GBP/USD : BEARISH GARTLEY PATTERN ON H4 TIMEFRAME 🔔Analysis of #GBPUSD
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Strategy: Bearish Gartley on H4 timeframe - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
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Your support and feedback will always welcome
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The information contained herein is not intended to be a source of advice or credit analysis
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Walter
Bitcoin-gold
EUR/AUD : PRICE ACTION ON DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community!
Analysis of #EURAUD
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Strategy: Price action on daily timeframe - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
***
Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
EUR/GBP: PRICE ACTION ON DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community!
Analysis of #EURGBP
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Strategy: Daily price action - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
***
Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
EUR/GBP : BEARISH CYPHER PATTERN IN H4 TIMEFRAME 🔔Analysis of #EURGBP
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Strategy: Bearish Cypher pattern - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
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Your support and feedback will always welcome
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The information contained herein is not intended to be a source of advice or credit analysis
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USD/JPY : ABCD PATTERN + BREAKDOWN IN DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community!
Analysis of #USDJPY
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Strategy: ABCD PATTERN + BREAKDOWN IN DAILY TIMEFRAME
A clear chart is Always the best business card for a trader.
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Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
DXY, Bitcoin, SPX (S&P500), Euro & GoldLess of a tutorial and more of an observation. Worth a look at the relationships if your new to trading. Bitcoin's addition is intriguing.
Wishing you all a Merry Christmas and a Successful New Year.
Comments & Discussion welcome.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
What you might really look at is ...... the Gold/Bitcoin ratio.
Far oversold on all scales. This means that compared to Bitcoin, Gold either becomes completely useless or is just very cheap. What do you think it is?
It is worthwhile to follow the development for example on 1h. Right now it seems to be reversing. Stay tuned, it is going to be exciting.
To explain it simply, if the blue curve keeps going up, it obviously makes no sense to hold on to Bitcoin, you are much better off exchanging it for Gold and holding on to it.
EURUSDMost people who stop with the 1 day timeframe seeing the breakout might be waiting a slight pull back so they find entries and go long. This might be effective if you are a scalper or day trader. For traders that will hold their positions for weeks or months, let’s take a look at the weekly and monthly.
A thread:
⭐⭐⭐⭐⭐The MOST IMPORTANT CHART of the year ⭐⭐⭐⭐⭐1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?)
2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level )
3. Next inflation data (Dec 10) and trade balances will be crucial data
4. Dollar price will affect most of your trades:
- metals (negative correlation- especially Gold , Silver , Copper )
- indices (positive coefficients, which means that as the value of the U.S. dollar increases, so do the stock indexes )
- stocks (which shares to choose / which to sell / how to diversify and hedge - 40% of shares follow the dollar)
- Bitcoin (the new safe haven to many may increase dramatically if the dollar crashes)
Bitcoin is going to the high... then what? Look at Gold!It is readily apparent by now that BITFINEX:BTCUSD is on a run for the last ATH. When the price of something is this close to such an obvious level with momentum it is a very high probability bet it is going to reach it and even break it. But what then? You have to BE SMART. A lot of people that don't watch this video are going to FOMO and I pity them but hopefully it comes with a lesson. That lesson they will learn one can already learn by just looking at the chart of AMEX:GLD this year.