MY ANALYSIS FOR USDCHF 2ND OF MAY 2023Here the triangle formed and there was a breakout above but unable to move up and reverse and break another one below so is likely that the market will move down big so going for short is needed
Chatterpatern
Bullish Trends Start in 1 HR TF for TRB USDTBINANCE:TRBUSDTPERP
Bullish Trend starts in the 1 Hr TF. In this case, the bullish engulfing candle shows that buyers are dominating the market and pushing the price upward. TRB tries to break previous H.H levels.
EP 18.32
SL 17.27
DF 1.05
TP1 19.37
TP1 20.42
XMR/USDTXMR/USDT
-Considering that we had taken TP1 of XMR/USDT before and the correction that followed it, the price has reached a good support again and is also valid for ,
-the cost has arrived at a decent help again and is additionally substantial for more.
To purchase, the SL (stop lost) and capital administration should be noticed.
-All protections and TPs (take benefits) are spotted.
- It is a perfect opportunity to purchase Monero, as a result of the cup and handle arrangement!
- RSI is prepared for another observation and when we arrive at unsurpassed high, we ought to speed up in speed.
ETHUSDT-ASENDING I have seen different opinion on this and I'm beginning to wonder what's the best options for the next circle test.
For important notice we've seen it all in short term and the way the candle multiplies in different forms.
Which mean if it continue like this we can set up for another reform of the next all time high.
UNISWAP is still on gaining wage.
USD/CAD SHORT SETUP !!!TOP DOWN ANALYSIS
DAILY TIMEFRAME
We see a nice melt down in usd/cad as oil price continue to rise as a result price of canadian dollar as appreciated..
H4 timeframe
Usd/Cad was consolidation for a while and see shall see a nice range between high level 1.36600 level and low level 1.35100 level. we see a temporary break of structure in lower timeframe for a continuation to downside if price of oil will appreciated in value.
H1 Timeframe
Price is currently trading between to level around high 1.36200 level and low 1.35000 level. this week we had a nice melt down of usdcad and today we saw nice pullback . a key level to watch is around 61.8% fib level to 78.8% fib level. price level to key an eye on is around 1.3600 level which is a key liquidity point. also between the fib level. and we need to wait for rejection and EMA crossover before a rollover to downside
GBP/AUD to fall.The last forecast correctly predicted the direction of the price for GBP/AUD. Now the pair is about to land at the old Support zone , so the Downward trend continues.
Psychology trade cycle of SPX.....!!!Cycle of SPX
Cycle proposed that trends in financial prices resulted from investors' predominant psychology. It found that swings in mass psychology always showed up in the same recurring fractal patterns, or "Cycle," in financial markets.
The price will definitely for 5th cycle.
Maintain the risk and reword ratio on trade.
Stop loss estimate 2762 nearby below this price the SPX will fall.
