USDCAD BULLISH PROFITABLE IDEA#USDCAD is at a bullish sentiment, what we can do from the previous price action is observed the previous Break of structure in the bullish direction.
It is important to note hoe the break of structure took place , and as we see there was formation o structure which resulted in an impulsive market action resulting to the break, this area has been untapped till now of any pending liquidity in support of the bullish trend
What to do ?
Wait or the price action to mitigate this area and look for a suitable entry position based on your entry techniques, esp before the news.
#all the best.
LONG
GOLD - Price can bounce up from support line to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
After price started to trades inside rising channel, it at once rose to $2730 level from $2610 level.
Then price broke it and some time traded inside resistance area, where it made a gap and later grew to resistance line.
Next, price turned around and started to decline inside falling channel, exiting from rising channel.
In falling channel, Gold broke $2730 level and some time later reached $2610 level and some time traded near it.
Recently price broke it and fell to support line of channel, but a not long time ago it bounced up.
So, in my mind, Gold can fall to support line again and then bounce up to $2610 resistance level.
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XRP fractal, a little more detailFurther to my previous post on XRP. I realise that I was not clear enough. I am awaiting the intitial surge to 1.9, then I'm out. There may well be higher highs to come. But, if the fractal plays out there will be an equal downward surge that will take us to local lower lows and below my entry point. So, I'm going to stick it out to 1.9. Follow for more
GOLD The Target Is UP! BUY!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 2567.3
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2632.7
My Stop Loss - 2530.7
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
XRP fractal, sometimes simple is bestI'm loving XRP at the moment. We've seen a gorgeous positive breakout the last few days giving high confidence in a furthe upward surge. I'm looking closely and can see a beautful fractal appearing that looks like it could play out again. IF it does, my target will be just shy of the top around 1.9. I'm in until then. Follow for more.
GBPCAD: Free Trading Signal
GBPCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPCAD
Entry Point - 1.7794
Stop Loss - 1.7739
Take Profit - 1.7928
Our Risk - 1%
Start protection of your profits from lower levels
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AUDJPY Sellers In Panic! BUY!
My dear followers,
This is my opinion on the AUDJPY next move:
The asset is approaching an important pivot point 100.36
Bias -Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 100.89
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CADJPY Massive Long! BUY!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 110.57
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 110.88
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Patience is LONGSo in this image, I hope that you can see the obvious. We have a wide range that we could potentially be trading from top to bottom until one side breaks. My idea right now is that we still haven't taken out the range low, which would also take out some of the liquidity wicks. I've also added the downtrending range to keep in mind and backup my thoughts that this could just be a correction for a bigger jump to the upside.
That's where I would look for:
A loss of that level
A reclaim ( possibly a swing failure pattern, ie, wick below and close above the lows )
A change of market structure
A long trade entry
This is assuming we come back down here, of course. If we don't, then we look for the top of the range for vice versa option or a continuation of this incredible bullish trend where we find support at the highs and continue on.
Always keep in mind that we may not get the SFP and the close back above the lows, this could take patience if we start to see a back test of them laws, and a loss of that level.
Losing BITGET:BTCUSDT.P $36,000 ish would look more bearish and we might even end up closing the CME gap below.
Just sharing some thoughts, so you are aware of the range that we're in. Sometimes I miss these things and they could be really great opportunities for both long and shorts until one side breaks.
This is not financial advice.
USOIL BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
USOIL pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 68.98 area.
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Gold, strong support coming inHello everyone,
after the election in the US Gold started a sharp pullback and lost 9% within 2 weeks.
Now the price reached very strong support zones, built from former consolidations. These zones also match with order blocs on the weekly, 4H and 1H time frame (not shown on the chart).
The RSI is highly oversold and the drop was the biggest one this year. All in all I think it's time for a correction at least.
According to the Elliot wave theory we finished three waves down, the C wave was formed by a five wave move which is very common on five waves. If you are interested in the micro count, let me know in the comments.
The orange area shows the potential resistance for the larger B wave. The green support zone should ideally hold to keep the bullish trend alive and the upper zone shows the fifth wave targets. The price could easily extend to 3000 dollar before a major correction should come.
$BTC about to top-out?Not exactly sure where we will turn around, but RSI looks almost identical to last cycle, just ~30% shorter cycle?
It kind of looks like the move is manipulated this time? Might be because billionaires buying off-market through Coinbase way more this time than last time.
Also the lower 30k's looks attractive even tho I hardly doubt we will go there, except we starting bear market early this time. If price retrace to 30k to 40k - chart would print Inverse Head&Shoulders, at around 28k there is 3 White Soldier pattern on weekly chart, that act as strong support, wouldn't be surprised if we dip to those levels for a day or two if we get black swan event.
If we still in bull market then price should't go below ~80k. And correction of this size would start altcoin season.
This is weekly chart so of course no actual telling will this happen this week or 10 weeks later, just an interesting look. And RSI might lose it's bearish div if we pump enough.
Everyone saying BTC will go to over 120k or even over 300k, this dump would be something beautiful for new entries.
GOLD VS BITCOIN Bitcoin is often referred to as digital gold as they are both stores of wealth, but how do the charts compare?
Firstly GOLD has been around for much much longer than BITCOIN so naturally the charts are not comparable in terms of duration and that should be taken into account. Golds PA plays out over a much longer timespan to BTCs but the chart patterns are certainly similar.
We have Golds previous rally peaking in 2011 before falling with a rounded bottom, the exact same as Bitcoins structure from the last bull cycle.
Gold then steadily climbs over the HTF stalling briefly at a bearish orderblock (blue box's) which is the same as BTC. Continues to climb to reach previous ATH before distributing/accumulating with sideways choppy price action.
So cleqarly Gold and Bitcoin share a lot of similarities, where they differ in their charts is what happens after ATH and into price discovery...
Gold continued its rally for a further 32% increase once it broke out above the trend channel/ mini range at the ATH level. Bitcoin is looking to do the same and if successful, price discovery should exceed the 32% increase the gold saw because of the difference in market caps of the two assets.
Gold market cap: $18.3T
Bitcoin market cap: $1.35T
Such a massive difference in market caps means less investment is needed to create the price increase and so I believe 32% is a super conservative estimate but we'll use it as an example for comparison. That would take BTC up to ~$92,000, a more than doable move IMO.
Bitcoin can little correct and then continue to move upHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few days ago started to grow inside the upward channel, where it at once reached the resistance line of the channel. Then the price rose to the support area, which coincided with the 66800 support level, and then turned around and made a correction to the support line of the upward channel. When the price fell, it turned around and in a short time rose to the 66800 level, broke it, and then some time traded near. Later, BTC bounced from this level and rose almost to the resistance line of the channel, after which turned around and corrected to the support level, where at once made a strong upward impulse to the resistance line. Price some time traded between this line and later exited from a channel and continued to move up. Some time later, the price reached 86800 current support level, which is located inside one more support area and broke this level. Now BTC trades near this level and in my mind, the price can make a small correction, below the support level, and then continue to grow, and even reach new ATH. For this case, I set my TP at 94000 points. Please share this idea with your friends and click Boost 🚀
EURCHF Technical Analysis! BUY!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9373 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9394
Recommended Stop Loss - 0.9361
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURO - Price can leave triangle and rise to $1.0765 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price fell to $1.1085 level and some time traded near, after which bounced and rose to $1.1210 points.
Then price started to decline in falling channel, where it broke $1.1085 level and fell to support line at once.
In channel, EUR declined until to $1.0765 level, which coincided with resistance area and some time traded near.
Later, price exited from channel, and entered to triangle, but firstly made a gap and then bounced down.
Price broke $1.0765 level and now it trades near resistance line of triangle, so, I think can make correction.
After this, Euro will bounce up to $1.0765 resistance level, exiting from a triangle.
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