analyse within, and even that gives me a view of pull back is most likely due - when...well we have technicals to back that I have marked the support areas matching 50 & 200 EMAS, as well as this be careful if it does come out of this channel, fully confirmed.
Also, be aware we do have elections at the end of the year and as well that, if there is a pull back perhaps they could get another stimulus going via capital hill, as you look at the data figure out of USA, things don't look promising... Longer term - I suspect, the price of commodities to increase further as this year and next year to go by, as well as various other majors combined. Keeping in mind, Europe dislike a weak dollar - will they lower there inflationary rate and various other policies? As data shows they are in deflation.. (Check my last post explaining further regarding EUR)
I can proudly say, I won't be buying at these levels and nor will I be selling - I am neutral until my plan indicates a clear movement to either direction... Go with what your trade plan says!!
Key tips: The trend is your friend, but have a little patience...! Also, look at the economy globally, and seek what type of market economically we are in as well as the behaviour of the market.
Gold ...Take your side..!Gold, Gold, Gold......!
Well, we made it to Thursday - Finally got that dollar strength..! Hold steady we have NFP tomorrow - This could make or break the beautiful gold dust, not sure if you've heard the song but great motivation.
However, back to technical and fundamentals of gold (XAU/USD) Key trend-line up from the daily as well connects nicely, we could measure the pattern which I've implemented in, measuring the downward movement we reach the 161.8 Fib retracement which is a nice pull-back area BUT I want you to understand whatever you trade plan indicates to you, for me it's this trend-line up i'd want a daily close below before I can even think of the bears coming into further control, until then I have neutral view on this.
Now, let's look at towards upward movement - I have measured this pattern, we would reach ATH on gold - which doesn't really surprise me considering where we are within the economic cycle, which if you still don't understand what is going on - I advise you to research in depth of economic cycles, various books out there that could extended that knowledge area of yours further, and lastly fundamental view - EURO doesn't like the dollar weakness...! Great articles out there regarding that situation, they've got meeting next week to discuss policies. For EURO 1.1750 key area!
(It wouldn't go directly down or up to those levels, the market does move in waves)
Either direction it goes to - Remember, to me this is still consolidation and support within this pattern drawn (200 EMA something to keep in mind)- It hasn't broken towards up side nor the downside - I am neutral and I wouldn't be surprised if you get fake break outs something to keep in mind and the purple coloured areas drawn, if we still within those levels - still range bound..! Key tip I will give you in this post - Wait for the break out and trade the pull back on the break out indicating if it is a real break out towards direction.
Now... You don't have to take the trade down, which would be counter trend, you could wait for it to decline further and buy the depreciated pull back area and scale into the trade as the price of precious metal increases..Just an idea..!
Enjoy the great momentum the market is giving us all!
Remember: JUST A TRADE IDEA, NOT A RECOMMENDATION.
All the best,
Trade Journal
AUD/NZD - Short Setting an order for a short on this pair as it looks to be showing resistance at this major area. there is major support below and it is in an up-tend however, i believe we are going to see a pullback.
I will close partial profits at the support below and let the rest of the trade run on a break even stop.
Very simple.
If you have any questions or want to learn more about how i trade, leave me a message on here or on my instagram!
Have a great week.
Saxon
Bitcoin Bull & Bear projections Hi everyone!
Heres an analysis of Bitcoin intraday (4H) chart.
Now that Bitcoin is in post-halving we have can now gain insights on the sentiment from market participants. As you can see the market used the old wall street saying of "buy the rumor, sell the news" theory to the current price action. Bitcoin saw a sell off near the $10k region after making multiple attempts to break intraday highs. $10,000 is now the next psychology level for the bulls to take out before we can officially sound off a BULL RUN.
Key levels intraday:
$8500s (could break lower) $10,310 Measured move highs if we break $9200.
Next intraday support is between $7800-$8100. If that support range is taken out then we should see a projected wick low near $7300-$7500.
The lagging market participants will enter there longs there in hopes of a bitcoin summer bull run. Only time will tell!
Please send any questions or comments below!
Team Crypto Level UP