Get started

Investroy

1 MINUTE OF THIS WILL SAVE 10 MINUTES OF YOUR TIME 🕒Yes, we’re talking about planning. We’ve all heard this from different “gurus”, professionals, even friends and family. “What is your plan” is one of the most frequently asked questions in the world, yet most people usually don’t have a clear answer to it. Why? Most people don’t know the technique of proper planning. Investroy is here to help clarify this basic yet vital skill. When you want your road to a better life to begin right now, planning may seem inconvenient. Getting around unfamiliar territory is much easier with a map and planning is our key here. It is important to note when we say planning in this context, we don’t only mean your trades. You have to look at the bigger picture. Why are you trading? To attain financial independence, make some extra money or maybe you just enjoy it (hmm.. we might have a psycho here). Without much talking, let’s jump right into it. First of all, “Make a list of your objectives”. Well, some of you might have heard about the SMART formula. This means that your objectives have to be: Specific, Measurable, Achievable, Relevant and Time-Bound. In simpler words, you have to know exactly what you want, you need to have means to measure the progress, they have be realistic, make sense to you and have a timeline with an end date. Secondly, “Make a strategy by breaking down your goal into manageable bits” The first step is to figure out what you want to achieve. Big ambitions, on the other hand, might be intimidating, and you may feel as if you don't know how to get there. Unfortunately, here is when a lot of people lose up. Break it down into segments now that you know where you want to end. Where do you need to be in one year if your objective is to create a profitable business in two years? Is it really six months? What about next week? Make a strategy that breaks down your aim into tiny, manageable steps. Make a list of each step and establish a deadline for completing it. Third step is to review your plan on a daily basis. Sometimes reality is different from what we have in mind, that’s fine. Make some adjustments and move along. Lastly, you MUST stay focused and have a tunnel vision regarding your plan. “Sticking” to the plan sounds easy and complicated at the same time. Personally for us, creating habits off the market (going to the gym and having a healthy routine) helps significantly with following the planning process on the markets. We truly this made you stop and think for a second and start planning now. At the end a goal without a plan is just a wish!
BITSTAMP:BTCUSDEducation
by Investroy
13
EUR/USD: a pattern that belongs in the Louvre When the price was wandering around the lower barrier of the descending channel, we forecasted a nice long position till the upper barrier of the channel. Now that the price has reached the predetermined target, we are looking forward to selling this pair once again. We will patiently wait for the price to consolidate around the current zone of resistance, after which short positions will possibly be executed once enough confirmations are provided. The initial target will be set at the area of 1.035 Lower Low. Happy trading, everyone!
Short
by Investroy
17
BITCOIN (BTC/USD): The Eiffel Tower pattern. $20k approaching?Living in Paris and seeing this absolutely stunning creation of Gustave Eiffel almost everyday, and being a huge fan of sacred geometry makes it really easy for you to differentiate some patterns looking at graphical illustrations of various securities. Taking a look at the Monthly timeframe chart of Bitcoin, we can notice that the massive bullish run that took place from October 2020 to April 2021 perfectly lines up with the left curve of the Eiffel Tower. The top of the tower, the place where you have all the souvenir shops and people posing for Instagram nicely captures the longs wicks that are spiking to the upside but being unable to break above. At the very moment, we can see how nicely the current bearish wave corresponds to the right curve of the tower. Although we believe that there is a potential for the price to drop even deeper down, we are setting our initial target at the Monthly zone of support of $20k, which in fact perfectly aligns with the reverse "U" curve of the Eiffel Tower. Disclaimer: The purpose of this post is neither advertising Paris and nor offering a financial advice. Use this idea both for educational and entertainment purposes! Happy trading, dear wizards!
BITSTAMP:BTCUSDShort
by Investroy
20
USD/CAD: Alexa, Play "Put your head on my shoulder"Cute caption, but enough romance, time to get to business! As we can see USDCAD is forming a very nice H&S pattern. The price that is currently at 1.28 is expected to complete the neckline at 1.27 (support #1) with some further correction. This should set up us for a longer-term goal of 1.246. Obviously, these types of trades don’t happen overnight. However, once we zoom in it is important to keep this bigger image in mind and not get caught in crossfire!
Short
by Investroy
52
IS BITCOIN ON THE VERGE OF FURTHER DIP?Investors are fleeing speculative assets as central banks tighten monetary policy to battle spiraling inflation and dwindling liquidity. The value of TerraUSD or UST, an algorithmic stablecoin that attempts to maintain a one-to-one peg to the dollar, dropped below $1 over the weekend before rebounding, adding to the concern surrounding digital assets. Fears of increasing inflation have caused most investors to take a risk-averse attitude, selling both equities and cryptos to reduce risk. As a results, we've come to the situation we're currently in. Now, the big question is.. Are we done yet? The answer is most likely no. Though, the variable we can't predict is the longevity of this process. Are we expecting a quick sellout to 25k$ with subsequent recovery or some tedious ranging? Let's try to take it one step at a time. If we look at the BTCUSD graph right now, one could notice a symmetrical triangle forming after a downtrend. This is usually an indication of another attempt to test lower levels. 25k$ is an important psychological level to watch out for once/if the breakout happens. Stay safe, fam, and no matter what let's kill this week!
BITSTAMP:BTCUSDShort
by Investroy
15
EUR/USD: U UP? :)Even though we can see some minor recovery/pullback on the EU chart, the big downtrend obviously is not done yet. You may ask what’s the good point to add some short positions to your portfolio? Well, 1.05 is serving both as a support from the previous run and pretty round psychological/sentimental level. On the way down, the first minor support would be visible back at around 1.035 (150 pips profit) and we’ll continue to monitor the trade from there on!
Short
by Investroy
14
EUR/USD: "fly me to the moon, let me play among the stars"Frank Sinatra, what a singer. Looking at the higher timeframe graphs of EUR/USD, it can be illustrated that the price is actively consolidating around the zone of the lower boundary of the downtrending channel. Moreover, a mini-range has been formed on the lower timeframe charts, and the price has nicely bounced off the lower barrier of it. We are now expecting for the price to keep pumping and reach the upper boundary of the channel. Have a great trading week, everyone!
Long
by Investroy
8
EUR/GBP: higher timeframe correctional moveLooking at the higher timeframe charts, it can be identified that the price is breaking the local zone of support/previous HH and is probably headed towards the 0.846 zone of support that collides with 61.8% Fibonacci retracement level. We are patiently waiting for the price to re-test the local zone of support that is about to become an area of resistance before we open SELL positions and aim for the zone of crucial support as illustrated on the graph.
Short
by Investroy
5
EUR/USD: quick update. The best zone to buy from.As it can be clearly observed from the 8H timeframe chart of EUR/USD, a sideways ranging rectangular box has been formed and the price is currently trading within the borders of it while trying to bounce off the lower barrier of the formed descending channel. The liquidity is low and the price action is slow. Thus, we are expecting for the Fed Interest Rate Decision news to hit the market in the evening so the price movement picks up some pace. We are expecting for the price to dip below the local zone of support and grab some liquidity before continuing its bullish moves and reaching the area illustrated on the graph.
Long
by Investroy
14
USD/JPY: uptrend is still holding. What's the next step?Taking a look at the higher timeframe charts of USD/JPY, it can be illustrated that the price is nicely moving within the borders of an ascending channel. Monitoring the price action, it can be inferred that the price will most likely visit the area portrayed on the graph (129.2) before pumping to the upside and reaching the zone of the current Higher High. There are three confluences nicely lining up and suggesting a BUY from the 129.2 zone of support. Firstly, the zone serves as a previous zone of resistance later turned support. Secondly, the same zone nicely aligns with 50% Fibonacci retracement level, which gives us another confluence. Last, the lower barrier of the ascending channel nicely intersects with two previously listed areas of confluence. For the above stated reasons, we are looking forwards towards opening BUY positions.
Long
by Investroy
6
GOLD (XAU/USD): detailed multi-timeframe chart breakdown Let's take a look at the chart of GOLD on different timeframes and make a detailed chart analysis of it! As it can be noticed from the WEEKLY timeframe perspective, the price has nicely rejected the zone of previous resistance later turned support that lines up with the ascending trend-line illustrated on the chart. This means that the price has successfully retested the area of the previous Higher High and is now on its way to form a new Higher Low. Zooming into the DAILY timeframe chart, we can see that the area of $1918 serves as a crucial zone of resistance, which means the price is most likely to visit that particular zone in the short-run. Lastly, the H8 chart show us that the price is currently at the doors of the Previous Lower Low and it has printed some nice bullish reversal candlestick patterns. Thus, if the price manages to break above the local zone of resistance and re-test it, we can expect for the price to keep rising till the area illustrated on the graph.
OANDA:XAUUSDLong
by Investroy
11