ETH/USD: Potential long position to $1,500 USDIn Daily timeframe, Ethereum look that the price it's into this consolidation, but I see in the candlestick analysis that the price forming a series of bullish pattern, and most recently the bullish hammer with a large wick of bullish rejection, indicating that bulls are interesting to lead the price to the upside.
So, our next target to trade will be like $1,500 USD as maximum to watch and study where's our support and resistance key in this chart.
So guys, I hope that this analsyis support you if you want to trade Ethereum.
Good luck!!!
I will check in H4 timeframe to know and make another analysis.
Bullishsetup
USD/J[Y: Bought in the smart zoneU.S. Dollar/Yen Japanese look into this opportunity. So, there're a lot potential that U.S. Dollar continue strength in front of Yen Japanese and other par.
Analyzing in H4 timeframe, Dollar still up and the last analysis, I said that a good zone could be like this. But this it's a pull back, not a bearish signal, also we would have to short Dollar in the past hour, but for me, I don't like when Dollar still in the strong uptrend. Also, another data look very optimistic in the Consumer Price Index that rose 0.6% in forecast of 3%, indicating optimistic in USD, and at favor by American consumer that this survey and economic data work to measure the consumer trend in front of inflation.
In 30 minutes look in the strong bullish envolving, what I believe that in H1 timeframe could be bullish. So, I put a buy order now in $143.26 JPY, Stop Loss to $142.52 JPY and take profit to $145.00 JPY, We see a risk/benefit 1:2. With a lot chance that Dollar continue strenght in this pull back now.
Good luck!!!
Tomorrow we have important news:
1) U.S. Core Retail Sales ***
2) U.S. Initial Jobless Claims ***
3) Philadelphia FED Manufacturing Index
4) Retail Sales
BTC - If You're Short, Abort!Analysis:
- Support & Resistance
- Supply & Demand
- Trend Line Analysis
T1: Target 1
T2: Target 2
T3: Target 3
$: Bias Change / Bull Run Begins
D: Demand Zone / Bottom / End of Correction
Opinion:
We will have a bull run going into Q4 and early next year
accumulate accumulate accumulate
AXISBANK- 240 MINS TIMEFRAMEHi there,
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
JP ASSOCIATES WEEKLY TIME FRAME#JP ASSOCIATES....
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
NZDJPY Long Trade SetupA bullish opportunity recently presented itself on the kiwi-yen trading chart (My profit target was triggered when I took the other side of the trade {sell/short/bearish} in the recent past). This follows from the bullish harami candlestick pattern which printed on the 82.112 support level but closed above the same level, indicating a false breakout (fakeout) of the level. A stop loss below the 81.000 psychological level and a profit target anywhere between your entry and the swing high of 87.885 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
FX:NZDJPY
I am rooting for you!
Your FX Plug
CAD/CHF: bullish envolving patternI this update as I do in the comment box in CAD/CHF where I was shorting. My bearish movement was a good expectative, but price action show us a bullish envolving pattern that you must to be carefully, because in that point we're in the market reversal.
Also, I want to share in H4 that we're in the bearish channel, and also we forming like a descending line that in any moment as we see a bullish signal, we could to break-up this market structure in this par, and this it's look very interesting to trade in long position.
This it's the descending line that we could to see better in this zoom up.
So, at the moment, I'm in long position from this morning that I update my position in the comment box in CAD/CHF where I was shorting very good and at least I get 2.60% in profit in this trade with 27 pips in profit. But not bad, but I see that CAD can to strength now.
Technically, we see 2 point to be pending in $0.7558 CHF and $0.7390 CHF. My Stop Loss it's around $0.7269 CHF and take profit until $0.7390 CHF.
Good luck!!!
NZDCAD Long Trade SetupA bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio as high as 7 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
FX:NZDCAD
Rooting for you!
Your FX Plug
USD/JPY: Where to bought!!!In this analysis, I make an analysis in USD/JPY that I believe that in based the technical analysis. I'm still bullish in USD/JPY. What we could to find down a good level to bought like $141.76 JPY, and also if in case that make this break-out of this higher lower. What it's important to hope the next opportunity and not trade yet.
Also I want to share in H4 timeframe that we're in the 0.382% fibonacci.
Also, I study a lot this par and become the most volatile par in Forex market, what sometimes we would to develop a tolerance in this par and analyze very well to develop a successful strategy. I'm still bullish in USD.
***Tomorrow will be the U.S. Consumer Price Index, and this report it's where investor hope to know this data to trade widely.
Fundamental Analysis in U.S Dollar:
1. Dollar fell to it's lowest level in about two weeks agains a basket of currencies on Monday following recent strong gains.
2. Investor sentiment grew up into the nervous ahead of U.S inflation data as FED appeared to increase interest rates. This data show a concerned in the U.S. economy into the risk to curb like a reccesion.
***3. The U.S. Consumer Price Index report will due tomorrow to know and get clues on how aggressive the FED may need to be in hiking interest rates next week to fight high inflation in America.
4. Joe Manimbo, senior market analyst at Convera, He believe it's been a break in the dollar relentless rise, waht behind that its an improved risk sentiment.
5. U.S. Consumer Price growth is expected to decelerate slightly in August with analyst citing a moderation in soaring energy that previously contributed to driving inflation very high since 40 years ago never see in America economy
Keep update!!!
GBPUSD Long Trade SetupA bullish opportunity recently presented itself on the pound-dollar trading chart. This follows from the bullish harami candlestick pattern which printed just above the 1.14000 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 1.22956 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
Rooting for you!
Your FX Plug
FX:GBPUSD
I expect a major crash in Cardano priceCardano still in this consolidation since May 2022. But, this it's not an accumulation zone, I see that bulls are trying to fight, but bears are taking control into this downtrend. And remember that FED it's very crazy to tight the interest rates and value of U.S. Dollar, what we expect a major crash in ADA.
So, I look first that this it's a re-distribution zone where we're in the bear market, and sometimes this look like the end of the bear market. But to know when the bear market ending, it's very necessary to have in mind the macroeconomic and microeconomic aspect to know what happen in the global economy. During the years I found out that cryptocurrencies make their movement what Forex market do, and sometimes as crypto-trader we could to take advantage reading everyday Forex market to take a perspective to trade cryptocurrency very well and choose some pars to trade. But I'm very interesting to learn about this correlation that crypto and forex show.
But talking about in weekly timeframe, I expect a crash that could to carry the price to $0.23 cents approx. Also I'm note that Cardano forming a symmetric triangle in Daily timeframe that it's look very interesting to check out.
I'm still bearish in weekly timeframe!!!
Ethereum forming a bearish channel explainedEthereum look in the exact point and very interesting to short and put a sell order place.
I like to trade cryptocurrencies in H4 timeframe or above, but based in Daily focus.
So, Ethereum formed a bearish evolving pattern, what we could to see that this will be the new higher low of the previously them. And a formation of bearish rising wedge, Ethereum could to explode this movement to the downside very soon. What I will put a sell order place to $1,600 USD, Stop Loss to $1,722 USD and take profit to $1,356 USD. So, this it's a risk/benefit of 1:2. It's a good proportion to short Ethereum from this point.
So guys, if you're interested to short cryptocurrencies, I suggested you to be very focus in Forex market first as Forex market make movement very correlated with financial market, cryptocurrencies it's an attractive world if you know how to trade crypto-assets and become a trader in cryptocurrencies could to help you if you combine your talent with Forex market and take this understanding how this market work in correlation with Forex.
I hope that this idea support you!!!
For me, Forex it's an easy market to trade, if I can to trade Forex, I must to trade cryptocurrencies. Trading it's a lot practice than theory, guys.!!!
GBP/USD: Review!!!I traded GBP/USD in my first short position. And also, I made a very good entry in the smart point. And I was in profit with 173 pips. But now, GBP/USD WAS INTO THIS Bullish channel flag that I look, and break out very good, but I don't closed up in the grant bullish evolving pattern, what I closed up my short in $1.1536 USD, and my short entry price was $1.1574 UD. What in this short trade I get 43 pips in profit, equal of 4.33% in profit. Also to comment, when I closed up this short trade, I had a long perspective that GBP/USD could to up, what my prediction was very good, but never the price goes my my buy pending place in $1.1490 USD, but my direction was very good, what if I get this trade and touch my buy order place. So, my profit will be 121 pips or 12.10% in this trade. But after that GBP/USD continue climb up, so I cancelled this trade as never goes to my pending order.
But well, the only profit that I get was in my short trade, also I was very good in this trade in short, what GBP/USD was so near to take my profit for only 33 pips more down. But the only that I want to work a better it's when I see a bullish evolving, the same for the bearish trend when we see a bearish evolving, its time to take decision to closed up and keep away of this trade when price action speak me that there're a change of trend in the price fluctuation. But, well, not bad, and also my both analysis in short and long was very good in GBP/USD. And for long position, when I take this place, so I don't see any negative comment in me, but so it's very normal that somtimes the price continue up without activate the pending order at favor of the trend.
So, as my monthly ROI was in 11.33% and sum only 4.33% in profit. So my account grow to 15.66% in profit during this month on September.
Now, if I decide to trade GBP/USD, we could to see a formation of Shoulder Head Shoulder inverted, what the next movement could be bearish in GBP/USD to look a strong resistance in a key point to watch
AUD/CAD: ReviewMaybe, this par was very bad when I analyzed, because as I was very focus in H4 timeframe, I was bullish in my first trade in AUD.CAD and the price down ant took my SL and loss -3.12% in this trade, so AUD/CAD continue down.
This was my past analysis in H4, but I learn that if this trade look that has a lot support to watch, and also if look very complicated to analyze, I believe that I suppose to analyze better in H1 than H4, because in H1 look very bearish than H4 timeframe.
But I fix this analysis in H4 and this it's very simple and classic than using the previously screenshot to analyze it. As I fell in both trade, first in long and then in short.
But more in short as I fell in this trade, but as also on Thursday at night, I was in short, but maybe hour of midnight, we see a formation of this bullish evolving pattern and I was liquidated and loss another -3.54% in this trade.
Maybe, this trade was not good for me as I made a bad analysis that I will need to work a little more in this par, as if I see a par like this, it's better don't complicated a lot draw, the analysis will be simple and classic what I look to prevent this fell.
But now, it's very normal that not always I will get positive streaks, as everyday we learn something new in our life to work better. Nobody born to win, if you don't lose firs and learn of it. So I have a loss of -6.66% in this trade. So, as I had 17.99% in profit during this month. My account using this formula 17.99 - 6.66% = 11.33% in profit during this month on September.
So, my earns in this month drop to 11.33%. But not bad!!!
So guys, I learn in this par that to make a technical analysis, it's very important to be classic and simple, and not very complicated to trade it as I fell in my first trade that was a good point to look more.
And well, if i decide to trade AUD/CAD, well we see that maybe could to continue up after this break-out and look target to $0.8989 CAD. I will add my 2 link of my past analysis in AUD/CAD.
GBP/USD: Buy pending placeAt the moment, I don't see that from this level a drop, I look a bullish setup, so, as I was in long position in $1.1520 USD and hit my Stop Loss in $1.1475 USD where I loss 5.03%. But now, we can to see a long position from this level of bought zone. But the movement in this morning it's supposed to continue bullish, but was manipulated. Now, we see a double pull back formation in this zone what we could to find up bought.
Now, talking about H4 timeframe, the price still bullish and following the RSI bullish divergence formed.
So guys, I put a new buy order limit in $1.1490 USD, Stop Loss in $1.1436 USD and take profit to $1.1610 USD.
Good luck!!!
GBP/AUD: Double Bottom; pull backGreat Britain Pound/Australian Dollar forming an interesting Double Bottom here, and right now, the price it's making a pull back in this zone. Talking about the H1 timeframe, we see that GBP/CAD look into this bullish setup. I draw this diagonal up line that mark a psychological point that we couldto put a buy order place in the smart zone. For me, I'm very sure that GBP/CAD forming and ending this pull back confirmed to long position. I put my buy order place in $1.7024 CAD, Stop Loss to $1.6977 CAD and take profit to $1.7226 CAD, also I suggested when GBP/CAD in this way in the up trend, it's necessary to monitoring this trade if we see any rejection in the half of this way.
Based in H4 timeframe, we're in the bullish setup right now and GBP/CAD can to reach this reaction zone in $1.7236 CAD approx that I mark using block orders to analyze it.
So, that it's all for this analysis what I see.
I hope that this idea support you and trade this opportunity in Forex market for this week.
AUDUSD Long Trade SetupA bullish opportunity recently presented itself on the aussie-dollar trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.66800 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 0.71403 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
Rooting for you!
Your FX Plug
FX:AUDUSD
AUD/JPY: Review!!!This it's my last review of the past week in Forex market. I'm review Australian Dollar/Yen Japanese where I traded this par that i Founded an excellent opportunity to long AUD/JPY. Also, I don't see any mistake that I do in this par, as this par I made a perfect entry in the buy smart point and I got 111 pips earned or equal as 9.86% in profit. This trade was excellent what I founded in the past week buying in the reaction of support as I show you in the blue arrow and smart point.
So, this was a excellent trade without talk about it much.
This it's the H4 timeframe where I made an analysis in AUD/JPY.
____________________________________________________________________________________________________________________________________________________
So, now as I ended this trade in the past week with +9.86% in profit. So, I said in the past review in GBP/AUD that I will post below of this comment in the link to related idea, that I had 8.13% in profit in this week following in the excellent analysis that I made in EUR/AUD, So with now 9.86% in profit in AUD/JPY. So, in total that I made in this week 8.13% + 9.86% = 17.99% in profit.
So, I made in the past week 17.99%. That it's a very good percentage that I made in the past week and also in my fist week on the month that I starting September very good with 17.99% in profit. Nice setup!!!
So guys, my monthly goal it's minimum 20%. So, I have left of 2.01% to reach this goal. What I been accumulating 17.99% in profit in Forex market. excluding the crypto trades that I don't trade in the account with Forex, did you know in other account. But that it's nice.
So guys, this it's my last review and I will starting to trade Forex in the next hours.
Good luck!!!