CAD/CHF: Review!!!Canadian Dollar/Swiss Franc was a Forex par that I Analyzed in htis week, but I don't trade it. But the movement was very good as I predicted bought in the msart point, also we see like a double bottom formed in H4 timeframe here:
Well, in case that you trade CAD/CHF, it's ok if you get like 90 pips, but the trade was very good to talk here
So guys, I don't touch this trade to talk, but my prevision was very good. And any to talk it's about that I was disciplined and patience when this trade was developing to make a liquidation toward the smart point to bought.
Bullishsetup
AUD/JPY: Bought opportunityAustralian Dollar/Yen Japanese forming an interesting bullish setup, what we could to find up bought in Aussie. So, I see a smart zone between $95.00 JPY and $94.85 JPY, i put my buy order place exactly at $94.90 JPY, Stop Loss to $94.55 JPY, and take profit to $96.00 JPY. Also to take in note, we could to forming a possible new harmonic pattern in formation, what we could to get benefit during this dormation.
So, in H4 Aussie still strong in front of Yen.
So guys, Aussie look very secure to trade to long, i hope that this idea support you!!!
Good luck!!!
EUR/AUD: Buy Order Place in the smart zoneEuro/Australian Dollar look bullish as the same like Euro/Canadian Dollar. They've a lot correlation.
but technically, Euro its's look bullish in front of Aussie. What I will put a buy order place to $1.4444 AUD. Stop Loss to $1.4395 AUD. And take profit to $1.4623 AUD.
This it's an opportunity of 181 pips.
But now, it's very important to identify the smart point to put a buy order place and not now as we could to see the following movement in the blue arrow as example and model to watch in the next hours.
But we hope this trade that activate our target.
We see a bearish channel, but we're in the bullish side, but now, we can to use our resistance line and in other way we see the same situation that price want to react in it.
So guys, I hope that this idea support your technical analysis,
and beware, we're in the clearly bullish side, and not bearish as I thinking in the monring.
USD/JPY: Bullish continuation with some perspectiveU.S. Dollar/Yen Japanese look bullish by fundamental news what Federal Reserve do in the economy.
But first, I will talk about this trade, I made an entry in the morning when I see this bullish evolving pattern, but yes, I had a sell order limit that was hope to being activate, but I change my mindset and my focus what I see. I believe that USD/JPY could to forming a possible mini consolidation like consolidation with bullish perspective
Now, I keep this analysis in my mind as I see the following movement, the Dollar could to reach until $139.37 JPY, but this it's look like a possible market trap in this zone to update, what if we're in long, we would to be prepared in case that this zone become a manipulation zone to take in note how this movement work in Forex market. As I made an entry around $138.46 JPY and if we take profit to $139.37 JPY, So, we could to get until 90 pips approx. that this will be an earning of 7.23% in this trade. But I'm watching with very carefully like tomorrow as this could be the high point to put in short and waiting any bearish signa from this point. But now, by the contrary, I continue bullish by fundamental news in U.S. Dollar. Now I have fixed my target to $140.00 JPY, with some perspective to watch the key resistance at $139.37 JPY. But I'm in long, in case that if we break-out this resistance with a strong bullish candlestick, we wouldn't to concern any bearish signal. But at the moment, I'm in profit with 32 pips in profit for now.
What happen in the U.S. Dollar about fundamental news:
1) Federal Reserve continue hiking interest rates as Powell told
2) Edward Moya believe that if Americans have options to get employed, the Fed can ignore the rapid deterioration with the other economic releases."
3) ***Other data showed a bigger-than-expected rebound in U.S. consumer confidence in August after three straight monthly declines, which is potentially a positive signal for consumer spending.
4) ***The number of job openings in the U.S. unexpectedly rose slightly in July, hovering under a record high reached earlier this year, in a sign that labor market demand in the world's largest economy remains robust despite aggressive Federal Reserve interest rate hikes.
5) US consumer confidence rose by more than forecast in August to the highest since May, suggesting that Americans are growing more optimistic about the economy amid falling gas prices.
6) The Conference Board’s index increased to 103.2 from a downwardly revised 95.3 reading in July, the first increase in four months, data Tuesday showed. The median forecast in a Bloomberg survey of economists called for a rise to 98.
7) Today, we have the result of 2 event today in our economic calendar, what U.S. Consumer Confidence raise 103.2%, indicating optimistic what consumer spend, that look bullish sentiment. And 11.23 million open new jobs in US, indicating strong labor market in US.
So, this it's my 7 points to take in note based why I'm bullish by fundamental news in USD.
***Also, it's appear that European Central Bank want to tightening the interest rates in Eurozone what I read recently in blogs, that this it's another point to view that Europe could to identify their economy
I hope that this idea and fundamental analysis support you!!!
Goodl luck!!!
EUR/CAD: Change the trend confirmedEuro/Canadian Dollar look bullish in H1 and H4 timeframe. Now, I will explain very well what happen in each timeframe in my way
We se a bullish divergence in the RSI in H4 timeframe, and the price look bullish in this side. Also, we are in the resistance zone around $1.3055 CAD, but this could be invalided as our key resistance it's around $1.3160 CAD. Because in Daily timeframe as we forming a bullish envolving pattern, the price could to lead to the upside and following in H4 timeframe that look bullish case.
i will put a buy order place to $1.2965 CAD, Stop Loss to $1.2926 CAD and take profit to $1.3160 CAD. And this can be a huge opportunity of 195 pips to earn.
In H1 timeframe our best support it's around in the previously lower high or in the blue dark zone that it's our best zone to buy and not now as this could be a smart zone to bought
I hope hope that this idea support you
Good luck!!!
CAD/CHF: Possible opportunity to longCanadian Dollar/Swiss Franc it's one of my analysis that I check out and I was in short, but I loss this trade in the first as I analyzed with my iphone and my iphone I suppose that I can't to analyze it than using a computer or laptop, a better way to see full the chart.
Ok, now, so, I believe that Canadian Dollar look strengthen in the trend, what we could to hope that CAD down a little like 40 pips and find bought in the smart zone like $0.7406 CHF, And this bullish movement could to up to $0.7500 CHF. i calculate that this will be an opportunity of 97 pips approx. to find up bought
This it's the H1 and I identify a bullish divergence in the RSI, what in this part I was liquidated. But now, I understand that bullish divergence mean change of trend. Now, we expect this opportunity to long
Meanwhile, in Daily timeframe it's look that made this break-out of this bearish channel, what bulls are interested to buy.
I hope that this analysis support you.
i wil keep update when CAD/CHF raise at least $0.7406 CHF, i suggested to put an alarm at this price when hit down.
EUR/GBP: ReviewEuro/Sterling Pound was a good trade, but I don't catch this long posiiton after that I believe that Euro could to weak, and not pass it.
Well, from Monday, I put a sell order place that don't touch my place, but my movement was correct shoritng Euro, and then, I put a short more below, also I predict very well that Euro/Sterling Pound it's forming a bullish divergence in my 2nd update that I made in this week, but that was my mistake, I was in long when I know that Euro will climp, but I closed up my long and open a short at 0.8433 GBP, what Euro could to weak, but I would have to entry later of this another confirmation of bullish evolving what I see now, that i the past hours I'm not in my chart everyday looking Forex par, but we see that. And then, I get a othe loss of 3.33% in this trade.
So guys, If I hold my long position as well or if I would have the chance to long position again, so I can to get at least 70 pips in profit or 9% in this trade, but as I fell in this trade for 2 reason:
1) When I knew that this was a bullish divergence, I supposes to hold my long position, and not entry when EUR/GBP was making a little down and then up in my analysis and being a little more disciplined.
2) If not bad if I entry to short if I knew the probability that Euro will weak, but in the past hours I don't checked my trades as for now in the morning, what it's very important to monitoring the trades if there're a change.
So, the reason #2 could be more valued than the #1. But nothing, this week I get a loss of -6.38%. But not very bad as I take always my risk management calculated every week. So, I closed up this month with 35.74% in ROI. what this month in August was incredible in total what I trade this month. Then next week, we're in the weekly final of what we have left days to finish August, but now, during the next week I start my September and find up my goal of 20% monthly in my ROI.
So guys, in comparison in the past week vs this week was very hard and also what I need to learn a little more it's being a disciplined if I know when there're a change of trend as we see in EUR/GBP by bullish divergence and price action analysis. and be always pending the trades, and I believe that when we trade in the consolidation, sometimes we would need to hope to pass the big events when its very hard to know what will be happening. But nothing, these review that I making it's to learn and apply it for my experience.
I know that I'm not perfect, but it's very important to learn about mistakes and how to work everyday to create our original version and bring the world more better and strong forming a team. The lives based in experience and practice, and that it's a key fundament to apply in our mindset.
So guys, this it's all!!!
USD/JPY: ReviewAfter that I trade this par during this week, we see a very hard trade that USDJPY was into this indecision of market and very hard to trade in the consolidation. But not bad, but I closed up my short with only 11 pips earned, this week was hard as a lot manipulation and indecision in the Forex market.
But now, talking about my past anaysis,I was in long in USD/JPY on Monday, but in this trade I loss 3.98%. That for me, this was a manipulation day after that U.S. Private Sector of Household drop to 511k vs the forecast of 575k in this week. And also, after this trade, I was shorting from $137.10 JPY in the smart zone, but the price go back to up, indicating a support at $136.40 JPY, also I was in profit like 60 pips shorting Dollar, but remember that this par it's very volatile and one of the par very manipulated in Forex market. But I got 11 pips in profit, what today unfortunately I closed up my short position as we see a very indecision and consolidation forming in USD/JPY.
So, as I got 3.98% in loss and 11 pips equal 0.93% in profit, So, in total I had a loss of 3.05% in loss. But now. this it's very natural that this trade was into this consolidation when I had a right insight what I see the Dollar. But I don't going to be anger for it, but every review that I make in my Forex par it's to learn about my mistakes as part of my success, not always we win, we need to have understood to loss.
So guys, that it's all my information that I bring you this review, so, I don't going to trade USD/JPY until break up this level, because we forming a descending triangle as possible continuation of the trend that we must to hope.
GBP/USD: Long position ;new updateGreat Britain Pound look Bullish as we see right now a bullish evolving pattern,that today we ide tifu a new bullish reversa in H1.
Meanwhile I will share as yesterday I talk about there point of support. It's appear that GBP make support now above of $1.2055 CAD a su also we see a liquidación I this point startng now to change our mindset.
At the moment, I closed up my short now as we see a bullish strength in H1. I will put my buy order limit to $1.2056 USD, Stop Loss to $1.1999 USD and take profit of $1.2213 USD
Good luck in this long position. At the moment, as I closed up my short manually I Loss 2.33%.
Now bad,but during the end of this week I will always make a recién to take my evaluación of my performance.
EUR/CAD: Possi le break out to follow the trend in Daily perspecEuro look that want to make a break-out. We could to see a bought opportunity what before was short and we was I profit in 55 pipa. But Euro take my break even what I updated this par.
Now, I wee a long in Euro
This it's the Daily chart. And we see that Arturo look optimistic
I hope that this idea support you!!!
Good luck!!!
AUD/CAD: Bought in the support zoneAustralian Dollar/Canadian Dollar look bullish in H1 analyzing this chart. I believe that the price will continue climb toward $0.9030 CAD. We could to look another opportunity to buy in the Sydney session in Forex market. i will make a leverage x2 as this it's a good chance to find up bought with hope to find up approx. 11.23% in this trade to grow up my account.
I put a buy order limit to $0.8976 CAD, Stop Loss to $0.8958 CAD. We see a dynamic Stop Loss in this Forex par.
I hope that this trade help you!!!
Good luck
Also, we're in profit in Euro/Canadian Dollar what we're shorting Euro!!!
CAD/JPY: Change of market structureCanadian Dollar/Yen Japanese could to forming a possible bought continuation, so, as we was in short position, we closed up this trade as we fall it. this movement. But in based my perspective, we don't see short for now and long for now. At the moment, the market it's move to the upside, but in case that CAD get strength, we could see a bought in the following zone that I mark $104.70 JPY and $104.40 JPY, what we need to closed up and keep away of this trade, if I know it, I closed up this short when we see this bullish movement, what I will take this analysis to work better and not focus in H4 becuase the armonic pattern what I show you fall this prediciton what I thinking. But now, analyzing the H1, we found out that CAD/JPY forming a change of market structure like ascending channel and lower high in the price, what mean a possible change of trend.
I hope that this idea support you, at the moment, we would need to wait a little more, in case to short this trade,we would need to break-out of the EMA 200 and 2nd support zone on $104.35 JPY.
I hope that this idea support you!!!
BTC/USD: Shoulder Head ShoulderBitcoin forming a Shoulder Head Shoulder Inverted in H4 timeframe and I look that there're a nice opportunity to long Bitcoin toward $25,200 USD.
I entry to long from $23,231 USD, Stop Loss to $22,590 USD and take profit to $25,200 USD. We have a risk/benefit 1:3
I hope that this analysis support you and trade Bitcoin very well!!
AUD/USD: Shoulder Head Shoulder Australian Dollar/U.S. Dollar formed a Shoulder Head Shoulder inverted in the downside. What we could to see a long position now against Dollar. Ok, in my past ananlysis I said that Aussie will drop, yes drop but made a manipulation in the zone that I was in some pips in profit and make rejection, what we could to see an opportunity to long AUD.
Right now, we're still in the opportunity to long AUD/USD. I will put a buy order limit to $0.6973 USD, SL to $0.6955 USD, and take profit to $0.7014 USD. i wil entry with 2x my leverage, what if I earn and get 42 pips, this could be a huge earn of 84 pips, because 42 pips x 2x = 84 pips. I make this becuase I'm very secure in this way that AUD still up in front of USD and the trend it's look that change today.
I hope that this idea support you. The analysis to short AUD will be cancelled and closed up manually, because I don't see very optimistic the past trade.
ETH/USD: 0.382% Fibonacci levelEthereum touch the 0.382% Fibonacci, but as we loss this trade to entry, I would found out another crypto trades that look very interesting to trade crypto in this week.
I will share my analysis and point of view of where Ethereum leading the price.
I hope that this anaysis support you!!!
I share my Daily analysis here!!!
USD/CAD: Bought in the pull backU.S. Dollar/Canadian Dollar forming a nice entry in the market live. What I see that USD/CAD break-out this bullish rising wedge what we could to appreciate it in H4 timeframe
This it's the bullish risng wedge, we pass the ABCDE Elliot Wave, what we could to expect it's that USD goes strong in front of CAD
If you want to bought like me, you can to do the following, put the buy order limit to $1.2848 CAD. Stop Loss to $1.2811 CAD (-36 pips) and take profit to $1.2942 CAD (94 pips)
I hope that his analysis support you
Good Luck
In the past month, July 2022 I made 17.88% in earns and Loss of 9.78% . I expect to get 20% monthly but I earned almost 18%, but not bad/ But I can to work better month to month and weekly to weekly.
CAD/CHF: Bullish butterfly harmonic patternI found out that Canadian Dollar/Swiss Franc forming a bullish butterfly harmonic pattern with the correct measure using Fibonacci for harmonic. But I see that CAD/CHF as forming this bullish perspective. I believe that CAD/CHF will continue drop, yes drop but doesn't drop as I expect because we see a wick of manipulation zone that institutional are interesting to buy this forex par.
I show clearly the rejection point, and also in H1 you can to see better as in H4 timeframe, because the drop was stopped and doesn't make a drop in the price, just a wick of rejection in that zone.
Also, there's a good opportunity to buy now CAD/CHF. I entry in the 2nd trade and entry to $0.7481 CHF, Stop Loss to $0.7452 CHF (27 pips) and take profit of $0.7530 CHF (51 pips). In my first trade I entry around $0.7486 CHF, For update, I put the same Stop Loss #0.7452 CHF (32 pips) and take profit of $0.7530 CHF (46 pips) This it's a risk/benefi 1:1, but have a lot potential to reach our target.
Good luck!!!
USD/JPY: ABCD bullish patternIn this update, USD/JPY forming an ABCD bullish pattern, what we could to see a long position right now that could to reach in the 0.382%. I use Fibonacci for armonic to calculate my potentials target. Also, I can see a double top in that chart and we're in the possible invalidation of this broke-down of support, our main resistance will be exactly to $137.61 JPY. Also, you can to draw a bullish butterfly harmonic pattern, but I put my analysis more easily to analyze it. Because it's the same calculous to measure it.
At the moment, the price still up, but I hope to continue climp as I Hope.
Good luck in this long position!!!
Remember, I entry around $136.61 JPY, Stop Loss to $136.11 JPY (update) and take profit to $137.61 JPY and a point to watch $137.30 JPY to know if the price could to continue up, Otherwise, the position could be closed up manually so near of $137.30 JPY analyzing the candlestick
EUR/JPY: bullish divergence and break outEuro/Yen Japanese break out this structure and want to continue climb that we could to get a good trade in this par. And also we forming a bullish divergence in the RSI and price action too.
We're in this way forming a bullish divergence
In Daily timeframe it's look bullish from this key support zone above 138.50 JPY.
I put a buy order limit to $138.76 JPY, Stop Loss to $137.98 JPY and target to $140.00 JPY. This it's look a potential trade to find up 138 pips.
This it's a quickly analysis today. I hope that this idea support you
Good luck!!!
NEARUSDT short term bullish divergenceNEARUSDT on the 4h timeframe showing the bullish divergence on RSI and MACD indicator while the price is making lower low however getting above 20MA and respecting it as support we could see a short term bounce on NEAR up till 200MA at 4.656 approximate level. If the bullish divergence gets played out.
ETH/USD: break-out of this bearish trend lineIn H1 timeframe. Ethereum made this break-out of this bearish trend line formed in H1 timeframe. And also, draw the Fibonacci level, Ethereum it's in the bought point in the 0.382% Fibonacci level. And maybe what consider, it's that Ethereum could to reach $1,200 USD, in the exactly EMA 200 point. And we could to get this long opportunity to find up 14% of movement.
I will put a long position now and Stop Loss to $1,005 USD and my own target in this day trading will be $1,200 USD. And my entry price was around $1.051 USD.
And well, analyzing the H4 timeframe, the trend could to be consolidate for few days until Ethereum fulfill the next step to crash, what I expect in medium term.
Good luck in this long position
10 year We must see how the markets react to this dump to the 10 yr, my gut thinks this could be a fear trade which causes money to leave risk and head into USA gov bonds. I would assume that at some point around 2.4% (618% golden ratio) a bottom will be found and the inflation narrative will be silenced for at least some time while Oil has a decent pull back to $60. Then the W5 will kick in and maybe intitially seem bullish while rates climb in a structured manor till around 3% or 3.2%. After rates hit that level inflation may start to appear again in the MSM. Once w5 really kicks in and heads towards 3.5%-4% plus this will likely be the debt market melt down. So watching DXY, stocks and crypto how this all plays out