AUD/JPY, where are we headed next?🔮The price has formed a nice ascending triangle. Overall bias is definitely bullish. Can the price break the zone of resistance and fly up? Or will it go down once again and hit the ascending trendline before going back up?🍿
Feel free to share your thoughts and ideas, family🙌🏻
Investroy
ETHEREUM: GUIDE FOR LONGS 🧙♂️If you're currently trying to buy ETHREUM, here are some points where you can buy it with a minimum drawdown. Overall, ETHEREUM is a fundamentally better altcoin compared to Bitcoin, so I wouldn't suggest shorting it. You can use it as a guide to add some positions to your current portfolio.
BNBUSD: TIME TO SELL? 🧙♂️Well, not quite. I don't personally like shoring these kinds of cryptos. However, as we can see 90% of Binancecoin movement is happening within that channel. So if you're looking to add some positions to your portfolio or go long, that red zone is hypothetically a good place to go with (if everything goes according to the plan). If not, we'll just move on and look for new opportunities. Have an amazing week, TradingView community!
GOLD: SLOWLY BUT STEADILY BACK TO 1800's 🧙♂️Hey, traders. While USD is getting killed over there, GOLD is trying to reach good old glorious levels. As of right now, it's going a little further down (spontaneous early week USD strength), but we're expecting it to get comfortable at our support zone and start building up some momentum further up. This trade might take a fat minute, so buckle and enjoy the process!
LET'S LEARN TOGETHERTradingview is all about sharing your ideas and knowledge with like-minded people. Sometimes we all get caught up with the trading part and forget that it's a learning journey no matter what your experience level on the market is.
As a way for everybody to take a step back and look around, we decided to create this thread where each of you can share your trading routine and any tips. Something you might think is insignificant might change somebody's trading journey for good!
A lot of you have been supporting us with coins! We make enough through trading, thus, we'll try to give back to people with the most helpful tips through the coins we have.
For instance, here are some tips Investroy analysts use on a daily basis:
1) Before making an entry on a larger time frame, we always check M15 or lower to make sure we don't have any micro-reversal patterns being created
2) We don't enter trades on Fridays
3) NOT RISKING MORE THAN 1% ON A SINGLE TRADE (NO MATTER HOW JUICY THE OPPORTUNITY IS)
4) Always waiting for confirmations (specific candle to close) before executing a reversal trade on major support or resistance
TradingView has a lot really experienced and intelligent traders, we're hoping they also join this post to share their wisdom with the people who are just starting their long (hopefully profitable) journey. All the best, my friends! Let's make the most out of our great platform!