Finance
CADJPY H1 - Long SetupCADJPY H1
Trading from current price up to previous high still offer 3.3R, measurable trade no doubt. Not the typical kind of analysis we like that trade, seeing as it's more a trending environment, but we still break and retest out trading zones, and it's on a slightly lower timeframe.
Happy to see how things unfold though.
EURNZD H4 - Long SetupEURNZD H4
Jumped ship again, prefer this structure as compared to what we had marked on EURAUD and also the pending order limit we had set.
Thinking exactly the same play for this setup, multiple H4 rejections seen with the latter 2pm closing bearish. Expecting corrections now down to 1.68, which is where I'm looking to scout longs.
GBPUSD H4 - Long SetupGBPUSD H4
1.40 support incoming, looking to either set a pending order on this price level or an alert to make sure this move isn't missed, perfect corrections, shame we closed out yesterdays short at 200 to try and get a better entry!
Win some, miss some, lose some. Part of the game, 1.40 support will be a great buy entry for us I feel.
BITCOIN | A Possible Correction Scenarios.Hi,
The price of Bitcoin has printed a new lower low since September of 2020 and it got a close below the trendline (final bearish market confirmation). The close wasn't the strongest one, left a wick, and in the next day, it pumped quite aggressively back above 50k.
Despite the aggressive pump, we cannot forget the happened breaks what the correction has already done. Read it from my previous post HERE . In my opinion, the key area stays between 55k to 60k. From there we might see another correction downwards. How deep it would be? At the moment, I cannot say, but the damages are done and you should be cautious.
The price of BTC is back around 55k and there is quite an important horizontal price zone (white one) which has played role in the past. It has worked as support and after the break below it should start to act as a resistance level. Plus the mid-round nr. 55k should be a small psychological level and the Daily 50 EMA start acting as a resistance. The price has been above 50 EMA since Oct. 2020 but in the last week, we saw that the Daily candle closes below it.
For me personally, the price action doesn't look right to go higher without another correction. It can happen but the candles layout and the one candle pump just don't match with each other to print a low which can drive the price to the new ATH.
So be cautious and there will be better times for BTC from lower prices ;)
Stay healthy,
Vaido
GBPUSD H4 - Short Trade SetupGBPUSD H4
As mentioned earlier, still focussing on this pair, we are yet to have seen a GBP bearish correction or a USD relief rally.
DXY responding nicely to that 90.00 DXY whole number, I'd like to see some sort of a correction this week, can play with profits secured from minor dips we were playing with yesterday from shorting the 1.41525 price.
EURUSD#EURUSD
The price reversed at the resistance 1.217. The fall has begun.
I expect the fall to continue as this resistance line has existed since February 2020. Also last week the price was already starting to fall.
But then it consolidated towards the line (good fixation before the fall). Also, this fall will be a continuation of the undulating movement that I noted on the chart.
The target is 1.182.
11 / 13 last EURUSD forecasts come TRUE
EURUSD 10 05 2021EURUSD 10 05 2021
At the end of last week, the price came to the resistance zone 1.217. In this zone, the strong resistance line of February 2020 and the resistance line of July 2020 intersect. The price has touched this resistance zone twice and now I am expecting the start of the fall. My goal is thus 1.188 support line.
ASCENDING CHANNEL RUNE/TETHERUSJust showing an ascending channel i am not going to operate that because the risk/reward ratio for the possible trade is 1
Let me your opinion about this channel in the comments below.
XOXO
EURNZD H4 - Long SetupEURNZD H4
We had a support long marked up here and the wicks to the left would have knocked us.
However, if we see another pullback to support, lower timeframe double bottom or something of the sort, we could possibly consider longs up to resistance, again, offering a solid 4R.
Gold H1 - Short SetupGOLD H1
Sitting just shy of 1800/oz, we could see this hourly range fill again, nice 5.4R setup from resistance to support.
Only really a trade for those with the larger account sizes,
1795 entries, stops just above 1800 and TP extension around 1765, this is something I've just jumped into with small risk.
Bajaj Finance Bullish PatternAs Bajaj Finance released Q4 result which is good. If will breach the 5800 level it will make the new high at 6000.
GBPUSD H4 - Short SetupGBPUSD H4
This is the basis my GBPUSD short was taken from, nice initial rejection during volume open for our EUR/LON session kickoff, 1.39 is holding as resistance nicely so far.
Really want to get this bulletproofed and see a nice 15-20 pip dip, currently flirting between 5-15 pips profit, but need to squeeze a little more out hopefully. Manually monitoring anyway.
EURUSD H4 - Short SetupEURUSD H4
Seeing a break of 1.20 support here on fiber, big support price zone to break. This gives me a little subtle confidence with regards to the GU short I've taken, hopefully we see cable follow similar suit.
Lots of good return setups here all pretty much in excess of 4R which is brilliant.
TREEonce it breaks over the $400 level, it can start to run, even before the price target get increased.
ofc my 5-year hypothesis takes a long time, and a BIG BIG BIG return, but at least the risky is "only" 14%, considering the break of the channel in green.
at this price ($225) it is undervalued considering the price target on yahoo of $350+
trade safe, and invest only what you can lose.
EURJPY 04 05 2021EURJPY 04 05 2021
#EURUSD
In April, the price rose from the 1.168 support (the main turn line in March 2020) to the resistance of 1.215 The price reversed and started to fall. I expect the fall to continue.
The main reasons for this are:
- breakdown of the support at 1.197 (slowdown in price).
- strong resistance line of February 2020.
The target is 1.186.
XAUUSD 30 04 2021XAUUSD 30 04 2021
After the price bounced off the support level 1675.91 for the second time at the end of March, it continues to rise. At the same time, growth is accompanied by a large number of pullbacks and corrections. Nevertheless, the price has already managed to break through the support lines of 1737.06 and the level of 1763.79. Now it is in the resistance zone between the lines of March 2018 and August 2020. The price bounced off the resistance line in March 2018 from the point 1797.39. And now I expect it to be able to break through the August 2020 line at 1767.22. And the support level is 1763.79. After that, it will fix on the line in the area of 1757.53 and continue to fall. So my final target is support line 1715.51.
GBPJPY H4 - Short Trade SetupGBPJPY H4
Currently sat around our 152 whole number price, resistance is around 20 pips higher at 152.200, a lower timeframe structure break and retest would be ideal, seen some big extensions amongst most ***YEN pairs...
Even USDJPY is pulling back upside towards resistance, bearing in mind we were dovish off the back of the PC yesterday evening.
USDCHF 28 04 2021USDCHF 28 04 2021
At the end of March, the price touched a resistance zone consisting of April and January 2019 lines at point 0.946. After that, the price collapsed and a week ago made an important breakdown of the resistance level of 0.918. The price has already broken this level - during the fall in July 2020 and during the rise in March 2021. Now, after the breakdown of the level, the price tried to gain a foothold on it and grow. The price is supported by the strong line formed on the chart in June 2019. The price has already made two touches of this line and now bounced off it at the 0.910 point. Now the price is at the level and I expect it to be able to break through the 0.918 level, rise and come to the 0.930 resistance line. This will be our goal.
XAUUSD 28 04 2021XAUUSD 28 04 2021
Although gold is not showing strong movement, it still continues to follow my predictions. First, the price reached the level of resistance and prepared for a fall. Then she turned around and began to fall. Then it stayed in the resistance zone of 1792.36 before starting to fall. Nevertheless, it reversed and began to fall, returning to the main downtrend that has existed since August 2020. Now the price is within the resistance line 1770.43 and I expect it to continue falling. The price will break the support line 1781.51. It will consolidate at the resistance of 1759.05 and fall to the support line at 1709.39. This will be our goal.
Ethereum (ETH) Ridiculously Undervalued Own at Least 1 Ethereum Everybody always ask me which cryptocurrency has the most potential and upside this cycle. My answer is if you're looking for performance start stacking Ethereum or if you don't have at least one Ethereum start making that a worthy goal before it's too late.
When I look at the Ethereum / Bitcoin pairing chart we still have a long journey to reach the ETH/BTC all time highs of the previous 2017 cycle. It's crazy to even think at one point Ethereum was valued at 100,000,000 satoshis in April 2017 which is practically 1 Bitcoin . Ethereum is currently only 4.6 million satoshis.
As of right now the average American does not have enough in savings to even afford 1 Ethereum at $2560. According to a GOBankingRates 2019 savings survey found that nearly 70% of Americans have less than $1000 in an emergency savings. It was only about a year ago when Ethereum was less than $300. I've been saying this for a while now that Ethereum is second evolution of the internet and the decentralized global internet. Also EIP 1559 is tentatively scheduled for July which essentially states every transaction on Ethereum will forever burn Ethereum. Meaning Ethereum will start to become scarce in the near future.
Even at $2560 Ethereum is a still as it's primed to be a 5 digit cryptocurrency. Bitcoin is digital gold while Ethereum is digital oil. The ETH/BTC run-up will be epic and one for the history books this year. Please don't sleep on Ethereum before it's too late. Make it a goal to own at least 1 Ethereum.
Remember I'm no financial advisor. Much peace, love, health, and wealth!
EURJPY H4 - Short SetupEURJPY H4
This range here on EURJPY is crazy, and has been running for circa 3 weeks with the exception of 1 or 2 fake-outs.
Monitoring this closely this week, we can trade the range from support to resistance and also resistance to support, but as soon as we break, we can trade the retest.
Don't fix it if it's not broken.
AUDCHF 26 04 2021AUDCHF 26 04 2021
The price has been moving in a confident upward turn. The only tangible channel breakdown occurred from February 2021 to March, when the price broke through the resistance line. However, in March of this year, it again broke through it already during the fall at the point 0.716 and returned to the growing channel. The price dropped in the channel and touched the support line at 0.703. Then it rebounded, but again reversed from the resistance line 0.715 - the line formed in the channel in October last year. After the reversal, the price touched the support line again at the 0.706 point and thus fixed on it. I expect that after fixing the price will continue to rise and come to the resistance line 0.721.
